Electric Vehicle Charging Station Market - Global Industry Analysis

Electric Vehicle Charging Station Market By Vehicle Type (Passenger Vehicles and Commercial Vehicles), By Charger Type (AC Charging Station and DC Charging Station), By Application (Public and Private), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028

Published Date: 29-Apr-2022 Category: Semiconductor & Electronics Report Format : PDF Pages: 166 Report Code: ZMR-3368 Status : Published

The global electric vehicle charging station market was estimated at USD 35.42 billion in 2021 and is projected to grow to about USD 114.67 billion by 2028, with a compound annual growth rate (CAGR) of approximately 31.9 percent over the forecast period.

Description

Industry Prospective:

The global electric vehicle charging station market was estimated at USD 35.42 billion in 2021 and is projected to grow to about USD 114.67 billion by 2028, with a compound annual growth rate (CAGR) of approximately 31.9 percent over the forecast period. The report offers a detailed analysis of the electric vehicle charging station market’s drivers, restraints, challenges, and their effect on the overall performance of the market.

Electric Vehicle Charging Station Market: Overview

An EVSE (electric vehicle charging station) is a system that powers plug-in electric vehicles such hybrids, electric vehicles, and communal electric vehicles. The charging stations are controlled by a software program, an energy controller, a network operations center, a facility meter, and a power conversion system connected to the electrical grid. Different levels of charging are possible with the charger device. Level 1 charging points utilize a standard home outlet, level 2 charging points are designed for all-electric vehicles and contain a connection that attaches directly to the vehicle, and level 3 charging points are DC fast chargers that power cars faster. These stations also provide accurate emission data and aid in the reduction of overall maintenance costs.

COVID-19 Impact:

Stringent lockdowns imposed during the COVID-19 pandemic had a modest impact on the global electric vehicle charging station market in early 2020. The need for EV charging stations surged in 2021 as a result of increasing demand for EVs and associated markets during the outbreak, thanks to government incentives throughout the world. Leading charging system manufacturers and network managers have increased the number of private and public electric vehicle charging stations across the world. Shell, for example, has over 250,000 electric vehicle charging stations worldwide as of December 2021, up from fewer than 50,000 in 2020. As of December 2021, ABB has over 400,000 electric vehicle charging stations, an increase of more than 100 percent over the previous year. EV charging alternatives have been expanded by all other charging station manufacturers and network providers. This market was less harmed during the pandemic due to a major push from governments throughout the world to stage off ICE automobiles.

Electric Vehicle Charging Station Market: Growth Drivers

Increasing sales of electric vehicles worldwide majorly contribute to the market growth.

The growing popularity and use of electric cars have highlighted the need for charging infrastructure development. China, the United States, and Germany, for example, are spending heavily on EV charging infrastructure as well as research and development for quicker and more efficient charging techniques. Automakers are projected to make significant expenditures to meet the growing demand for electric vehicles and play a key role in the market's growth. Tesla, Nissan, Volkswagen, BMW, Ford, and GM all have large R&D expenditures dedicated to the development of electric vehicles. Despite the influence of COVID-19 on the industry, the global EV market grew by 41 percent in 2020, with about 3 million EV sales, while the total vehicle market shrank by 6 percent.

Global Electric Vehicle Charging Station Market
Electric Vehicle Charging Station Market: Restraints

Dearth of standardization in the present electric vehicle charging infrastructure can hinder the market growth.

The necessity for standardization of electric car charging stations has been highlighted by factors such as the expansion of the electric vehicle industry and variances in charging loads. Certain electric vehicle charging stations may only work with a specific voltage. For example, level 1 charging stations provide a voltage of 120V AC, whereas level 2 charging stations give a voltage of 208/240V AC. DC charging stations, on the other hand, use 480V AC to enable quick charging. For the creation of a favorable ecology and a rise in EV sales, governments must standardize charging infrastructure. Distinct nations have different quick charging requirements. CHAdeMO is used in Japan, CCS is used in Europe, the United States, & South Korea, and GB/T is used in China. Because India has yet to achieve uniformity in fast charging systems, the Indian government has ordered the installation of both CHAdeMO and CCS methods. However, because this rule raised the cost of installing charging stations, the government amended the guidelines in July 2019 and allowed charging station developers to pick their preferred technique. Further, Tesla, a California-based electric vehicle manufacturer, employs high-performance superchargers that are exclusive to Tesla and cannot be utilized by other electric vehicles. Thus, these factors may impede the expansion of the global electric vehicle charging station market to a certain extent.

Electric Vehicle Charging Station Market: Opportunities

Increasing implementation of V2G charging stations for EVs may offer a better opportunity for market expansion.

Vehicle-to-Grid (V2G) charging stations are 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 increase the performance of the electrical device while also adding value to EV owners. Electric vehicle charging processes have been simplified as a result of the introduction of this technology, and EVs have become one of the most popular ways of transportation. As a result, the entire charging station business is critical for connecting the grid to the electric car and enabling charging.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Electric Vehicle Charging Station Market: Challenges.

Strick rules imposed to set up charging stations for electrical vehicles pose a major challenge to the market growth.

Various countries' governments have enacted strict regulations governing the placement of charging stations. When building charging stations, service providers are expected to follow a set of guidelines. When the installation is on private land, they need permission from plot owners, local governments for regulatory obligations, and energy suppliers for energy transmission. To get permits for the construction of domestic EV charging stations, homeowners or contractors must submit plot plans, electrical load estimates, electrical plans, installation instructions, and charger specs to the local permitting office. In commercial settings, the processes for installing EV charging stations are more complicated than in residential locations. Permits, design guidelines, electricity supply or metering, parking & sign regulations, zoning restrictions, and inspection fees are all required for a commercial installation. Due to such numerous steps involved in the value chain the installation of charging stations is difficult.

Electric Vehicle Charging Station Market: Segmentation

The global electric vehicle charging station market is categorized based on charger type, vehicle type, application, and region. Based on the charger type, the global market is divided into DC charging stations and AC charging stations. The vehicle type segment is split into commercial vehicles and passenger cars. The application segment comprises private and public.

Recent Developments

  • In November 2021, Tesla announced the release of a novel home charger with a J1772 socket that is compatible with all-electric vehicles in North America. The J1772 Gen 2 Wall Connector features a 24-foot (7.3 metres) cable length, a versatile indoor/outdoor design, and several power settings to provide up to 9.6 kW (40 amp) power output for a single car.
  • In September 2021, ABB unveiled a revolutionary all-in-one electric vehicle (EV) charger that offers the industry's fastest charging experience. The Terra 360 from ABB is a modular charger that can charge up to 4 cars at once with dynamic power distribution.

Electric Vehicle Charging Station Market: Regional Landscape

Asia Pacific to lead the global market during the forecast period.

In terms of both value and volume, Asia Pacific accounted for the maximum share of the global electric vehicle charging station market in 2020, followed by Europe and North America. Europe, on the other hand, is predicted to increase at the quickest rate in terms of value throughout the projection period. Government measures to improve charging infrastructure across the region are credited with the region's rapid growth. Germany, France, Norway, the Netherlands, and the United Kingdom are five of the region's early adopters of electric vehicles and charging stations. To offer customers the confidence to move to electric vehicles, the EU established a goal of one million public charging sites for electric vehicles by 2024 and more two million by 2029. Furthermore, numerous other European nations have established objectives to cut carbon emissions and promote electric vehicle use by 2020, accelerating the rollout of EV charging stations across the continent.

Electric Vehicle Charging Station Market: Competitive Landscape

Some of the predominant players that are operating in the global electric vehicle charging station market include BYD, Tesla, ChargePoint, Shell, ABB, Leviton Manufacturing Co. Inc., Evbox (ENGIE), Siemens AG, Schneider Electric SE, and Qingdao Tgood Electric Co. Ltd, among others.

Global electric vehicle charging station market is segmented as follows:

By Vehicle Type

  • Passenger Cars
  • Commercial Vehicles

By Charger Type

  • AC Charging Station
  • DC Charging Station

By Application

  • Public
  • Private

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Electric Vehicle Charging Station Market, (2022 - 2028) (USD Billion)
    • 2.2 Global Electric Vehicle Charging Station Market : snapshot
  • Chapter 3. Global Electric Vehicle Charging Station Market - Industry Analysis
    • 3.1 Electric Vehicle Charging Station Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Increasing sales of electric vehicles worldwide majorly contribute to the market growth
    • 3.3 Market Restraints
      • 3.3.1. Dearth of standardization in the present electric vehicle charging infrastructure can hinder the market growth
    • 3.4 Market Opportunities
      • 3.4.1. Increasing implementation of V2G charging stations for EVs may offer a better opportunity for market expansion
    • 3.5 Market Challenges
      • 3.5.1. Strick rules imposed to set up charging stations for electrical vehicles pose a major challenge to the market growth
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Vehicle Type
      • 3.7.2 Market attractiveness analysis By Charger Type
      • 3.7.3 Market attractiveness analysis By Application
  • Chapter 4. Global Electric Vehicle Charging Station Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Electric Vehicle Charging Station Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Electric Vehicle Charging Station Market - Vehicle Type Analysis
    • 5.1 Global Electric Vehicle Charging Station Market overview: By Vehicle Type
      • 5.1.1 Global Electric Vehicle Charging Station Market share, By Vehicle Type, 2021 and 2028
    • 5.2 Passenger Cars
      • 5.2.1 Global Electric Vehicle Charging Station Market by Passenger Cars, 2022 - 2028 (USD Billion)
    • 5.3 Commercial Vehicles
      • 5.3.1 Global Electric Vehicle Charging Station Market by Commercial Vehicles, 2022 - 2028 (USD Billion)
  • Chapter 6. Global Electric Vehicle Charging Station Market - Charger Type Analysis
    • 6.1 Global Electric Vehicle Charging Station Market overview: By Charger Type
      • 6.1.1 Global Electric Vehicle Charging Station Market share, By Charger Type, 2021 and 2028
    • 6.2 AC Charging Station
      • 6.2.1 Global Electric Vehicle Charging Station Market by AC Charging Station, 2022 - 2028 (USD Billion)
    • 6.3 DC Charging Station
      • 6.3.1 Global Electric Vehicle Charging Station Market by DC Charging Station, 2022 - 2028 (USD Billion)
  • Chapter 7. Global Electric Vehicle Charging Station Market - Application Analysis
    • 7.1 Global Electric Vehicle Charging Station Market overview: By Application
      • 7.1.1 Global Electric Vehicle Charging Station Market share, By Application, 2021 and 2028
    • 7.2 Public
      • 7.2.1 Global Electric Vehicle Charging Station Market by Public, 2022 - 2028 (USD Billion)
    • 7.3 Private
      • 7.3.1 Global Electric Vehicle Charging Station Market by Private, 2022 - 2028 (USD Billion)
  • Chapter 8. Electric Vehicle Charging Station Market - Regional Analysis
    • 8.1 Global Electric Vehicle Charging Station Market Regional Overview
    • 8.2 Global Electric Vehicle Charging Station Market Share, by Region, 2021 & 2028 (USD Billion)
    • 8.3. North America
      • 8.3.1 North America Electric Vehicle Charging Station Market, 2022 - 2028 (USD Billion)
        • 8.3.1.1 North America Electric Vehicle Charging Station Market, by Country, 2022 - 2028 (USD Billion)
    • 8.4 North America Electric Vehicle Charging Station Market, by Vehicle Type, 2022 - 2028
      • 8.4.1 North America Electric Vehicle Charging Station Market, by Vehicle Type, 2022 - 2028 (USD Billion)
    • 8.5 North America Electric Vehicle Charging Station Market, by Charger Type, 2022 - 2028
      • 8.5.1 North America Electric Vehicle Charging Station Market, by Charger Type, 2022 - 2028 (USD Billion)
    • 8.6 North America Electric Vehicle Charging Station Market, by Application, 2022 - 2028
      • 8.6.1 North America Electric Vehicle Charging Station Market, by Application, 2022 - 2028 (USD Billion)
    • 8.4. Europe
      • 8.4.2 Europe Electric Vehicle Charging Station Market, 2022 - 2028 (USD Billion)
        • 8.4.2.1 Europe Electric Vehicle Charging Station Market, by Country, 2022 - 2028 (USD Billion)
    • 8.4 Europe Electric Vehicle Charging Station Market, by Vehicle Type, 2022 - 2028
      • 8.4.1 Europe Electric Vehicle Charging Station Market, by Vehicle Type, 2022 - 2028 (USD Billion)
    • 8.5 Europe Electric Vehicle Charging Station Market, by Charger Type, 2022 - 2028
      • 8.5.1 Europe Electric Vehicle Charging Station Market, by Charger Type, 2022 - 2028 (USD Billion)
    • 8.6 Europe Electric Vehicle Charging Station Market, by Application, 2022 - 2028
      • 8.6.1 Europe Electric Vehicle Charging Station Market, by Application, 2022 - 2028 (USD Billion)
    • 8.5. Asia Pacific
      • 8.5.3 Asia Pacific Electric Vehicle Charging Station Market, 2022 - 2028 (USD Billion)
        • 8.5.3.1 Asia Pacific Electric Vehicle Charging Station Market, by Country, 2022 - 2028 (USD Billion)
    • 8.4 Asia Pacific Electric Vehicle Charging Station Market, by Vehicle Type, 2022 - 2028
      • 8.4.1 Asia Pacific Electric Vehicle Charging Station Market, by Vehicle Type, 2022 - 2028 (USD Billion)
    • 8.5 Asia Pacific Electric Vehicle Charging Station Market, by Charger Type, 2022 - 2028
      • 8.5.1 Asia Pacific Electric Vehicle Charging Station Market, by Charger Type, 2022 - 2028 (USD Billion)
    • 8.6 Asia Pacific Electric Vehicle Charging Station Market, by Application, 2022 - 2028
      • 8.6.1 Asia Pacific Electric Vehicle Charging Station Market, by Application, 2022 - 2028 (USD Billion)
    • 8.6. Latin America
      • 8.6.4 Latin America Electric Vehicle Charging Station Market, 2022 - 2028 (USD Billion)
        • 8.6.4.1 Latin America Electric Vehicle Charging Station Market, by Country, 2022 - 2028 (USD Billion)
    • 8.4 Latin America Electric Vehicle Charging Station Market, by Vehicle Type, 2022 - 2028
      • 8.4.1 Latin America Electric Vehicle Charging Station Market, by Vehicle Type, 2022 - 2028 (USD Billion)
    • 8.5 Latin America Electric Vehicle Charging Station Market, by Charger Type, 2022 - 2028
      • 8.5.1 Latin America Electric Vehicle Charging Station Market, by Charger Type, 2022 - 2028 (USD Billion)
    • 8.6 Latin America Electric Vehicle Charging Station Market, by Application, 2022 - 2028
      • 8.6.1 Latin America Electric Vehicle Charging Station Market, by Application, 2022 - 2028 (USD Billion)
    • 8.7. The Middle-East and Africa
      • 8.7.5 The Middle-East and Africa Electric Vehicle Charging Station Market, 2022 - 2028 (USD Billion)
        • 8.7.5.1 The Middle-East and Africa Electric Vehicle Charging Station Market, by Country, 2022 - 2028 (USD Billion)
    • 8.4 The Middle-East and Africa Electric Vehicle Charging Station Market, by Vehicle Type, 2022 - 2028
      • 8.4.1 The Middle-East and Africa Electric Vehicle Charging Station Market, by Vehicle Type, 2022 - 2028 (USD Billion)
    • 8.5 The Middle-East and Africa Electric Vehicle Charging Station Market, by Charger Type, 2022 - 2028
      • 8.5.1 The Middle-East and Africa Electric Vehicle Charging Station Market, by Charger Type, 2022 - 2028 (USD Billion)
    • 8.6 The Middle-East and Africa Electric Vehicle Charging Station Market, by Application, 2022 - 2028
      • 8.6.1 The Middle-East and Africa Electric Vehicle Charging Station Market, by Application, 2022 - 2028 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 BYD
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 Tesla
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 ChargePoint
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 Shell
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 ABB
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 Leviton Manufacturing Co. Inc.
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 Evbox (ENGIE)
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 Siemens AG
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 Schneider Electric SE
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 Qingdao Tgood Electric Co. Ltd
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments

Table Of Figures

  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global Electric Vehicle Charging Station Market, 2022 - 2028 (USD Billion)
  • 4. Porter’s Five Forces Analysis
  • 5. Global Electric Vehicle Charging Station Market attractiveness, By Vehicle Type
  • 6. Global Electric Vehicle Charging Station Market attractiveness, By Charger Type
  • 7. Global Electric Vehicle Charging Station Market attractiveness, By Application
  • 8. Global Electric Vehicle Charging Station Market share by Vehicle Type, 2022 and 2028 (USD Billion)
  • 9. Global Electric Vehicle Charging Station Market by Passenger Cars, 2022 - 2028 (USD Billion)
  • 10. Global Electric Vehicle Charging Station Market by Commercial Vehicles, 2022 - 2028 (USD Billion)
  • 11. Global Electric Vehicle Charging Station Market share by Charger Type, 2022 and 2028 (USD Billion)
  • 12. Global Electric Vehicle Charging Station Market by AC Charging Station, 2022 - 2028 (USD Billion)
  • 13. Global Electric Vehicle Charging Station Market by DC Charging Station, 2022 - 2028 (USD Billion)
  • 14. Global Electric Vehicle Charging Station Market share by Application, 2022 and 2028 (USD Billion)
  • 15. Global Electric Vehicle Charging Station Market by Public, 2022 - 2028 (USD Billion)
  • 16. Global Electric Vehicle Charging Station Market by Private, 2022 - 2028 (USD Billion)
  • 17. Global Electric Vehicle Charging Station Market share, by Region, 2022 and 2028
  • 18. North America Electric Vehicle Charging Station Market, 2022 - 2028 (USD Billion)
  • 19. Europe Electric Vehicle Charging Station Market, 2022 - 2028 (USD Billion)
  • 20. Asia Pacific Electric Vehicle Charging Station Market, 2022 - 2028 (USD Billion)
  • 21. Latin America Electric Vehicle Charging Station Market, 2022 - 2028 (USD Billion)
  • 22. The Middle-East and Africa Electric Vehicle Charging Station Market, 2022 - 2028 (USD Billion)

Table Of Tables

  • 1. Global Electric Vehicle Charging Station Market: Snapshot
  • 2. Drivers of the Electric Vehicle Charging Station Market: impact analysis
  • 3. North America Electric Vehicle Charging Station Market revenue, By Vehicle Type, 2022 - 2028 (USD Billion)
  • 4. North America Electric Vehicle Charging Station Market revenue, By Charger Type, 2022 - 2028 (USD Billion)
  • 5. North America Electric Vehicle Charging Station Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 6. U.S. Electric Vehicle Charging Station Market revenue, By Vehicle Type, 2022 - 2028 (USD Billion)
  • 7. U.S. Electric Vehicle Charging Station Market revenue, By Charger Type, 2022 - 2028 (USD Billion)
  • 8. U.S. Electric Vehicle Charging Station Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 9. Canada Electric Vehicle Charging Station Market revenue, By Vehicle Type, 2022 - 2028 (USD Billion)
  • 10. Canada Electric Vehicle Charging Station Market revenue, By Charger Type, 2022 - 2028 (USD Billion)
  • 11. Canada Electric Vehicle Charging Station Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 12. Europe Electric Vehicle Charging Station Market revenue, By Vehicle Type, 2022 - 2028 (USD Billion)
  • 13. Europe Electric Vehicle Charging Station Market revenue, By Charger Type, 2022 - 2028 (USD Billion)
  • 14. Europe Electric Vehicle Charging Station Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 15. Germany Electric Vehicle Charging Station Market revenue, By Vehicle Type, 2022 - 2028 (USD Billion)
  • 16. Germany Electric Vehicle Charging Station Market revenue, By Charger Type, 2022 - 2028 (USD Billion)
  • 17. Germany Electric Vehicle Charging Station Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 18. France Electric Vehicle Charging Station Market revenue, By Vehicle Type, 2022 - 2028 (USD Billion)
  • 19. France Electric Vehicle Charging Station Market revenue, By Charger Type, 2022 - 2028 (USD Billion)
  • 20. France Electric Vehicle Charging Station Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 21. U.K. Electric Vehicle Charging Station Market revenue, By Vehicle Type, 2022 - 2028 (USD Billion)
  • 22. U.K. Electric Vehicle Charging Station Market revenue, By Charger Type, 2022 - 2028 (USD Billion)
  • 23. U.K. Electric Vehicle Charging Station Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 24. Italy Electric Vehicle Charging Station Market revenue, By Vehicle Type, 2022 - 2028 (USD Billion)
  • 25. Italy Electric Vehicle Charging Station Market revenue, By Charger Type, 2022 - 2028 (USD Billion)
  • 26. Italy Electric Vehicle Charging Station Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 27. Spain Electric Vehicle Charging Station Market revenue, By Vehicle Type, 2022 - 2028 (USD Billion)
  • 28. Spain Electric Vehicle Charging Station Market revenue, By Charger Type, 2022 - 2028 (USD Billion)
  • 29. Spain Electric Vehicle Charging Station Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 30. Rest of Europe Electric Vehicle Charging Station Market revenue, By Vehicle Type, 2022 - 2028 (USD Billion)
  • 31. Rest of Europe Electric Vehicle Charging Station Market revenue, By Charger Type, 2022 - 2028 (USD Billion)
  • 32. Rest of Europe Electric Vehicle Charging Station Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 33. Asia Pacific Electric Vehicle Charging Station Market revenue, By Vehicle Type, 2022 - 2028 (USD Billion)
  • 34. Asia Pacific Electric Vehicle Charging Station Market revenue, By Charger Type, 2022 - 2028 (USD Billion)
  • 35. Asia Pacific Electric Vehicle Charging Station Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 36. China Electric Vehicle Charging Station Market revenue, By Vehicle Type, 2022 - 2028 (USD Billion)
  • 37. China Electric Vehicle Charging Station Market revenue, By Charger Type, 2022 - 2028 (USD Billion)
  • 38. China Electric Vehicle Charging Station Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 39. Japan Electric Vehicle Charging Station Market revenue, By Vehicle Type, 2022 - 2028 (USD Billion)
  • 40. Japan Electric Vehicle Charging Station Market revenue, By Charger Type, 2022 - 2028 (USD Billion)
  • 41. Japan Electric Vehicle Charging Station Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 42. India Electric Vehicle Charging Station Market revenue, By Vehicle Type, 2022 - 2028 (USD Billion)
  • 43. India Electric Vehicle Charging Station Market revenue, By Charger Type, 2022 - 2028 (USD Billion)
  • 44. India Electric Vehicle Charging Station Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 45. South Korea Electric Vehicle Charging Station Market revenue, By Vehicle Type, 2022 - 2028 (USD Billion)
  • 46. South Korea Electric Vehicle Charging Station Market revenue, By Charger Type, 2022 - 2028 (USD Billion)
  • 47. South Korea Electric Vehicle Charging Station Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 48. South-East Asia Electric Vehicle Charging Station Market revenue, By Vehicle Type, 2022 - 2028 (USD Billion)
  • 49. South-East Asia Electric Vehicle Charging Station Market revenue, By Charger Type, 2022 - 2028 (USD Billion)
  • 50. South-East Asia Electric Vehicle Charging Station Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 51. Rest of Asia Pacific Electric Vehicle Charging Station Market revenue, By Vehicle Type, 2022 - 2028 (USD Billion)
  • 52. Rest of Asia Pacific Electric Vehicle Charging Station Market revenue, By Charger Type, 2022 - 2028 (USD Billion)
  • 53. Rest of Asia Pacific Electric Vehicle Charging Station Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 54. Latin America Electric Vehicle Charging Station Market revenue, By Vehicle Type, 2022 - 2028 (USD Billion)
  • 55. Latin America Electric Vehicle Charging Station Market revenue, By Charger Type, 2022 - 2028 (USD Billion)
  • 56. Latin America Electric Vehicle Charging Station Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 57. Brazil Electric Vehicle Charging Station Market revenue, By Vehicle Type, 2022 - 2028 (USD Billion)
  • 58. Brazil Electric Vehicle Charging Station Market revenue, By Charger Type, 2022 - 2028 (USD Billion)
  • 59. Brazil Electric Vehicle Charging Station Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 60. Mexico Electric Vehicle Charging Station Market revenue, By Vehicle Type, 2022 - 2028 (USD Billion)
  • 61. Mexico Electric Vehicle Charging Station Market revenue, By Charger Type, 2022 - 2028 (USD Billion)
  • 62. Mexico Electric Vehicle Charging Station Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 63. Rest of Latin America Electric Vehicle Charging Station Market revenue, By Vehicle Type, 2022 - 2028 (USD Billion)
  • 64. Rest of Latin America Electric Vehicle Charging Station Market revenue, By Charger Type, 2022 - 2028 (USD Billion)
  • 65. Rest of Latin America Electric Vehicle Charging Station Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 66. The Middle-East and Africa Electric Vehicle Charging Station Market revenue, By Vehicle Type, 2022 - 2028 (USD Billion)
  • 67. The Middle-East and Africa Electric Vehicle Charging Station Market revenue, By Charger Type, 2022 - 2028 (USD Billion)
  • 68. The Middle-East and Africa Electric Vehicle Charging Station Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 69. GCC Countries Electric Vehicle Charging Station Market revenue, By Vehicle Type, 2022 - 2028 (USD Billion)
  • 70. GCC Countries Electric Vehicle Charging Station Market revenue, By Charger Type, 2022 - 2028 (USD Billion)
  • 71. GCC Countries Electric Vehicle Charging Station Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 72. South Africa Electric Vehicle Charging Station Market revenue, By Vehicle Type, 2022 - 2028 (USD Billion)
  • 73. South Africa Electric Vehicle Charging Station Market revenue, By Charger Type, 2022 - 2028 (USD Billion)
  • 74. South Africa Electric Vehicle Charging Station Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 75. Rest of Middle-East Africa Electric Vehicle Charging Station Market revenue, By Vehicle Type, 2022 - 2028 (USD Billion)
  • 76. Rest of Middle-East Africa Electric Vehicle Charging Station Market revenue, By Charger Type, 2022 - 2028 (USD Billion)
  • 77. Rest of Middle-East Africa Electric Vehicle Charging Station Market revenue, By Application, 2022 - 2028 (USD Billion)

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Electric vehicle charging station is a section of infrastructure that provides electricity to charge electric vehicle batteries. These stations are installed at places such as in-house garages, workspace, and public parking areas. Public charging stations are provided by many companies and are usually located on streets and shopping centers.

The electric vehicle charging station market is projected to grow due to increasing investments in the production of electric vehicles. Automotive manufacturers such as Tesla, Toyota, Volkswagen, Mercedes, and BMW have announced a cumulative investment of more than USD 150 billion to manufacture more than 13 million electric vehicles by 2025. These investments include setting up electric vehicle manufacturing plants at various locations, battery manufacturing, and procurement, manufacturing new electric vehicles according to updated technology, and many more. Thus increasing investments in manufacturing electric vehicles will fuel the growth of the electric vehicle charging station market during the forecast timeframe.

Global Electric Vehicle Charging Station Market

Rising demand for electric vehicles will boost the growth of the electric vehicle charging station market. It is expected that the number of electric vehicles sold will increase from 3.1 million units in 2017 to 125 million units by 2030. The global electric vehicle sale was valued at USD 72.62 billion in 2016 as compared to USD 57.71 billion in 2015. Increasing demand for electric vehicles will propel electric vehicle charging station market during the forecast period. However, lack of standardization for connectors is expected to hinder the growth of electric vehicle charging station market. Measures are being taken by the “European Union” to develop regulations for connectors which will positively influence the rise of electric vehicle charging station market in the near future.

Electric vehicle charging station market is divided into application, charging, standards, and region. Based on application, the global electric vehicle charging station market is bifurcated into residential and commercial. Residential charging is affordable and convenient as compared to commercial charging; the residential segment is projected to hold a significant share during the forecast period. Commercial segment is expected to grow at a substantial rate owing to the increasing use of vehicles in the government sector.

Europe will hold a notable share in the global electric vehicle charging station market during the projected timeframe. This share is attributed to the initiatives taken by the government of various countries to support electric vehicles adoption. Incentives in the form of tax benefits and exemptions are now applied in various European nations. France and the UK also provide premiums on electric vehicles for buyers. Europe is anticipated to fuel the growth of electric vehicle charging station market in the near future.

Noticeable players in the global electric vehicle charging station market are AeroVironment, ABB, ChargePoint, Inc., Siemens, Engie, Schneider Electric, Tesla, EVgo, Alfen, and Blink Charging.

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The growing popularity and use of electric cars have highlighted the need for charging infrastructure development. China, the United States, and Germany, for example, are spending heavily on EV charging infrastructure as well as research and development for quicker and more efficient charging techniques. Automakers are projected to make significant expenditures to meet the growing demand for electric vehicles and play a key role in the market's growth. Tesla, Nissan, Volkswagen, BMW, Ford, and GM all have large R&D expenditures dedicated to the development of electric vehicles.

According to the Zion Market Research report, the global electric vehicle charging station market was worth about 35.42 (USD billion) in 2021 and is predicted to grow to around 114.67 (USD billion) by 2028, with a compound annual growth rate (CAGR) of around 31.9 percent.

In terms of both value and volume, Asia-Pacific accounted for the maximum share of the electric vehicle charging station market in 2020, followed by Europe and North America. Europe, on the other hand, is predicted to increase at the quickest rate in terms of value throughout the projection period. Government measures to improve charging infrastructure across the region are credited with the region's rapid growth. Germany, France, Norway, the Netherlands, and the United Kingdom are five of the region's early adopters of electric vehicles and charging stations.

 

Some of the predominant players that are operating in the global electric vehicle charging station market include BYD, Tesla, ChargePoint, Shell, ABB, Leviton Manufacturing Co. Inc., Evbox (ENGIE), Siemens AG, Schneider Electric SE, and Qingdao Tgood Electric Co. Ltd, among others.

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