The DC chargers are increasingly used to charge mobile electronic devices including mobiles, laptops, and wearables. The global DC chargers market is anticipated to manifest valuable growth as these portable devices are in rising demand. One of the factors adding to the demand for DC chargers is the increasing popularity of the use of electric vehicles (EV). Going with the report published by Allied Market Research, the global DC chargers market is anticipated to reach $221.31 billion by 2030.
The market has witnessed a few significant trends in the past few years that are driving its growth and opening many doors of opportunities in different sectors of the economy. Acquisitions, collaborations, and use cases in different sectors like mining and electric vehicles are a few of these trends.
The EV sector has started getting customers’ attention and known automobile industry names are jumping into the industry to manufacture user-friendly and secure EV models and help build suitable infrastructure in the targeted geography.
Partnerships in DC Chargers and EV Businesses
When any sector grows, businesses can expect a positive future for that sector. In such a scenario, big and small companies join hands to cater to the demand and capture most of the market share. One such partnership is ready to disrupt the DC chargers market.
EV charging solutions provider, Electrify America, has recently announced a collaboration with NFI Industries for a project. NFI is a private supply chain solutions company based in New Jersey. Electrify America will support the NFI’s sixty electric trucks (heavy-duty) with its DC charging infrastructure.
The companies claim that this is the single biggest infrastructure project for EV charging in the United States. It is developed to assist heavy-duty electronic vehicles. The company is dedicated to its plans to build an infrastructure that supports zero-emissions vehicles. The Electrify America fast chargers will generate power with impressive charging speeds. The company claims it to be one of the fastest, at least in the U.S.
New launch by Rhombus Energy Solutions
Talking about the trends that are taking place in the DC chargers’ market in terms of their use in EVs, this following update is significant, where Rhombus Energy Solutions, a subsidiary of Energy Development Associates (EDA) introduced a new product into the market focused on improving a vehicle charging experience for EV users.
Rhombus Energy Solutions recently made an announcement of the launch of the DC fast charger dispenser that is built for EV. The DC charger allows various remote EV charging dispensers to connect to a single power control system (PCS) of Rhombus.
Most DC charging systems available in the market assist remote dispensers, and have a 1:1 relation ratio between the PCS and the dispenser; however, many EV customers find this approach unfeasible in different use cases. To build a solution that optimizes Electric Vehicle Support Equipment investment, Rhombus consulted with many EV operators and experts and created the configuration of the D3 dispenser.
DC charger for mining operations
Use cases of DC chargers are not limited to the EV sector only, their use is being explored and executed widely in other crucial sectors such as mining.
Tritium, Australia’s known high power charging company, has joined hands with Miller Technologies to build a charging solution for the mining sector. Miller has recently launched the Relay EV that is ready to be in action. Miller Technologies states that with Tritium on board, the new EV now features an “industry-first” hybrid charging system that facilitates both on-board AC opportunity charging and off-board DC fast charging. Tritium is also a global manufacturer and developer of DC fast chargers for electric vehicles. The company has recently entered a partnership with Solcon Industries to improve access to EV fast-charging infrastructure in Pales and Israel.
Acquisition
The acquisition is one of the important trends of the post-COVID world. Talking about the acquisitions in the global DC chargers market, Tritium again came into the picture where Tritium Holdings Pty Ltd, and Gilbarco Veeder-Root, a Vontier Corporation company announced that they have signed an agreement in which Gilbarco Veeder-Root will acquire Tritium.
Conclusion
The demand for DC chargers is expected to grow at a positive pace as governments across the world are promoting the use of electronic vehicles and building suitable charging infrastructure to increase the use cases.
Author Bio
Hemangi is a free-spirited woman who believes in exploring, and learning. She is a versatile content writer with 5 years of experience in her kitty. Blogs, articles, PR, website content or social media posts, her experience and creativity come in handy.
When she is not working, she is writing for herself, reading and riding her Avenger 180.
