锘?!DOCTYPE html> The Charging Service Industry Hasn't Formed a Steady Market Structure in China
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      The Charging Service Industry Hasn't Formed a Steady Market Structure in China

      Source:iResearch October 16,20198:54 AM
      At the early stage, the small revenue was mainly generated by the national team led by State Grid and Potevio, providing services for public transportation.聽
      It is clearly specified in the Guiding Opinions of the General Office of the State Council on Accelerating the Promotion and Application of New Energy Vehicles released in 2014 that China will further relax the control over market access and encourage and support the social capital to participate in the construction and operation of the new energy vehicle charging facilities. In the year, the industry was rejuvenated and attracting various players. The revenue grew over 110% in the year and kept growing rapidly in the following years. Driven by the supply side and the demand side, the ownership of new energy private vehicles increased rapidly and the owners become the major users of the charging services. It鈥檚 expected that the revenue of public charging service market will exceed 15 billion Yuan by the end of 2019 and 20 billion Yuan in 2020.聽

      As of the first half of 2019, there are seven operators which have ten thousand charging piles in China. In the first and second quarter, top five players鈥?market share is stable with a slight decline to 83.9% from 84.5%.聽
      In fact, the charging service industry has not formed the steady market structure at present and there is huge changing room. Beside State Grid which has close connection with resources supply, other enterprises have the advantages in number of constructed charging piles, operated charging piles and established partnership. For the whole charging service industry becomes increasing open, resources enterprises with abundant capital and professional technology, automobile companies, property holding enterprises and internet companies all have the opportunities to establish cooperative relationship in a short time and become new leading players in the future.

      Growth of charging facilities of Anyo Charging, EV Power, Yunshan and Wanma all surpass 5%, showing that they have strong increasing potential. Car Energy Net, Nengrui and Potevio also have huge growth space in growth and number of charging facilities.TELD, State Grid and Star Charge form the first tier. and State Grid has absolute advantage in the proportion of quick filling pile in 2019.聽

      More details can be seen in the full report of 2019 Report of The Charging Services of Chinese Smart EV Startups

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