Electric Vehicle Charging Station Market 2023 Development Status, Competition Analysis, Type and Application 2030

 The Global Electric Vehicle Charging Station Market was anticipated at USD 35.50 Billion in 2021 and is estimated to rise at a 31.5% CAGR and estimated to be worth USD 417.35 Billion by the end of 2030.

 

The electric vehicle charging station or electric vehicle supply equipment (EVSE) is a device to transmit electricity from the electric grid and distributes electricity to charge electric vehicles, like battery electric vehicles, plug-in hybrid electric vehicles, and hybrid electric vehicles.

As per data issued by the US Department of Energy, 15 million electric vehicles are anticipated to be on the road in the US by 2030, which requires about 27,000 DCFC and 600,000 level 2 public charging outlets.

 

The growing levels of carbon emissions and other adverse gases stemming from transportation have sparked the necessity of adopting electric vehicles. Escalating investment in battery systems and high interest in environment-friendly technology are driving the interest of automakers in electric vehicles. Furthermore, governments of the countries are devising policies to increase the relinquishment rate of the EV.

 

Regional Analysis

The Global Electric Vehicle Charging Station Market is segmented into five regions; North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.

 

Electric vehicle charging stations are pacifying the global market, owing to the efficient initiatives taken by the governments of countries similar to China, Japan, India, and Singapore. The countries included in Asia- Pacific substantially concentrate on investing money and time in developing charging infrastructure and expanding the collaborations between vehicle OEMs and technology providers in the aftermarket.

 

North America is comprehended for hastily adopting new technologies, initially owing to the rapidly boosting GDP and high employment rate. In North America, since 2014, the sale of electric cars has doubled, which implies that the demand for electric vehicles has rolled out rapidly. This demand for electric vehicles will increase the installation of electric charging stations across the US, Canada, and Mexico.

 

Market Segmentation

The Global Electric Vehicle Charging Station Market is segmented by following;

By Level of Charging

• Level 1
• Level 2
• Level 3

By Charging Station Type

• AC Charging
• DC Charging
• Wireless Charging

By Power Output

• <11KW
• 11KW-50KW
• >50KW

By Supplier Type

• OE Charging Station
• Private Charging Station

By Vehicle Type

• Passenger Cars
• Battery Electric Vehicle (BEV)
• Plug-in Hybrid Vehicle(PHEV)
• Heavy Commercial Vehicles
• Light Commercial Vehicles
• Two-wheelers & Scooters

By Installation Type

• Fixed
• Portable
• Residential
• Commercial

By Connector Type

• Normal Charging
• Type 2
• CCS
• CHAdeMO
• Tesla SC
• GB/T

By Application

• Private
• Public

By Mounting Type

• Wall Mount
• Pedestal Mount
• Ceiling Mount

By Charging Service

• EV Charging Service
• Battery Swapping Service

By End User

• Commercial EV Charging Stations
• Commercial Public EV Charging Stations
• On-Road Charging
• Parking Spaces
• Destination Chargers
• Commercial Private EV Charging Stations
• Fleet Charging
• Captive Charging
• Residential EV Charging Stations

Key Players

The Global Electric Vehicle Charging Station Market key players are Schneider Electric (France), ABB (Switzerland), Eaton (Ireland), Siemens (Germany), Webasto Group (Germany), Tesla (US), EV go Services LLC (US), ChargePoint Inc. (US)

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