Global Electric Vehicle Charging Stations Market – Industry Trends and Forecast to 2030

Global Electric Vehicle Charging Stations Market, By Charging Stations (AC Charging/ Normal Charging Station, DC Charging/ Super Charging Station, Others), Charger Type (Portable Charger, Fixed Charger), Charging Type (Off Board Top Down Pantograph, On Board Bottom Up Pantograph, Charging Via Connector), Charging Services (EV Charging Services, Battery Swapping Service), Mode Of Charging (Plug In Charging, Wireless Charging), Connectivity Type (Non-Connected Charging Stations, Smart Connected Charging Stations, Pantograph, Connectors, Combined Charging Systems, Chademo, Others), Charging Infrastructure (Normal Charging, Type 2, CCS, Tesla SC, GB/T Fast), Vehicle Type (Passengers Cars, Commercial Cars, Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicles (PHEV), Two Wheelers and Scooters, Hybrid Electric Vehicles (HEV)), Installation Type (Individual Houses, Commercial, Apartments, Others), Connecting Phase (Single Phase, Three Phase), Technology (Level 1, Level 2, Level 3), Operations (Mode 1, Mode 2, Mode 3, Mode 4), Components (Hardware, Software, Services), Application (Public, Semi-Public, Private), End User (Residential, Commercial) – Industry Trends and Forecast to 2030. 

Electric Vehicle Charging Stations Market Analysis and Sizes

Growing electric vehicle users all over the world need vehicle charging systems, builders are focusing on maximizing charging stations and charging points to fulfill the operating needs of these vehicles. The growing demand for electric vehicles needs the development of appropriate charging set up, substantial developments in both home and outdoor charging are projected over the projection period to get up customer demand. Governments in different countries are also showing a positive attitude to promote electric vehicle which will grace the market growth of EV charging stations.                           

Data Bridge Market Research analyses that the electric vehicle charging stations market which was USD 16.9 billion in 2022, would rocket up to USD 194.78 billion by 2030, and is expected to undergo a CAGR of 35.74% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Electric Vehicle Charging Stations Market Scope and Segmentation

Market Definition

An electric vehicle charging station is a device that charges electric vehicles (EVs) such as hybrids, and electric automobiles. Power grid, run the charging station through the help of software application, energy controller, network operations centre, facility meter, and energy conversion. The charger device allows for different grades of charging. Level 1 charging stations use a conventional household outlet, level 2 charging stations are compatible with all-electric vehicles, and level 3 charging stations are direct current (DC) fast chargers that charge automobiles quickly.

 Global Electric Vehicle Charging Stations Market Dynamics

Drivers

• Growing rate of electronic vehicle

Worldwide adoption of electronic vehicles creates the necessity to develop the infrastructure of charging stations. Top market players of EVS are also focusing on R&D to develop more sustainable charging Infrastructure, due to the demand for EVs in the market government and private organizations are investing in such projects for the betterment of the society, which will drive the growth of electric vehicle charging stations

•  Government is funding EV charging station   

Many governments of many countries are focusing on collaboration with oil and gas companies to plan and develop the infrastructure for charging stations. They are also focusing to install charging station every 100 kilometres on the national highway to encourage the growth of EVs, the government are also funding for the such project which will drive the growth of electric vehicle charging stations   

Opportunities

• Demand for clean and advanced transportation

Customer demand clean transportation services, due to increasing concerns regarding environmental pollution. This environmental concern has made people think about electric vehicles. EVs transportation developers believe that pollution problems, traffic problems, and accidents will greatly decrease with the advanced features of EVS. People are adopting electric scooters and electric cycles for daily work which makes them pollution. In many countries, the government has banned using of gasoline vehicles in some areas to promote clean transportation. EVs are also advanced in technology, it produce data planners that customer can use to reorganize parking and roadways, which create an opportunity for electric vehicle charging station to grow in the market

• Reducing the battery cost of EVs

Reducing the battery cost will propel the market growth of EVS, the cost of electric vehicle are less as compared to traditional vehicle. If manufacturers are also focusing to reduce the cost of the battery for more preference electronic vehicles by people, the customer will hardly prefer traditional vehicles which is a costly and highly polluting factor. So reducing battery costs can create an opportunity for electronic vehicle charging stations to grow.    

Restraints/Challenges

• High cost of installing charging stations in remote areas  

In developing and underdeveloped areas installation of electric charging stations will cost high due to the lack of proper infrastructure, equivalent for charging station installation cost is very high. Constant electricity supply is needed for electric charging stations, which are very few in such areas, which can restrain the growth of electric charging stations.    

• Limited range of EVs and time taking while charging

Limited range and time taken in charging can make electric vehicles less trustworthy, maximum developing countries are not excepting electric models because of their charging time. EV charging time can miss managing the productive time of the customer and, even range anxiety can trouble the user, which can restrain the growth of the electric vehicles charging station market.

  This electric vehicle charging stations  market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the  electric vehicle charging stations market contact Data Bridge Market Research for an analyst brief, our team will help you take an informed market decision to achieve market growth.

Recent Development

• The mobility start-up in India, planned to establish 500 EV charging stations in 11 cities in India. The company has partnered with Midgard Electric as the EV charging partner to install Bharat AC-001 and DC-001 EV chargers for the Automobile’s outlets.
• Exicom, the power solutions and telecom Equipment Company, installed around 5000 EV charging stations in 200 cities in India. The company has installed around 3600AC and 1400DC fast chargers in places like bus depots, public charging stations, household, and residential communities.

Global Electric Vehicle Charging Stations Market Scope

The electric vehicle charging stations market is segmented on the basis of charging stations, charger type, charging type, charging services, mode of charging, connectivity type, charging infrastructure, vehicle type, installation type, connecting phase, technology, operations, components, applications and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Charging Stations

• AC Charging/ Normal Charging Station
• DC Charging/ Super Charging Station
• Slow DC (<49 KW)
• Fast DC (50-149 KW)
• Level 1 Ultra-Fast DC (150-349 KW)
• Level 2 Ultra-Fast DC (<349 KW)
• Inductive Charging Station
• Others
• Wall Mount
• Pedestal Mount
• Ceiling Mount

Charger Type

• Portable Charger
• Fixed Charger

Charging Type

• Off Board Top Down Pantograph
• On Board Bottom Up Pantograph
• Charging via Conector

Charging Services

• EV Charging Services
• Battery Swapping Service

Mode of Charging

• Plug in Charging
• Wireless Charging
• Static Wireless EV Charging
• Dynamic Wireless EV Charging

Connectivity Type

• Non-Connected Charging Stations
• Smart Connected Charging Stations
• Pantograph
• Connectors
• Combined Charging Systems
• Chademo
• Others

Charging Infrastructure

• Normal Charging
• Type 2
• IEC 621196
• CCS
• Tesla SC
• GB/T Fast

Vehicle Type

• Passengers Cars
• Commercial Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles
• Battery Electric Vehicle (BEV)
• Plug-In Hybrid Electric Vehicles (PHEV)
• Two Wheelers and Scooters
• Hybrid Electric Vehicles (HEV)

Installation Type

• Individual Houses
• Commercial
• Commercial Public EV Charging Stations
• On-Road Charging
• Parking Spaces
• Destination Chargers
• Commercial Private EV Charging Stations
• Fleet Charging
• Captive Charging
• Apartments
• Others

Connecting Phase

• Single Phase
• Three Phase

Technology

• Level 1
• Level 2
• Level 3

Operations

• Mode 1
• Mode 2
• Mode 3
• Mode 4

Components

• Hardware
• Electric Vehicle Supply Equipment (EVSE)
• Electrical Distribution Systems
• Cable Management Systems
• Software
• Charging Station Management Systems (CSMS)
• Interoperability Solutions
• Open Charge Point Protocol (OCPP)
• Smartphone Applications
• Services
• Maintenance Services
• Systems Integration and Installation Services

Application

• Public
• Semi-Public
• Private

End User

• Residential
• Commercial

Global Electric Vehicle Charging Stations Market Regional Analysis/Insights

The electric vehicle charging stations market is analysed and market size insights and trends are provided by charging stations, charger type, charging type, charging services, mode of charging, connectivity type, charging infrastructure, vehicle type, installation type, connecting phase, technology, operations, components, applications and end user as referenced above.

The countries covered in electric vehicle charging stations  market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the global electric vehicle charging stations market because of its strong base in industrialization, strong presence of major players in the market and good foreign policy, and high demand of EVs.  

North America is expected to witness significant growth due to the increase in the demand for EVs, and the presence of a strong electronic market such as Tesla. Availability of growing market, growing demand for quality electric vehicle charging stations.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Global Electric Vehicle Charging Station Market Share Analysis

The electric vehicle charging station market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to electric vehicle market.  

Some of the major players operating in the electric vehicle charging stations market are:

• ABB (Switzerland)
• ChargePoint, Inc. (U.S.)
• Tesla (U.S.)
• BYD Motors Inc. (China)
• BP p.l.c. (U.K.)
• Webasto Group (Germany)
• Schneider Electric (France)
• Blink Charging Co. (U.S.)
• Renault Group  (France)
• Phihong USA Corp. (U.S.)
• EV Safe Charge Inc (U.S.)
• Eaton (Ireland)
• Tata Power. (India)
• SemaConnect, Inc. (U.S.)
• Mercedes-Benz Group AG. (Germany)
• Siemens (Germany)
• EVgo Services LLC (U.S.)
• Engie SA (France)
• TotalEnergies(France)
• Enphase Energy (U.S.)