Global Electric Vehicle Supply Equipment Market to Reach $598 Billion by 2030
The global market for Electric Vehicle Supply Equipment estimated at US$82 Billion in the year 2023, is expected to reach US$598 Billion by 2030, growing at a CAGR of 32.8% over the period 2023-2030. Alternate Power Supply Equipment, one of the segments analyzed in the report, is expected to record 34.9% CAGR and reach US$477.5 Billion by the end of the analysis period. Growth in the Direct Power Supply Equipment segment is estimated at 26.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $26.8 Billion, While China is Forecast to Grow at 31.3% CAGR
The Electric Vehicle Supply Equipment market in the U.S. is estimated at US$26.8 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$96.9 Billion by the year 2030 trailing a CAGR of 31.3% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 30.1% and 27.7% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 22.4% CAGR.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook