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)
Read more:
in-vehicle infotainment market
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