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With a projected CAGR of 17.48% from 2024–2031, the worldwide electric highway market is expected to grow from an initial valuation of $4.35B in 2024 to around $15.62B in 2031.
An expanding sector of the economy, the electric highway market is focused on developing and constructing networks to support the widespread use of electric vehicles. To facilitate long-distance travel in EVs, these highways feature charging stations strategically placed beside major thoroughfares. We aim to hasten the transition to electric mobility, allay concerns about range anxiety, and promote environmentally friendly transportation. Due to the increasing demand for environmentally friendly transportation options and technology advancements, the electric highway market will play a significant role in shaping the future of efficient and sustainable travel.
An electric highway is a road that has been upgraded with electrical features. In most cases, it denotes a road that allows cars to receive electricity by means of power wires that are either strung overhead or embedded in grooves specifically made for this purpose. Electric roadways allow vehicles to use electric traction, much like trains. Technology that is extensively utilized in several nations, including Norway and Sweden, is the basis for this. The concept of the electric highway, or e-highway, has emerged as a means to mitigate the impact of the change and reduce air pollution. It integrates contemporary roadway technology with those of railroads. Modernized hybrid cars get their juice via dynamic pantographs, which can hook up and unhook the wires above at rates of up to 90 kmph. The federal government is currently pouring money into highway technology manufacturers and businesses to encourage the development of innovative solutions and new technology. In an effort to reduce traffic congestion and increase safety, industries are deploying state-of-the-art Intelligent Transport Systems (ITS).
This study breaks down the worldwide electric highway market into its component parts, then uses those parts to make predictions about future revenue growth and trends. The research examines the worldwide electric highway market and its most important growth drivers, possibilities, and obstacles. To illustrate the competitive landscape, we have included recent market changes and competitive strategies such product introduction and development, partnerships, mergers, and acquisitions, as well as expansion. Within each subsegment of the worldwide electric highway market, the study identifies and profiles the leading companies, providing an analysis of their core strengths.
Electric road networks could pave the way for smaller EV batteries, all while easing concerns about a vehicle's range. An electric road system (ERS) might reduce the cost of electric vehicle (EV) batteries by as much as 70% while charging them while driving, according to research out of Sweden's Chalmers University of Technology. An ERS uses wires laid in a grid pattern or strung above traffic to supply electricity to a vehicle's charging system while the vehicle is in motion.
The ability to charge the battery continually while it is in operation allows it to be smaller without sacrificing performance or range, which are important client requests. Many fossil fuels are still used by the transportation industry, which contributes to increased carbon emissions. By easing the transition to electric vehicles, electrified highways help achieve the objectives of carbon reduction-focused governments and organizations. Global efforts to combat climate change are congruent with the decline in carbon emissions. One example of these efforts is the installation of electric roadways to facilitate a sustainable change.
Electric highways are expensive because establishing the infrastructure to charge them necessitates substantial financial investments in road building, electrical line installation, and maintenance. There is also the possibility that present traffic flow will be interrupted in the long run due to infrastructure upgrades. Installing a dynamic inductive system could take three weeks every 100 meters, compared to a month for a conductive overhead system, according to one study. Concurrent ERS construction and scheduled maintenance could lessen disturbance, but it would drastically limit the speed at which the technology could be adopted.
Report Coverage
Global Electric Highway research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Electric Highway report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Electric Highway competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Electric Highway market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Electric Highway market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Electric Highway market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
ALE International, ABB Ltd., Honeywell International Inc, AT&T Inc, Cisco Systems Inc, Huawei Technologies Co. Ltd, LG CSN, IBM Corporation, Schneider Electric SE, Siemens AG and Other Key Vendors.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Electric Highway market based on the below-mentioned segments:
Global Electric Highway Market, By Technology
Overhead Lines
Rail
Inductive
Global Electric Highway market, By Scale
Local Electrified Roads
Long-distance Electrified Roads
Global Electric Highway market, Regional Analysis
An expanding sector of the economy, the electric highway market is focused on developing and constructing networks to support the widespread use of electric vehicles. To facilitate long-distance travel in EVs, these highways feature charging stations strategically placed beside major thoroughfares. We aim to hasten the transition to electric mobility, allay concerns about range anxiety, and promote environmentally friendly transportation. Due to the increasing demand for environmentally friendly transportation options and technology advancements, the electric highway market will play a significant role in shaping the future of efficient and sustainable travel.
An electric highway is a road that has been upgraded with electrical features. In most cases, it denotes a road that allows cars to receive electricity by means of power wires that are either strung overhead or embedded in grooves specifically made for this purpose. Electric roadways allow vehicles to use electric traction, much like trains. Technology that is extensively utilized in several nations, including Norway and Sweden, is the basis for this. The concept of the electric highway, or e-highway, has emerged as a means to mitigate the impact of the change and reduce air pollution. It integrates contemporary roadway technology with those of railroads. Modernized hybrid cars get their juice via dynamic pantographs, which can hook up and unhook the wires above at rates of up to 90 kmph. The federal government is currently pouring money into highway technology manufacturers and businesses to encourage the development of innovative solutions and new technology. In an effort to reduce traffic congestion and increase safety, industries are deploying state-of-the-art Intelligent Transport Systems (ITS).
This study breaks down the worldwide electric highway market into its component parts, then uses those parts to make predictions about future revenue growth and trends. The research examines the worldwide electric highway market and its most important growth drivers, possibilities, and obstacles. To illustrate the competitive landscape, we have included recent market changes and competitive strategies such product introduction and development, partnerships, mergers, and acquisitions, as well as expansion. Within each subsegment of the worldwide electric highway market, the study identifies and profiles the leading companies, providing an analysis of their core strengths.
Electric road networks could pave the way for smaller EV batteries, all while easing concerns about a vehicle's range. An electric road system (ERS) might reduce the cost of electric vehicle (EV) batteries by as much as 70% while charging them while driving, according to research out of Sweden's Chalmers University of Technology. An ERS uses wires laid in a grid pattern or strung above traffic to supply electricity to a vehicle's charging system while the vehicle is in motion.
The ability to charge the battery continually while it is in operation allows it to be smaller without sacrificing performance or range, which are important client requests. Many fossil fuels are still used by the transportation industry, which contributes to increased carbon emissions. By easing the transition to electric vehicles, electrified highways help achieve the objectives of carbon reduction-focused governments and organizations. Global efforts to combat climate change are congruent with the decline in carbon emissions. One example of these efforts is the installation of electric roadways to facilitate a sustainable change.
Electric highways are expensive because establishing the infrastructure to charge them necessitates substantial financial investments in road building, electrical line installation, and maintenance. There is also the possibility that present traffic flow will be interrupted in the long run due to infrastructure upgrades. Installing a dynamic inductive system could take three weeks every 100 meters, compared to a month for a conductive overhead system, according to one study. Concurrent ERS construction and scheduled maintenance could lessen disturbance, but it would drastically limit the speed at which the technology could be adopted.
Report Coverage
Global Electric Highway research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Electric Highway report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Electric Highway competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Electric Highway market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2023 |
| Forecast Period | 2023-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | ALE International, ABB Ltd., Honeywell International Inc, AT&T Inc, Cisco Systems Inc, Huawei Technologies Co. Ltd, LG CSN, IBM Corporation, Schneider Electric SE, Siemens AG and Other Key Vendors. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Electric Highway Market from 2021 to 2031.
- Market Forecast for Electric Highway Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Electric Highway competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Electric Highway
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Electric Highway market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Electric Highway market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
ALE International, ABB Ltd., Honeywell International Inc, AT&T Inc, Cisco Systems Inc, Huawei Technologies Co. Ltd, LG CSN, IBM Corporation, Schneider Electric SE, Siemens AG and Other Key Vendors.
Primary Target Market
- Market Players of Electric Highway
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Electric Highway market based on the below-mentioned segments:
Global Electric Highway Market, By Technology
Overhead Lines
Rail
Inductive
Global Electric Highway market, By Scale
Local Electrified Roads
Long-distance Electrified Roads
Global Electric Highway market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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