Electric Vehicle (EV) Charging Station Market Growth Trend & Forecast with latest research study released by Delvens evaluating the market risk side analysis, highlighting opportunities, and leveraging strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Global market, the global Electric Vehicle (EV) Charging Station market size was estimated at USD 16.03 billion in 2023 and is projected to reach USD 186.8 billion in 2030 at a CAGR of 42.1% during the forecast period to 2030.
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An electric vehicle charging station is a device or equipment that is used to recharge electric vehicles by connecting them to a source of electricity. These charging stations are typically installed at public locations such as shopping centers, parking lots, and other areas where electric vehicles may need to be charged. Private companies or electric utility companies are responsible for installing these charging stations. Electric vehicle charging stations provide different types of charging levels, including level 1, level 2, and level 3.
North America to Dominate the Market
- Europe would exhibit the highest CAGR As more people switch to electric vehicles, the demand for charging stations is also increasing, which is fueling the growth of the market.
- The growth of the electric vehicle charging station market is expected to continue in the coming years, as more countries and regions adopt policies to promote the use of electric vehicles.
Recent Developments
Shell Deutschland GmbH, a subsidiary of Shell, has acquired SBRS GmbH, a subsidiary of Schaltbau Holding AG. SBRS GmbH is a well-known provider of charging infrastructure solutions for commercial electric vehicles. The acquisition has added valuable experience in electric bus charging to Shell’s portfolio.
Erisha E Mobility is a subsidiary of Rana Group, which has announced the launch of three new electric vehicles and EV charging stations. The three new electric vehicles are E-Superior Electric Cargo Loader, E-Supreme Electric Delivery Van, and E-Smart Electric Passenger Vehicle three-wheeler auto. These vehicles belong to the L5 category, which means they are designed for commercial use and can carry heavy loads.
The prominent players in the Electric Vehicle (EV) Charging Station market are
- ABB Ltd.
- ChargePoint, Inc.
- EVgo Services LLC.
- Allego
- Scheinder Electric
- Blink Charging Co.
- Wi Tricity Corporation
- Efacec
- Alfen N.V.
- Denso Corporation
- Elix Wireless
- Tesla Inc.
- ClipperCreek
- Engie
- Infineon Technologies AG
- Qualcomm Technologies, Inc. and More
Key Findings
- On the basis of charging station type, The DC charging station is the most popular type of electric vehicle charging station in the global market in 2022, with the largest revenue share. This is mainly due to the fast charging capacity and attractive pricing of DC charging stations, which make them a convenient and cost-effective option for electric vehicle owners.
- On the basis of vehicle type, Governments worldwide are promoting the production of automobiles in response to the increasing concerns about the environmental impact of conventional cars. The combustion of fossil fuels in conventional cars releases harmful pollutants into the atmosphere, contributing to air pollution and climate change.
- On the basis of Connecter Type, The AC charging specification is a type of charging system for electric vehicles that was created by Mennekes, a well-known connection maker.
- The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. the growth of the electric vehicle charging station market in Europe and North America.
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