Electric Vehicle Charging Station Market Analysis

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: