EV Charger Operation & Maintenance Services Market Size, By Charger Type (Level 1, Level 2, Level 3), By Installation (Public, Private), By Application (Commercial, Residential), By End-use (Logistics, Retail, Universities, Commercial, Transport, Real Estate), Forecast 2023 - 2032

EV Charger Operation & Maintenance Services Market Size

EV Charger Operation & Maintenance Services Market was valued at USD 270.1 million in 2022 and is anticipated to expand at 25.6% CAGR during 2023 to 2032. Driven by the rapid growth of the electric vehicle across worldwide. According to NADA, alternative fuel vehicles experienced a rise in market share in 2022. Sales of hybrids, PHEVs, and BEVs collectively constituted 12.3% of total new vehicle sales, reflecting a 2.7% increase compared to the figures observed in 2021. As more consumers and businesses transition to electric vehicles, the demand for charging infrastructure and related services, including operations and maintenance, has been on the rise.

 

Government incentives, subsidies, and regulations promoting the adoption of electric vehicles play a crucial role in driving the market growth. Many governments around the world are implementing policies to encourage the development of charging infrastructure and ensure its proper maintenance to support the growing number of electric vehicles on the road. These dynamic fosters a burgeoning market for services, creating opportunities for companies specializing in the operations and maintenance of EV charging stations.
 

The expansion of EV charger operations and maintenance services faces hurdles related to infrastructure investments. Establishing a widespread and efficient charging network requires substantial capital, and uncertainties about return on investment can restrain private and public sector willingness to fund the necessary infrastructure. This financial barrier may slow down market growth, particularly in regions where budgetary constraints are a concern.
 

COVID-19 Impact

The COVID-19 pandemic significantly impacted the EV charger operation and maintenance services market. Lockdowns, economic uncertainties, and altered consumer priorities during the pandemic slowed down the growth of electric vehicle adoption. This, in turn, affected the demand for related services, including operations and maintenance for charging infrastructure. Supply chain disruptions and workforce limitations further hampered the industry's outlook. However, as economies recover and prioritize sustainability, the industry is expected to regain momentum, driven by renewed efforts towards electric mobility and associated infrastructure development.
 

EV Charger Operation & Maintenance Services Market Trends

The EV charger operations and maintenance services industry is anticipated to witness a trend towards the integration of advanced technologies. This includes the implementation of artificial intelligence (AI) for predictive maintenance, real-time monitoring through the Internet of Things (IoT), and the incorporation of smart grid technologies. For instance, in December 2022, Delta introduced the DeltaGrid EVM, a cutting-edge EV charging management system with AI capabilities and seamless integration with energy infrastructure. This platform enhances power stability and operational efficiency for EV charging globally.
 

EV Charger Operation & Maintenance Services Market Analysis

The adoption of Level 2 chargers in the EV charger operations and maintenance services is driven by their practical advantages. Level 2 chargers offer a higher charging capacity than Level 1, significantly reducing charging times for electric vehicles. Businesses and charging service providers opt for Level 2 chargers to cater to the growing demand for faster and more efficient charging. Additionally, the versatility of Level 2 chargers makes them suitable for various settings, including public charging stations, workplaces, and residential areas, further contributing to their widespread adoption in the electric vehicle charging infrastructure.
 

Based on installation, the private segment held a market share of over 65% in 2022. Private installations of EV charger operations and maintenance services are gaining momentum due to the increasing recognition of the strategic role played by businesses and property owners in advancing electric vehicle infrastructure. With a rising number of companies prioritizing sustainability, installing EV chargers becomes a tangible demonstration of corporate environmental responsibility. Moreover, private installations offer businesses a competitive edge by attracting eco-conscious customers and employees. As governments incentivize private entities to invest in EV charging infrastructure, the trend is expected to continue, fostering the growth of privately operated and maintained charging facilities.

Asia Pacific led the global EV charger operation & maintenance services market with a major share of over 40% in 2022, propelled by several factors. Rising awareness and governmental initiatives promoting sustainable transportation drive the adoption of electric vehicles, necessitating robust charging infrastructure. Increasing investments in smart city initiatives across the region further boost demand. Additionally, the industry benefits from technological advancements and collaborations, enhancing the efficiency and reliability of charging networks. As Asia Pacific nations prioritize clean energy, the demand for operations and maintenance services for EV chargers is set to continue its upward trajectory.
 

EV Charger Operation & Maintenance Services Market Share

Major players operating in the EV charger operation & maintenance services industry are:

• ABB
• bp pulse
• BTC Power
• ChargePoint, Inc.
• Chargerhelp!
• eFaraday
• EVA Global
• Pearce Renewables
• SEAM Group
• Vital EV Solutions
• Allego B.V.
• Delta Electronics, Inc.

ABB and ChargePoint, Inc. are the major market players operating in the EV charger operation & maintenance services industry. Companies in the EV charger operations and maintenance services industry strengthen their presence through strategic initiatives such as technological innovation, partnerships, and global expansion. Collaborations with energy providers, governments, and businesses enhance infrastructure development, while adopting advanced technologies ensures efficient and reliable services, reinforcing their position in the rapidly evolving electric vehicle ecosystem.
 

EV Charger Operation & Maintenance Services Industry News

• In June 2023, ABB E-mobility announced broadening its offerings for public and fleet EV charging in North America. The latest AC and DC charging solutions, namely the Terra AC Wallbox 40/80A, Terra 360, and HVC360 power cabinet, comply with North American safety, certification, and communication standards. ABB E-mobility ensures the reliability of its products through continuous connectivity and dedicated support, guaranteeing round-the-clock assistance to maintain high uptime and operational reliability.
   

This electric vehicle charger operation and maintenance services 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 Charger Type

• Level 1
• Level 2
• Level 3

Market, By Installation

• Public
• Private

Market, By Application

• Commercial
• Destination Charging Stations
• Highway Charging Stations
• Bus Charging Stations
• Fleet Charging Stations 
• Residential

Market, By End-Use

• Logistics
• Retail
• Universities
• Commercial
• Transport
• Real Estate
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Netherlands
  • Nordics
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Southeast Asia
• Latin America
  • Brazil
  • Mexico
  • Argentina

• MEA
  • UAE
  • South Africa
  • Saudi Arabia