Electric Vehicle Charging Infrastructure Market - Global Outlook and Forecast 2021-2026

Electric Vehicle Charging Infrastructure Market - Global Outlook and Forecast 2021-2026

In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Electric Vehicle Charging Infrastructure Market Report

The global electric vehicle charging infrastructure market by revenue is expected to grow at a CAGR of over 30% during the period 2020–2026.

The global electric vehicle charging infrastructure market size to cross USD 14 billion in 2026, growing at a CAGR of 36% during the forecast period. With the increasing funding from government bodies for electric vehicle (EV) adoption, the demand for charging infrastructure is expected to grow. Many countries have recognized the need to go electric to reduce rising emissions, with the US and China leading the race. These countries have taken measures to expand and establish the charging network. They have encouraged people to opt for these vehicles by offering discounts, tax rebates, and preferential measures, among other things. China, the US, and a few European countries have subsidized the expense of installing an electric vehicle charging station in apartment complexes, semi-public zones, and private residences, which is influencing the market growth. The APAC market is projected to be driven by the large-scale development of EV charging networks in China, increasing demand for affordable electric vehicles for everyday use, and governments supporting electric vehicles during the forecast period. The expansion of advanced technology to boost electrification in China fuels the country's rapidly growing economy. China invested roughly USD 2.4 billion in improving the charging infrastructure until 2020. Governments of Japan and Korea have announced plans to dramatically increase the number of electric vehicle charging systems in their respective countries in the coming years. Moreover, growing innovations, include automated robot-based, wireless, and ultra-fast charging, are expected to boost the demand during the forecast period.

The following factors are likely to contribute to the growth of the electric vehicle charging infrastructure market during the forecast period:

  • Automated Robot-based Electric Vehicle Charging Infrastructure
  • Wireless Charging Systems for Electric Taxis
  • Evolving Business Models promoting EV Adoption
  • Favorable Government Policies and Initiatives
The study considers the global EV charging market’s present scenario and its market dynamics for the period 2020−2026. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.

Global electric Vehicle Charging Infrastructure Market Segmentation

Global Electric Vehicle Charging Infrastructure Market Segmentation

The global private electric vehicle charging station market size is likely to reach 3.8 million units by 2026. As public charging infrastructure provide free of cost services to increase the adoption of EVs, private systems and charging companies offer the latest technology and efficiency. Both private and public have opportunities to expand globally and provide different business models in the market. Consumers currently prefer public charging stations, and the demand for such systems is higher due to tax incentives and the free cost. However, many new entrants expect to arrive in the market, and the penetration rate of private charging points is expected to increase. Thus, the market is anticipated to be dominated by private players during the forecast period. Also, private players have increased their production along with the expansion of distribution across the globe.

Petrol pumps, supermarkets, shopping malls, and others are common commercial places where the deployment of charging infrastructure has increased in the last years. Convenience stores or small grocery brands are also active in deploying charging infrastructure globally, which influences the market's growth. Several major store chains offer public EV charging in their parking lots. The installation of an EV charging base at petrol pumps has been developing feasible networking convenient for drivers. Petrol pump stations are strategically located based on the driver’s preferences. APAC and European countries are heavily expanding their resources to install EV recharge stations at petrol pumps. The global electric vehicle charging infrastructure market by petrol pumps is likely to grow at a CAGR of approx. 31% from 2020 to 2026.

The wired electric vehicle charging infrastructure market share accounts for an 80% revenue share and is expected to reach over 5.5 million units by 2026. With the increased demand for DCFC systems, the wired segment expects to grow during the forecast period. Electric vehicles will continue to reduce the world's carbon footprint. In countries such as China, Norway, Iceland, and Sweden, hybrid battery vehicles and all-electric cars have grown significantly. The BEV and PHEV demand is projected to be fueled by technical advances, better facilities, and improving socio-economic conditions. The success of BEVs and PHEVs is expected to drive up demand for wired EV charging systems during the forecast period.

The global level 1 voltage charging infrastructure market is expected to grow at a CAGR of over 13% from 2020 to 2026. Level 1 charging is increasing in the residential sector market. As level 1 require the onboard charging infrastructure and not advanced technology, its preference is high commercially. The global level 2 voltage charging infrastructure segment is likely to grow at a CAGR of over 32%, expecting to reach over 5 million units by 2026. The level 2 systems are a low-cost, high-speed recharging option. They normally do not pull enough power to cause demand charges (unless a large number are connected to a single meter), which keeps the cost of purchasing or operating one notch down.

Application
  • Public
  • Private
Mode of Charging
  • Wired
  • Wireless
Voltage
  • Level 1
  • Level 2
  • Level 3–5
Operation Sites
  • Petrol Pumps
  • Offices
  • Supermarkets
  • Public Parks
  • Others
Insights by Geography

APAC is likely to lead the global electric vehicle charging infrastructure market share in revenue and volume. The APAC electric vehicle charging infrastructure market is expected to grow at a CAGR of over 31% during the forecast period. The increasing adoption of electric vehicles at commercial levels is aiding the growth of the market. China, Japan, South Korea, and India are the fastest-growing markets in the region. Significant developments have taken place owing to the high pollution rates in APAC countries. However, the knowledge gap has been a challenge for consumers and manufacturers to penetrate the market quickly. Electric charging systems are deployed at commercial facilities such as in parking garages, supermarkets, and office spaces in the APAC region. The growing demand for electric cars, government incentives and discounts for electric vehicles, and environmental issues are other major factors driving the infrastructure development in the region.

Geography
  • North America
  • US
  • Canada
  • Europe
  • UK
  • Germany
  • France
  • Netherlands
  • APAC
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Latin America
  • Mexico
  • Brazil
  • Middle East & Africa
  • UAE
  • Turkey
Insigths by Vendors

APAC, Europe, and North American economies are the three most promising markets for electric vehicles and associated infrastructure. These three regions account for a significant share of the market. Opportunities in the electric vehicle charging market are numerous because these are mainly untapped with no clear market leaders. All markets are expected to expand rapidly over the next decade, coinciding with the anticipated mass acceptance of electric vehicles (EVs). ABB, Star Charge, and DBT Technologies are among the most prominent vendors. Product launches are a popular approach used by industry leaders to broaden their product portfolios and expand their global presence. For instance, in March 2019, Tesla Inc. unveiled the V3 Supercharger, the company's third generation of Supercharger, charging a vehicle in less than 15 minutes.

Prominent Vendors
  • ABB
  • EVgo
  • ChargePoint
  • EVBox
  • Eaton
  • DBT
  • GS Yuasa International
  • PLUGLESS POWER
Other Prominent Vendors
  • bp Chargemaster
  • BTCPower
  • Bosch Automotive
  • CIRCONTROL
  • Efacec
  • Shenzhen EN-plus Technologies
  • Luoyang Grasen Power Technology
  • Phihong
  • SEW-EURODRIVE
  • Senku Machinery
  • SETEC Power
  • Star Charge
  • Tesla
  • Tritium
  • SIGNET EV
  • Pod Point
  • Leviton Manufacturing
  • United Charging Infrastructure
  • Alpiq E-Mobility
  • CIRCUTOR
  • Conductix-Wampfler
  • Endesa
  • GIFAS ELECTRIC
  • KEBA
  • Walther-Werke
KEY QUESTIONS ANSWERED:

1 How big is the electric vehicle charging market?

2 How many electric vehicles were sold in 2019?

3 Which vendors are leading the EV charging infrastructure market?

4 Which segment is likely to account for the largest electric vehicle charging infrastructure market share by 2026?

5 What are the key technologies driving Electric Vehicle Charging Infrastructure?

6 What are the key factors driving EV vehicle adoption?"


1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.1.3 Market Estimation Caveats
4.2 Base Year
4.3 Scope of The Study
4.3.1 Market Segmentation by Application
4.3.2 Market Segmentation by Mode of Charging
4.3.3 Market Segmentation by Voltage
4.3.4 Market Segmentation by Operation Sites
4.3.5 Market Segmentation by Geography
5 Report Assumptions & Caveats
5.1 Key Caveats
5.1 Currency Conversion
5.2 Market Derivation
6 Market at a Glance
7 Introduction
7.1 Overview
7.1.1 Key Insights in EV Market Boosting EV Charging Infrastructure
7.2 Business Models
7.2.1 Independent Charging Network
7.2.2 Auto Manufacturer Charging Networks
7.2.3 Utility Companies
7.2.4 Various Facilities – Shopping Malls, Hotels, Restaurants, Parking Lots & Fueling Stations
7.3 FAQs
7.3.1 What opportunities exist in the EVCS market?
7.3.2 What are the regional developments in the EVCS market?
7.3.3 Who is eyeing the electric vehicle fast charger market?
7.4 Impact Of COVID-19
7.4.1 Supply Chain Impact
8 Market Opportunities & Trends
8.1 Automated Robot-Based EV Charging Infrastructure
8.2 Wireless Charging Systems for Electric Taxis
8.3 Evolving Business Models to Promote EV Adoption
9 Market Growth Enablers
9.1 Government Policies & Initiatives
9.2 Demand for Ultra-Fast Charging Infrastructure
9.3 Decline in Electric Vehicle Prices
10 Market Restraints
10.1 Lack of Standardization In Charging Infrastructure
10.2 High Cost of Fast-Charging Infrastructure
10.3 At-Home Charging Infrastructure
11 Market Landscape
11.1 Market Overview
11.2 AC/DC: Market Overview
11.3 M&As & Partnerships
11.4 Recent Developments
11.5 End User: Market Dynamics
11.5.1 Electric Passenger Vehicles
11.5.2 Electric Commercial Vehicles
11.5.3 Electric Two/Three Wheelers
11.6 Market Size & Forecast By Value & Volume
11.7 Five Forces Analysis
11.7.1 Threat of New Entrants
11.7.2 Bargaining Power of Suppliers
11.7.3 Bargaining Power of Buyers
11.7.4 Threat of Substitutes
11.7.5 Competitive Rivalry
12 Voltage
12.1 Market Snapshot & Growth Engine
12.2 Market Overview
12.3 Level 1
12.3.1 Market Overview
12.3.2 Market Size & Forecast
12.3.3 Market By Geography
12.4 Level 2
12.4.1 Market Overview
12.4.2 Market Size & Forecast
12.4.3 Market by Geography
12.5 Level 3–5
12.5.1 Market Overview
12.5.2 Market Size & Forecast
12.5.3 Market By Geography
13 Mode Of Charging
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
13.3 Wired
13.3.1 Market Overview
13.3.2 Market Size & Forecast
13.3.3 Market by Geography
13.4 Wireless
13.4.1 Market Overview
13.4.2 Market Size & Forecast
13.4.3 Market by Geography
14 Application
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
14.3 Private Charging Stations
14.3.1 Market Overview
14.3.2 Market Size & Forecast
14.4 Public Charging Stations
14.4.1 Market Overview
14.4.2 Market Size & Forecast
15 Operation Sites
15.1 Market Snapshot & Growth Engine
15.2 Market Overview
15.3 Petrol Pumps
15.3.1 Market Overview
15.3.2 Market Size & Forecast
15.4 Offices
15.4.1 Market Overview
15.4.2 Market Size & Forecast
15.5 Supermarkets
15.5.1 Market Overview
15.5.2 Market Size & Forecast
15.6 Public Parks
15.6.1 Market Overview
15.6.2 Market Size & Forecast
15.7 Others
15.7.1 Market Size & Forecast
16 Geography
16.1 Market Snapshot & Growth Engine (Revenue)
16.2 Market Snapshot & Growth Engine (Volume)
16.3 Geographic Overview
17 APAC
17.1 Market Overview
17.2 Market Size & Forecast: Value
17.3 Market Size & Forecast: Volume
17.4 Voltage
17.4.1 Market Size & Forecast
17.5 Mode Of Charging
17.5.1 Market Size & Forecast
17.6 Key Countries
17.6.1 China: Market Size & Forecast
17.6.2 South Korea: Market Size & Forecast
17.6.3 Japan: Market Size & Forecast
17.6.4 Australia: Market Size & Forecast
17.6.5 India: Market Size & Forecast
18 Europe
18.1 Market Overview
18.2 Market Size & Forecast: Value
18.3 Market Size & Forecast: Volume
18.4 Voltage
18.4.1 Market Size & Forecast
18.5 Mode of Charging
18.5.1 Market Size & Forecast
18.6 Key Countries
18.6.1 Netherlands: Market Size & Forecast
18.6.2 France: Market Size & Forecast
18.6.3 Germany: Market Size & Forecast
18.6.4 UK: Market Size & Forecast
19 North America
19.1 Market Overview
19.2 Market Size & Forecast: Value
19.3 Market Size & Forecast: Volume
19.4 Voltage
19.4.1 Market Size & Forecast
19.5 Mode of Charging
19.5.1 Market Size & Forecast
19.6 Key Countries
19.6.1 United States: Market Size & Forecast
19.6.2 Canada: Market Size & Forecast
20 Middle East & Africa
20.1 Market Overview
20.2 Market Size & Forecast: Value
20.3 Market Size & Forecast: Volume
20.4 Voltage
20.4.1 Market Size & Forecast
20.5 Mode of Charging
20.5.1 Market Size & Forecast
20.6 Key Countries
20.6.1 Turkey: Market Size & Forecast
20.6.2 UAE: Market Size & Forecast
21 Latin America
21.1 Market Overview
21.2 Market Size & Forecast: Value
21.3 Market Size & Forecast: Volume
21.4 Voltage
21.4.1 Market Size & Forecast
21.5 Mode Of Charging
21.5.1 Market Size & Forecast
21.6 Key Countries
21.6.1 Brazil: Market Size & Forecast
21.6.2 Mexico: Market Size & Forecast
22 Competitive Landscape
22.1 Competition Overview
23 Key Company Profiles
23.1 ABB
23.1.1 Business Overview
23.1.2 Product Offerings
23.1.3 Key Strategies
23.1.4 Key Strengths
23.1.5 Key Opportunities
23.2 EVGO
23.2.1 Business Overview
23.2.2 Product Offerings
23.2.3 Key Strategies
23.2.4 Key Strengths
23.2.5 Key Opportunities
23.3 Chargepoint
23.3.1 Business Overview
23.3.2 Product Offerings
23.3.3 Key Strategies
23.3.4 Key Strengths
23.3.5 Key Opportunities
23.4 EVBox
23.4.1 Business Overview
23.4.2 Product Offerings
23.4.3 Key Strategies
23.4.4 Key Strengths
23.4.5 Key Opportunities
23.5 Eaton
23.5.1 Business Overview
23.5.2 Product Offerings
23.5.3 Key Strategies
23.5.4 Key Strengths
23.5.5 Key Opportunities
23.6 DBT
23.6.1 Business Overview
23.6.2 Product Offerings
23.6.3 Key Strategies
23.6.4 Key Strengths
23.6.5 Key Opportunities
23.7 GS YUASA International
23.7.1 Business Overview
23.7.2 Product Offerings
23.7.3 Key Strategies
23.7.4 Key Strengths
23.7.5 Key Opportunities
23.8 Plugless Power
23.8.1 Business Overview
23.8.2 Product Offerings
23.8.3 Key Strategies
23.8.4 Key Strengths
23.8.5 Key Opportunities
24 Other Prominent Vendors
24.1 BP Chargemaster
24.1.1 Business Overview
24.1.2 Product Offerings
24.2 BTCPower
24.2.1 Business Overview
24.2.2 Product Offerings
24.3 Bosch Automotive
24.3.1 Business Overview
24.3.2 Product Offerings
24.4 Circontrol
24.4.1 Business Overview
24.4.2 Product Offerings
24.5 Efacec
24.5.1 Business Overview
24.5.2 Product Offerings
24.6 Shenzhen En-Plus Technologies
24.6.1 Business Overview
24.6.2 Product Offerings
24.7 Luoyang Grasen Power Technology
24.7.1 Business Overview
24.7.2 Product Offerings
24.8 Phihong
24.8.1 Business Overview
24.8.2 Product Offerings
24.9 Sew-Eurodrive
24.9.1 Business Overview
24.9.2 Product Offerings
24.10 Senku Machinery
24.10.1 Business Overview
24.10.2 Product Offerings
24.11 Setec Power
24.11.1 Business Overview
24.11.2 Product Offerings
24.12 Star Charge
24.12.1 Business Overview
24.12.2 Product Offerings
24.13 Tesla
24.13.1 Business Overview
24.13.2 Product Offerings
24.14 Tritium
24.14.1 Business Overview
24.14.2 Product Offerings
24.15 Signet EV
24.15.1 Business Overview
24.15.2 Product Offerings
24.16 Pod Point
24.16.1 Business Overview
24.16.2 Product Offerings
24.17 Leviton Manufacturing
24.17.1 Business Overview
24.17.2 Product Offerings
24.18 United Charging Infrastructure
24.18.1 Business Overview
24.18.2 Product Offerings
24.19 Alpiq E-Mobility
24.19.1 Business Overview
24.19.2 Product Offerings
24.20 Circutor
24.20.1 Business Overview
24.20.2 Product Offerings
24.21 Conductix-Wampfler
24.21.1 Business Overview
24.21.2 Product Offerings
24.22 Endesa
24.22.1 Business Overview
24.22.2 Product Offerings
24.23 Gifas Electric
24.23.1 Business Overview
24.23.2 Product Offerings
24.24 KEBA
24.24.1 Business Overview
24.24.2 Product Offerings
24.25 Walther-Werke
24.25.1 Business Overview
24.25.2 Product Offerings
25 Report Summary
25.1 Key Takeaways
25.2 Strategic Recommendations
26 Quantitative Summary
26.1 Market By Geography (Volume)
26.2 Market By Geography (Value)
26.3 APAC
26.3.1 Voltage Level
26.3.2 Mode of Charging
26.4 North America
26.4.1 Voltage Level
26.4.2 Mode of Charging
26.5 Europe
26.5.1 Voltage Level
26.5.2 Mode of Charging
26.6 Latin America
26.6.1 Voltage Level
26.6.2 Mode Of Charging
26.7 Middle East & Africa
26.7.1 Voltage Level
26.7.2 Mode Of Charging
26.8 Operation Sites
26.8.1 Market Size & Forecast
26.9 Voltage Level
26.9.1 Market Size & Forecast
26.10 Mode Of Charging
26.10.1 Market Size & Forecast
26.11 Application
26.11.1 Market Size & Forecast
27 Appendix
27.1 Abbreviations

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