USD 34.0 billion
Report ID:
SQMIR25A2287 |
Region:
Regional |
Published Date: January, 2025
Pages:
245
|Tables:
62
|Figures:
75
Europe EV Charging Stations Market size was valued at USD 34.0 billion in 2023 and is poised to grow from USD 42.81 billion in 2024 to USD 270.22 billion by 2032, growing at a CAGR of 25.9% during the forecast period (2025-2032).
A device used to charge plug-in electric vehicles (EVs), such as electric cars, neighbourhood EVs, and hybrids, is referred to as an electric vehicle charging station, also known as electric vehicle supply equipment (EVSE). The power grid is connected to the energy conversion system, software, facility metre, and energy controller used by the charging stations. The rise in government measures to encourage the use of EVs and the construction of related infrastructure, the rising need for fast-charging infrastructure, and the rising incidence of range anxiety among EV users are the primary factors driving the growth of this market. According to EV adoption and charging infrastructure, the top five European nations are France, Germany, the Netherlands, Norway, and the United Kingdom.Charging infrastructure solutions for electric vehicle fleets range from multiple megawatt depo charging to overhead catenaries for charging on the move. Wireless charging systems are viewed as a potentially cost-effective and feasible solution for fleet charging needs. Electric bus fleets are expected to grow during the forecast period because they emit no tailpipe emissions and produce less noise.
Europe EV Charging Stations Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
USD 34.0 billion
Largest Segment
Level 2
Fastest Growth
Level 2
Growth Rate
25.9% CAGR
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Europe EV Charging Stations Market is segmented by Charging Station Type, Vehicle Type, Technology, Charger Type and region. Based on Charging Station Type, the market is segmented into AC Charging/Normal Charging Station, DC Charging/Super Charging Station and Inductive Charging Station. Based on Vehicle Type, the market is segmented into Battery Electric Vehicle (BEV) and Plug-In Hybrid Electric Vehicle (PHEV). Based on Technology, the market is segmented into Level 1, Level 2 and Level 3. Based on Charger Type, the market is segmented into Portable Charger and Fixed Charger. Based on country, the market is segmented into Germany, Spain, France, UK, Italy and rest od Europe.
Europe EV Charging Stations Market Analysis by connection type
In terms of connection type, the connector category is anticipated to hold the greatest market share for EV charging stations in Europe in 2022. The significant market share of this segment is primarily attributable to growing partnerships between electric vehicle charging station providers and utility companies and fuel station operators to deploy electric vehicle charging stations as well as growing partnerships between governments and automakers to develop the DC fast-charging station infrastructure in the area.
Europe EV Charging Stations Market Analysis by end users
In terms of end users, the commercial sector is anticipated to hold the greatest market share for EV charging stations in Europe in 2022. The significant share of this market is mostly attributable to the expansion of government programmes in Europe that take the form of financial incentives, tax breaks, and subsidies for the installation of EV charging stations at commercial locations. Additionally, it is anticipated that during the forecast period, this segment will see the highest CAGR.
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Geographically, Germany is anticipated to hold the greatest market share for electric vehicle charging stations in Europe in 2022, both in terms of volume and value. The significant market share is mostly owed to increasing government spending on electric buses, the quick construction of charging infrastructure, and incentives for electric vehicle purchasers. For EV customers in Germany looking for office or home charging stations, as of 2021, there are approximately 35,000 charging outlets accessible. One of the nations that is credited with accelerating the global adoption of EVs is Germany.
In terms of value in 2022, the U.K. is anticipated to hold the second-largest proportion of the European market for electric vehicle charging stations. The growing use of electric buses in the nation's public transportation fleets, rising government investments and incentives for the construction of charging infrastructure, and concentrated government initiatives to make central London and town centres across the U.K. zero-emission zones by 2028 are the main factors driving the growth of this market.
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Rise in Awareness about Environmental Benefits of Electric Vehicle to Boost Market Growth
High Setup Cost to Hinder Market Growth
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Players in the Europe EV charging station market are investing in collaborations and partnerships to expand their consumer base. They are actively focusing on mergers and acquisitions, along with investing in R&D activities to expand their product portfolio.
SkyQuest's ABIRAWA (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research
According to Europe EV charging stations market analysis, Due to the worldwide lockdowns, the COVID-19 pandemic had a moderate effect on the market for electric vehicle charging stations. Government incentives enhanced the demand for EVs and related markets in 2021. Top charging station manufacturers and network operators are increasing the availability of both private and public EV chargers. New safety measures were taken by the government and major industry players to advance production techniques. The correct audience was targeted by technological developments, which increased charging's sales rate. In the post-pandemic environment, the increased sales of electric vehicles are anticipated to further fuel market expansion.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 34.0 billion |
Market size value in 2032 | USD 270.22 billion |
Growth Rate | 25.9% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Europe EV Charging Stations Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Europe EV Charging Stations Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Europe EV Charging Stations Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Europe EV Charging Stations Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Europe EV Charging Stations Market size was valued at USD 737.07 Million in 2023 and is poised to grow from USD 1106.34 Million in 2024 to USD 28505.76 Million by 2032, growing at a CAGR of 50.1% during the forecast period (2025-2032).
Players in the Europe EV charging station market are investing in collaborations and partnerships to expand their consumer base. They are actively focusing on mergers and acquisitions, along with investing in R&D activities to expand their product portfolio. 'ChargePoint, Inc.', 'Tesla', ' ABB Ltd. ', ' Schneider Electric SE ', ' Siemens AG ', ' Alfen N.V. ', ' EVBox Group ', ' NewMotion B.V. ', ' Efacec Electric Mobility, S.A. ', ' Tritium Pty Ltd ', ' Delta Electronics, Inc. ', ' E.ON SE ', ' Enel X S.p.A. ', ' Allego B.V. ', ' Innogy SE ', ' IONITY GmbH ', ' Pod Point Ltd. ', ' Engie SA ', ' Circontrol S.A. ', ' GreenFlux Assets B.V. '
One of the key factors propelling the growth of the market for electric vehicle charging stations is the rise in the number of electric vehicle (EV) sales in the area. Due to growing environmental concern, customer preference is quickly shifting toward passenger and commercial electric vehicles (EV).
Top charging station manufacturers and network operators are increasing the availability of both private and public EV chargers. New safety measures were taken by the government and major industry players to advance production techniques. The correct audience was targeted by technological developments, which increased charging's sales rate. In the post-pandemic environment, the increased sales of electric vehicles are anticipated to further fuel market expansion.
Geographically, Germany is anticipated to hold the greatest market share for electric vehicle charging stations in Europe in 2022, both in terms of volume and value. The significant market share is mostly owed to increasing government spending on electric buses, the quick construction of charging infrastructure, and incentives for electric vehicle purchasers. For EV customers in Germany looking for office or home charging stations, as of 2021, there are approximately 35,000 charging outlets accessible. One of the nations that is credited with accelerating the global adoption of EVs is Germany.
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