World electric vehicle charging station construction

According to a research report released by Technavio, an authoritative foreign market research institution, by 2020, the number of global electric vehicle charging station installations will reach 20.42 million, with a compound annual growth rate of more than 29%.

In this "Global Electric Vehicle Charging Station Market Report 2016-2020", Technavio conducts in-depth research on market demand and demand forecasting between different regions starting from three types of AC charging stations, DC charging stations and wireless charging stations.

AC charging stations dominate. According to the report, in 2015, AC charging station market dominated the charging station market, with a market share of 88.3%. Even if this data declines with the rise of DC charging stations and wireless charging stations by 2020, AC charging stations will still maintain their dominant position. It is estimated that by 2020, there will be approximately 17.56 million installed AC charging stations worldwide, with a compound annual growth rate of 28.69%.

In addition, electric passenger cars, which account for more than 80% of total sales of electric vehicles, will become the most important end-use market for AC charging stations. Although AC charging stations take longer to charge, AC charging stations can extend battery life while reducing the impact on the grid during peak periods.

Technavio senior analyst Siddharth Jaiswal said, "By 2020, electric passenger cars will enter the mass production stage with the rise of electric vehicles, especially plug-in electric vehicles and battery electric vehicles, which will also make AC charging infrastructure rapidly. It is gaining popularity in places such as homes, parking lots, and commercial buildings. "

Technavio predicts that by 2020, the compound annual growth rate of DC charging stations will show rapid growth, with an expected annual compound growth rate of 34.53%.

By 2020, the number of global DC charging stations installed will reach 2.13 million. Increasing demand for fast charging infrastructure is the main reason for the rapid growth of DC charging station installations.

Mileage is one of the most worrying issues for current electric vehicle owners, and DC fast charging stations can achieve high-voltage fast charging. An electric vehicle can be fully charged in as little as 20 minutes.

Therefore, DC charging stations will become more and more popular.

In addition to regulatory agencies, many electric vehicle manufacturers have also begun to develop public fast charging facilities to increase the competitiveness of electric vehicles.

For example, Nissan and BMW installed public fast-charging facilities in 120 regions in 19 states in the United States to drive sales of the Leaf and i3 series.

In 2015, the global electric vehicle wireless charging station market share reached only 3.1%. At present, the wireless charging station is still in its infancy, but its popularity is expected to gradually increase in the future. The wireless charging station is characterized by high charging efficiency, low power loss, light weight, and even direct charging while driving.

Siddharth said, "Significant advantages and continuous innovation can enable wireless charging technology to continue to gain popularity in the future. In the future, wireless charging technology can not only charge cars, but also return power to the grid, which will help stabilize the use of electricity. At the same time, compared to other charging stations, wireless charging stations do not have to manually fix electric vehicle installation equipment, so they are safer, which will further promote the popularity of wireless electric vehicle charging stations.