Charging as a Service Market Size, Share & Analysis

The research study involved extensive use of secondary sources such as company annual reports/presentations, industry association publications, magazine articles, directories, technical handbooks, World Economic Outlook, trade websites, technical articles, and databases to identify and collect information on the charging as a service market. In-depth interviews were conducted with various primary sources—experts from related industries, automobile OEMs, CPMs, CPOs, and service providers—to obtain and verify critical information, as well as assess the growth prospects and market estimations.

Secondary Research

Secondary research has identified key players in the charging as a service market. Primary research interviews have been conducted with key opinion leaders in the automotive industry, such as CEOs, directors, industry experts, and other executives, to validate revenues. The size of the market, in terms of value for various regions, was derived using forecasting techniques based on the demand for charging as a service and market trends.

Primary Research

Extensive primary research was conducted after understanding the scenario of the Charging as a service through secondary research. Several primary interviews were conducted with market experts from both the demand (charging point operators) and supply (charging point manufacturers, fleet operators, and other utility providers) across three major regions: North America, Europe and Asia Pacific. Approximately 52% and 48% of primary interviews were conducted from the demand and supply sides. Primary data was collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, various departments within organizations, such as sales, operations, and administration, were covered to provide a holistic viewpoint in this report.

After interacting with industry experts, brief sessions with highly experienced independent consultants were also conducted to reinforce the findings from primaries. This and the in-house subject-matter experts’ opinions led to the findings described in the remainder of this report.

Note 1: Others include sales managers, marketing managers, and product managers.
Note 2: Tier 1 companies’ revenues are more than USD 10 billion; tier 2 companies’ revenues range between USD 1 and 10 billion; and tier 3 companies’ revenues range between USD 500 million and USD 1 billion.
Source: Industry Experts

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Market Size Estimation

The bottom-up and top-down approaches were used to estimate and validate the size of the global charging as a service market. In these approaches, the vehicle production statistics for each charger type and end use were considered. The bottom-up and top-down approaches were used to estimate and validate the size of the global market. In these approaches, EV charging station cost statistics at a country level were considered:

Charging as a Service Market : Top-Down and Bottom-Up Approach

Data Triangulation

After arriving at the overall market size of the global market through the above-mentioned methodology, this market was split into several segments and subsegments. The data triangulation and market breakdown procedure were employed to complete the overall market engineering process and arrive at the exact market value data for the key segments and subsegments, wherever applicable. The extrapolated market data was triangulated by studying various macro indicators and regional trends from both the demand- and supply-side participants.

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