India: Bharat Heavy Electricals Limited (BHEL) will install a network of Solar-based Electric Vehicle Chargers (SEVC) on the Delhi-Chandigarh Highway at regular intervals over the entire 250 kilometers stretch. The project is covered under the Faster Adoption and Manufacturing of Electric Vehicles in India of the Department of Heavy Industry (DHI). The establishment of EV chargers would allay range-anxiety among the Electric Vehicle users and bolster their confidence for inter-city travel.
BHEL’s scope of work in the project includes supply and installation of the EV charging stations along with a Central Monitoring System. Each SEVC charging station will be equipped with a rooftop solar power plant to supply green energy to fast and slow chargers planned to be installed at the location. BHEL is also executing another commercial order for installation of DC chargers across various locations in the country. BHEL is also foraying into manufacturing of EV chargers, electric buses, and related critical components. As part of the ‘Make in India’ initiative of the Government of India, in-house development of EV motors, propulsion systems, and fast chargers has also been undertaken by the company.
According to BlueWeave Consulting, solar energy is an ideal long-term source of clean energy that can be used as a viable alternative to currently prevalent nonrenewable sources such as coal, gas, and oil. The growth of the solar energy market is driven by increase in environmental pollution and provision of government incentives & tax rebates to install solar panels. The demand for solar cells has gained major traction owing to surge in rooftop installations, followed by an increase in applications in the architectural sector.
Electric vehicles (EVs) are the inevitable future of the automotive industry. Government supporting and introducing new initiatives to drive the growth of Electric Vehicle and Electric Vehicle charging station industry is driving the growth of the market. Oil price will increase over the forecast period which will accelerate the market demand for electric vehicles and EVs charging stations. These factors are constantly accelerating the growth of the electric vehicle (EV) charging station market in India.
According to BlueWeave Consulting upcoming report, Titled- “India Solar Photovoltaic (PV) Market By Type (Utility Scale, Rooftop), By Technology (Fixed Tilt, Single-axis Tracker), By Region (North, West, East & South); Size and Forecast, 2014-2025” The Indian solar photovoltaic market has seen tremendous growth over the projected period. Various subsidies and incentives provided by the government have created good amount of awareness and agreeableness among the end users for adopting solar power as an alternative source of energy over conventional sources. With increasing focus of the government on development of renewable energy sector, technical improvements, solar power cost, and price will drive the solar photovoltaic market in India.
According to BlueWeave consulting’s upcoming report, Titled-“ India Solar Energy Market by Technology (Photovoltaic Cells and Concentrated Solar Power Systems), Solar Module (Monocrystalline, Polycrystalline, Cadmium Telluride, Amorphous Silicon Cells, and Others), Generation (First, Second, and Third), and Application (Agriculture & Horticulture, Architecture, Transportation, and Others),By Region (North, West, East & South); Size and Forecast, 2014-2025” The India solar energy market is estimated to have high growth over a forecasted period due to rising focus of the government towards sustainable energy generation, availability of abundant sunshine throughout the year makes the country an ideal location for solar power generation. Rapid population growth and increasing urbanization and industrialization is driving demand for energy, traditionally met by coal and crude oil which will drive the solar energy market in India.
According to BlueWeave consulting’s upcoming report, Titled-“India Solar Power Equipment Market, By Equipment (Solar Panels, Mounting, Racking, & Tracking System, Storage System, and Others) and By Application (Residential, Nonresidential, and Utility), By Region (North, West, East & South); Size and Forecast, 2014-2025,” The India solar equipment market witness robust growth over a forecasted period due to technology advancements and improvements in manufacturing processes. However, rising government investments in the sector, increasing technological advancements and growing environmental concerns are expected to boost solar equipment market over the forecasted years.
According to the recently published report by BlueWeave Consulting on “Global Electric Vehicle Charging Station Market, By Product Type, By Installation Type, By Suppliers Type, By Region- Industry Analysis, Size, Share, Growth, Trends & forecast by 2018-2025” The global electric vehicle (EV) charging station market is expected to grow over a CAGR of 29% during 2018-2025 in terms of value. Government supporting and introducing new initiatives to drive the growth of Electric Vehicle and Electric Vehicle charging station industry is driving the growth of the market. In addition, the price of fuel is constantly increasing which is urging the people to look for better and other energy efficient alternative. Oil price will increase over the forecast period which will accelerate the market demand for electric vehicles and EVs charging stations. These factors are constantly accelerating the growth of the electric vehicle (EV) charging station market globally.
According to the recently published report by BlueWeave Consulting on “Global Electric Commercial Vehicles Market by Propulsion type (BEV, HEV, PHEV, FCEV), by Vehicle type (Bus, Truck, Van, Others), by Component (Motor, Battery, Others) – Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2014-2024,” The Global Electric Commercial Vehicles market is expected to grow at a CAGR over 13.0% during the forecast period in terms of value. The market is expected to reach over USD149, 316 Mn by 2024, supported by government subsidies and tax rebates for commercial electrical vehicles.. Need for fuel-efficient and emission-free vehicles and the increasing demand for electric commercial vehicle such as electric truck in the logistics industry to minimize the additional liability of fuel expenses. Innovations in EV battery capacity, which will enable electric commercial vehicle to carry heavy loads over longer range, can create new revenue generation opportunities.