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The market is expected to reach unit shipments of 2.8 million by 2017, with over 85% of unit sales comprised of residential and multi-unit housing chargers. The level three charging industry, which will follow right behind the level two infrastructure, is expected to have over 10,000 unit shipments by 2017 and revenues of over $250 million on unit installations alone. Competition in the industry will pick up drastically over the next two to three years when several major players, including ABB, General Electric, Eaton, and Leviton, are expected to have some type of product in the market. Greater competition will increase the downward price pressure of EV chargers. This will likely decrease unit price by 50% in three to five years.