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 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).

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.