Reports
Global Electric Vehicle Charging Station Market: By Vehicle Type: Passenger Cars, Commercial Vehicles; By Charger Type: AC Charging Station, DC Charging Station; By Application; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments
Global Electric Vehicle Charging Station Market Outlook
The global electric vehicle charging station market stood at a value of more than USD 5 billion in 2021. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 42.5% to reach a value of over USD 41.9 billion by 2027.
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The AC Charging Station Segment Holds a Significant Share in the Global Electric Vehicle Charging Station Industry
AC charging station is a cheaper option as compared to DC and provides insulation safety by reducing the power to consumable levels. In addition to this, AC charging stations ensure that there is no wastage of electricity by facilitating smooth flow of electricity. Moreover, some significant advantages of AC charging stations include less maintenance, ability of AC to charge more number of vehicles, hence, more time saving. Therefore, this segment is anticipated to gain significant traction in the forecast period.
The Asia Pacific Accounts for a Significant Share in the Market
The electric vehicle charging station industry in the Asia Pacific is driven by the growing adoption of electric vehicles for commercial or personal use, increasing government support to encourage the use of electric vehicles amidst the growing pollution levels, and the growing penetration of the major EV manufacturers in emerging nations like China and India. Moreover, in 2020, the Indian government announced the plan to build around 69,000 EV charging stations to promote the use of electric vehicles in the coming years. Such developments are expected to provide a further impetus to the market.
Electric Vehicle Charging Station: Market Segmentation
Electric vehicle charging station, also known as electric vehicle supply equipment (EVSE), is defined as a source of electricity, which is used to charge up electric cars and plug-in hybrid vehicles. These stations include advanced electronic features such as smart meters, cellular capability, and network connectivity. The types of chargers which provide electricity can be bifurcated into AC and DC charging.
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Based on vehicle type, the market can be segmented into:
- Passenger Cars
- Commercial Cars
On the basis of charger type, the market has been bifurcated into:
- AC Charging Station
- DC Charging Station
The significant applications included in the market report are as follows:
- Public
- Private
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Growing Demand for Electrified Vehicles to Boost the Growth of the Electric Vehicle Charging Station Industry
The growing demand for electrified vehicles owing to the increasing disposable incomes, rapid urbanisation, growing technological advancements in the electrical and electronics industry, and the thriving transportation sector in emerging economies are driving the growth of the market. In addition to this, the increasing funding by the government to accelerate the development of EV charging stations is expected to augment the market in the forecast period. However, the high installation costs of the station are likely to be a restraining factor in the market. The market will further be aided by the rising popularity of fast chargers. Furthermore, the growing environmental consciousness is likely to boost the market growth in the forecast period.
Key Industry Players in the Global Electric Vehicle Charging Station Market
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:
- ChargePoint, Inc.
- ABB Ltd.
- Shell plc
- Siemens AG
- Schneider Electric SE
- Tesla, Inc.
- Eaton Corporation
- Webasto Group
- Cyber Switching Patents LLC
- TGOOD Global Ltd.
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 | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Vehicle Type, Charger Type, Application, Region |
| Breakup by Vehicle Type | Passenger Cars, Commercial Vehicles |
| Breakup by Charger Type | AC Charging Station, DC Charging Station |
| Breakup by Application | Public, Private |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | 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. |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Electric Vehicle Charging Station Market Analysis
8.1 Key Industry Highlights
8.2 Global Electric Vehicle Charging Station Historical Market (2018-2022)
8.3 Global Electric Vehicle Charging Station Market Forecast (2023-2028)
8.4 Global Electric Vehicle Charging Station Market by Vehicle Type
8.4.1 Passenger Cars
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Commercial Vehicles
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Electric Vehicle Charging Station Market by Charger Type
8.5.1 AC Charging Station
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 DC Charging Station
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.6 Global Electric Vehicle Charging Station Market by Application
8.6.1 Public
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Private
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.7 Global Electric Vehicle Charging Station Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America Electric Vehicle Charging Station Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Electric Vehicle Charging Station Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Electric Vehicle Charging Station Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Electric Vehicle Charging Station Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Electric Vehicle Charging Station Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 ChargePoint, Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 ABB Ltd.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Shell plc
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Siemens AG
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Schneider Electric SE
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Tesla, Inc.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Eaton Corporation
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Webasto Group
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Cyber Switching Patents LLC
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 TGOOD Global Ltd.
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Electric Vehicle Charging Station Market: Key Industry Highlights, 2018 and 2028
2. Global Electric Vehicle Charging Station Historical Market: Breakup by Vehicle Type (USD Billion), 2018-2022
3. Global Electric Vehicle Charging Station Market Forecast: Breakup by Vehicle Type (USD Billion), 2023-2028
4. Global Electric Vehicle Charging Station Historical Market: Breakup by Charger Type (USD Billion), 2018-2022
5. Global Electric Vehicle Charging Station Market Forecast: Breakup by Charger Type (USD Billion), 2023-2028
6. Global Electric Vehicle Charging Station Historical Market: Breakup by Application (USD Billion), 2018-2022
7. Global Electric Vehicle Charging Station Market Forecast: Breakup by Application (USD Billion), 2023-2028
8. Global Electric Vehicle Charging Station Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Electric Vehicle Charging Station Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Electric Vehicle Charging Station Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Electric Vehicle Charging Station Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Electric Vehicle Charging Station Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Electric Vehicle Charging Station Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Electric Vehicle Charging Station Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Electric Vehicle Charging Station Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Electric Vehicle Charging Station Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Electric Vehicle Charging Station Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Electric Vehicle Charging Station Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Electric Vehicle Charging Station Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Global Electric Vehicle Charging Station Market Structure
Key Questions Answered in the Report
In 2021, the global electric vehicle charging station market attained a value of more than USD 5 billion.
The market is estimated to grow at a CAGR of 42.5% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach a value of over USD 41.9 billion by 2027.
The major drivers of the market include the increasing demand for electric vehicles owing to the thriving transportation sector, favourable government policies, growing awareness about pollution, and rapid advancements in the electric vehicle infrastructure.
The growing R&D activities to enhance the battery life and battery costs of the EVs are expected to be a key trend guiding the growth of the industry.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Passenger cars and commercial cars are the major vehicle types included in the market report.
AC charging station and DC charging station are the different charger types based on which the market has been bifurcated.
Public and private are the different applications considered in the market report.
The major players in the industry 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.
Analyst Review
The global electric vehicle charging station market attained a value of more than USD 5 billion in 2021, driven by the growing government fundings towards the development of charging stations. Aided by the growing advancements in the EV technology, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 42.5%. The market is projected to reach over USD 41.9 billion by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on vehicle type, the market is divided into passenger cars and commercial cars. On the basis of charger type, the market is divided into AC charging station and DC charging station. The significant applications included in the market report include public and private. The major regional markets for electric vehicle charging station are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include 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.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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