New York, United States, Jan. 04, 2023 (GLOBE NEWSWIRE) — Facts and Factors has published a new research report titled “Electric Vehicle Charging Station Market By Level of Charging (Level 1, Level 2 & Level 3) By Charging Infrastructure (Normal Charge, Type-2, CCS, CHAdeMO and Tesla Supercharger), By Application (Commercial, and Residential) and by Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2023 – 2028” in its research database.
“According to the most recent research study, the demand of global Electric Vehicle Charging Station Market Size & Share was valued at approximately USD 18.22 billion in 2023 and is projected to reach a value of around USD 115 billion by 2028, at a compound annual growth rate (CAGR) of about 35% during the forecast period 2023 to 2028.”
The development of the Electric Vehicle Charging Station Market was largely driven by the increasing R&D globally. However, the COVID circumstances and the economic downturn have changed the market statistics for the whole world. This is a dedicated and very detailed report about the primary and secondary drivers of the electric vehicle charging station market, as well as production, market share, leading segments, and geographic analysis (such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa.)
What is Electric Vehicle Charging Station? How big is the Electric Vehicle Charging Station Market?
- Market Overview & Coverage:
The adoption rate and interest in EVs (Electric Vehicles) is increasing among consumers across the world. Increasing investment in battery systems and high stakes in environment-friendly technology is driving the interest of automakers in electric vehicles. Moreover, governments of the countries are devising policies to increase the adoption rate of the EV.
However, if we forecast the expected EV growth rate with corresponding units of electricity and average run time of vehicles, it is observed that high investments in EV charging stations are essential. This charging infrastructure can be built at home, offices, and in public spaces.
Request Your Free Sample Report of the Global Electric Vehicle Charging Station Market @ https://www.fnfresearch.com/sample/electrical-vehicle-charging-station-market
(The free sample of this report is readily available on request).
Our Free Sample Report Includes:
- 2023 Updated Report Introduction, Overview, and In-depth industry analysis
- COVID-19 Pandemic Outbreak Impact Analysis Included
- 225+ Pages Research Report (Inclusion of Updated Research)
- Provide Chapter-wise guidance on Request
- 2023 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
- Includes Updated List of tables & figures
- Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis
- Facts and Factors research methodology
(Note: The sample of this report is updated with COVID-19 impact analysis before delivery)
Industry Major Market Players
- ChargePoint Inc.
- ABB
- bpChargemaster
- Webasto Thermo & Comfort
- Shell International B.V.
- Schneider Electric
- Blink Charging Co.
- Groupe Renault
- Phihong USA Corp.
- EV Safe Charge Inc.
- Eaton.
- Tata Power.
- Tesla
- SemaConnect Inc.
- Daimler AG.
- Siemens
- EVgo Services LLC.
- ENGIE EV Solutions
Key questions answered in this report:
- What is the size of the electric vehicle charging station market and what is its expected growth rate?
- What are the primary driving factors that push the Electric Vehicle Charging Station Market forward?
- What are the Electric Vehicle Charging Station Industry’s top companies?
- What are the different categories that the Electric Vehicle Charging Station Market caters to?
- What will be the fastest-growing segment or region?
- In the value chain, what role do essential players play?
- What is the procedure for getting a free copy of the Electric Vehicle Charging Station Market sample report and company profiles?
Key Offerings:
- Market Size & Forecast by Revenue | 2023−2028
- Market Dynamics – Key Trends, Growth Drivers, Restraints, and Investment Opportunities
- Market Segmentation – A comprehensive analysis by Level of Charging, by Charging Infrastructure, by Application, and by Region
- Competitive Landscape – Major Key Players and Other Prominent Vendors
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https://www.fnfresearch.com/buynow/su/electrical-vehicle-charging-station-market
Global Electric Vehicle Charging Station Market: Growth Factors
- High Demand from EV Fleet Operators for Charging Infrastructure
The important driving factor for the growth of the market is the potential market of providing charging services to EV fleet operators. It assists in reducing the managing and procuring cost of charging services.
Assuming widespread EV adoption and increased growth opportunities for the fleet operators will converge and increase the demand for charging infrastructure in the forecast period. However, one of the major challenges for the charging station operator is the reduction in the time of charging the vehicle.
Global Electric Vehicle Charging Station Market: Report Scope
| Report Attribute | Details |
| Market Size in 2023 | USD 18.22 billion |
| Projected Market Size in 2028 | USD 115 billion |
| CAGR Growth Rate | 35% CAGR |
| Base Year | 2020 |
| Forecast Years | 2023-2028 |
| Key Market Players | ChargePoint, Inc., ABB, bpChargemaster, Webasto Thermo & Comfort, Shell International B.V., Schneider Electric, Blink Charging Co., Groupe Renault, Phihong USA Corp., EV Safe Charge Inc., Eaton., Tata Power., Tesla, SemaConnect, Inc., Daimler AG., Siemens, EVgo Services LLC., ENGIE EV Solutions |
| Key Segment | By Level of Charging, By Charging Infrastructure, By Application, and By Region |
| Major Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
| Purchase Options | Request customized purchase options to meet your research needs. Explore purchase options |
Electric Vehicle Charging Station Market: Segmentation Analysis
The global electric vehicle charging station market is segregated based on the charging level as level 1, Level 2 & Level 3. By charging infrastructure the market is divided as normal charge, type-2, ccs, chademo, and tesla supercharger. By application, the market is bifurcated as commercial, and residential.
The commercial segment is likely to grow by higher CAGR as a result of government funding to create robust charging infrastructure and automobile companies investing in charging stations.
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Regional Dominance:
- APAC Region Projected To Dominate Global Electric Vehicle Charging Station Market Growth
The largest market is expected to be the Asia Pacific. During the forecast period, the Asia Pacific market is expected to be driven by the large-scale growth of EV charging networks in China, increasing demand for affordable electric vehicles for everyday use, and governments supporting electric vehicles. China’s rapidly expanding economy is propelling the country’s electrification.
The governments of Japan and Korea have both announced plans to significantly increase the number of electric vehicle charging stations in their respective countries in the coming years. The Indian government has also announced plans to build 69,000 electric vehicle charging stations across the country as part of its first phase of EV infrastructure expansion, with a demand of 4 to 6 lakh charging stations anticipated by 2028.
Browse the full “Electric Vehicle Charging Station Market By Level of Charging (Level 1, Level 2 & Level 3) By Charging Infrastructure (Normal Charge, Type-2, CCS, CHAdeMO and Tesla Supercharger), By Application (Commercial, and Residential) and by Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2023 – 2028” Report at https://www.fnfresearch.com/electrical-vehicle-charging-station-market
The global electric vehicle charging station market is segmented into:
Global Electric Vehicle Charging Station Market: By Level of Charging Segment Analysis
- Level 1
- Level 2
- Level 3
Global Electric Vehicle Charging Station Market: By Charging Infrastructure Segment Analysis
- Normal Charge
- Type-2
- CCS
- CHAdeMO
- Tesla Supercharger
Global Electric Vehicle Charging Station Market: By Application Segment Analysis
- Commercial
- Residential
Key Insights from Primary Research
- As per the analysis shared by our primary respondents, the electric vehicle charging station market is expected to grow annually at a CAGR of around 35%.
- Through the primary research, it was established that the electric vehicle charging station market was valued at around USD 18.22 billion in 2023and expected to grow by reaching USD 115 billion by 2028.
- On the basis of region, the “APAC” region will be the leading revenue generator by 2028.
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