Global Electric Vehicle Charging Station Market Size, Trends & Growth Opportunity, By Vehicle Type (Passenger Cars, Commercial Vehicles), By Charger Type (AC Charging Station, DC Charging Station), By Application Type (Public, Private.) By Region and Forecast till 2027.
Report ID : QR1001367 | Industries : Others | Published On :January 2022 | Page Count : 234Global Electric Vehicle Charging Station Market
The global Electric Vehicle Charging Station market was valued at USD 18.22 billion in 2020 which expected to reach USD 115 billion by 2027 at a CAGR 34.5% from 2020-2027.
An Electric Vehicle (EV) charging station is a device that connects an EV to a power source, allowing electric cars, community EVs, and plug-in hybrids to be charged. Some charging stations include advanced features such as smart metering, cellular connectivity, and network connectivity, while others are more basic. The global EV industry is expanding rapidly, particularly in China and the United States. The EV charging industry is a fast-paced one with numerous applications. Several countries' government initiatives play an important role in the development of vehicle charging stations.
Market Drivers
Rising global EV sales will drive up demand for EV charging stations.
increased adoption and use of electric vehicles has highlighted the need for charging infrastructure development. Leading electric vehicle markets such as China, the United States, and Germany are investing heavily in EV charging infrastructure as well as research and development for faster and more efficient charging methods.
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Market Restraints
The current EV charging infrastructure is not standardized.
The importance of standardizing electric vehicle charging stations has been highlighted by factors such as the expansion of the electric vehicle market and variations in charging loads. AC charging stations, for example, provide a voltage of 120V AC via level 1 charging stations and 208/240V AC via level 2 charging stations. DC charging stations, on the other hand, provide fast charging via 480V AC.
Impact of COVID-19
The COVID-19 pandemic has resulted in widespread economic downturn. To contain the infection, several countries imposed strict lockdowns, resulting in the shutdown of manufacturing industries as well as disruptions in supply chains and production schedules. Globally, there has been a significant impact on technology supply chains. The automotive industry has been significantly disrupted by the economic slowdown, resulting in rapid declines in light vehicle sales. In 2020, the revenue of the light vehicle market is expected to fall by nearly 20%. Furthermore, changes in consumer purchasing behavior as a result of the pandemic's uncertainty are expected to have a significant impact on the industry's near-term growth. Meanwhile, the shortfall and cash crunch have already had an impact on fleet operators' sales, which are expected to worsen in the coming months.
Market Segmentation
The Global Electric Vehicle Charging Station Market is segmented into Vehicle Type, Charger Type, Distribution Channel and Growing System. By Vehicle Type such as Passenger Cars, Commercial Vehicles, By Charger Type such as AC Charging Station, DC Charging Station. By Application Type such as Public, Private
Regional Analysis
Global Electric Vehicle Charging Station Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. During the forecast period, the Electric Vehicle Charging Station market in APAC is expected to grow at the fastest CAGR. China, India, Japan, and South Korea are all part of the Asia Pacific region. The region is home to some of the world's fastest-developing economies, including China and India. The governments of these emerging economies have recognized the global electric vehicle charging station market's growth potential and, as a result, have implemented a variety of initiatives to entice major OEMs to manufacture electric vehicle charging infrastructure in domestic markets.
Key Players
Various key players are listed in this report such as Webasto Group, EVBox Group, and Electrify America LLC. , BP plc. , Royal Dutch Shell PLC, Evgo Services LLC. , Connected Kerb Limited , Wanbang Xingxing Charging Technology Co., Ltd. , Électricité de France , Tesla, Inc.
Market Taxonomy
By Vehicle Type
- Passenger Cars
- Commercial Vehicles
By Charger Type
- AC Charging Station
- DC Charging Station
By Application Type
- Public
- Private
By Region
- North America
- Latin America
- Europe
- China
- Asia Pacific
- Middle East & Africa
Key Questions Addressed by the Report
- What are the Key Opportunities in Global Electric Vehicle Charging Station Market?
- What will be the growth rate from 2020 to 2027?
- Which segment/region will have highest growth?
- What are the factors that will impact/drive the Market?
- What is the competitive Landscape in the Industry?
- What is the role of key players in the value chain?
Global Electric Vehicle Charging Station Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Electric Vehicle Charging Station Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Electric Vehicle Charging Station Market, By Vehicle Type
5.1 Y-o-Y Growth Comparison, By Vehicle Type
5.2 Global Electric Vehicle Charging Station Market Share Analysis, By Vehicle Type
5.3 Global Electric Vehicle Charging Station Market Size and Forecast, By Vehicle Type
5.3.1 Passenger Cars
5.3.2 Commercial Vehicles
6 Global Electric Vehicle Charging Station Market, By Charger Type
6.1 Y-o-Y Growth Comparison, By Charger Type
6.2 Global Electric Vehicle Charging Station Market Share Analysis, By Charger Type
6.3 Global Electric Vehicle Charging Station Market Size and Forecast, By Charger Type
6.3.1 AC Charging Station
6.3.2 DC Charging Station
7 Global Electric Vehicle Charging Station Market, By Application Type
7.1 Y-o-Y Growth Comparison, By Application Type
7.2 Global Electric Vehicle Charging Station Market Share Analysis, By Application Type
7.3 Global Electric Vehicle Charging Station Market Size and Forecast, By Application Type
7.3.1 Public
7.3.2 Private
8 Global Electric Vehicle Charging Station Market, By Region
8.1 Global Electric Vehicle Charging Station Market Share Analysis, By Region
8.2 Global Electric Vehicle Charging Station Market Share Analysis, By Region
8.3 Global Electric Vehicle Charging Station Market Size and Forecast, By Region
9 North America Electric Vehicle Charging Station Market Analysis and Forecast (2021-2027)
9.1 Introduction
9.2 North America Electric Vehicle Charging Station Market Share Analysis, By Vehicle Type
9.3 North America Electric Vehicle Charging Station Market Size and Forecast, By Charger Type
9.4 North America Electric Vehicle Charging Station Market Size and Forecast, By Application Type
9.6 North America Electric Vehicle Charging Station Market Size and Forecast, By Country
9.7.1 U.S.
9.7.2 Canada
9.7.3 Mexico
10 Europe Electric Vehicle Charging Station Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 Europe Electric Vehicle Charging Station Market Share Analysis, By Vehicle Type
10.3 Europe Electric Vehicle Charging Station Market Size and Forecast, By Charger Type
10.4 Europe Electric Vehicle Charging Station Market Size and Forecast, By Application Type
10.6 Europe Electric Vehicle Charging Station Market Size and Forecast, By Country
10.6.1 Germany
10.6.2 France
10.6.3 UK
10.6.4. Rest of Europe
11 Asia Pacific Electric Vehicle Charging Station Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Asia Pacific Electric Vehicle Charging Station Market Share Analysis, By Vehicle Type
11.3 Asia Pacific Electric Vehicle Charging Station Market Size and Forecast, By Charger Type
11.4 Asia Pacific Electric Vehicle Charging Station Market Size and Forecast, By Application Type
11.6 Asia Pacific Electric Vehicle Charging Station Market Size and Forecast, By Country
11.6.1 China
11.7.2 Japan
11.8.3 India
11.8.4. Rest of Asia Pacific
12 Latin America Electric Vehicle Charging Station Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Latin America Electric Vehicle Charging Station Market Share Analysis, By Vehicle Type
12.3 Latin America Electric Vehicle Charging Station Market Size and Forecast, By Charger Type
12.4 Latin America Electric Vehicle Charging Station Market Size and Forecast, By Application Type
12.6 Latin America Electric Vehicle Charging Station Market Size and Forecast, Country
12.7.1. Brazil
12.8.2. Rest of Latin America
13 Middle East Electric Vehicle Charging Station Market Analysis and Forecast (2021-2027)
13.1 Introduction
13.2 Middle East Electric Vehicle Charging Station Market Share Analysis, By Vehicle Type
13.3 Middle East Electric Vehicle Charging Station Market Size and Forecast, By Charger Type
13.4 Middle East Electric Vehicle Charging Station Market Size and Forecast, By Application Type
13.6 Middle East Electric Vehicle Charging Station Market Size and Forecast, By Country
13.7.1. Saudi Arabia
13.8.2. UAE
13.8.3. Egypt
13.9.4. Kuwait
13.10.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Webasto Group
15.1.1 Overview
15.1.2 Vehicle Types
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2. EVBox Group
15.2.1 Overview
15.2.2 Vehicle Types
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. Electrify America LLC
15.3.1 Overview
15.3.2 Vehicle Types
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 BP plc
15.4.1 Overview
15.4.2 Vehicle Types
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Royal Dutch Shell PLC
15.5.1 Overview
15.5.2 Vehicle Types
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Evgo Services LLC.
15.6.1 Overview
15.6.2 Vehicle Types
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Connected Kerb Limited
15.7.1 Overview
15.7.2 Vehicle Types
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Wanbang Xingxing Charging Technology Co., Ltd
15.8.1 Overview
15.8.2 Vehicle Types
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
16.9 Électricité de France
16.8.1 Overview
16.8.2 Vehicle Types
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategies
16.10 Tesla, Inc
16.8.1 Overview
16.8.2 Vehicle Types
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategies