Global Energy Infrastructure for EV Charging Stations Market

Energy Infrastructure for EV Charging Stations Market Size, Share, Growth Analysis, By Component(transformers, electric distribution systems, heavy-duty cables, metering systems), By Energy source(renewable energy sources and non-renewable energy sources), By Region - Industry Forecast 2024-2031


Report ID: SQMIG25A2049 | Region: Global | Published Date: February, 2024
Pages: 242 |Tables: 65 |Figures: 75

Energy Infrastructure for EV Charging Stations Market Insights

Global Energy Infrastructure for EV Charging Stations Market size was valued at USD 16.6 billion in 2019 and is poised to grow from USD 21.66 billion in 2023 to USD 182.22 billion by 2031, growing at a CAGR of 30.5% in the forecast period (2024-2031).

A power transmission system that assists in powering the location where one or more EVSEs are situated is referred to as energy infrastructure for EV charging stations. These locations may be commercial or non-residential. Electric power is supplied through charging stations for electric vehicles, which is then used to extend the vehicle's range. These features make it more desirable than other alternatives in the global market. Electrical conductors, associated hardware, software, and communications protocols are used in electric vehicle charging stations, also known as charging piles, charging docks, or EVSE, to transfer energy to the car effectively and safely.

Electric mobility is receiving more funding from governments around the world. The government initiatives in the form of subsidies & tax rebates for the adoption of electric cars, as well as the government's increasing regulations to phase out fossil fuel-powered vehicles, investments in public EV charging infrastructure improvement, and investments in these areas are anticipated to support the growth of this market. Governments throughout the world are promoting the switch to electric vehicles as a sustainable public and private transportation model in light of recent improvements in electric drivetrain technology. Governments are progressively offering incentives and subsidies to buy EVs and related charging infrastructure in light of the environmental advantages given by these vehicles, which helps increase the demand for energy infrastructure for EV charging stations.

US Energy Infrastructure For EV Charging Stations Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 16.6 billion

Largest Segment

Non renewable energy

Fastest Growth

Non renewable energy

Growth Rate

30.5% CAGR

Global Energy Infrastructure for EV Charging Stations Market ($ Bn)
Country Share for Asia Pacific Region (%)

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Energy Infrastructure for EV Charging Stations Market Segmental Analysis

The global energy infrastructure for EV charging stations market is divided into component, energy source, and region. By component Energy Infrastructure for EV Charging Stations Market is divided into transformers, electric distribution systems, metering systems, power converters, heavy-duty cables, energy storage systems, and solar PV panels. On the basis of energy source, Energy Infrastructure for EV Charging Stations Market is divided into renewable energy sources and non-renewable energy sources. By region, the Energy Infrastructure for EV Charging Stations Market is segmented into North America, Latin America, Europe, Asia Pacific, and MEA.

Energy Infrastructure for EV Charging Stations Market Analysis by Component

The transformers segment is expected to account for the largest share of the global energy infrastructure for EV charging stations market in 2022. This segment's growth can be attributed to its widespread use in powering EV charging applications and assisting in maintaining power in accordance with charging station requirements. However, the energy storage systems segment is expected to grow at the fastest CAGR during the forecast period due to various initiatives by OEMs and stakeholders to develop ESS for EV charging stations.

Energy Infrastructure for EV Charging Stations Market Analysis by Energy Source

The global energy infrastructure for EV charging stations market is divided into renewable energy sources and non-renewable energy sources. Nonrenewable energy sources are expected to account for the majority of the global energy infrastructure for the EV charging stations market by 2022. Government incentives and subsidies for purchasing EVs and EV charging infrastructure are attributed to the segment's growth.

Global Energy Infrastructure for EV Charging Stations Market By Type, 2019 (%)

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Energy Infrastructure for EV Charging Stations Market Regional Insights

Asia-Pacific is expected to account for the majority of the global energy infrastructure for the EV charging stations market by 2022. This segment's growth can be attributed to rising EV demand in countries such as China and Japan, as well as rising government initiatives to reduce greenhouse gas emissions, which are expected to increase EV adoption. Europe, on the other hand, is expected to grow at the fastest CAGR during the forecast period. Government initiatives to develop charging infrastructure across the region are driving growth in this market.

France, Germany, the Netherlands, Norway, and the United Kingdom are the region's five front-runner countries for EVs and charging stations.

Global Energy Infrastructure for EV Charging Stations Market By Region, 2024-2031
  • Largest
  • Fastest

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Energy Infrastructure for EV Charging Stations Market Dynamics

Energy Infrastructure for EV Charging Stations Market Drivers

Favorable Government Policies will Boost Demand for Energy Infrastructure for EV Charging Stations

  • The key factors driving the growth of the global energy infrastructure for EV charging stations market are government initiatives to drive the adoption of EVs and associated infrastructure, as well as rising demand for EV fast-charging infrastructure. The market's players can anticipate considerable development prospects as a result of the rising use of electric mobility in emerging nations and the expanding deployment of charging stations by retail MNCs.

Energy Infrastructure for EV Charging Stations Market Restraints

Expensive Infrastructure will Hamper Market Growth

  • The development of the worldwide energy infrastructure for the EV charging stations market is anticipated to be constrained by the high cost of infrastructure equipment. A significant economic downturn was sparked by the COVID-19 epidemic. Strict lockdowns were implemented in several nations to limit the outbreak, which caused the closure of the manufacturing sector as well as delays in supply chains and production schedules. Globally, there has been a tremendous impact on the supply chains for technology. Sales of light vehicles fell off quickly as a result of the economic slowdown, which seriously impacted the automobile sector.

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Energy Infrastructure for EV Charging Stations Market Competitive Landscape

The global market consists of various regional and international players. Players in the market are adopting various strategies such as mergers & acquisitions, collaborations, and investments to stay ahead of the competition. Various new players are entering the regional market.

Energy Infrastructure for EV Charging Stations Market Top Player's Company Profiles

  • Tesla
  • ChargePoint
  • ABB Group
  • Schneider Electric
  • Siemens AG
  • General Electric Company
  • Eaton Corporation plc
  • Leviton Manufacturing Co., Inc.
  • AeroVironment, Inc.
  • ClipperCreek, Inc.
  • EVBox
  • BP Chargemaster
  • Shell Recharge
  • Ionity
  • Electrify America
  • Enel X
  • Greenlots
  • EVgo
  • SemaConnect
  • FLO

Energy Infrastructure for EV Charging Stations Market Recent Developments

  • In February 2022, ABB India launched a new series of electrical measuring and power monitoring meters for the digital panel meter market.
  • In September 2021, Terra 360, the world's quickest electric vehicle charger, was announced by ABB. This charging infrastructure can charge up to four vehicles at once and can fully charge an electric vehicle in 15 minutes.

Energy Infrastructure for EV Charging Stations Key Market Trends

  • Government Initiatives to Promote EV Adoption and Build the Necessary Infrastructure is boosting demand for EV Fast-Charging Infrastructure Demand
  • Rising Adoption of Electric Mobility in Emerging Markets will also bring lucrative opportunities for the market.

Energy Infrastructure for EV Charging Stations Market SkyQuest Analysis

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 our global energy infrastructure for EV charging stations market analysis, The demand for market development has been emphasised by the rising acceptance and use of electric vehicles. Examples of countries investing extensively in EV charging infrastructure and research & development for quicker and more effective charging methods include China, the United States, and Germany. 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. Additionally, the rise in urbanisation and the level of disposable income will fuel market value growth.

Report Metric Details
Market size value in 2019 USD 16.6 billion
Market size value in 2031 USD 182.22 billion
Growth Rate 30.5%
Base year 2023
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Component
    • transformers, electric distribution systems, heavy-duty cables, metering systems, power converters, energy storage systems, and solar PV panels
  • Energy source
    • renewable energy sources and non-renewable energy sources
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
  • Tesla
  • ChargePoint
  • ABB Group
  • Schneider Electric
  • Siemens AG
  • General Electric Company
  • Eaton Corporation plc
  • Leviton Manufacturing Co., Inc.
  • AeroVironment, Inc.
  • ClipperCreek, Inc.
  • EVBox
  • BP Chargemaster
  • Shell Recharge
  • Ionity
  • Electrify America
  • Enel X
  • Greenlots
  • EVgo
  • SemaConnect
  • FLO
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  • Region

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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 Energy Infrastructure for EV Charging Stations 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 Energy Infrastructure for EV Charging Stations 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 Energy Infrastructure for 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 Energy Infrastructure for 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 Energy Infrastructure for 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 Energy Infrastructure for 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.

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FAQs

Energy Infrastructure for EV Charging Stations Market size was valued at USD 16.6 billion in 2019 and is poised to grow from USD 21.66 billion in 2023 to USD 182.22 billion by 2031, growing at a CAGR of 30.5% in the forecast period (2024-2031).

The market consists of various regional and international players. Players in the market are adopting various strategies such as mergers & acquisitions, collaborations, and investments to stay ahead of the competition. Various new players are entering the regional market. 'Tesla', 'ChargePoint', 'ABB Group', 'Schneider Electric', 'Siemens AG', 'General Electric Company', 'Eaton Corporation plc', 'Leviton Manufacturing Co., Inc.', 'AeroVironment, Inc.', 'ClipperCreek, Inc.', 'EVBox', 'BP Chargemaster', 'Shell Recharge', 'Ionity', 'Electrify America', 'Enel X', 'Greenlots', 'EVgo', 'SemaConnect', 'FLO'

The key factors driving the growth of the energy infrastructure for EV charging stations market are government initiatives to drive the adoption of EVs and associated infrastructure, as well as rising demand for EV fast-charging infrastructure. The market's players can anticipate considerable development prospects as a result of the rising use of electric mobility in emerging nations and the expanding deployment of charging stations by retail MNCs.

Government Initiatives to Promote EV Adoption and Build the Necessary Infrastructure is boosting demand for EV Fast-Charging Infrastructure Demand

Asia-Pacific is expected to account for the majority of the energy infrastructure for the EV charging stations market by 2022. This segment's growth can be attributed to rising EV demand in countries such as China and Japan, as well as rising government initiatives to reduce greenhouse gas emissions, which are expected to increase EV adoption. Europe, on the other hand, is expected to grow at the fastest CAGR during the forecast period. Government initiatives to develop charging infrastructure across the region are driving growth in this market.

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