USD 18.1 Billion
Report ID: SQSG25C2003 | Region: Global | Published Date: December, 2022 | Pages: 165 | Tables: 144 | Figures: 73
Electric Vehicle Charging Station Market size was valued at USD 18.1 Billion in 2021, and it is expected to reach a value of USD 120.6 Billion by 2028, at a CAGR of 31.12% over the forecast period (2022 - 2028).
Electric car charging systems connect the plug-in electric vehicle and electric vehicle to an electrical outlet to charge the vehicle's battery. Furthermore, numerous automakers and electric component manufacturers are collaborating on the development of improved electric car charging systems in order to meet the growing demand for these vehicles. Some charging stations have complex capabilities such as smart metering, cellular connectivity, network connectivity, and so on, while others are more basic. The global EV sector is expanding quickly, particularly in the United States and China. Zero-emission transportation is the driving force behind increased EV sales throughout the world. It will increase demand for electric car charging stations. Technological advancements in portable charging stations, smart charging with load management, and automated payment with rapid charging technology will open up new markets for the Market. The need for EV fast-charging infrastructure is increasing as a result of the government's initiative to promote the adoption of EVs and associated infrastructure.
During the lockdown, the COVID-19 epidemic had a little influence on the EV charging sector, but demand for EV charging stations soared beginning in 2021. Top charging station manufacturers and network operators worldwide increased the number of private and public EV chargers.
US Electric Vehicle Charging Station Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 18.1 Billion
Largest Segment
DC Charging Station
Fastest Growth
DC Charging Station
Growth Rate
31.12% CAGR
To get more reports on the above market click here to Buy The Report
The Global Electric Vehicle Charging Station Market is segmented on the basis of Application Type, Vehicle Type, Charger Type, level of charging, charging infrastructure type, and Region. Based on Application, the market is segmented into Public and Private. Based on the Vehicle, the market is segmented into Passenger and Commercial vehicles. Based on the Charger, the market is segmented into AC Charging and DC Charging. Based on level of charging, the market is segmented into Level 1, level 2, level 3. Based on charging infrastructure type, the market is segmented into Normal charging, type 2, CHAdeMO, CCS, Tesla SC, GB/T. Based on the Region it is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Analysis by Charger
In 2021, DC charger held a significant share in the electric vehicle charging station market. The AC charger, or slow/moderate charger segment, has modest growth and penetration. In 2021, these chargers accounted for 16.24% of the market. The segment will show low growth during the forecast period due to the high time required to charge EVs.
To get detailed analysis on other segments, Request For Sample Report
The APAC region is estimated to dominate the Electric Vehicle Charging Station Market during the forecast period. The APAC market seemed to be driven by the large-scale growth of EV charging infrastructure in China which in turn increases the demand for affordable EVs for daily usage purposes. China invested around USD 2.4 billion in improving the charging infrastructure in the country. Japan and Korea have declared a plan to increase the number of EV charging stations in upcoming years. Further, the Indian government has announced plans to build 69,000 EV charging stations around the country as part of the first phase of EV infrastructural development with a demand for 4lakh charging stations expected by 2028.
In 2021, Europe held the second-largest position in the market for EV charging stations due to the presence of key market players in this region. Consumer adoption of EVs and autonomous vehicle shared mobility is likely to fuel market growth in the region.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Driver
Significant Investment in Electric Vehicles to Boost Market Growth
Restrains
Lack of Infrastructure to Hinder Market Growth
Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report
The Electric Vehicle Charging Station Market is highly competitive, with the existence of numerous major firms operating in both domestic and international markets. The industry's top players are embracing strategic collaboration initiatives to improve market share and profitability. Some of the major players in the market are BP Chargemaster, ChargePoint Inc, Eaton, and Seimens AG among others who are driving the market.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global electric vehicle charging station market analysis, By vehicle type, the passenger segment is expected to hold a dominant share in electric vehicle charging station market. By Charger type, the DC charger or fast charger sector is expected to hold the most substantial market share over the forecast period. By Application type, public-based segment is expected to hold the most substantial share over the projection period. Zero-emission transportation is the driving force behind rising EV sales around the world. It will raise the need for electric vehicle charging stations. Portable charging stations, smart charging with load management, automated payment, and rapid charging technology will open up new markets for the Electric Vehicle Charging Station Market.
Report Metric | Details |
---|---|
Market size value in 2021 | USD 18.1 Billion |
Market size value in 2028 | USD 120.6 Billion |
Growth Rate | 31.12% |
Base year | 2021 |
Forecast period | 2022 - 2028 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Electric Vehicle Charging Station Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Electric Vehicle Charging Station Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Electric Vehicle Charging Station Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Electric Vehicle Charging Station Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Our industry expert will work with you to provide you with customized data in a short amount of time.
SPEAK TO AN ANALYSTGet lifetime access to our reports
Basic Plan $5,000 Team Plan $10,000 SUBSCRIBE NOWWant to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Product ID: SQSG25C2003