Electric Vehicle Charging Infrastructure Market Report Overview
Maximise Market Research has issued papers to help clients understand the landscape of the Electric Vehicle Charging Infrastructure Market in which they compete. The research provides market insights to help clients understand future demand for their product and the Electric Vehicle Charging Infrastructure’s competitiveness. The Electric Vehicle Charging Infrastructure market overview provides detailed information on the market’s size, trade data, key players, and several market metrics such as life cycle, trends, and so on.
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Electric Vehicle Charging Infrastructure Market Growth:
Electric Vehicle Charging Infrastructure Market size was valued at USD 21.45 Billion in 2023 and the total Electric Vehicle Charging Infrastructure Market revenue is expected to grow at a CAGR of 29.75% from 2024 to 2030, reaching nearly USD 132.82 Billion.
Electric Vehicle Charging Infrastructure Market Report Scope and Research Methodology
The Electric Vehicle Charging Infrastructure market report delves into the importance of segments and regional markets, based on factors like market size and growth rate. A comprehensive overview of all segments and regions is outlined within the report. An in-depth analysis of projected statistics, significant developments, and revenue is encompassed in the Electric Vehicle Charging Infrastructure market report. It also entails a thorough examination of the key strategies employed by leading market players to enhance business growth on a global scale while maintaining a competitive edge. The research on the Electric Vehicle Charging Infrastructure market encompasses an evaluation of production, consumption, revenue, market share, and growth rates across the following regions: North America, Europe, Asia-Pacific, South America, the Middle East, and Africa. The application of SWOT analysis offers insights into the strengths and weaknesses of the Electric Vehicle Charging Infrastructure market.
Market Dynamics:
The number of electric vehicle charging stations is increasing – The rapidly growing electric car charging infrastructure market is driving advancements in electric vehicle technology and infrastructure. Electric vehicles offer a lot of benefits, including reduced fuel use and pollution from vehicle engines, which is driving rising global demand for them. As a result, demand for electric vehicle charging infrastructure is expected to increase, propelling the industry forward. Charging stations are being built quickly as part of government incentive programmes, and electric vehicle manufacturers are working together to create charging stations in parking lots. To increase electric vehicle sales, electric car makers are focusing on the creation of charging stations that look like petrol pumps.
Electric Vehicle Charging Infrastructure Market Regional Insights:
The report is segmented into several key countries, with market size, growth rate, import and export of EV Connectors market in these countries, which covering North America, U.S., Canada, Mexico, Europe, UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and Middle East and Africa.
Electric Vehicle Charging Infrastructure Market Segmentation:
by Charger Type
Slow Charger
Fast Charger
The market is split into two types of chargers: slow chargers and fast chargers. In 2023, the fast charger category dominated the market, accounting for more than 92% of total sales. The high demand for rapid chargers at commercial stations was mentioned as the cause for the hike. The vast majority of businesses have installed Level 1 DC fast chargers or Level 2 AC charging stations, which can charge an electric vehicle in 4 to 6 hours. In addition, as part of their efforts to raise awareness about their electric vehicles, automakers are focusing on installing EV charging stations for their employees. The construction of 100 Level 2 EV charging stations in the parking lots of General Motors Company’s Detroit facility,
by Connector Type
CHAdeMO
Combined Charging System (CCS)
Others
The market is split by connector type, which includes CHAdeMO, Combined Charging System (CCS), and others. In 2023, the CHAdeMO connection category had a significant market share of more than 30%. This is due to its compatibility with a wide range of EVs (including BMW, GM, and VW, among others), as well as its simplicity of use. It also provides additional design flexibility in EVs because it only requires one charging port, whereas CHAdeMO connectors require two charging ports due to their inability to support AC charging. Furthermore, the current CHAdeMO connectors can generate 62.5 kW of DC and comply with the Japan Electric Vehicle Standard.
by Application
Commercial
Residential
The electric car charging infrastructure market is divided into two segments based on application: commercial and residential. The commercial sector accounted for over 84% of total revenue in 2023, owing to government initiatives and funding allocations by automobile manufacturers for the construction of public EVCI infrastructure. Overnight charging or charging at home are insufficient for long-distance travel, hence public infrastructure expansion is essential. Several public transportation authorities are also working with vehicle manufacturers to provide electric bus charging stations. For example, TRAFIKSELSKABET MOVIA signed an agreement with Siemens to install top-down pantograph electric bus charging stations for 45 municipalities, including the City of Copenhagen and Region Zealand.
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Electric Vehicle Charging Infrastructure Market Key Players:
North America Electric Vehicle Charging Infrastructure Market:
1. AeroVironment, Inc. – (United States)
2. ChargePoint, Inc. – (United States)
3. SemaConnect, Inc. – (United States)
4. ClipperCreek, Inc. – (United States)
5. Tesla Motors, Inc. – (United States)
6. General Electric Company – (United States)
7. Leviton Manufacturing Co., Inc. – (United States)
8. EVgo – (United States)
9. Blink Network – (United States)
10. Greenlots – (United States)
Europe Electric Vehicle Charging Infrastructure Market:
1. ABB Group – (Switzerland)
2. Elektromotive Limited – (United Kingdom)
3. Schneider Electric SE – (France)
4. Chargemaster Plc – (United Kingdom)
5. Delphi Automotive LLP – (United Kingdom)
6. Eaton Corporation – (Ireland)
7. Siemens AG – (Germany)
8. Engie – (France)
9. Pod Point Ltd. – (United Kingdom)
10. NewMotion – (Netherlands)
Asia Pacific Electric Vehicle Charging Infrastructure Market:
1. BYD Company – (China)
2. Efacec Electric Mobility – (Portugal)
3. Delta Electronics, Inc. – (Taiwan)
4. TGOOD Global Ltd. – (China)
Table of Content: Electric Vehicle Charging Infrastructure Market
Part 01: Executive Summary
Part 02: Scope of the Electric Vehicle Charging Infrastructure Market Report
Part 03: Electric Vehicle Charging Infrastructure Market Landscape
Part 04: Electric Vehicle Charging Infrastructure Market Sizing
Part 05: Electric Vehicle Charging Infrastructure Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
Key questions answered in the Electric Vehicle Charging Infrastructure Market are:
- What are the Electric Vehicle Charging Infrastructure Market segments?
- Which Electric Vehicle Charging Infrastructure market segment is expected to grow rapidly during the forecast period?
- What is the expected CAGR of the Electric Vehicle Charging Infrastructure market during the forecast period?
- Who are the top players in the Electric Vehicle Charging Infrastructure industry?
- Which region is expected to grow at a high CAGR during the forecast period?
- Which region held the largest Electric Vehicle Charging Infrastructure market share in 2024?
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Key Offerings:
- Market Overview
- Market Share
- Market Size
- Forecast by Revenue | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by segments, sub-segments and region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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