In 2019, the Indian electric vehicle supply equipment (EVSE) market generated a revenue of $1,027.9 thousand and is expected to attain a value of $13,833.0 thousand in 2025, registering a 54.2% CAGR during the forecast period (2019-2025). On the basis of type, the AC chargers accounted for the major share of the market in 2019. During the forecast period, the DC chargers are predicted to grow at the faster pace, as the government is making extensive plans for installing fast-charging stations in tier-1 cities and along the expressways and highways.
The private chargers category dominated the Indian EVSE market in 2019, due to the early adoption of these chargers in the country, higher requirement among customers for overnight charging at homes and commercial places, and low cost. The supportive government policies and initiatives is a major driving factor of the market. For example, the Faster Adoption and Manufacturing of (Hybrid & Electric) Vehicles in India (FAME) scheme was launched in India in March 2015 and was later revised in 2019 for promoting hybrid and battery electric vehicles.
The increasing investments from different start-up companies, EV manufacturers, solution providers, and EVSE manufacturers is a key trend in the Indian EVSE market. For instance, in August 2019, an India-based start-up company, EV Motors India Pvt. Ltd. announced that it is aiming to install more than 6,500 charging outlets for EVs, in collaboration with ABB India Ltd. and Delta Electronics Inc., with an investment of approximately $0.2 billion (INR 14 billion). Moreover, Tata Power Co. Ltd. announced in August 2019 that it will invest $1-1.5 billion to install 500 EV charging stations across the country by 2020.
When geography is taken into consideration, the western region is predicted to dominate the Indian EVSE market in 2019. This is ascribed to the presence of key EV and EV component manufacturers and state government support for EV adoption, primarily in Maharashtra and Gujarat. Furthermore, the high per capita income is also a key factor for the growth of this region. During the forecast period, the northern region is expected to witness the fastest growth because of the increasing government concerns regarding the poor air quality.
The private chargers category dominated the Indian EVSE market in 2019, due to the early adoption of these chargers in the country, higher requirement among customers for overnight charging at homes and commercial places, and low cost. The supportive government policies and initiatives is a major driving factor of the market. For example, the Faster Adoption and Manufacturing of (Hybrid & Electric) Vehicles in India (FAME) scheme was launched in India in March 2015 and was later revised in 2019 for promoting hybrid and battery electric vehicles.
The increasing investments from different start-up companies, EV manufacturers, solution providers, and EVSE manufacturers is a key trend in the Indian EVSE market. For instance, in August 2019, an India-based start-up company, EV Motors India Pvt. Ltd. announced that it is aiming to install more than 6,500 charging outlets for EVs, in collaboration with ABB India Ltd. and Delta Electronics Inc., with an investment of approximately $0.2 billion (INR 14 billion). Moreover, Tata Power Co. Ltd. announced in August 2019 that it will invest $1-1.5 billion to install 500 EV charging stations across the country by 2020.
When geography is taken into consideration, the western region is predicted to dominate the Indian EVSE market in 2019. This is ascribed to the presence of key EV and EV component manufacturers and state government support for EV adoption, primarily in Maharashtra and Gujarat. Furthermore, the high per capita income is also a key factor for the growth of this region. During the forecast period, the northern region is expected to witness the fastest growth because of the increasing government concerns regarding the poor air quality.
Table of Contents
Chapter 1. Research Background1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation by Type
1.3.2 Market Segmentation by Application
1.3.3 Market Segmentation by Region
1.3.4 Analysis Period
1.3.5 Market Data Reporting Unit
1.3.5.1 Volume
1.3.5.2 Value
1.4 Key Stakeholders
Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown of Primary Research Respondents
2.2.1.1 By industry participant
2.2.1.2 By region
2.2.1.3 By company type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Type
4.1.1.1 AC
4.1.1.1.1 Level 1
4.1.1.1.2 Level 2
4.1.1.2 DC charging
4.1.2 By Application
4.1.2.1 Public
4.1.2.2 Private
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Trends
4.3.1.1 Influx of heavy investments
4.3.2 Drivers
4.3.2.1 Increasing demand for EVs
4.3.2.2 Supportive government policies and initiatives
4.3.2.3 Impact analysis of drivers on market forecast
4.3.3 Restraints
4.3.3.1 Lack of standardization
4.3.3.2 High installation cost
4.3.3.3 Impact analysis of restraints on market forecast
4.3.4 Opportunities
4.3.4.1 Growing adoption of solar power charging station
4.4 Porter’s Five Forces Analysis
4.4.1 Bargaining Power of Buyers
4.4.2 Bargaining Power of Suppliers
4.4.3 Intensity of Rivalry
4.4.4 Threat of New Entrants
4.4.5 Threat of Substitutes
Chapter 5. EV Industry in India
5.1 Overview
5.2 EV Sales Growth
5.3 EV Manufacturers
5.4 EV Components
5.5 Future of EVs in India
Chapter 6. India EVSE Scenario
6.1 Infrastructure Requirements
6.2 Database
6.3 Tariff for Supplying Electricity
6.4 Service Charges at Public Charging Stations
6.5 Phases for Public Charging Infrastructure Rollout
6.5.1 Phase I (1-3 years)
6.5.2 Phase II (3-5 years)
Chapter 7. Regulatory Landscape
7.1 Regulations and Policies
7.1.1 Minimum Requirement for Public Charging Infrastructure (PCI)
7.1.2 PCI for Long-Distance and Heavy-Duty EVs
7.1.3 Location of Public Charging Stations
7.2 FAME (Phase II) Scheme
7.3 Chinese vs Japanese Connectors
7.4 EVSE Deployment Plans
Chapter 8. India Market Size and Forecast
8.1 By Type
8.1.1 AC Charging Station Market, By Type
8.2 By Application
8.3 By Region
Chapter 9. Competitive Landscape
9.1 List of Key Players and Their Offerings
9.2 Competitive Benchmarking of Key Players
9.3 Strategic Developments
9.3.1 Product Launches
9.3.2 Partnerships/Joint Ventures
9.3.3 Client Wins
9.3.4 Other Announcements and Developments
Chapter 10. Company Profiles
10.1 ABB Ltd.
10.1.1 Business Overview
10.1.2 Product and Service Offerings
10.1.3 Key Financial Summary
10.2 Schneider Electric SE
10.2.1 Business Overview
10.2.2 Product and Service Offerings
10.2.3 Key Financial Summary
10.3 Delta Electronics Inc.
10.3.1 Business Overview
10.3.2 Product and Service Offerings
10.3.3 Key Financial Summary
10.4 Magenta Power Pvt. Ltd.
10.4.1 Business Overview
10.4.2 Product and Service Offerings
10.5 Tata Power Co. Ltd.
10.5.1 Business Overview
10.5.2 Product and Service Offerings
10.5.3 Key Financial Summary
10.6 Exicom Tele-Systems Ltd.
10.6.1 Business Overview
10.6.2 Product and Service Offerings
10.7 Ather Energy Pvt. Ltd.
10.7.1 Business Overview
10.7.2 Product and Service Offerings
10.8 Bharat Heavy Electricals Ltd.
10.8.1 Business Overview
10.8.2 Product and Service Offerings
10.8.3 Key Financial Summary
10.9 ANI Technologies Pvt. Ltd. (Ola)
10.9.1 Business Overview
10.9.2 Product and Service Offerings
10.10 EV Motors India Pvt. Ltd.
10.10.1 Business Overview
10.10.2 Product and Service Offerings
Chapter 11. Appendix
11.1 Abbreviations
11.2 Sources and References
11.3 Related ReportsList of Tables
TABLE 1 ANALYSIS PERIOD OF THE STUDY
TABLE 2 EV SALE IN INDIA, IN UNITS (2018-2019)
TABLE 3 DRIVERS FOR THE MARKET: IMPACT ANALYSIS
TABLE 4 RESTRAINTS FOR THE MARKET: IMPACT ANALYSIS
TABLE 5 EV SALES IN INDIA, IN UNITS (2016-2019)
TABLE 6 MAJOR EV MANUFACTURERS OF IN INDIA
TABLE 7 STATE-LEVEL POLICIES TO PROMOTE EV ADOPTION
TABLE 8 STANDARDS FOR CHARGING STATIONS
TABLE 9 BREAKUP OF FUND ALLOCATION
TABLE 10 INCENTIVES FOR VARIOUS VEHICLE SEGMENTS
TABLE 11 EVSE DEPLOYMENT PLAN
TABLE 12 INDIA EVSE MARKET, BY TYPE, UNITS (2014-2019)
TABLE 13 INDIA EVSE MARKET, BY TYPE, UNITS (2020-2025)
TABLE 14 INDIA EVSE MARKET, BY TYPE, $’000 (2014-2019)
TABLE 15 INDIA EVSE MARKET, BY TYPE, $’000 (2020-2025)
TABLE 16 INDIA AC CHARGING STATION MARKET, BY TYPE, UNITS (2014-2019)
TABLE 17 INDIA AC CHARGING STATION MARKET, BY TYPE, UNITS (2020-2025)
TABLE 18 INDIA AC CHARGING STATION MARKET, BY TYPE, $’000 (2014-2019)
TABLE 19 INDIA AC CHARGING STATION MARKET, BY TYPE, $’000 (2020-2025)
TABLE 20 INDIA EVSE MARKET, BY APPLICATION, UNITS (2014-2019)
TABLE 21 INDIA EVSE MARKET, BY APPLICATION, UNITS (2020-2025)
TABLE 22 INDIA EVSE MARKET, BY APPLICATION, $’000 (2014-2019)
TABLE 23 INDIA EVSE MARKET, BY APPLICATION, $’000 (2020-2025)
TABLE 24 INDIA EVSE MARKET, BY REGION, UNITS (2014-2019)
TABLE 25 INDIA EVSE MARKET, BY REGION, UNITS (2020-2025)
TABLE 26 INDIA EVSE MARKET, BY REGION, $’000 (2014-2019)
TABLE 27 INDIA EVSE MARKET, BY REGION, $’000 (2020-2025)
TABLE 28 KEY MARKET PLAYERS AND THEIR OFFERINGS
TABLE 29 COMPETITIVE BENCHMARKING OF KEY PLAYERS (2019)
TABLE 30 ABB LTD. - AT A GLANCE
TABLE 32 ABB LTD. - KEY FINANCIAL SUMMARY
TABLE 33 SCHNEIDER ELECTRIC SE - AT A GLANCE
TABLE 34 SCHNEIDER ELECTRIC SE - KEY FINANCIAL SUMMARY
TABLE 35 DELTA ELECTRONICS INC. - AT A GLANCE
TABLE 36 DELTA ELECTRONICS INC. - KEY FINANCIAL SUMMARY
TABLE 37 MAGENTA POWER PVT. LTD. - AT A GLANCE
TABLE 38 TATA POWER CO. LTD. - AT A GLANCE
TABLE 39 TATA POWER CO. LTD. - KEY FINANCIAL SUMMARY
TABLE 40 EXICOM TELE-SYSTEMS LTD. - AT A GLANCE
TABLE 41 ATHER ENRGY PVT. LTD. - AT A GLANCE
TABLE 42 BHARAT HEAVY ELECTRICALS LTD. - AT A GLANCE
TABLE 43 BHARAT HEAVY ELECTRICALS LTD. - KEY FINANCIAL SUMMARY
TABLE 44 ANI TECHNOLOGIES PVT. LTD. - AT A GLANCE
TABLE 45 EV MOTORS INDIA PVT. LTD. - AT A GLANCEList of Figures
FIG 1 RESEARCH SCOPE
FIG 2 RESEARCH METHODOLOGY
FIG 3 BREAKDOWN OF PRIMARY RESEARCH BY INDUSTRY PARTICIPANT
FIG 4 BREAKDOWN OF PRIMARY RESEARCH BY REGION
FIG 5 BREAKDOWN OF PRIMARY RESEARCH BY COMPANY TYPE
FIG 6 DATA TRIANGULATION APPROACH
FIG 7 INDIA EVSE MARKET SUMMARY
FIG 8 VALUE CHAIN ANALYSIS OF INDIA EVSE MARKET
FIG 1 CAPEX OF AN EVSE SETUP (2018)
FIG 2 BARGAINING POWER OF BUYERS
FIG 3 BARGAINING POWER OF SUPPLIERS
FIG 4 INTENSITY OF RIVALRY
FIG 5 THREAT OF NEW ENTRANTS
FIG 6 THREAT OF SUBSTITUTES
FIG 7 INDIA EVSE MARKET SNAPSHOT
FIG 8 INDIA EVSE MARKET, BY TYPE, UNITS (2014-2025)
FIG 9 INDIA AC CHARGING STATION MARKET, BY TYPE, UNITS (2014-2025)
FIG 10 INDIA EVSE MARKET, BY APPLICATION, UNITS (2014-2025)
FIG 11 INDIA EVSE MARKET, BY REGION, UNITS (2014-2025)
FIG 12 ABB LTD. - REVENUE SPLIT BY DIVISION AND GEOGRAPHY (2018)
FIG 13 SCHNEIDER ELECTRIC SE - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2018)
FIG 14 DELTA ELECTRONICS INC. - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2018)
FIG 15 TATA POWER CO. LTD. - REVENUE SPLIT BY SEGMENT (2019)
FIG 16 BHARAT HEAVY ELECTRICALS LTD. - REVENUE SPLIT BY SEGMENT & GEOGRAPHY (2018)
Companies Mentioned
- ABB Ltd.
- Schneider Electric SE
- Delta Electronics Inc.
- Magenta Power Pvt. Ltd.
- Tata Power Co. Ltd.
- Exicom Tele-Systems Ltd.
- Ather Energy Pvt. Ltd.
- Bharat Heavy Electricals Ltd.
- ANI Technologies Pvt. Ltd. (Ola)
- EV Motors India Pvt. Ltd.
Methodology
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