Heavy EVs and Industrial Equipment Charging Market Revenue Growth, Key Factors, Major Companies, Forecast To 2028


Most automated equipment, particularly mobile equipment, require batteries to function, and this is driving demand for industrial equipment charging solutions.

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Emergen and Research has recently published a detailed report on the global Heavy EVs and Industrial Equipment Charging market formulated through extensive primary and secondary research. The report offers in-depth knowledge and analysis of the Heavy EVs and Industrial Equipment Charging market through verified and validated data curated to offer accurate insights. The report also offers a region wise and country wise analysis of the Heavy EVs and Industrial Equipment Charging market and contains a detailed analysis of the key elements influencing the growth of the market in the region. The research study also contains historical, current, and forecast estimations for each sector, segment, sub-segment, and regions.

The report contains extensive analysis of the market in light of the ongoing COVID-19 impact. The pandemic has affected the economic landscape of the world dynamically. The report focuses on the recent trends, major challenges and opportunities, and limitations pertaining to the ongoing pandemic. The report also discusses the present and future impact of the COVID-19 outbreak.

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The report further explores the key business players along with their in-depth profiling, product catalog, and strategic business decisions. The key players studied in the report are  Delta Energy Systems, ElectReon, WAVE Inc., BP Chargemaster, WiTricity Corporation, Momentum Dynamics, Greenlots, Robert Bosch GmbH, Siemens AG, and ABB Ltd.

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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Objectives of the Report:

  • Study of the global Heavy EVs and Industrial Equipment Charging market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)
  • Industrial structure analysis of the Heavy EVs and Industrial Equipment Charging market by identification of various sub-segments
  • Extensive analysis of key market players along with their SWOT analysis
  • Competitive landscape benchmarking
  • Analysis of Heavy EVs and Industrial Equipment Charging market based on growth trends, futuristic outlook, and contribution to the total growth of the market
  • Analysis of drivers, constraints, opportunities, challenges, and risks in the global Heavy EVs and Industrial Equipment Charging market
  • Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances

The report further divides the Heavy EVs and Industrial Equipment Charging market into key segments such as types, applications, end-user industries, technologies, and key regions of the market. The report also sheds light on the segment and region exhibiting promising growth in the Heavy EVs and Industrial Equipment Charging market.

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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On the basis of regional analysis, the market is segmented into the following regions: North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The market is expected to be dominated by North American nations closely followed by European countries. Asia Pacific is expected to show a significant growth owing to recent advancements and rising investments in the RD sector.

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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Thank you for reading our report. The report can be customized based on the regions and countries. Kindly connect with us and our team will ensure the report is best suited to your needs.

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