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Global Electric Vehicle Charging Station Market Size, Share, Forecast: By Vehicle Type: Passenger Cars, Commercial Vehicles; By Charger Type: AC Charging Station, DC Charging Station; By Application: Public, Private; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Global Electric Vehicle Charging Station Market Outlook
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.
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 Hold a Significant Share in the Market for Electric Vehicle Charging Stations
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.
Global Electric Vehicle Charging Station Market Share by Region
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.
Electric Vehicle Charging Station Market Segmentation
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:
- Passenger Cars
- Commercial Vehicles
On the basis of charger type, the market is bifurcated into:
- AC Charging Station
- DC Charging Station
Based on application, the market is categorised into:
- Public
- Private
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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Electric Vehicle Charging Station Market Analysis
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.
Key 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.
Key Highlights of the Report
| 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 |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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*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 (2018-2023)
8.3 Global Electric Vehicle Charging Station Market Forecast (2024-2032)
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 (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Commercial Vehicles
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
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 (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 DC Charging Station
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
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 (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Private
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
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 (2018-2023)
8.7.1.3 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2023)
8.7.2.3 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2023)
8.7.3.3 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2023)
8.7.4.3 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2023)
8.7.5.3 Forecast Trend (2024-2032)
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 (2018-2023)
9.1.3 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2023)
9.2.3 Forecast Trend (2024-2032)
10 Europe Electric Vehicle Charging Station Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2023)
10.3.3 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2023)
10.4.3 Forecast Trend (2024-2032)
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 (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2023)
11.3.3 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2023)
11.4.3 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2023)
11.5.3 Forecast Trend (2024-2032)
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 (2018-2023)
12.1.3 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2023)
12.2.3 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2023)
12.3.3 Forecast Trend (2024-2032)
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 (2018-2023)
13.1.3 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2023)
13.2.3 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2023)
13.3.3 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2023)
13.4.3 Forecast Trend (2024-2032)
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 2032
2. Global Electric Vehicle Charging Station Historical Market: Breakup by Vehicle Type (USD Billion), 2018-2023
3. Global Electric Vehicle Charging Station Market Forecast: Breakup by Vehicle Type (USD Billion), 2024-2032
4. Global Electric Vehicle Charging Station Historical Market: Breakup by Charger Type (USD Billion), 2018-2023
5. Global Electric Vehicle Charging Station Market Forecast: Breakup by Charger Type (USD Billion), 2024-2032
6. Global Electric Vehicle Charging Station Historical Market: Breakup by Application (USD Billion), 2018-2023
7. Global Electric Vehicle Charging Station Market Forecast: Breakup by Application (USD Billion), 2024-2032
8. Global Electric Vehicle Charging Station Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Electric Vehicle Charging Station Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Electric Vehicle Charging Station Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Electric Vehicle Charging Station Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Electric Vehicle Charging Station Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Electric Vehicle Charging Station Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Electric Vehicle Charging Station Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Electric Vehicle Charging Station Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Electric Vehicle Charging Station Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Electric Vehicle Charging Station Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Electric Vehicle Charging Station Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Electric Vehicle Charging Station Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Electric Vehicle Charging Station Market Structure
Key Questions Answered in the Report
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.
Analyst Review
The global electric vehicle charging station market is being driven by the growing government fundings towards the development of charging stations. Aided by the increasing advancements in EV technology, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 30.20%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the market. Based on vehicle type, the market is divided into passenger cars and commercial vehicles. 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 include public and private. The major regional markets for electric vehicle charging stations 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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