DUBLIN--(BUSINESS WIRE )--The "India EV Charging Equipment Market Outlook to FY'2026 - Driven by Increasing Adoption of Electric Vehicles Along With Implementation of Fame II Policy by Government" report has been added to ResearchAndMarkets.com's offering.
India EV Charging Equipment Market Outlook to FY'2026 provides a comprehensive analysis of the potential of Electric Vehicle Charging Equipment industry in India.
The report covers various aspects including the current EV Scenario and charging infrastructure status in India, revenue generated from EV Charging equipment, its segmentations viz Type of Charger - Fast (DC) vs. Slow (AC), Type of Charging Stations, Application (4W vs. 3W vs. 2W), Geographic Distribution, Distribution Channel and By Organized and Unorganized Sector, major trends and development, issues and challenges, government regulations and product analysis.
The report concludes with market projections for future of the industry including forecasted industry size by revenue along with analyst recommendations and key market opportunities.
India Electric Vehicle Charging Equipment Market
India, the world's 6th largest economy by nominal GDP and the 3rd largest by PPP, is characterized as a middle-income developing market economy. 2- and 3- Wheelers that account for close to 50% share dominate the Indian urban mobility modal share. EVs are slowly gaining traction with less than 2% of vehicles deployed as EVs in India.
The charging infrastructure in India is currently quite under-developed with as many as 26 EVs per charger available in the country, compared to only 8 in China and 17 in the US. There are ~300 community charging stations in India, of which 22 were fast-charging points in 202.
However, India EV Charging Equipment Market gained significant momentum after the implementation of FAME India scheme. The Department of Heavy Industry (DHI) also planned to incentivize 1,000+ charging stations with 6,000+ chargers, which is the major growth driver for the market.
Lack of Space, Infrastructure and Manpower for Setting-Up along with High Initial Cost of Charging Equipment and Installation are the major challenges in India EV Charging Equipment Market.
India Electric Vehicle Charging Equipment Market Competition
The market is highly fragmented with presence of major private and public entities setting up charging infrastructure in various potential locations across India. Different types of EV Chargers are available in the Indian Market comprising of Type 1, Type 2, AC and DC, unidirectional and bidirectional charging catering to e4W, e3W as well as e2W.
While EESL stands out in the race, owing to its bagging of all the major contracts under FAME I scheme and being a public entity, other companies such as ABB, Fortum, Aeidth, EESL, Ather Energy, Volttic, Charge+Zone are also the key players in the market. To be price competitive and reduce the risk that comes from the mere sale of energy, CPOs may need to explore partnerships and adjacent offerings.
India Electric Vehicle Charging Equipment Market Future Outlook and Projections
India EV Charging Equipment Market is expected to generate substantial revenues owing to increase in market penetration of EVs and surge in government initiatives for development of EV charging infrastructure. With the right government policies, a local supply chain, lower battery prices and widespread charging infrastructure, the EV market could contribute $6.4 Bn in next 5 years.
eRickshaws, eAutos, and e2Ws are the most promising segments for electrification in India and are expected to account for more than 4 million units by 2025. Further, limited number of EV charging stations, lack of standardization of EV charging, rise in demand for luxury and feature enabled vehicles, and wireless charging for EVs to have strong impact on the market.
India Electric Vehicle Charging Equipment Market Segmentation
Time Period Captured in the Report
2. Indian Electric Vehicle Market Growth Opportunities
3. Overview of India EV Charging Equipment Market
4. India EV Charging Equipment Market Segmentation
5. Overview of Charge Point Operators in India
6. Product Landscape of EV Chargers in India
7. Government Initiatives and Regulations in India EV Charging Equipment Market
8. India EV Charging Equipment Market Industry Analysis
9. Outlook and Future Projections for India EV Charging Equipment Market
10. Market Opportunity and Analyst Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/ds4rac
ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900