The Global Electric Vehicle Charging Infrastructure Market size is expected to reach $72.5 billion by 2025, rising at a market growth of 38.5% CAGR during the forecast period.
The electric vehicle charging infrastructure consists of two primary fields: charging facilities and charging devices. It is possible to classify the charging equipment into home charging and government charging. Opportunity charging stations, fast-charging stations, and battery swapping stations can also be listed as public charging equipment. Meanwhile, it is possible to classify the charging equipment as conductive chargers, inductive chargers and wireless chargers.
Global Electric Vehicle Charging Infrastructure Market Size
Growing sales of EVs are anticipated to drive the global market over the forecast period due to public initiatives and support in terms of tax credits and profitable subsidies. Lower operating and maintenance costs and increasing consumer awareness of environmental advantages further encourage customers to use EVs, which also contributes to demand, thereby boosting the worldwide market.
Global Electric Vehicle Charging Infrastructure Market Share
Major automotive companies are investing strongly in the growth of EV charging stations and new techniques such as lithium-ion batteries, ultra-fast DC charging networks, independent park-and-charge and wireless charging to increase EV revenues. For example, Volkswagen Group is working on the creation of V-Charge, an EU study project focused on automating the parking and charging of EVs. V-Charge fully automates the process of recognizing a parking place and charging using a network of various sensory instruments including wide-angle cameras, digital maps, 3D cameras, ultrasound sensors and ' Car2X ' technology for cars to interact with the charging infrastructure. Based on Charger Type, the market is segmented into Slow Charger and Fast Charger. Based on Connector Type, the market is segmented into CHAdeMO, Combined Charging System (CCS) and Others. Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.
KBV Cardinal Matrix
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Tesla, Inc., General Motors Co., Robert Bosch GmbH, Schneider Electric SE, Siemens AG, ChargePoint, Inc., Eaton Corporation PLC, Delta Electronics, Inc., Aptiv PLC and AeroVironment, Inc. The major strategies followed by the market participants are Product launches and Partnerships & Collaborations. Based on the Analysis presented in the Cardinal matrix, General Motors Co., Robert Bosch GmbH, Schneider Electric SE and Siemens AG are some of the forerunners in the Electric Vehicle Charging Infrastructure market.
Market Segmentation:
By Charger Type
By Connector Type
By Application
By Geography
Companies Profiled
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