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India EV Charging Market

India EV Charging Market Share, Size, Growth, Analysis, Forecast: By Type: Station, Portable; By Location: Retail Spaces, Workplaces, Street Parking, Highways, Depot, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032

India EV Charging Market Outlook

The India EV charging market size reached a volume of approximately 1.28 million units in 2023. The market is further expected to grow at a CAGR of 22.20% between 2024 and 2032, reaching a volume of 7.80 million units by 2032.

 

Key Trends in the Market

Electric vehicle charging refers to the process of utilising EV charging equipment in order to deliver electricity to the battery of the electric vehicle. It is used for providing electricity to charge hybrid electric vehicles and electric vehicles and is available in varying charging capacities. Fixed stations can be set up for electric vehicle charging as well as portable charging options.

 

  • Increasing popularity of electric vehicles is one of the crucial trends boosting the India EV charging market growth. Due to their low running costs, electric vehicles are more economically viable in the long run, this advantage is propelling various users to switch to electric vehicles.
  • Technological advancements in electric vehicle charging are further fuelling the growth of the EV charging market in India. Provision of real-time information about vacant spots and convenient booking of slots for charging along with integration of Internet of Things with EV charging stations are aiding the market growth.
  • Another crucial trend propelling the growth of the market for electric vehicle charging in India is rising environmental concerns. As a result of high carbon emission and release of hazardous pollutants by fuel-based vehicles, individuals are switching to electric vehicles, thus increasing the requirement for EV charging in India.

 

india ev charging market

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Market Analysis

On the basis of type, the market is bifurcated into station and portable. Based on location, the market is divided into retail spaces, workplaces, street parking, highways, and depot, among others. By region, the market is segmented into North India, East India, West India, and South India.

 

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. The report gives a detailed analysis of the following key players in the India EV charging market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

 

  • Tata Power
  • Ather Energy
  • Delta Electronics India
  • Charzera Tech Pvt Ltd
  • Sharify Services Pvt Ltd
  • TechSo ChargeZone Ltd
  • Alektrify Private Limited
  • YoCharge
  • Jio-BP
  • Others

 

india ev charging market by segments

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Market Share by Location

By location, highways are expected to account for a sizable portion of the market share for EV charging in India. Increasing efforts by the government of India towards development of electric charging stations on highways is anticipated to propel the growth of India EV charging market. Setting up electric vehicle charging stations on highways is beneficial for those driving electric vehicles long distances where there is an increased risk of low battery. The easy visibility and accessibility of highway EV charging stations make them faster to locate, and the extensive space availability simplifies the charging process. Such developments are expected to increase the adoption of electric and hybrid electric cars across the country.

 

Market Share by Region

States in South India such as Karnataka have large numbers of electric vehicle charging stations and are expected to add significantly more charging stations over the forecast period. This in turn is expected to aid them in acquiring a greater portion of the India EV charging market by region. Rising popularity of electric vehicles and increasing environment consciousness among the South Indian population is boosting the growth of the market in the region. The marginal difference in the price range of electric vehicles and no fuel expenditure are additional factors fuelling the growth of the market for EV charging in South India. Meanwhile, states in North India such as Uttar Pradesh are witnessing significant increases in purchasing of electric vehicles, which is likely to increase the demand for EV charging in the region.

 

india ev charging market by region

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Competitive Landscape

Tata Power was established in 1915 and is headquartered in Mumbai, Maharashtra. They are one of the largest power generation companies in India and aim to provide uninterrupted power supply to all the regions of the country. Their responsible business practices and pioneering initiatives have minimal impact on the environment.

 

Ather Energy is an electric vehicle company that was founded in 2013 and is headquartered in Bengaluru, Karnataka. The company manufactures electric scooters and have an established electric vehicle charging infrastructure called Ather Grid across various parts of India. They are focused on the development of intelligent vehicles for revolutionising commute experiences.

 

Delta Electronics India is an electronics manufacturing company that was established in 1971 and is headquartered in Gurugram, Haryana. They are known for their computer and DC industrial fans as well as for switching power supplies. The company operates worldwide and has various research and development centres and manufacturing and sales facilities.

 

Other market players include Charzera Tech Pvt Ltd, Sharify Services Pvt Ltd, TechSo ChargeZone Ltd, Alektrify Private Limited, YoCharge, and Jio-BP, among others.

 

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:

  • Type
  • Location
  • Region
Breakup by Type
  • Station
  • Portable
Breakup by Location
  • Retail Spaces
  • Workplaces
  • Street Parking
  • Highways
  • Depot
  • Others
Breakup by Region
  • North India
  • East India
  • West India
  • South India
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Tata Power
  • Ather Energy
  • Delta Electronics India
  • Charzera Tech Pvt Ltd
  • Sharify Services Pvt Ltd
  • TechSo ChargeZone Ltd
  • Alektrify Private Limited
  • YoCharge
  • Jio-BP
  • Others

 

*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 Market 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    Market Snapshot
7    Opportunities and Challenges in the Market
8    India EV Charging Market Overview

    8.1    Key Industry Highlights
    8.2    India EV Charging Historical Market (2018-2023) 
    8.3    India EV Charging Market Forecast (2024-2032)
9    India EV Charging Market by Type
    9.1    Station
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Portable
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
10    India EV Charging Market by Location
    10.1    Retail Spaces
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Workplaces
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
    10.3    Street Parking
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
    10.4    Highways
        10.4.1    Historical Trend (2018-2023)
        10.4.2    Forecast Trend (2024-2032)
    10.5    Depot
        10.5.1    Historical Trend (2018-2023)
        10.5.2    Forecast Trend (2024-2032)
    10.6    Others
11    India EV Charging Market by Region
    11.1    North India
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    East India
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    West India
        11.3.1    Historical Trend (2018-2023)
        11.3.2    Forecast Trend (2024-2032)
    11.4    South India
        11.4.1    Historical Trend (2018-2023)
        11.4.2    Forecast Trend (2024-2032)
12    Market Dynamics
    12.1    SWOT Analysis
        12.1.1    Strengths
        12.1.2    Weaknesses
        12.1.3    Opportunities
        12.1.4    Threats
    12.2    Porter’s Five Forces Analysis
        12.2.1    Supplier’s Power
        12.2.2    Buyers Powers 
        12.2.3    Threat of New Entrants
        12.2.4    Degree of Rivalry
        12.2.5    Threat of Substitutes
    12.3    Key Indicators for Demand
    12.4    Key Indicators for Price
13    Value Chain Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Company Profiles
        14.2.1    Tata Power
            14.2.1.1    Company Overview
            14.2.1.2    Product Portfolio
            14.2.1.3    Manufacturing Capabilities 
            14.2.1.4    Demographic Reach and Achievements
            14.2.1.5    Certifications
        14.2.2    Ather Energy
            14.2.2.1    Company Overview
            14.2.2.2    Product Portfolio
            14.2.2.3    Manufacturing Capabilities
            14.2.2.4    Demographic Reach and Achievements
            14.2.2.5    Certifications
        14.2.3    Delta Electronics India
            14.2.3.1    Company Overview
            14.2.3.2    Product Portfolio
            14.2.3.3    Manufacturing Capabilities
            14.2.3.4    Demographic Reach and Achievements
            14.2.3.5    Certifications
        14.2.4    Charzera Tech Pvt Ltd
            14.2.4.1    Company Overview
            14.2.4.2    Product Portfolio
            14.2.4.3    Manufacturing Capabilities
            14.2.4.4    Demographic Reach and Achievements
            14.2.4.5    Certifications
        14.2.5    Sharify Services Pvt Ltd
            14.2.5.1    Company Overview
            14.2.5.2    Product Portfolio
            14.2.5.3    Manufacturing Capabilities
            14.2.5.4    Demographic Reach and Achievements
            14.2.5.5    Certifications
        14.2.6    TechSo ChargeZone Ltd
            14.2.6.1    Company Overview
            14.2.6.2    Product Portfolio
            14.2.6.3    Manufacturing Capabilities
            14.2.6.4    Demographic Reach and Achievements
            14.2.6.5    Certifications
        14.2.7    Alektrify Private Limited
            14.2.7.1    Company Overview
            14.2.7.2    Product Portfolio
            14.2.7.3    Manufacturing Capabilities
            14.2.7.4    Demographic Reach and Achievements
            14.2.7.5    Certifications
        14.2.8    YoCharge
            14.2.8.1    Company Overview
            14.2.8.2    Product Portfolio
            14.2.8.3    Manufacturing Capabilities
            14.2.8.4    Demographic Reach and Achievements
            14.2.8.5    Certifications
        14.2.9    Jio-BP
            14.2.9.1    Company Overview
            14.2.9.2    Product Portfolio
            14.2.9.3    Manufacturing Capabilities
            14.2.9.4    Demographic Reach and Achievements
            14.2.9.5    Certifications
        14.2.10    Others
15    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    India EV Charging Market: Key Industry Highlights, 2018 and 2032
2.    India EV Charging Historical Market: Breakup by Type (USD Million), 2018-2023
3.    India EV Charging Market Forecast: Breakup by Type (USD Million), 2024-2032
4.    India EV Charging Historical Market: Breakup by Location (USD Million), 2018-2023
5.    India EV Charging Market Forecast: Breakup by Location (USD Million), 2024-2032
6.    India EV Charging Historical Market: Breakup by Region (USD Million), 2018-2023
7.    India EV Charging Market Forecast: Breakup by Region (USD Million), 2024-2032
8.    India EV Charging Market Structure

Key Questions Answered in the Report

The market size reached a volume of approximately 1.28 million units in 2023.

The market is expected to grow at a CAGR of 22.20% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach 7.80 million units by 2032.

The major market drivers include the increasing sales of electric vehicles, introduction of favourable government policies, and improvement of charging infrastructure in commercial spaces.

The key trends fuelling the growth of the market include technological advancements in EV charging, popularity of portable EV charging, and reducing costs of electric vehicles.

EV cars or electric cars refer to cars that operate on electricity rather than traditional fuels.

The major regions in the market are North India, East India, West India, and South India.

The significant types of EV charging in the market include station and portable.

The various locations of EV charging in the market include retail spaces, workplaces, street parking, highways, and depot, among others.

The key players in the India EV charging market are Tata Power, Ather Energy, Delta Electronics India, Charzera Tech Pvt Ltd, Sharify Services Pvt Ltd, TechSo ChargeZone Ltd, Alektrify Private Limited, YoCharge, and Jio-BP, among others.

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