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Electric Vehicle Charging Station Market Size By Vehicle Type (Passenger Cars, Commercial Vehicles ), By Charger Type ( AC Charging Station, DC Charging Station), Application and Region - Forecast to 2030

Format: PDF | Pages: 302 | Report ID: MRS1117


Report Description

The global electric vehicle charging station market size was valued at USD 15.03 Billion in 2021, expanding at a CAGR of 32.8% from 2022-2030 to reach 110.9 Billion USD in 2030.

Market Dynamics

Factors such as expanding EV sales worldwide, as well as the rising desire for zero-emission transportation, will drive demand for the EV charging station market. Bi-directional charging, portable charging stations, smart charging with congestion management, utilization analytics, and automatic payment, as well as the advancement of ultra-fast fast chargers, will open up new potential in this sector. The planned standardization of charging ports and government regulations by the world's main economies (estimated around 2025, with Tesla already offering ports for CCS, CHAdeMO currently having GB/T ports since around December 2021) has sped up the establishment of electric car charging stations.

The increased acceptance and use of electric cars have highlighted the need for charge infrastructure building. Leading EV industry in countries such as China, the United States, and Germany are spending heavily on EV charging stations as well as research and development for quicker and more efficient charging techniques. Significant expenditures by manufacturers are projected to respond to the expanding desire for EVs and play a significant role in the market's growth. Tesla, Ford, Volkswagen, BMW, Nissan, and General Motors all have large R&D resources for EV research. This shows that there is an increasing demand for EVs, which will enhance the market for EV charging stations.

Regional Insights

During the forecast period, the Asia Pacific region is expected to lead the worldwide EV Charging Station industry. The APAC market is projected to be driven by China's huge expansion of EV charging network, rising demand for inexpensive EVs for regular usage, and government incentives for EVs. During the predicted period, China's rapidly expanding economy stimulates the spread of innovative innovations to enhance electrification. China has committed around $ 2.4 billion in developing the country's charge stations until 2020. Japan and South Korea have announced plans to significantly increase the amount of electric car charging outlets in their respective nations over the next several years. Furthermore, the Indian government has announced plans to install 69,000 Electric vehicle charging stations across the country as part of its initial phase of EV infrastructure development, with a requirement for 4 lakh charging points predicted by 2026.

Segment Insights

Electric cars are an essential component of the automobile industry. They provide a path for improved energy efficiency and lower pollution and greenhouse emissions. The key elements driving this rise are rising environmental issues and favorable government measures. By the end of 2025, yearly sales of electric passenger cars are expected to exceed 5 million. By the end of 2025, electric vehicles are predicted to account for 15% of total vehicle sales.

Competitive Insights

The market for electric car charging stations is well concentrated. Few businesses dominate the market, including The State Grid Corporation of China, Siemens, ABB, Tesla Inc., and Qingdao Tgood Electric Co., Ltd.  The State Grid Corporation of China leads the market for electric car charging stations, followed by ABB. Currently, the firm has incorporated over 1 million charging points in 273 cities throughout 29 provinces. The corporation is growing its reach by forming alliances with big automakers. For example, in 2018, SGCC and BMW announced a strategic agreement in which SGCC would provide BMW automobile customers with access to over 270,000 charging pillars across China by the end of 2020.

ABB signed a deal with charging system supplier Bornes Québec in May 2021 to increase the availability of quick and easy EV charging stations in the province and to speed Canada's transition to sustainable transport.

Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products, etc.):

  • The State Grid Corporation of China (SGCC)
  • The Newmotion BV (Acquired by Shell)
  • Tesla Motors Inc.
  • Star Charge
  • Siemens AG
  • SemaConnect Inc.
  • Schneider Electric SE
  • Qingdao Tgood Electric Co. Ltd
  • Leviton Manufacturing Co. Inc.
  • Evgo (Acquired by L.S. Power)
  • Evbox (ENGIE)
  • EV Solutions (Webasto)
  • Efacec
  • ChargePoint Inc.
  • BP Pulse
  • ABB

Vehicle Type Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • Passenger Cars
  • Commercial Vehicles

Charger Type Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • AC Charging Station
  • DC Charging Station

Application Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • Public
  • Private  

Region Coverage (Regional Consumption, Demand & Forecast by Countries, etc.):

  • North America (U.S., and Canada)
  • Europe (Germany, U.K., France, Italy, Spain etc.)
  • Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
  • South America (Brazil, Mexico, Argentina etc.)
  • Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa etc.)

Frequently Asked Questions

The global electric vehicle charging station market size is estimated at USD 15.03 million in 2021, expanding at a CAGR 32.8% from 2022-2030 to reach 110.9 Billion USD in 2030.
The largest electric vehicle charging provider is ChargePoint.
Tesla has been a major player in the EV market, with a wide range of electric cars and a large Supercharger network.
The EV charging station market is growing rapidly due to the increasing popularity of electric vehicles, as well as government incentives and regulations that encourage the adoption of EVs
The State Grid Corporation of China (SGCC), The Newmotion BV (Acquired by Shell),Tesla Motors Inc., Star Charge, Siemens AG, SemaConnect Inc., Schneider Electric SE, Qingdao Tgood Electric Co. Ltd, Leviton Manufacturing Co. Inc., Evgo (Acquired by L.S. Power), Evbox (ENGIE),EV Solutions (Webasto), Efacec, ChargePoint Inc.,BP Pulse, ABB

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