Electric Vehicle (EV) Charging Service Market – Size, Scope, Forecast to – 2027

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Increase In Demand Analysis: The Global Electric Vehicle (EV) Charging Service Market Size is projected to reach 104.1 Billion USD by 2027, growing at a CAGR of 27.4% During 2021-2027. In this study, 2021 has been considered as the base year and 2021 to 2027 as the forecast period to estimate the market size for Electric Vehicle (EV) Charging Service.

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 Electric vehicle (EV) charging service comprises an EV charging station where an electric vehicle can be re-charged. Similar to fuel stations, charging stations are used for refilling the charge into electric vehicle batteries. As the number of electric vehicles is increasing, the demand for rapid charging is increasing. Generally, when the battery of an electric vehicle is about to dry, the rate of charging is high. As the battery gets charged, the rate of charging gradually decreases, which is called tapering. Tapering is noticeable at above 60% of charging. Therefore, vehicle manufacturers advise to charge vehicles up to 70% only.

Implementation of stringent emission norms is primarily driving the global EV charging service market. Several governments such as China, Germany, India, Brazil, and France have announced ban on use of diesel-powered vehicles, in order to minimize emissions. Governments of several other countries are likely to impose stringent emission norms in the near future in order to meet the Paris Climate Accord.

EV Charging Service Market – Segmentation
The global EV charging service market can be segmented based on charging station type, power output, and region. In terms of charging station type, the EV charging service market can be segmented into three categories: AC chargers, DC chargers, and one more. The AC chargers segment has been sub-divided into level-1 chargers and level-2 chargers. AC chargers are slower than DC chargers. Hence, the demand for DC chargers, which are also known as fast chargers, level-3 chargers, or level-4 chargers, is increasing.

In terms of power output, the global EV charging service market can be classified into three segments. Considering the current scenario, only a few models of Tesla vehicles are capable of charging at more than 100 Kw. Also, only a few vehicles are capable of charging at more than 50 Kw. Several electric vehicle models are capable of charging between 11 Kw and 50 Kw.

In terms of region, the global EV charging service market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Several countries in Europe are witnessing high adoption of electric vehicles. Countries such as Norway, Luxembourg, Germany, and the U.K. have a large number of electric vehicles, owing to which these countries witness significant demand for EV charging service points. The number of electric vehicles across China is increasing remarkably. Implementation of stringent emission norms and raised awareness about benefits of electric vehicles is propelling the demand for electric vehicles across China and India. Governments of several countries across Asia Pacific and Europe have announced to have about 40% of electric vehicles in the fleet of government vehicles. Increased government support and subsidies are likely to propel the global EV charging service market during the forecast period.

COVID-19 Impact on Electric Vehicle (EV) Charging Service 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 (EV) Charging Service 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 (EV) Charging Service market 2021 onwards. This trend will however continue through the course of the report’s assessment period

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Recent report on the Electric Vehicle (EV) Charging Service market, with the help of a comprehensive outlook, provides readers with an assessment of the global market landscape. This study on the Electric Vehicle (EV) Charging Service market analyzes the scenario for the period of 2017 to 2027, wherein, 2021 is the base year and 2021 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 (EV) Charging Service 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 (EV) Charging Service 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 (EV) Charging Service 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 (EV) Charging Service 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 (EV) Charging Service 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 (EV) Charging Service 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 (EV) Charging Service 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 (EV) Charging Service market include:

ABB, EVgo Services LLC., ChargePoint, Inc., Blink Charging Co., Allego, Schneider Electric, Toshiba Corporation, Wi Tricity Corporation, Mojo Mobility Inc., AeroVironment, Inc., Robert Bosch GmbH, General Electric, Evatran Group, Chargemaster plc, Siemens AG, and Tesla.

Market Segmentation:

The report is divided into major categories comprising product, application, regions and others. Every segment is further sub-segmented into several sub-segmented that are deeply analyzed by experts to offer valuable information to the buyers and market players. Every segment is studied thoroughly in order to offer a better picture to the buyers and stakeholders to benefit from. Information like highest prevailing product, highly demanded product by the application segment and end users are rightly mentioned in the Electric Vehicle (EV) Charging Service report.

By Charging Station Type

AC chargers

DC chargers

Others

By Power Output

11 Kw and 50 Kw

More than 50 Kw

More than 100 Kw

Research Methodology

A unique research methodology has been utilized to conduct a comprehensive research on the growth of the global Electric Vehicle (EV) Charging Service 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 (EV) Charging Service 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 (EV) Charging Service 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 (EV) Charging Service market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Electric Vehicle (EV) Charging Service 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 (EV) Charging Service Market, Charging Station Type

7.1.  Electric Vehicle (EV) Charging Service Market, Charging Station Type, 2021-2027

7.1.1.     AC chargers

7.1.1.1.          Market Revenue and Forecast (2016-2027)

7.1.2.     DC chargers

7.1.2.1.          Market Revenue and Forecast (2016-2027)

7.1.3.     Others

7.1.3.1.          Market Revenue and Forecast (2016-2027)

Chapter 8.    Global Electric Vehicle (EV) Charging Service Market, By Power Output

8.1.  Electric Vehicle (EV) Charging Service Market, By Power Output, 2021-2027

8.1.1.     11 Kw and 50 Kw

8.1.1.1.          Market Revenue and Forecast (2016-2027)

8.1.2.     More than 50 Kw

8.1.2.1.          Market Revenue and Forecast (2016-2027)

8.1.3.     More than 50 Kw

8.1.3.1.          Market Revenue and Forecast (2016-2027)

Chapter 9.    Global Electric Vehicle (EV) Charging Service Market, Regional Estimates and Trend Forecast

9.1.  North America

9.1.1.     Market Revenue and Forecast, Charging Station Type (2016-2027)

9.1.2.     Market Revenue and Forecast, By Power Output (2016-2027)

9.1.3.     U.S.

9.1.3.1.          Market Revenue and Forecast, Charging Station Type (2016-2027)

9.1.3.2.          Market Revenue and Forecast, By Power Output (2016-2027)

9.1.4.     Rest of North America

9.1.4.1.          Market Revenue and Forecast, Charging Station Type (2016-2027)

9.1.4.2.          Market Revenue and Forecast, By Power Output (2016-2027)

9.2.  Europe

9.2.1.     Market Revenue and Forecast, Charging Station Type (2016-2027)

9.2.2.     Market Revenue and Forecast, By Power Output (2016-2027)

9.2.3.     UK

9.2.3.1.          Market Revenue and Forecast, Charging Station Type (2016-2027)

9.2.3.2.          Market Revenue and Forecast, By Power Output (2016-2027)

9.2.4.     Germany

9.2.4.1.          Market Revenue and Forecast, Charging Station Type (2016-2027)

9.2.4.2.          Market Revenue and Forecast, By Power Output (2016-2027)

9.2.5.     France

9.2.5.1.          Market Revenue and Forecast, Charging Station Type (2016-2027)

9.2.5.2.          Market Revenue and Forecast, By Power Output (2016-2027)

9.2.6.     Rest of Europe

9.2.6.1.          Market Revenue and Forecast, Charging Station Type (2016-2027)

9.2.6.2.          Market Revenue and Forecast, By Power Output (2016-2027)

9.3.  APAC

9.3.1.     Market Revenue and Forecast, Charging Station Type (2016-2027)

9.3.2.     Market Revenue and Forecast, By Power Output (2016-2027)

9.3.3.     India

9.3.3.1.          Market Revenue and Forecast, Charging Station Type (2016-2027)

9.3.3.2.          Market Revenue and Forecast, By Power Output (2016-2027)

9.3.4.     China

9.3.4.1.          Market Revenue and Forecast, Charging Station Type (2016-2027)

9.3.4.2.          Market Revenue and Forecast, By Power Output (2016-2027)

9.3.5.     Japan

9.3.5.1.          Market Revenue and Forecast, Charging Station Type (2016-2027)

9.3.5.2.          Market Revenue and Forecast, By Power Output (2016-2027)

9.3.6.     Rest of APAC

9.3.6.1.          Market Revenue and Forecast, Charging Station Type (2016-2027)

9.3.6.2.          Market Revenue and Forecast, By Power Output (2016-2027)

9.4.  MEA

9.4.1.     Market Revenue and Forecast, Charging Station Type (2016-2027)

9.4.2.     Market Revenue and Forecast, By Power Output (2016-2027)

9.4.3.     GCC

9.4.3.1.          Market Revenue and Forecast, Charging Station Type (2016-2027)

9.4.3.2.          Market Revenue and Forecast, By Power Output (2016-2027)

9.4.4.     North Africa

9.4.4.1.          Market Revenue and Forecast, Charging Station Type (2016-2027)

9.4.4.2.          Market Revenue and Forecast, By Power Output (2016-2027)

9.4.5.     South Africa

9.4.5.1.          Market Revenue and Forecast, Charging Station Type (2016-2027)

9.4.5.2.          Market Revenue and Forecast, By Power Output (2016-2027)

9.4.6.     Rest of MEA

9.4.6.1.          Market Revenue and Forecast, Charging Station Type (2016-2027)

9.4.6.2.          Market Revenue and Forecast, By Power Output (2016-2027)

9.5.  Latin America

9.5.1.     Market Revenue and Forecast, Charging Station Type (2016-2027)

9.5.2.     Market Revenue and Forecast, By Power Output (2016-2027)

9.5.3.     Brazil

9.5.3.1.          Market Revenue and Forecast, Charging Station Type (2016-2027)

9.5.3.2.          Market Revenue and Forecast, By Power Output (2016-2027)

9.5.4.     Rest of LATAM

9.5.4.1.          Market Revenue and Forecast, Charging Station Type (2016-2027)

9.5.4.2.          Market Revenue and Forecast, By Power Output (2016-2027)

Chapter 10.   Company Profiles

10.1.                 ABB

10.1.1.  Company Overview

10.1.2.  Product Offerings

10.1.3.  Financial Performance

10.1.4.  Recent Initiatives

10.2.                 EVgo Services LLC.

10.2.1.  Company Overview

10.2.2.  Product Offerings

10.2.3.  Financial Performance

10.2.4.  Recent Initiatives

10.3.                 ChargePoint, Inc.

10.3.1.  Company Overview

10.3.2.  Product Offerings

10.3.3.  Financial Performance

10.3.4.  Recent Initiatives

10.4.                 Blink Charging Co.

10.4.1.  Company Overview

10.4.2.  Product Offerings

10.4.3.  Financial Performance

10.4.4.  Recent Initiatives

10.5.                 Allego

10.5.1.  Company Overview

10.5.2.  Product Offerings

10.5.3.  Financial Performance

10.5.4.  Recent Initiatives

10.6.                 Schneider Electric

10.6.1.  Company Overview

10.6.2.  Product Offerings

10.6.3.  Financial Performance

10.6.4.  Recent Initiatives

10.7.                 Toshiba Corporation

10.7.1.  Company Overview

10.7.2.  Product Offerings

10.7.3.  Financial Performance

10.7.4.  Recent Initiatives

10.8.                 Wi Tricity Corporation

10.8.1.  Company Overview

10.8.2.  Product Offerings

10.8.3.  Financial Performance

10.8.4.  Recent Initiatives

10.9.                 Mojo Mobility Inc.

10.9.1.  Company Overview

10.9.2.  Product Offerings

10.9.3.  Financial Performance

10.9.4.  Recent Initiatives

10.10.              AeroVironment, Inc.

10.10.1.                   Company Overview

10.10.2.                   Product Offerings

10.10.3.                   Financial Performance

10.10.4.                   Recent Initiatives

Chapter 11.   Research Methodology

11.1.                 Primary Research

11.2.                 Secondary Research

11.3.                 Assumptions

Chapter 12.   Appendix

12.1.                 About Us

12.2.                 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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