USD 491.05 million
Europe EV Charging Stations Market Size, Share, Growth Analysis, By connection type(Level 1, Level 2, DC Fast Charging), By end users(Commercial EV Charging Stations, Residential EV Charging Stations), By Region - Industry Forecast 2025-2032
Report ID:
SQMIR25A2287 |
Region:
Regional |
Published Date: February, 2024
Pages:
245
|Tables:
62
|Figures:
75
Europe EV Charging Stations Market Insights
Europe EV Charging Stations Market size was valued at USD 737.07 Million in 2023 and is poised to grow from USD 1106.34 Million in 2024 to USD 28505.76 Million by 2032, growing at a CAGR of 50.1% during the forecast period (2025-2032).
A device used to charge plug-in electric vehicles (EVs), such as electric cars, neighbourhood EVs, and hybrids, is referred to as an electric vehicle charging station, also known as electric vehicle supply equipment (EVSE). The power grid is connected to the energy conversion system, software, facility metre, and energy controller used by the charging stations. The rise in government measures to encourage the use of EVs and the construction of related infrastructure, the rising need for fast-charging infrastructure, and the rising incidence of range anxiety among EV users are the primary factors driving the growth of this market. According to EV adoption and charging infrastructure, the top five European nations are France, Germany, the Netherlands, Norway, and the United Kingdom.Charging infrastructure solutions for electric vehicle fleets range from multiple megawatt depo charging to overhead catenaries for charging on the move. Wireless charging systems are viewed as a potentially cost-effective and feasible solution for fleet charging needs. Electric bus fleets are expected to grow during the forecast period because they emit no tailpipe emissions and produce less noise.
Europe EV Charging Stations Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Level 2
Fastest Growth
Level 2
Growth Rate
50.1% CAGR
Europe EV Charging Stations Market ($ Mn)
States Share for Germany Country (%)
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Europe EV Charging Stations Market Segmental Analysis
Europe EV charging stations market is segmented into connection type and end users. By connection type Europe EV Charging Stations Market is segmented into Level 1, Level 2, DC Fast Charging. On the basis of end users Commercial EV Charging Stations, Residential EV Charging Stations.
Europe EV Charging Stations Market Analysis by connection type
In terms of connection type, the connector category is anticipated to hold the greatest market share for EV charging stations in Europe in 2022. The significant market share of this segment is primarily attributable to growing partnerships between electric vehicle charging station providers and utility companies and fuel station operators to deploy electric vehicle charging stations as well as growing partnerships between governments and automakers to develop the DC fast-charging station infrastructure in the area.
Europe EV Charging Stations Market Analysis by end users
In terms of end users, the commercial sector is anticipated to hold the greatest market share for EV charging stations in Europe in 2022. The significant share of this market is mostly attributable to the expansion of government programmes in Europe that take the form of financial incentives, tax breaks, and subsidies for the installation of EV charging stations at commercial locations. Additionally, it is anticipated that during the forecast period, this segment will see the highest CAGR.
Europe EV Charging Stations Market By Connection Type
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Europe EV Charging Stations Market Regional Insights
Geographically, Germany is anticipated to hold the greatest market share for electric vehicle charging stations in Europe in 2022, both in terms of volume and value. The significant market share is mostly owed to increasing government spending on electric buses, the quick construction of charging infrastructure, and incentives for electric vehicle purchasers. For EV customers in Germany looking for office or home charging stations, as of 2021, there are approximately 35,000 charging outlets accessible. One of the nations that is credited with accelerating the global adoption of EVs is Germany.
In terms of value in 2022, the U.K. is anticipated to hold the second-largest proportion of the European market for electric vehicle charging stations. The growing use of electric buses in the nation's public transportation fleets, rising government investments and incentives for the construction of charging infrastructure, and concentrated government initiatives to make central London and town centres across the U.K. zero-emission zones by 2028 are the main factors driving the growth of this market.
Europe EV Charging Stations Market By Geography
- Largest
- Fastest
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Europe EV Charging Stations Market Dynamics
Europe EV Charging Stations Market Drivers
Rise in Awareness about Environmental Benefits of Electric Vehicle to Boost Market Growth
- One of the key factors propelling the growth of the market for electric vehicle charging stations is the rise in the number of electric vehicle (EV) sales in the area. Due to growing environmental concern, customer preference is quickly shifting toward passenger and commercial electric vehicles (EV).
- The market is growing faster thanks to rising technical improvements like the Internet of Things (IoT) and real-time information solutions being integrated into all-EV charging station systems. The technologies find nearby charging stations and offer real-time data on the number of open places.
Europe EV Charging Stations Market Restraints
High Setup Cost to Hinder Market Growth
- The participants in this market can expect development prospects as a result of factors like increasing R&D in V2G technology and the expanding deployment of charging stations by retail MNCs.
- Market expansion is anticipated to be hampered by the lack of standardised charging facilities and the rudimentary power grid infrastructure. Additionally, in the forecast period of 2022–2028, the market for electric vehicle charging stations is anticipated to face challenges related to the high initial cost of EVs compared to ICE vehicles and strict regulations for the installation of EV charging stations.
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Europe EV Charging Stations Market Competitive Landscape
Players in the Europe EV charging station market are investing in collaborations and partnerships to expand their consumer base. They are actively focusing on mergers and acquisitions, along with investing in R&D activities to expand their product portfolio.
Europe EV Charging Stations Market Top Player's Company Profiles
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ABB Ltd.
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Schneider Electric SE
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Siemens AG
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Alfen N.V.
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EVBox Group
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NewMotion B.V.
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Efacec Electric Mobility, S.A.
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Tritium Pty Ltd
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Delta Electronics, Inc.
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E.ON SE
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Enel X S.p.A.
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Allego B.V.
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Innogy SE
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IONITY GmbH
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Pod Point Ltd.
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Engie SA
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Circontrol S.A.
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GreenFlux Assets B.V.
Europe EV Charging Stations Market Recent Developments
- On 5th october 2022, ChargePoint, a leading EV charging company, is launching a new charging solution aimed at businesses looking to become a part of the future of clean transportation.
Europe EV Charging Stations Key Market Trends
- Top charging station manufacturers and network operators are increasing the availability of both private and public EV chargers. New safety measures were taken by the government and major industry players to advance production techniques. The correct audience was targeted by technological developments, which increased charging's sales rate. In the post-pandemic environment, the increased sales of electric vehicles are anticipated to further fuel market expansion.
- An essential component of the ecosystem for electric vehicles is the charging infrastructure. To accommodate the growing demand for EV charging infrastructure in Europe, a number of governments are investing subsidies for the construction of charging infrastructure.
Europe EV Charging Stations Market SkyQuest Analysis
SkyQuest’s ABIRAWA (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research
According to Europe EV charging stations market analysis, Due to the worldwide lockdowns, the COVID-19 pandemic had a moderate effect on the market for electric vehicle charging stations. Government incentives enhanced the demand for EVs and related markets in 2021. Top charging station manufacturers and network operators are increasing the availability of both private and public EV chargers. New safety measures were taken by the government and major industry players to advance production techniques. The correct audience was targeted by technological developments, which increased charging's sales rate. In the post-pandemic environment, the increased sales of electric vehicles are anticipated to further fuel market expansion.
| Report Metric | Details |
|---|---|
| Market size value in 2019 | USD 491.05 million |
| Market size value in 2031 | USD 18991.18 million |
| Growth Rate | 50.1% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| 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:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Europe EV Charging Stations Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Europe EV Charging Stations Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Europe EV Charging Stations 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 Europe EV Charging Stations 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.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Europe EV Charging Stations Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Europe EV Charging Stations 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.
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