The global heavy EVs and industrial equipment charging market size is expected to reach USD 10.95 Billion at a revenue CAGR of 12.9% in 2028, according to latest analysis by Emergen Research. Steady heavy EVs and industrial equipment charging market revenue growth can be attributed to increasing initiatives by governments worldwide to curb environmental pollution. Governments across the globe are investing substantially in Electric Vehicle (EV) charging infrastructure to create opportunities for OEMs to expand their business and revenues.

Moreover, the report specializes in the exhaustive analysis of the macro-economic and micro-economic factors accountable for the global Heavy EVs and Industrial Equipment Charging market development in the forthcoming years. It focuses on the regulatory framework shaping the future of the market. New and existing pricing structures, emerging application areas, and upcoming investment opportunities have also been detailed in the report. Considering the existing market developmental factors, historical events, and the ongoing market trends, the report offers a balanced opinion on the future scenario of the global Heavy EVs and Industrial Equipment Charging market. The report further studies the projected growth-influencing factors of the market.

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Key companies profiled in the report include:

Delta Energy Systems, ElectReon, WAVE Inc., BP Chargemaster, WiTricity Corporation, Momentum Dynamics, Greenlots, Robert Bosch GmbH, Siemens AG, and ABB Ltd.

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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Key Questions Answered by the Report:

Which region is expected to dominate the market in the coming years?

What are the recent technological and product advancements occurring in the market?

What are the key strategies adopted by the prominent players in the Heavy EVs and Industrial Equipment Charging market?

What are the key product types and applications of the Heavy EVs and Industrial Equipment Charging industry?

Rising emphasis on cost-efficient productivity and efficiency is driving demand for Industry 4.0, which in turn is propelling heavy EVs and industrial equipment charging market revenue growth. With the advent of Industry 4.0, several industries are experiencing enhanced efficiency, increased output, personalized offerings, lower-cost benefits, and novel business model development. 

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