The report sheds light on the minute details of the Heavy EVs and Industrial Equipment Charging industry pertaining to growth factors, opportunities and lucrative business prospects, regions showing promising growth, and forecast estimation till 2028. The report assesses the historical data and current scenario to offer accurate estimations of the Heavy EVs and Industrial Equipment Charging market in the coming years. The report values the Heavy EVs and Industrial Equipment Charging market at USD 10.95 Billion by the year 2028, growing steadily at a CAGR of 12.9%.
The report on the Global Heavy EVs and Industrial Equipment Charging Market studies the Heavy EVs and Industrial Equipment Charging market to offer accurate revenue estimations. The Heavy EVs and Industrial Equipment Charging market is poised to achieve a valuation of USD XX billion by 2028, from its valuation of USD 10.95 billion in 2019, registering a CAGR of 12.9%. The report also sheds light on the various factors affecting the growth of the market.
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The report also discusses key players involved in the market, such as Delta Energy Systems, ElectReon, WAVE Inc., BP Chargemaster, WiTricity Corporation, Momentum Dynamics, Greenlots, Robert Bosch GmbH, Siemens AG, and ABB Ltd. others as well as new entrants in the market.
Heavy EVs and Industrial Equipment Charging Market Segmentation
Emergen Research has segmented the global heavy EVs and industrial equipment charging market on the basis of application, technology, end-use, and region:
Application Outlook (Revenue, USD Million; 2018–2028)
Static Power Transfer
Dynamic Power Transfer
Technology Outlook (Revenue, USD Million; 2018–2028)
Inductive Charging
Resonant Inductive Charging
End-Use Outlook (Revenue, USD Million; 2018–2028)
Electric Bus
Automated Guided Vehicles
Heavy Duty Truck
Semi-Trailer Truck
Electric Towing Vehicle
Terminal Tractor
Scissor Lifts
Electric Forklifts
Others
The global Heavy EVs and Industrial Equipment Charging market report covers the analysis of drivers, trends, limitations, restraints, and challenges arising in the Heavy EVs and Industrial Equipment Charging market. The report also discusses the impact of various other market factors affecting the growth of the market across various segments and regions. The report segments the market on the basis of types, applications, and regions to impart a better understanding of the Heavy EVs and Industrial Equipment Charging market.
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Key Questions Answered in the Report:
What will be the estimated growth rate of the Heavy EVs and Industrial Equipment Charging market by 2027?
Who are the prominent distributors, vendors, and manufacturers of the market?
What are the driving and restraining factors of the growth of the Heavy EVs and Industrial Equipment Charging market throughout the forecast period?
What are the current and future market trends of the Heavy EVs and Industrial Equipment Charging market?
What are the sales and price analysis of the product by types, applications, and regions?
What are the expected opportunities for the companies and new entrants in the coming years?
All this is achieved through use of automated equipment, which helps in streamlining processes and providing opportunities for new ideas to implement. Most automated equipment, particularly mobile equipment, require batteries to function, and this is driving demand for industrial equipment charging solutions.
Some Key Highlights from the Report
In August 2021, Concentric, which is a firm engaged in DC power management solutions for critical power and material handling industries, made an announcement about the purchase of STANGCO Industrial Equipment Inc. for providing charging requirement solutions for various industries.
Among the technology segments, inductive charging segment revenue is expected to expand at a significantly rapid rate over forecast period. Inductive or wireless charging technology is garnering substantial traction in EV charging as it allows EVs to be charged wirelessly when in close proximity of charging coils. Likely use cases of this technology are placing inductive charging coils in strategic public sites, such as parking spots or roads, to enable charging of vehicles while moving. This technology is expected to reduce need for charging stations and hence save considerable costs on charging infrastructure.
Among the application segments, dynamic power transfer segment revenue is expected to register a rapid growth rate over forecast period. Dynamic power transfer system provides an uninterrupted power supply for EVs, thereby offering extended driving range for heavy vehicles with reduced battery capacity. Charging EVs on the move allows for substantial reduction in the storage capacity of batteries. Dynamic power transfer systems can be deployed with small segmented coils laid on roads to charge EVs.
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The all-inclusive report on the Global Heavy EVs and Industrial Equipment Charging Market added by Reports and Data demonstrates that the global Heavy EVs and Industrial Equipment Charging market is presumed to grow at a steady CAGR throughout the forecast timeline. The report analyzed the key market drivers, restraints, growth opportunities, investment opportunities, threats, and limitations of the Heavy EVs and Industrial Equipment Charging market. The report also offers accurate forecast estimation at a global and regional level to impart a better understanding of the scope of the market.
Detailed Regional Analysis covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
In conclusion, the report provides a qualitative and quantitative analysis of the Global Heavy EVs and Industrial Equipment Charging market market, including the global and regional analysis of the market. The study covers critical information and factual data about the Heavy EVs and Industrial Equipment Charging market industry, along with an in-depth statistical analysis of the market drivers, limitations, growth prospects, opportunities, and threats. On the basis of the current market scope, the report provides an extensive analysis of how the Heavy EVs and Industrial Equipment Charging market market is expected to fare in the forecast timeline. The report utilizes advanced analytical tools to offer an estimation of the outlook of the global state of the Heavy EVs and Industrial Equipment Charging market industry.
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