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Strategic Analysis of the Electric Vehicle Charging Infrastructure in South Korea

  • September 2014
  • -
  • Frost & Sullivan
  • -
  • 89 pages

Summary

Table of Contents

Number of Charging Stations to Reach 90,000 by 2020

The electric vehicle charging infrastructure in South Korea is expected to grow considerably, encouraged by government funding and incentives but high costs of installation and new technology weaken the value proposition. Moreover, the business models of hardware manufacturers and service providers have not yet been defined, as the EV market is in a nascent stage. This study is a strategic analysis of the EV charging infrastructure market in South Korea during 2013–2020. It focuses on standards and regulations, market overview, challenges, drivers and restraints, forecasts and trends, test site of EV and ICT collaboration, business model analysis, test certification for EV charging system, and strategic conclusions and future outlook.

Research Aims and Objectives

Aim
The objective of this research is to analyze the current status and the future outlook of electric vehicle (EV) charging infrastructure in South Korean market. The study also analyses the impact of EVs on the total charging infrastructure market.

Objectives
-To provide a strategic overview of the South Korean electric vehicles charging infrastructure market, including key technology trends, market drivers, restraints, and challenges.
-To provide market size and forecasts of different types of charging stations, which include conductive charging and inductive charging.
-To provide the cost analysis for the installation of various modes of charging stations.
-To discuss the electric vehicle charging ecosystem and the requirements of a smart charging station that will be essential for the future.
-To provide breakdown of the market forecasts by type, and location of the charging station.
-To provide competitor analysis; analyse competitive factors, competitor market shares, and product portfolio analysis, and capabilities.
-To provide business a case scenario; analysis of different types of business models adopted and business cases.
-To provide competitor profiles of active participants in the market with their available product portfolio.
-To highlight key market opportunities.

Key Questions this Study will Answer
What type, connector, and mode of charging will be widely used in the future?
What are the expected numbers of installations of charging stations by 2020?
What are the drivers, restraints, and challenges of the electric vehicle charging infrastructure market?
What are the various business models expected to be used in the future?
What is the business environment of the electric vehicle charging infrastructure market, the dynamics, and its impact?
What will be the market breakdown by location of charging, type, mode, and area by 2020?
Total EV Charging Infrastructure Market: Key Questions This Study Will Answer, South Korea, 2013

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