France Electric Vehicle Charging Equipment Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 117.98 Thousand units |
| Market Volume (2029) | 330.71 Thousand units |
| CAGR (2024 - 2029) | 22.89 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
France Electric Vehicle Charging Equipment Market Analysis
The France Electric Vehicle Charging Equipment Market size is estimated at 117.98 Thousand units in 2024, and is expected to reach 330.71 Thousand units by 2029, at a CAGR of 22.89% during the forecast period (2024-2029).
- Over the medium term, increasing adoption of electric vehicles and related investments and rising subsidies and incentives for electric vehicles across the region are expected to drive the demand for the electric vehicle charging equipment market during the forecast period.
- On the other hand, the high cost of Setting up EV charging stations can significantly restrain the growth of the electric vehicle charging equipment market.
- Nevertheless, innovations in charging technology, such as fast and ultra-fast chargers and the development of smart charging infrastructure that integrates with grid management systems, creates new opportunities in the electric vehicle charging equipment market in the near future.
France Electric Vehicle Charging Equipment Market Trends
Increasing Adoption of Electric Vehicles and Related Investments drives the Market
- France is witnessing a notable uptick in electric vehicle (EV) adoption, propelling the growth of its EV charging equipment market. As one of the world's top EV producers, France is pivoting towards clean energy, with electric vehicles taking center stage in corporate focus. Over recent years, EV sales in the nation have surged dramatically.
- For instance, the International Energy Agency (IEA) reported that in 2023, France sold 0.47 million electric vehicles, marking a 38.2% increase from 2022. Projections indicate a continued significant rise in EV sales in the region.
- Regional governments have rolled out a suite of policies and incentives to champion electric vehicles. These initiatives have bolstered the demand for EV charging infrastructure and equipment. Moreover, the government has set ambitious targets, aiming to quadruple EV sales in the coming years.
- For example, in May 2024, the government inked a deal with top car manufacturers, setting an interim target of 800,000 electric vehicle sales by 2027, a leap from 200,000 in 2022. Additionally, the government allocated 1.5 billion euros (USD 1.6 billion) to bolster EV production and purchases through diverse programs. Such commitments are poised to not only boost EV production and demand but also elevate the need for charging infrastructure and equipment in the forecast period.
- Moreover, the transition to electric vehicles plays a pivotal role in meeting net-zero carbon emission goals. Major companies in the region are actively investing and launching projects to amplify EV production in the country.
- For instance, BYD Company, a prominent Chinese EV manufacturer, declared in June 2024 its plans to establish an EV production facility in France, set to commence operations by the end of next year. This facility will focus on rolling out plug-in hybrid vehicles (PHEVs) in the country. Such endeavors are anticipated to bolster EV production and subsequently heighten the demand for charging infrastructure.
- In conclusion, these concerted efforts and initiatives are set to amplify EV production in France, driving up the demand for EV charging infrastructure and equipment in the coming years.
Public Charging Application Witness Significant Growth
- France's growing adoption of electric vehicles (EVs) is reshaping its public charging infrastructure and spurring innovations in EV charging equipment. As the public charging network expands, so does the market for EV charging equipment.
- France boasts a prominent position in Europe's EV charging landscape. According to the International Energy Agency (IEA), France had 118,000 electric vehicle charging points (both slow and fast) in 2023, marking a 40.9% increase from 2022 and nearly a threefold surge since 2019. With the escalating demand for EVs and their infrastructure, France is set to further amplify its charging points in the coming years.
- Through various government initiatives, France has been a strong advocate for electric vehicle (EV) adoption, influencing both the public charging infrastructure and the EV charging equipment market. The government has unveiled multiple initiatives aimed at boosting public charging points nationwide in the upcoming years.
- For example, in October 2023, the French government committed EUR 200 million (USD 216 million) to bolster electric car charging stations. With a target of 400,000 public charging terminals by 2030, the EUR 200 million initiative focuses on fast-charging stations and installations in both public and commercial venues. Such ambitious targets and initiatives are poised to elevate public charging points and amplify the demand for EV charging equipment in the region during the forecast period.
- In addition, the government is partnering with top organizations in EV charging infrastructure development to proliferate charging points nationwide. Responding to this surging demand, several companies have rolled out their initiatives.
- For instance, in November 2023, EVBox, a prominent EV charging solutions provider, unveiled plans for over 100 charging stations, featuring both AC and DC options, aligning with their 2030 objectives. This collaboration bolsters Bump's ambition of establishing 25,000 charging stations in France by 2030. Such endeavors are set to elevate the demand for charging equipment nationwide during the forecast period.
- In conclusion, these concerted efforts and projects are poised to bolster the public charging infrastructure in France, subsequently driving up the demand for EV charging infrastructure and equipment in the coming years.
France Electric Vehicle Charging Equipment Industry Overview
The French electric vehicle charging equipment market is semi-fragmented. Some of the key players (not in particular order) are ABB Ltd, Siemens AG, Tesla Inc., Delta Electronics Inc., ChargePoint Inc, among others.
France Electric Vehicle Charging Equipment Market Leaders
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ABB Ltd
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Siemens AG
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Delta Electronics Inc.
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ChargePoint Inc
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Tesla Inc.
*Disclaimer: Major Players sorted in no particular order
France Electric Vehicle Charging Equipment Market News
- March 2024: In collaboration with partners from Software République, including Orange, Renault Group, STMicroelectronics, and Thales, Lacroix unveiled the Mobilize PowerBox charging station. Designed for both indoor and outdoor use, the Mobilize PowerBox supports 2-phase and 3-phase charging connections, delivering a power output of up to 22 kW.
- October 2023: The French government unveiled fresh funding to accelerate the deployment of public charging stations for electric vehicles. This move aligns with the European Union's newly introduced alternative fuel infrastructure regulation. France is targeting the establishment of over 50,000 fast charging points for electric vehicles by the year 2030.
France Electric Vehicle Charging Equipment Market Report - Table of Contents
1. INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2. EXECUTIVE SUMMARY
3. RESEARCH METHODOLOGY
4. MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast, in Units, till 2029
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.1.1 Increasing Adoption of Electric Vehicles And Related Investments
4.5.1.2 Surge in Subsidies and Incentives for Electric Vehicles
4.5.2 Restraints
4.5.2.1 High Cost of Setting Up EV Charging Stations
4.6 Supply Chain Analysis
4.7 PESTLE Analysis
4.8 Investment Analysis
5. MARKET SEGMENTATION
5.1 Vehicle Type
5.1.1 Battery Electric Vehicle (BEV)
5.1.2 Plug-in Hybrid Electric Vehicle (PHEV)
5.1.3 Hybrid Electric Vehicle (HEV)
5.2 Application
5.2.1 Home Charging
5.2.2 Workplace Charging
5.2.3 Public Charging
5.3 Charging Type
5.3.1 AC Charging (Level 1 and Level 2)
5.3.2 DC Charging
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 ABB Ltd
6.3.2 Siemens AG
6.3.3 Chargepoint Inc.
6.3.4 Delta Electronics Inc.
6.3.5 Tesla Inc.
6.3.6 TotalEnergies SE
6.3.7 Schneider Electric
6.3.8 IZEA Worldwide, Inc
6.3.9 DBT (Douaisienne de Basse Tension)
6.3.10 EVBox
- *List Not Exhaustive
6.4 List of Other Prominent Companies
6.5 Market Ranking/ Share Analysis
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Innovation in Charging Technologies
France Electric Vehicle Charging Equipment Industry Segmentation
Electric vehicle (EV) charging equipment refers to the equipment and infrastructure used to charge electric vehicles at home or in commercial and public spaces. The EV charging equipment plays a crucial role in the widespread adoption of electric vehicles in the country. The availability of robust EV charging infrastructure is essential for overcoming range anxiety, a primary concern for potential EV buyers. It helps in reducing carbon emissions and improving air quality.
The France electric vehicle charging equipment market is segmented into Vehicle Type, Application, and Charging Type. By Vehicle type, the market is segmented into battery electric vehicles (BEV), plug-in hybrid electric vehicles (PHEV), and Hybrid Electric Vehicle (HEV). By application type, the market is segmented into home charging, workplace charging, and public charging. By charging type, the market is segmented into AC charging (level 1 and level 2) and DC charging. The report offers the market size and forecasts for the market in units for all the above segments.
| Vehicle Type | |
| Battery Electric Vehicle (BEV) | |
| Plug-in Hybrid Electric Vehicle (PHEV) | |
| Hybrid Electric Vehicle (HEV) |
| Application | |
| Home Charging | |
| Workplace Charging | |
| Public Charging |
| Charging Type | |
| AC Charging (Level 1 and Level 2) | |
| DC Charging |
France Electric Vehicle Charging Equipment Market Research Faqs
How big is the France Electric Vehicle Charging Equipment Market?
The France Electric Vehicle Charging Equipment Market size is expected to reach 117.98 thousand units in 2024 and grow at a CAGR of 22.89% to reach 330.71 thousand units by 2029.
What is the current France Electric Vehicle Charging Equipment Market size?
In 2024, the France Electric Vehicle Charging Equipment Market size is expected to reach 117.98 thousand units.
Who are the key players in France Electric Vehicle Charging Equipment Market?
ABB Ltd, Siemens AG, Delta Electronics Inc., ChargePoint Inc and Tesla Inc. are the major companies operating in the France Electric Vehicle Charging Equipment Market.
What years does this France Electric Vehicle Charging Equipment Market cover, and what was the market size in 2023?
In 2023, the France Electric Vehicle Charging Equipment Market size was estimated at 90.97 thousand units. The report covers the France Electric Vehicle Charging Equipment Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the France Electric Vehicle Charging Equipment Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
France Electric Vehicle Charging Equipment Industry Report
Statistics for the 2024 France Electric Vehicle Charging Equipment market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. France Electric Vehicle Charging Equipment analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
