EV Charger Cellular Connectivity Market Segmentation:
Technology (4G LTE, 5G, NB-IoT)
4G LTE segment is projected to capture EV charger cellular connectivity market share of over 34.8% by 2035, owing to an extensive 4G network infrastructure in all urban and rural geographies. As a relatively mature technology, 4G LTE supports reliable, high-speed connectivity, allowing real-time monitoring, payment processing, load balancing, and remote diagnostics. For instance, in November 2022, Blink by introducing 30 kW DCFC highlighted size and power output up to 100 amps and 1000 volts. Its architecture and responsiveness delivered more than 99% uptime and over-the-air firmware updates to the charging station that connects either with a 4G LTE cellular or Wi-Fi connection. Thus, 4G LTE remains the leading cellular connectivity option based on established coverage, reliability, and data capacity.
Charger Type (AC charger, DC charger, Wireless charger)
In the EV charger cellular connectivity market, AC chargers are projected to dominate through the forecast timeline attributable to the lower installation costs and easy fixation into existing electrical infrastructure. For instance, in January 2024, BT Group proposed an idea that could ensure that EVs are always within range of AC chargers. They begin piloting retrofits of the street to deploy around 60,000 curbside cabinets. Moreover, cellular connectivity in AC chargers supports functionalities such as remote monitoring, fault detection, dynamic pricing, and user authentication, which enhance operational efficiency and the user experience. Furthermore, AC electric vehicle charging stations are cheaper. Thus, AC chargers are preferred due to are mature and wide, leading to low costs of equipment.
Our in-depth analysis of the global market includes the following segments:
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Technology |
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Charger Type |
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Connectivity Type |
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Installation Type |
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