Private Electric Vehicle Charging Station Market Size

Private Electric Vehicle Charging Station Market size is evaluated at USD 5.6 billion in 2024 and is expected to reach USD 171.6 billion by the end of 2037, witnessing around 33% CAGR during the forecast period i.e., between 2025-2037. In 2025, the industry size of private electric vehicle charging station is assessed at USD 7.4 billion.

The rising adoption of electric vehicles for transportation is inflating the demand for suitable charging stations. Car owners with private parking spaces prefer home charging systems for convenience and affordability. Establishments are integrating non-public EV chargers for their employees and customers. Many commercial electric vehicle drivers are also utilizing the advantage of the easy overnight charging system to get it fueled for the next business day.

According to a report published by IEM, in 2024, home charging solutions for EVs are in high demand these days. Around 93% of EV owners in the U.S. have access to equipped home charging systems. The demand for chargers rose due to improvement in the interoperability of charging infrastructure. Technologies such as smart charging, time-of-use tariffs, and electric road systems are attracting more private investments in development. More fast and efficient charging systems are now surged by both electric HDV and LDV drivers for remote usage. The regional automotive industries are expanding their product portfolio by incorporating electric vehicles and related supplies, including EV charging. Reputed brands are consolidating their private EV charging station market grip by introducing world-class quality in their after-sale services for EVSEs.