The electric vehicle charging equipment market is experiencing rapid growth, along with the growing pains that can be expected with any new market. Driven by the full commercialization of the plug-in electric vehicle (PEV) market over the last 18 months, the charging equipment market (more commonly known as the electric vehicle supply equipment, or EVSE, market) has also reached a new stage of maturity.
According to a new Pike Pulse report published by Pike Research, a part of Navigant’s Energy Practice, ChargePoint (formerly Coulomb Technologies) and DBT currently lead the market with high marks for both strategy and execution.
“There has been an influx of new players into the EVSE space, indicating the promise that many companies see in the market,” says senior research analyst Lisa Jerram. “This sector is still very young, however, and a large number of players are competing for a relatively small total market. At this stage, it is not surprising that most of the vendors listed in this Pike Pulse are still ranked as Contenders.”
Both ChargePoint and DBT are ranked as Leaders because they have secured a significant level of market share, operate in a range of critical geographic markets (giving them the opportunity to become truly global leaders), offer a wide range of feature-rich EVSE products, and demonstrate a focus on competing successfully in the next phase of the EVSE market.
The Contenders category includes many large conglomerates that have entered the EVSE space to complement their existing businesses, including Eaton, Efacec, General Electric, Leviton, Schneider Electric, and Siemens. At the same time, a group of smaller, more focused companies, including ECOtality and ClipperCreek, have captured higher market share than the major industrial players, but they will need additional resources to effectively compete if the EVSE market continues its slow growth pattern.
The “Pike Pulse Report: Electric Vehicle Charging Equipment” evaluates 14 of the leading manufacturers of EVSE. Using Pike Research’s proprietary Pike Pulse methodology, vendors are profiled, rated, and ranked with the goal of providing industry participants with an objective assessment of these companies’ relative strengths and weaknesses in the emerging EVSE marketplace. An Executive Summary of the report is available for free download on the Pike Research website.
* The information contained in this press release concerning the “Pike Pulse Report: Electric Vehicle Charging Equipment,” is a summary and reflects Pike Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Pike Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.