Electric Vehicle Charging Infrastructure Market

Global Electric Vehicle Charging Infrastructure Market is valued at USD 17.2 Billion in 2021 and is expected to reach USD 108.2 Billion by 2028 with a CAGR of 30.04% over the forecast period.

Global Electric Vehicle Charging Infrastructure Market: Global Size, Trends, Competitive, And Historical & Forecast Analysis, 2022-2028: Rising adoption of electric vehicles mobilities, government initiatives and tax breaks to endorse faster setup of EV charging infrastructure, and growing concerns over carbon dioxide emissions are some of the major factors driving the growth of the Global Electric Vehicle Charging Infrastructure Market.

Scope of Global Electric Vehicle Charging Infrastructure Market

An EVSE, or electric car charging station, is a machine that charges plug-in electric cars (EVs) such as electric autos, hybrids, and neighborhood electric vehicles. The charging stations are powered by an energy controller, software program, facility meter, network operations center, and energy conversion system linked to the electricity network. The charger device supports several degrees of charge. Level 1 charging points utilize a standard home outlet, level 2 charging points are compatible with all-electric cars and include a wire that plugs directly into the automobile, and level 3 charging points are direct current (DC) rapid chargers that swiftly charge vehicles.

Electric car development has accelerated in recent years owing to its low fuel consumption and environmentally favorable features. The usage of electric mobility has become necessary due to rising emission levels of carbon dioxide and other dangerous pollutantsreleased by fuel based vehicles. As a consequence, there is an increasing need for EV charging stations in both commercial and residential applications. Furthermore, growing cooperation among automakers for charging infrastructure through a monthly subscription is expected to drive the development of the electric car charging infrastructure market.

The coronavirus epidemic has hampered the global economy. Despite the fact that updated models offer a significant danger to human health, the market for electric car charging stations is projected to grow again as regulations relax and trade boundaries open. Market players are using contingency planning to address operational, supply chain, and inventory management challenges since the vehicle sector has  been one of the most severely affected industries during the pandemic era. Domestic and foreign enterprises are using government stimulus measures to increase EV sales. The network of electric car charging stations is likely to expand as a consequence of these developments. ABB has unveiled Terra 360, the world's fastest electric car charger, for September 2021. This charging station can charge up to four cars simultaneously and can charge an electric vehicle completely in 15 minutes. This business is estimated to be valued at USD 3 billion. This infrastructure was expected to be in place throughout Europe by 2021.

The global Electric Vehicle Charging Infrastructure market is segmented based on the vehicle type, charging type, end-user, and region & country level. Based on vehicle type, the global Electric Vehicle Charging Infrastructure market is segmented into Plug-in Hybrid Vehicle (PHEV), Battery Electric Vehicle (BEV), and Hybrid Electric Vehicle (HEV). By charging type, the market is segmented into on-board charger and off-board chargers. By end-user, the global Electric Vehicle Charging Infrastructure market is segmented into residential and commercial.

The regions covered in the global Electric Vehicle Charging Infrastructure market report are North America, Europe, Asia-Pacific, Latin America, and the rest of the World. Based on country level, the market of global Electric Vehicle Charging Infrastructure is sub divided into U.S., Mexico, Canada, U.K., France, Germany, China, Italy, India, Japan, Southeast Asia, Middle East Asia (Saudi Arabia, UAE, Egypt) GCC, Africa, etc.

Global Electric Vehicle Charging Infrastructure Market Segmentation

By Vehicle Type:

• Plug-in Hybrid Vehicle (PHEV)
• Battery Electric Vehicle (BEV)
• Hybrid Electric Vehicle (HEV)

By Charging Type:

• On-board Charger
• Off-board Chargers

By End-user:

• Residential
• Commercial

Key Players of Global Electric Vehicle Charging Infrastructure Market

Some major key players for the global Electric Vehicle Charging Infrastructure market report cover prominent players like

• BP Chargemaster
• ABB
• Siemens AG
• General Electric Company
• Schneider Electric
• Eaton Corp
• AeroVironment
• Leviton Manufacturing Co
• ClipperCreek
• ChargePoint
• SemaConnect
• Tesla
• Webasto SE
• others.

News

The Biden-Harris Administration has approved the first 35 state plans to increase EV charging infrastructure over 53,000 miles of highway

On September 14^th, 2022; The National Electric Vehicle Infrastructure (NEVI) Formula Initiative, founded and sponsored by President Biden's Bipartisan Infrastructure Law, has announced that more than two-thirds of the Electric Vehicle (EV) Scale Developed Plans from States, Puerto Rico, and the District of Columbia have been approved ahead of schedule. These states may now access more than USD 900 million in NEVI formula funds from FY22 and FY23 to deploy EV chargers along 53,000 miles of roadway throughout the nation due to this early approval.

Leviton Unveils New Fast, DC Charging Smart Evr-Green Electric Vehicle Charging Station

On April 11^th, 2022; In a recent addition to its line of EV supply equipment, Leviton announced the release of the EVR-Green DC charging station. The EVR-Green DC offers a novel solution for elevated direct current (DC) charging for the newest electric cars available on the market, making it perfect for rest areas, retail places, and other public and commercial applications.

Latest bp pulse ultra-fast charging hub lands at Gatwick

On February 2^nd, 2022; The most recent EV charging station was completed by Bp Pulse, a charger for electric vehicles network, in the QPark parking garage at Gatwick. Three lightning-fast 150-kilowatt charging stations located within the hub will fully charge an electric car to 80% capacity in about 10 to 15 minutes, giving it a range of about 100 miles. By converting these units to 300 kilowatts with new technology, compatible EV cars will be able to charge even more rapidly.

Rising adoption of electric vehicles mobilities, government initiatives and tax breaks to endorse faster setup of EV charging infrastructure, and growing concerns over carbon dioxide emissions are some of the major factors driving the market growth

Several of the main factors influencing the EV charging infrastructure market trend include the rapidly rising adoption and revenues from electric mobility in addition to the introduction of legislation, policies, and incentives encouraging EV use, such as deduction from number plate lotteries, admission to restricted traffic areas, etc. Additionally, market growth is being fueled by cooperation between numerous automakers, original equipment manufacturers, and charging system developers.

Green energy is also anticipated to be crucial in residential and public electric car charging. Consumers of electric vehicles are very concerned about rising carbon dioxide emission levels. To address these issues, companies are bringing transformation in the  charging technologies used in their electric car charging infrastructure. This is one of the key factors anticipated to fuel the growth of the market for electric car charging infrastructure globally.

For instance, in June 2022, Blink Charging Co. acquired EB Charging, a UK-based provider of renewable energy solutions and electric car charging stations. Through the construction of about 1,150 EV charging stations, the purchase was intended to provide Blink the opportunity to expand and strengthen its position throughout the UK market. The agreement was also designed to support the company's quickly expanding footprint both domestically and abroad.

On the other side, the market's growth pace is expected to be constrained by the present electric car charging infrastructure's absence of standardization. Variations in charging loads and the expansion of the electric vehicle industry have drawn attention to the need for standardization of charging points.

The construction of electric car charging stations is subject to stringent regulations, which will slow the market's expansion. Along with this, the low power grid architecture and the increased price of EVs compared to ICE cars would restrain market expansion. The adverse effects of the COVID-19 pandemic on the supply chain would serve as a market restriction and further impede the pace of market expansion.

Asia Pacific is Expected to Capture a Major Share in the Global Electric Vehicle Charging Infrastructure Market

Compared to other regional markets, Asia Pacific is anticipated to provide a greater proportion of revenues and see the highest CAGR growth. The rise in the use of electric vehicles in nations like India, China, and Japan, which is linked to the modernization of the automotive industry and many attempts to establish charging stations for electric, is the factor causing the quickest revenue increase. Electric automobiles and charging infrastructure are shipped internationally from China and Japan. Governments are also encouraging private companies to construct public charging points by providing discounted power prices. The Chinese government is making significant investments in the production of electric car charging stations in order to provide choices for charging to the nation's growing number of electric automobiles. All of these elements are anticipated to accelerate market expansion in this area.

North America is predicted to have consistent revenue growth over the projection period as a result of increased government efforts to promote the use of electric cars and associated infrastructure. The need for electric vehicle fast-charging systems is likely to increase, and shared mobility operators are anticipated to deploy more EVs. Additionally, expanding retail multinational companies (MNCs) use of electric car charging stations and growing r&d in the Vehicle to Grid (V2G) technologies are anticipated to fuel revenue growth in the North American market during the projection period.

By Regional & Country Level:

North America

• U.S.
• Canada

Europe

• U.K.
• France
• Germany
• Italy

Asia Pacific

• China
• Japan
• India
• Southeast Asia

Latin America

• Brazil
• Mexico

Middle East and Africa

• GCC
• Africa
• Rest of Middle East and Africa

Report Analysis	Details
Historical data	2018 - 2021
Forecast Period	2022 - 2028
Market Size in 2021:	USD 17.2 Billion
Base year considered	2021
Forecast Period CAGR %:	30.04%
Market Size Expected in 2028:	108.2 Billion
Tables, Charts & Figures:	175
Pages	300
Key Players/Companies	BP Chargemaster, ABB, Siemens AG, General Electric Company, Schneider Electric, Eaton Corp., AeroVironment, Inc., Leviton Manufacturing Co., Inc., ClipperCreek, Inc., ChargePoint, Inc., SemaConnect, Inc., Tesla, Webasto SE., and others.
Segments Covered	By Vehicle Type, By Charging Type, By End-user.
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, Africa, Rest of the Middle East and Africa