MEGAWATT CHARGING SYSTEM MARKET

KEY FINDINGS

• The final documentation for Megawatt Charging System (MCS) from CharIN is expected to be completed by 2024, post which the heavy-duty trucks will be able to access the Megawatt Charging Networks
• The SAE has developed standards for electric vehicle charging, including the SAE J1772 for AC charging and the SAE J1772 Combo (also known as CCS) for DC fast charging. These standards cover various power levels, including those applicable to Megawatt charging systems.
• Global Megawatt Charging System Market is dominated by major players like ABB, Cavotec, Heliox, Nxu and Tesla. These top 5 companies are expected to grow in the coming years and these four megawatt charging system manufacturers will be the market leaders of upcoming years.
• ABB is one of the leading manufacturers of Megawatt Charging system in the market. It has brought in the latest Megawatt Charging technology integrated with many OEMs.
• The MCS adheres to international charging standards and protocols, ensuring interoperability with various electric vehicle models and charging infrastructure. This standardized approach promotes seamless integration into existing and future electric vehicle fleets.
• The modular design of the MCS allows for scalability and future expansion, accommodating the increasing demand for high-power charging in the rapidly evolving electric mobility landscape.

 INTRODUCTION TOMEGAWATT CHARGING SYSTEM MARKET

A site-based external service transformer can be eliminated by directly integrating the medium voltage transformer into the charging system. Significant cost reductions and a lower system footprint are produced through remote dispensers, dynamic power sharing, and medium voltage alternatives.

Together with Proterra's ten years of experience installing charging stations, the infrastructure has played a part in the scale of their zero emission fleets. This makes a recommendation for the best fleet charging solution, one that is suited for the needs of the customer in terms of usability, physical footprint, power, or cost.

MEGAWATT CHARGING SYSTEM MARKET DEVELOPMENTS AND INNOVATIONS

The governments of several nations are taking steps to encourage the usage of electric vehicles in order to achieve fuel consumption limits and lower greenhouse gas emissions. For instance, in order to improve collaboration and ensure a seamless transition in the automotive industry, the Japanese government established a strategy for electric vehicles in August 2018.

Due to the recent increase in the price of gasoline and diesel, there is a greater demand for fuel-efficient automobiles. The depletion of fossil fuel reserves and the rising propensity of businesses to maximise profit from these oil reserves are to blame for this. These factors so increase the demand for electrically powered vehicles for transportation, which is thus expected to fuel the market for electric vehicle charging systems.

MEGAWATT CHARGING SYSTEM MARKET SEGMENTATION

By Geography

• US
• Europe
• China
• Asia Ex-China
• ROW

By Application

• Commercial Vehicles
• Electric Aircraft
• Marine

By  Component

• Outer Casing
• Power Electronics
• Cables, Sockets & Others

MEGAWATT CHARGING SYSTEM MARKETCOMPETITIVE LANDSCAPE

Just a tiny portion of the workforce was permitted to work in the factories as a result of the broad outbreak of the new coronavirus, which caused a dramatic decline in non-essential item imports and exports. The tight pandemic laws also had an impact on system testing.Due to these, there was a significant supply-demand gap for goods and services associated with electric vehicle charging systems. However, certain nations, like Canada, Japan, and other places, saw a fall in revenue as the demand for new cars and their manufacturing.

CharIN is a leading mobiliser of the equipment in the market. The latest integration has been the Task Force “Megawatt Charging System (MCS)” is developing the comprehensive system approach based on the Combined Charging System CCS. The CharIN Megawatt Charging System (MCS) Task Force, ensuring that all points of view are taken into account, represents the Heavy Duty Vehicles industrial segment. It contributes to the development of an efficient method for charging their heavy-duty electric cars.

ABB is part of the component manufacture trending companies in the current industry. A brand-new standard called the MegaWatt Charging System (MCS) is now being developed with large electric vehicles including trucks, buses, municipal vehicles, and commercial vehicles in mind. The system is capable of generating up to one thousand kilowatts of DC electricity. This, according to Lilin, will offer its aircraft a rapid 0-80% charge in about 15 minutes or a full 0-100% charge in about 30 minutes.This is in addition to the estimated 155 mile (250 km) range and cruise speed of the seven-seat air taxi.

MEGAWATT CHARGING SYSTEM MARKETCOMPANIES PROFILED

• BorgWarner Inc.
• Delta Electronics, Inc.
• Eaton Corporation Plc
• General Electric Company
• Moser Services Group, Llc
• Plugless Power Inc.
• Robert Bosch Gmbh
• Schneider Electric
• Siemens Ag
• Tesla
• Alstom SA
• Autoliv Inc.
• ABB
• CharIN