Electric Vehicle Charging Infrastructure Market size was valued at USD 21.45 Billion in 2023 and the total Electric Vehicle Charging Infrastructure Market revenue is expected to grow at a CAGR of 29.75% from 2024 to 2030, reaching nearly USD 132.82 Billion.
Electric Vehicle Charging Infrastructure Market Overview:
The complete market analysis researches into the continually shifting competitive environment, presenting valuable information in market share data and precise profiles of potential global players. By carefully examining the Electric Vehicle Charging Infrastructure Market, the research also discovers the key points to driving regional differences in the growth of the Electric Vehicle Charging Infrastructure sector.
Electric Vehicle Charging Infrastructure Market Dynamics:
The number of electric vehicle charging stations is increasing - The rapidly growing electric car charging infrastructure market is driving advancements in electric vehicle technology and infrastructure. Electric vehicles offer a lot of benefits, including reduced fuel use and pollution from vehicle engines, which is driving rising global demand for them. As a result, demand for electric vehicle charging infrastructure is expected to increase, propelling the industry forward. Charging stations are being built quickly as part of government incentive programmes, and electric vehicle manufacturers are working together to create charging stations in parking lots. To increase electric vehicle sales, electric car makers are focusing on the creation of charging stations that look like petrol pumps.
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Electric Vehicle Charging Infrastructure Market Scope:
Following the Electric Vehicle Charging Infrastructure market estimation phase, we embarked on a comprehensive primary research endeavour to gather, analyze, and validate crucial data. This encompassed evaluating market size, forecasting, identifying key drivers, and cross-referencing data during statistical analysis. Employing both top-down and bottom-up methodologies, alongside other validation techniques, meticulously scrutinized market segments and sub-segments outlined in this study. All collated data underwent rigorous qualitative and quantitative analysis to ensure the accurate robust insights in the report.
Electric Vehicle Charging Infrastructure Market Regional Insights:
The thorough regional analysis carried out by Electric Vehicle Charging Infrastructure market research precisely identifies market drivers and illuminates changes in regional regulations, impacting current and future market trends. By carefully examining established and emerging trends, the research aims to evaluate the untapped potential within the market and identify profitable trends to improve market positioning. This assessment, covering the current landscape and anticipated developments, forms the basis for understanding the dynamics of geographical markets.
Electric Vehicle Charging Infrastructure Market Segmentation:
by Charger Type
Slow Charger
Fast Charger
by Connector Type
CHAdeMO
Combined Charging System (CCS)
Others
The market is split by connector type, which includes CHAdeMO, Combined Charging System (CCS), and others. In 2023, the CHAdeMO connection category had a significant market share of more than 30%. This is due to its compatibility with a wide range of EVs (including BMW, GM, and VW, among others), as well as its simplicity of use. It also provides additional design flexibility in EVs because it only requires one charging port, whereas CHAdeMO connectors require two charging ports due to their inability to support AC charging. Furthermore, the current CHAdeMO connectors can generate 62.5 kW of DC and comply with the Japan Electric Vehicle Standard.
by Application
Commercial
Residential
The electric car charging infrastructure market is divided into two segments based on application: commercial and residential. The commercial sector accounted for over 84% of total revenue in 2023, owing to government initiatives and funding allocations by automobile manufacturers for the construction of public EVCI infrastructure. Overnight charging or charging at home are insufficient for long-distance travel, hence public infrastructure expansion is essential. Several public transportation authorities are also working with vehicle manufacturers to provide electric bus charging stations. For example, TRAFIKSELSKABET MOVIA signed an agreement with Siemens to install top-down pantograph electric bus charging stations for 45 municipalities, including the City of Copenhagen and Region Zealand.
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Electric Vehicle Charging Infrastructure Market Key Players:
North America Electric Vehicle Charging Infrastructure Market:
1. AeroVironment, Inc. - (United States)
2. ChargePoint, Inc. - (United States)
3. SemaConnect, Inc. - (United States)
4. ClipperCreek, Inc. - (United States)
5. Tesla Motors, Inc. - (United States)
6. General Electric Company - (United States)
7. Leviton Manufacturing Co., Inc. - (United States)
8. EVgo - (United States)
9. Blink Network - (United States)
10. Greenlots - (United States)
Europe Electric Vehicle Charging Infrastructure Market:
1. ABB Group - (Switzerland)
2. Elektromotive Limited - (United Kingdom)
3. Schneider Electric SE - (France)
4. Chargemaster Plc - (United Kingdom)
5. Delphi Automotive LLP - (United Kingdom)
6. Eaton Corporation - (Ireland)
7. Siemens AG - (Germany)
8. Engie - (France)
9. Pod Point Ltd. - (United Kingdom)
10. NewMotion - (Netherlands)
Key questions answered in the Electric Vehicle Charging Infrastructure Market are:
- What is Electric Vehicle Charging Infrastructure?
- What was the Electric Vehicle Charging Infrastructure market size in 2023?
- What is the growth rate of the Electric Vehicle Charging Infrastructure Market?
- Which are the factors expected to drive the Electric Vehicle Charging Infrastructure market growth?
- What are the different segments of the Electric Vehicle Charging Infrastructure Market?
- What growth strategies are the players considering to increase their presence in Electric Vehicle Charging Infrastructure?
- What are the upcoming industry applications and trends for the Electric Vehicle Charging Infrastructure Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Electric Vehicle Charging Infrastructure Market?
- Who are the leading companies and what are their portfolios in Electric Vehicle Charging Infrastructure Market?
- What segments are covered in the Electric Vehicle Charging Infrastructure Market?
- Who are the key players in the Electric Vehicle Charging Infrastructure market?
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Table of Content: Electric Vehicle Charging Infrastructure Market
Part 01: Executive Summary
Part 02: Scope of the Electric Vehicle Charging Infrastructure Market Report
Part 03: Electric Vehicle Charging Infrastructure Market Landscape
Part 04: Electric Vehicle Charging Infrastructure Market Sizing
Part 05: Electric Vehicle Charging Infrastructure Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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