Global Electric Vehicle (EV) Charging Infrastructure Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Electric Vehicle (EV) Charging Infrastructure Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Electric Vehicle (EV) charging infrastructure, often referred to as electric vehicle supply equipment (EVSE), is a core component of a healthy EV ecosystem and requires adequate planning and dedicated electrical infrastructure at various levels of the distribution grid. Among them, charging pile is the most direct energy supply device for electric vehicles, and its product performance and product quality are related to the service life of electric vehicle battery pack and user experience. This report study the global Electric Vehicle (EV) Charging Infrastructure market.

Market Overview:

The latest research study on the global Electric Vehicle (EV) Charging Infrastructure market finds that the global Electric Vehicle (EV) Charging Infrastructure market reached a value of USD 15536.37 million in 2022. It’s expected that the market will achieve USD 123757.46 million by 2028, exhibiting a CAGR of 41.32% during the forecast period.

The production and sales of Electric Vehicle (EV) Charging Infrastructure are affected by Covid-19

In order to curb the COVID-19 epidemic, most countries have introduced many policies, including border blockade and social distancing. The epidemic prevention and control measures will affect the flow of people and activities, and in turn affect logistics, making the production of manufacturing, affected by the supply of raw materials and labor shortages.

For the Electric Vehicle (EV) Charging Infrastructure industry, the blockade policy will affect the supply of raw materials and export trade of products. The social distancing policy may have a great impact on the production of products, especially for some factories, they will spend more money to maintain production during the epidemic, and factories may face the risk of closure in some areas. With the gradual control of the epidemic, some factories began to resume operation. However, while operating production, enterprises need to protect the life and health of employees, such as purchasing masks, disinfectants and other epidemic prevention materials, disinfecting the working environment before and after the production, and testing the body temperature of employees every day to ensure the health of employees. These measures will increase the production cost of enterprises and affect the development of enterprises.

But in the long term, the COVID-19 outbreak may cause more factories to start using more automated production lines to avoid the pandemic's impact on the industry. In addition, the application of IoT technology may also bring more opportunities for industry participants.

Development of Electric Vehicle Industry

Compared with traditional fuel vehicles, electric vehicles use batteries as energy source, which makes the power supply conditions of the electrical system richer. Electric vehicles can realize more functions, such as vehicle interconnection, carrying more screens, doing more powerful real-time operations, integrating more sensor information, etc. More functions can meet the needs of more customers, and the increase in sales of electric vehicles will increase the downstream demand for Electric Vehicle (EV) Charging Infrastructure, thus promoting the development of the industry.

In some areas or smaller cities, the distribution of Electric Vehicle (EV) Charging Infrastructure is relatively small

EV Charging stations are generally placed in roadside parking places, taxi stations, parking lots (workplaces, hotels, airports, shopping centers, convenience stores, fast food restaurants, cafes, etc.), as well as in workplaces, home lanes and garages. These facilities are relatively complete and dense in large cities. In rural areas or smaller cities, the distribution of Electric Vehicle (EV) Charging Infrastructure is relatively small, and the infrastructure is not complete. The charging station is difficult to find, or has not been repaired for a long time, and the machine is out of order or slow. These factors may cause downstream customers to reduce the use of electric vehicle, thus reducing the demand for Electric Vehicle (EV) Charging Infrastructure.

Region Overview:

In global comparison, a significant portion of the revenue was generated in Asia Pacific (38.91% in 2022).

Company Overview:

ABB is one of the major players operating in the Electric Vehicle (EV) Charging Infrastructure market, holding a share of 43.67% in 2022.

ABB

ABB is a leading technology company in the world, committed to promoting the transformation of society and industry to achieve a more efficient and sustainable future. By connecting the software with its electrification, robotics, automation and sports product portfolio, ABB broke through the technical boundaries and promoted its performance to a new level. ABB focuses on ABB capabilities, robotics, industry, motors and generators, drives, intelligent buildings, electric vehicles, ships, turbochargers, data centers, renewable energy, technology, energy, utilities, transportation, infrastructure, petroleum, natural gas and chemicals, transformers, semiconductors, measurement and analysis, control rooms, automation and future factories.

Schneider Electric

Schneider Electric is a company that creates products that help people conserve energy. Schneider Electric is a global leader in energy efficiency management and automation, focusing on power management, process and machine management, information technology room management, building management, safety management, industrial software design, simulation and optimization, industrial automation and control, and safety systems and instruments.

Segmentation Overview:

As for product types, the Conventional Charging segment held the largest market share in 2022.

Conventional Charging

The majority of conventional charging points are rated at 3.6kW and will recharge an electric car in eight to 12 hours. This makes them suited to overnight charging.

Fast Charging

Fast charging stations can often get an EV battery 80 percent full, potentially adding hundreds of miles of range, in about 30 minutes.

Mechanical Charging

Mechanical charging is used in some high power batteries such as Flow Batteries and Zinc Air batteries. Zinc air batteries are recharged by replacing the zinc electrodes. Flow batteries can be recharged by replacing the electrolyte. Mechanical charging can be carried out in minutes. This is much quicker than the long charging time associated with the conventional reversible cell electrochemistry which could take several hours.

Wireless Charging

Wireless charging uses the principle of electromagnetic induction to transmit electrical power through the air as a magnetic field.

Application Overview:

The market's largest segment by application is the segment Residential, with a market share of 62.99% in 2022.

Key Companies in the global Electric Vehicle (EV) Charging Infrastructure market covered in Chapter 3:

Leviton
ChargePoint
Eaton Corporation
Schneider Electric
Siemens
Engie
ABB
Tesla
Circontrol
Webasto Group
Chargemaster

In Chapter 4 and Chapter 14.2, on the basis of types, the Electric Vehicle (EV) Charging Infrastructure market from 2018 to 2029 is primarily split into:

Conventional Charging
Fast Charging
Mechanical Charging
Wireless Charging
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Electric Vehicle (EV) Charging Infrastructure market from 2018 to 2029 covers:

Commercial
Residential

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)