Electric Vehicle Charging Infrastructure Market-Size Volume, Share, Demand growth, Business Opportunity by-2027 (Trending Report)

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Latest Study on “Electric Vehicle Charging Infrastructure Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2027”.

The global Electric Vehicle Charging Infrastructure market size is expected to be worth around US$ 15.02 billion by 2027, according to a new report by Nova One Advisor .

The global Electric Vehicle Charging Infrastructure market size was valued at US$ 15.02 billion in 2020 and is anticipated to grow at a CAGR of 33.0% during forecast period 2021 to 2027.

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The significant market growth is primarily due to the rising number of initiatives undertaken by both public as well as private sectors to encourage the population to switch to EVs. As a result, the demand for EV charging infrastructure is expected to grow significantly. For instance, in the 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, many other governments are jointly developing intra-continental networks of highway charging stations.

Various EV manufacturers, such as Volvo, Kia Motors, Mercedes-Benz, and Ford, are collaborating with the charging infrastructure providers for easy availability of charging stations. For instance, In November 2020, ChargePoint, Inc. announced its partnership with Volvo Car USA LLC to provide a seamless charging experience to the Volvo car drivers. ChargePoint, Inc. will offer Home Flex home chargers, which will enable drivers to charge their cars at home. Moreover, Delta Electronics, Inc.; Enel X; and Ecotap BV are focusing on the development of solar-powered EV charging stations. For instance, under the Honda SmartCharge program, Enel X is currently working on the development of a solar-powered charging station in Hawaii (U.S.) in partnership with the Hawaiian Electric Company, Inc. Furthermore, various companies are working towards upgrading Electric Vehicle Supply Equipment (EVSE) to make them more convenient for long-distance travel. Some of the EV 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 would be able to charge their vehicles across EVgo’s charging network that comprises 750 public charging stations.

Report Scope of the Electric Vehicle Charging Infrastructure Market

Report Coverage

Report Scope Details
Market Size USD 144.10 Billion by 2027
Growth Rate CAGR of 33.0% From 2021 to 2027
Base Year 2020
Forecast Period 2021 to 2027
Historic Data 2017 to 2020
Report coverage Growth Factors, Revenue Status, Competitive Landscape,  and Future Trends
Segments Covered Charger type, connector, application And Region
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Companies Mentioned AeroVironment, Inc.; ABB; BP Chargemaster; ChargePoint, Inc.; ClipperCreek, Inc.; Eaton Corp.; General Electric Company; Leviton Manufacturing Co., Inc.; SemaConnect, Inc.; Schneider Electric; Siemens AG; Tesla, Inc.; Webasto SE

The demand for EVs has been growing in line with the rising awareness about environmental sustainability and the stringent limits several governments are putting on vehicular emissions. While private companies are focusing on developing innovative EV chargers and charging stations, governments are collaborating with these companies for rolling out EV Charging Infrastructure. In addition, technologies, such as Radio Frequency Identification (RFID) and Near-Field Communication (NFC), have enabled the installation of interactive, kiosk-based, and self-operated charging stations within highway charging stations. Several private organizations are keen on investing in the development of EV charging stations along the highways. All these factors are driving the demand for highway charging stations.

EV Charging Infrastructure Market Share By Connector, 2020 (%)

Connector Segment 2020 (%)
CHAdeMO 29 %
Combined Charging System (CCS) 37.2 %
Others 33.8 %

COVID-19 Impact on Electric Vehicle Charging Infrastructure Sales

  • Businesses today are operating in a dynamic environment. Earlier focus primarily concentrated on keeping pace with changing consumer preferences. COVID-19 outbreak was unprecedented and exposed vulnerabilities of various industries. Pandemic-induces obstacles also were registered in the Electric Vehicle Charging Infrastructure market.
  • Sales plummeted as COVID-19 gradually tightened its noose worldwide. Supply-chain disruptions caused massive losses, while demand took nose-dive as consumers remained indoors with affected countries implementing either partial or complete lockdown.
  • Gradual recovery however is on the cards with the roll out of vaccinations. Nonetheless, consecutive waves of the virus compelled businesses to stay prepared for the worst. As government and healthcare organizations successfully implement steps to contain the spread of COVID-19, industries have begun operations, albeit at a slow and more cautious pace.
  • Against this backdrop, Nova one advisor’s study predicts gradual recovery for the Electric Vehicle Charging Infrastructure market 2022 onwards. This trend will however continue through the course of the report’s assessment period

Regional analysis:

Asia Pacific led the global market in 2020 and accounted for a revenue share of more than 58%. Countries, such as China, Japan, and South Korea, are the hub of EVs and are heavily investing in the development of charging infrastructure. For instance, in October 2015, the Chinese Government announced its intention to invest in the deployment of EV infrastructure to accomplish the target for supporting 5 million EVs, on-road, by 2020. South Korea announced an investment of around USD 180.3 million for expanding the EV charging infrastructure across the nation as its endeavor to promote eco-friendly vehicles in the transportation sector. Moreover, Japan’s electric charging station surpassed the number of petrol stations with more than 40,000 charging outlets in 2020.

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. Furthermore, in October 2014, Germany established the German National Platform for Electric Mobility, an advisory body of the German Government, to analyze the development of electric mobility and the development of publicly accessible EV charging infrastructure. Other European countries, such as France and Belgium, are also focusing on the development of EV charging and support infrastructure to enable interoperability across different electric vehicles throughout the region.

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Recent report on the Electric Vehicle Charging Infrastructure market, with the help of a comprehensive outlook, provides readers with an assessment of the global market landscape. This study on the Electric Vehicle Charging Infrastructure market analyzes the scenario for the period of 2017 to 2027, wherein, 2022 is the base year and 2020 is historical data. This report enables readers to make important decisions with regard to their business, with the help of a wealth of Information enclosed in the study. The report also provides the compound annual growth rate (CAGR) of the global Electric Vehicle Charging Infrastructure market for the forecast period of 2021–2027. This data can help readers interpret quantitative growth aspects of the global market during the forecast period. It presents a wealth of information on key market dynamics, including drivers, market trends, and challenges, as well as the structure of the global market across the globe.

The report analyzes the historical and present-day scenario of the global Electric Vehicle Charging Infrastructure market to accurately gauge its growth potential. The study presents detailed information about important growth factors, restraints, and key trends that are creating the landscape for growth of the global market in order to identify opportunities for stakeholders.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments in the scope of the study. Moreover, the report sheds light on the changing competitive dynamics in the Electric Vehicle Charging Infrastructure market. These indices serve as valuable tools for existing market players as well as for entities interested in participating in the market.

The report delves into the competition landscape of the global Electric Vehicle Charging Infrastructure market. Key players operating in the market have been identified and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the Electric Vehicle Charging Infrastructure market that are profiled in this report.

Y-o-Y growth comparison, volume and revenue comparison, and market share comparison of various market segments are provided in the report. The Electric Vehicle Charging Infrastructure market is analyzed at both regional and country levels.

Key Players:

This report provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the Electric Vehicle Charging Infrastructure market and ranks noticeable companies as per their occurrence in diverse regions across globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.

Some of the prominent players in the Electric Vehicle Charging Infrastructure market include:

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

Segments Covered in the Report

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2027 and covers subsequent region in its scope:

  • By Charger Type
    • Slow Charger
    • Fast Charger
  • By Connector
    • CHAdeMO
    • Combined Charging System (CCS)
    • Others
  • By Application
    • Commercial
    • Residential

Research Methodology

A unique research methodology has been utilized to conduct a comprehensive research on the growth of the global Electric Vehicle Charging Infrastructure market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions. Secondary sources referred to by analysts during the production of the global market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of our study on the market as a primary source.

These primary and secondary sources provided exclusive information during interviews, which serves as a validation from mattress topper industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global Electric Vehicle Charging Infrastructure market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped to estimates the future prospects of the global market more reliable and accurate.

Key Questions are

  • What are the key factors influencing the Electric Vehicle Charging Infrastructure market in each region?
  • How much value will the global market generate by the end of the forecast period?
  • What will be the CAGR of the global market between 2021 and 2027?
  • What would be the Y-o-Y growth trend of the global market between 2021 and 2027?
  • What is the future scope and current trends in technologies of the global market?
  • What is the revenue of the global market based on segments?
  • Which key strategies are used by top players of the global market?
  • Which are the leading companies in the global market?
  • What are the essential strategies by key stakeholders in the market to expand their geographic presence?
  • What are the major advancements witnessed in the global market?

Why should you invest in this report?

If you are aiming to enter the global Electric Vehicle Charging Infrastructure market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Electric Vehicle Charging Infrastructure are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

TABLE OF CONTENT

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, 2021-2027

7.1.1. Slow Charger

7.1.1.1. Market Revenue and Forecast (2017-2027)

7.1.2. Fast Charger

7.1.2.1. Market Revenue and Forecast (2017-2027)

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

8.1. Electric Vehicle Charging Infrastructure Market, by Application, 2021-2027

8.1.1. Commercial

8.1.1.1. Market Revenue and Forecast (2017-2027)

8.1.2. Residential

8.1.2.1. Market Revenue and Forecast (2017-2027)

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

9.1. Electric Vehicle Charging Infrastructure Market, by Connector, 2021-2027

9.1.1. CHAdeMO

9.1.1.1. Market Revenue and Forecast (2017-2027)

9.1.2. Combined Charging System (CCS)

9.1.2.1. Market Revenue and Forecast (2017-2027)

9.1.3. Others

9.1.3.1. Market Revenue and Forecast (2017-2027)

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 (2017-2027)

10.1.2. Market Revenue and Forecast, by Application (2017-2027)

10.1.3. Market Revenue and Forecast, by Connector (2017-2027)

10.1.4. U.S.

10.1.4.1. Market Revenue and Forecast, by Charger (2017-2027)

10.1.4.2. Market Revenue and Forecast, by Application (2017-2027)

10.1.4.3. Market Revenue and Forecast, by Connector (2017-2027)

10.1.5. Rest of North America

10.1.5.1. Market Revenue and Forecast, by Charger (2017-2027)

10.1.5.2. Market Revenue and Forecast, by Application (2017-2027)

10.1.5.3. Market Revenue and Forecast, by Connector (2017-2027)

10.2. Europe

10.2.1. Market Revenue and Forecast, by Charger (2017-2027)

10.2.2. Market Revenue and Forecast, by Application (2017-2027)

10.2.3. Market Revenue and Forecast, by Connector (2017-2027)

10.2.4. UK

10.2.4.1. Market Revenue and Forecast, by Charger (2017-2027)

10.2.4.2. Market Revenue and Forecast, by Application (2017-2027)

10.2.4.3. Market Revenue and Forecast, by Connector (2017-2027)

10.2.5. Germany

10.2.5.1. Market Revenue and Forecast, by Charger (2017-2027)

10.2.5.2. Market Revenue and Forecast, by Application (2017-2027)

10.2.5.3. Market Revenue and Forecast, by Connector (2017-2027)

10.2.6. France

10.2.6.1. Market Revenue and Forecast, by Charger (2017-2027)

10.2.6.2. Market Revenue and Forecast, by Application (2017-2027)

10.2.6.3. Market Revenue and Forecast, by Connector (2017-2027)

10.2.7. Rest of Europe

10.2.7.1. Market Revenue and Forecast, by Charger (2017-2027)

10.2.7.2. Market Revenue and Forecast, by Application (2017-2027)

10.2.7.3. Market Revenue and Forecast, by Connector (2017-2027)

10.3. APAC

10.3.1. Market Revenue and Forecast, by Charger (2017-2027)

10.3.2. Market Revenue and Forecast, by Application (2017-2027)

10.3.3. Market Revenue and Forecast, by Connector (2017-2027)

10.3.4. India

10.3.4.1. Market Revenue and Forecast, by Charger (2017-2027)

10.3.4.2. Market Revenue and Forecast, by Application (2017-2027)

10.3.4.3. Market Revenue and Forecast, by Connector (2017-2027)

10.3.5. China

10.3.5.1. Market Revenue and Forecast, by Charger (2017-2027)

10.3.5.2. Market Revenue and Forecast, by Application (2017-2027)

10.3.5.3. Market Revenue and Forecast, by Connector (2017-2027)

10.3.6. Japan

10.3.6.1. Market Revenue and Forecast, by Charger (2017-2027)

10.3.6.2. Market Revenue and Forecast, by Application (2017-2027)

10.3.6.3. Market Revenue and Forecast, by Connector (2017-2027)

10.3.7. Rest of APAC

10.3.7.1. Market Revenue and Forecast, by Charger (2017-2027)

10.3.7.2. Market Revenue and Forecast, by Application (2017-2027)

10.3.7.3. Market Revenue and Forecast, by Connector (2017-2027)

10.4. MEA

10.4.1. Market Revenue and Forecast, by Charger (2017-2027)

10.4.2. Market Revenue and Forecast, by Application (2017-2027)

10.4.3. Market Revenue and Forecast, by Connector (2017-2027)

10.4.4. GCC

10.4.4.1. Market Revenue and Forecast, by Charger (2017-2027)

10.4.4.2. Market Revenue and Forecast, by Application (2017-2027)

10.4.4.3. Market Revenue and Forecast, by Connector (2017-2027)

10.4.5. North Africa

10.4.5.1. Market Revenue and Forecast, by Charger (2017-2027)

10.4.5.2. Market Revenue and Forecast, by Application (2017-2027)

10.4.5.3. Market Revenue and Forecast, by Connector (2017-2027)

10.4.6. South Africa

10.4.6.1. Market Revenue and Forecast, by Charger (2017-2027)

10.4.6.2. Market Revenue and Forecast, by Application (2017-2027)

10.4.6.3. Market Revenue and Forecast, by Connector (2017-2027)

10.4.7. Rest of MEA

10.4.7.1. Market Revenue and Forecast, by Charger (2017-2027)

10.4.7.2. Market Revenue and Forecast, by Application (2017-2027)

10.4.7.3. Market Revenue and Forecast, by Connector (2017-2027)

10.5. Latin America

10.5.1. Market Revenue and Forecast, by Charger (2017-2027)

10.5.2. Market Revenue and Forecast, by Application (2017-2027)

10.5.3. Market Revenue and Forecast, by Connector (2017-2027)

10.5.4. Brazil

10.5.4.1. Market Revenue and Forecast, by Charger (2017-2027)

10.5.4.2. Market Revenue and Forecast, by Application (2017-2027)

10.5.4.3. Market Revenue and Forecast, by Connector (2017-2027)

10.5.5. Rest of LATAM

10.5.5.1. Market Revenue and Forecast, by Charger (2017-2027)

10.5.5.2. Market Revenue and Forecast, by Application (2017-2027)

10.5.5.3. Market Revenue and Forecast, by Connector (2017-2027)

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

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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