EV Charging Infrastructure Market Size By Current (AC {Level 1, Level 2}, DC {DC Fast}), By Charging Site (Public, Private), Industry Analysis Report, Regional Outlook, Covid-19 Impact Analysis, Price Trends, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027

Published Date: Jun 2021  |  Report ID: GMI4351  |  Authors: Ankit Gupta, Asmita Semwal

Report Format: PDF   |   Pages: 445   |   Base Year: 2020

Summary Table of Contents Industry Coverage Methodology

Industry Trends

EV Charging Infrastructure Market size was valued at over USD 10 billion in 2020 and the annual installation is anticipated to surpass 10 million units by 2027. An electric vehicle charging station is equipment that connects the vehicle to a resource of electricity to charge electric cars, plug-in hybrids, and neighborhood EVs.

EV Charging Infrastructure Market

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Shifting consumer inclination towards adoption of EVs coupled with enforcement of strict government mandates with an objective to reduce carbon emissions and to promote energy efficiency is set to boost the equipment installation. Furthermore, ongoing technological advancements and focused R&D activities driven by increased investments towards charging infrastructure throughout the globe are projected to improve the industry dynamics.

Increasing demand for fast and ultra-fast chargers will stimulate the AC charging infrastructure industry

UK EV Charging Infrastructure Market By Current

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The AC charging infrastructure market is set to gain appreciable momentum on account of large-scale deployment across workplaces, homes, supermarket, and parks. Paradigm shift towards adoption of electric-powered, energy-efficient and low-carbon transportation is anticipated to fuel the business statistics. Robust deployment of EV charging stations accompanied by continuous technical upgrades and integration of newer and improved built-in features will further propel the industry statistics.

Capability to connect to the power grid and to store additional charge along with its ability to receive and send utility pricing signals will stimulate the DC charging infrastructure market share. These units utilize very high voltage and can charge an EV 50 times faster when compared to the normal domestic socket. Surging demand for fast charging stations owing to its ability to add over 100 miles of range to an EV in just 30 minutes of charging will positively influence the market outlook.

Growing focus towards adoption of vehicles powered by clean energy in accordance with the limiting carbon credits is set to augment the market forecasts

UAE EV Charging Infrastructure Market Value By Charging site

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Public EV charging infrastructure market exceeded USD 8 billion in 2020. Thriving production of EVs due to increasing stringency of environment protection laws following the degrading effects of GHG emissions on health & environment will boost the market statistics. Costly EV technology requiring high maintenance along with the issues accompanying driving range may hamper the product deployment. However, continuous technological upgradation across EV charging infrastructure along with suitable government initiatives including provision of subsidies & incentives will provide substantial impetus to the EV industry.

Increasing need to install efficient charging stations in garages and residential parking areas driven by rising number of EV owners will stimulate the private EV charging infrastructure industry landscape. For instance, level 1 chargers exert low load on electricity grid when compared to other chargers which makes it a viable option for adoption in residential spaces. Implementation of stringent energy efficient building codes along with availability of greater discounts provided by the electric utilities during non-peak hours will further augment the business scenario.

North America EV charging infrastructure market demand is anticipated to grow in consequence of rising consumer awareness towards environment protection

Germany EV Charging Infrastructure Market By Current  

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The U.S. EV charging infrastructure market is anticipated to witness substantial growth as a result of accelerating electric vehicle adoption primarily across California and Pacific Northwest. For instance, as per the U.S. Department of Energy, in 2018, California accounted for over 47% of the nation’s EV population, followed by Washington and Florida. Growing initiation of EV charging infrastructure development projects by several Energy Service Company (ESCOs) functioning across the nation to design, develop, and fund these projects will drive the market share. For instance, in March 2021, the U.S. government announced its plan to invest USD 174 billion to build 0.5 million charging stations by the end of 2030.

Germany market exceeded the installation of over 44 thousand units in 2020. Growing focus of European nations on achieving renewable energy targets primarily after COVID-19 outbreak has resulted in increased production of technically advanced electric vehicles. In addition, rising deployment of public and private charging stations along with implementation of fast charging standards is anticipated to foster the market statistics. Ongoing technological advancements comprising of mobile robot and lamp-post charging along with innovations in battery technology will further enhance the business landscape.

R&D funding along with significant market development will act as a significant point for leading industry participants

Collaborations by the leading industry players in order to capture the growing market traction coupled with rising product penetration across residential and public establishments are set to drive the market trends. Prominent players functioning across the EV charging infrastructure market include Volkswagen, BMW, ABB, RWE, ChargePoint, Siemens, EVBox, Mercedes, Schneider Electric, Renault, Shell, Hyundai, Eaton, Exxon Mobil, EVgo, Volta, ev. energy, Leviton, Tesla, Delta Electronics and Blink amongst others.

EV charging infrastructure market research report includes in-depth coverage of the industry with estimates & forecast in terms of Units and USD from 2021 to 2027, for the following segments:

By Current

  • AC
    • Level 1
    • Level 2
  • DC
    • DC Fast
    • Others

By Charging site

  • Public
  • Private

The above information has been provided for the following regions and country:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Norway
    • Germany
    • France
    • Netherlands
    • UK
    • Austria
    • Belgium
    • Denmark
    • Finland
    • Ireland
    • Luxembourg
    • Sweden
    • Italy
    • Portugal
    • Spain
    • Poland
    • Slovakia
    • Russia
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Vietnam
    • Australia
    • Thailand
    • Philippines
    • Malaysia
    • Indonesia
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Israel
    • South Africa
    • Jordan
  • Latin America
    • Argentina
    • Chile

Frequently Asked Questions (FAQ) :

Electric Vehicle charging infrastructure market was valued at over USD 10 billion in 2020 and will record annual installation of over 10 million units by 2027 owing to increasing consumer inclination towards EVs.
Public EV charging infrastructure segment had surpassed USD 8 billion in 2020 on account of increasing production of EVs due to stringent regulatory scenario pertaining to GHG emissions.
Germany market for EV charging infrastructure had recorded annual installation of over 44 thousand units in 2020 due to increasing focus of European countries on achieving renewable energy.
The overall market will record substantial gains from AC segment owing to increasing deployment across workplaces, supermarkets, homes and parks.

Premium Report Details

  • Published Date: Jun 2021
  • Pages: 445
  • Tables: 859
  • Charts / Figures: 48
  • Companies covered: 36
  • Countries covered: 39

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