Electric Vehicle Charging Station Market Size & Share, by Charging Point (AC Charging, DC Charging, Wireless Charging), Level of Charging (Level 1, Level 2, Level 3), Vehicle Type (Private, Commercial), Installation Type (Fixed, Portable), Connector (Normal Charging, Type-2, CHAdeMO, CCS, GB/T) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2025-2037

  • Report ID: 2912
  • Published Date: Oct 10, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2025-2037

EV Charging Station Market size was over USD 23.82 billion in 2024 and is anticipated to exceed USD 658.99 billion by the end of 2037, witnessing over 31.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of electric vehicle charging station is evaluated at USD 29.8 billion.

The primary factor attributed to the electric vehicle charging stations market growth is the increased production of electric vehicles across the world. One of the primary drivers of the worldwide market is the rising popularity of electric vehicles. As more people switch to electric vehicles, the need for charging infrastructure grows. Electric cars are gaining popularity owing to their environmental benefits, as they emit no pollutants and minimize reliance on fossil fuels. Furthermore, as battery technology advances, the range of electric cars expands, making them more feasible for regular use. As per the reports of the International Energy Agency, the number of electric vehicle sales in 2021 surpassed sales of the year 2020, nearly doubling to 6.6 million.

Government initiatives to drive the adoption of electric vehicles, along with rising demand for electric vehicle fast-charging infrastructure and increasing prevalence of range anxiety are anticipated to support the growth of the electric vehicle charging station market in the forecast period. As a result, the production rate of electric vehicles is expected to grow considerably which in turn is projected to bring lucrative growth opportunities. For instance, by 2030, it is planned to produce approximately 55 million electric vehicles across the world.


Get more information on this report: Request Free Sample PDF

Electric Vehicle Charging Station Sector: Growth Drivers and Challenges

Growth Drivers

  • Rising Population in the World – The burgeoning population is generating the need for fuel-efficient vehicles. Thus, the increasing demand for electric vehicle charging stations is expected to raise the production rate of electric vehicles in the forecast period. The World Bank calculated the global population to be 7.84 billion in 2021, an increase from 7.09 billion in 2021. This number is anticipated to rise to 9.8 billion in 2050 and 11.2 billion in 2100, as per the United Nations, Department of Economic and Social Affairs.
  • Expansion of the Automotive Industry - As the manufacturing and sale of electric vehicles and electric vehicle batteries expand, so does the need for charging infrastructure. As more automakers engage in the development of electric vehicles and the manufacturing of electric vehicles increases, the need for EV charging stations will rise, particularly in places where EV adoption is strongRecent statistics reveal that the global automotive industry is expected to reach approximately USD 9 trillion by 2030.  
  • Rising Concerns of Carbon Dioxide Emission – A report published recently stated that a passenger vehicle emits about 5 metric tons of carbon dioxide per year. Also, as per the International Organization of Motor Vehicle Manufacturers, globally road transport is responsible for about 16% of man-made carbon dioxide emissions.
  • Increasing Prevalence of Electric Cars with Government Support - Government rules and incentives are key factors in the growing popularity of electric vehicles. To stimulate the use of electric cars, several nations have established objectives for EV adoption and are giving financial incentives to EV customers and charging station owners. Furthermore, several towns and municipalities have established measures to encourage EV adoption, such as increasing charging station capacity and providing parking as well as other incentives to EV owners.  The latest report by International Energy Agency stated the number of electric cars on the road was 16.5 million in 2021.

Challenges

  • High Costs of Infrastructure - Technology and installation costs can be prohibitively expensive, especially for fast charging stations, which require sophisticated equipment and better infrastructure. The cost of running charging stations may be costly as well because it involves the costs of power, maintenance, and labor. This can make it challenging for charging station owners to generate a profit, especially in locations with low EV adoption or a scarcity of charging stations.
  • Non-presence of Standardization Among Nations
  • Increased Need for Investments and Assets

EV Charging Station Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

31.2%

Base Year Market Size (2024)

USD 23.82 billion

Forecast Year Market Size (2033)

USD 658.99 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Get more information on this report: Request Free Sample PDF

Electric Vehicle Charging Station Segmentation

Vehicle Type (Private, Commercial)

The EV charging station market is segmented and analyzed for demand and supply by vehicle type into private and commercial. Out of these, the private segment is attributed to garner the highest market share by 2037, owing to the high demand for personal vehicles by the burgeoning population. The International Energy Agency stated that passenger electric cars are surging in popularity and is estimated that 13% of new cars sold in 2022 will be electric.

Level of Charging (Level 1, Level 2, Level 3)

The global EV charging station market is also segmented and analyzed for demand and supply by the level of charging into level 1, level 2, and level 3. Out of these segments, the level 2 segment is anticipated to garner the highest share of the market. This can be owed to the fact that the level 2 charging station offers a better range than level 1, while not requiring the special infrastructure required for level 3 DC fast chargers. For instance, a typical EV can be charged in 8-10 hours with a level 2 charger.

Our in-depth analysis of the global market includes the following segments:

           By Charging Point

  • AC Charging
  • DC Charging
  • Wireless Charging

            By Level of Charging

  • Level 1
  • Level 2
  • Level 3

           By Vehicle Type

  • Private
  • Commercial

           By Installation Type

  • Fixed
  • Portable

           By Connector

  • Normal Charging
  • Type-2
  • CHAdeMO
  • CCS
  • GB/T

Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.

Customize this Report

Electric Vehicle Charging Station Industry - Regional Synopsis

APAC Market Statistics

The Asia Pacific electric vehicle charging station market is projected to hold the largest market share by the end of 2037, owing to the large production of electric vehicles in the region. China is the top producer of electric vehicles as per the International Energy Agency. The electric car registration rose from the year 2019 with almost 1000 thousand units to the year 2020 with around 1300 thousand units. Further, the large population in the region is expected to increase the demand for electric vehicles in the assessment period. The population in East Asia and the Pacific as per World Bank was 2.37 billion in 2021. Additionally, technological advancements, growth in Gross Domestic Level (GDP) along with the rise in disposable income are other factors that are anticipated to fuel the electric vehicle market size.

Europe Market Forecast

Additionally, the EV charging station market in the European region is also projected to grow rapidly over the forecast period owing to government initiatives to build charging infrastructure across the area are factors contributing to the high growth of this region. France, Germany, the Netherlands, Norway, and the United Kingdom are five of the region's leading nations for electric cars and charging stations. To encourage customers to adopt the new technology, the EU set a goal in 2021 of one million public charging stations for electric cars by 2024 and three million by 2029. Furthermore, the deployment of EV charging stations in the area is being sparked by several other European nations' targets to lower carbon emissions and expand the use of electric vehicles in the forecast period.

Research Nester
Get more information on this report: Request Free Sample PDF

Companies Dominating the Electric Vehicle Charging Station Landscape

    • ABB Group
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • BYD Motors Inc.
    • Shell Group
    • ChargePoint
    • Tesla
    • Schneider Electric
    • Blink Charging Co.
    • General Electric Company
    • Toshiba Corporation
    • Siemens Aktiengesellschaft

     


In the News

 

  • ABB Group has launched Terra 360, a modular charger that can simultaneously charge up to four vehicles with dynamic power distribution.

  • BYD Motors Inc. has announced that its 150kW DC fast charger for buses and trucks has been certified by Underwriters Laboratory (UL), widening its charging solutions

Author Credits:  Saima Khursheed


  • Report ID: 2912
  • Published Date: Oct 10, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of electric vehicle charging station is evaluated at USD 29.8 billion.

The electric vehicle charging station market size was over USD 23.82 billion in 2024 and is anticipated to exceed USD 658.99 billion by the end of 2037, witnessing over 31.2% CAGR during the forecast period i.e., between 2025-2037. Rising disposable income and the growing prevalence of neurological disorders will boost the market growth.

Asia Pacific industry is projected to hold the largest revenue share by 2037, owing to large production of electric vehicles in the region.

The major players in the market include ABB Group, BYD Motors Inc., Shell Group, ChargePoint, Tesla, Schneider Electric, Blink Charging Co., General Electric Company, Toshiba Corporation, Siemens Aktiengesellschaft.
Electric Vehicle Charging Station Market Report Scope
logo
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying
Inquiry Before Buying Request Free Sample