Global Electric Vehicle Charging Infrastructure Market to Reach $403.2 Billion by 2030
The global market for Electric Vehicle Charging Infrastructure estimated at US$58.5 Billion in the year 2023, is expected to reach US$403.2 Billion by 2030, growing at a CAGR of 31.8% over the period 2023-2030. Fast Electric Vehicle Charging Infrastructure, one of the segments analyzed in the report, is expected to record 29.6% CAGR and reach US$203.7 Billion by the end of the analysis period. Growth in the Slow Electric Vehicle Charging Infrastructure segment is estimated at 34.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $18.9 Billion, While China is Forecast to Grow at 30.8% CAGR
The Electric Vehicle Charging Infrastructure market in the U.S. is estimated at US$18.9 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$67.7 Billion by the year 2030 trailing a CAGR of 30.8% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 28.2% and 27.6% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 22.6% CAGR.
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