EV Charging Infrastructure Market Statistics 2027
The global Electric Vehicle Charging Infrastructure market size is projected to reach US$ 27690 million by 2027, from US$ 10000 million in 2020, at a CAGR of 18.5% during 2021-2027.
Major Trends in EV Charging Infrastructure Market
The rising levels of carbon emissions and other hazardous pollutants from ICE vehicles have necessitated the use of electric vehicles. The rise in the number of electric vehicles is expected to drive the growth of the EV charging infrastructure market.
The global Electric Vehicle Charging Infrastructure market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global
Electric Vehicle Charging Infrastructure market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type, and by Application for the period 2016-2027.
EV Charging Infrastructure Market Trends
The increasing demand for EVs coupled with government initiatives is expected to drive the growth of the EV charging infrastructure market. 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. Private companies are focusing on developing innovative EV chargers and charging stations, and governments are collaborating with these companies for rolling out EV Charging Infrastructure.
Furthermore, technologies such as RFID and NFC have permitted the installation of interactive, kiosk-based, and self-operated charging stations within highway charging stations. Such technological advancements are expected to boost the growth of the EV charging infrastructure market.
The standardization of charging stations connectors is expected to further boost the EV charging infrastructure market growth. For EV drivers, range anxiety is a significant worry due to battery capacity limitations. Advancements like fast-charging stations will benefit drivers by increasing the availability of compatible power sources to replenish their batteries.
The major regions covered in the report are North America, Europe, Asia-Pacific, South America, Middle East & Africa, etc. The report has specifically covered major countries including U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc. It includes revenue and volume analysis of each region and their respective countries for the forecast years. It also contains country-wise volume and revenue from the year 2016 to 2021. Additionally, it provides the reader with accurate data on volume sales according to the consumption for the same years.
EV Charging Infrastructure Market Segment Review
The commercial segment is expected to be the most lucrative during the forecast period owing to the initiatives and allocation of funding by the governments and automobile manufactures for expanding the public Electric Vehicle Charging Infrastructure. Several public transportation authorities are also collaborating with automobile manufacturers to create charging stations for electric buses.
North America is expected to be the most lucrative segment during the forecast period. This dominance of North America is attributed to the stringent vehicle emission standards and focus on the R&D of EV charging stations.
EV Charging Infrastructure Market by Product Type
- Alternating Current (AC) Charger
- Direct Current (DC) Charger
EV Charging Infrastructure Market by Application
Major Players in the EV Charging Infrastructure Market
- ChargePoint, Inc.
- AeroVironment Inc.
- Chargemaster Plc
- General Electric
- Leviton Manufacturing Co., Inc.
- Eaton Corporation
- SemaConnect, Inc.
- Tesla Motors, Inc.
- Schneider Electric
- ABB
- Siemens AG
- ClipperCreek, Inc
- Delphi Automotive LLP
Scope of the EV Charging Infrastructure Market Report
| Report Metric |
Details |
| Report Name |
EV Charging Infrastructure Market |
| The market size in 2020 |
USD 10000 Million |
| The revenue forecast in 2027 |
USD 27690 Million |
| Growth Rate |
CAGR of 18.5% from 2021 to 2027 |
| Market size available for years |
2021-2027 |
| Forecast units |
Value (USD) |
| Segments covered |
Type, End-User, Offerings, and Region |
| Report coverage |
Revenue & volume forecast, company share, competitive landscape, growth factors, and trends |
| Geographic regions covered |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
Frequently Asked Questions About This Report
1. How big is the EV charging infrastructure market?
Ans. The global ev charging infrastructure market size is projected to reach US$ 27690 million by 2027, from US$ 10000 million in 2020, at a CAGR of 18.5% during 2021-2027.
2. What are the market drivers in the global EV charging infrastructure market?
Ans. The rising levels of carbon emissions and other hazardous pollutants from ICE vehicles have necessitated the use of electric vehicles.
3. Which region dominated in the global EV charging infrastructure market share?
Ans. North America is expected to be the most lucrative segment during the forecast period.
4. Which is the most influencing segment growing in the global EV charging infrastructure market report?
Ans. The commercial segment is expected to be the most lucrative during the forecast period
5. What would be the forecast period in the EV charging infrastructure market report?
Ans. The forecast period for the EV charging infrastructure market is 2021 to 2027
6. Who are the top companies hold the market share in the EV charging infrastructure market?
Ans. The major vendors operating in the ev charging infrastructure market include ChargePoint, Inc. AeroVironment Inc. Chargemaster Plc, General Electric, Leviton Manufacturing Co., Inc., Eaton Corporation, SemaConnect, Inc. Tesla Motors, Inc. Schneider Electric, ABB, Siemens AG, ClipperCreek, Inc, Delphi Automotive LLP
