Leaders have activities across the value chain, are operating in multiple major global markets, and have significant sales or backing
BOULDER, Colo., Oct. 26, 2023 /PRNewswire/ — A new report from Guidehouse Insights assesses the competitive landscape for leading providers of EV networking platforms.
Plug-in EV sales continue to grow, increasing market share in every global market. Guidehouse Insights’ EV Charging Technologies Database 2Q231 projects that more than 400 million EVs will be in use by 2032 along with 325 million charge points to support this fleet. This demand has increased the opportunity for charge point networking platforms. With this shift to electrification comes the formidable challenge of building a charging infrastructure to support these vehicles. According to Guidehouse Insights, ChargePoint is the leading EV networking vendor.
“As EV adoption increases, so does the need for charging infrastructure in residences, workplaces, fleet depots, local destinations, retail fueling sites, and elsewhere,” says Michael Austin, senior research analyst with Guidehouse Insights. “Networking platforms connect and coordinate the needs of EV drivers, fleet managers, charge point site hosts and operators, and grid operators.”
The need for these networking platforms also grows with different motivations depending on the location. Residential charging is primarily driven by vehicle-to-grid integration applications such as managed charging. Destination and retail fueling charge points must manage payment, load balancing, and remote diagnostics. Fleet depots must integrate load balancing with vehicle duty cycles along with electricity costs and availability. All of these needs are expected to drive greater reliance on networking solutions, according to the report.
The report, Guidehouse Insights Leaderboard: EV Charger Networking Companies, offers an evaluation of 18 leading providers of EV networking platforms and using eight criteria, makes a robust comparison of their Strategy and Execution in developing, marketing, and selling their solutions. An executive summary of the report is available for free download on the Guidehouse Insights website.
About Guidehouse Insights
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today’s rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.
About Guidehouse
Guidehouse is a leading global provider of consulting services to the public sector and commercial markets, with broad capabilities in management, technology, and risk consulting. By combining our public and private sector expertise, we help clients address their most complex challenges and navigate significant regulatory pressures focusing on transformational change, business resiliency, and technology-driven innovation. Across a range of advisory, consulting, outsourcing, and digital services, we create scalable, innovative solutions that help our clients outwit complexity and position them for future growth and success. The company has over 16,500 professionals in over 55 locations globally. Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies. For more information, please visit www.guidehouse.com.
* The information contained in this press release concerning the report, Guidehouse Insights Leaderboard: EV Charger Networking Companies, is a summary and reflects the current expectations of Guidehouse Insights 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 Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.
For more information, contact:
Cecile Fradkin for Guidehouse Insights
+1.646.941.9139
cfradkin@scprgroup.com
SOURCE Guidehouse Insights
