The global Electric Vehicle Charging Stations Market is estimated to grow from USD 16,960 million in 2019 to USD 78,553 million in 2027 at a CAGR of 29.8%

The electric vehicle charging station is an electric recharging point that supplies electric energy for the recharging of electric vehicles such as battery electric cars, plug-in hybrid vehicles, electric buses, and other electric vehicles. It is also known as electric vehicle supply equipment (EVSE) and can be installed simply by plugging into a standard wall outlet. Additionally, some of the electric vehicle charging stations require custom installation and have advanced features, including cellular capability, smart metering, and network connectivity. An electric vehicle can easily be recharged by plugging the vehicle into a charger that is connected to the electric grid. The electric vehicles have batteries with high energy storage density, which can be recharged with the help of the charging stations. The time taken by an electric vehicle to charge varies and is based on the level and type of the charging station. The various type of speeds for the charging of the electric vehicle charging stations are level 1, level 2, and level 3.

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The factors driving the growth of the global electric vehicle charging station market include the increasing demand for electric vehicles and growing awareness about the harmful impact of gasses ejected as compared to conventional vehicles. Moreover, strategic government policies with an increasing emphasis to encourage the development of EV charging stations through subsidies will further propel the market growth. Various organizations, including Electric Vehicle Charging Association (EVCA), CHAdeMO Association, AVERE (The European Association for Electromobility), among others, are emphasizing on the development of sophisticated EV charging infrastructure. Furthermore, the rising inclination towards emission-free vehicles across transport companies, advent of latest technologies including wireless charging and ultra-fast DC charging solution, and the expansion in electric bus market will further stimulate the market growth over the upcoming years. However, the installation of these stations is very costly will hamper the market growth.

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Based on the charging level, the Level 1 is projected to grow at a higher CAGR during the forecast period, because they do not need any extra equipment. The Level 1 chargers use a 120 Volt AC plug and provide a charging range of two to five miles per hour. Thus, the easy installation and cost-efficiency features of these charger will expand the market size.

The Level 2 is expected to expand at a faster CAGR over the coming years, owing to their use across commercial and residential charging stations. These chargers use a 240 Volt AC plug and need a professional electrician for installation.

Based on the application type, public is predicted to hold a larger share over the upcoming years, owing to the strategic initiatives by the governments and EV producers for the expansion and installation of public EVSE infrastructure movie theatres, stadiums, airports, shopping malls, corporate buildings, hotels, and others. Safe and secure charging of vehicles, less charging time, easy access to charging stations, cost-efficiency, and remote management will propel the market growth.

Based on the installation type, the Portable is expected to lead the market due to their flexibility, lightweight, and easy carriage properties. Moreover, the development of sophisticated chargers for electronic vehicles by leading companies like Volkswagen, are further propelling the market growth.

Based on the charging station type, the normal charging stations will witness a promising growth, owing to the rising prominence of home charging system. Normal charging station doesn’t require any additional equipment apart from an outlet for the installation for normal chargers will compel the market growth.

The super charging station is expected to grow at a higher CAGR during the forecast period owing to its fast-charging ability for electric vehicles and the increasing number of public charging stations.

Based on the electric bus charging type, the Charging via connector market is expected to grow at a higher CAGR during the forecast period, owing to its durability, safety, strength, and user-friendly features. Moreover, it is a fast and effective charging solution which can be accessed and controlled through a distance. The Off-board Top-down-Pantograph is a fully automated and cost-efficient charging solution for electric buses.

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Geographically, Asia-Pacific is expected to lead the market over the forecast period owing to the increasing production of electric vehicles in countries including China, Japan, and South Korea. Furthermore, rising per capita income of people in developing countries, including India, China, Bangladesh, and Thailand, and growing concerns pertaining greenhouse gas emission will pave the way for market.

Europe will capture a larger share over the coming years, due to rise in the number of electric vehicles and charging stations. Also, strategic government initiatives to encourage the investment in electric vehicles and reduce harmful vehicular discharges supports the market growth. For example, the Federal Ministry of Transport and Digital Infrastructure, Germany provides allowances and tax benefits to the owners of charging stations and has decided to install 1 million charging stations by 2030 in Germany.

Various notable players operating in the global electric vehicle charging station market, include Tesla Inc., BYD Company Limited, Nissan Motor Company, ABB Group, Volkswagen AG, Yazaki, Bosch, Efacec Power Solutions, Mitsubishi Electric and Leviton.

 Key Developments:

• • In November 2021, Tesla introduced Gen 2 wall connector incorporated with J1772 connector. This EV charging station is compatible with all EVs available in the North American market.
  • In October 2021, ABB and Amazon AWS innovated a fleet management tool for public EV chargers. The cloud-based service called Panion EV charge planning is intended to help operators manage power in a more efficient way.
  • In September 2021, ABB launched the world’s fastest EV charging station Terra 360, which can charge most EVs in less than 15 minutes. It can deliver 100 km range in less than 3 minutes. This is made for public charging stations and can charge up to 4 EVs simultaneously.In 2020, Siemens AG collaborated with Ubitricity, a charging solution company to change 24 lampposts into EV charge points with the help of existing city infrastructure in London. Through this development the company extended its EV charging stations in UK.
  • In 2019, Nissan Motor Company partnered with EVgo Services LLC, a U.S. based public EV charging network, provides better charging facilities to the customers. This will help the Nissan Leaf car’s owner to get pre-paid charging credits and access to more than 30,000 chargers in the U.S.
  • In 2019, General Motors partnered with Qmerit Inc. to provide a better accessibility at home charging solution to customers. This collaboration will provide a seamless way to find electricians for the installation of the charging equipment.

The global Electric Vehicle Charging Station market has been segmented on the basis of charging level, application type, installation type, charging station type, charging infrastructure type, electric bus charging type, and key regions. Based on charging level, the market is segmented into level 1, level 2, and level 3. Based on application type, the market is public and private. Based on installation type, the market is segmented into portable and fixed. Based on charging station type, the market is segmented into normal charging, super charging, and inductive charging. Based on charging infrastructure type, the market is segmented into CCS, CHAdeMO, Normal Charger, Tesla Supercharger, and Type 2 (IEC 62196). Based on Electric Bus Charging Type, the market is segmented into Off-Board Top-Down Pantograph, Off-Board Bottom-Up Pantograph, and Charging via connector.

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Key questions answered in this research report:

• • At what pace is global Electric Vehicle Charging Station market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in electric vehicle charging station market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global electric vehicle charging station market?
  • Which application type generated maximum revenues in 2019 and identify the most promising application type during the forecast period?
  • What are the various charging levels of global electric vehicle charging station market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues (2019)	USD 16,960 million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Charging Level, By Application Type, By Installation Type, By Charging Station Type, By Charging Infrastructure Type, By Electric Bus Charging Type, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Tesla Inc., BYD Company Limited, Nissan Motor Company, ABB Group, Volkswagen AG, Yazaki, Bosch, Efacec Power Solutions, Mitsubishi Electric and Leviton;a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Electric Vehicle Charging Station Market by Charging Level

• • Level 1
  • Level 2
  • Level 3

Global Electric Vehicle Charging Station Market by Application Type

• • Public
  • Private

Global Electric Vehicle Charging Station Market by Installation Type

• • Portable
  • Fixed

Global Electric Vehicle Charging Station Market by Charging Station Type

• • Normal Charging
  • Super Charging
  • Inductive Charging

Global Electric Vehicle Charging Station Market by Charging Infrastructure Type

• • CCS
  • CHAdeMO
  • Normal Charger
  • Tesla Supercharger
  • Type 2 (IEC 62196)

Global Electric Vehicle Charging Station Market by Electric Bus Charging Type

• • Off-Board Top-Down Pantograph
  • Off-Board Bottom-Up Pantograph
  • Charging via connector

Global Electric Vehicle Charging Station Market by Region

• • North America Electric Vehicle Charging Station Charging Station Market (Option 1: As a part of the free 25% customization)
    • By Charging Level
    • By Application Type
    • By Installation Type
    • By Charging Station Type
    • By Charging Infrastructure Type
    • By Electric Bus Charging Type
    • US Market All-Up
    • Canada Market All-Up
  • Europe Electric Vehicle Charging Station Market (Option 2: As a part of the free 25% customization)
    • By Charging Level
    • By Application Type
    • By Installation Type
    • By Charging Station Type
    • By Charging Infrastructure Type
    • By Electric Bus Charging Type
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Electric Vehicle Charging Station Market (Option 3: As a part of the free 25% customization)
    • By Charging Level
    • By Application Type
    • By Installation Type
    • By Charging Station Type
    • By Charging Infrastructure Type
    • By Electric Bus Charging Type
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Electric Vehicle Charging Station Market (Option 4: As a part of the free 25% customization)
    • By Charging Level
    • By Application Type
    • By Installation Type
    • By Charging Station Type
    • By Charging Infrastructure Type
    • By Electric Bus Charging Type
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Global Electric Vehicle Charging Station Leading Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Tesla, Inc.
  • BYD Company Limited
  • Nissan Motor Company
  • ABB Group
  • Volkswagen AG
  • Yazaki
  • Bosch
  • Efacec Power Solutions
  • Mitsubishi Electric
  • Leviton