Communications Revenue for EV Charging Network to Top $709M in 2024

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A new report from Navigant Research analyzes the market for plug-in electric vehicles (PEV) and electric vehicle supply equipment (EVSE) infrastructure and associated communications equipment and services, with global market forecasts, through 2024.

Over the next decade, the growing base of PEVs and government efforts to encourage their adoption are expected to support millions of connected charging stations. Connectivity enables remote control of the charging point, as well as the potential for utility-driven demand response capabilities. Click to tweet: According to a new report from Navigant Research, global communications equipment and services associated with electric vehicle (EV) charging networks is expected to generate revenue of just over $62.8 million in 2015, growing to more than $709.7 million in 2024.

“EV charging networks represent another element of the burgeoning Internet of Energy,” says Richelle Elberg, principal research analyst with Navigant Research. “Increasingly, car charging stations, whether public, at work, or for private fleets, are expected to be connected by communications technologies—typically some combination of cellular and near-area connectivity solutions like radio frequency identification (RFID) and Wi-Fi.”

According to the report, cellular is the de facto standard for wide area network (WAN) connectivity, while the ZigBee standard for near area networks (NANs) has lost momentum, due in part to high costs and its lack of Internet Protocol (IP) compatibility. RFID access is typically used so that consumers can connect to public charging networks, though mobile/smartphone applications are also gaining traction.

The report, Communications Technologies for EV Charging Networks, examines the outlook for PEV and electric vehicle supply equipment (EVSE) infrastructure and associated communications equipment and services. The study outlines regional considerations and describes the connectivity requirements for four segments of charging sites: residential, workplace, public, and private/fleet. Global market forecasts for communications equipment and services tied to EVSE infrastructure extend through 2024. The report also examines the major categories of communications technologies employed in EVSE networks, as well as the key vendors, service providers, and utilities active in the EVSE space.