Product Code: GVR-1-68038-458-1
Electric Vehicle Charging Infrastructure Market Growth & Trends:
The global electric vehicle charging infrastructure market size is expected to reach USD 144.97 billion by 2028 registering a CAGR of 33.4% from 2021 to 2028, according to a new study conducted by Grand View Research, Inc. The significant market growth is primarily due to the rising number of initiatives undertaken by both public as well as private sectors to encourage the population to switch to EVs. As a result, the demand for EV charging infrastructure is expected to grow significantly. For instance, in the U.S., the Washington State Department of Transportation has partnered with the Oregon Department of Transportation to construct the West Coast Electric Highway (WCEH) that consists of 57 EV charging stations across Oregon and Washington. Similarly, many other governments are jointly developing intra-continental networks of highway charging stations.
Various EV manufacturers, such as Volvo, Kia Motors, Mercedes-Benz, and Ford, are collaborating with the charging infrastructure providers for easy availability of charging stations. For instance, In November 2020, ChargePoint, Inc. announced its partnership with Volvo Car USA LLC to provide a seamless charging experience to the Volvo car drivers. ChargePoint, Inc. will offer Home Flex home chargers, which will enable drivers to charge their cars at home. Moreover, Delta Electronics, Inc.; Enel X; and Ecotap BV are focusing on the development of solar-powered EV charging stations. For instance, under the Honda SmartCharge program, Enel X is currently working on the development of a solar-powered charging station in Hawaii (U.S.) in partnership with the Hawaiian Electric Company, Inc. Furthermore, various companies are working towards upgrading Electric Vehicle Supply Equipment (EVSE) to make them more convenient for long-distance travel. Some of the EV manufacturers, such as Tesla, Inc. and Nissan, are focus
ng on providing compatibility for their electric vehicles for public charging networks. For instance, Nissan in November 2019, announced that buyers of new Nissan LEAF would be able to charge their vehicles across EVgo's charging network that comprises 750 public charging stations.
The demand for EVs has been growing in line with the rising awareness about environmental sustainability and the stringent limits several governments are putting on vehicular emissions. While private companies are focusing on developing innovative EV chargers and charging stations, governments are collaborating with these companies for rolling out EV Charging Infrastructure. In addition, technologies, such as Radio Frequency Identification (RFID) and Near-Field Communication (NFC), have enabled the installation of interactive, kiosk-based, and self-operated charging stations within highway charging stations. Several private organizations are keen on investing in the development of EV charging stations along the highways. All these factors are driving the demand for highway charging stations
Electric Vehicle Charging Infrastructure Market Report Highlights:
- Fast charger is anticipated to be the largest charger type segment over the forecast period owing to the ability to rapidly charge electric vehicles in lesser time compared to conventional AC chargers is the primary factor driving the demand for fast DC chargers
- Combined Charging System (CCS) is anticipated to emerge as the fastest-growing connecter segment over the forecast period owing to rising adoption by automobile manufacturers
- The commercial application segment is anticipated to gain traction owing to the rise in the deployment of fast-charging stations across highways, hotels, shopping malls, and public parking facilities
- North America is estimated to account for the largest revenue share by 2028. Stringent vehicle emission standards and focus on R&D of EVs are some of the major factors driving the market in the North America region
- Various companies are investing heavily in promoting EV charging infrastructure. For instance, in November 2017, BMW, Daimler, Ford, and Volkswagen Group, together announced an investment plan for the development of 400 charging sites across Europe
- Asia Pacific is expected to register the fastest CAGR from 2021 to 2028 due to significant growth in EV sales in the region and extensive deployment of EV chargers in countries, such as China and Japan
Table of Content
Chapter 1 Methodology and Scope
- 1.1 Research Methodology
- 1.2 Research Scope and Assumptions
- 1.3 List of Data Sources
Chapter 2 Executive Summary
- 2.1 Electric Vehicle Charging Infrastructure Market - Industry Snapshot & Key Buying Criteria, 2016 - 2028
- 2.2 Global Electric Vehicle Charging Infrastructure Market, 2016 - 2028
- 2.2.1 Global electric vehicle charging infrastructure market, by region, 2016 - 2028
- 2.2.2 Global electric vehicle charging infrastructure market, by charger type, 2016 - 2028
- 2.2.3 Global electric vehicle charging infrastructure market, by connector, 2016 - 2028
- 2.2.4 Global electric vehicle charging infrastructure market, by application, 2016 - 2028
Chapter 3 Electric Vehicle Charging Infrastructure Industry Outlook
- 3.1 Market Segmentation & Scope
- 3.2 Market Size and Growth Prospects
- 3.3 Electric Vehicle Charging Infrastructure - Value Chain Analysis
- 3.4 Electric Vehicle Charging Infrastructure - Market Dynamics
- 3.4.1 Market driver analysis
- 3.4.1.1 Growing concerns over carbon emissions
- 3.4.1.2 Increasing adoption of electric vehicles
- 3.4.1.3 Government regulations and tax exemptions further promote the adoption of EVs
- 3.4.2 Market restraint analysis
- 3.4.2.1 High costs of setting-up EV infrastructure
- 3.4.2.2 Higher space requirement & uncertainty related to electricity costs
- 3.4.2.3 Emergence of hydrogen fuel cell vehicles
- 3.4.3 Market opportunity analysis
- 3.4.3.1 Declining lithium-ion battery costs
- 3.5 Penetration and Growth Prospect Mapping
- 3.6 Electric Vehicle Charging Infrastructure Market - Company Ranking Analysis 2020
- 3.7 Industry analysis - Porter's five forces analysis
- 3.8 Electric Vehicle Charging Infrastructure - PESTEL Analysis
- 3.9 Original Equipment Manufacturers (OEM) involvement in infrastructure development
- 3.10 Electric Vehicle Charging Infrastructure - Evolving Role Of Utility Companies
- 3.11 Electric Vehicle Charging Infrastructure - Pricing Analysis
- 3.12 Electric Vehicle Charging Infrastructure Market - Case Study
- 3.12.1 Overview
- 3.12.2 Commercial
- 3.12.2.1 Destination charging stations
- 3.12.2.2 Highway charging stations
- 3.12.2.3 Bus charging stations
- 3.12.2.4 Fleet charging stations
- 3.12.2.5 Other charging stations
- 3.12.3 Residential
- 3.12.3.1 Private houses
- 3.12.3.2 Apartments
- 3.13 Electric Vehicle Charging Infrastructure - COVID-19 impact analysis
Chapter 4 Electric Vehicle Charging Infrastructure Charger Type Outlook
- 4.1 Electric Vehicle Charging Infrastructure Market Share, By Charger Type, 2020
- 4.2 Slow Charger
- 4.2.1 Slow charger in electric vehicle charging infrastructure market, 2016 - 2028 (USD Million, Units)
- 4.2.2 Slow charger in electric vehicle charging infrastructure market, by region, 2016 - 2028 (USD Million, Units)
- 4.3 Fast Charger
- 4.3.1 Fast charger in electric vehicle charging infrastructure market, 2016 - 2028 (USD Million, Units)
- 4.3.2 Fast charger in electric vehicle charging infrastructure market, by region, 2016 - 2028 (USD Million, Units)
Chapter 5 Electric Vehicle Charging Infrastructure Connector Outlook
- 5.1 Electric Vehicle Charging Infrastructure Market Share, By Connector, 2020
- 5.2 CHAdeMO
- 5.2.1 CHAdeMO in electric vehicle charging infrastructure market, 2016 - 2028 (USD Million, Units)
- 5.2.2 CHAdeMO in electric vehicle charging infrastructure market, by region, 2016 - 2028 (USD Million, Units)
- 5.3 Combined Charging System (CCS)
- 5.3.1 Combined Charging System (CCS) in electric vehicle charging infrastructure market, 2016 - 2028 (USD Million, Units)
- 5.3.2 Combined Charging System (CCS) in electric vehicle charging infrastructure market, by region, 2016 - 2028 (USD Million, Units)
- 5.4 Others
- 5.4.1 Other connectors in electric vehicle charging infrastructure market, 2016 - 2028 (USD Million, Units)
- 5.4.2 Other connectors in electric vehicle charging infrastructure market, by region, 2016 - 2028 (USD Million, Units)
Chapter 6 Electric Vehicle Charging Infrastructure Application Outlook
- 6.1 Electric Vehicle Charging Infrastructure Market Share, By Application, 2020
- 6.2 Commercial
- 6.2.1 Electric vehicle charging infrastructure market in commercial application, 2016 - 2028 (USD Million, Units)
- 6.2.2 Electric vehicle charging infrastructure market in commercial application, by region, 2016 - 2028 (USD Million, Units)
- 6.3 Residential
- 6.3.1 Electric vehicle charging infrastructure market in residential application, 2016 - 2028 (USD Million, Units)
- 6.3.2 Electric vehicle charging infrastructure market in residential application, by region, 2016 - 2028 (USD Million, Units)
Chapter 7 Electric Vehicle Charging Infrastructure Regional Outlook
- 7.1 Electric Vehicle Charging Infrastructure Market Share, By Region, 2020
- 7.2 North America
- 7.2.1 North America electric vehicle charging infrastructure market, 2016 - 2028 (USD Million, Units)
- 7.2.2 North America electric vehicle charging infrastructure market, by charger type, 2016 - 2028
- 7.2.3 North America electric vehicle charging infrastructure market, by connector, 2016 - 2028
- 7.2.4 North America electric vehicle charging infrastructure market, by application, 2016 - 2028
- 7.2.5 The U.S.
- 7.2.5.1 The U.S. electric vehicle charging infrastructure market, 2016 - 2028
- 7.2.5.2 The U.S. electric vehicle charging infrastructure market, by charger type, 2016 - 2028
- 7.2.5.3 The U.S. electric vehicle charging infrastructure market, by connector, 2016 - 2028
- 7.2.5.4 The U.S. electric vehicle charging infrastructure market, by application, 2016 - 2028
- 7.2.6 Canada
- 7.2.6.1 Canada electric vehicle charging infrastructure market, 2016 - 2028
- 7.2.6.2 Canada electric vehicle charging infrastructure market, by charger type, 2016 - 2028
- 7.2.6.3 Canada electric vehicle charging infrastructure market, by connector, 2016 - 2028
- 7.2.6.4 Canada electric vehicle charging infrastructure market, by application, 2016 - 2028
- 7.3 Europe
- 7.3.1 Europe electric vehicle charging infrastructure market, 2016 - 2028
- 7.3.2 Europe electric vehicle charging infrastructure market, by charger type, 2016 - 2028
- 7.3.3 Europe electric vehicle charging infrastructure market, by connector, 2016 - 2028
- 7.3.4 Europe electric vehicle charging infrastructure market, by application, 2016 - 2028
- 7.3.5 The Netherlands
- 7.3.5.1 The Netherlands electric vehicle charging infrastructure market, 2016 - 2028
- 7.3.5.2 The Netherlands electric vehicle charging infrastructure market, by charger type, 2016 - 2028
- 7.3.5.3 The Netherlands electric vehicle charging infrastructure market, by connector, 2016 - 2028
- 7.3.5.4 The Netherlands electric vehicle charging infrastructure market, by application, 2016 - 2028
- 7.3.6 The U.K.
- 7.3.6.1 The U.K. electric vehicle charging infrastructure market, 2016 - 2028
- 7.3.6.2 The U.K. electric vehicle charging infrastructure market, by charger type, 2016 - 2028
- 7.3.6.3 The U.K. electric vehicle charging infrastructure market, by connector, 2016 - 2028
- 7.3.6.4 The U.K. electric vehicle charging infrastructure market, by application, 2016 - 2028
- 7.3.7 France
- 7.3.7.1 France electric vehicle charging infrastructure market, 2016 - 2028
- 7.3.7.2 France electric vehicle charging infrastructure market, by charger type, 2016 - 2028
- 7.3.7.3 France electric vehicle charging infrastructure market, by connector, 2016 - 2028
- 7.3.7.4 France electric vehicle charging infrastructure market, by application, 2016 - 2028
- 7.3.8 Norway
- 7.3.8.1 Norway electric vehicle charging infrastructure market, 2016 - 2028
- 7.3.8.2 Norway electric vehicle charging infrastructure market, by charger type, 2016 - 2028
- 7.3.8.3 Norway electric vehicle charging infrastructure market, by connector, 2016 - 2028
- 7.3.8.4 Norway electric vehicle charging infrastructure market, by application, 2016 - 2028
- 7.3.9 Germany
- 7.3.9.1 Germany electric vehicle charging infrastructure market, 2016 - 2028
- 7.3.9.2 Germany electric vehicle charging infrastructure market, by charger type, 2016 - 2028
- 7.3.9.3 Germany electric vehicle charging infrastructure market, by connector, 2016 - 2028
- 7.3.9.4 Germany electric vehicle charging infrastructure market, by application, 2016 - 2028
- 7.4 Asia Pacific
- 7.4.1 Asia Pacific electric vehicle charging infrastructure market, 2016 - 2028
- 7.4.2 Asia Pacific electric vehicle charging infrastructure market, by charger type, 2016 - 2028
- 7.4.3 Asia Pacific electric vehicle charging infrastructure market, by connector, 2016 - 2028
- 7.4.4 Asia Pacific electric vehicle charging infrastructure market, by application, 2016 - 2028
- 7.4.5 China
- 7.4.5.1 China electric vehicle charging infrastructure market, 2016 - 2028
- 7.4.5.2 China electric vehicle charging infrastructure market, by charger type, 2016 - 2028
- 7.4.5.3 China electric vehicle charging infrastructure market, by connector, 2016 - 2028
- 7.4.5.4 China electric vehicle charging infrastructure market, by application, 2016 - 2028
- 7.4.6 Japan
- 7.4.6.1 Japan electric vehicle charging infrastructure market, 2016 - 2028
- 7.4.6.2 Japan electric vehicle charging infrastructure market, by charger type, 2016 - 2028
- 7.4.6.3 Japan electric vehicle charging infrastructure market, by connector, 2016 - 2028
- 7.4.6.4 Japan electric vehicle charging infrastructure market, by application, 2016 - 2028
- 7.4.7 South Korea
- 7.4.7.1 South Korea electric vehicle charging infrastructure market, 2016 - 2028
- 7.4.7.2 South Korea electric vehicle charging infrastructure market, by charger type, 2016 - 2028
- 7.4.7.3 South Korea electric vehicle charging infrastructure market, by connector, 2016 - 2028
- 7.4.7.4 South Korea electric vehicle charging infrastructure market, by application, 2016 - 2028
Chapter 8 Competitive Landscape
- 8.1 Recent Developments and Impact Analysis, by Key Market Participants
- 8.2 Competitive Dashboard Analysis
- 8.3 Company Market Positioning Analysis
- 8.4 List of key emerging companies/technology disruptors/innovators
- 8.5 Company Geographical Presence
Chapter 9 Competitive Profiles
- 9.1 AeroVironment Inc.
- 9.1.1 Company overview
- 9.1.2 Financial performance
- 9.1.3 Product benchmarking
- 9.1.4 Strategic initiatives
- 9.2 ABB
- 9.2.1 Company overview
- 9.2.2 Financial performance
- 9.2.3 Product benchmarking
- 9.2.4 Strategic initiatives
- 9.3 BP Chargemaster
- 9.3.1 Company overview
- 9.3.2 Financial performance
- 9.3.3 Product benchmarking
- 9.3.4 Strategic initiatives
- 9.4 ChargePoint, Inc.
- 9.4.1 Company overview
- 9.4.2 Financial performance
- 9.4.3 Product benchmarking
- 9.4.4 Strategic initiatives
- 9.5 ClipperCreek
- 9.5.1 Company overview
- 9.5.2 Financial performance
- 9.5.3 Product benchmarking
- 9.5.4 Strategic initiatives
- 9.6 Eaton
- 9.6.1 Company overview
- 9.6.2 Financial performance
- 9.6.3 Product benchmarking
- 9.6.4 Strategic initiatives
- 9.7 GENERAL ELECTRIC
- 9.7.1 Company overview
- 9.7.2 Financial performance
- 9.7.3 Product benchmarking
- 9.7.4 Strategic initiatives
- 9.8 Leviton Manufacturing Co., Inc.
- 9.8.1 Company overview
- 9.8.2 Financial performance
- 9.8.3 Product benchmarking
- 9.8.4 Strategic initiatives
- 9.9 SemaConnect, Inc.
- 9.9.1 Company overview
- 9.9.2 Financial performance
- 9.9.3 Product benchmarking
- 9.9.4 Strategic initiatives
- 9.10 Schneider Electric
- 9.10.1 Company overview
- 9.10.2 Financial performance
- 9.10.3 Product benchmarking
- 9.10.4 Strategic initiatives
- 9.11 Siemens
- 9.11.1 Company overview
- 9.11.2 Financial performance
- 9.11.3 Product benchmarking
- 9.11.4 Strategic initiatives
- 9.12 Tesla, Inc.
- 9.12.1 Company overview
- 9.12.2 Financial performance
- 9.12.3 Product benchmarking
- 9.12.4 Strategic initiatives
- 9.13 Webasto
- 9.13.1 Company overview
- 9.13.2 Financial performance
- 9.13.3 Product benchmarking
- 9.13.4 Strategic initiatives
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