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Electric Vehicle Charging Infrastructure Market

Electric Vehicle Charging Infrastructure Market Size, Share and Segmentation by Charging Level (Level 1, Level 2, Level 3), by Application (Residential, Commercial, Others), by Charger Type (Slow, Fast), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/AUTO/1275 | May 2022 | Region: Global | 120 Pages

Report Scope & Overview:

Electric Vehicle Charging Infrastructure Market Size was valued at USD 19.2 billion in 2021 and is expected to reach USD 127.11 billion by 2028 and grow at a CAGR of 31% over the forecast period 2022-2028.

An EV charging station infrastructure is often referred to as an EV charging station. It is used to charge electric vehicles, such as cars, electric vehicles, plug-in hybrids, and others. Some EVs have onboard converters that can plug into a conventional electrical outlet or a high-capacity appliance outlet for charging at home or at work. Others require or benefit from a charging station with electrical conversion, monitoring, or safety features. When traveling, these EV charging stations are also required, and many of them offer faster charging at higher voltages and currents than home Electric Vehicle Service Equipment. Electric utility providers often provide public charging stations on the street, in restaurants, and in parking lots.

Electric Vehicle Charging Infrastructure Market Revenue Graph

The majority of public charging infrastructure has been dedicated to powering electric light-duty vehicles. Electrification of heavy freight trucks (HFTs) is a longer-term project, with less than 40 electric HFTs on the road by 2020. HFTs require high-capacity batteries with high-power charging to suit their needs for heavy-duty cycles and long-range operations. So far, the most popular charging options for HFTs have been early-stage demos, proof-of-concept attempts, and efforts to enable standardization.

MARKET DYNAMICS: 

KEY DRIVERS: 

  • Better safety regulations and workability to charge.

  • Rapid charging option and home charging station

  • Governments implement subsidies, tax breaks, and other initiatives to encourage the adoption of electric vehicles.

  • Low-cost EV charging encourages EV use.

RESTRAINTS: 

  • Level 1 and level 2 charging stations have slower AC chargers.

  • Installation costs are significant.

  • The growth of level 3 chargers is expected to be hampered by potential concerns with cold-weather operations.

OPPORTUNITIES: 

  • Shorter charging time for electric vehicles (100 miles in six minutes)

  • Rise in public awareness.

  • The global EV charging station infrastructure market is predicted to develop when solar PV is introduced.

  • Vehicle-to-grid power transmission during blackouts and energy storage could be potential future prospects.

CHALLENGES: 

  • Rapid chargers that can charge electric vehicles in less than half an hour are in high demand.

  • The high cost of fast chargers is a major barrier to the market's expansion for electric vehicle charging stations.

IMPACT OF COVID-19:

The global corporate landscape and operations were seriously disrupted by the viral spread and social distancing norms and prohibitions. Several countries have shut down airports, ports, and commercial and domestic transportation because of the COVID-19 epidemic and lockdowns. This had an impact on worldwide manufacturing activity and operations, as well as the economies of numerous countries. A sudden and abrupt drop-in economic activity slowed manufacturing, production, agriculture, fishery, dairy, and other industries, and resulted in significant job losses. Demand-side difficulties, such as reduced disposable income, depleted savings, heightened anxieties and uncertainties, aggravated supply-side effects.

KEY MARKET PLAYERS:

AeroVironment, Inc., ClipperCreek, Inc., Eaton Corp., General Electric Company, Leviton Manufacturing Co., Inc., SemaConnect, Inc., Schneider Electric, Tesla, ChargePoint, Inc., ABB, BP PLC., Shell global, comfort, Hyundai motor company, RWE, Daimler Mercedes-Benz, Siemens AG, Webasto thermos, EVgo services LLC, and EV motors India Pvt. Ltd. are some of the affluent competitors with significant market share in the Electric Vehicle Charging Infrastructure Market.

MARKET ESTIMATION: 

Market, By Charging Level:

The global market is divided into level 1, level 2 & level 3 based on the charging level segment. In the year 2020, the Level 2 category is predicted to dominate the electric vehicle charging station market. Electric car chargers that allow complete recharge in the shortest time feasible are preferred; nevertheless, level 1 and level 2 chargers can take anywhere from 6 to 16 hours to fully charge.

Market, By Application:

According to the application segment, the global market is divided into residential, commercial, and others. The rise in the deployment of fast-charging stations throughout roads, hotels, and public parking facilities is expected to boost the commercial segment. The development of charging infrastructure has lagged behind the rise in electric passenger vehicle sales. The need for public charging stations will only increase as the cost of these vehicles reduces and they reach new markets.

Market, by Charger Type:

Based on the charger type segment, the global market has been divided into slow & fast. In comparison to the extensive charging hours associated with the slow charging approach, the rapid charging method allows heavy-duty vehicle drivers to recharge the battery in significantly less time. Slow charging has a number of advantages to quick charging, including ease and low cost.

MARKET SEGMENTATION:

By Charging Level:

  • Level 1

  • Level 2

  • Level 3

By Application:

  • Residential

  • Commercial

  • Others

By Charger Type:

  • Slow

  • Fast

Electric Vehicle Charging Infrastructure Market Segment Chart

REGIONAL ANALYSIS:

In 2019, Asia-Pacific held a considerable market share. Because of the organized electric vehicle industry and the presence of top heavy-duty electric vehicle charging infrastructure manufacturers, China is a vital market in Asia-Pacific. The increased demand for electric buses, as well as government attempts to promote the development of heavy-duty electric vehicles in countries like China, Japan, and India, are likely to drive up demand for heavy-duty EV charging infrastructure in Asia-Pacific. Due to government initiatives, severe government laws, and increased demand for heavy-duty electric vehicles like buses and trucks, China is one of the major markets in Asia-Pacific. As a result, the building of EV charging infrastructure is on the rise.

REGIONAL COVERAGE:

  • North America

    • The USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • The UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Electric Vehicle Charging Infrastructure Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 19.2 Billion
Market Size by 2028 US$ 127.11 Billion
CAGR CAGR of 31% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Charging Level (Level 1, Level 2, Level 3)
• by Application (Residential, Commercial, Others)
• by Charger Type (Slow, Fast)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles AeroVironment, Inc., ClipperCreek, Inc., Eaton Corp., General Electric Company, Leviton Manufacturing Co., Inc., SemaConnect, Inc., Schneider Electric, Tesla, ChargePoint, Inc., ABB, BP PLC., Shell global, comfort, Hyundai motor company, RWE, Daimler Mercedes-Benz, Siemens AG, Webasto thermos, EVgo services LLC, and EV motors India Pvt. Ltd. 
Key Drivers Better safety regulations and workability to charge.

Rapid charging option and home charging station
RESTRAINTS Level 1 and level 2 charging stations have slower AC chargers.

Installation costs are significant.


Frequently Asked Questions (FAQ) :


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of the Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Global Electric Vehicle Charging Infrastructure Market Segmentation, by Charging Level

8.1 Level 1

8.2 Level 2

8.3 Level 3

 

9. Global Electric Vehicle Charging Infrastructure Market Segmentation, by Application

9.1 Residential

9.2 Commercial

9.3 Others

 

10. Global Electric Vehicle Charging Infrastructure Market Segmentation, by Charger Type

10.1 Slow

10.2 Fast

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 the USA

11.2.2  Canada

11.2.3  Mexico

11.3 Europe

11.3.1  Germany

11.3.2  the UK

11.3.3  France

11.3.4  Italy

11.3.5  Spain

11.3.6  The Netherlands

11.3.7  Rest of Europe

11.4 Asia-Pacific

11.4.1  Japan

11.4.2  South Korea

11.4.3  China

11.4.4  India

11.4.5  Australia

11.4.6  Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1  Israel

11.5.2  UAE

11.5.3  South Africa

11.5.4  Rest

11.6 Latin America

11.6.1  Brazil

11.6.2  Argentina

11.6.3  Rest of Latin America

 

12. Company Profiles

12.1 Hyundai motor company,

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 AeroVironment, Inc.

12.3 ClipperCreek, Inc.

12.4 Eaton Corp.

12.5 General Electric Company

12.6 Leviton Manufacturing Co., Inc.

12.7 SemaConnect, Inc.

12.8 Schneider Electric

12.9 Tesla

12.10 ChargePoint, Inc.

12.11 ABB

12.12 BP PLC.

12.13 Shell global

12.14 Comfort

12.15 RWE

12.16 Daimler Mercedes-Benz

12.17 Siemens AG

12.18 Webasto thermos

12.19 EVgo services LLC

12.20 EV motors India Pvt. Ltd

 

13. Competitive Landscape

13.1 Competitive Benchmarking

13.2 Market Share analysis

13.3 Recent Developments

 

14. Conclusion

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Secondary Research

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