Electric Vehicle Charging Station Market 2023 | Present Scenario and Growth
The Global Electric Vehicle Charging Station Market was anticipated at USD 35.50 Billion in 2021 and is estimated to rise at a 31.5% CAGR and estimated to be worth USD 417.35 Billion by the end of 2030.
The electric vehicle charging station or electric vehicle supply equipment (EVSE) is a device to transmit electricity from the electric grid and distributes electricity to charge electric vehicles, like battery electric vehicles, plug-in hybrid electric vehicles, and hybrid electric vehicles.
As per data issued by the US Department of Energy, 15 million electric vehicles are anticipated to be on the road in the US by 2030, which requires about 27,000 DCFC and 600,000 level 2 public charging outlets.
The growing levels of carbon emissions and other adverse gases stemming from transportation have sparked the necessity of adopting electric vehicles. Escalating investment in battery systems and high interest in environment-friendly technology are driving the interest of automakers in electric vehicles. Furthermore, governments of the countries are devising policies to increase the relinquishment rate of the EV.
Regional Analysis
The Global Electric Vehicle Charging Station Market is segmented into five regions; North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
Electric vehicle charging stations are pacifying the global market, owing to the efficient initiatives taken by the governments of countries similar to China, Japan, India, and Singapore. The countries included in Asia- Pacific substantially concentrate on investing money and time in developing charging infrastructure and expanding the collaborations between vehicle OEMs and technology providers in the aftermarket.
North America is comprehended for hastily adopting new technologies, initially owing to the rapidly boosting GDP and high employment rate. In North America, since 2014, the sale of electric cars has doubled, which implies that the demand for electric vehicles has rolled out rapidly. This demand for electric vehicles will increase the installation of electric charging stations across the US, Canada, and Mexico.
Market Segmentation
The Global Electric Vehicle Charging Station Market is segmented by following;
By Level of Charging
Level 1
Level 2
Level 3
By Charging Station Type
AC Charging
DC Charging
Wireless Charging
By Power Output
<11KW
11KW-50KW
>50KW
By Supplier Type
OE Charging Station
Private Charging Station
By Vehicle Type
Passenger Cars
Battery Electric Vehicle (BEV)
Plug-in Hybrid Vehicle(PHEV)
Heavy Commercial Vehicles
Light Commercial Vehicles
Two-wheelers & Scooters
By Installation Type
Fixed
Portable
Residential
Commercial
By Connector Type
Normal Charging
Type 2
CCS
CHAdeMO
Tesla SC
GB/T
By Application
Private
Public
By Mounting Type
Wall Mount
Pedestal Mount
Ceiling Mount
By Charging Service
EV Charging Service
Battery Swapping Service
By End User
Commercial EV Charging Stations
Commercial Public EV Charging Stations
On-Road Charging
Parking Spaces
Destination Chargers
Commercial Private EV Charging Stations
Fleet Charging
Captive Charging
Residential EV Charging Stations
Key Players
The Global Electric Vehicle Charging Station Market key players are Schneider Electric (France), ABB (Switzerland), Eaton (Ireland), Siemens (Germany), Webasto Group (Germany), Tesla (US), EV go Services LLC (US), ChargePoint Inc. (US)
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