5th Floor, Brigade Towers,
Financial District, Gachibowli,
Hyderabad - 500032,
The Electric Vehicle Charging Station Market is Segmented by Vehicle Type (Passenger Vehicles, Commercial Vehicles), Type of Charger (AC Charging Station, DC Charging Station), Application Type (Public, Private), and Geography.
Fastest Growing Market:
The electric vehicle charging station market is expected to record a CAGR of 36.49% during the forecast period, 2020-2025. The electric vehicles (EV) market is witnessing significant growth, owing to the growing environmental concerns and rising demand for sustainable and energy-efficient transportation.
An electric vehicle charging station, also known as EV charging station, ECS (electronic charging station), and EVSE (electric vehicle supply equipment), is an element in an infrastructure, which supplies electric energy for the recharging/charging of plug-in electric vehicles, including electric cars, neighborhood electric vehicles, and plug-in hybrids.
The electric vehicles charging station market is segmented by type of charger, application type, and geography.
|Type of Charger|
|AC Charging Station|
|DC Charging Station|
Report scope can be customized per your requirements. Click here.
The electric vehicle market has witnessed rapid growth in recent years.
As a result of the reasons mentioned above, automakers are continually working and focusing on increasing their expenditure on R&D of electric vehicles, which, in turn, is aiding the OEMs to market electric vehicles in the future.
Governments across the world are pushing the EV envelope to reduce the rising pollution from fuel-powered vehicles.
Thus, the rising trend of electrification of vehicles is expected to propel the demand for electric vehicle charging stations.
To understand key trends, Download Sample Report
Geographically, China is leading the electric vehicle charging station market, followed by Europe. China is the largest market for electric cars and buses across the world, and it sold 872 thousand units of New Energy Vehicles (both passenger and commercial vehicles) for the first nine months in 2019, exhibiting a growth rate of 20.8%.
With the rise in EV sales and demand in the country, the need for fast charging stations has increased to support the rising EVs in the country. China has the most prominent infrastructure for EV charging in the world, with 976,000 charging units (June 2019). On average, there is a monthly addition of 11,025 charging units. Some of the major companies in China involved in the production and installation of charging points are Qindao Teld New Energy, State Grid Corporation Of China, Star Charge, and AnYo Charging.
China’s fleet of electric buses accounts for more than 98% of total electric buses running worldwide. China has a fleet of more than 425,000 electric buses. This high adoption is to the robust municipal framework that many provinces in China have adopted. More than 30 Chinese cities have made plans to achieve 100% electrified public transit by 2020, including Guangzhou, Zhuhai, Dongguan, Foshan, and Zhongshan in the Pearl River Delta, along with Nanjing, Hangzhou, Shaanxi, and Shandong. As of December 2018, nearly 16,000 electric buses were operating in Shenzhen, one of the Chinese megacities. Beijing is all set to achieve its goal to put 10000 electric buses on the road by 2020. Guangzhou ordered 4810 electric buses from the electric bus manufacturer, BYD.
To understand geography trends, Download Sample Report.
Some of the major players in the electric vehicle charging station market are EVgo, ABB, ChargePoint Inc. Siemens AG, Tesla Motors Inc., and SemaConnect Inc.
In 2019, Volkswagen developed a robot charging technology through V2X communication, in which robots move in the parking lots and charging spaces and connect or disconnect the vehicle that requested charging.
LS Power acquired EVgo from Vision Ridge Partners through an agreement signed in December 2019. LS Power is one of the largest power and energy infrastructure owner in the United States, while EVgo is the US's largest electric vehicle fast charging network. EVgo is expected to receive huge capital investment that can expand its already vast charging network.
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Vehicle Type
5.1.1 Passenger Vehicles
5.1.2 Commercial Vehicles
5.2 Type of Charger
5.2.1 AC Charging Station
5.2.2 DC Charging Station
5.3 Application Type
5.4.1 North America
22.214.171.124 United States
126.96.36.199 Rest of North America
188.8.131.52 United Kingdom
184.108.40.206 NORDIC Countries
220.127.116.11 Rest of Europe
18.104.22.168 Rest of Asia-Pacific
5.4.4 Rest of the World
22.214.171.124 South America
126.96.36.199 Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.2 ChargePoint Inc.
6.2.3 Schneider Electric SE
6.2.4 Siemens AG
6.2.5 Tesla Motors Inc.
6.2.6 AeroVironment Inc.
6.2.7 Leviton Manufacturing Co. Inc.
6.2.8 SemaConnect Inc.
6.2.9 The Newmotion BV
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability