What is the global market size of the Europe EV Charging Stations Market?

Europe EV Charging Stations Market size was valued at USD 491.05 million in 2021 and is poised to grow from USD 737.07 million in 2022 to USD 18991.18 million by 2030, growing at a CAGR of 50.1% in the forecast period (2023-2030).

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 2024-2031

Report ID: SQMIR25A2287 | Region: Regional | Published Date: February, 2024
Pages: 245 | Tables: 62 | Figures: 75

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 Report Snapshots

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Europe EV Charging Stations Market size was valued at USD 491.05 million in 2019 and is poised to grow from USD 737.07 million in 2023 to USD 18991.18 million by 2031, growing at a CAGR of 50.1% in the forecast period (2024-2031).

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. 'ChargePoint, Inc.', 'Tesla', ' ABB Ltd. ', ' Schneider Electric SE ', ' Siemens AG ', ' Alfen N.V. ', ' EVBox Group ', ' NewMotion B.V. ', ' Efacec Electric Mobility, S.A. ', ' Tritium Pty Ltd ', ' Delta Electronics, Inc. ', ' E.ON SE ', ' Enel X S.p.A. ', ' Allego B.V. ', ' Innogy SE ', ' IONITY GmbH ', ' Pod Point Ltd. ', ' Engie SA ', ' Circontrol S.A. ', ' GreenFlux Assets B.V. '

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).

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.

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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 2024-2031

Europe EV Charging Stations Market Regional Insights

Europe EV Charging Stations Market Report Snapshots

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