The global Electric Vehicle Charging Station Market size reach around US$ 39.2 Bn by 2027 and is anticipated to grow at a CAGR of around 40.7%% from 2020 to 2027.
Electric vehicle charging station is an infrastructure that is used for recharging the batteries of electric vehicles. With the bolstering sales of electric vehicles worldwide EV manufacturers are increasingly focused towards the development of the charging infrastructure to fulfill the operational requirements of the electric vehicles. Moreover, with rising consumer demand market players are significantly transforming and developing new technologies in both public and private charging stations. Consumers have more emphasis on fast-charging stations that will save their time and also boost the performance of the battery.
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Growth Factors
Commercial success for electric vehicles needs installation of charging infrastructure which is reachable, accessible, and comparatively reasonable irrespective of their location. Strategic initiatives taken by some of the major players to provide free charging facility to the electric vehicle owners will provide traction to the market growth. In addition, rising trend of home & workplace charging stations or private charging stations in North American and European countries attributed to boost the AC charging station market size. Private charging provides fast and reliable charging with no time constraint, which may provide ease of EV charging to the vehicle owners. However, lack of standardization coupled with various costs associated with charging station such as operational, maintenance, and installation costs may hinder the market growth. In addition, the looming under investment for the EV charging station development projects projected to hamper the growth of the market. The European Environment Agency (EEA) revealed that only 10 out of 28 European countries have received the incentives for the development of EV charging infrastructure as of May 2016.
Report Highlights
- Asia Pacific was the dominant region in 2019 and is expected to be the most attractive market during the forecast period. China, India, Japan, and Korea are some of the most lucrative regions for the electric vehicle charging station market growth. Rising investments and government initiatives are the major factors for its significant growth.
- North America and Europe are the significant revenue contributors in the global electric vehicle market with substantial growth. Government’s targets to curb the carbon emission and boost the adoption of electric vehicles are some of the major factors driving the EV charging station market in these regions.
- DC charging point led the market share with approximately 60% of the revenue share in 2019 owing to fast charging capability and attractive pricing of the DC charging. However, wireless charging expected to witness the fastest growth rate during the forecast period.
- By end user segment, public type charging station dominated the global EV charging station market because they are more economical to the manufacturer. Moreover, they offer larger paring space and are accessible to all public.
Regional Snapshots
Asia Pacific projected as the most opportunistic region for this market during the forecast period. The prime factor attributed to significant investment by government of various Asian countries to promote the adoption of EV coupled with different initiative by government to reduce the carbon footprint in their areas. In September 2019, South Korea announced nearly USD 900 million for the e-mobility subsidies. Out of the total amount, USD 609 million is planned to be used for the development of EV charging infrastructure. Similarly, in June 2020, Tata Power announced its plan to expand the EV charging network in India by over 700 by the end of the year 2021.
Europe and North America are the other most prominent regions in the global electric vehicle charging station market. The regions have their prime focus to increase the battery-powered fleet and reduce the harmful gas emission. Being center for several technological giants, the regions are investing significantly by providing loans and other benefits to the EV startups and established manufacturers.
Key Players & Strategies
The global electric vehicle charging station market is highly competitive owing to significant technological developments in the market. Market players are also involved in merger, acquisition, partnership, regional expansion and other similar marketing strategies to consolidate their market position. For instance, in January 2017, BMW AG and Nissan Motor Corp. signed partnership agreement to build 174 DC fast-charging points to support their rising EV fleets in U.S.
Some of the key players of the market are ABB Ltd., ChargePoint, Inc., EVgo Services LLC., Allego, Scheinder Electric, , Robert Bosch GmbH, Blink Charging Co., Wi Tricity Corporation, Toshiba Corporation, and AeroViroment, Inc. Some other participants in this sector include Mojo Mobility, Inc., General Electric, Evatran Group, HellaKGaAHueck& Co., Siemens AG, Leviton Manufacturing Co., Inc., Efacec, Alfen N.V., Denso Corporation, Elix Wireless, Chargemasterplc.,Tesla Inc., ClipperCreek, Engie, Infineon Technologies AG, and Qualcomm Technologies, Inc., among others.
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By Charging Station Type
- AC Charging
- DC Charging
- Wireless Charging
By Power Output
- <11KW
- 11KW-50KW
- >50KW
By Supplier Type
- OE Charging Station
- Private Charging Station
By End User
- Private Type
- Public Type
By Geography
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of the World
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
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 Station Market, By Charging Station
7.1. Electric Vehicle Charging Station Market, by Charging Station Type, 2020-2027
7.1.1. AC Charging
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. DC Charging
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Wireless Charging
7.1.3.1. Market Revenue and Forecast (2016-2027)
Chapter 8. Global Electric Vehicle Charging Station Market, By Power Output
8.1. Electric Vehicle Charging Station Market, by Power Output, 2020-2027
8.1.1. <11KW
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. 11KW-50KW
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. >50KW
8.1.3.1. Market Revenue and Forecast (2016-2027)
Chapter 9. Global Electric Vehicle Charging Station Market, By Supplier Type
9.1. Electric Vehicle Charging Station Market, by Supplier Type, 2020-2027
9.1.1. OE Charging Station
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Private Charging Station
9.1.2.1. Market Revenue and Forecast (2016-2027)
Chapter 10. Global Electric Vehicle Charging Station Market, By End User
10.1. Electric Vehicle Charging Station Market, by End User, 2020-2027
10.1.1. Private Type
10.1.1.1. Market Revenue and Forecast (2016-2027)
10.1.2. Public Type
10.1.2.1. Market Revenue and Forecast (2016-2027)
Chapter 11. Global Electric Vehicle Charging Station Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Charging Station (2016-2027)
11.1.2. Market Revenue and Forecast, by Power Output (2016-2027)
11.1.3. Market Revenue and Forecast, by Supplier Type (2016-2027)
11.1.4. Market Revenue and Forecast, by End User (2016-2027)
11.1.5. U.S.
11.1.5.1. Market Revenue and Forecast, by Charging Station (2016-2027)
11.1.5.2. Market Revenue and Forecast, by Power Output (2016-2027)
11.1.5.3. Market Revenue and Forecast, by Supplier Type (2016-2027)
11.1.5.4. Market Revenue and Forecast, by End User (2016-2027)
11.1.6. Rest of North America
11.1.6.1. Market Revenue and Forecast, by Charging Station (2016-2027)
11.1.6.2. Market Revenue and Forecast, by Power Output (2016-2027)
11.1.6.3. Market Revenue and Forecast, by Supplier Type (2016-2027)
11.1.6.4. Market Revenue and Forecast, by End User (2016-2027)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Charging Station (2016-2027)
11.2.2. Market Revenue and Forecast, by Power Output (2016-2027)
11.2.3. Market Revenue and Forecast, by Supplier Type (2016-2027)
11.2.4. Market Revenue and Forecast, by End User (2016-2027)
11.2.5. UK
11.2.5.1. Market Revenue and Forecast, by Charging Station (2016-2027)
11.2.5.2. Market Revenue and Forecast, by Power Output (2016-2027)
11.2.5.3. Market Revenue and Forecast, by Supplier Type (2016-2027)
11.2.5.4. Market Revenue and Forecast, by End User (2016-2027)
11.2.6. Germany
11.2.6.1. Market Revenue and Forecast, by Charging Station (2016-2027)
11.2.6.2. Market Revenue and Forecast, by Power Output (2016-2027)
11.2.6.3. Market Revenue and Forecast, by Supplier Type (2016-2027)
11.2.6.4. Market Revenue and Forecast, by End User (2016-2027)
11.2.7. France
11.2.7.1. Market Revenue and Forecast, by Charging Station (2016-2027)
11.2.7.2. Market Revenue and Forecast, by Power Output (2016-2027)
11.2.7.3. Market Revenue and Forecast, by Supplier Type (2016-2027)
11.2.7.4. Market Revenue and Forecast, by End User (2016-2027)
11.2.8. Rest of Europe
11.2.8.1. Market Revenue and Forecast, by Charging Station (2016-2027)
11.2.8.2. Market Revenue and Forecast, by Power Output (2016-2027)
11.2.8.3. Market Revenue and Forecast, by Supplier Type (2016-2027)
11.2.8.4. Market Revenue and Forecast, by End User (2016-2027)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Charging Station (2016-2027)
11.3.2. Market Revenue and Forecast, by Power Output (2016-2027)
11.3.3. Market Revenue and Forecast, by Supplier Type (2016-2027)
11.3.4. Market Revenue and Forecast, by End User (2016-2027)
11.3.5. India
11.3.5.1. Market Revenue and Forecast, by Charging Station (2016-2027)
11.3.5.2. Market Revenue and Forecast, by Power Output (2016-2027)
11.3.5.3. Market Revenue and Forecast, by Supplier Type (2016-2027)
11.3.5.4. Market Revenue and Forecast, by End User (2016-2027)
11.3.6. China
11.3.6.1. Market Revenue and Forecast, by Charging Station (2016-2027)
11.3.6.2. Market Revenue and Forecast, by Power Output (2016-2027)
11.3.6.3. Market Revenue and Forecast, by Supplier Type (2016-2027)
11.3.6.4. Market Revenue and Forecast, by End User (2016-2027)
11.3.7. Japan
11.3.7.1. Market Revenue and Forecast, by Charging Station (2016-2027)
11.3.7.2. Market Revenue and Forecast, by Power Output (2016-2027)
11.3.7.3. Market Revenue and Forecast, by Supplier Type (2016-2027)
11.3.7.4. Market Revenue and Forecast, by End User (2016-2027)
11.3.8. Rest of APAC
11.3.8.1. Market Revenue and Forecast, by Charging Station (2016-2027)
11.3.8.2. Market Revenue and Forecast, by Power Output (2016-2027)
11.3.8.3. Market Revenue and Forecast, by Supplier Type (2016-2027)
11.3.8.4. Market Revenue and Forecast, by End User (2016-2027)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Charging Station (2016-2027)
11.4.2. Market Revenue and Forecast, by Power Output (2016-2027)
11.4.3. Market Revenue and Forecast, by Supplier Type (2016-2027)
11.4.4. Market Revenue and Forecast, by End User (2016-2027)
11.4.5. GCC
11.4.5.1. Market Revenue and Forecast, by Charging Station (2016-2027)
11.4.5.2. Market Revenue and Forecast, by Power Output (2016-2027)
11.4.5.3. Market Revenue and Forecast, by Supplier Type (2016-2027)
11.4.5.4. Market Revenue and Forecast, by End User (2016-2027)
11.4.6. North Africa
11.4.6.1. Market Revenue and Forecast, by Charging Station (2016-2027)
11.4.6.2. Market Revenue and Forecast, by Power Output (2016-2027)
11.4.6.3. Market Revenue and Forecast, by Supplier Type (2016-2027)
11.4.6.4. Market Revenue and Forecast, by End User (2016-2027)
11.4.7. South Africa
11.4.7.1. Market Revenue and Forecast, by Charging Station (2016-2027)
11.4.7.2. Market Revenue and Forecast, by Power Output (2016-2027)
11.4.7.3. Market Revenue and Forecast, by Supplier Type (2016-2027)
11.4.7.4. Market Revenue and Forecast, by End User (2016-2027)
11.4.8. Rest of MEA
11.4.8.1. Market Revenue and Forecast, by Charging Station (2016-2027)
11.4.8.2. Market Revenue and Forecast, by Power Output (2016-2027)
11.4.8.3. Market Revenue and Forecast, by Supplier Type (2016-2027)
11.4.8.4. Market Revenue and Forecast, by End User (2016-2027)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Charging Station (2016-2027)
11.5.2. Market Revenue and Forecast, by Power Output (2016-2027)
11.5.3. Market Revenue and Forecast, by Supplier Type (2016-2027)
11.5.4. Market Revenue and Forecast, by End User (2016-2027)
11.5.5. Brazil
11.5.5.1. Market Revenue and Forecast, by Charging Station (2016-2027)
11.5.5.2. Market Revenue and Forecast, by Power Output (2016-2027)
11.5.5.3. Market Revenue and Forecast, by Supplier Type (2016-2027)
11.5.5.4. Market Revenue and Forecast, by End User (2016-2027)
11.5.6. Rest of LATAM
11.5.6.1. Market Revenue and Forecast, by Charging Station (2016-2027)
11.5.6.2. Market Revenue and Forecast, by Power Output (2016-2027)
11.5.6.3. Market Revenue and Forecast, by Supplier Type (2016-2027)
11.5.6.4. Market Revenue and Forecast, by End User (2016-2027)
Chapter 12. Company Profiles
12.1. ABB Ltd.
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. ChargePoint, Inc.
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. EVgo Services LLC.
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Allego
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Scheinder Electric
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Blink Charging Co.
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Wi Tricity Corporation
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Toshiba Corporation
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. AeroViroment, Inc.
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Mojo Mobility, Inc.
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
12.11. General Electric
12.11.1. Company Overview
12.11.2. Product Offerings
12.11.3. Financial Performance
12.11.4. Recent Initiatives
12.12. Robert Bosch GmbH
12.12.1. Company Overview
12.12.2. Product Offerings
12.12.3. Financial Performance
12.12.4. Recent Initiatives
12.13. Chargemaster plc.
12.13.1. Company Overview
12.13.2. Product Offerings
12.13.3. Financial Performance
12.13.4. Recent Initiatives
12.14. Evatran Group
12.14.1. Company Overview
12.14.2. Product Offerings
12.14.3. Financial Performance
12.14.4. Recent Initiatives
12.15. HellaKGaAHueck& Co.
12.15.1. Company Overview
12.15.2. Product Offerings
12.15.3. Financial Performance
12.15.4. Recent Initiatives
12.16. Siemens AG
12.16.1. Company Overview
12.16.2. Product Offerings
12.16.3. Financial Performance
12.16.4. Recent Initiatives
12.17. Leviton Manufacturing Co., Inc.
12.17.1. Company Overview
12.17.2. Product Offerings
12.17.3. Financial Performance
12.17.4. Recent Initiatives
12.18. Efacec
12.18.1. Company Overview
12.18.2. Product Offerings
12.18.3. Financial Performance
12.18.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
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