Pelion’s success with Electric Vehicle Charge Station Operations: The Compelling Rationale
In the next five years deployment of EV Charge Stations will reach 3.3 million units, with an estimated market valuation ranging between $13.4 billion and $17 billion by the year 2028 and $32 billion by 2032,
What are the growth drivers and challenges of the market today?
The Positive Developments First
EV Adoption: The adoption of EVs necessitates the growth in domestic and commercial Charge Stations. Hence the natural market growth drivers.
Diversification in Vehicle Types: The vehicle types now include cars, vans, buses, trucks, and even boats, providing technology providers huge opportunity to diversify.
Governmental Initiatives: Governments worldwide are allocating substantial budgets to propel the installation of public charging infrastructure. Notable instances include the UK Government’s vision of 300,000 public EV Charge station installations by 2030 and North America’s federal government allocating $7.5 billion in 2021 for EV charging stations and related infrastructure.
Proliferation of Charging Services: Europe and North America witness a proliferation of charge station services, featuring key players such as Allego, Enel X, Ionity, Virta, EVBox, Tesla, ChargePoint, Electrify America, EVgo, SemaConnect, and Blink.
However, amidst these promising trends, EV Charge Stations challenges remain.
EV Charge Stations, like many Internet of Things applications, function as connected devices with multifaceted roles. Multi-tasking across energy grid access, metering, and dispensing to financial services (payments), and becoming transport hubs. Combine all this with business-critical connectivity requirements, security, ‘always-on’ operations, compliance, and reporting obligations, it is easy to see the critical role mobile connectivity plays. Crucially, once installed and commissioned, these stations must seamlessly operate in unmanned scenarios, relying primarily on cellular connectivity to engage with service teams.
But the fact is, they do not always work…
If they are disconnected from their wireless network, they do not work as designed.
Connectivity is a strategic challenge to operators, particularly in commercial and public charge stations. A disconnected charge station renders itself ‘off-line’, creating a nightmarish scenario for both power-hungry users and service operators alike.
Addressing the Conundrum
In the face of such challenges, the implementation of managed connectivity services emerges as a pivotal solution. Criteria for evaluating these services should therefore include service reliability, connectivity recovery with active cellular connectivity support, full-stack security, and a consideration of what happens if things change in the future.
Enter Pelion. Our managed connectivity services stand out as an ideal fit in this market.
With more than 30% of customers operating in the Energy Markets (including EV) we are proving the product market fit for our EV Charge Station connectivity services.
Why Pelion’s Connectivity is Unrivalled
Inherent Security: Built with a foundational focus on security and compliant with ISO27001, Pelion’s platform and services meet and exceed the requirements to deliver business-critical IoT applications today, including the EV Charge Station market, guaranteeing both ultra-security and exceptional stability.
Exemplary Support Team: Pelion’s in-house support team consistently garners 5-star reviews, providing an invaluable resource for customer and service operator troubleshooting and guidance.
Future-Ready Technology: Pelion’s incorporation of eSIM technology ensures adaptability to evolving networks and commercial requirements without necessitating on-site interventions.
Unparalleled Stability: Pelion’s cellular connectivity platform boasts a remarkable uptime over the last rolling six months, ensuring steadfast and reliable service.
“We have proven that our managed connectivity aligns well with the demands of EV Charge Stations. In an emerging market charging stations OEM’s design and deploy differently. Many now look to offload to fixed connectivity where possible while others look to source wholesale connectivity to remain competitive in an evolving marketplace. Pairing flexible commercial options with assured connectivity that is unparalleled in reliability and security, Pelion stands behind its solutions, confidently. We are leading the charge to a well-connected future.” says John Chambers, Pelion’s CRO.
if you want to be well-connected too, please Contact our team – Pelion