Image

Global Electric Vehicle Charging Stations Market – Industry Trends and Forecast to 2029

  • Automotive
  • Upcoming Report
  • Apr 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Electric Vehicle Charging Stations Market, By Charging Station (AC Charging/ Normal Charging Station, DC Charging/ Super Charging Station and Inductive Charging Station), Vehicle Type (Battery Electric Vehicle (BEV) and Plug-In Hybrid Electric Vehicles (PHEV)), Installation Type (Individual Houses, Commercial, Apartments and Others), Technology (Level 1, Level 2 and Level 3), Charger Type (Portable Charger and Fixed Charger) – Industry Trends and Forecast to 2029.

Electric Vehicle Charging Stations Market

Global Electric Vehicle Charging Stations Market Analysis and Size

With the rise in electric vehicle sales around the world, manufacturers are focusing on building a solid infrastructure to meet the operating needs of these vehicles. The growing popularity of electric vehicles necessitates the development of appropriate charging infrastructure. Furthermore, considerable developments in both home and outdoor charging are projected over the projection period to suit customer demand.

  • Data Bridge Market Research analyses that the electric vehicle charging stations market was valued at USD 6.97 billion in 2021 and is expected to reach USD 167.52 billion by 2029, registering a CAGR of 48.80% during the forecast period of 2022 to 2029. 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.

Global Electric Vehicle Charging Stations Market Definition

An electric vehicle charging station, often known as an EVSE, is a device that charges plug-in electric vehicles (EVs) such as hybrids, electric automobiles, and neighbourhood electric vehicles. A software application, energy controller, network operations center, facility meter, and energy conversion system connected to the power grid run the charging stations. The charger device allows for different degrees of charging. Level 1 charging stations use a conventional household outlet, level 2 charging stations are compatible with all-electric vehicles and have a cord that connects directly into the vehicle, and level 3 charging stations are direct current (DC) fast chargers that charge automobiles quickly.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Charging Station (AC Charging/ Normal Charging Station, DC Charging/ Super Charging Station and Inductive Charging Station), Vehicle Type (Battery Electric Vehicle (BEV) and Plug-In Hybrid Electric Vehicles (PHEV)), Installation Type (Individual Houses, Commercial, Apartments and Others), Technology (Level 1, Level 2 and Level 3), Charger Type (Portable Charger and Fixed Charger)

Countries Covered

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.

Market Players Covered

ABB (Switzerland), Shell plc (UK), ChargePoint (US), Tesla (US), BYD (China), bp Chargemaster (UK), Webasto Thermo & Comfort (Germany), Schneider Electric (France), Blink Charging Co. (US), Groupe Renault (France), Phihong USA Corp. (US), EV Safe Charge Inc (US), Eaton (Ireland), Tata Power. (India), SemaConnect, Inc. (US), Daimler AG (Germany), Siemens (Germany), EVgo Services LLC (US), Engie SA (France), Total (France), ClipperCreek, Inc. (US)

Market Opportunities

  • Increase in the number of emerging markets
  • Rise in the use of vehicle-to-grid (V2G) EV charging stations for electric vehicles
  • Rise in strategic collaborations

Electric Vehicle Charging Stations Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

  • Rise in the sales of electric vehicle globally

The growing popularity and use of electric vehicles has highlighted the need for charging infrastructure development. China, the United States, and Germany, for instance, are spending heavily in electric vehicles (EV) charging infrastructure and research and development for faster and more efficient charging techniques.

  • Technological advancement

Various technical breakthroughs are propelling market expansion, such as the integration of all-EV charging station systems with the internet of things (IoT) and real-time information solutions. These technologies aid users in discovering local charging stations, providing real-time information on the availability of vacant places, and scheduling convenient fill-up times.

Furthermore, increasing level of disposable income and growing urbanization will drive market value growth. Other significant factors influencing the market’s growth rate include the implementation of various government initiatives to improve the adoption of hybrid and EVs and widespread deployment of supercharging stations in remote areas.

Opportunities

  • Rise in the use of vehicle-to-grid (V2G) EV charging stations for electric vehicles

Vehicle-to-Grid (V2G) EV charging is a technology that allows electrical energy to flow in both directions between plug-in electric vehicles and the power grid. The V2G technology allows EVs to store and discharge unused energy to the grid. This can improve the performance of the electrical component while also adding value to EV owners.

Moreover, rise in strategic collaborations and emerging new markets will act as market drivers and further boost beneficial opportunities for the market’s growth rate. The surging technological advancement will boost new market opportunities for the market’s growth rate.

Restraints/ Challenges Global Electric Vehicle Charging Stations Market

  • The dearth of standardization of current electric vehicle charging infrastructure

On the other hand, the lack of standardization of current electric vehicle charging infrastructure will limit the market’s growth rate. The necessity for standardization of electric car charging stations has been highlighted by factors such as the growth of the electric vehicle market and variances in charging loads.

However, strict rules associated with the installation of electric vehicle charging stations will hinder the electric vehicle charging stations market growth rate. Along with this, high cost of EVs as compared to ICE vehicles and primitive power grid infrastructure will impede the market growth. The negative impact of COVID-19 outbreak on supply chain will act as market restraint and further challenge the market growth rate.   

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.

COVID-19 Impact on Electric Vehicle Charging Stations Market

The worldwide economy has slowed as a result of the coronavirus outbreak. Despite the fact that new versions pose a major risk to human health, the market for electric vehicle charging stations is expected to increase again as regulations are eased and trade borders are opened. Because the automobile industry has been one of the most hit by the pandemic, market participants are relying on contingency planning to tackle supply chain, operations, and inventory management issues. Domestic and international businesses are taking advantage of government stimulus measures to boost EV sales. As a result of these trends, the infrastructure for electric vehicle charging stations is expected to grow.

Recent Development

  • In September 2021, Terra 360, the world's quickest electric vehicle charger, has been announced by ABB. This charging infrastructure can charge up to four vehicles at once and can fully charge an electric vehicle in 15 minutes. This company is believed to be worth USD 3 billion. By 2021, Europe was anticipated to have this infrastructure.

Global Electric Vehicle Charging Stations Market Scope

The electric vehicle charging stations market is segmented on the basis of charging station, vehicle type, installation type, technology and charger type. 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 Station

  • AC Charging/ Normal Charging Station
  • DC Charging/ Super Charging Station
  • Inductive Charging Station

On the basis of charging station, the electric vehicle charging stations market is segmented into AC charging/ normal charging station, DC charging/ super charging station and inductive charging station.

Vehicle Type

  • Battery Electric Vehicle (BEV)
  • Plug-In Hybrid Electric Vehicles (PHEV)

On the basis of vehicle type, the electric vehicle charging stations market is segmented into battery electric vehicle (BEV) and plug-in hybrid electric vehicles (PHEV).

Installation Type

  • Individual Houses
  • Commercial
  • Apartments
  • Others

On the basis of installation type, the electric vehicle charging stations market is segmented into individual houses, commercial, apartments and others.

Technology

  • Level 1
  • Level 2
  • Level 3

On the basis of technology, the electric vehicle charging stations market is segmented into level 1, level 2 and level 3.

Charger Type

  • Portable Charger
  • Fixed Charger

On the basis of charger type, the electric vehicle charging stations market is segmented into portable charger and fixed charger.

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 country, charging station, vehicle type, installation type, technology and charger type as referenced above.

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

Asia-Pacific dominates the electric vehicle charging stations market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the rising environmental concern among people and government and growing number of electric vehicles in this region.

During the projected period, North America and Europe are expected to be the fastest developing regions. Over the next few years, the United States is likely to see a major increase in the number of DC charging stations installed. In the United States and Germany, an increase in the number of household electric vehicle charging stations is projected.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact 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 Electric Vehicle Charging Stations Market Share Analysis

The electric vehicle charging stations 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 charging stations market.

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

  • ABB (Switzerland)
  • Shell plc (UK)
  • ChargePoint (US)
  • Tesla (US)
  • BYD (China)
  • bp Chargemaster (UK)
  • Webasto Thermo & Comfort (Germany)
  • Schneider Electric (France)
  • Blink Charging Co. (US)
  • Groupe Renault (France)
  • Phihong USA Corp. (US)
  • EV Safe Charge Inc (US)
  • Eaton (Ireland)
  • Tata Power. (India)
  • SemaConnect, Inc. (US)
  • Daimler AG (Germany)
  • Siemens (Germany)
  • EVgo Services LLC (US)
  • Engie SA (France)
  • Total (France)
  • ClipperCreek, Inc. (US)      

Research Methodology : Global Electric Vehicle Charging Stations Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The stage includes the obtainment of market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-electric-vehicle-charging-stations-market

Customization Available : Global Electric Vehicle Charging Stations Market

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.


SKU-

Please fill in the below form for detailed Table of Content

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Table

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Figure

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

CHOOSE LICENCE TYPE
  • 7000.00
  • 4800.00
  • 3000.00
  • 8000.00
  • 12000.00
Why Choose Us
Unlocking New Opportunities on this Report Post Covid-19

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions



Frequently Asked Questions

The Market Value for Electric Vehicle Charging Stations Market is expected USD 167.52 billion by 2029.
The Electric Vehicle Charging Stations Market is to Grow at a CAGR of 48.80% During the Forecast Period of 2022 to 2029.
ABB (Switzerland), Shell plc (UK), ChargePoint (US), Tesla (US), BYD (China), bp Chargemaster (UK), Webasto Thermo & Comfort (Germany), Schneider Electric (France), Blink Charging Co. (US), Groupe Renault (France) are the Major Companies Operating in Electric Vehicle Charging Stations Market.
The Countries Covered in the 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.
The Electric Vehicle Charging Stations Market Report Curated by the Data Bridge Market Research Team Includes In-Depth Expert Analysis, Patient Epidemiology, Pipeline Analysis, Pricing Analysis, and Regulatory Framework.