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Electric Vehicle Charging station market in China 2016-2020

About the Electric Vehicle Charging Station Market in China

China has been aggressive in its efforts to promote EV adoption, primarily to cope with the growing pollution scenario. China was placed at the top of the nations with the most carbon dioxide emissions in 2011. China’s tremendous economic growth has been riding on the country’s manufacturing sector, which has been a key contributor to the emissions. Apart from the manufacturing sector, industrial segments such as thermal power plants have also contributed largely to the country’s carbon emissions. The share of the transportation sector in carbon emissions has increased significantly in the past two decades.

Technavio’s analysts forecast the electric vehicle charging station market in China to grow at a CAGR of 115.84% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the electric vehicle charging station market in China for 2016-2020. In order to arrive at the market size, we have considered the total installed EV charging units. The report considers the different modes of charging. For market size calculation, the report considers the total stock of electric cars and buses in China. There is another category of EVs, which are the “low-speed EVs”. This category of cars was not considered since they are not recognized by China’s central government and are not counted in the official automotive statistics.

The market is divided into the following segments based on cities:

  • Shanghai
  • Jiangsu
  • Hong Kong
  • Shenzhen
  • Beijing
Technavio's report, Electric Vehicle Charging Station Market in China 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • BYD
  • Hong Kong EV Power
  • ShangaHai Xundao New Energy Technology
  • SORO Electronics
  • ABB
Other prominent vendors
  • SGCC
  • CSPG
  • Zhejiang Wanma Group
  • UTEK New Energy Technology
Market driver
  • Need for energy independence
  • For a full, detailed list, view our report
Market challenge
  • Growing market for low-speed EVs
  • For a full, detailed list, view our report
Market trend
  • Increased adoption of V2G systems
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Electric Vehicle Charging Station Market in China 2016-2020

Technavio recognizes the following companies as the key players in the electric vehicle charging station market in China: BYD, Hong Kong EV Power, ShangaHai Xundao New Energy Technology, SORO Electronics, and ABB.

Other Prominent Vendors in the market are: SGCC, CSPG, Zhejiang Wanma Group, and UTEK New Energy Technology.

Commenting on the report, an analyst from Technavio’s team said: “An upcoming trend which will boost market growth is the increased adoption of V2G (vehicle to grid) systems. A vehicle to grid (V2G) system enables the flow of power between a grid and electric drive vehicles such as BEVs, PHEVs, and FCVs. These systems also provide a network to help the owner to communicate with the power grid. The V2G technology enables demand response services to the power grid, thereby enhancing the efficiency of the system during heavy loads.”

According to the report, a key growth driver is the need for energy independence. Energy independence is the practice of reducing the reliance of a country on foreign oil imports to power its vehicles. In China, the dependence of the country’s transport sector on gasoline has increased drastically in the past two decades. Owing to the volatility in oil prices, China is taking steps to scale down its imports and become self-reliant on imports to meet its energy demand. Considering the increasing share of the transport sector in gasoline consumption, China is promoting the use of EVs to reduce the burden on gasoline. Beijing also exempts small passenger EVs from rush-hour restrictions.

Further, the report states that one challenge that could hamper market growth is the growing demand for low-speed EVs.



Companies Mentioned

BYD, Hong Kong EV Power, ShangaHai Xundao New Energy Technology, SORO Electronics, ABB, SGCC, CSPG, Zhejiang Wanma Group, UTEK New Energy Technology.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Chinese automotive sector 2010-2014 (%)
      • Table Pros and cons of using Evs
      • Table Classification of Evs
      • Table Comparison of popular Evs
      • Table Carbon emission share by countries 2015
      • Table Emission by sources in China 1997-2012
      • Table Countries with PM levels 2015
      • Table Product lifecycle assessment
      • Table Electricity production from different sources in China 2014
      • Table EVSE ecosystem
    • Market overview
      • Table EV charging station market in China 2015-2020 ($ billions)
      • Table EV charging station market in China by units 2015-2020
      • Table Breakup of electric buses and cars 2015
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by charging modes
    • Table EV charging station market by charging modes 2015-2020
    • Table Market share of different charging modes 2015-2020
    • Regular EV charging station market
      • Table Regular EV charging station market in China 2015-2020 ($ millions)
      • Table Regular charging stations by units 2015-2020 (units)
    • Rapid EV charging station market
      • Table Rapid EV charging station market 2015-2020 ($ millions)
      • Table Rapid charging stations by units 2015-2020
    • Range extension EV charging station market
      • Table Range extension EV charging station market 2015-2020 ($ millions)
      • Table Range extension EV charging stations by units 2015-2020
  • Market Segmentation by end-users
    • Table EV charging station market by end-users 2015
    • Table EV charging station market by end-users 2020
    • Table EV charging station market by end-users 2015-2020
    • Public EV charging station market
      • Table Public charging stations market 2015-2020 (number of units)
    • Residential EV charging station market
      • Table Residential EV charging station market 2015-2020 (number of units)
  • Key leading cities
    • Shanghai
      • Table EV versus combustion engine cars in Shanghai 2014
      • Table EV promotion policies in Shanghai
    • Jiangsu
      • Table Distribution of EVs in different cities of Jiangsu province 2014
      • Table Shares of different types of EVs in Jiangsu in 2014
    • Hong Kong
    • Shenzhen
    • Beijing
  • Market drivers
    • Government initiatives
      • Table Pilot promotion policies
      • Table EV charging infrastructure policies
      • Table Government policies launched in 2015
      • Table China 5/V emission norms
      • Table Chinese cities meeting national clean air standards 2014
      • Table Air quality in Beijing 2013
    • Declining Li-ion battery prices
      • Table Declining trend of Li-ion batteries ($/kWh)
      • Table Major cost components in Li-ion battery
    • Need for energy independence
      • Table Share of transport in gasoline consumption 1990-2010
      • Table Consumption versus production in China 2005-2015 (millions of barrels per day)
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Increased focus on conventional hybrids by leading auto OEMs
    • Growing market for low-speed EVs
    • Lack of viable business model: Additional impact of Yuan evaluation
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Increased adoption of V2G systems
      • Table Three basic V2G requirements
    • Battery swapping stations
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • BYD
      • Table BYD product portfolio
    • Hong Kong EV Power
      • Table Hong Kong EV Power product portfolio
    • ShangHai Xundao New Energy Technology
      • Table ShangHai Xundao product portfolio
    • SORO Electronics
      • Table SORO Electronics product portfolio
    • ABB
      • Table ABB product portfolio
  • Appendix
    • List of abbreviations
  • Explore Technavio

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