by The global electric vehicle charging infrastructure market size is forecasted to reach from US$ 19.51 billion in 2021 to US$ 115.47 billion by 2027 and is anticipated to grow at compounded annual growth rate (CAGR) of 34.49% from 2021 to 2027, as per reports by the market research and consulting organization Precedence Research.
The report contains 150+ pages with detailed analysis. The base year for the study has been considered 2021, the historic year 2017 to 2020, the forecast period considered is from 2021 to 2027.
The electric vehicle charging infrastructure market is analyzed on the basis of value (US$ Million), volume (Unit), and price (US$/Unit). The report offers exclusive insights to help companies make informed decisions to sustain growth through the assessment period.
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The transition of automotive industry from fuel based vehicles to electric mobility solutions promises widespread opportunities and is expected to help decarbonizing the transport sector. To achieve the maximum decarburization, accessible and robust availability of electric vehicle charging stations is very essential factor. Many of the government bodies across various countrieshave instituted various policies in order to promote innovation and development in the charging infrastructure. With growing demand for electric vehicles across the world need to customize charging infrastructure according to regional transport system is also growing.
A proper, full-fledged and contextual approach is needed to efficient and timely implementation of electric vehicle charging infrastructure stations, such as meeting requirements of local transport system optimally integrating it with the electricity supply and transport networks. Electric vehicles can be charged in various ways, depending upon the location and requirement of the vehicle and electricity supply hence charging stations for e-vehicles are of different types and specially designed for customized applications. Specifications and standards of e-vehicle charging stations differ country wise, based on available models and characteristics of the electricity grid.
Scope of the EV Charging Infrastructure Market
| Report Coverage | Details |
| Market Size in 2021 | US$ 19.51 billion |
| Growth Rate from 2021 to 2027 | CAGR of 34.49% |
| Largest Market | Asia Pacific |
| Segments Covered | Charget Type, Connector Type, Application Type, Region |
Competitive Intelligence
The report provides an understanding of the market composition and explains the role of established players and regional contributors. It is essential for the market players to make calculative moves and focus on client acquisition and retention. The detailed company profiles will provide the necessary intelligence to the reader. In order to maintain their share, the market players are focusing on strategies such as cross-border expansion, product differentiation and so on.
Some of the prominent players in the global electric vehicle charging infrastructure market are listed as below:
- ABB
- BP Chargemaster
- ChargePoint, Inc.
- ClipperCreek, Inc.
- Eaton Corp.
- General Electric Company
- Leviton Manufacturing Co., Inc.
- SemaConnect, Inc.
- Schneider Electric
- Siemens AG
- Tesla, Inc.
- Webasto SE
Market Dynamics:
Driver
Growing demand for fast-charging infrastructure is driving the market
Fast charging infrastructure is mainly focused at recharge e-vehicles’ batteries in minimum time period. With latest innovation in the charging infrastructures, the average time for rapid charging is around 20 minutes in which it charges up to 80% capacity. By using such rapid charging infrastructures, travelling distance of e-vehicles can be extended. With more number of such stations being implemented on public places in many countries, number of e-vehicles is also increasing. With rising number of e-vehicles on road, need for more advanced charging station is increasing and this factor is proving one of the major factors that is boosting the market growth of the electric vehicles charging infrastructure market.
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Restraints
High cost of e-vehicles to restrict market growth during forecast time.
E-vehicles are considered beneficial when it comes to sustainable alterative for fuel vehicles, but while doing so its cost is much higher than the regular vehicles. The extra cost of electric vehicles is mainly attributed to the cost of battery charging, infrastructures to charge the battery, and other features that are incorporated to adhere with engine norms. The raw materials used in the batteries of e-vehicles are costlier than those batteries in fuel based vehicles, and process involved in production of these batteries is very expensive. With such costs making the e-vehicles costlier, customers of lower income group cannot afford these vehicles and hence these cars are only seen in urban areas mainly. This factor may act as a prime restraint for the growth of market in coming years.
Opportunity
Expansion of charging infrastructure in developing regions
As the e-vehicle industry and its revenue is mainly generated by urban cities, there lies an opportunity for the manufacturers to decreasing the price of e-vehicles and make it available in the price range that is affordable by middle and lower income group families. With increase in the number of e-vehicles, need for charging infrastructure will also increase which will offer lucrative growth opportunities for the market to grow. Innovative battery raw materials for batteries which will also offer high energy density could reduce the cost greatly and this can be a promising opportunities for established as well as new market players to strengthen their presence and expand in new markets. With e-vehicles market expanding in tier 2 and tier 2 cities in developing countries, opportunity lies in providing maximum number of charging infrastructures in such developing region for market players and new entrants to capture the market share and strengthen market position
Challenges
Disparity in rules and regulations regarding the charging infrastructure
With electric cars now widely available in various countries, need for specific type of charging infrastructures for various countries is also rising. The electric vehicles that are available in themarket today havea variety of charging technologies, which makes it complicated to install aunified charging network. Moreover the infrastructure and design module that can be used in Europe cannot be necessarily implemented in Asia, so market players need to change the design and dimensions according to the local needs. This process can increase the cost of overall infrastructure and costlier products are often neglected in developing countries. Such challenges may restrict market growth for some extent during the forecast period.
Report Highlights
- On the basis of charger type, during the forecast time period fast charger segment is expected to register prominent and highest CAGR. The fast charger segment accounted largest revenue share 93.2% in 2020. Rapid growth of DCFC segment is mainly because of the growing initiatives from government bodies and investments in fast-charging stations.
- By connector type, combined charging system segment accounted largest revenue share of around 37.2% in 2020. CCS charging sockets use shared communications pins to combine AC and DC inlets.
- In 2020 by vehicle type, the largest market share is captured by personal vehicles while commercial vehicles segment is expected to grow with rapid CAGR. This is mainly attributed to the shift of consumer behavior from fuel based vehicles towards battery powered electric vehicles. For personal use many customers are buying electric vehicles as they are cost efficient and are eco-friendly. Owing to increase in the government interest and investment in e-vehicle industry many local bodies are buying commercial vehicles as a mean of intercity transport and hence this segment demands more charging station in upcoming years.
Regional Snapshots
U.S., Europe, and China are among the leading regions in electric vehicle charging infrastructure market. China and Europe are expected to grow beyond the U.S. in plug based charging stations deployment by2025. This is attributed to the influence of macroeconomic factors and policies including average gas prices, policy incentives charging station production, growth in GDP, and consumption.
In Asia rapidly growing consumer base and increasing interest from government bodies to support e-vehicle industry contributed the growth of electric vehicle charging infrastructure market in Asia. Previously South Korea and Japan led the production of e-vehicles in Asia; however, China is now fastest-growing market. Factors such as high population, low oil production coupled with government involvement in the industry promises positive growth opportunities in the region. In North America and mainly in U.S., wide potential consumer base, increasing investments in R&D, shift in domestic automotive industry, and government support promises lucrative growth opportunities for electric vehicle charging infrastructure market. The U.S. government is supporting the e-vehicle industry by investing funds into domestic production and R&D facilities in order to create long term vision of strengthening the e-vehicle industry and reducing environmental impacts of fuel based vehicles. These investments and favorable environmental policies are expected to market growth in North America.
EV Charging Infrastructure Market Share By Connector, 2020 (%)
| Connector Segment | 2020 (%) | |
| CHAdeMO | 29 | % |
| Combined Charging System (CCS) | 37.2 | % |
| Others | 33.8 | % |
Segments Covered in the Report
By Charger Type
- Slow Charger
- Fast Charger
By Connector Type
- CHAdeMO
- Combined Charging System (CCS)
- Others
By Application
- Commercial
- Residential
Regional Segmentation
– North America (U.S. and Canada)
– Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
– Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
– Latin America (Brazil and Rest of Latin America)
– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)
Why should you invest in this report?
If you are aiming to enter the global electric vehicle charging infrastructure market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for electric vehicle charging infrastructure are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
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TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Electric Vehicle Charging Infrastructure Market, By Charger
7.1. Electric Vehicle Charging Infrastructure Market, by Charger Type, 2021-2027
7.1.1. Slow Charger
7.1.1.1. Market Revenue and Forecast (2017-2027)
7.1.2. Fast Charger
7.1.2.1. Market Revenue and Forecast (2017-2027)
Chapter 8. Global Electric Vehicle Charging Infrastructure Market, By Application
8.1. Electric Vehicle Charging Infrastructure Market, by Application, 2021-2027
8.1.1. Commercial
8.1.1.1. Market Revenue and Forecast (2017-2027)
8.1.2. Residential
8.1.2.1. Market Revenue and Forecast (2017-2027)
Chapter 9. Global Electric Vehicle Charging Infrastructure Market, By Connector
9.1. Electric Vehicle Charging Infrastructure Market, by Connector, 2021-2027
9.1.1. CHAdeMO
9.1.1.1. Market Revenue and Forecast (2017-2027)
9.1.2. Combined Charging System (CCS)
9.1.2.1. Market Revenue and Forecast (2017-2027)
9.1.3. Others
9.1.3.1. Market Revenue and Forecast (2017-2027)
Chapter 10. Global Electric Vehicle Charging Infrastructure Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Charger (2017-2027)
10.1.2. Market Revenue and Forecast, by Application (2017-2027)
10.1.3. Market Revenue and Forecast, by Connector (2017-2027)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Charger (2017-2027)
10.1.4.2. Market Revenue and Forecast, by Application (2017-2027)
10.1.4.3. Market Revenue and Forecast, by Connector (2017-2027)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Charger (2017-2027)
10.1.5.2. Market Revenue and Forecast, by Application (2017-2027)
10.1.5.3. Market Revenue and Forecast, by Connector (2017-2027)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Charger (2017-2027)
10.2.2. Market Revenue and Forecast, by Application (2017-2027)
10.2.3. Market Revenue and Forecast, by Connector (2017-2027)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Charger (2017-2027)
10.2.4.2. Market Revenue and Forecast, by Application (2017-2027)
10.2.4.3. Market Revenue and Forecast, by Connector (2017-2027)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Charger (2017-2027)
10.2.5.2. Market Revenue and Forecast, by Application (2017-2027)
10.2.5.3. Market Revenue and Forecast, by Connector (2017-2027)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Charger (2017-2027)
10.2.6.2. Market Revenue and Forecast, by Application (2017-2027)
10.2.6.3. Market Revenue and Forecast, by Connector (2017-2027)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Charger (2017-2027)
10.2.7.2. Market Revenue and Forecast, by Application (2017-2027)
10.2.7.3. Market Revenue and Forecast, by Connector (2017-2027)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Charger (2017-2027)
10.3.2. Market Revenue and Forecast, by Application (2017-2027)
10.3.3. Market Revenue and Forecast, by Connector (2017-2027)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Charger (2017-2027)
10.3.4.2. Market Revenue and Forecast, by Application (2017-2027)
10.3.4.3. Market Revenue and Forecast, by Connector (2017-2027)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Charger (2017-2027)
10.3.5.2. Market Revenue and Forecast, by Application (2017-2027)
10.3.5.3. Market Revenue and Forecast, by Connector (2017-2027)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Charger (2017-2027)
10.3.6.2. Market Revenue and Forecast, by Application (2017-2027)
10.3.6.3. Market Revenue and Forecast, by Connector (2017-2027)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Charger (2017-2027)
10.3.7.2. Market Revenue and Forecast, by Application (2017-2027)
10.3.7.3. Market Revenue and Forecast, by Connector (2017-2027)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Charger (2017-2027)
10.4.2. Market Revenue and Forecast, by Application (2017-2027)
10.4.3. Market Revenue and Forecast, by Connector (2017-2027)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Charger (2017-2027)
10.4.4.2. Market Revenue and Forecast, by Application (2017-2027)
10.4.4.3. Market Revenue and Forecast, by Connector (2017-2027)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Charger (2017-2027)
10.4.5.2. Market Revenue and Forecast, by Application (2017-2027)
10.4.5.3. Market Revenue and Forecast, by Connector (2017-2027)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Charger (2017-2027)
10.4.6.2. Market Revenue and Forecast, by Application (2017-2027)
10.4.6.3. Market Revenue and Forecast, by Connector (2017-2027)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Charger (2017-2027)
10.4.7.2. Market Revenue and Forecast, by Application (2017-2027)
10.4.7.3. Market Revenue and Forecast, by Connector (2017-2027)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Charger (2017-2027)
10.5.2. Market Revenue and Forecast, by Application (2017-2027)
10.5.3. Market Revenue and Forecast, by Connector (2017-2027)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Charger (2017-2027)
10.5.4.2. Market Revenue and Forecast, by Application (2017-2027)
10.5.4.3. Market Revenue and Forecast, by Connector (2017-2027)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Charger (2017-2027)
10.5.5.2. Market Revenue and Forecast, by Application (2017-2027)
10.5.5.3. Market Revenue and Forecast, by Connector (2017-2027)
Chapter 11. Company Profiles
11.1. AeroVironment, Inc.
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. ABB
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. BP Chargemaster
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. ChargePoint, Inc.
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. ClipperCreek, Inc.
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Eaton Corp.
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. General Electric Company
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Leviton Manufacturing Co., Inc.
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. SemaConnect, Inc.
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Schneider Electric
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
11.11. Siemens AG
11.11.1. Company Overview
11.11.2. Product Offerings
11.11.3. Financial Performance
11.11.4. Recent Initiatives
11.12. Tesla, Inc.
11.12.1. Company Overview
11.12.2. Product Offerings
11.12.3. Financial Performance
11.12.4. Recent Initiatives
11.13. Webasto SE
11.13.1. Company Overview
11.13.2. Product Offerings
11.13.3. Financial Performance
11.13.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
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