electric/hybrid

Services for EV charging stations to generate $709 million in 2024

A new report from Navigant Research finds that over the next decade, government efforts to support electric vehicles (EVs) are expected to support millions of connected charging stations.
Services for EV charging stations to generate $709 million in 2024

The report Communications Technologies for EV Charging Networks analyses the market for plug-in electric vehicles (PEVs) and electric vehicle supply equipment (EVSE) infrastructure and associated communications equipment and services, presenting global market forecasts through 2024. It finds that global communications equipment and services associated with electric vehicle (EV) charging networks is expected to generate revenue of just over $62.8 million in 2015, growing to more than $709.7 million in 2024.

“Increasingly, car charging stations, whether public, at work, or for private fleets, are expected to be connected by communications technologies - typically some combination of cellular and near-area connectivity solutions like radio frequency identification (RFID) and Wi-Fi” says the report.

Connectivity enables remote control of the charging points as well as enabling the potential for utility-driven demand response capabilities. This in turn adds another element to the burgeoning Internet of Energy, according to Navigant Research principal research analyst Richelle Elberg.

“Increasingly, car charging stations, whether public, at work, or for private fleets, are expected to be connected by communications technologies - typically some combination of cellular and near-area connectivity solutions like radio frequency identification (RFID) and Wi-Fi.”

The report finds that cellular is now the de facto standard for wide area network (WAN) connectivity, while the ZigBee standard for near area networks (NANs) has lost momentum, due in part to high costs and its lack of Internet Protocol (IP) compatibility. RFID access is typically used so that consumers can connect to public charging networks, though mobile/smartphone applications are also gaining traction. It also examines the outlook for PEV and EVSE infrastructure and associated communications equipment and services, outlining regional considerations and describing the connectivity requirements for four segments of charging sites: residential, workplace, public, and private/fleet.

An Executive Summary of the report is available for free download on the Navigant Research website.

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Navigant Research

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