Global Electric Vehicles Charging Station Market Assessment, By Type [Plug in Charging, Wireless Charging (Static, Dynamic)], By Application [Public, Private], By End-user [Residential, Commercial], By Charging Mode [Alternating Current (Level 1, Level 2)

Global Electric Vehicles Charging Station Market Assessment, By Type [Plug in Charging, Wireless Charging (Static, Dynamic)], By Application [Public, Private], By End-user [Residential, Commercial], By Charging Mode [Alternating Current (Level 1, Level 2), Direct-Current], By Region, Opportunities, and Forecast, 2016-2030F.

Electric Vehicles (EV) Charging Station Market is heavily dependent on the adoption of electric vehicles and since the adoption is rampant as well as increasing therefore there seems to be a bright future for the electric vehicle station market. The global electric vehicle charging station market reached USD 10.73 billion in 2022 and is expected to grow with a registered CAGR of 35.16% to reach USD 119.5 billion USD by 2030.

The increasing conscience amongst the population regarding environmental friendliness integrated with the growth in population as well as increasing urbanization are likely to act as market drivers for the electric vehicles charging station market. Several government initiatives which are leading to the promotion of electric mobility to reduce carbon emission are also going to be a major factor driving the growth of the market during the period under study. Apart from the rising understanding towards environment protection and stringent reduced emission control policies, favorable government initiatives include tax rebates, subsidies and financial incentives that will propel the growth of Electric vehicle charging market, globally.

The overall electric vehicle market has witnessed tremendous growth in the past few years and is expected to continue for years to come. The count of electric vehicles worldwide is roaring and pushing the demand for a larger number of electric vehicles charging stations in commercial and residential spaces. Frequent technological advancements and transformations to charge vehicles faster along with the incorporation of advertising display screens is also contributing to the growth of the EV charging market.

Fast chargers have gained massive popularity in the past few years and there were more than 49 thousand public fast chargers alone in Europe in 2021. China leads the market and is a global leader for publicly available chargers. It accounts for 85% of the global fast chargers. Another interesting trend is the growing use of smart charging (cloud-connected charging devices) which offers more convenience and reduced electricity consumption.

Wireless Charging to Exhibit Significant Growth Opportunities

Technological advancements have become a key to sustain in any market now a days. Similarly, the advanced parking systems in commercial spaces as well as high end residential complexes are leading to the growth of wireless EV charging stations. It frees the drivers from manually plugging the vehicles using a charging cable. One can easily park the vehicle in the parking space which is integrated with a charging system and the vehicle gets charged automatically. Dynamic wireless charging is an even more advanced concept where the vehicle can be charged while it is in motion. Such innovations in technologies are leading to a strong growth in the EV charging stations market.

Asia-Pacific turns to be most Prominent Market

Asia Pacific is one of the regions that has been very open to adopting the new electric vehicles technology. Growing environment concerns coupled with robust increase in the fuel prices have augmented the demand for EV in the Asia-Pacific market. The environmentally conscious population of APAC countries including India and China are going green with the adoption of electric or hybrid vehicles.

In the year 2022, over 5.92 million new passenger electric cars were registered in China, which is 83% more than 2021. China was also able to add 936,000 charging outlets in 2021, including 340,000 public and 597,000 home charging units surpassing the entire public charging network in the United States. According to the National Development and Reform Commission, China aims to meet charging demand for more than 20 million electric vehicles by the end of 2025.

India’s government on the other hand has taken several measures for adoption of electric vehicles. In line with this, these incentives and subsidy offerings have increased the consumer acceptability of battery-powered scooters and motorbikes. Tax deductions, purchase reimbursements, and financial incentives are some supportive initiatives for EV buyers. The government is offering subsidies through the FAME II (Faster Adoption and Manufacture of EV’s) scheme and separate state EV policies to encourage the adoption of electric vehicles more quickly.

Impact of COVID-19

The COVID-19 outbreak caused supply chain disruptions, production halts and manufacturing activity interruptions, all of which had a detrimental effect on the Electric Vehicle Charging Stations market in 2020. In addition, the automotive industry was completely shut down which in turn led to a complete eradication of the demand for electric vehicle charging stations during the pandemic. Now, when the regions are overcoming the effects of COVID-19, the automotive industry is back with more newer technologies and EV vehicles, this market is set to open wider opportunities as the government of several countries, worldwide, are taking adequate measures to improve the city infrastructure by promoting larger number of electric vehicles charging points.

Impact of Russia-Ukraine War

The Russia-Ukraine war led to a high volatility in the price of crude oil leading to a rising need and making it clear that the world needs to be shifting to greener alternatives of energy and therefore this promoted the use of electric vehicles. Therefore, the demand for electric vehicles charging stations became more prominent due to the war.

Key Players Landscape and Outlook:

The key players are heavily investing in research and development and several technologies such as Vehicle2grid are being researched upon. Advancements are being made in the EV sector and this will automatically lead to advancements within the charging subsegment of electrically operated vehicles. The industry is growing through both organic and inorganic business strategies including alliances, mergers & acquisitions, joint ventures, etc. The global electric vehicles charging station market is led by companies such as Tata Power, Schneider Electric etc. Companies are focusing on increasing the number of EV charging points in their respective countries and globally to provide an improved EV charging infrastructure.

For example, in an APAC country, India, Tata Power signed an MoU with NAREDCO to install 5000 EV charging stations in Maharashtra alone.

In April 2023, Siemens opened its new EV charger factory in Texas, for making the EV chargers for the United States market. The company also entered into an agreement with Electromin in 2022 to provide EV chargers for their planned expansion of EV services and infrastructure in Saudi Arabia.

Market Xcel’s reports answer the following questions:

What is the current and future market size of the product/service in question globally or specific to different countries?

How are the markets divided into different product/service segments and the market size and growth of each segment?

What is the market potential of different product segments and their invest case?

How are the markets predicted to develop in the future and what factors will drive or inhibit growth?

What is the business environment and regulatory landscape specific to the product/service?

1. Research Methodology
2. Project Scope & Definitions
3. Impact of COVID-19 on the Global Electric Vehicle Charging Station Market
4. Impact of Russia-Ukraine War on the Global Electric Vehicle Charging Station Market
5. Executive Summary
6. Voice of Customer
6.1. Brand Awareness and Loyalty
6.2. Product/Market Knowledge
6.3. Factors Considered in Purchase Decision
6.4. Planned v/s Intended Purchaser
6.5. Frequency of Purchase
6.6. Channel of Purchase
7. Global Electric Vehicle Charging Station Market Outlook, 2016-2030F
7.1. Market Size & Forecast
7.1.1. By Value
7.1.2. By Volume
7.2. By Type
7.2.1 Plug-in Charging
7.2.2 Wireless Charging Static Dynamic
7.3. By Application
7.3.1. Public
7.3.2. Private
7.4. By End-user
7.4.1. Residential
7.4.2. Commercial Malls & Hotels Offices and Workplaces Fleet Organization Others
7.5. By Charging Mode
7.5.1. Alternating Current (AC) Level 1 Level 2
7.5.2. Direct-Current (DC)
7.6. By Region
7.6.1. North America
7.6.2. Europe
7.6.3. South America
7.6.4. Asia-Pacific
7.6.5. Middle East and Africa
7.7. By Company Market Share (%), 2022
8. Global Electric Vehicle Charging Station Market Outlook, By Region, 2016-2030F
8.1. North America*
8.1.1. By Type Plug-in Charging Wireless Charging Static Dynamic
8.1.2. By Application Public Private
8.1.3. By End-user Residential Commercial Malls & Hotels Offices and Workplaces Fleet Organization Others
8.1.4. By Charging Mode Alternating Current (AC) Level 1 Level 2 Direct-Current (DC)
8.1.5. United States* By Type Plug-in Charging Wireless Charging Static Dynamic By Application Public Private By End-user Residential Commercial Malls & Hotels Offices and Workplaces Fleet Organization Others By Charging Mode Alternating Current (AC) Level 1 Level 2 Direct-Current (DC)
8.1.6. Canada
8.1.7. Mexico
*All segments will be provided for all regions and countries covered
8.2. Europe
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. United Kingdom
8.2.5. Russia
8.2.6. Netherlands
8.2.7. Spain
8.2.8. Turkey
8.2.9. Poland
8.3. South America
8.3.1. Brazil
8.3.2. Argentina
8.4. Asia-Pacific
8.4.1. India
8.4.2. China
8.4.3. Japan
8.4.4. Australia
8.4.5. Vietnam
8.4.6. South Korea
8.4.7. Indonesia
8.4.8. Philippines
8.5. Middle East & Africa
8.5.1. Saudi Arabia
8.5.2. UAE
8.5.3. South Africa
9. Market Mapping, 2022
9.1. By Type
9.2. By Application
9.3. By End-User
9.4. By Charging Mode
9.5. By Region
10. Macro Environment and Industry Structure
10.1. Supply Demand Analysis
10.2. Import Export Analysis
10.3. Value Chain Analysis
10.4. PESTEL Analysis
10.4.1. Political Factors
10.4.2. Economic System
10.4.3. Social Implications
10.4.4. Technological Advancements
10.4.5. Environmental Impacts
10.4.6. Legal Compliances and Regulatory Policies (Statutory Bodies Included)
10.5. Porter’s Five Forces Analysis
10.5.1. Supplier Power
10.5.2. Buyer Power
10.5.3. Substitution Threat
10.5.4. Threat from New Entrant
10.5.5. Competitive Rivalry
11. Market Dynamics
11.1. Growth Drivers
11.2. Growth Inhibitors (Challenges and Restraints)
12. Key Players Landscape
12.1. Competition Matrix of Top Five Market Leaders
12.2. Market Revenue Analysis of Top Five Market Leaders (in %, 2022)
12.3. Mergers and Acquisitions/Joint Ventures (If Applicable)
12.4. SWOT Analysis (For Five Market Players)
12.5. Patent Analysis (If Applicable)
13. Pricing Analysis
14. Case Studies
15. Key Players Outlook
15.1. ChargePoint Inc
15.1.1. Company Details
15.1.2. Key Management Personnel
15.1.3. Products & Services
15.1.4. Financials (As reported)
15.1.5. Key Market Focus & Geographical Presence
15.1.6. Recent Developments
15.2. Tata Power Company Limited
15.3. Schneider Electric SE
15.4. Tesla Inc.
15.5. Chargemaster Limited (BP Pulse)
15.6. Shell International BV
15.7. Siemens AG
15.8. EVBox B.V.
15.9. Eaton Corporation
15.10. Webasto Group
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work
16. Strategic Recommendations
17. About Us & Disclaimer

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