Global Electric Vehicle Charging Station Market size is valued at USD 7.3 Billion in 2024 and is predicted to reach USD 16.8 Billion by the year 2034 at an 8.7% CAGR during the forecast period for 2025-2034.
The ever-increasing amounts of carbon emissions and other potentially harmful compounds that are caused by transportation are what pushed the government to mandate the use of electric vehicles. As a immediate consequence of this, there is a growing demand for an infrastructure capable of charging electric vehicles (E.V.'s) in both commercial and residential contexts. It is projected that increased cooperation amongst manufacturers to supply charging stations utilizing a subscription model would fuel the rise of the sector. Green energy is also anticipated to be a significant factor in public and private electric vehicle charging stations. Carbon emissions are the main issue for E.V. owners.
The sales of electric vehicles have expanded exponentially in recent years, along with their improved performance, wider model availability, and longer range. The IEA's Global EV Outlook 2024 states that sales of electric vehicles approached 14 million in 2023, with the United States, China, and Europe accounting for 95% of these sales.
Companies are quickly developing their electric vehicle charging networks' charging technologies to solve these worries. Although they offer a more affordable and practical method of charging electric vehicles than commercial charging stations, E.V. chargers for domestic areas have huge growth potential.
The electric vehicle charging infrastructure market is segregated based on the charger type, charging type, installation type, connector type, level of charging, connectivity, operation, deployment, application. Based on charger type, the market is segmented into slow charger and fast charger. based on charging type, the market is segmented into AC and DC. Based on installation type, electric vehicle charging infrastructure market is segmented into fixed, portable. By connector type market is segmented into CHAdeMO, CCS, others. By level of charging market is segmented into level 1, level 2, level 3. By connectivity market is segmented into non-connected charging stations, connected charging stations. By operation market is segmented into mode 1, mode 2, mode 3, mode 4. by deployment market is segmented into commercial and residential. Commercial is subsegmented into destination charging stations, highway charging stations, bus charging stations, fleet charging stations, other charging stations. Residential is subsegmented into private houses, apartments/societies.
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 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 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 IEA projects that China is leading the way in the worldwide electric vehicle market in its annual Global EV Outlook. 2023 year witnessed 8.1 million new electric car registrations in China, a 35% rise from year 2022. Robust sales of electric vehicles is the primary factor driving regional growth in the EV charging infrastructure market.
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.
|
Report Attribute |
Specifications |
|
Market size value in 2024 |
USD 7.3 Billion |
|
Revenue Forecast in 2034 |
USD 16.8 Billion |
|
Growth rate CAGR |
CAGR of 8.7% from 2025 to 2034 |
|
Quantitative units |
Representation of revenue in US$ Mn, Volume (Thousand Units) and CAGR from 2025 to 2034 |
|
Historic Year |
2021 to 2024 |
|
Forecast Year |
2025-2034 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
|
Segments Covered |
Level Of Charging, Charging Point Type, Application, Charging Infrastructure Type, Installation Type, D.C. Fast Charging, IoT Connectivity, Charging Service And Electric Bus Charging Type |
|
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; France; Italy; Spain; South Korea; Southeast Asia |
|
Competitive Landscape |
ABB Ltd., AeroViroment, Inc., Alfen N.V., Allego, Blink Charging Co., Chargemaster plc., ChargePoint, Inc., ClipperCreek, Denso Corporation, Efacec, Elix Wireless, Engie, Evatran Group, EVgo Services LLC., General Electric, HellaKGaAHueck& Co., Infineon Technologies AG and Others |
|
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. Porter's Five Forces Analysis
4.7. Incremental Opportunity Analysis (US$ MN), 2024-2031
4.8. Global Electric Vehicle Charging Infrastructure Market Penetration & Growth Prospect Mapping (US$ Mn), 2023-2031
4.9. Competitive Landscape & Market Share Analysis, By Key Player (2023)
4.10. Use/impact of AI on Radiopharma Industry Trends
Chapter 5. Electric Vehicle Charging Infrastructure Market Segmentation 1: By Charger Type, Estimates & Trend Analysis
5.1. Market Share by Charger Type, 2023 & 2034
5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 & 2034 for the following Charger Type:
5.2.1. Slow Charger
5.2.2. Fast Charger
Chapter 6. Electric Vehicle Charging Infrastructure Market Segmentation 2: By Charging Type, Estimates & Trend Analysis
6.1. Market Share by Charging Type, 2023 & 2034
6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 & 2034 for the following Charging Type:
6.2.1. AC
6.2.2. DC
Chapter 7. Electric Vehicle Charging Infrastructure Market Segmentation 3: By Installation Type, Estimates & Trend Analysis
7.1. Market Share by Installation Type 2023 & 2034
7.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 & 2034 for the following Installation Type:
7.2.1. Fixed
7.2.2. Portable
Chapter 8. Electric Vehicle Charging Infrastructure Market Segmentation 4: By Connector Type, Estimates & Trend Analysis
8.1. Market Share by Connector Type, 2023 & 2034
8.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 & 2034 for the following Connector Type:
8.2.1. CHAdeMO
8.2.2. CCS
8.2.3. Others
Chapter 9. Electric Vehicle Charging Infrastructure Market Segmentation 5: By Level of Charging, Estimates & Trend Analysis
9.1. Market Share by Level of Charging, 2023 & 2034
9.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 & 2034 for the following Level of Charging:
9.2.1. Level 1
9.2.2. Level 2
9.2.3. Level 3
Chapter 10. Electric Vehicle Charging Infrastructure Market Segmentation 6: By Connectivity, Estimates & Trend Analysis
10.1. Market Share by Connectivity, 2023 & 2034
10.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 & 2034 for the following Connectivity:
10.2.1. Non-connected Charging Stations
10.2.2. Connected Charging Stations
Chapter 11. Electric Vehicle Charging Infrastructure Market Segmentation 7: By Operation, Estimates & Trend Analysis
11.1. Market Share by Operation, 2023 & 2034
11.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 & 2034 for the following Operation:
11.2.1. Mode 1
11.2.2. Mode 2
11.2.3. Mode 3
11.2.4. Mode 4
Chapter 12. Electric Vehicle Charging Infrastructure Market Segmentation 8: By Deployment, Estimates & Trend Analysis
12.1. Market Share by Deployment, 2023 & 2034
12.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 & 2034 for the following Deployment:
12.2.1. Private
12.2.2. Semi-Public
12.2.3. Public
Chapter 13. Electric Vehicle Charging Infrastructure Market Segmentation 8: By Application, Estimates & Trend Analysis
13.1. Market Share by Application, 2023 & 2034
13.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 & 2034 for the following Application:
13.2.1. Commercial
13.2.1.1. Destination Charging Stations
13.2.1.2. Highway Charging Stations
13.2.1.3. Bus Charging Stations
13.2.1.4. Fleet Charging Stations
13.2.1.5. Other Charging Stations
13.2.2. Residential
13.2.2.1. Private Houses
13.2.2.2. Apartments/Societies
Chapter 14. Electric Vehicle Charging Infrastructure Market Segmentation 9: Regional Estimates & Trend Analysis
14.1. Global Electric Vehicle Charging Infrastructure Market, Regional Snapshot 2023 & 2034
14.2. North America
14.2.1. North America Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) Estimates and Forecasts by Country, 2021-2034
14.2.1.1. US
14.2.1.2. Canada
14.2.2. North America Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) Estimates and Forecasts by Charger Type, 2021-2034
14.2.3. North America Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) Estimates and Forecasts by Charging Type, 2021-2034
14.2.4. North America Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) Estimates and Forecasts by Installation Type 2021-2034
14.2.5. North America Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) Estimates and Forecasts by Connector Type, 2021-2034
14.2.6. North America Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) Estimates and Forecasts by Level of Charging, 2021-2034
14.2.7. North America Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) Estimates and Forecasts by Connectivity, 2021-2034
14.2.8. North America Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) Estimates and Forecasts by Operation, 2021-2034
14.2.9. North America Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) Estimates and Forecasts by Deployment, 2021-2034
14.2.10. North America Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) Estimates and Forecasts by Application, 2021-2034
14.3. Europe
14.3.1. Europe Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) Estimates and Forecasts by Country, 2021-2034
14.3.1.1. Denmark
14.3.1.2. Finland
14.3.1.3. Austria
14.3.1.4. France
14.3.1.5. Germany
14.3.1.6. Israel
14.3.1.7. Italy
14.3.1.8. Netherlands
14.3.1.9. Norway
14.3.1.10. Poland
14.3.2. Europe Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) Estimates and Forecasts by Charger Type, 2021-2034
14.3.3. Europe Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) Estimates and Forecasts by Charging Type, 2021-2034
14.3.4. Europe Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) Estimates and Forecasts by Installation Type 2021-2034
14.3.5. Europe Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) Estimates and Forecasts by Connector Type, 2021-2034
14.3.6. Europe Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) Estimates and Forecasts by Level of Charging, 2021-2034
14.3.7. Europe Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) Estimates and Forecasts by Connectivity, 2021-2034
14.3.8. Europe Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) Estimates and Forecasts Operation, 2021-2034
14.3.9. Europe Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) Estimates and Forecasts by Deployment, 2021-2034
14.3.10. Europe Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) Estimates and Forecasts by Application, 2021-2034
14.4. Asia Pacific
14.4.1. Asia Pacific Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) Estimates and Forecasts by Country, 2021-2034
14.4.1.1. Australia
14.4.1.2. China
14.4.1.3. India
14.4.1.4. Indonesia
14.4.1.5. Japan
14.4.1.6. Malaysia
14.4.1.7. Philippines
14.4.1.8. Singapore
14.4.1.9. South Korea
14.4.1.10. Taiwan
14.4.1.11. Thailand
14.4.1.12. Rest of APAC
14.4.2. Asia Pacific Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) Estimates and Forecasts by Charger Type, 2021-2034
14.4.3. Asia Pacific Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) Estimates and Forecasts by Charging Type, 2021-2034
14.4.4. Asia Pacific Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) Estimates and Forecasts By Installation Type 2021-2034
14.4.5. Asia Pacific Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) Estimates and Forecasts by Connector Type, 2021-2034
14.4.6. Asia Pacific Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) Estimates and Forecasts by Level of Charging, 2021-2034
14.4.7. Asia Pacific Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) Estimates and Forecasts by Connectivity, 2021-2034
14.4.8. Asia Pacific Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) Estimates and Forecasts by Operation, 2021-2034
14.4.9. Asia Pacific Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) Estimates and Forecasts by Deployment, 2021-2034
14.4.10. Asia Pacific Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) Estimates and Forecasts by Application, 2021-2034
14.5. Latin America
14.5.1. Latin America Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) Estimates and Forecasts by Country, 2021-2034
14.5.1.1. Argentina
14.5.1.2. Brazil
14.5.1.3. Mexico
14.5.1.4. Rest of LATAM
14.5.2. Latin America Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) Estimates and Forecasts by Charger Type, 2021-2034
14.5.3. Latin America Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) Estimates and Forecasts by Charging Type, 2021-2034
14.5.4. Latin America Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) Estimates and Forecasts by Installation Type 2021-2034
14.5.5. Latin America Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) Estimates and Forecasts by Connector Type, 2021-2034
14.5.6. Latin America Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) Estimates and Forecasts by Level of Charging, 2021-2034
14.5.7. Latin America Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) Estimates and Forecasts by Connectivity, 2021-2034
14.5.8. Latin America Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) Estimates and Forecasts by Operation, 2021-2034
14.5.9. Latin America Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) Estimates and Forecasts by Deployment, 2021-2034
14.5.10. Latin America Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) Estimates and Forecasts by Application, 2021-2034
14.6. Middle East & Africa
14.6.1. Middle East & Africa Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
14.6.1.1. Egypt
14.6.1.2. Israel
14.6.1.3. Nigeria
14.6.1.4. Saudi Arabia
14.6.1.5. Qatar
14.6.1.6. United Arab Emirates
14.6.1.7. Rest of MEA
14.6.2. Middle East & Africa Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) Estimates and Forecasts by Charger Type, 2021-2034
14.6.3. Middle East & Africa Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) Estimates and Forecasts by Charging Type, 2021-2034
14.6.4. Middle East & Africa Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) Estimates and Forecasts by Installation Type 2021-2034
14.6.5. Middle East & Africa Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) Estimates and Forecasts by Connector Type, 2021-2034
14.6.6. Middle East & Africa Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) Estimates and Forecasts by Level of Charging, 2021-2034
14.6.7. Middle East & Africa Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) Estimates and Forecasts by Connectivity, 2021-2034
14.6.8. Middle East & Africa Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) Estimates and Forecasts by Operation, 2021-2034
14.6.9. Middle East & Africa Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) Estimates and Forecasts by Deployment, 2021-2034
14.6.10. Middle East & Africa Electric Vehicle Charging Infrastructure Market Revenue (US$ Million) Estimates and Forecasts by Application, 2021-2034
Chapter 15. Competitive Landscape
15.1. Major Mergers and Acquisitions/Strategic Alliances
15.2. Company Profiles
15.2.1. Novartis AG
15.2.1.1. Business Overview
15.2.1.2. Key Product/Service
15.2.1.3. Financial Performance
15.2.1.4. Modeance
15.2.1.5. Geographical Presence
15.2.1.6. Recent Developments with Business Strategy
15.2.2. Actinium Pharmaceuticals, Inc.
15.2.3. Bayer AG
15.2.4. BWX Technologies, Inc.
15.2.5. Cardinal Health, Inc.
15.2.6. Curium Pharma
15.2.7. Eckert & Ziegler Radiopharma GmbH
15.2.8. Framatome
15.2.9. Fusion Pharmaceuticals Inc. by AstraZeneca
15.2.10. IBA Radiopharma Solutions
15.2.11. Isotopia Ltd.
15.2.12. ITM Isotope Technologies Munich SE
15.2.13. Lantheus Holdings, Inc.
15.2.14. NorthStar Medical Radioisotopes, LLC
15.2.15. NTP Radioisotopes SOC Ltd.
15.2.16. Nuclear Research and Consultancy Group
15.2.17. PerkinElmer, Inc.
15.2.18. RadioMedix, Inc.
15.2.19. RayzeBio, Inc. by Bristol Myers Squibb
15.2.20. SHINE Technologies, LLC
15.2.21. Telix Pharmaceuticals Limited.
Electric Vehicle Charging Infrastructure Market By Charger Type
Electric Vehicle Charging Infrastructure Market By Charging Type
Electric Vehicle Charging Infrastructure Market By Installation Type
Electric Vehicle Charging Infrastructure Market By Connector Type
Electric Vehicle Charging Infrastructure Market By Level of Charging
Electric Vehicle Charging Infrastructure Market By Connectivity
Electric Vehicle Charging Infrastructure Market By Operation
Electric Vehicle Charging Infrastructure Market By Deployment
Electric Vehicle Charging Infrastructure Market By Application
Electric Vehicle Charging Station Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & 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:
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:
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.
