EV Charging Stations to Reach 7.7 Million Units Globally by 2017

The electric infrastructure sees a significant growth as electric vehicles are increasing numbers each month. A new study from Pike Research revealed the fact the by 2017 more than 1.5 million locations to charge vehicles will be available in US, with a total of 7.7 million global locations. The clear car market research intelligence company forecasts that increasing demand for charge points will be driven in part by a fast decline in electric vehicle supply equipment (EVSE) prices. This will also determine electric car manufacturers to adapt their business models as volumes continue to increase.

"Basic electric vehicle supply equipment will quickly become a commodity. EVSE prices will fall by 37% through 2017 as costs are driven lower by competition from large electronics companies as well as volume production. In the face of this trend, manufacturers will integrate their equipment with external storage units, home energy management systems, and smart grid equipment to add value and increase their revenue," senior analyst John Gartner.

The study further reveals that emerging categories such as direct current (DC) and wireless charging equipment will become an important part of the EV charging station market during the next six years. The company expects that direct current charging stations will reach 115,000 units and wireless charging equipment will add up to 150,000 units installed by 2017.

Pike Peasearch’s study “Electric Vehicle Charging Equipment,” supervises the growing of the world wide market for electric vehicle charging equipment and provides market analysis and forecasts for home appliance, workplace, public, and private charging points.