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The Electric Car Charger Market size was valued at USD 5.39 billion in 2023 and is expected to grow to USD 82.02 billion by 2032 and grow at a CAGR of 35.3 % over the forecast period of 2024-2032.
A device that charges electric vehicles (EVs), including hybrids and electric cars, is called a charging station. With the use of software, an energy controller, a network operations center, a facility meter, and energy conversion, the power grid operates the charging station. The charger device supports several charging gradations. Level 1 charging stations use a standard household outlet, level 2 charging stations work with all-electric cars, and level 3 charging stations are direct current (DC) fast chargers that swiftly charge cars.
KEY DRIVERS:
The government is paying for an EV charging station.
The increasing number of electric Cars
The widespread use of electric vehicles necessitates the construction of a charging station infrastructure. Due to the market demand for EVs, top EVS players are concentrating on R&D to create a more sustainable charging infrastructure. Because government and private organizations are investing in these initiatives for the benefit of society, this will increase the number of EV charging stations.
RESTRAIN:
Installing recharge stations in remote locations is expensive.
Electric charging station installation will be expensive in emerging and underdeveloped areas due to a lack of adequate infrastructure, which is comparable to a high installation cost for charging stations. Electric charging stations need a steady electrical supply, but there aren't many of them in these places, which may limit their expansion.
OPPORTUNITY:
EV battery costs are being reduced
Demand for cutting-edge, sustainable transportation
Due to growing worries about environmental contamination, customers expect clean transport services. People are considering electric automobiles as a result of their environmental concerns. With the enhanced features of EVS, environmental issues, traffic issues, and accidents are expected to significantly decline, according to EVs transportation developers. People are using electric scooters and cycles for daily transportation, which contributes to pollution. To promote clean transportation, the government of numerous nations has outlawed the use of gasoline-powered vehicles in some zones. The technological advancements of EVs also produce data planners that customers can use to reorganize parking and roads, which presents a market potential for the expansion of electric vehicle charging stations.
CHALLENGES:
EVs' limited range and lengthy recharge times
Electric vehicles may be less reliable due to their short range and lengthy charge times; most poor nations do not accept electric versions due to this. Range anxiety and EV charging times can both interfere with the customer's ability to complete tasks, which can impede the expansion of the market.
The market for electric car chargers has had difficulty expanding because of COVID-19. The lockdown in many countries, which has constrained the rise of electric vehicles, is contributing to the collapse of the global automobile industry. For instance, the number of new electric vehicle registrations in Germany fell by 35% in the first quarter of 2020 compared to the same period in 2019. Therefore, the COVID-19 epidemic slowed the market for electric car chargers from expanding.
The market for electric car chargers is anticipated to increase over the next few years as a result of rising environmental awareness and growing demand for electric automobiles. To eliminate pollution from non-renewable fossil fuel cars and to provide transportation with cleaner energy, the globe is moving towards electric transportation.
Millions of people have been displaced by the war, and many of them were employed in Ukraine's EV sector. As a result, there is a shortage of skilled labor and prices have gone up. The infrastructure has also been harmed by the conflict, making it challenging to transfer commodities and parts across the nation. Due to this, it has been challenging for Ukrainian businesses to sell their goods. Consumer confidence has suffered as a result of the war, which has decreased demand for EVs. In Ukraine, where the fighting is occurring, this is particularly true.
Many analysts predict that as consumers grow more concerned about the stability of the region as a result of the war, electric car demand will decline. The battle may also increase the cost of battery components and materials, which would decrease consumer access to EVs. Despite these obstacles, some industry analysts think that the long-term outlook for the EV sector is still promising because rising concerns about climate change and air pollution will probably increase demand for eco-friendly cars in the years to come.
Customers are becoming more interested in eco-friendly forms of mobility, they are becoming less willing to spend a lot of money on pricey charging infrastructure. This has made it challenging for businesses to survive and expand, which has led to a decrease in the number of billing choices accessible. Budget restrictions may also restrict government financing for EV infrastructure development initiatives, further impeding potential growth. However, demand for electric car chargers is anticipated to rise once again as governments and individuals continue to prioritize sustainable alternatives to conventional gasoline-powered automobiles and economies start to recover from recessionary constraints.
The implementation of a robust energy grid system together with an adequate supporting framework for electric cars across America could be instrumental in keeping inflationary pressures at bay owing to oil rates, averting any imminent financial disaster due to a possible recession. The US is less susceptible to a recession the more electric cars and clean energy initiatives are implemented. But for this theory to be valid, it must have the necessary infrastructure to support widespread acceptance. To launch the movement with the Inflation Reduction Act bill, the US is investing $369 billion.
By Type
Slow AC
Fast AC
Fast DC
By Vehicle Type
Battery Electric Vehicle (BEV)
Plug-in Hybrid Electric Vehicle (PHEV)
Hybrid Electric Vehicle (HEV)
By Charging Infrastructure Type
CCS
CHADEMO
Normal Charge
Tesla Super Charger
Type 2 (IEC 621196)
By Application
Home
Office
Commercial
Asia-Pacific is the world leader in the market for electric car charging stations Because of its strong foundation in industrialization, the presence of significant participants in the market, its sound foreign policy, and the region's high demand for EVs.
North America is predicted to experience substantial development. Due to the rise in EV demand and the existence of a robust electronic market like Tesla. There is a sizable market for high-quality electric car charging stations, and demand is rising.
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REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
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 the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin American
The Major players are Leviton Manufacturing Co. Inc., ABB Ltd., Siemens AG, Schneider Electric Corp, AeroVironment Inc., Eaton, Evatran LLC, Tesla Motors Inc., Delphi Automotive Plc., Bosch Automotive Service Solutions Inc., Elektromotive Ltd., Hubbell Device-Kellems, Legrand, TurboDock, GE, Chargepoint, Blink and other players listed in the final report.
ABB increased the volume of EV chargers it produces in South Carolina starting in January 2023. This drastically shortens lead times and delivery for DC fast chargers in the US, allowing charger owners, operators, and developers to quickly deploy dependable chargers.
To hasten the adoption of EV charging and battery storage solutions for highway corridor DC fast charging and other EV charging applications, ChargePoint, Inc. struck a contract with Stem, one of the world's leading providers of AI-driven clean energy solutions and services, in January 2023.
ChargePoint Holdings Inc. and ALD Automotive inked a contract in April 2023 to launch a new EV charging company in Europe to accelerate corporate fleet electrification by giving drivers access to more than 485,000 charging connections through the network.
| Report Attributes | Details |
| Market Size in 2023 | US$ 5.39 Bn |
| Market Size by 2032 | US$ 82.02 Bn |
| CAGR | CAGR of 35.3 % From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (Slow AC, Fast AC, Fast DC) • By Vehicle Type (BEV, PHEV, HEV) • By Charging Infrastructure Type (CCS, CHADEMO, Normal Charge, Tesla Super Charger, Type 2 (IEC 621196)) • By Application (Home, Office, Commercial) |
| 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 | Leviton Manufacturing Co. Inc., ABB Ltd., Siemens AG, Schneider Electric Corp, AeroVironment Inc., Eaton, Evatran LLC, Tesla Motors Inc., Delphi Automotive Plc., Bosch Automotive Service Solutions Inc., Elektromotive Ltd., Hubbell Device-Kellems, Legrand, TurboDock, GE, Chargepoint, Blink |
| Key Drivers | • The government is paying for an EV charging station. • The increasing number of electric Cars |
| Market Opportunities | • EV battery costs are being reduced • Demand for cutting-edge, sustainable transportation |
Ans: The Electric Car Charger Market is growing at a CAGR of 35.3% over the forecast period 2024-2032.
Ans: The Electric Car Charger Market size was valued at US$ 5.39 Bn in 2023.
Ans: The Electric Car Charger Market size is estimated to reach US$ 82.02 Bn by 2032.
Ans: Asia-Pacific is the world leader in the market for electric car charging stations
Ans: The government is paying for an EV charging station and the increasing number of electric Cars.
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 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Electric Car Charger Market Segmentation, By Type
8.1 Slow AC
8.2 Fast AC
8.3 Fast DC
9. Global Electric Car Charger Market Segmentation, By Vehicle Type
9.1 Battery Electric Vehicle (BEV)
9.2 Plug-in Hybrid Electric Vehicle (PHEV)
9.3 Hybrid Electric Vehicle (HEV)
10. Global Electric Car Charger Market Segmentation, By Charging Infrastructure Type
10.1 CCS
10.2 CHADEMO
10.3 Normal Charge
10.4 Tesla Super Charger
10.5 Type 2 (IEC 621196)
11. Global Electric Car Charger Market Segmentation, By Application
11.1 Home
11.2 Office
11.3 Commercial
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 North America Electric Car Charger Market by Country
12.2.2North America Electric Car Charger Market by Type
12.2.3 North America Electric Car Charger Market by By Vehicle Type
12.2.4 North America Electric Car Charger Market by Charging Infrastructure Type
12.2.5 North America Electric Car Charger Market by Application
12.2.6 USA
12.2.6.1 USA Electric Car Charger Market by Type
12.2.6.2 USA Electric Car Charger Market by By Vehicle Type
12.2.6.3 USA Electric Car Charger Market by Charging Infrastructure Type
12.2.6.4 USA Electric Car Charger Market by Application
12.2.7 Canada
12.2.7.1 Canada Electric Car Charger Market by Type
12.2.7.2 Canada Electric Car Charger Market by By Vehicle Type
12.2.7.3 Canada Electric Car Charger Market by Charging Infrastructure Type
12.2.7.4 Canada Electric Car Charger Market by Application
12.2.8 Mexico
12.2.8.1 Mexico Electric Car Charger Market by Type
12.2.8.2 Mexico Electric Car Charger Market by By Vehicle Type
12.2.8.3 Mexico Electric Car Charger Market by Charging Infrastructure Type
12.2.8.4 Mexico Electric Car Charger Market by Application
12.3 Europe
12.3.1 Europe Electric Car Charger Market by Country
12.3.2 Europe Electric Car Charger Market by Type
12.3.3 Europe Electric Car Charger Market by By Vehicle Type
12.3.4 Europe Electric Car Charger Market by Charging Infrastructure Type
12.3.5 Europe Electric Car Charger Market by Application
12.3.6 Germany
12.3.6.1 Germany Electric Car Charger Market by Type
12.3.6.2 Germany Electric Car Charger Market by By Vehicle Type
12.3.6.3 Germany Electric Car Charger Market by Charging Infrastructure Type
12.3.6.4 Germany Electric Car Charger Market by Application
12.3.7 UK
12.3.7.1 UK Electric Car Charger Market by Type
12.3.7.2 UK Electric Car Charger Market by By Vehicle Type
12.3.7.3 UK Electric Car Charger Market by Charging Infrastructure Type
12.3.7.4 UK Electric Car Charger Market by Application
12.3.8 France
12.3.8.1 France Electric Car Charger Market by Type
12.3.8.2 France Electric Car Charger Market by By Vehicle Type
12.3.8.3 France Electric Car Charger Market by Charging Infrastructure Type
12.3.8.4 France Electric Car Charger Market by Application
12.3.9 Italy
12.3.9.1 Italy Electric Car Charger Market by Type
12.3.9.2 Italy Electric Car Charger Market by By Vehicle Type
12.3.9.3 Italy Electric Car Charger Market by Charging Infrastructure Type
12.3.9.4 Italy Electric Car Charger Market by Application
12.3.10 Spain
12.3.10.1 Spain Electric Car Charger Market by Type
12.3.10.2 Spain Electric Car Charger Market by By Vehicle Type
12.3.10.3 Spain Electric Car Charger Market by Charging Infrastructure Type
12.3.10.4 Spain Electric Car Charger Market by Application
12.3.11 The Netherlands
12.3.11.1 Netherlands Electric Car Charger Market by Type
12.3.11.2 Netherlands Electric Car Charger Market by By Vehicle Type
12.3.11.3 Netherlands Electric Car Charger Market by Charging Infrastructure Type
12.3.11.4 Netherlands Electric Car Charger Market by Application
12.3.12 Rest of Europe
12.3.12.1 Rest of Europe Electric Car Charger Market by Type
12.3.12.2 Rest of Europe Electric Car Charger Market by By Vehicle Type
12.3.12.3 Rest of Europe Electric Car Charger Market by Charging Infrastructure Type
12.3.12.4 Rest of Europe Electric Car Charger Market by Application
12.4 Asia-Pacific
12.4.1 Asia Pacific Electric Car Charger Market by Country
12.4.2 Asia Pacific Electric Car Charger Market by Type
12.4.3 Asia Pacific Electric Car Charger Market by By Vehicle Type
12.4.4 Asia Pacific Electric Car Charger Market by Charging Infrastructure Type
12.4.5 Asia Pacific Electric Car Charger Market by Application
12.4.6 Japan
12.4.6.1 Japan Electric Car Charger Market by Type
12.4.6.2 Japan Electric Car Charger Market by By Vehicle Type
12.4.6.3 Japan Electric Car Charger Market by Charging Infrastructure Type
12.4.6.4 Japan Electric Car Charger Market by Application
12.4.7 South Korea
12.4.7.1 South Korea Electric Car Charger Market by Type
12.4.7.2 South Korea Electric Car Charger Market by By Vehicle Type
12.4.7.3 South Korea Electric Car Charger Market by Charging Infrastructure Type
12.4.7.4 South Korea Electric Car Charger Market by Application
12.4.8 China
12.4.8.1 China Electric Car Charger Market by Type
12.4.8.2 China Electric Car Charger Market by By Vehicle Type
12.4.8.3 China Electric Car Charger Market by Charging Infrastructure Type
12.4.8.4 China Electric Car Charger Market by Application
12.4.9 India
12.4.9.1 India Electric Car Charger Market by Type
12.4.9.2 India Electric Car Charger Market by By Vehicle Type
12.4.9.3 India Electric Car Charger Market by Charging Infrastructure Type
12.4.9.4 India Electric Car Charger Market by Application
12.4.11 Australia
12.4.10.1 Australia Electric Car Charger Market by Type
12.4.10.2 Australia Electric Car Charger Market by By Vehicle Type
12.4.10.3 Australia Electric Car Charger Market by Charging Infrastructure Type
12.4.10.4 Australia Electric Car Charger Market by Application
12.4.11 Rest of Asia-Pacific
12.4.11.1 APAC Electric Car Charger Market by Type
12.4.11.2 APAC Electric Car Charger Market by By Vehicle Type
12.4.11.3 APAC Electric Car Charger Market by Charging Infrastructure Type
12.4.11.4 APAC Electric Car Charger Market by Application
12.5 The Middle East & Africa
12.5.1 The Middle East & Africa Electric Car Charger Market by Country
12.5.2 The Middle East & Africa Electric Car Charger Market by Type
12.5.3 The Middle East & Africa Electric Car Charger Market by By Vehicle Type
12.5.4The Middle East & Africa Electric Car Charger Market by Charging Infrastructure Type
12.5.5 The Middle East & Africa Electric Car Charger Market by Application
12.5.6 Israel
12.5.6.1 Israel Electric Car Charger Market by Type
12.5.6.2 Israel Electric Car Charger Market by By Vehicle Type
12.5.6.3 Israel Electric Car Charger Market by Charging Infrastructure Type
12.5.6.4 Israel Electric Car Charger Market by Application
12.5.7 UAE
12.5.7.1 UAE Electric Car Charger Market by Type
12.5.7.2 UAE Electric Car Charger Market by By Vehicle Type
12.5.7.3 UAE Electric Car Charger Market by Charging Infrastructure Type
12.5.7.4 UAE Electric Car Charger Market by Application
12.5.8South Africa
12.5.8.1 South Africa Electric Car Charger Market by Type
12.5.8.2 South Africa Electric Car Charger Market by By Vehicle Type
12.5.8.3 South Africa Electric Car Charger Market by Charging Infrastructure Type
12.5.8.4 South Africa Electric Car Charger Market by Application
12.5.9 Rest of Middle East & Africa
12.5.9.1 Rest of Middle East & Asia Electric Car Charger Market by Type
12.5.9.2 Rest of Middle East & Asia Electric Car Charger Market by By Vehicle Type
12.5.9.3 Rest of Middle East & Asia Electric Car Charger Market by Charging Infrastructure Type
12.5.9.4 Rest of Middle East & Asia Electric Car Charger Market by Application
12.6 Latin America
12.6.1 Latin America Electric Car Charger Market by Country
12.6.2 Latin America Electric Car Charger Market by Type
12.6.3 Latin America Electric Car Charger Market by By Vehicle Type
12.6.4 Latin America Electric Car Charger Market by Charging Infrastructure Type
12.6.5 Latin America Electric Car Charger Market by Application
12.6.6 Brazil
12.6.6.1 Brazil Electric Car Charger Market by Type
12.6.6.2 Brazil Africa Electric Car Charger Market by By Vehicle Type
12.6.6.3 Brazil Electric Car Charger Market by Charging Infrastructure Type
12.6.6.4 Brazil Electric Car Charger Market by Application
12.6.7 Argentina
12.6.7.1 Argentina Electric Car Charger Market by Type
12.6.7.2 Argentina Electric Car Charger Market by By Vehicle Type
12.6.7.3 Argentina Electric Car Charger Market by Charging Infrastructure Type
12.6.7.4 Argentina Electric Car Charger Market by Application
12.6.8 Rest of Latin America
12.6.8.1 Rest of Latin America Electric Car Charger Market by Type
12.6.8.2 Rest of Latin America Electric Car Charger Market by By Vehicle Type
12.6.8.3 Rest of Latin America Electric Car Charger Market by Charging Infrastructure Type
12.6.8.4 Rest of Latin America Electric Car Charger Market by Application
13. Company Profile
13.1 Leviton Manufacturing Co. Inc
13.1.1 Market Overview
13.1.2 Financials
13.1.3 Product/Services/Offerings
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 ABB Ltd.
13.2.1 Market Overview
13.2.2 Financials
13.2.3 Product/Services/Offerings
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Siemens AG
13.3.1 Market Overview
13.3.2 Financials
13.3.3 Product/Services/Offerings
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Schneider Electric Corp
13.4.1 Market Overview
13.4.2 Financials
13.4.3 Product/Services/Offerings
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 AeroVironment Inc.
13.5.1 Market Overview
13.5.2 Financials
13.5.3 Product/Services/Offerings
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Eaton
13.6.1 Market Overview
13.6.2 Financials
13.6.3 Product/Services/Offerings
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Evatran LLC
13.7.1 Market Overview
13.7.2 Financials
13.7.3 Product/Services/Offerings
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Tesla Motors Inc.
13.8.1 Market Overview
13.8.2 Financials
13.8.3 Product/Services/Offerings
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Delphi Automotive Plc.
13.9.1 Market Overview
13.9.2 Financials
13.9.3 Product/Services/Offerings
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 Bosch Automotive Service Solutions Inc.
13.10.1 Market Overview
13.10.2 Financials
13.10.3 Product/Services/Offerings
13.10.4 SWOT Analysis
13.10.5 The SNS View
13.11 Hubbell Device-Kellems
13.11.1 Market Overview
13.11.2 Financials
13.11.3 Product/Services/Offerings
13.11.4 SWOT Analysis
13.11.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Charging Infrastructure Types
15. USE Cases and Best Practices
16. Conclusion
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