UK EV Charging Equipment Market Outlook to 2027

UK EV Charging Equipment Market Outlook to 2027

The report provides a comprehensive analysis of the potential of EV Charging Equipment Market in UK. The report covers an overview and genesis of the industry, market size in terms of revenue generated.

The report has market segmentation which include segments by type of vehicles, by type of passenger vehicles, by applications, by type of chargers, by type of connectors, by type of entities, by type of sales channel, by source of manufacturing and by major cities; growth enablers and drivers; challenges and bottlenecks; trends driving adoption trends; regulatory framework; end-user analysis, industry analysis, competitive landscape including competition scenario and market shares of major players. The report concludes with future market projections of each market segmentation and analyst recommendations.

Market Overview:

According to Ken Research estimates, the UK EV Charging Equipment Market is at growing stage and market is supported by many EV equipment manufacturers, charging network, suppliers and installers. Market has high scope and growth is driven by rising EV adoption with rapid urbanization and technological advancements along with government initiatives & policies.
Under the Electric Vehicle Infrastructure Strategy, charging electric vehicles will become easier and cheaper than re- fueling a petrol or diesel car.
The demand for EV is anticipated to be high in passenger vehicle segment as top car manufacturers are will move towards EV from internal combustion engine as there would be a ban on sale of gasoline vehicles from 2030 in the country.
Public EV charging networks provide invaluable charging support and the opportunity to extend journey distances where EV networks are planning to equip all public charging stations with only rapid and ultra-rapid chargers in the country.

Key Trends by Market Segment:

By Type of Vehicle: The growth of Passenger Vehicles in UK is booming as the country prepares itself for the 2030 ban on new petrol and diesel vehicle sales and ban the sale of new hybrid vehicles by 2035.

By Types of Entities: CPOs has the largest share as Siemens and Osprey Charging, one of UK’s leading CPO, have launched a new collaboration to help fast-track the commissioning of electric vehicle charging sites.

Future Outlook:

The EV Charging Equipment Market is expected to expand in UK in the future owning to robust investment plans made by the government under their electric vehicle infrastructure strategy. Also, the demand for EV is anticipated to be high in passenger vehicle segment as top car manufacturers are will move towards EV from internal combustion engine as there would be a ban on sale of gasoline vehicles from 2030 in the country.

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