Automotive

EV Charging Infrastructure Market Share, Trends, Growth, Production, Consumption, Revenue Analysis and Forecast 2021-2028

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The Electric Vehicle Charging Infrastructure Market size is expected to be worth around US$ 111.76 billion by 2028 from at US$ 11.75 billion in 2020,  growing at a CAGR of 32.01% from 2021 to 2028.

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Growth Factors

The increasing focus of global economies on developing supporting infrastructure for accelerating the adoption of (EVs) is contributing to the growth. Various government agencies are entering into partnerships with each other to develop highway electric charging stations. For instance, in U.S., the Washington State Department of Transportation has partnered with the Oregon Department of Transportation to construct the West Coast Electric Highway (WCEH) that consists of 57 EV charging stations across Oregon and Washington. Similarly, several governments are jointly developing intra-continental networks of highway charging stations.

Various OEMs such as Delta Electronics, Inc.; Enel X; and Ecotap BV; among others; are focusing on the development of solar-powered electric vehicle charging stations. For instance, under the Honda SmartCharge program, Enel X is currently working on the development of solar-powered charging station in Hawaii (U.S.) in partnership with the Hawaiian Electric Company, Inc. Furthermore, various companies are working on upgrading Electric Vehicle Supply Equipment (EVSE) to make them more convenient for long-distance travel. Some of the manufacturers such as Tesla, Inc. and Nissan are focusing on providing compatibility for their electric vehicles for public charging networks. For instance, Nissan in November 2019, announced that buyers of new Nissan LEAF and Nissan LEAF would be able to charge their vehicles across EVgo’s charging network that comprises 750 public charging stations.

In this study, the years considered to estimate the market size of Electric Vehicle Charging Infrastructure are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2028

Report Highlights

Based on the charger type, the market has been segmented into a slow charger and fast charger. The fast charger segment held the dominant market share in 2019, owing to the increasing demand for its deployment in commercial stations. The fast charger segment includes rapid AC chargers (up to 43 kW), DC chargers, and Tesla Superchargers.

The slow charger segment accounted for a significant market share in 2019, owing to the initiatives by various governments for accelerating the deployment of public charging infrastructure, which mostly employs the slow chargers. There has been a significant rise in demand for vehicles equipped with onboard charging stations that use AC voltage.

Based on the connector, the market has been segmented into CHArge de MOve (CHAdeMO), Combined Charging System (CCS), and others. The CHAdeMO segment accounted for a significantly higher market share in 2019, owing to easy integration with smart grid infrastructure and bi-directional charging capability of CHAdeMO connectors. The present CHAdeMO connectors are capable of delivering 62.5 kW of DC and are specified by Japan Electric Vehicle Standard (JEVS).

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The CCS segment is expected to expand at the highest CAGR over the forecast period owing to increased preference by major automobile manufactures on the adoption of CCS connectors in their electric vehicles. For instance, in July 2019, Tesla announced the introduction of a CCS connector to support Model 3, with expected near future compatibility with Model S and Model X in Europe.

The commercial segment accounted for a significantly high market share in 2019 owing to the initiatives and allocation of funding by the governments and automobile manufacture for expanding public EVCI infrastructure. The growing emphasis of several companies, including BMW of North America; Tesla, Inc.; Volkswagen Group of America, Inc.; ChargePoint, Inc.; and Efacec on the installation charging stations across various destinations, such as shopping malls, movie theatres, playgrounds, stadiums, airports, and hotels is anticipated to drive the product adoption in the commercial segment.

Manufacturers are now focusing on the development of residential and commercial EV chargers to ensure higher availability and increased vehicle range. OEMs are collaborating with EV manufacturers, charging network operators, corporates, and utility service providers to deploy fast-charging stations to expand their geographical presence and to enable cost-effective deployment of the EV charging network.

Governments in various countries such as China, Japan, and South Korea are heavily investing in the development of charging infrastructure that bodes well for the market growth in Asia Pacific. For instance, in October 2015, the Chinese Government announced its intention to invest in the deployment of EV infrastructure to accomplish their target for supporting 5 million EVs, on-road, by 2020. Besides, in 2017, the Singapore government launched an EV car-sharing program. Under this initiative, BlueSG (Singapore), a subsidiary of Bollore Group, will install 2,000 EV chargers in 500 charging stations across Singapore. Moreover, various automakers are collaborating to develop a charging infrastructure that bodes well for growth.

Various European countries have set ambitious targets for curbing carbon emission and electric car stock commitments by 2020. For instance, in July 2018, the U.K. government passed the Automated and Electric Vehicles (AEV) Act. It provides the government with new powers to ensure the rapid development of EVCI on motorways and fuel stations.

Key Players

AeroVironment Inc.; ABB; BP Chargemaster; ChargePoint, Inc.; ClipperCreek; Eaton; General Electric; Leviton Manufacturing Co., Inc.; SemaConnect, Inc., Schneider Electric; Siemens; Tesla, Inc.; and Webasto.

Market Segmentation

  • Charger Type Outlook 
    • Slow Charger
    • Fast Charger
  • Connector Outlook 
    • CHAdeMO
    • CCS
    • Others
  • Application Outlook 
    • Commercial
    • Residential
  • Regional Outlook
    • North America
      • U.S.
      • Canada
    • Europe
      • Netherlands
      • U.K.
      • France
      • Norway
      • Germany
    • AsiaPacific
      • China
      • Japan
      • South Korea

The Electric Vehicle Charging Infrastructure market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Electric Vehicle Charging Infrastructure market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Electric Vehicle Charging Infrastructure market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Electric Vehicle Charging Infrastructure market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Electric Vehicle Charging Infrastructure market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Electric Vehicle Charging Infrastructure capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Electric Vehicle Charging Infrastructure by regions (countries) and application.

Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2028);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

Table of Contents

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics

5.1.1. Market Drivers

5.1.2. Market Restraints

5.1.3. Market Opportunities

5.2. Porter’s Five Forces Analysis

5.2.1. Bargaining power of suppliers

5.2.2. Bargaining power of buyers

5.2.3. Threat of substitute

5.2.4. Threat of new entrants

5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis

6.1.2. Key Strategies Adopted by Players

6.1.3. Vendor Landscape

6.1.3.1. List of Suppliers

6.1.3.2. List of Buyers

Chapter 7. Global Electric Vehicle Charging Infrastructure Market, By Charger

7.1. Electric Vehicle Charging Infrastructure Market, by Charger Type, 2021-2030

7.1.1. Slow Charger

7.1.1.1. Market Revenue and Forecast (2017-2030)

7.1.2. Fast Charger

7.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 8. Global Electric Vehicle Charging Infrastructure Market, By Application

8.1. Electric Vehicle Charging Infrastructure Market, by Application, 2021-2030

8.1.1. Commercial

8.1.1.1. Market Revenue and Forecast (2017-2030)

8.1.2. Residential

8.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Electric Vehicle Charging Infrastructure Market, By Connector 

9.1. Electric Vehicle Charging Infrastructure Market, by Connector, 2021-2030

9.1.1. CHAdeMO

9.1.1.1. Market Revenue and Forecast (2017-2030)

9.1.2. Combined Charging System (CCS)

9.1.2.1. Market Revenue and Forecast (2017-2030)

9.1.3. Others

9.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global Electric Vehicle Charging Infrastructure Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Forecast, by Charger (2017-2030)

10.1.2. Market Revenue and Forecast, by Application (2017-2030)

10.1.3. Market Revenue and Forecast, by Connector (2017-2030)

10.1.4. U.S.

10.1.4.1. Market Revenue and Forecast, by Charger (2017-2030)

10.1.4.2. Market Revenue and Forecast, by Application (2017-2030)

10.1.4.3. Market Revenue and Forecast, by Connector (2017-2030)

10.1.5. Rest of North America

10.1.5.1. Market Revenue and Forecast, by Charger (2017-2030)

10.1.5.2. Market Revenue and Forecast, by Application (2017-2030)

10.1.5.3. Market Revenue and Forecast, by Connector (2017-2030)

10.2. Europe

10.2.1. Market Revenue and Forecast, by Charger (2017-2030)

10.2.2. Market Revenue and Forecast, by Application (2017-2030)

10.2.3. Market Revenue and Forecast, by Connector (2017-2030)

10.2.4. UK

10.2.4.1. Market Revenue and Forecast, by Charger (2017-2030)

10.2.4.2. Market Revenue and Forecast, by Application (2017-2030)

10.2.4.3. Market Revenue and Forecast, by Connector (2017-2030)

10.2.5. Germany

10.2.5.1. Market Revenue and Forecast, by Charger (2017-2030)

10.2.5.2. Market Revenue and Forecast, by Application (2017-2030)

10.2.5.3. Market Revenue and Forecast, by Connector (2017-2030)

10.2.6. France

10.2.6.1. Market Revenue and Forecast, by Charger (2017-2030)

10.2.6.2. Market Revenue and Forecast, by Application (2017-2030)

10.2.6.3. Market Revenue and Forecast, by Connector (2017-2030)

10.2.7. Rest of Europe

10.2.7.1. Market Revenue and Forecast, by Charger (2017-2030)

10.2.7.2. Market Revenue and Forecast, by Application (2017-2030)

10.2.7.3. Market Revenue and Forecast, by Connector (2017-2030)

10.3. APAC

10.3.1. Market Revenue and Forecast, by Charger (2017-2030)

10.3.2. Market Revenue and Forecast, by Application (2017-2030)

10.3.3. Market Revenue and Forecast, by Connector (2017-2030)

10.3.4. India

10.3.4.1. Market Revenue and Forecast, by Charger (2017-2030)

10.3.4.2. Market Revenue and Forecast, by Application (2017-2030)

10.3.4.3. Market Revenue and Forecast, by Connector (2017-2030)

10.3.5. China

10.3.5.1. Market Revenue and Forecast, by Charger (2017-2030)

10.3.5.2. Market Revenue and Forecast, by Application (2017-2030)

10.3.5.3. Market Revenue and Forecast, by Connector (2017-2030)

10.3.6. Japan

10.3.6.1. Market Revenue and Forecast, by Charger (2017-2030)

10.3.6.2. Market Revenue and Forecast, by Application (2017-2030)

10.3.6.3. Market Revenue and Forecast, by Connector (2017-2030)

10.3.7. Rest of APAC

10.3.7.1. Market Revenue and Forecast, by Charger (2017-2030)

10.3.7.2. Market Revenue and Forecast, by Application (2017-2030)

10.3.7.3. Market Revenue and Forecast, by Connector (2017-2030)

10.4. MEA

10.4.1. Market Revenue and Forecast, by Charger (2017-2030)

10.4.2. Market Revenue and Forecast, by Application (2017-2030)

10.4.3. Market Revenue and Forecast, by Connector (2017-2030)

10.4.4. GCC

10.4.4.1. Market Revenue and Forecast, by Charger (2017-2030)

10.4.4.2. Market Revenue and Forecast, by Application (2017-2030)

10.4.4.3. Market Revenue and Forecast, by Connector (2017-2030)

10.4.5. North Africa

10.4.5.1. Market Revenue and Forecast, by Charger (2017-2030)

10.4.5.2. Market Revenue and Forecast, by Application (2017-2030)

10.4.5.3. Market Revenue and Forecast, by Connector (2017-2030)

10.4.6. South Africa

10.4.6.1. Market Revenue and Forecast, by Charger (2017-2030)

10.4.6.2. Market Revenue and Forecast, by Application (2017-2030)

10.4.6.3. Market Revenue and Forecast, by Connector (2017-2030)

10.4.7. Rest of MEA

10.4.7.1. Market Revenue and Forecast, by Charger (2017-2030)

10.4.7.2. Market Revenue and Forecast, by Application (2017-2030)

10.4.7.3. Market Revenue and Forecast, by Connector (2017-2030)

10.5. Latin America

10.5.1. Market Revenue and Forecast, by Charger (2017-2030)

10.5.2. Market Revenue and Forecast, by Application (2017-2030)

10.5.3. Market Revenue and Forecast, by Connector (2017-2030)

10.5.4. Brazil

10.5.4.1. Market Revenue and Forecast, by Charger (2017-2030)

10.5.4.2. Market Revenue and Forecast, by Application (2017-2030)

10.5.4.3. Market Revenue and Forecast, by Connector (2017-2030)

10.5.5. Rest of LATAM

10.5.5.1. Market Revenue and Forecast, by Charger (2017-2030)

10.5.5.2. Market Revenue and Forecast, by Application (2017-2030)

10.5.5.3. Market Revenue and Forecast, by Connector (2017-2030)

Chapter 11. Company Profiles

11.1. AeroVironment, Inc.

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. ABB

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. BP Chargemaster

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. ChargePoint, Inc.

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. ClipperCreek, Inc.

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. Eaton Corp.

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. General Electric Company

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. Leviton Manufacturing Co., Inc.

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. SemaConnect, Inc.

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. Schneider Electric

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

11.11. Siemens AG

11.11.1. Company Overview

11.11.2. Product Offerings

11.11.3. Financial Performance

11.11.4. Recent Initiatives

11.12. Tesla, Inc.

11.12.1. Company Overview

11.12.2. Product Offerings

11.12.3. Financial Performance

11.12.4. Recent Initiatives

11.13. Webasto SE

11.13.1. Company Overview

11.13.2. Product Offerings

11.13.3. Financial Performance

11.13.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

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Steve Robber

My name is Steve Robber, I’m the Owner of Market Stats News. Steve has served in many positions at various organizations for the past seven years. Currently he is an Author at Finance.Yahoo. Contact us for a free news publication, we look forward to speaking with you!

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