The competitive landscape of hardware suppliers is expected to continue to be highly diverse as new approaches to EV infrastructure come forward
BOULDER, Colo.–(BUSINESS WIRE)–#ClimateChange–A new Leaderboard Report from Guidehouse Insights examines the strategy and execution of 15 companies offering solutions to the global electric vehicle (EV) charging market, with ChargePoint ranked as the top market player.
Climate change and local air quality concerns alongside a decades-long decline in battery costs are driving the automotive market toward EVs. The trend requires a new energy infrastructure system in which stakeholders—governments automakers, and electricity distributors and retailers—are heavily investing. Click to tweet: According to a new Leaderboard report from @WeAreGHInsights, ChargePoint is the leading EV charging hardware supplier.
“ChargePoint has activities across the value chain and is known for its innovative business models and technologies,” says Scott Shepard, senior research analyst with Guidehouse Insights. “Companies that have wide portfolios and are competing across the value chain, such as Enel X, EVBox, and NewMotion, are close behind, and the future competitive landscape of hardware suppliers is likely to continue to be highly diverse as new approaches to EV infrastructure come forward.”
According to the report, the competitive positioning of companies is likely to change hands many times, making it difficult for any company to maintain leadership without keenly monitoring market conditions for new solutions and investing in them. Innovations within and outside of the vehicle are likely to keep the market in a continued state of maturation for years, creating opportunities for startups and established companies alike to secure substantial footprints.
The report, Guidehouse Insights Leaderboard: EV Charging Hardware Suppliers, examines the strategy and execution of 15 companies providing solutions for homeowners, commercial property owners, fleets, and public charge point operators, among others. The companies are rated on 10 criteria: differentiation; go-to-market; partners; investments; geographic reach; sales; portfolio; marketing; innovation; and staying power. Using Guidehouse Insights’ proprietary Leaderboard methodology, vendors are profiled, rated, and ranked with the goal of providing industry participants with an objective assessment of these companies’ relative strengths and weaknesses in the current global EV charging hardware market. 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.
Guidehouse is a leading global provider of consulting services to the public and commercial markets with broad capabilities in management, technology, and risk consulting. We help clients address their toughest challenges with a focus on markets and clients facing transformational change, technology-driven innovation and significant regulatory pressure. Across a range of advisory, consulting, outsourcing, and technology/analytics services, we help clients create scalable, innovative solutions that prepare them for future growth and success. Headquartered in Washington DC, the company has more than 7,000 professionals in more than 50 locations. Guidehouse is 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 Charging Hardware Suppliers, 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.