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

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

Electric Vehicle (EV) Charging Station, also called EV charger or electric vehicle supply equipment (EVSE), is a piece of equipment that supplies electrical power for charging plug-in electric vehicles. The charging station offers connectors that comply with various standards. Public charging stations are often located on-street or in retail malls, government facilities and other car parks.

Market Overview:

The latest research study on the global Electric Vehicle (EV) Charging Station market finds that the global Electric Vehicle (EV) Charging Station market reached a value of USD 4546.02 million in 2022. It’s expected that the market will achieve USD 29651.83 million by 2028, exhibiting a CAGR of 36.69% during the forecast period.

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 Station, thus promoting the development of the industry.

People pay more and more attention to sustainable development

Environmental pollution is becoming more and more serious, and people attach importance to sustainable development. Compared with traditional fuel vehicles, electric vehicles will not pollute the environment. The proposal of sustainable development makes people more inclined to choose electric vehicles, so the proposal of sustainable development increases the demand of electric vehicles, and promote the demand of Electric Vehicle (EV) Charging Station is increasing.

Region Overview:

In 2021, the share of the Electric Vehicle (EV) Charging Station market in China stood at 40.53%.

Company Overview:

ABB is one of the major players operating in the Electric Vehicle (EV) Charging Station market, holding a share of 10.28% in 2022.

ABB is a technology leader in electrification and automation. The company's solutions combine engineering expertise with software to optimize how things are made, moved, powered and operated. ABB's Electrification business offers a broad product portfolio, digital solutions and services, from substation to socket, for safe, smart and sustainable electrification. Products cover digital and connectivity innovations for low and medium voltage, including electric vehicle infrastructure, solar inverters, modular substations, distribution automation, power protection, wiring accessories, switchgear, enclosures, cables, sensing and control.

Schneider Electric is a French multinational company specializing in digital automation and energy management. Schneider Electric follows a corporate sustainability strategy centered on decarbonization goals, leading the way to a sustainable company through digital transformation and next-generation automation. As an impact company, Schneider Electric is committed to engaging in sustainable development across all dimensions including climate, resources, gender diversity and inclusion. Schneider Electric provides cloud integration endpoints to connect products, controls, software and services.

Tesla is an automobile and energy company. It designs, develops, manufactures, sells and leases electric vehicles and energy production and storage systems. Tesla also installs and maintains energy systems and sells solar energy; and provides end-to-end clean energy products, including generation, storage and consumption.

Segmentation Overview:

By type, Metals & Alloys segment accounted for the largest share of market in 2021.

Types of Electric Vehicle Charging Stations by shell material type, including Metals & Alloys, Polymers. Among them, metals and alloys include stainless steel, carbon steel, aluminum, copper, etc.; polymers include PC resin, PC blends, elastomers, polyurethane, etc.

Application Overview:

The market's largest segment by application is the segment Residential, with a market share of 73.98% in 2021.

Residential

Electric Vehicle (EV) Charging Station can be installed in the driveway and garage of home. They are usually installed in parking lots in residential areas.

Industrial & Commercial

Electric Vehicle (EV) Charging Station are generally located in taxi stations, parking lots (workplaces, hotels, airports, shopping centers, convenience stores, fast food restaurants, cafes, etc.).

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

Leviton Application
Eaton Corporation PLC
Tesla
ABB
Engie
Webasto Group
ChargePoint
Siemens
Schneider Electric

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

Metals & Alloys
Polymers

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

Residential
Industrial & Commercial

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)