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Electric Vehicle Charging Infrastructure Market

Electric Vehicle Charging Infrastructure Market Size, Share & Trends Analysis Report By Charger Type (Slow Charger And Fast Charger), Connector (Chademo, Combined Charging System (CCS)) And Application (Commercial And Residential), By Region, And Segment Forecasts, 2023-2031

Report ID : 1636 | Published : 2023-03-22 | Pages: 180 | Format: PDF/EXCEL

The Global Electric Vehicle Charging Infrastructure Market Size is valued at 28.70 billion in 2022 and is predicted to reach 257.49 billion by the year 2031 at a 27.78% CAGR during the forecast period for 2023-2031.

The Internal Combustion Engine (ICE), which needs fuel and gases to produce power, is not used in Electric Vehicles (EVs), which run on electric motors. The facility utilised to supply the electric energy source to recharge electric vehicles is known as the electric vehicle charging infrastructure. Some vehicles can be set up overnight at a residence or place of employment.

Electric Vehicle Charging Infrastructure Market

However, it is always impractical and ineffective for the long run. The need for electric cars has arisen as a result of the increase in carbon emissions and other hazardous compounds produced by transportation. As a result, both commercial and residential environments require an infrastructure for electric vehicle (EV) charging.

Additionally, it is projected that growing industry alliances among automakers to provide subscription-based charging stations would promote business growth. Over the course of the projected period, rising demand for green energy is anticipated to further fuel EV charging infrastructure market development. Green energy is anticipated to significantly support the fast growing trend in both public and private electric charging stations. Government efforts to upgrade EV charging infrastructure are likely to increase, which will significantly boost EV charging infrastructure industry expansion.

Additionally, during the projected period, the demand for commercial infrastructure and household charging stations for plug-in electric vehicles is expected to increase. But during the course of the forecast period, a number of issues, including the high setup costs of fast chargers and the lack of standardised plug types, are anticipated to restrain the EV charging infrastructure market revenue growth.  

Recent Developments:

  • In December 2022, by the end of 2023, 1,000 rapid charging zones will be established throughout India thanks to a partnership between Exponent Energy and Park+, a top automobile owner app.
  • In December 2021, to enable the charging stations, the US government enacted a law worth $1 trillion for infrastructure while also setting aside $5 billion to expand the country's charging infrastructure. 

Competitive Landscape:

Some of the electric vehicle charging infrastructure market players are:

  • ABB Ltd.
  • AeroVironment, Inc.
  • BP Chargemaster
  • ChargePoint, Inc.
  • ClipperCreek, Inc.
  • Eaton Corp.
  • Electrify America LLC.
  • EV Connect
  • EVGO Services LLC.
  • General Electric Company
  • Greenlots
  • Leviton Manufacturing Co., Inc.
  • Opconnect, Inc
  • Schneider Electric
  • SemaConnect, Inc.
  • Siemens AG
  • Tesla, Inc.
  • Webasto SE 

Market Segmentation:

The electric vehicle charging infrastructure market is segregated based on the charger type, connector and application. Based on charger type, the market is segmented into slow charger and fast charger. Based on connector, the market is segmented into CHAdeMO, combined charging system (CCS) and others. Based on application, electric vehicle charging infrastructure market is segmented into commercial and residential.

Based On Charger Type, The Fast Charger Segment Is Accounted As A Major Contributor To The Electric Vehicle Charging Infrastructure Market

The fast charger category grabbed the highest revenue share, and it is anticipated that they will continue to hold that position during the anticipated time. Due to the fast charger's capacity to charge vehicles over the anticipated period, the fast charger market will experience exponential growth. Additionally, its capability to safeguard automobile batteries while charging would help the market expand. Besides, in 2020, the slow/moderate charger market will have low growth and limited penetration. In 2020, the sector of slow/moderate chargers held a market share of 16.24%. Due to the lengthy amount of time needed to charge EVs, the category will increase slowly during the anticipated period.

The Commercial Segment Witnessed Growth At A Rapid Rate

The commercial category is anticipated to grow at a significant rate over the forecast period. Public electric vehicle charging infrastructure is in greater demand as a result of the historic move to electric automobiles. The development of a charging infrastructure has not yet kept pace with the surge in sales of electric vehicles. The demand for public charging stations would only grow as the price of electric vehicles fluctuated and dropped, entering new markets, notably for inhabitants of multi-unit buildings. The ideal candidates for hosting electric vehicle charging stations would also be stores.

The Asia Pacific Electric Vehicle Charging Infrastructure Market Holds A Significant Revenue Share In The Region

The Asia Pacific electric vehicle charging infrastructure market is expected to report the highest market share in revenue in the near future. The Asia Pacific market is projected to be fueled by China's rapid expansion of EV charging infrastructure, rising consumer demand for reasonably priced EVs for daily usage, and government-led EV promotion.

The nation's rapid economic growth will support the spread of cutting-edge technologies to enhance electrification in China during the predicted period. In addition, Europe is projected to grow at a rapid rate in the global electric vehicle charging infrastructure market due to the location of important market participants. Market expansion in this region is probably going to be fueled by consumer adoption of EVs, driverless vehicles, and shared mobility. The market in this region is anticipated to be driven by factors including the tightening government regulations on car emissions, the quick adoption of new technologies, and the significant investment in product innovation.

Electric Vehicle Charging Infrastructure Market Report Scope:

Report Attribute

Specifications

Market size value in 2022

USD 28.70 Bn

Revenue forecast in 2031

USD 257.49 Bn

Growth rate CAGR

CAGR of 27.78% from 2023 to 2031

Quantitative units

Representation of revenue in US$ Million, Volume (Units), and CAGR from 2023 to 2031

Historic Year

2019 to 2022

Forecast Year

2023-2031

Report coverage

The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends

Segments covered

Charger Type, Connector And Application

Regional scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia

Competitive Landscape

AeroVironment, Inc.; ABB; BP Chargemaster; ChargePoint, Inc.; ClipperCreek, Inc.; Eaton Corp.; General Electric Company; Leviton Manufacturing Co., Inc.; SemaConnect, Inc.; Schneider Electric; Siemens AG; Tesla, Inc and Webasto SE.

Customization scope

Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape.

Pricing and available payment methods

Explore pricing alternatives that are customized to your particular study requirements.

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Electric Vehicle Charging Infrastructure Market Snapshot
Chapter 4. Global Electric Vehicle Charging Infrastructure Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by Charger Type Estimates & Trend Analysis
5.1. by Charger Type & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn) & Volume (Units)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Charger Type:

5.2.1. Slow Charger
5.2.2. Fast Charger

Chapter 6. Market Segmentation 2: by Connector Estimates & Trend Analysis
6.1. by Connector & Market Share, 2019 & 2031
6.2. Market Size (Value (US$ Mn) & Volume (Units)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Connector:

6.2.1. CHAdeMO
6.2.2. Combined Charging System (CCS)
6.2.3. Others

Chapter 7. Market Segmentation 3: by Application Estimates & Trend Analysis
7.1. by Application & Market Share, 2019 & 2031
7.2. Market Size (Value (US$ Mn) & Volume (Units)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Application:

7.2.1. Commercial
7.2.2. Residential

Chapter 8. Electric Vehicle Charging Infrastructure Market Segmentation 4: Regional Estimates & Trend Analysis

8.1. North America

8.1.1. North America Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by Charger Type, 2023-2031
8.1.2. North America Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by Connector, 2023-2031
8.1.3. North America Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by Application, 2023-2031
8.1.4. North America Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by country, 2023-2031

8.2. Europe

8.2.1. Europe Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by Charger Type, 2023-2031
8.2.2. Europe Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by Connector, 2023-2031
8.2.3. Europe Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by Application, 2023-2031
8.2.4. Europe Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by country, 2023-2031

8.3. Asia Pacific

8.3.1. Asia Pacific Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by Charger Type, 2023-2031
8.3.2. Asia Pacific Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by Connector, 2023-2031
8.3.3. Asia-Pacific Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by Application, 2023-2031
8.3.4. Asia Pacific Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by country, 2023-2031

8.4. Latin America

8.4.1. Latin America Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by Charger Type, 2023-2031
8.4.2. Latin America Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by Connector, 2023-2031
8.4.3. Latin America Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by Application, 2023-2031
8.4.4. Latin America Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by country, 2023-2031

8.5. Middle East & Africa

8.5.1. Middle East & Africa Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by Charger Type, 2023-2031
8.5.2. Middle East & Africa Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by Connector, 2023-2031
8.5.3. Middle East & Africa Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by Application, 2023-2031
8.5.4. Middle East & Africa Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by country, 2023-2031

Chapter 9. Competitive Landscape

9.1. Major Mergers and Acquisitions/Strategic Alliances

9.2. Company Profiles


9.2.1. ABB Ltd.
9.2.2. AeroVironment, Inc.
9.2.3. BP Chargemaster
9.2.4. ChargePoint, Inc.
9.2.5. ClipperCreek, Inc.
9.2.6. Eaton Corp.
9.2.7. Electrify America LLC.
9.2.8. EV Connect
9.2.9. EVGO Services LLC.
9.2.10. General Electric Company
9.2.11. Greenlots
9.2.12. Leviton Manufacturing Co., Inc.
9.2.13. Opconnect, Inc
9.2.14. Schneider Electric
9.2.15. SemaConnect, Inc.
9.2.16. Siemens AG
9.2.17. Tesla, Inc.
9.2.18. Webasto SE
9.2.19. Other Prominent Players

Segmentation of Electric Vehicle Charging Infrastructure Market-

Electric Vehicle Charging Infrastructure Market By Charger Type

  • Slow Charger
  • Fast Charger

Electric Vehicle Charging Infrastructure Market

Electric Vehicle Charging Infrastructure Market By Connector

  • CHAdeMO
  • Combined Charging System (CCS)
  • Others

Electric Vehicle Charging Infrastructure Market By Application

  • Commercial
  • Residential

Electric Vehicle Charging Infrastructure Market By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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Frequently Asked Questions

How big is the Electric Vehicle Charging Infrastructure Market?

Electric Vehicle Charging Infrastructure Market expected to grow at a 27.78% CAGR during the forecast period for 2023-2031

AeroVironment, Inc.; ABB; BP Chargemaster; ChargePoint, Inc.; ClipperCreek, Inc.; Eaton Corp.; General Electric Company; Leviton Manufacturing Co

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