Heavy EVs and Industrial Equipment Charging Market Overview, Restraints and Industry Forecast By 2028

The latest research report by Emergen Research, named ‘Global Heavy EVs and Industrial Equipment Charging Market - Forecast to 2028’, entails a comprehensive review of the global Heavy EVs and Industrial Equipment Charging market’s present and future trends. The report gathers viable information on the most established industry players, sales and distribution channels, regional spectrum, estimated market share and size, and revenue estimations over the forecast timeframe. The study is inclusive of a profound analysis of this business sphere focuses on the overall remuneration of the market over the projected period. The study also includes significant information pertinent to the Heavy EVs and Industrial Equipment Charging industry, particularly the current COVID-19 scenario.

The report studies the impact of the COVID-19 pandemic on the Heavy EVs and Industrial Equipment Charging market and its crucial segments. The supply chain disruptions and economic instability have negatively impacted the growth of the market in several key regions. The report offers an in-depth analysis of the market size, market share, and market growth and its estimation through the forecast years on the basis of the COVID-19 crisis. The report examines the recent COVID-19 crisis and its impact on the global market. The report explores the present and future impact of the pandemic and provides an insight into the post-pandemic market scenario.

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The report further sheds light on the emerging growth opportunities, challenges, market threats, limitations, and factors likely to restrict the growth of the Heavy EVs and Industrial Equipment Charging market. The report further discusses in detail the market in international waters and the emerging trends in those regions. It also offers insights into the competitive landscape, market drivers, industrial scenario, and the latest product and technological developments to offer a comprehensive overview of the Heavy EVs and Industrial Equipment Charging market landscape.

Market Overview:

The research report on the Heavy EVs and Industrial Equipment Charging market is formulated through extensive primary and secondary research along with qualitative and quantitative analysis of vital aspects of the market. The insightful data is further validated and verified by the industry professionals. The report strives to offer deeper insights into the overall market scenario of the Heavy EVs and Industrial Equipment Charging business sphere.

Segmental Analysis

The global Heavy EVs and Industrial Equipment Charging market is broadly segmented on the basis of different product types, application range, end-use industries, key regions, and an intensely competitive landscape. This section of the report is solely targeted at readers looking to select the most appropriate and lucrative segments of the Heavy EVs and Industrial Equipment Charging sector in a strategic manner. The segmental analysis also helps companies interested in this sector make optimal business decisions and achieve their desired goals.

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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.

Some major players in the market include Delta Energy Systems, ElectReon, WAVE Inc., BP Chargemaster, WiTricity Corporation, Momentum Dynamics, Greenlots, Robert Bosch GmbH, Siemens AG, and ABB Ltd.

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Key Questions in the Report:

What is the growth rate of the Heavy EVs and Industrial Equipment Charging Market? What is the anticipated market valuation of Heavy EVs and Industrial Equipment Charging Market industry by 2028?

What are the key growth driving and restraining factors of the Heavy EVs and Industrial Equipment Charging Market?

Who are the prominent players operating in the market? What are the key strategies adopted by these companies?

What are the key opportunities and growth prospects of the Heavy EVs and Industrial Equipment Charging Market industry over the forecast period?

Which region is expected to show significant growth in the coming years?

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
Regional Outlook (Revenue, USD Million; 2018–2028)
- North America
  1. S.
  2. Canada
  3. Mexico
- Europe
  1. Germany
  2. K.
  3. France
  4. Italy
  5. Spain
  6. Sweden
  7. BENELUX
  8. Rest of Europe
- Asia Pacific
  1. China
  2. India
  3. Japan
  4. South Korea
  5. Rest of APAC
- Latin America
  1. Brazil
  2. Rest of LATAM
- Middle East Africa
  1. Saudi Arabia
  2. UAE
  3. South Africa
  4. Israel
  5. Rest of MEA