Electric Vehicle Supply Equipment Market Size is Anticipated to Hit US$ 212 Billion by 2030

Precedence Research recently published a report titled “Electric Vehicle Supply Equipment – Global Industry Analysis, Size, Share, Trends, Growth, Regional Outlook, and Forecast 2021-2030”

The global electric vehicle supply equipment market size is projected to hit USD 212 billion by 2030 and is anticipated to grow with a healthy CAGR of 36% over the forecast period 2021-2030.

The report contains 150+ pages with detailed analysis. The base year for the study has been considered 2021, the historic year 2017 to 2020, the forecast period considered is from 2021 to 2030.

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Electric vehicle supply equipment is used for charging EVs in various commercial and residential locations that includes homes, highways, corporate offices, hotels, parks, and bus depots. The market growth of electric vehicle supply equipment is mainly favored by the initiatives taken by private and public sector to spur the rate of adoption of electric vehicles across the world. In accordance to the same, government bodies of various nations have also started offering different types of benefits such as subsidies &tax benefits and financial incentives to encourage people for buying electric vehicles. This in turn contributes significantly for the market growth of electric vehicle supply equipment.

Market Scope:

Report Highlights Details
Market Size USD 212 Billion by 2030
Growth Rate CAGR of 36% From 2021 and 2030
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Produc, Charging Station, Application, Power
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, South America

Countries that are the largest producers of electricity such as USA and China charge lower tariffs for the electricity consumed by electric vehicle supply equipment (EVSE), this again drives the EVSE market. Further, increasing initiatives by the government of different countries for signing contracts with the EVSE market participants for the development of charging infrastructure in their region again thrives the market growth for EVSE. Apart from government bodies, private companies are taking keen interest in signing contract with the EVSE players to deploy EV charging station for their customers and employees. For instance, General Motors Company and the Coca-Cola Company have signed a partnership agreement for the development of charging stations for Coca-Cola employees.

With the prolonged effect of coronavirus several industries have witnessed a decline in their sales and production due to broken supply chain, automotive industry is among them. Market players for electric vehicle supply equipment have also witnessed slow growth in the sale of electric vehicles and thus slow growth of EVSE market. However, rising concern for environment protection is likely to propel the demand for electric vehicle supply equipment over the upcoming years.

DC power type segment led the global electric vehicle supply equipment market in the year 2020 and anticipated to grow at a rapid rate during the forecast period. The prominent growth of the segment is majorly attributed to the significant rise in the amount of Public-Private Partnerships (PPP) primarily for the advancement of level-1as well as level-2 DC charging stations mostly in the commercial locations. Further, DC charging stations help to charge electric vehicles faster compared to AC chargers.

However, AC power segment also witness prominent growth over the analysis period because of increasing emphasis by leading EV manufacturers such as General Motors, BMW of America, Tesla to provide AC-powered portable chargers as a complimentary feature in electric vehicles. Further, various contractors that include Joju Solar has increased their emphasis on the installation, operation, and maintenance of electric vehicle charging stations prominently in the residential areas, this results in the accelerating growth of the AC power segment in the global EVSE market.

By geography, the Asia Pacific emerged as the front-runner in the global electric vehicle supply equipment market accounting for a revenue share of more than 50% in the year 2020 and estimated to project the fastest growth over the upcoming years. The accelerating growth of the region is primarily attributed to the increasing emphasis of governments of various countries towards the adoption of electric vehicles as well as supporting infrastructure in order to encourage various globally established players along with startups companies to develop new charging infrastructure in collaboration with the government bodies.

Market players in the global electric vehicle supply equipment are witnessing high degree of competition owing to rapidly increasing investments for the research & development of new, attractive, and innovative products. This has also triggered the race for gaining higher benefit from untapped market in the developing or under developed regions. For the same, industry participants are adopting various growth strategies such as merger & acquisition, regional expansion, partnerships & collaboration, and many others in order to gain maximum competitive advantage as well as to maintain its competitive edge across the globe.

Some of the key players in the global electric vehicle supply equipment market are ABB Ltd., AeroVironment Inc., ChargePoint Inc., Chargemaster PLC, ClipperCreek Inc., Eaton Corporation, SemaConnect Inc., Leviton Manufacturing Co. Inc., Schneider Electric SE,Tesla Inc., Siemens AG, Webasto SE, EVOTEC AG, Delta Electronics Inc., Ecotap BV, Heliox, and COMECA Group among others.

Electric vehicle supply equipment is used for charging EVs in various commercial and residential locations that includes homes, highways, corporate offices, hotels, parks, and bus depots. The market growth of electric vehicle supply equipment is mainly favored by the initiatives taken by private and public sector to spur the rate of adoption of electric vehicles across the world. In accordance to the same, government bodies of various nations have also started offering different types of benefits such as subsidies &tax benefits and financial incentives to encourage people for buying electric vehicles. This in turn contributes significantly for the market growth of electric vehicle supply equipment.

Market Segmentation

By Power Type

  • DC Power
    • Level 1
    • Level 2
    • Level 3
  • AC Power
    • Level 1
    • Level 2
    • Level 3

By Product

  • EV Charging Kiosk
  • Portable Charger
  • Onboard Charging Station
  • Others

By Charging Station Type

  • Super Charging
  • Normal Charging
  • Inductive Charging

By Application               

  • Residential
  • Commercial
    • Highway Charging Station
    • Destination Charging Station
    • Fleet Charging Station
    • Bus Charging Station
    • Others

By Regional Outlook

  • North America
    • US
    • Rest of North America
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC
    • North Africa
    • South Africa
    • Rest of the Middle East & Africa

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 Supply EquipmentMarket, By Power Type

7.1. Electric Vehicle Supply Equipment Market, by Power Type, 2021-2030

7.1.1. DC Power

7.1.1.1. Market Revenue and Forecast (2017-2030)

7.1.1.2. Level 1

7.1.1.3. Level 2

7.1.1.4. Level 3

7.1.2. AC Power

7.1.2.1. Market Revenue and Forecast (2017-2030)

7.1.2.2. Level 1

7.1.2.3. Level 2

7.1.2.4. Level 3

Chapter 8. Global Electric Vehicle Supply EquipmentMarket, By Product

8.1. Electric Vehicle Supply Equipment Market, by Product, 2021-2030

8.1.1. EV Charging Kiosk

8.1.1.1. Market Revenue and Forecast (2017-2030)

8.1.2. Portable Charger

8.1.2.1. Market Revenue and Forecast (2017-2030)

8.1.3. Onboard Charging Station

8.1.3.1. Market Revenue and Forecast (2017-2030)

8.1.4. Others

8.1.4.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Electric Vehicle Supply EquipmentMarket, By Charging Station Type

9.1. Electric Vehicle Supply Equipment Market, by Charging Station Type, 2021-2030

9.1.1. Super Charging

9.1.1.1. Market Revenue and Forecast (2017-2030)

9.1.2. Normal Charging

9.1.2.1. Market Revenue and Forecast (2017-2030)

9.1.3. Inductive Charging

9.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global Electric Vehicle Supply EquipmentMarket, By Application

10.1. Electric Vehicle Supply Equipment Market, by Application, 2021-2030

10.1.1. Residential

10.1.1.1. Market Revenue and Forecast (2017-2030)

10.1.2. Commercial

10.1.2.1. Market Revenue and Forecast (2017-2030)

10.1.2.2. Highway Charging Station

10.1.2.3. Destination Charging Station

10.1.2.4. Fleet Charging Station

10.1.2.5. Bus Charging Station

10.1.2.6. Others

Chapter 11. Global Electric Vehicle Supply Equipment Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Power Type (2017-2030)

11.1.2. Market Revenue and Forecast, by Product (2017-2030)

11.1.3. Market Revenue and Forecast, by Charging Station Type (2017-2030)

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

11.1.5. U.S.

11.1.5.1. Market Revenue and Forecast, by Power Type (2017-2030)

11.1.5.2. Market Revenue and Forecast, by Product (2017-2030)

11.1.5.3. Market Revenue and Forecast, by Charging Station Type (2017-2030)

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

11.1.6. Rest of North America

11.1.6.1. Market Revenue and Forecast, by Power Type (2017-2030)

11.1.6.2. Market Revenue and Forecast, by Product (2017-2030)

11.1.6.3. Market Revenue and Forecast, by Charging Station Type (2017-2030)

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

11.2. Europe

11.2.1. Market Revenue and Forecast, by Power Type (2017-2030)

11.2.2. Market Revenue and Forecast, by Product (2017-2030)

11.2.3. Market Revenue and Forecast, by Charging Station Type (2017-2030)

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

11.2.5. UK

11.2.5.1. Market Revenue and Forecast, by Power Type (2017-2030)

11.2.5.2. Market Revenue and Forecast, by Product (2017-2030)

11.2.5.3. Market Revenue and Forecast, by Charging Station Type (2017-2030)

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

11.2.6. Germany

11.2.6.1. Market Revenue and Forecast, by Power Type (2017-2030)

11.2.6.2. Market Revenue and Forecast, by Product (2017-2030)

11.2.6.3. Market Revenue and Forecast, by Charging Station Type (2017-2030)

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

11.2.7. France

11.2.7.1. Market Revenue and Forecast, by Power Type (2017-2030)

11.2.7.2. Market Revenue and Forecast, by Product (2017-2030)

11.2.7.3. Market Revenue and Forecast, by Charging Station Type (2017-2030)

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

11.2.8. Rest of Europe

11.2.8.1. Market Revenue and Forecast, by Power Type (2017-2030)

11.2.8.2. Market Revenue and Forecast, by Product (2017-2030)

11.2.8.3. Market Revenue and Forecast, by Charging Station Type (2017-2030)

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

11.3. APAC

11.3.1. Market Revenue and Forecast, by Power Type (2017-2030)

11.3.2. Market Revenue and Forecast, by Product (2017-2030)

11.3.3. Market Revenue and Forecast, by Charging Station Type (2017-2030)

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

11.3.5. India

11.3.5.1. Market Revenue and Forecast, by Power Type (2017-2030)

11.3.5.2. Market Revenue and Forecast, by Product (2017-2030)

11.3.5.3. Market Revenue and Forecast, by Charging Station Type (2017-2030)

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

11.3.6. China

11.3.6.1. Market Revenue and Forecast, by Power Type (2017-2030)

11.3.6.2. Market Revenue and Forecast, by Product (2017-2030)

11.3.6.3. Market Revenue and Forecast, by Charging Station Type (2017-2030)

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

11.3.7. Japan

11.3.7.1. Market Revenue and Forecast, by Power Type (2017-2030)

11.3.7.2. Market Revenue and Forecast, by Product (2017-2030)

11.3.7.3. Market Revenue and Forecast, by Charging Station Type (2017-2030)

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

11.3.8. Rest of APAC

11.3.8.1. Market Revenue and Forecast, by Power Type (2017-2030)

11.3.8.2. Market Revenue and Forecast, by Product (2017-2030)

11.3.8.3. Market Revenue and Forecast, by Charging Station Type (2017-2030)

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

11.4. MEA

11.4.1. Market Revenue and Forecast, by Power Type (2017-2030)

11.4.2. Market Revenue and Forecast, by Product (2017-2030)

11.4.3. Market Revenue and Forecast, by Charging Station Type (2017-2030)

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

11.4.5. GCC

11.4.5.1. Market Revenue and Forecast, by Power Type (2017-2030)

11.4.5.2. Market Revenue and Forecast, by Product (2017-2030)

11.4.5.3. Market Revenue and Forecast, by Charging Station Type (2017-2030)

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

11.4.6. North Africa

11.4.6.1. Market Revenue and Forecast, by Power Type (2017-2030)

11.4.6.2. Market Revenue and Forecast, by Product (2017-2030)

11.4.6.3. Market Revenue and Forecast, by Charging Station Type (2017-2030)

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

11.4.7. South Africa

11.4.7.1. Market Revenue and Forecast, by Power Type (2017-2030)

11.4.7.2. Market Revenue and Forecast, by Product (2017-2030)

11.4.7.3. Market Revenue and Forecast, by Charging Station Type (2017-2030)

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

11.4.8. Rest of MEA

11.4.8.1. Market Revenue and Forecast, by Power Type (2017-2030)

11.4.8.2. Market Revenue and Forecast, by Product (2017-2030)

11.4.8.3. Market Revenue and Forecast, by Charging Station Type (2017-2030)

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

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Power Type (2017-2030)

11.5.2. Market Revenue and Forecast, by Product (2017-2030)

11.5.3. Market Revenue and Forecast, by Charging Station Type (2017-2030)

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

11.5.5. Brazil

11.5.5.1. Market Revenue and Forecast, by Power Type (2017-2030)

11.5.5.2. Market Revenue and Forecast, by Product (2017-2030)

11.5.5.3. Market Revenue and Forecast, by Charging Station Type (2017-2030)

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

11.5.6. Rest of LATAM

11.5.6.1. Market Revenue and Forecast, by Power Type (2017-2030)

11.5.6.2. Market Revenue and Forecast, by Product (2017-2030)

11.5.6.3. Market Revenue and Forecast, by Charging Station Type (2017-2030)

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

Chapter 12. Company Profiles

12.1. ABB Ltd.

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. AeroVironment Inc.

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. ChargePoint, Inc.

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Chargemaster PLC

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. ClipperCreek, Inc.

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Eaton Corporation

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. SemaConnect, Inc.

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Leviton Manufacturing Co., Inc.

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Schneider Electric SE

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Tesla, Inc.

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

12.11. Siemens AG

12.11.1. Company Overview

12.11.2. Product Offerings

12.11.3. Financial Performance

12.11.4. Recent Initiatives

12.12. Webasto SE

12.12.1. Company Overview

12.12.2. Product Offerings

12.12.3. Financial Performance

12.12.4. Recent Initiatives

12.13. EVOTEC AG

12.13.1. Company Overview

12.13.2. Product Offerings

12.13.3. Financial Performance

12.13.4. Recent Initiatives

12.14. Delta Electronics, Inc.

12.14.1. Company Overview

12.14.2. Product Offerings

12.14.3. Financial Performance

12.14.4. Recent Initiatives

12.15. Ecotap BV

12.15.1. Company Overview

12.15.2. Product Offerings

12.15.3. Financial Performance

12.15.4. Recent Initiatives

12.16. Heliox

12.16.1. Company Overview

12.16.2. Product Offerings

12.16.3. Financial Performance

12.16.4. Recent Initiatives

12.17. COMECA Group

12.17.1. Company Overview

12.17.2. Product Offerings

12.17.3. Financial Performance

12.17.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.