The global commercial charging market for plug-in EVs (PEVs) has grown steadily over the past six years, driven by market pull from the growing number of PEVs on the roads in major automotive markets like North America and Europe, but also to a great degree by market push from governments, automakers, and utilities.
In today’s market, successful companies are differentiating themselves from the competition through continued innovation in products and services and by establishing a market strategy that offers diverse revenue opportunities.
According to a new Leaderboard report from Navigant Research, in terms of strategy and execution, The New Motion, ChargePoint, and EV-Box rank as the leading companies offering public charging networks and EV charging services.
“As one of the most aggressive countries for encouraging and adopting PEVs, the Netherlands has also produced The New Motion and EV-Box, which both offer significant EV charger deployments across Europe, have a diversity of solution offerings for multiple customer segments, promote interoperability, and are successfully expanding into new markets,” says Lisa Jerram, principal research analyst with Navigant Research. “In North America, ChargePoint leverages the strength of its extensive charger installation base, diverse offerings, partnerships, and the ability to anticipate and adapt to the evolving EV charging market environment.”
Sander van der Veen, The New Motion UK Country Manager, commented: “We’re very excited to be named by Navigant Research as the global leader in EV charging. It’s a huge accolade for us to be recognised as being at the forefront of the EV charging revolution. We’ve had a very exciting year, growing throughout Europe as well as continuously improving and expanding our product offering. We’re so pleased to see the market respond well to what we do and we have even more ambitious plans for 2017.”
Over the past two years, the landscape of commercial charging market players has shifted significantly, with several large power distribution and electronics companies dropping out and several niche companies exiting the market or being acquired.
According to the report, the next few years will bring additional transition, and companies looking to remain viable must be willing to adapt their business models, enable roaming access to other charging networks, establish relationships with automakers and utilities, and innovate technology offerings to meet the growing power demands from PEVs.[source: Navigant Research]