EVCI Software Technology Regional Growth and Key Factors Driving the Success of Smart Chargers

by May 3, 2024

The market for EVCI software technology is expanding significantly on a global scale. In Asia, particularly China, they’re leading the way with these smart charging solutions for homes, workplaces, and even along highways. In Europe, they’re looking at ways to make charging stations work smarter, using less energy and even relying on cleaner sources like solar power. This could mean lower charging costs for drivers and a greener future for everyone. Various software companies are using special software to predict where charging stations are needed most. This helps them build a network of stations that’s both efficient and fair, making it easier for everyone to find a place to charge their electric car. Even governments in the Americas are using this technology to plan for the future of electric transportation.

Charge Points’ Software Progression

Analysis of Software Features in Charge Points Worldwide for 2023 vs. 2030

  • User Authentication is the most dominant feature, prevalent in majority of the charge points, where as V2G is an emerging technology with few projects now. V2G is expected to increase in the longer run to regulate the grid constraints as soon as the grids are stable enough to cater with this emerging technology.
  • Demand Response feature is another feature that is expected to flourish in future and enable the chargers to be ready pre-hand for any uncertain dynamics.
  • Load management, Remote management and Application Programming Interfaces (APIs) are other features present in decent abundance amongst the charge points.

Software Market Revenue

Software Market Revenue Amongst Defined Applications in 2023

Key Development Factors 

Dominance of Features and Factors Transitioning Towards Smart Chargers

 

The market for smart electric vehicle chargers is expected to grow significantly in the next decade. This is due to the increasing popularity of electric vehicles and the need for more efficient and intelligent charging solutions. Smart chargers offer advantages over traditional chargers, including real-time monitoring, remote accessibility, and integrated payment systems.

 

The software market for smart EV chargers is also expected to grow significantly. This is due to the fact that smart chargers require a lot of software to function. The UK is one of the first countries to mandate the exclusive deployment of smart chargers.
Smart chargers are becoming increasingly popular in destination locations, such as businesses and public places. This is because these locations can benefit from the advanced software features that smart chargers offer, such as mobile app integration, optimized scheduling, and flexible payments.
Workplace and route locations, such as highways and gas stations, are also expected to see an increase in the use of smart chargers. This is because these locations can benefit from the advanced software features that smart chargers offer, such as load management and remote management.
In the future, we can expect to see more smart chargers being installed in homes. This is because smart chargers offer a number of advantages over traditional chargers, such as demand response and load management. Vehicle-to-Grid (V2G) and Vehicle-to-Home (V2H) smart EV chargers allow electric vehicles to be used as mobile energy storage units. This means that electric vehicles can be used to power homes during peak demand or outages.
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EV Charging Infrastructure Service Overview

 

The research presented in this article is from PTR's EV Charging Infrastructure market research. For information about this service please submit a request shown below.

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