Heavy EVs and Industrial Equipment Charging Market Size, Share, Key Players, Growth Trend, and Forecast, 2021–2028

The increasing use of electric vehicles for public and goods transportation is a significant factor driving revenue growth in the global heavy EVs and industrial equipment charging market.

According to Emergen Research, the global heavy EVs and industrial equipment charging market is expected to reach USD 10.95 billion by 2028, with a revenue CAGR of 12.9%. Steady heavy EVs and industrial equipment charging market revenue growth can be attributed to increased government initiatives worldwide to reduce pollution. Governments around the world are investing heavily in EV charging infrastructure to provide opportunities for OEMs to expand their business and revenues.

Heavy electric vehicle and industrial equipment charging markets are expected to remain the largest regional markets throughout the forecast period in North America and Europe. With the steady growth of the heavy electric vehicle and industrial equipment charging markets in developing regions, participants in these markets are diversifying and strengthening their production and distribution bases around the world.

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Heavy EVs and Industrial Equipment Charging Market Competitive Terrain:

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

Heavy EVs and Industrial Equipment Charging Market Segmentation:

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


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