Global Electric Vehicle Charger Market 2024-2028

Global Electric Vehicle Charger Market 2024-2028


The electric vehicle charger market is forecasted to grow by USD 42.39 bn during 2023-2028, accelerating at a CAGR of 33.99% during the forecast period. The report on the electric vehicle charger market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by government incentives and subsidies for EV charger infrastructure developments, increasing EV sales through tax incentives, and stringent emission regulations.

Technavio's electric vehicle charger market is segmented as below:

By End-user
  • Residential
  • Commercial
By Type
  • Fast charger
  • Slow charger
By Geographical Landscape
  • APAC
  • North America
  • Europe
  • South America
  • Middle East and Africa
This study identifies the open and closed platform approaches by EV charger solution providers as one of the prime reasons driving the electric vehicle charger market growth during the next few years. Also, increasing use of renewable energy for powering EV charging stations and ultracapacitors in EV energy storage systems will lead to sizable demand in the market.

The report on the electric vehicle charger market covers the following areas:
  • Electric vehicle charger market sizing
  • Electric vehicle charger market forecast
  • Electric vehicle charger market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electric vehicle charger market vendors that include ABB Ltd., Blink Charging Co., BorgWarner Inc., Chargemaster NZ, ChargePoint Holdings Inc., EDF Energy Holdings Ltd, ENGIE SA, EV Safe Charge Inc., FLO Services USA Inc., GreenPower Motor Co. Inc., Hyundai Motor Co., Leviton Manufacturing Co. Inc., Robert Bosch GmbH, Schaffner Group, Schneider Electric SE, Siemens AG, Tesla Inc., VOLTERIO GmbH, WiTricity Corp., and Zhejiang Benyi Electrical Co. Ltd.. Also, the electric vehicle charger market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.


  • Executive Summary
    • Market overview
      • Table Executive Summary – Chart on Market Overview
      • Table Executive Summary – Data Table on Market Overview
      • Table Executive Summary – Chart on Global Market Characteristics
      • Table Executive Summary – Chart on Market by Geography
      • Table Executive Summary – Chart on Market Segmentation by End-user
      • Table Executive Summary – Chart on Market Segmentation by Type
      • Table Executive Summary – Chart on Incremental Growth
      • Table Executive Summary – Data Table on Incremental Growth
      • Table Executive Summary – Chart on Vendor Market Positioning
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market Characteristics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2023
    • Market outlook: Forecast for 2023-2028
      • Table Chart on Global - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Table Data Table on Global Market: Year-over-year growth 2023-2028 (%)
  • Historic Market Size
    • Global electric vehicle charger market 2018 - 2022
      • Table Historic Market Size – Data Table on global electric vehicle charger market 2018 - 2022 ($ million)
    • End-user Segment Analysis 2018 - 2022
      • Table Historic Market Size – End-user Segment 2018 - 2022 ($ million)
    • Type Segment Analysis 2018 - 2022
      • Table Historic Market Size – Type Segment 2018 - 2022 ($ million)
    • Geography Segment Analysis 2018 - 2022
      • Table Historic Market Size – Geography Segment 2018 - 2022 ($ million)
    • Country Segment Analysis 2018 - 2022
      • Table Historic Market Size – Country Segment 2018 - 2022 ($ million)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis - Comparison between 2023 and 2028
    • Bargaining power of buyers
      • Table Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • Threat of new entrants
      • Table Threat of new entrants – Impact of key factors in 2023 and 2028
    • Threat of substitutes
      • Table Threat of substitutes – Impact of key factors in 2023 and 2028
    • Threat of rivalry
      • Table Threat of rivalry – Impact of key factors in 2023 and 2028
    • Market condition
      • Table Chart on Market condition - Five forces 2023 and 2028
  • Market Segmentation by End-user
    • Market segments
      • Table Chart on End-user - Market share 2023-2028 (%)
      • Table Data Table on End-user - Market share 2023-2028 (%)
    • Comparison by End-user
      • Table Chart on Comparison by End-user
      • Table Data Table on Comparison by End-user
    • Residential - Market size and forecast 2023-2028
      • Table Chart on Residential - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Residential - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Residential - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Residential - Year-over-year growth 2023-2028 (%)
    • Commercial - Market size and forecast 2023-2028
      • Table Chart on Commercial - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Commercial - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Commercial - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Commercial - Year-over-year growth 2023-2028 (%)
    • Market opportunity by End-user
      • Table Market opportunity by End-user ($ million)
      • Table Data Table on Market opportunity by End-user ($ million)
  • Market Segmentation by Type
    • Market segments
      • Table Chart on Type - Market share 2023-2028 (%)
      • Table Data Table on Type - Market share 2023-2028 (%)
    • Comparison by Type
      • Table Chart on Comparison by Type
      • Table Data Table on Comparison by Type
    • Fast charger - Market size and forecast 2023-2028
      • Table Chart on Fast charger - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Fast charger - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Fast charger - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Fast charger - Year-over-year growth 2023-2028 (%)
    • Slow charger - Market size and forecast 2023-2028
      • Table Chart on Slow charger - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Slow charger - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Slow charger - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Slow charger - Year-over-year growth 2023-2028 (%)
    • Market opportunity by Type
      • Table Market opportunity by Type ($ million)
      • Table Data Table on Market opportunity by Type ($ million)
  • Customer Landscape
    • Customer landscape overview
      • Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Geographic Landscape
    • Geographic segmentation
      • Table Chart on Market share by geography 2023-2028 (%)
      • Table Data Table on Market share by geography 2023-2028 (%)
    • Geographic comparison
      • Table Chart on Geographic comparison
      • Table Data Table on Geographic comparison
    • APAC - Market size and forecast 2023-2028
      • Table Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Table Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Table Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • North America - Market size and forecast 2023-2028
      • Table Chart on North America - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Table Chart on North America - Year-over-year growth 2023-2028 (%)
      • Table Data Table on North America - Year-over-year growth 2023-2028 (%)
    • Europe - Market size and forecast 2023-2028
      • Table Chart on Europe - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • South America - Market size and forecast 2023-2028
      • Table Chart on South America - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Table Chart on South America - Year-over-year growth 2023-2028 (%)
      • Table Data Table on South America - Year-over-year growth 2023-2028 (%)
    • Middle East and Africa - Market size and forecast 2023- 2028
      • Table Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • China - Market size and forecast 2023-2028
      • Table Chart on China - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Table Chart on China - Year-over-year growth 2023-2028 (%)
      • Table Data Table on China - Year-over-year growth 2023-2028 (%)
    • US - Market size and forecast 2023-2028
      • Table Chart on US - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Table Chart on US - Year-over-year growth 2023-2028 (%)
      • Table Data Table on US - Year-over-year growth 2023-2028 (%)
    • Germany - Market size and forecast 2023-2028
      • Table Chart on Germany - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Germany - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • UK - Market size and forecast 2023-2028
      • Table Chart on UK - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on UK - Market size and forecast 2023-2028 ($ million)
      • Table Chart on UK - Year-over-year growth 2023-2028 (%)
      • Table Data Table on UK - Year-over-year growth 2023-2028 (%)
    • Canada - Market size and forecast 2023-2028
      • Table Chart on Canada - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Canada - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Canada - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Canada - Year-over-year growth 2023-2028 (%)
    • Market opportunity by geography
      • Table Market opportunity by geography ($ million)
      • Table Data Tables on Market opportunity by geography ($ million)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Government incentives and subsidies for EV charger infrastructure developments
      • Increasing EV sales through tax incentives
      • Stringent emission regulations
    • Market challenges
      • Stringent approval rules for establishment of charger units
      • Increasing loads on power grids
      • Lack of infrastructure in potential markets
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges in 2023 and 2028
    • Market trends
      • Open and closed platform approaches by EV charger solution providers
      • Increasing use of renewable energy for powering EV charging stations
      • Ultracapacitors in EV energy storage systems
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Overview on Criticality of inputs and Factors of differentiation
    • Landscape disruption
      • Table Overview on factors of disruption
    • Industry risks
      • Table Impact of key risks on business
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Matrix on vendor position and classification
    • ABB Ltd.
      • Table ABB Ltd. - Overview
      • Table ABB Ltd. - Business segments
      • Table ABB Ltd. - Key news
      • Table ABB Ltd. - Key offerings
      • Table ABB Ltd. - Segment focus
    • Blink Charging Co.
      • Table Blink Charging Co. - Overview
      • Table Blink Charging Co. - Product / Service
      • Table Blink Charging Co. - Key news
      • Table Blink Charging Co. - Key offerings
    • BorgWarner Inc.
      • Table BorgWarner Inc. - Overview
      • Table BorgWarner Inc. - Business segments
      • Table BorgWarner Inc. - Key news
      • Table BorgWarner Inc. - Key offerings
      • Table BorgWarner Inc. - Segment focus
    • Chargemaster NZ
      • Table Chargemaster NZ - Overview
      • Table Chargemaster NZ - Product / Service
      • Table Chargemaster NZ - Key offerings
    • ChargePoint Holdings Inc.
      • Table ChargePoint Holdings Inc. - Overview
      • Table ChargePoint Holdings Inc. - Product / Service
      • Table ChargePoint Holdings Inc. - Key news
      • Table ChargePoint Holdings Inc. - Key offerings
    • EDF Energy Holdings Ltd
      • Table EDF Energy Holdings Ltd - Overview
      • Table EDF Energy Holdings Ltd - Product / Service
      • Table EDF Energy Holdings Ltd - Key offerings
    • ENGIE SA
      • Table ENGIE SA - Overview
      • Table ENGIE SA - Business segments
      • Table ENGIE SA - Key offerings
      • Table ENGIE SA - Segment focus
    • EV Safe Charge Inc.
      • Table EV Safe Charge Inc. - Overview
      • Table EV Safe Charge Inc. - Product / Service
      • Table EV Safe Charge Inc. - Key offerings
    • FLO Services USA Inc.
      • Table FLO Services USA Inc. - Overview
      • Table FLO Services USA Inc. - Product / Service
      • Table FLO Services USA Inc. - Key offerings
    • GreenPower Motor Co. Inc.
      • Table GreenPower Motor Co. Inc. - Overview
      • Table GreenPower Motor Co. Inc. - Product / Service
      • Table GreenPower Motor Co. Inc. - Key offerings
    • Hyundai Motor Co.
      • Table Hyundai Motor Co. - Overview
      • Table Hyundai Motor Co. - Product / Service
      • Table Hyundai Motor Co. - Key offerings
    • Leviton Manufacturing Co. Inc.
      • Table Leviton Manufacturing Co. Inc. - Overview
      • Table Leviton Manufacturing Co. Inc. - Product / Service
      • Table Leviton Manufacturing Co. Inc. - Key offerings
    • VOLTERIO GmbH
      • Table VOLTERIO GmbH - Overview
      • Table VOLTERIO GmbH - Product / Service
      • Table VOLTERIO GmbH - Key offerings
    • WiTricity Corp.
      • Table WiTricity Corp. - Overview
      • Table WiTricity Corp. - Product / Service
      • Table WiTricity Corp. - Key offerings
    • Zhejiang Benyi Electrical Co. Ltd.
      • Table Zhejiang Benyi Electrical Co. Ltd. - Overview
      • Table Zhejiang Benyi Electrical Co. Ltd. - Product / Service
      • Table Zhejiang Benyi Electrical Co. Ltd. - Key offerings
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
      • Table Inclusions checklist
      • Table Exclusions checklist
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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