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Base Year
Historical Year
Forecast Year
The global electric vehicle charging station market size is assessed to grow in the forecast period of 2024-2032 at a CAGR of 30.20%. The market growth is being driven by increasing demand for electric vehicles and rising investments towards EV charging station infrastructure.
Global Electric Vehicle Charging Station Market Report Summary | Description | Value |
Base Year | USD Billion | 2023 |
Historical Period | USD Billion | 2018-2023 |
Forecast Period | USD Billion | 2024-2032 |
Market Size 2023 | USD Billion | XX |
Market Size 2032 | USD Billion | XX |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 30.2% |
CAGR 2024-2032 - Market by Region | Asia Pacific | 34.8% |
CAGR 2024-2032 - Market by Country | India | 38.9% |
CAGR 2024-2032 - Market by Country | China | 33.3% |
CAGR 2024-2032 - Market by Vehicle Type | Passenger Cars | 42.3% |
CAGR 2024-2032 - Market by Application | Public | 36.2% |
Market Share by Country 2023 | Germany | 4.6% |
The increasing transition from traditional fuel-based vehicles to electric vehicles, owing to the rising petrol and diesel prices, enhanced performance, and eco-friendly features, among others, are driving the electric vehicle charging station market growth. With a rising number of electric vehicles in use and production, investments towards developing electric vehicle charging stations are escalating across emerging economies. Emergence of online modes of payment, supported by increasing penetration of smartphones, is further enhancing the comfort of using and operating electric vehicle charging stations. Over the forecast period, the anticipated increase in the number of electrified buses on roads catering to the public transportation needs, is likely to bolster the development of electric vehicle charging stations.
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AC charging stations are a lower costing option as compared to DC charging stations and provide insulation safety by maintain power transmission at consumable levels. In addition, AC charging stations ensure that there is no wastage of electricity by facilitating smooth flow of electricity. Some significant advantages of AC charging stations include less maintenance, ability to charge more number of vehicles, hence, more time saving. Therefore, the electric vehicle AC charging station market is anticipated to gain significant traction in the forecast period.
The Asia Pacific accounts for a sizable share of the global market for electric vehicle charging stations, driven by the growing adoption of electric vehicles for commercial or personal use and increasing support of various governments to encourage the use of electric vehicles amidst growing pollution levels. The growing penetration of major EV manufacturers in emerging nations like China and India is further supporting the Asia Pacific electric vehicle charging station market. Moreover, increasing sales of passenger and commercial automobiles are also contributing to the market growth in the Asia Pacific.
CAGR 2024-2032 - Market by | Country |
India | 38.9% |
China | 33.3% |
UK | 27.6% |
USA | 26.9% |
Germany | 24.9% |
Canada | XX% |
France | XX% |
Italy | XX% |
Japan | 20.8% |
Australia | XX% |
Saudi Arabia | XX% |
Brazil | XX% |
Mexico | XX% |
Electric vehicle charging stations, also known as electric vehicle supply equipment (EVSE), refers to a specific station or place where sources of electricity are provided to charge electric cars and plug-in hybrid vehicles. These stations include advanced electronic features such as smart meters, cellular capability, and network connectivity.
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Based on vehicle type, the market is segmented into:
On the basis of charger type, the market is bifurcated into:
Based on application, the market is categorised into:
The regional markets for electric vehicle charging stations include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Growing demand for electrified vehicles owing to increasing disposable incomes, rapid urbanisation, growing technological advancements in the electrical and electronics industry, and the thriving transportation sector in emerging economies are contributing to the expansion of the market for electric vehicle charging stations. Increasing funding by various governments to accelerate the development of EV charging stations is expected to augment the market for electric vehicle charging stations in the forecast period. The market is further expected to be aided by the rising popularity of fast chargers. Furthermore, growing environmental consciousness is likely to boost the market growth in the forecast period.
The report gives a detailed analysis of the following key players in the global electric vehicle charging station market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Vehicle Type |
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Breakup by Charger Type |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The electric vehicle charging station market forecast indicates a promising growth rate at a CAGR of 30.20% between 2024 and 2032.
The major drivers of the market include the increasing demand for electric vehicles owing to the thriving transportation sector, favourable policies of various governments, rising investments towards EV charging station infrastructure.
The key electric vehicle charging station market trends include growing research and development activities to enhance the battery life of EVs, growing awareness about pollution, and improvements in road infrastructure.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant vehicle types in the market for electric vehicle charging stations are passenger cars and commercial vehicles.
the different charger types of electric vehicle charging stations in the market are AC charging station and DC charging station.
The primary applications of electric vehicle charging stations are public and private.
The major players in the market, according to the report, are ChargePoint, Inc., ABB Ltd., Shell plc, Siemens AG, Schneider Electric SE, Tesla, Inc., Eaton Corporation, Webasto Group, Cyber Switching Patents LLC, and TGOOD Global Ltd. among others.
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Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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