According to a recent market study published by Growth Market Reports, titled, “Combined Charging System Market by Types and by End-Users: Size, Share, Trends and Opportunity Analysis, 2021-2030”, the market was valued at USD 887.2 Million in 2021 and is expected to grow at a growth rate of 32.8% by the year 2030.

As per Growth Market Reports industry analysts Akash Vedpathak “Combined Charging System Market” is anticipated to witness significant growth during the forecast period 2022-2030. Robust economic growth in developing markets, growth in industrial development, and rising concerns related to the environment among consumers are anticipated to fuel the global combined charging system market during the forecast period.

CCS is used globally and follows the ONE-Approach – ONE system for all. The core features of the ONE-Approach of CCS are one combined charging inlet per vehicle, one charge control logic for all charging scenarios, one charging communication interface, and one electric architecture for charging.

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Key factors that are anticipated to fuel the demand for the global combined charging system market during the forecast period, due to the growing demand for electric vehicles and government initiatives for electric vehicles are anticipated to fuel the combined charging system market during the forecast period. Conversely, lack of infrastructure is hampering the growth of the market. The development of self-driving electric vehicle technology is creating lucrative opportunities for market players.

The value chain concept disaggregates a firm into the various activities it performs. Conceptualizing from the firm level, this concept has been applied to industries as a whole. The resulting unified merchant embedded computing value chain comprises activities such as strategy, defining scope, user documentation, marketing, implementation, training and certification, maintenance and support, subscription, licensing, and operations. Developers, outsourcing companies, resellers, marketing companies, and license issuers have different profit margins that vary depending on the material, product, sizes, and prices, offered by the company.

The primary as well as secondary research methodology is used for keen observation and study about the Global Combined Charging System Market. The primary research methodology involves commercial agreements made with the primary respondents as well as consulting partners to extract critical information pertaining to the syndicated as well as consulting projects. Primary interviews conducted with the stakeholders across industry verticals on regular intervals in line with the ongoing studies and to keep ourselves abreast with the latest market trends & developments. Validation of the estimated market size, current and future trends done from the key opinion leaders (KOLs). These KOLs are the CXO level people from leading companies in the industry and possess the experience of around 10-20 years in the industry. On the other-hand the secondary research methodology involves exhaustive desk research undertaken to understand the prevailing market trends & dynamics, market competition, customer insights and other KPIs. Company websites, their SEC filings, annual reports, broker & financial reports and investor presentations are scanned for understanding the competitive scenario, details and developments, and the overall competitive landscape. Regional government and statistical databases analyzed for macro & micro analysis. Research publications and paid data referred to obtain and validate the market estimations, budget, expenditure and other statistical insights.

The COVID-19 pandemic has highlighted economic disparities in the global demand in the crises of global interdependence and governance challenges. Epidemics are isolated concerns for businesses and prospects for emerging patterns and vulnerabilities. According to the current pandemic situation, strict measures are required for monitoring the situation, which in turn, affect businesses causing unanticipated short and long-term effects. Consequently, epidemics and pandemics are problems for individual market and an enhancement of existing dynamics and limitations. In the long-term, COVID-19 can serve as another opportunity for manufacturers to reconsider their commitment to the supply chain in regions prone to outbreaks and to reconfigure themselves regionally. In current scenario, COVID-19 is hampering the production process of several manufacturing industries and businesses. Moreover, trade barriers are further reducing the demand-supply of various products and services. However, reduction in outdoor activities and social distancing has created lucrative opportunities for the market.

Key Takeaways from the Study:

  • The players include PHOENIX CONTACT, Exicom, AMP, Vector Informatik GmbH, IOTECHA INC, CharIN e. V., EV Safe Charge Inc., SEVENSTAX GmbH, Lubi EV Solutions, YoCharge, and Others.
  • Based on component, the global combined charging system market is bifurcated into software and hardware. The growth of the software segment is attributed to the high adoption of the combined charging system for charging electric vehicles. Moreover, electric vehicles are highly preferred as a future alternative to public transport in many countries.
  • In terms of power, the global combined charging system market is bifurcated into 40Kwh to 100Kwh, 100Kwh to 200Kwh, and more than 200KwH. The more than 200KwH segment is projected to grow in the near future, due to the high demand from the transportation industry. More than 200KwH chargers are highly demanded and adopted by customers for fast charging. These are next-generation fast-charging stations that reduce charging times by increasing the battery capacity in new electric vehicles. Moreover, the rising demand for eco-friendly solutions among consumers is creating opportunities in the market.
  • North America accounted for a key market revenue share of over 29.9% in 2021. The market is projected to grow significantly during the forecast period, due to the presence of regulatory bodies pertaining to carbon emissions from vehicles. Europe held a significant share of the global combined charging system market, owing to the presence of the key market players and continuous investment in technological advancements in the region. Hence, the market in Europe is expected to expand during the forecast period.

Report Scope:

Report Metric

Details

Market Value in 2021

USD 887.4 Million

Market Growth Rate (from 2020 to 2028)

32.8%

Historical Data

2015 ­– 2020

Base Year

2021

Forecast Period

2022 – 2030

Units Considered

Value (USD Million)

Market Segments

by Component, by Power, and by Region

Key Companies Profiled

PHOENIX CONTACT, Exicom, AMP, Vector Informatik GmbH, IOTECHA INC, CharIN e. V., EV Safe Charge Inc., SEVENSTAX GmbH, Lubi EV Solutions, YoCharge, and Others.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience:

Combined Charging System Component Manufacturers and Software Developers, Electric Vehicle Charging Station Manufacturers, Electric Vehicle Manufacturers, Government Agencies, Consulting Firms, Private Research and Development Firms, Equity Firms, and Investment Firms.