Market research forecasts are almost never correct, but decent ones do give a good sense for how things are likely to change in various industries. I’ve found that Pike Research does a pretty good job of conducting cleantech market research reports. Its latest is on the growth of electric vehicle (EV) charging stations around the world.
Of course, the first generation of modern, mass-market electric vehicles (if you don’t count the aborted generation from a couple decades ago) just started rolling off the assembly lines in the past few years. In the past year or so, there has been a big increase in the number of companies working on or even already selling electric vehicles. And most projections indicate that we are just getting started.
My bet is that EVs will boom substantially in the coming decade. With that growth, of course, comes growth in related components… such as EV charging stations.
Pike Research projects that electric vehicle supply equipment (EVSE) will increase from under 200,000 in 2012 to almost 2.4 million in 2020 — big jump.
Furthermore: “By 2020, the study concludes, 11.4 million EV charging stations will be in operation worldwide.”