China’s market for EV charging stations was until recently monopolized by the State Grid Corporation of China (SGCC) and the China Southern Power Grid (CSPG). SGCC was not only the manager of stations but also supplied electricity to these charging stations. The one key advantage of this model was that it was simple and easy to manage. However, its monopoly may have hindered the development of the EV market because of lack of competition. In 2014, SGGC initiated an ambitious reform to open up the market for constructing charging stations to private players.
“The overall opening up of the charging station construction market has been good news for automakers like BYD,” said Sayani Roy, a lead analyst at Technavio for tools and components research. “China also aims to build 12,000 EV charging stations and 4.5 million charging points wherein the central and local governments will aid private investors in the construction of charging points.”
The continuous introduction of various government policies and initiatives to promote the increased use of electric vehicles will be a major factor that will have a positive impact on the growth of this market in the next four years. Various government incentives and tax rebates continue to aid in the growth of the electric vehicle market, which in turn will contribute to the growth of the electric car charging station market. Furthermore, owing to the increasing awareness on climatic change and the rise in government investments, the demand for electric vehicles will increase substantially over the next few years.
The V2G (vehicle to grid) system enables the flow of power between a grid and electric drive vehicles and also provides a network to help the owner communicate with the power grid. This system also enables demand response services, which helps to augment the efficiency of the system during heavy loads. The V2G technology enables the use of EVs as distributed storage devices and also aids in saving the cost of electrical systems by providing regulation services, peak load management, and demand response and spinning reserves. This will lead to the increased adoption of V2G, which will be one of the major trends gaining traction in the electrical car charging station market in the next four years.
The regular charging segment dominated the market in 2015 and accounted for about 80% of the total market share. Usually installed in home parking and workplace parking spaces, these electric car charging stations offer slow to medium charging. Though the rise in investments in fast charging technologies will result in this segment enduring a decline in market share, it will continue to dominate the market in the coming years.
The public electric vehicle (EV) charging station segment is estimated to account for about 72% of the total market share by 2020 and is anticipated to dominate the market throughout the forecast period. Increasing investments in vehicle charging infrastructure by the central government, local authorities, and major automakers will fuel the growth of this segment.
BYD supplies rechargeable batteries and develops green products such as solar farms, EVs, battery energy storage stations, and LEDs. In the EV charging station market in China, BYD, with the help of its Fe battery technology, offers energy storage, microgrids, and distributed energy storage solutions. The company makes use of the BYD bi-directional charging and discharging technology, and charges the grid using the high-peak period with the maximum charging power of 25 kW. It provides bi-directional charging for vehicle-to-grid and vehicle-to-vehicle charging stations.
Hong Kong EV Power, a spin-off company from AMOS Enterprises, offers comprehensive EV charging solutions for EV stations, which are suitable for various types EV cars. The company promotes the use of EVs in China and Hong Kong by offering convenient and cost-effective charging solutions for car parking managers and EV drivers. It primarily offers EV charging solutions for EV cars, minivans, buses, and trucks. The company has made 521 installations, provides EV charging for approximately 2,026 cars, and has 258 charging stations across Hong Kong. The company offers an easy-to-use e-charge online platform that offers its EV charging solutions through the Web.
ShangaHai Xundao in Shanghai specializes in research, production and distribution of EVs, and EV battery charging and swapping infrastructure. The product portfolio of the company includes one DC charger, car charger, charging connectors, and AC and DC electric car charging piles. The XDJ-21 Series AC charging piles have been built in residential areas of new cities such as Hefei, Tianjin, and Shanghai and also in underground garages of the People’s Government in Shanghai, Qingdao Xuejiadao, and Jiading Automobile City.
SORO Electronics in Guangdong offers a wide product portfolio such as uninterruptible power supply (UPS), outdoor UPS, AC-DC integrated systems, green energy products, metro platform screen doors system active filters and custom UPS. It is one the major players in the global vehicle charging station market in China. The company offers a wide product portfolio such as EV AC charging post, EV DC portable mobile type charger, DC charging rectifier cabinet, integrated DC charging products, EV charging post-floor mount type.
ABB in Switzerland provides specific charging solutions to support all EV charging standards, and offers a product portfolio that includes multi-standard fast chargers; single-standard fast chargers; highway and en-route fast chargers; and chargers for EV dealers.
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