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Electric Vehicle Charging Station - Global Market Outlook (2020-2028)

Electric Vehicle Charging Station - Global Market Outlook (2020-2028)

4.5 (65 reviews)
Published: May 2021 ID: SMRC20528
4.5 (65 reviews)
Published: May 2021 ID: SMRC20528

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Electric Vehicle Charging Station market is accounted for $48.92 billion in 2020 and is expected to reach $228.40 billion by 2028 growing at a CAGR of 21.2% during the forecast period. Environmental pollution treated as an alarming issue and increasing vehicle range per charge are the factors driving the market growth. However, the lack of standardization in charging infrastructure is restraining the market growth.

 

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An electric recharge point that supplies electric energy for the recharging of electric vehicles such as battery-electric cars, plug-in hybrid vehicles, electric buses, and other electric vehicles is known as an electric vehicle charging station. It is also known as electric vehicle supply equipment (EVSE) and can be installed simply by plugging it into a standard wall outlet.

Based on charging point type, DC (direct current) electric vehicle (EV) charging station/supercharging station segment accounted for considerable market share during the forecast period as the superchargers have lower charging time compared to normal charging stations and can charge EV’s in around 30 mins depending on battery specifications. These charging stations may be the most used charging type in the long run.

By geography, Asia Pacific held the largest market share during the forecast period as large scale growth of the EV charging network in China, is growing demand for affordable electric vehicles for daily use, and governments promoting electric vehicles. China’s rapid growth of the economy due to these electric vehicles is driving the expansion of advanced technologies to improve electrification in the country.

Some of the key players profiled in the Electric Vehicle Charging Station Market include ABB, BP Pulse, ChargePoint Inc., Efacec, EV Solutions (Webasto), Evbox (ENGIE), Evgo (Acquired by L.S. Power), Leviton Manufacturing Co. Inc., Qingdao Tgood Electric Co. Ltd, Schneider Electric SE, SemaConnect Inc., Siemens AG, Star Charge, Tesla Motors Inc, The State Grid Corporation of China (SGCC).
 
Components Covered:
• Hardware
• Software

Charging Point Types Covered:
• Inductive Charging
• Slow/Moderate Charger
• AC (Alternative Current) Electric Vehicle (EV) Charging Station/Normal Charging
• DC (Direct Current) Electric Vehicle (EV) Charging Station/Super Charging Station

Charging Infrastructure Types Covered:
• Combined Charging System (CCS)
• CHAdeMO (CHArge de Move)
• Tesla Super Charger
• Type 2 (IEC 621196)
• Type 1 (SAE J1772)
• Guobiao Standard (GB/T)

Vehicle Types Covered:
• Battery Electric Vehicle (BEV) 
• Commercial Vehicles 
• Electric Bike 
• Electric Vehicle (EV) Passenger Vehicles 
• Heavy Delivery Vans 
• Hybrid Electric Vehicle (HEV) 

Electric Bus Charging Types Covered:
• Off-Board Top-Down Pantograph
• On-Board Bottom-Up Pantograph
• Charging Via Connector 

Mode of Charging Covered:
• Plug-in Charging Stations
• Wireless Charging Stations

Installation Types Covered:
• Apartments
• Fixed Charger
• Home Charging Stations
• Individual Houses
• Portable Charger

Power Outputs Covered:
• <11KW
• 11KW-50KW
• >50KW

Direct Current (DC) Fast Charging Covered:
• Fast Charging
• Ultra Fast Charging

Supplier Types Covered:
• OE (Original Equipment) Charging Station
• Private Charging Station
• Public Charging Stations

End Users Covered:
• Commercial
• Non-Commercial

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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