May 22, 2024

Electric Vehicle Charging Station Market to Witness Significant Growth by 2030

[150+ Pages Report] As per the latest Research and survey report issued by Precedence Research, the global electric vehicle charging station market was valued at around USD 35.50 billion in 2021 and is expected to register revenues worth USD 417.35 billion by the end of 2030, growing at an exceptional CAGR of approximately 31.5% between 2022 and 2030.

Electric Vehicle Charging Station

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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.

Report Scope of the Electric Vehicle Charging Station Market
Report HighlightsDetails
Market SizeUSD 417.35 Billion by 2030
Growth RateCAGR of 31.5% from 2022 to 2030
Largest MarketAsia Pacific
Fastest Growing MarketEurope and North America
Base Year2021
Forecast Period2022 to 20230
Segments CoveredCharging Station Type, Power Output, Supplier Type, End User, Geography
Companies MentionedABB 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
Scope of the Report

A recent study by Precedence Research on the electric vehicle charging station market offers a forecast for 2020 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.
Competition Landscape

The report has engulfed a chapter on the global electric vehicle market’s competitive landscape, which provides detailed analysis and insights on companies offering electric vehicle. Profiles of key companies, along with a strategic overview of their M&A and expansion plans across geographies, have been delivered in this chapter. This chapter is priceless for report readers, as its enables them in gauging their growth potential in the market and implement key strategies for extending their market reach.

This chapter offers key recommendations for both new and existing market participants, enabling them to emerge sustainably and profitably. Intelligence on the market players has been delivered on the basis of their product overview, SWOT analysis, key developments, key financials and company overview. Occupancy of these market participants has been tracked by the report and portrayed via an intensity map.

Some of the prominent players in the electric vehicle charging station market include:
  • 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.

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Segments Covered in the Report

By Level of Charging

  • Level 1
  • Level 2
  • Level 3

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 Vehicle Type

  • Passenger Cars
  • Battery Electric Vehicle (BEV)
  • Plug-in Hybrid Vehicle(PHEV)
  • Heavy Commercial Vehicles
  • Light Commercial Vehicles
  • Two-wheelers & Scooters

By Installation Type

  • Fixed
  • Portable
  • Residential
  • Commercial

By Connector Type

  • Normal Charging
  • Type 2
  • CCS
  • CHAdeMO
  • Tesla SC
  • GB/T

By Application

  • Private
  • Public

By Mounting Type

  • Wall Mount
  • Pedestal Mount
  • Ceiling Mount

By Charging Service

  • EV Charging Service
  • Battery Swapping Service

By End User

  • Commercial EV Charging Stations
    • Commercial Public EV Charging Stations
      • On-Road Charging
      • Parking Spaces
      • Destination Chargers
    • Commercial Private EV Charging Stations
      • Fleet Charging
      • Captive Charging
  • Residential EV Charging Stations

Regional Segmentation

  • Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
  • Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
  • North America [United States, Canada, Mexico]
  • South America [Brazil, Argentina, Columbia, Chile, Peru]
  • Middle East & Africa [GCC, North Africa, South Africa]

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Regional Analysis

The research report includes a detailed study of regions of North America, Europe, China, Japan and Rest of the World. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2019 to 2030. These analyses will help the reader to understand the potential worth of investment in a particular region.

The report provides in-depth segment analysis of the global electric vehicle charging station market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries, which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the electric vehicle charging station market.

The report includes country-wise and region-wise market size for the period 2019-2030. It also includes market size and forecast by segments in terms of production capacity, price and revenue for the period 2019-2030.

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 electric vehicle charging station 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 2021-2030 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 Contents

Chapter 1. Introduction

Chapter 2. Research Methodology

Chapter 3. Executive Summary

Chapter 4. Market Variables and Scope

Chapter 5. Market Dynamics Analysis and Trends

Chapter 6. Competitive Landscape

Chapter 7. Global Electric Vehicle Charging Station Market, By Charging Station

Chapter 8. Global Electric Vehicle Charging Station Market, By Power Output

Chapter 9. Global Electric Vehicle Charging Station Market, By Supplier Type

Chapter 10. Global Electric Vehicle Charging Station Market, By End User

Chapter 11. Global Electric Vehicle Charging Station Market, Regional Estimates and Trend Forecast

Chapter 12. Company Profiles

Chapter 13. Research Methodology

Chapter 14. Appendix

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Janet Edward

I have completed my education in Bachelors in Computer Application. A focused learner having a keen interest in the field of digital marketing, SEO, SMM, and Google Analytics enthusiastic to learn new things along with building leadership skills.

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