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The market for electric vehicle (EV) charging infrastructure was valued at USD 19.69 billion in 2022, and from 2023 to 2030, it is projected to expand at a compound annual growth rate (CAGR) of 26.5%. The requirement for the use of electric vehicles has been prompted by the rising levels of carbon emissions and other dangerous substances resulting from transportation. As a result, there is a need for an infrastructure for electric vehicle charging in both commercial and residential settings. Additionally, it is anticipated that rising agreements between automakers for charging stations that offer a subscription model would further propel the market.
Electric vehicle drivers will likely use and benefit from electric vehicle charging applications differently as a result of technical advancements in both the hardware and software used to charge electric vehicles. Even before the driver puts an electric vehicle into a charging station, technologies like Smart car API and charging networks accurately predict how long it will take to fully charge the vehicle. Green energy is also anticipated to have a big impact on the public and private sectors of electric vehicle charging. Carbon emissions are a key worry for electric vehicle users. Companies are quickly developing their electric vehicle charging networks' charging technologies to solve these worries.
Commercial locations have a much higher market penetration of electric vehicle charging infrastructure than residential locations. With the increased popularity of electric vehicles, more business charging stations are expected to be installed. As overnight charging at residential complexes or individual homes would not be sufficient for long-distance trips, efforts towards improving the charging infrastructure in commercial areas would be crucial in promoting the use of electric vehicles. Additionally, a public charging infrastructure would make it easier to achieve the ultra-fast charging speeds required for long distance travel. Although they provide a more affordable and practical method of charging electric vehicles than commercial charging stations, household electric vehicle chargers also have a big growth potential.
Manufacturers of EV charging infrastructure are working with the automobile rental company to include chargers into the current infrastructure. For instance, Eaton stated in January 2020 that it had partnered with auto rental company Green Motion to offer integrated chargers inside of buildings that have energy storage. Several automakers are investing in the development of Car2X technology for charging infrastructure, which is further propelling the market's growth, including the Volkswagen Group, BMW Group, and General Motors, among others.
Report Coverage
Global Electric Vehicle (EV) Charging Infrastructure research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Electric Vehicle (EV) Charging Infrastructure report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Electric Vehicle (EV) Charging Infrastructure competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Electric Vehicle (EV) Charging Infrastructure market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Electric Vehicle (EV) Charging Infrastructure market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Electric Vehicle (EV) Charging Infrastructure market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
AeroVironment Inc., ABB, BP Chargemaster, ChargePoint, Inc., ClipperCreek, Eaton, GENERAL ELECTRIC, Leviton Manufacturing Co., Inc., SemaConnect, Inc., Schneider Electric, Siemens, Tesla, Inc., Webasto
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Electric Vehicle (EV) Charging Infrastructure market based on the below-mentioned segments:
Global Electric Vehicle (EV) Charging Infrastructure Market, By Charger Type
Global Electric Vehicle (EV) Charging Infrastructure market, By Connector Type
Global Electric Vehicle (EV) Charging Infrastructure Market, By Application
Global Electric Vehicle (EV) Charging Infrastructure market, Regional Analysis
Electric vehicle drivers will likely use and benefit from electric vehicle charging applications differently as a result of technical advancements in both the hardware and software used to charge electric vehicles. Even before the driver puts an electric vehicle into a charging station, technologies like Smart car API and charging networks accurately predict how long it will take to fully charge the vehicle. Green energy is also anticipated to have a big impact on the public and private sectors of electric vehicle charging. Carbon emissions are a key worry for electric vehicle users. Companies are quickly developing their electric vehicle charging networks' charging technologies to solve these worries.
Commercial locations have a much higher market penetration of electric vehicle charging infrastructure than residential locations. With the increased popularity of electric vehicles, more business charging stations are expected to be installed. As overnight charging at residential complexes or individual homes would not be sufficient for long-distance trips, efforts towards improving the charging infrastructure in commercial areas would be crucial in promoting the use of electric vehicles. Additionally, a public charging infrastructure would make it easier to achieve the ultra-fast charging speeds required for long distance travel. Although they provide a more affordable and practical method of charging electric vehicles than commercial charging stations, household electric vehicle chargers also have a big growth potential.
Manufacturers of EV charging infrastructure are working with the automobile rental company to include chargers into the current infrastructure. For instance, Eaton stated in January 2020 that it had partnered with auto rental company Green Motion to offer integrated chargers inside of buildings that have energy storage. Several automakers are investing in the development of Car2X technology for charging infrastructure, which is further propelling the market's growth, including the Volkswagen Group, BMW Group, and General Motors, among others.
Report Coverage
Global Electric Vehicle (EV) Charging Infrastructure research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Electric Vehicle (EV) Charging Infrastructure report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Electric Vehicle (EV) Charging Infrastructure competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Electric Vehicle (EV) Charging Infrastructure market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2020 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2019 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | AeroVironment Inc., ABB, BP Chargemaster, ChargePoint, Inc., ClipperCreek, Eaton, GENERAL ELECTRIC, Leviton Manufacturing Co., Inc., SemaConnect, Inc., Schneider Electric, Siemens, Tesla, Inc., Webasto |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Electric Vehicle (EV) Charging Infrastructure Market from 2021 to 2030.
- Market Forecast for Electric Vehicle (EV) Charging Infrastructure Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Electric Vehicle (EV) Charging Infrastructure competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Electric Vehicle (EV) Charging Infrastructure
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Electric Vehicle (EV) Charging Infrastructure market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Electric Vehicle (EV) Charging Infrastructure market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
AeroVironment Inc., ABB, BP Chargemaster, ChargePoint, Inc., ClipperCreek, Eaton, GENERAL ELECTRIC, Leviton Manufacturing Co., Inc., SemaConnect, Inc., Schneider Electric, Siemens, Tesla, Inc., Webasto
Primary Target Market
- Market Players of Electric Vehicle (EV) Charging Infrastructure
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Electric Vehicle (EV) Charging Infrastructure market based on the below-mentioned segments:
Global Electric Vehicle (EV) Charging Infrastructure Market, By Charger Type
- Slow Charger
- Fast Charger
Global Electric Vehicle (EV) Charging Infrastructure market, By Connector Type
- CHAdeMO
- CCS
- Others
Global Electric Vehicle (EV) Charging Infrastructure Market, By Application
- Commercial
- Residential
Global Electric Vehicle (EV) Charging Infrastructure market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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