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 2024-2031


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

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.

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Electric Vehicle Charging Infrastructure Market size was valued at USD 31.39 billion in 2019 and is poised to grow from USD 39.44 billion in 2023 to USD 121.09 billion by 2031, growing at a CAGR of 25.5% in the forecast period (2024-2031).

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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Global Electric Vehicle Charging Infrastructure Market

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