The global electric vehicle charging infrastructure market size reached USD 5.64 Billion in 2020 and is expected to register a revenue CAGR of 38.6%, during the forecast period, according to latest analysis by Emergen Research. Increasing adoption of Electric Vehicles (EVs) is expected to drive market revenue growth, as carbon emissions continue to rise and more stringent norms are being deployed. Increased adoption of plug-in electric cars is being driven by rising levels of carbon emissions and other harmful pollutants produced by transportation fleets. As a result, demand for electric vehicle charging stations in both public and private locations is rising. Rising demand for green energy is also expected to contribute to revenue growth of the market going ahead.
The report is updated with the impact of the COVID-19 pandemic on the Electric Vehicle Charging Infrastructure market. Every industry vertical across the globe has been affected by the pandemic, and the report assesses if the impact of the pandemic on the Electric Vehicle Charging Infrastructure market has been positive or negative. It also sheds light on the effect of the financial difficulties and supply disruption caused by the pandemic in the overall growth of the market. Furthermore, the report covers a current and future impact assessment of the pandemic on the overall growth of the Electric Vehicle Charging Infrastructure market.
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Some Key Highlights from the Report
E-mobility service provider segment revenue is expected to expand at a significantly robust CAGR during the forecast period as E-mobility service providers offer optimal monetization, leading to increased network profitability, more freedom of choice, and improved electric fleet management.
Normal charge segment is expected to lead in terms of revenue over the forecast period due to rising demand for normal chargers among the working class owing to low cost, particularly in developing countries with larger demographics and increasing need for low-cost charging.
Asia Pacific is expected to account for a larger revenue share than other regional markets over the forecast period. Increasing demand for affordably priced electric vehicles for regular usage is expected to boost market revenue growth in this region.
The report further sheds light on the competitive landscape of the Electric Vehicle Charging Infrastructure market to offer the readers an advantage over others. The competitive landscape section of the report talks about the recent advancements in the R&D and technologies undertaken by the prominent players, along with their strategic business expansion plans, product launches, and brand promotions. The report pays special attention to the strategic alliances such as mergers and acquisitions, joint ventures, collaborations, agreements, corporate and government deals, and others adopted by the prominent players of the industry to expand their market presence and gain a substantial market position.
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The prominent players profiled in the report are:
Chargepoint, Inc., Tesla Inc., Chargemaster Limited (BP Pulse), ABB Ltd, Electrify America LLC, EV Connect, Inc., Greenlots, SemaConnect, Inc., ClipperCreek, Inc., and Siemens AG.
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Emergen Research has segmented the global electric vehicle charging infrastructure on the basis of provider, charging infrastructure, charging level, vehicle type, installation type, application, and region:
Provider Outlook (Revenue, USD Billion; 2017–2030)
Charging Point Operator
E-Mobility Service Provider
Charging Hubs
Charging Infrastructure Outlook (Volume, Million Units, Revenue, USD Billion; 2017–2030)
CCS
Chademo
Normal Charge
Tesla Super Charger
Type-2 (IEC 62196)
Charging Level Outlook (Volume, Million Units, Revenue, USD Billion; 2017–2030)
Level 1 (120 V)
Level 2 ( 240 V)
Level 3 (200V -600V)
Vehicle Type Outlook (Volume, Million Units, Revenue, USD Billion; 2017–2030)
Electric Bike
Plug-in Hybrid PEV
EV Passenger Cars
Heavy Delivery Vans
Others
Installation Type Outlook (Volume, Million Units, Revenue, USD Billion; 2017–2030)
Portable Charger
Fixed Charger
Application Outlook (Volume, Million Units, Revenue, USD Billion; 2017–2030)
Public
Private
Regional Outlook (Volume, Million Units, Revenue, USD Billion; 2017–2030)
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of MEA
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The report covers the analysis of the factors anticipated to drive the Global Electric Vehicle Charging Infrastructure Market growth over the forecast period of 2022-2030. The report is an all-inclusive document covering the market landscape and a futuristic perspective on its growth and progress. The report also provides an analysis of the entry-level driving and restraining factors for the new entrants contributing to the market. The report considers 2019 as the base year and 2017-2018 as the historical years. It puts examines drivers and restraints of the Electric Vehicle Charging Infrastructure market and analyzes their impact on the industry throughout the forecast period.
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