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AC Electric Vehicle Charging Station Market Size

  • Report ID: GMI9654
  • Published Date: May 2024
  • Report Format: PDF

AC Electric Vehicle Charging Station Market Size

AC Electric Vehicle Charging Station Market size was valued at USD 15.1 billion in 2023 and is projected to grow at 22.2% CAGR from 2024 to 2032. Global electric vehicle market expansion along with economic factors catering to the adoption of electric vehicles will influence the business outlook. Market players are diversifying their geographic presence and tailoring their offerings to local market needs and preferences.


Economic factors including the total cost of ownership of EVs compared to internal combustion engine vehicles, electricity pricing, and infrastructure investment, play a significant role in market growth. For instance, in February 2023, BP decided to invest USD 1 billion in EV charging solutions across the U.S. to enhance the overall EV charging infrastructure across the country. The availability of affordable charging solutions and favorable financing options can accelerate market adoption.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of AC electric vehicle (EV) charging station reached USD 15.1 billion in 2023 and will grow at 22.2% from 2024 to 2032, led by global electric vehicle market expansion.

The level 2 segment is expected to surpass USD 92 billion by 2032, driven by continuous urbanization along with rising smart city initiatives.

Asia Pacific market is anticipated to exceed USD 63 billion by 2032, propelled by growing demand for electric vehicles along with increasing technological advancements.

ABB, Blink Charging Co, Bosch Automotive Service Solutions LLC, ChargePoint, Inc, Charge Zone India, Delta Electronics, Eaton, Elli, Enphase Energy, and EVBox among others.

AC Electric Vehicle Charging Station Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 18
  • Tables & Figures: 15
  • Countries covered: 18
  • Pages: 135
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