Electric Vehicle (EV) Charging Stations Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Electric Vehicle Charging Stations Market
The electric vehicle charging stations market size reached at a value of USD 12 billion in 2022, and the market is now projected to rise from USD 16.43 billion in 2023 to USD 141.08 billion by 2030, exhibiting a CAGR of 36.0% during the forecast period of 2022-2030.
Covid-19 pandemic has hindered the supply chain and restricted the people to their homes which has lowered the buying of vehicles. As electric bike is gaining popularity and have replaced non-motorized bikes in several regions driving market expansion. Despite the challenges of covid pandemic, the electric vehicle charging stations sector has proven to be robust. Although the construction of electric vehicle has been delayed due to shortage of man power and procurement concerns of raw material.
The demand for electric vehicles is rising in turn increasing sales of vehicles and EV penetration hence promoting market growth. The sales of electric vehicles have skyrocketed in the last decades due to increased demand for zero emission vehicles, incentives for rapid electrification and stringent government rules propelling electric vehicle charging stations market growth.
Additionally, due to increased demand for fact charge electric vehicle will drive electric vehicle charging stations market growth. Due to expansion of electric vehicle charging infrastructure due to technological innovation the electric vehicle charging stations market will expand significantly.
Comprehensive Analysis of Electric Vehicle Charging Stations Market
The electric vehicle charging stations market is rising with an exponential rate due to its market segmentation. This market expansion effectively provides a detailed geographical assessment considering the dominant supply and demand forces that impact the pharmacy benefit management industry. These segmentations are methodically divided by types of charger and by application. The types of Charger segment include Fast and Slow/Moderate while By Application segment include Commercial and Residential.
In the electric vehicle charging stations market, Asia Pacific region lead the automotive devices with a market size of USD 7.32 billion in 2023 owing to increased utilization of electric vehicles charging infrastructure and adoption of advanced technologies.
The prominent players in the market play a crucial role in the automotive industry assuring industrial prospectus growth and setting market standards. These prominent players include, Webasto Group (Germany), Siemens AG (Germany), Eaton (Ireland), ABB (Switzerland), Schneider Electric (France), EVBox (Netherlands), Tesla (U.S.), ChargePoint Inc. (U.S.), Blink Charging Co. (U.S.) and EO Charging (U.K.) these market players provide a level-playing competitive landscape.
In May 2023, the international convenience and mobility company presented a new developmental breakthrough, by establishing a new electric vehicle charging station In Wytheville, Virginia. The station is first to offer ABB E-mobility Terra 184 DC fast charger, which can charge up to 180 kw.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 36% from 2023-2030
Unit Value (USD Billion) and Volume(Thousand Units)
By Charger Type Fast
Slow/Moderate
By Application Commercial
Residential
Segmentation By Geography
North America (By Charger Type & Application)
U.S. (By Charger Type)
Canada (By Charger Type)
Mexico (By Charger Type)
Europe (By Charger Type & Application )
U.K. (By Charger Type)
Germany (By Charger Type)
France (By Charger Type)
Rest of Europe (By Charger Type)
Asia Pacific (By Charger Type & Application )
China (By Charger Type)
Japan (By Charger Type)
India (By Charger Type)
South Korea (By Charger Type)
Rest of Asia Pacific (By Charger Type)
Rest of the World (By Charger Type & Application )
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Market Trend
- 4. Key Insights
- 4.1. Mergers, Acquisitions and Partnerships
- 4.2. EV Charging Station Distributor Chain
- 4.3. Growth & Penetration Analysis
- 4.4. Porters Five Forces Analysis
- 4.5. PEST Analysis
- 4.6. Technological Development
- 4.7. Impact of Covid-19
- 5. Global Electric Vehicle Charging Station Market Analysis, Insights and Forecast, 2019-2030
- 5.1. Key Findings / Definitions
- 5.2. Market Analysis, Insights and Forecast – By Charger Type
- 5.2.1. Fast
- 5.2.2. Slow/Moderate
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Commercial
- 5.3.2. Residential
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia pacific
- 5.4.4. Rest of the world
- 6. North America Electric Vehicle Charging Station Market Analysis, Insights and Forecast, 2019-2030
- 6.1. Market Analysis, Insights and Forecast – By Charger Type
- 6.1.1. Fast
- 6.1.2. Slow/Moderate
- 6.2. Market Analysis, Insights and Forecast – By Application
- 6.2.1. Commercial
- 6.2.2. Residential
- 6.3. Market Analysis – By Country
- 6.3.1. The U.S.
- 6.3.1.1. By Charger Type
- 6.3.2. Canada
- 6.3.2.1. By Charger Type
- 6.3.3. Mexico
- 6.3.3.1. By Charger Type
- 7. Europe Electric Vehicle Charging Station Market Analysis, Insights and Forecast, 2019-2030
- 7.1. Market Analysis, Insights and Forecast – By Charger Type
- 7.1.1. Fast
- 7.1.2. Slow/Moderate
- 7.2. Market Analysis, Insights and Forecast – By Application
- 7.2.1. Commercial
- 7.2.2. Residential
- 7.3. Market Analysis – By Country
- 7.3.1. UK
- 7.3.1.1. By Charger Type
- 7.3.2. Germany
- 7.3.2.1. By Charger Type
- 7.3.3. France
- 7.3.3.1. By Charger Type
- 7.3.4. Rest of Europe
- 7.3.4.1. By Charger Type
- 8. Asia Pacific Electric Vehicle Charging Station Market Analysis, Insights and Forecast, 2019-2030
- 8.1. Market Analysis, Insights and Forecast – By Charger Type
- 8.1.1. Fast
- 8.1.2. Slow/Moderate
- 8.2. Market Analysis, Insights and Forecast – By Application
- 8.2.1. Commercial
- 8.2.2. Residential
- 8.3. Market Analysis – By Country
- 8.3.1. China
- 8.3.1.1. By Charger Type
- 8.3.2. Japan
- 8.3.2.1. By Charger Type
- 8.3.3. India
- 8.3.3.1. By Charger Type
- 8.3.4. South Korea
- 8.3.4.1. By Charger Type
- 8.3.5. Rest of Asia Pacific
- 8.3.5.1. By Charger Type
- 9. Rest of the World Electric Vehicle Charging Station Market Analysis, Insights and Forecast, 2019-2030
- 9.1. Market Analysis, Insights and Forecast – By Charger Type
- 9.1.1. Fast
- 9.1.2. Slow/Moderate
- 9.2. Market Analysis, Insights and Forecast – By Application
- 9.2.1. Commercial
- 9.2.2. Residential
- 10. Competitive Analysis
- 10.1. Key Industry Development
- 10.2. Global Market Share Analysis (2022)
- 10.3. Competition Dashboard
- 10.4. Comparative Analysis – Major Players
- 10.5. Company Profiles (Overview, Products & services, SWOT analysis, Recent developments, strategies, financials (based on availability))
- 10.5.1. Siemens AG (Germany)
- 10.5.1.1. Overview,
- 10.5.1.2. Products & services,
- 10.5.1.3. SWOT analysis,
- 10.5.1.4. Recent developments,
- 10.5.1.5. strategies,
- 10.5.1.6. financials (based on availability)
- 10.5.2. Eaton (Ireland)
- 10.5.2.1. Overview,
- 10.5.2.2. Products & services,
- 10.5.2.3. SWOT analysis,
- 10.5.2.4. Recent developments,
- 10.5.2.5. strategies,
- 10.5.2.6. financials (based on availability)
- 10.5.3. ChargePoint Inc. (U.S.)
- 10.5.3.1. Overview,
- 10.5.3.2. Products & services,
- 10.5.3.3. SWOT analysis,
- 10.5.3.4. Recent developments,
- 10.5.3.5. strategies,
- 10.5.3.6. financials (based on availability)
- 10.5.4. ABB (Switzerland)
- 10.5.4.1. Overview,
- 10.5.4.2. Products & services,
- 10.5.4.3. SWOT analysis,
- 10.5.4.4. Recent developments,
- 10.5.4.5. strategies,
- 10.5.4.6. financials (based on availability)
- 10.5.5. Schneider Electric (France)
- 10.5.5.1. Overview,
- 10.5.5.2. Products & services,
- 10.5.5.3. SWOT analysis,
- 10.5.5.4. Recent developments,
- 10.5.5.5. strategies,
- 10.5.5.6. financials (based on availability)
- 10.5.6. EVBox (Netherlands)
- 10.5.6.1. Overview,
- 10.5.6.2. Products & services,
- 10.5.6.3. SWOT analysis,
- 10.5.6.4. Recent developments,
- 10.5.6.5. strategies,
- 10.5.6.6. financials (based on availability)
- 10.5.7. Webasto Group (Germany)
- 10.5.7.1. Overview,
- 10.5.7.2. Products & services,
- 10.5.7.3. SWOT analysis,
- 10.5.7.4. Recent developments,
- 10.5.7.5. strategies,
- 10.5.7.6. financials (based on availability)
- 10.5.8. Tesla (U.S.)
- 10.5.8.1. Overview,
- 10.5.8.2. Products & services,
- 10.5.8.3. SWOT analysis,
- 10.5.8.4. Recent developments,
- 10.5.8.5. strategies,
- 10.5.8.6. financials (based on availability)
- 10.5.9. Blink Charging Co. (U.S.)
- 10.5.9.1. Overview,
- 10.5.9.2. Products & services,
- 10.5.9.3. SWOT analysis,
- 10.5.9.4. Recent developments,
- 10.5.9.5. strategies,
- 10.5.9.6. financials (based on availability)
- 10.5.10. EO Charging (UK)
- 10.5.10.1. Overview,
- 10.5.10.2. Products & services,
- 10.5.10.3. SWOT analysis,
- 10.5.10.4. Recent developments,
- 10.5.10.5. strategies,
- 10.5.10.6. financials (based on availability)
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