The global Electric Vehicle Charging Station market size is expected to surpass around US$ 39.2 billion by 2027 and the market is expected to garner growth at a CAGR of 40.7% over the forecast period 2021 to 2027.
The Electric Vehicle Charging Station market report covers a detailed analysis for the historic period 2017-2020, considering 2021 as the base year and forecast (growth) for 2021-2027.
Growth Factors
Commercial success for electric vehicles needs installation of charging infrastructure which is reachable, accessible, and comparatively reasonable irrespective of their location. Strategic initiatives taken by some of the major players to provide free charging facility to the electric vehicle owners will provide traction to the market growth. In addition, rising trend of home & workplace charging stations or private charging stations in North American and European countries attributed to boost the AC charging station market size.
Private charging provides fast and reliable charging with no time constraint, which may provide ease of EV charging to the vehicle owners. However, lack of standardization coupled with various costs associated with charging station such as operational, maintenance, and installation costs may hinder the market growth. In addition, the looming under investment for the EV charging station development projects projected to hamper the growth of the market. The European Environment Agency (EEA) revealed that only 10 out of 28 European countries have received the incentives for the development of EV charging infrastructure as of May 2016.
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Market Report Scope
| Report Highlights | Details |
| Market Size | USD 39.2 Billion by 2027 |
| Growth Rate | CAGR of 40.7% from 2020 to 2027 |
| Largest Market | Asia Pacific |
| Fastest Growing Market | Europe and North America |
| Base Year | 2021 |
| Forecast Period | 2021 to 2027 |
Market Overview
A recent study by Precedence Research on the Electric Vehicle Charging Station market offers a forecast for 2021 and 2027. The study analyzes crucial trends that are currently determining the growth of the Electric Vehicle Charging Station market. This report explicates on vital dynamics such as the drivers, restraints, and opportunities for key market players, along with key stakeholders as well as emerging players associated with the manufacturing of Electric Vehicle Charging Station. The study also provides the dynamics that are responsible for influencing the future status of the Electric Vehicle Charging Station market over the forecast period.
A detailed assessment of the Electric Vehicle Charging Station market value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the Electric Vehicle Charging Station market along with their product portfolio enhances the reliability of this comprehensive research study.
Report Highlights
- Asia Pacific was the dominant region in 2019 and is expected to be the most attractive market during the forecast period. China, India, Japan, and Korea are some of the most lucrative regions for the electric vehicle charging station market growth. Rising investments and government initiatives are the major factors for its significant growth.
- North America and Europe are the significant revenue contributors in the global electric vehicle market with substantial growth. Government’s targets to curb the carbon emission and boost the adoption of electric vehicles are some of the major factors driving the EV charging station market in these regions.
- DC charging point led the market share with approximately 60% of the revenue share in 2019 owing to fast charging capability and attractive pricing of the DC charging. However, wireless charging expected to witness the fastest growth rate during the forecast period.
- By end user segment, public type charging station dominated the global EV charging station market because they are more economical to the manufacturer. Moreover, they offer larger paring space and are accessible to all public.
- Asia Pacific projected as the most opportunistic region for this market during the forecast period. The prime factor attributed to significant investment by government of various Asian countries to promote the adoption of EV coupled with different initiative by government to reduce the carbon footprint in their areas. In September 2019, South Korea announced nearly USD 900 million for the e-mobility subsidies. Out of the total amount, USD 609 million is planned to be used for the development of EV charging infrastructure. Similarly, in June 2020, Tata Power announced its plan to expand the EV charging network in India by over 700 by the end of the year 2021.
- Europe and North America are the other most prominent regions in the global electric vehicle charging station market. The regions have their prime focus to increase the battery-powered fleet and reduce the harmful gas emission. Being center for several technological giants, the regions are investing significantly by providing loans and other benefits to the EV startups and established manufacturers.
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OBJECTIVES OF THE STUDY
- To analyze and forecast the electric motor market, in terms of value and volume
- To provide information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
- To define, segment, and project the size of the global electric motor market on the product type, end-use and other segments
- To project the size of the market, with respect to five main regions, namely, North America, Europe, Asia Pacific (APAC), the Middle East & Africa, and South America, with their key countries
- To strategically analyze micro markets with respect to individual growth trends, growth prospects, and their contribution to the total market
- To analyze opportunities in the market for stakeholders and provide a competitive landscape of the market leaders
- To strategically profile key players and comprehensively analyze their core competencies
- To track and analyze research & development (R&D) and competitive developments such as joint ventures, mergers & acquisitions, and new product developments in the electric motor market
Research Methodology
- Market estimate for 2020
- Average selling price (ASP) per region for specific product type
- Filtrations and assortment of gathered data, to estimate the base year (2021) market size for the country
- Gathering data from company websites, annual reports, white papers, financial reports, broker reports, investor presentations, and SEC filings
- National government documents, statistical databases
- News articles, press releases, and webcasts specific to companies operating in the market
- Country wise analysis through internal and external proprietary databases, and relevant patent and regulatory databases
- Determination of market penetration by country
Read More About Electric Vehicle Charging Station Market https://www.globenewswire.com/fr/news-release/2021/01/08/2155303/0/en/Electric-Vehicle-Charging-Station-Market-Size-to-Surpass-Around-USD-39-2-Bn-by-2027.html
Major Players Covered in this Report
The updated market research report on electric motor market allows the buyers and manufacturers to stay updated with the current market trends, ongoing happenings, and a clear picture on the market scenario. List of key players included in the research report will help the market vendors to know their market position and plan more operational strategies to gain topmost position among other players. The report offers crucial company information on each market player, such as company profile, financial information, and recently adopted growth strategies. This will help other existing players and the new entrants to plan strategies and establish their presence in the market.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
- Company Overview
- Company Market Share/Positioning Analysis
- Product Offerings
- Financial Performance
- Recent Initiatives
- Key Strategies Adopted by Players
- Vendor Landscape
- List of Suppliers
- List of Buyers
Major key players operating in the market are
- ABB Ltd.
- ChargePoint, Inc.
- EVgo Services LLC.
- Allego
- Scheinder Electric
- Blink Charging Co.
- Wi Tricity Corporation
- Toshiba Corporation
- AeroViroment, Inc.
- Mojo Mobility, Inc.
- General Electric
- Robert Bosch GmbH
- Chargemaster plc.
- Evatran Group
- HellaKGaAHueck& Co.
- Siemens AG
- Leviton Manufacturing Co., Inc.
- Efacec
- Alfen N.V.
- Denso Corporation
- Elix Wireless
- Tesla Inc.
- ClipperCreek
- Engie
- Infineon Technologies AG
- Qualcomm Technologies, Inc.
Segments Covered in the Report
By Charging Station Type
- AC Charging
- DC Charging
- Wireless Charging
By Power Output
- <11KW
- 11KW-50KW
- >50KW
By Supplier Type
- OE Charging Station
- Private Charging Station
By End User
- Private Type
- Public Type
By Geography
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of the World
Why should you invest in this report?
If you are aiming to enter the global Electric Vehicle Charging Station market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for plastic compounds 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
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 Station Market, By Charging Station
7.1. Electric Vehicle Charging Station Market, by Charging Station Type, 2020-2027
7.1.1. AC Charging
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. DC Charging
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Wireless Charging
7.1.3.1. Market Revenue and Forecast (2016-2027)
Chapter 8. Global Electric Vehicle Charging Station Market, By Power Output
8.1. Electric Vehicle Charging Station Market, by Power Output, 2020-2027
8.1.1. <11KW
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. 11KW-50KW
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. >50KW
8.1.3.1. Market Revenue and Forecast (2016-2027)
Chapter 9. Global Electric Vehicle Charging Station Market, By Supplier Type
9.1. Electric Vehicle Charging Station Market, by Supplier Type, 2020-2027
9.1.1. OE Charging Station
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Private Charging Station
9.1.2.1. Market Revenue and Forecast (2016-2027)
Chapter 10. Global Electric Vehicle Charging Station Market, By End User
10.1. Electric Vehicle Charging Station Market, by End User, 2020-2027
10.1.1. Private Type
10.1.1.1. Market Revenue and Forecast (2016-2027)
10.1.2. Public Type
10.1.2.1. Market Revenue and Forecast (2016-2027)
Chapter 11. Global Electric Vehicle Charging Station Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Charging Station (2016-2027)
11.1.2. Market Revenue and Forecast, by Power Output (2016-2027)
11.1.3. Market Revenue and Forecast, by Supplier Type (2016-2027)
11.1.4. Market Revenue and Forecast, by End User (2016-2027)
11.1.5. U.S.
11.1.5.1. Market Revenue and Forecast, by Charging Station (2016-2027)
11.1.5.2. Market Revenue and Forecast, by Power Output (2016-2027)
11.1.5.3. Market Revenue and Forecast, by Supplier Type (2016-2027)
11.1.5.4. Market Revenue and Forecast, by End User (2016-2027)
11.1.6. Rest of North America
11.1.6.1. Market Revenue and Forecast, by Charging Station (2016-2027)
11.1.6.2. Market Revenue and Forecast, by Power Output (2016-2027)
11.1.6.3. Market Revenue and Forecast, by Supplier Type (2016-2027)
11.1.6.4. Market Revenue and Forecast, by End User (2016-2027)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Charging Station (2016-2027)
11.2.2. Market Revenue and Forecast, by Power Output (2016-2027)
11.2.3. Market Revenue and Forecast, by Supplier Type (2016-2027)
11.2.4. Market Revenue and Forecast, by End User (2016-2027)
11.2.5. UK
11.2.5.1. Market Revenue and Forecast, by Charging Station (2016-2027)
11.2.5.2. Market Revenue and Forecast, by Power Output (2016-2027)
11.2.5.3. Market Revenue and Forecast, by Supplier Type (2016-2027)
11.2.5.4. Market Revenue and Forecast, by End User (2016-2027)
11.2.6. Germany
11.2.6.1. Market Revenue and Forecast, by Charging Station (2016-2027)
11.2.6.2. Market Revenue and Forecast, by Power Output (2016-2027)
11.2.6.3. Market Revenue and Forecast, by Supplier Type (2016-2027)
11.2.6.4. Market Revenue and Forecast, by End User (2016-2027)
11.2.7. France
11.2.7.1. Market Revenue and Forecast, by Charging Station (2016-2027)
11.2.7.2. Market Revenue and Forecast, by Power Output (2016-2027)
11.2.7.3. Market Revenue and Forecast, by Supplier Type (2016-2027)
11.2.7.4. Market Revenue and Forecast, by End User (2016-2027)
11.2.8. Rest of Europe
11.2.8.1. Market Revenue and Forecast, by Charging Station (2016-2027)
11.2.8.2. Market Revenue and Forecast, by Power Output (2016-2027)
11.2.8.3. Market Revenue and Forecast, by Supplier Type (2016-2027)
11.2.8.4. Market Revenue and Forecast, by End User (2016-2027)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Charging Station (2016-2027)
11.3.2. Market Revenue and Forecast, by Power Output (2016-2027)
11.3.3. Market Revenue and Forecast, by Supplier Type (2016-2027)
11.3.4. Market Revenue and Forecast, by End User (2016-2027)
11.3.5. India
11.3.5.1. Market Revenue and Forecast, by Charging Station (2016-2027)
11.3.5.2. Market Revenue and Forecast, by Power Output (2016-2027)
11.3.5.3. Market Revenue and Forecast, by Supplier Type (2016-2027)
11.3.5.4. Market Revenue and Forecast, by End User (2016-2027)
11.3.6. China
11.3.6.1. Market Revenue and Forecast, by Charging Station (2016-2027)
11.3.6.2. Market Revenue and Forecast, by Power Output (2016-2027)
11.3.6.3. Market Revenue and Forecast, by Supplier Type (2016-2027)
11.3.6.4. Market Revenue and Forecast, by End User (2016-2027)
11.3.7. Japan
11.3.7.1. Market Revenue and Forecast, by Charging Station (2016-2027)
11.3.7.2. Market Revenue and Forecast, by Power Output (2016-2027)
11.3.7.3. Market Revenue and Forecast, by Supplier Type (2016-2027)
11.3.7.4. Market Revenue and Forecast, by End User (2016-2027)
11.3.8. Rest of APAC
11.3.8.1. Market Revenue and Forecast, by Charging Station (2016-2027)
11.3.8.2. Market Revenue and Forecast, by Power Output (2016-2027)
11.3.8.3. Market Revenue and Forecast, by Supplier Type (2016-2027)
11.3.8.4. Market Revenue and Forecast, by End User (2016-2027)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Charging Station (2016-2027)
11.4.2. Market Revenue and Forecast, by Power Output (2016-2027)
11.4.3. Market Revenue and Forecast, by Supplier Type (2016-2027)
11.4.4. Market Revenue and Forecast, by End User (2016-2027)
11.4.5. GCC
11.4.5.1. Market Revenue and Forecast, by Charging Station (2016-2027)
11.4.5.2. Market Revenue and Forecast, by Power Output (2016-2027)
11.4.5.3. Market Revenue and Forecast, by Supplier Type (2016-2027)
11.4.5.4. Market Revenue and Forecast, by End User (2016-2027)
11.4.6. North Africa
11.4.6.1. Market Revenue and Forecast, by Charging Station (2016-2027)
11.4.6.2. Market Revenue and Forecast, by Power Output (2016-2027)
11.4.6.3. Market Revenue and Forecast, by Supplier Type (2016-2027)
11.4.6.4. Market Revenue and Forecast, by End User (2016-2027)
11.4.7. South Africa
11.4.7.1. Market Revenue and Forecast, by Charging Station (2016-2027)
11.4.7.2. Market Revenue and Forecast, by Power Output (2016-2027)
11.4.7.3. Market Revenue and Forecast, by Supplier Type (2016-2027)
11.4.7.4. Market Revenue and Forecast, by End User (2016-2027)
11.4.8. Rest of MEA
11.4.8.1. Market Revenue and Forecast, by Charging Station (2016-2027)
11.4.8.2. Market Revenue and Forecast, by Power Output (2016-2027)
11.4.8.3. Market Revenue and Forecast, by Supplier Type (2016-2027)
11.4.8.4. Market Revenue and Forecast, by End User (2016-2027)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Charging Station (2016-2027)
11.5.2. Market Revenue and Forecast, by Power Output (2016-2027)
11.5.3. Market Revenue and Forecast, by Supplier Type (2016-2027)
11.5.4. Market Revenue and Forecast, by End User (2016-2027)
11.5.5. Brazil
11.5.5.1. Market Revenue and Forecast, by Charging Station (2016-2027)
11.5.5.2. Market Revenue and Forecast, by Power Output (2016-2027)
11.5.5.3. Market Revenue and Forecast, by Supplier Type (2016-2027)
11.5.5.4. Market Revenue and Forecast, by End User (2016-2027)
11.5.6. Rest of LATAM
11.5.6.1. Market Revenue and Forecast, by Charging Station (2016-2027)
11.5.6.2. Market Revenue and Forecast, by Power Output (2016-2027)
11.5.6.3. Market Revenue and Forecast, by Supplier Type (2016-2027)
11.5.6.4. Market Revenue and Forecast, by End User (2016-2027)
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. ChargePoint, Inc.
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. EVgo Services LLC.
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Allego
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Scheinder Electric
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Blink Charging Co.
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Wi Tricity Corporation
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Toshiba Corporation
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. AeroViroment, Inc.
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Mojo Mobility, Inc.
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
12.11. General Electric
12.11.1. Company Overview
12.11.2. Product Offerings
12.11.3. Financial Performance
12.11.4. Recent Initiatives
12.12. Robert Bosch GmbH
12.12.1. Company Overview
12.12.2. Product Offerings
12.12.3. Financial Performance
12.12.4. Recent Initiatives
12.13. Chargemaster plc.
12.13.1. Company Overview
12.13.2. Product Offerings
12.13.3. Financial Performance
12.13.4. Recent Initiatives
12.14. Evatran Group
12.14.1. Company Overview
12.14.2. Product Offerings
12.14.3. Financial Performance
12.14.4. Recent Initiatives
12.15. HellaKGaAHueck& Co.
12.15.1. Company Overview
12.15.2. Product Offerings
12.15.3. Financial Performance
12.15.4. Recent Initiatives
12.16. Siemens AG
12.16.1. Company Overview
12.16.2. Product Offerings
12.16.3. Financial Performance
12.16.4. Recent Initiatives
12.17. Leviton Manufacturing Co., Inc.
12.17.1. Company Overview
12.17.2. Product Offerings
12.17.3. Financial Performance
12.17.4. Recent Initiatives
12.18. Efacec
12.18.1. Company Overview
12.18.2. Product Offerings
12.18.3. Financial Performance
12.18.4. 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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