Global Electric Vehicle Charging Infrastructure Market

Global Electric Vehicle Charging Infrastructure Market Size, Share, Growth Analysis, By Charger Type(Slow Charger, and Fast Charger.), By Charging Mode(Plug-In, and Wireless.), By Connector Type(Supercharger, SAE Combo Charging System), By Vehicle Type(Two-Wheeler, Passenger Car), By Application(Commercial, and Residential.) - Industry Forecast 2023-2030


Report ID: SQMIG25C2045 | Region: Global | Published Date: February, 2024
Pages: 243 | Tables: 142 | Figures: 78

Global Electric Vehicle Charging Infrastructure Market Insights

Electric Vehicle Charging Infrastructure Market size was valued at USD 31.39 billion in 2021 and is poised to grow from USD 39.44 billion in 2022 to USD 121.09 billion by 2030, growing at a CAGR of 25.5% in the forecast period (2023-2030).

Electric vehicles, neighbourhood EVs, and plug-in hybrids can all be charged using an electric vehicle charging station. While some charging stations are more complex than others, some offer cutting-edge technologies like smart metres, cell phone connectivity, and network access.

The electric vehicle (EV) market is growing rapidly all around the world, but especially in China and the US. The EV charging market is a dynamic one with many different applications. The growth of automobile charging stations is greatly influenced by government initiatives in many different nations. For an instance, China's central government has sanctioned the creation of fast-charging stations through national policies. Similar to China, the US government plays a crucial role in developing EV charging stations by setting mandatory criteria and allocating cash. The consumers are forced to rely solely on the charging options accessible at their homes and places of employment because there are still not enough commercial charging stations in several nations and areas.

Additionally, the market growth would be helped by the growing advancement in communication technologies, such as real-time data on all-electric car charging stations for smart connection. However, the load curve and the rising number of transformer levels.

US Electric Vehicle Charging Infrastructure Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2023-2030

Global Market Size

USD 31.39 billion

Largest Segment

Fast Charger

Fastest Growth

Fast Charger

Growth Rate

25.5% CAGR

Global Electric Vehicle Charging Infrastructure Market ($ Bn)
Country Share for North America Region (%)
Global Electric Vehicle Charging Infrastructure Market By Type ($ Bn)
Global Electric Vehicle Charging Infrastructure Market By Type (%)

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Global Electric Vehicle Charging Infrastructure Market Segmental Analysis

Global Electric Vehicle Charging Infrastructure Market is segmented based on the Charger Type, Charging Mode, Connector Type, Vehicle Type, Application, and region. Based on Charger Type Global market is segmented into Slow Charger, Fast Charger. Based on the Charging Mode into    Plug-In, Wireless. Based on the Connector Type into Supercharger, SAE Combo Charging System, GB/T, CHAdeMO. Based on the Vehicle Type into Two-Wheeler, Passenger Car, Commercial Vehicle. Based on the Application into Commercial, Residential. Based on region, it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.

Electric Vehicle Charging Infrastructure Market Analysis by Charger Type

The segment for electric vehicle charging infrastructure is classified slow charger and fast charger. The DC fast-charging (DCFC) segment is anticipated to show the greatest and most noticeable CAGR during the forecasted time period. The government's increasing investments in fast-charging infrastructure, facilities like offering rebates on the purchase of DC fast-charging stations, and the advantages of DCFCs in providing fast charging over Level 1 and Level 2 charging stations are all contributing factors to the segment's explosive growth.

Electric Vehicle Charging Infrastructure Market Analysis by Connector Type

The market is segmented into CHAdeMO, combined charging system (CCS), and others based on connector type. CCS charging sockets combine AC and DC inlets using shared communications pins. Because of this, the CCS charging socket takes up less space than an equivalent CHAdeMO or GB/T DC socket with an AC socket. Manufacturers can easily switch the AC plug component for Type 1 in the US and (perhaps) Japan for Type 2 in other regions because CCS1 and CCS2 share the same DC pin architecture and communications standards. CCS uses PLC (Power Line Communication), a technology used for power grid communications, as the method of communication with the car to start and control charging. This makes it possible for the vehicle to connect with the grid as a "smart appliance," but it also prevents it from working with the GB/T and CHAdeMO DC charging systems without the use of specialised adaptors, which are hard to find. An intriguing recent development is that Tesla has approved the CCS2 standard for DC charging for the European Tesla Model 3 deployment.

Global Electric Vehicle Charging Infrastructure Market By Type, 2021 (%)

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Global Electric Vehicle Charging Infrastructure Market Regional Insights

North America and Europe are expected to experience the fastest growth rates during the predicted timeframe. There will probably be a significant rise in the number of DC charging stations constructed in the US during the next few years. It is anticipated that there will be more home charging facilities for electric vehicles in Germany and the United States.

Due to the organised electric vehicle market and the presence of leading heavy-duty electric vehicle charging infrastructure manufacturers, China is an important market in the Asia-Pacific region. Due to the increasing demand for electric buses and the measures taken by governments in China, Japan, and India to promote the development of heavy-duty electric vehicles, the need for heavy-duty EV charging infrastructure in the Asia-Pacific region is anticipated to increase dramatically. The market in this region is expanding as a result of rising demand for the construction of charging infrastructure and growing regional OEM partnerships. Due to government initiatives, strict government regulations, and growing demand for heavy-duty electric vehicles like buses and trucks, China is one of the top markets in the Asia-Pacific region.

Global Electric Vehicle Charging Infrastructure Market By Region, 2023-2030
  • Largest
  • Fastest

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Global Electric Vehicle Charging Infrastructure Market Dynamics

Electric Vehicle Charging Infrastructure Market Drivers:

  • Rise in the sales of electric vehicle globally

The growth of charging infrastructure development has been highlighted by the rising acceptance and use of electric vehicles. Among the nations investing extensively in EV charging infrastructure and research & development for quicker and more effective charging methods include China, the United States, and Germany.

  • Technological advancement

A number of technological developments, such as the integration of all-EV charging station systems with internet of things (IoT) and real-time information solutions, are driving market progress. With the help of these technologies, customers can find nearby charging stations, get up-to-the-minute updates on vacant spots, and plan convenient fill-up times.

Electric Vehicle Charging Infrastructure Market Restraint:

  • Dearth of standardization of current electric vehicle charging infrastructure

On the other hand, the market's growth rate will be constrained by the current electric vehicle charging infrastructure's lack of standardisation. Variations in charging loads and the expansion of the electric vehicle market have drawn attention to the need for standardisation of charging stations. The installation of electric vehicle charging stations is restricted by strict regulations, which will slow the market's expansion. Along with this, the low power grid infrastructure and high cost of EVs compared to ICE vehicles would restrain market expansion.

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Global Electric Vehicle Charging Infrastructure Market Competitive Landscape

The competitive landscape for the market for electric vehicle charging stations provides information by competitor. Included information includes a business overview, financials, revenue generated, market potential, investments in R&D, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launches, product breadth and depth, and application dominance. Only the companies' market focus on electric vehicle charging stations is covered by the data points mentioned above.

Electric Vehicle Charging Infrastructure Market Top Player's Company Profiles

Electric Vehicle Charging Infrastructure Market Recent Developments

  • In March 2022, in order to promote electrification, BP collaborated with BMW Group and Daimler Mobility as a partner in digital charging systems. Along with BMW Group and Daimler Mobility, BP will join Digital Charging Solutions (DCS), one of Europe's top providers of digital charging solutions for automakers and fleet owners.
  • In June 2022, ABB introduced Terra 360, the world's fastest electric vehicle charger. An electric car may be fully charged using this charging infrastructure in 15 minutes, and it can simultaneously charge up to four vehicles. This business is thought to be worth $3 billion. It was projected that Europe would have this infrastructure by 2022.

Global Electric Vehicle Charging Infrastructure Key Market Trends

  • The automotive industry then can survive with electric vehicles. They might contribute to greater energy efficiency and lower emissions of greenhouse gases and pollutants. The main drivers of this increase are escalating environmental issues and beneficial government initiatives. Governments all around the world have launched a number of programmes and initiatives to entice consumers to select electric vehicles over conventional automobiles. One such plan is the California ZEV programme, which seeks to have 1.5 million electric cars on the road by 2025. Some of the nation’s providing various incentives for consumers wishing to buy an electric vehicle include India, China, the United States, the Netherlands, South Korea, France, and Norway.

Global Electric Vehicle Charging Infrastructure Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.

According to our electric vehicle charging infrastructure market analysis, the development of a strong infrastructure to support the needs of these vehicles is a priority for manufacturers as sales of electric vehicles increase globally. The creation of suitable charging infrastructure is required by the rising popularity of electric vehicles. To meet customer demand, significant advancements in home and commercial charging are also expected during the forecast period.

Report Metric Details
Market size value in 2021 USD 31.39 billion
Market size value in 2030 USD 121.09 billion
Growth Rate 25.5%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Charger Type
    • Slow Charger, and Fast Charger.
  • Charging Mode
    • Plug-In, and Wireless.
  • Connector Type
    • Supercharger, SAE Combo Charging System, GB/T, CHAdeMO.
  • Vehicle Type
    • Two-Wheeler, Passenger Car, and Commercial Vehicle.
  • Application
    • Commercial, and Residential.
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
Customization scope

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Electric Vehicle Charging Infrastructure Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Electric Vehicle Charging Infrastructure Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Electric Vehicle Charging Infrastructure 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 Global Electric Vehicle Charging Infrastructure 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 Global Electric Vehicle Charging Infrastructure Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Electric Vehicle Charging Infrastructure 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.

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FAQs

Electric Vehicle Charging Infrastructure Market size was valued at USD 31.39 billion in 2021 and is poised to grow from USD 39.44 billion in 2022 to USD 121.09 billion by 2030, growing at a CAGR of 25.5% in the forecast period (2023-2030).

The competitive landscape for the market for electric vehicle charging stations provides information by competitor. Included information includes a business overview, financials, revenue generated, market potential, investments in R&D, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launches, product breadth and depth, and application dominance. Only the companies' market focus on electric vehicle charging stations is covered by the data points mentioned above. 'ChargePoint', 'Tesla', 'EVBox', 'ABB', 'Enel X', 'Schneider Electric', 'Efacec', 'Webasto', 'Siemens', 'Blink Charging', 'E.ON', 'Delta Electronics', 'Tritium', 'NewMotion', 'ClipperCreek', 'Allego', 'SemaConnect', 'JuiceBox', 'Greenlots', 'Chargefox'

Rise in the sales of electric vehicle globally

The automotive industry then can survive with electric vehicles. They might contribute to greater energy efficiency and lower emissions of greenhouse gases and pollutants. The main drivers of this increase are escalating environmental issues and beneficial government initiatives. Governments all around the world have launched a number of programmes and initiatives to entice consumers to select electric vehicles over conventional automobiles. One such plan is the California ZEV programme, which seeks to have 1.5 million electric cars on the road by 2025. Some of the nation’s providing various incentives for consumers wishing to buy an electric vehicle include India, China, the United States, the Netherlands, South Korea, France, and Norway.

North America and Europe are expected to experience the fastest growth rates during the predicted timeframe. There will probably be a significant rise in the number of DC charging stations constructed in the US during the next few years. It is anticipated that there will be more home charging facilities for electric vehicles in Germany and the United States.

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