EV Charger Cellular Connectivity Market Size & Share 2024 - 2032
Market Size by Component (Hardware, Software), by Charger Type (Level 1, Level 2, Level 3), by Charging Site (Public, Private), by Connectivity (4G, 5G), by End User, by Application, Regional Outlook & Forecast.
Report ID: GMI8095
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Published Date: February 2024
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Report Format: PDF
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Authors:
Preeti Wadhwani, Aishvarya Ambekar
EV Charger Cellular Connectivity Market Size
EV Charger Cellular Connectivity Market size was valued at USD 1.6 billion in 2023 and is anticipated to register a CAGR of over 13% between 2024 and 2032. The increasing adoption of electric vehicles globally is one of the primary growth drivers of the market. As more consumers and businesses transition to electric vehicles, the demand for reliable and efficient charging infrastructure grows, requiring robust cellular connectivity solutions to manage and monitor charging stations effectively.
EV Charger Cellular Connectivity Market Key Takeaways
Market Size & Growth
Key Market Drivers
Challenges
For instance, In July 2023, the EU enacted a new regulation mandating the installation of fast-charging stations every 60 kilometres along highways by the conclusion of 2025. This law also stipulates that these charging stations must be interoperable, allowing them to be utilized by any electric vehicle, irrespective of the manufacturer.
The integration of smart grid and renewable energy with EV charging infrastructure leverages cellular connectivity to enable bidirectional communication between charging stations and the grid. This facilitates demand response, load balancing, and the optimization of charging schedules based on renewable energy availability. Such integration fosters a more sustainable and efficient charging ecosystem, contributing to the wide adoption of EVs and the transition toward cleaner energy sources.
Uneven network coverage and reliability pose challenges for EV charger cellular connectivity. In remote or congested areas, inadequate coverage can disrupt charging services. Dead zones and network instability can lead to communication failures between charging stations & backend systems, impacting the user experience. Overcoming these challenges requires infrastructure investment and collaboration with telecommunication providers to improve coverage, ensuring reliable connectivity for EV charging networks.
EV Charger Cellular Connectivity Market Trends
Subscription-based models are gaining traction in the EV charger cellular connectivity industry, offering charging operators predictable costs and flexible data plans. Instead of upfront hardware costs, operators pay recurring fees for cellular connectivity services, simplifying budgeting and management. These models provide scalability, allowing operators to adjust subscription levels as charging network demands fluctuate. Additionally, subscription-based offerings often include value-added services, such as remote monitoring, data analytics, and customer support, enhancing the overall value proposition for EV charger operators.
The expansion of 5G connectivity has revolutionized EV charger cellular connectivity with higher data speeds, lower latency, and increased capacity. 5G networks enable real-time monitoring, vehicle-to-grid communication, and enhanced user experiences for EV charging. For instance, in December 2023, the AmpUp charging solution was integrated into Legrand's networked charger, empowering facility owners and fleet managers to remotely monitor charging stations. This feature provides a live snapshot of usage patterns, station health, and overall performance.
With this critical information, decision-makers can fine-tune charging infrastructure based on concrete data, ensuring optimal resource allocation and preparation for future requirements. This advancement facilitates faster data transfer & reliable connections and supports emerging applications, driving innovation & efficiency in the market.
EV Charger Cellular Connectivity Market Analysis
Based on component, the hardware segment held over 82% of the market share in 2023. In the market, the trend toward compact and modular designs is revolutionizing hardware components with controllers and control units dominating. These components offer flexibility and scalability, enabling seamless deployment of charging stations in diverse locations.
Compact designs reduce installation complexity and footprint, while modular components allow for customization, upgrades & maintenance with minimal disruption. This approach optimizes space utilization, enhances flexibility, and addresses the evolving needs of EV charging infrastructure in urban & remote areas. For instance, in November 2023, LG Electronics entered the U.S. EV charging market, offering AC and DC chargers with cellular connectivity options. This move by a major electronics player highlights the market's potential.
Based on end user, the driver/fleet operators segment accounted for 42% of the EV charger cellular connectivity market share in 2023. Drivers and fleet operators significantly influence the market as they seek seamless charging experiences and efficient fleet management. With cellular-connected charging infrastructure, operators can remotely monitor, schedule, and optimize charging sessions, minimizing downtime & maximizing fleet utilization. Real-time data access enables informed decision-making, route planning, and energy cost optimization.
For instance, in November 2023, Circutor and Telefónica collaborated on developing & integrating secure communication protocols for cellular-connected chargers, emphasizing data privacy and cybersecurity. This demand fuels innovation, moving the market toward user-centric solutions tailored to the needs of drivers and fleet managers for enhanced efficiency & convenience.
Europe EV charger cellular connectivity market recorded around 37% of the revenue share in 2023, driven by the increasing adoption of EVs and the need for efficient charging infrastructure. Key market trends include the integration of advanced cellular technologies for remote monitoring & management, the rise of smart charging solutions enabling grid optimization, and the emergence of connected services enhancing user experience.
For instance, in October 2023, Siemens and T-Systems collaborated on a secure cloud-based platform for managing and operating cellular-connected EV chargers. Additionally, regulatory initiatives promoting sustainable transportation and investments in infrastructure expansion further propel market growth, indicating a promising trajectory for the future.
EV Charger Cellular Connectivity Market Share
Legrand and Siemens hold around 14% of the total market share, as these companies competes in the EV charger cellular connectivity industry with its comprehensive range of charging solutions. Leveraging its extensive expertise in technology and infrastructure, Siemens offers robust charging stations equipped with cellular connectivity for remote monitoring and management. The company offers reliability, scalability, and integration capabilities, positioning Siemens as a prominent player in the evolving EV charging ecosystem.
Legard dominates the EV charger cellular connectivity industry by offering reliable, scalable solutions with advanced features like remote monitoring, firmware updates, and data analytics. Its robust infrastructure and customer-centric approach position it as a leader in the industry.
EV Charger Cellular Connectivity Market Companies
Major companies operating in the EV charger cellular connectivity industry are:
EV Charger Cellular Connectivity Industry News
The EV charger cellular connectivity market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Million) from 2018 to 2032, for the following segments:
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Market, By Component
Market, By Charger Type
Market, By Charging Site
Market, By End User
Market, By Connectivity
Market, By Application
The above information has been provided for the following regions and countries:
Research methodology, data sources & validation process
This report draws on a structured research process built around direct industry conversations, proprietary modelling, and rigorous cross-validation and not just desk research.
Our 6-step research process
1. Research design & analyst oversight
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2. Primary research
Primary research forms the backbone of our methodology, contributing nearly 80% to overall insights. It involves direct engagement with industry participants to ensure accuracy and depth in analysis. Our structured interview program covers regional and global markets, with inputs from C-suite executives, directors, and subject matter experts. These interactions provide strategic, operational, and technical perspectives, enabling well-rounded insights and reliable market forecasts.
3. Data mining & market analysis
Data mining is a key part of our research process, contributing nearly 20% to the overall methodology. It involves analysing market structure, identifying industry trends, and assessing macroeconomic factors through revenue share analysis of major players. Relevant data is collected from both paid and unpaid sources to build a reliable database. This information is then integrated to support primary research and market sizing, with validation from key stakeholders such as distributors, manufacturers, and associations.
4. Market sizing
Our market sizing is built on a bottom-up approach, starting with company revenue data gathered directly through primary interviews, alongside production volume figures from manufacturers and installation or deployment statistics. These inputs are then pieced together across regional markets to arrive at a global estimate that stays grounded in actual industry activity.
5. Forecast model & key assumptions
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✓ Key growth drivers and their assumed impact
✓ Restraining factors and mitigation scenarios
✓ Regulatory assumptions and policy change risk
✓ Technology adoption curve parameter
✓ Macroeconomic assumptions (GDP growth, inflation, currency)
✓ Competitive dynamics and market entry/exit expectations
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Our triple-layer validation process ensures maximum data reliability:
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Verified data sources
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