The  Electric Vehicle Charging Infrastructure Market size is valued at USD 20.22 billion in 2023 & is estimated to grow at a CAGR of around 18.12% during the forecast period, i.e., 2024-30. The Global Electric Vehicle Charging Infrastructure market is witnessing significant growth due to factors such as the increasing transition towards sustainable & eco-friendly vehicles and the rising implementation of government policies to build charging stations. 

In recent years, there has been a rise in transportation activities owing to which the carbon emission levels across the globe have significantly increased. According to the International Energy Agency (IEA), in 2023, the carbon emissions reached approximately 37.40 billion tonnes, an increase of about 250 million tonnes compared to 2022.

What are the Key DROs in the Global Electric Vehicle Charging Infrastructure Market??

Increasing Sales of Electric Vehicles to Support Market Growth – Countries like China, The US, and Germany are recording an increase in the sales of EVs. Based on the study conducted by the IEA, the sales of electric vehicles reached almost 14 million units in 2023 and the European countries, the US, and China accounted for almost 95% of the total EV sales. This burgeoning demand for electric automobiles is resulting in a higher demand for the proper charging infrastructure. As a result, companies are increasingly building EV charging stations in these regions.

Additionally, consumers in several regions are refraining from opting the EVs due to their limited range of issues. According to an online report by the leading car company, almost 40% of consumers worldwide experience range anxiety. Therefore, to eradicate these issues and boost electric vehicle sales, companies are increasingly building the largest EV stations, amplifying the Electric Vehicle Charging market.

Furthermore, as advanced technology is penetrating and propelling EV sales, technologically advanced charging infrastructures are also gaining traction. EV charging companies are integrating emerging technologies to provide consumers with options to discover local charging stations and receive real-time information on vacant slots. This convenience of schedule provided by the advanced EV charging stations would scale up the EV charging industry and drive the Global EV Charging Infrastructure Market.

What are the Key Segments in the Global Electric Vehicle Charging Infrastructure Market?

The Electric Vehicle Charging Infrastructure Market is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

• By Charger Type

  • Wall Mounted- Market Size & Forecast 2019-2030, (USD Million)

  • Pedestal Mounted- Market Size & Forecast 2019-2030, (USD Million)

  • Roof Mounted- Market Size & Forecast 2019-2030, (USD Million)

Among them, Pedestal Mounted holds a prominent market share in the Global Electric Vehicle Charging Infrastructure.

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• By Vehicle Type

  • Passenger Cars- Market Size & Forecast 2019-2030, (USD Million)

  • Light Commercial Vehicles- Market Size & Forecast 2019-2030, (USD Million)

  • Medium & Heavy Commercial Vehicles- Market Size & Forecast 2019-2030, (USD Million)

• By Location

  • Residential- Market Size & Forecast 2019-2030, (USD Million)

  • Commercial- Market Size & Forecast 2019-2030, (USD Million)

• By Power Output

  • Upto 50kW- Market Size & Forecast 2019-2030, (USD Million)

  • 50.1kW-300kW- Market Size & Forecast 2019-2030, (USD Million)

  • Above 300kW- Market Size & Forecast 2019-2030, (USD Million)

How does geographical analysis highlight in the Global Electric Vehicle Charging Infrastructure market?

By Region

• North America

• South America

• Europe

• The Middle East & Africa

• Asia-Pacific

With approximately 60% of the worldwide market, the Asia-Pacific region leads the electric car motor industry.

Who are the Key Players in Global Electric Vehicle Charging Infrastructure Market?

• Siemens AG

• ABB Ltd.

• Nidec Corporation

• Mitsubishi Electric Corporation

• Robert Bosch GmbH

• BorgWarner Inc.

• Continental AG

• Magna International Inc.

• Hitachi, Ltd.

• AISIN CORPORATION

• LG Magna e-Powertrain Co., Ltd.

• Johnson Electric Holdings Limited

• Toshiba Corporation

• GKN Automotive

• Allied Motion Technologies Inc.

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Global Electric Vehicle Charging Infrastructure Market News

• September 2024: Siemens to carve out the eMobility business, merging with Heliox for enhanced market agility and growth. This strategic move aims to optimize leadership in the fast-growing EV charging market, fostering innovation and new partnerships.

• October 2024: Nidec and Ashok Leyland partnered to develop next-gen electric motor-controller systems for commercial vehicles, advancing India's EV adoption. This collaboration aims to enhance efficiency, sustainability, and innovation in commercial vehicle electrification.

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