2016 – 2026
GLOBAL ELECTRIC VEHICLE CHARGING INFRASTRUCTURE MARKET FORECAST & OPPORTUNITIES
www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING
Scope of Report Product of Interest (POI): Electric Vehicle Charging Infrastructure
An electric vehicle charging station is equipment that connects an electric vehicle (EV) to a source of electricity to recharge electric cars, neighbourhood electric vehicles and plug-in hybrids. Some charging stations have advanced features such as smart metering, cellular capability and network connectivity, while others are more basic.
Market Segmentation Year Range VEHICLE TYPE
CONNECTOR TYPE
REGION
•
Two-wheeler
•
Uk 3-Pin
•
Asia-Pacific
•
Four-wheeler
•
Industrial Commando
•
Europe
•
Commercial vehicle
•
Type 1
•
North America
•
Type 2
•
South America
•
CHAdeMO
•
Middle East & Africa
•
CCS
•
Tesla’s Proprietary
CHARGING MODE
•
Plug-in
•
Wireless
•
Residential
•
Commercial
TYPE
•
AC
•
DC
2016 – 2019 Base Year
2020 Estimated Year
TYPE OF CHARGING
Supercharger Connectors
INSTALLED LOCATION
Review Period
•
Slow
•
Fast
2021 Forecast Period
2022 – 2026
2
Table of Contents S. No.
Contents
1.
Product Overview
2.
Research Methodology
3.
Executive Summary
4.
Voice of Customer
5.
4.1.
Availability of Charging Station
4.2.
Type of Charger
4.3.
Charging Time
Page No.
Global Electric Vehicle Charging Infrastructure Market Outlook 5.1.
Market Size & Forecast 5.1.1.
5.2.
5.3.
By Value & By Volume
Market Share & Forecast 5.2.1.
By Vehicle type (Two-wheeler, Four-wheeler, and Commercial vehicle)
5.2.2.
By Type (AC and DC)
5.2.3.
By Charging Mode (Plug-in and Wireless)
5.2.4.
By Installed Location (Residential and Commercial)
5.2.5.
By Connector Type (Uk 3-Pin, Industrial Commando, Type 1, Type 2, CHAdeMO, CCS and Tesla’s Proprietary Supercharger Connectors)
5.2.6.
By Type of Charging (Slow, Fast)
5.2.7.
By Company (2020)
5.2.8.
By Region
Product Market Map
3
Table of Contents S. No. 6.
Contents
Page No.
Asia-Pacific Electric Vehicle Charging Infrastructure Market Outlook 6.1.
Market Size & Forecast
6.1.1. 6.2.
6.3.
By Value & By Volume
Market Share & Forecast 6.2.1.
By Vehicle Type
6.2.2.
By Type
6.2.3.
By Charging Mode
6.2.4.
By Installed Location
6.2.5.
By Connector Type
6.2.6.
By Type of Charging
6.2.7.
By Country
Asia-Pacific: Country Analysis 6.3.1.
China Electric Vehicle Charging Infrastructure Market Outlook 6.3.1.1.
Market Size & Forecast 6.3.1.1.1.
6.3.1.2.
By Value & By Volume
Market Share & Forecast 6.3.1.2.1.
By Vehicle Type
6.3.1.2.2.
By Type
6.3.1.2.3.
By Charging Mode
6.3.1.2.4.
By Installed Location
6.3.1.2.5.
By Connector Type
6.3.1.2.6.
By Type of Charging
4
Table of Contents S. No.
Contents 6.3.2.
India Electric Vehicle Charging Infrastructure Market Outlook 6.3.2.1.
Market Size & Forecast 6.3.2.1.1.
6.3.2.2.
6.3.3.
Page No.
By Value & By Volume
Market Share & Forecast
6.3.2.2.1.
By Vehicle Type
6.3.2.2.2.
By Type
6.3.2.2.3.
By Charging Mode
6.3.2.2.4.
By Installed Location
6.3.2.2.5.
By Connector Type
6.3.2.2.6.
By Type of Charging
Japan Electric Vehicle Charging Infrastructure Market Outlook 6.3.3.1.
Market Size & Forecast 6.3.3.1.1.
6.3.3.2.
By Value & By Volume
Market Share & Forecast 6.3.3.2.1.
By Vehicle Type
6.3.3.2.2.
By Type
6.3.3.2.3.
By Charging Mode
6.3.3.2.4.
By Installed Location
6.3.3.2.5.
By Connector Type
6.3.3.2.6.
By Type of Charging
5
Table of Contents S. No.
Contents 6.3.4.
Vietnam Electric Vehicle Charging Infrastructure Market Outlook 6.3.4.1.
Market Size & Forecast
6.3.4.1.1. 6.3.4.2.
6.3.5.
Page No.
By Value & By Volume
Market Share & Forecast 6.3.4.2.1.
By Vehicle Type
6.3.4.2.2.
By Type
6.3.4.2.3.
By Charging Mode
6.3.4.2.4.
By Installed Location
6.3.4.2.5.
By Connector Type
6.3.4.2.6.
By Type of Charging
South Korea Electric Vehicle Charging Infrastructure Market Outlook 6.3.5.1.
Market Size & Forecast 6.3.5.1.1.
6.3.5.2.
By Value & By Volume
Market Share & Forecast 6.3.5.2.1.
By Vehicle Type
6.3.5.2.2.
By Type
6.3.5.2.3.
By Charging Mode
6.3.5.2.4.
By Installed Location
6.3.5.2.5.
By Connector Type
6.3.5.2.6.
By Type of Charging
6
Table of Contents S. No.
Contents 6.3.6.
Australia Electric Vehicle Charging Infrastructure Market Outlook 6.3.6.1.
Market Size & Forecast 6.3.6.1.1.
6.3.6.2.
7.
Page No.
By Value & By Volume
Market Share & Forecast 6.3.6.2.1.
By Vehicle Type
6.3.6.2.2.
By Type
6.3.6.2.3.
By Charging Mode
6.3.6.2.4.
By Installed Location
6.3.6.2.5.
By Connector Type
6.3.6.2.6.
By Type of Charging
Europe Electric Vehicle Charging Infrastructure Market Outlook 7.1.
Market Size & Forecast 7.1.1.
7.2.
7.3.
By Value & By Volume
Market Share & Forecast 7.2.1.
By Vehicle Type
7.2.2.
By Type
7.2.3.
By Charging Mode
7.2.4.
By Installed Location
7.2.5.
By Connector Type
7.2.6.
By Type of Charging
7.2.7.
By Country
Europe: Country Analysis
7
Table of Contents S. No.
Contents 7.3.1.
United Kingdom Electric Vehicle Charging Infrastructure Market Outlook 7.3.1.1.
Market Size & Forecast 7.3.1.1.1.
7.3.1.2.
7.3.2.
Page No.
By Value & By Volume
Market Share & Forecast 7.3.1.2.1.
By Vehicle Type
7.3.1.2.2.
By Type
7.3.1.2.3.
By Charging Mode
7.3.1.2.4.
By Installed Location
7.3.1.2.5.
By Connector Type
7.3.1.2.6.
By Type of Charging
Germany Electric Vehicle Charging Infrastructure Market Outlook 7.3.2.1.
Market Size & Forecast 7.3.2.1.1.
7.3.2.2.
By Value & By Volume
Market Share & Forecast
7.3.2.2.1.
By Vehicle Type
7.3.2.2.2.
By Type
7.3.2.2.3.
By Charging Mode
7.3.2.2.4.
By Installed Location
7.3.2.2.5.
By Connector Type
7.3.2.2.6.
By Type of Charging
8
Table of Contents S. No.
Contents 7.3.3.
France Electric Vehicle Charging Infrastructure Market Outlook 7.3.3.1.
Market Size & Forecast 7.3.3.1.1.
7.3.3.2.
7.3.4.
Page No.
By Value & By Volume
Market Share & Forecast 7.3.3.2.1.
By Vehicle Type
7.3.3.2.2.
By Type
7.3.3.2.3.
By Charging Mode
7.3.3.2.4.
By Installed Location
7.3.3.2.5.
By Connector Type
7.3.3.2.6.
By Type of Charging
Spain Electric Vehicle Charging Infrastructure Market Outlook 7.3.4.1.
Market Size & Forecast 7.3.4.1.1.
7.3.4.2.
By Value & By Volume
Market Share & Forecast
7.3.4.2.1.
By Vehicle Type
7.3.4.2.2.
By Type
7.3.4.2.3.
By Charging Mode
7.3.4.2.4.
By Installed Location
7.3.4.2.5.
By Connector Type
7.3.4.2.6.
By Type of Charging
9
Table of Contents S. No.
Contents 7.3.5.
Italy Electric Vehicle Charging Infrastructure Market Outlook 7.3.5.1.
Market Size & Forecast 7.3.5.1.1.
7.3.5.2.
7.3.6.
Page No.
By Value & By Volume
Market Share & Forecast 7.3.5.2.1.
By Vehicle Type
7.3.5.2.2.
By Type
7.3.5.2.3.
By Charging Mode
7.3.5.2.4.
By Installed Location
7.3.5.2.5.
By Connector Type
7.3.5.2.6.
By Type of Charging
Netherlands Electric Vehicle Charging Infrastructure Market Outlook 7.3.6.1.
Market Size & Forecast 7.3.6.1.1.
7.3.6.2.
By Value & By Volume
Market Share & Forecast
7.3.6.2.1.
By Vehicle Type
7.3.6.2.2.
By Type
7.3.6.2.3.
By Charging Mode
7.3.6.2.4.
By Installed Location
7.3.6.2.5.
By Connector Type
7.3.6.2.6.
By Type of Charging
10
Table of Contents S. No.
Contents 7.3.7.
Norway Electric Vehicle Charging Infrastructure Market Outlook 7.3.7.1.
Market Size & Forecast 7.3.7.1.1.
7.3.7.2.
7.3.8.
Page No.
By Value & By Volume
Market Share & Forecast 7.3.7.2.1.
By Vehicle Type
7.3.7.2.2.
By Type
7.3.7.2.3.
By Charging Mode
7.3.7.2.4.
By Installed Location
7.3.7.2.5.
By Connector Type
7.3.7.2.6.
By Type of Charging
Sweden Electric Vehicle Charging Infrastructure Market Outlook 7.3.8.1.
Market Size & Forecast 7.3.8.1.1.
7.3.8.2.
By Value & By Volume
Market Share & Forecast
7.3.8.2.1.
By Vehicle Type
7.3.8.2.2.
By Type
7.3.8.2.3.
By Charging Mode
7.3.8.2.4.
By Installed Location
7.3.8.2.5.
By Connector Type
7.3.8.2.6.
By Type of Charging
11
Table of Contents S. No. 8.
Contents
Page No.
North America Electric Vehicle Charging Infrastructure Market Outlook 8.1.
Market Size & Forecast
8.1.1. 8.2.
8.3.
By Value & By Volume
Market Share & Forecast 8.2.1.
By Vehicle Type
8.2.2.
By Type
8.2.3.
By Charging Mode
8.2.4.
By Installed Location
8.2.5.
By Connector Type
8.2.6.
By Type of Charging
8.2.7.
By Country
North America: Country Analysis 8.3.1.
United States Electric Vehicle Charging Infrastructure Market Outlook 8.3.1.1.
Market Size & Forecast 8.3.1.1.1.
8.3.1.2.
By Value & By Volume
Market Share & Forecast 8.3.1.2.1.
By Vehicle Type
8.3.1.2.2.
By Type
8.3.1.2.3.
By Charging Mode
8.3.1.2.4.
By Installed Location
8.3.1.2.5.
By Connector Type
8.3.1.2.6.
By Type of Charging
12
Table of Contents S. No.
Contents 8.3.2.
Mexico Electric Vehicle Charging Infrastructure Market Outlook 8.3.2.1.
Market Size & Forecast 8.3.2.1.1.
8.3.2.2.
8.3.3.
Page No.
By Value & By Volume
Market Share & Forecast 8.3.2.2.1.
By Vehicle Type
8.3.2.2.2.
By Type
8.3.2.2.3.
By Charging Mode
8.3.2.2.4.
By Installed Location
8.3.2.2.5.
By Connector Type
8.3.2.2.6.
By Type of Charging
Canada Electric Vehicle Charging Infrastructure Market Outlook 8.3.3.1.
Market Size & Forecast 8.3.3.1.1.
8.3.3.2.
By Value & By Volume
Market Share & Forecast
8.3.3.2.1.
By Vehicle Type
8.3.3.2.2.
By Type
8.3.3.2.3.
By Charging Mode
8.3.3.2.4.
By Installed Location
8.3.3.2.5.
By Connector Type
8.3.3.2.6.
By Type of Charging
13
Table of Contents S. No. 9.
Contents
Page No.
South America Electric Vehicle Charging Infrastructure Market Outlook 9.1.
Market Size & Forecast
9.1.1. 9.2.
9.3.
By Value & By Volume
Market Share & Forecast 9.2.1.
By Vehicle Type
9.2.2.
By Type
9.2.3.
By Charging Mode
9.2.4.
By Installed Location
9.2.5.
By Connector Type
9.2.6.
By Type of Charging
9.2.7.
By Country
South America: Country Analysis 9.3.1.
Brazil Electric Vehicle Charging Infrastructure Market Outlook 9.3.1.1.
Market Size & Forecast 9.3.1.1.1
9.3.1.2.
By Value & By Volume
Market Share & Forecast 9.3.1.2.1.
By Vehicle Type
9.3.1.2.2.
By Type
9.3.1.2.3.
By Charging Mode
9.3.1.2.4.
By Installed Location
9.3.1.2.5.
By Connector Type
9.3.1.2.6.
By Type of Charging
14
Table of Contents S. No.
Contents 9.3.2.
Argentina Electric Vehicle Charging Infrastructure Market Outlook 9.3.2.1.
Market Size & Forecast 9.3.2.1.1
9.3.2.2.
9.3.3.
Page No.
By Value & By Volume
Market Share & Forecast 9.3.2.2.1.
By Vehicle Type
9.3.2.2.2.
By Type
9.3.2.2.3.
By Charging Mode
9.3.2.2.4.
By Installed Location
9.3.2.2.5.
By Connector Type
9.3.2.2.6.
By Type of Charging
Colombia Electric Vehicle Charging Infrastructure Market Outlook 9.3.3.1.
Market Size & Forecast 9.3.3.1.1
9.3.3.2.
By Value & By Volume
Market Share & Forecast
9.3.3.2.1.
By Vehicle Type
9.3.2.2.2.
By Type
9.3.2.2.3.
By Charging Mode
9.3.2.2.4.
By Installed Location
9.3.2.2.5.
By Connector Type
9.3.3.2.6.
By Type of Charging
15
Table of Contents S. No. 10.
Contents
Page No.
Middle East & Africa Electric Vehicle Charging Infrastructure Market Outlook 10.1.
Market Size & Forecast 10.1.1.
10.2.
10.3.
By Value & By Volume
Market Share & Forecast 10.2.1.
By Vehicle Type
10.2.2.
By Type
10.2.3.
By Charging Mode
10.2.4.
By Installed Location
10.2.5.
By Connector Type
10.2.6.
By Type of Charging
10.2.7.
By Country
Middle East & Africa : Country Analysis
10.3.1.
UAE Electric Vehicle Charging Infrastructure Market Outlook 10.3.1.1.
Market Size & Forecast 10.3.1.1.1.
10.3.1.2.
By Value & By Volume
Market Share & Forecast 10.3.1.2.1.
By Vehicle Type
10.3.1.2.2.
By Type
10.3.1.2.3.
By Charging Mode
10.3.1.2.4.
By Installed Location
10.3.1.2.5.
By Connector Type
10.3.1.2.6.
By Type of Charging
16
Table of Contents S. No.
Contents 10.3.2.
Saudi Arabia Electric Vehicle Charging Infrastructure Market Outlook 10.3.2.1.
Market Size & Forecast 10.3.2.1.1.
10.3.2.2.
10.3.3.
Page No.
By Value & By Volume
Market Share & Forecast 10.3.2.2.1.
By Vehicle Type
10.3.2.2.2.
By Type
10.3.2.2.3.
By Charging Mode
10.3.2.2.4.
By Installed Location
10.3.2.2.5.
By Connector Type
10.3.2.2.6.
By Type of Charging
Qatar Electric Vehicle Charging Infrastructure Market Outlook 10.3.3.1.
Market Size & Forecast 10.3.3.1.1.
10.3.3.2.
By Value & By Volume
Market Share & Forecast 10.3.3.2.1.
By Vehicle Type
10.3.3.2.2.
By Type
10.3.3.2.3.
By Charging Mode
10.3.3.2.4.
By Installed Location
10.3.3.2.5.
By Connector Type
10.3.3.2.6.
By Type of Charging
17
Table of Contents S. No.
Contents 10.3.4.
South Africa Electric Vehicle Charging Infrastructure Market Outlook 10.3.4.1.
Market Size & Forecast
10.3.4.1.1. 10.3.4.2.
By Value & By Volume
Market Share & Forecast 10.3.4.2.1.
By Vehicle Type
10.3.4.2.2.
By Type
10.3.4.2.3.
By Charging Mode
10.3.4.2.4.
By Installed Location
10.3.4.2.5.
By Connector Type
10.3.4.2.6.
By Type of Charging
11.
Impact of COVID-19 on Global Electric Vehicle Charging Infrastructure Market
12.
Market Dynamics 12.1.
Drivers
12.2.
Challenges
Page No.
13.
Market Trends & Developments
14.
Competitive Landscape 14.1.
Competition Outlook
14.2.
Players Profiled (Leading Companies)
18
Table of Contents S. No.
Contents 14.2.1.
Company Details
14.2.2.
Products & Services
14.2.3.
Financials (As Reported)
14.2.4.
Key Market Focus & Geographical Presence
14.2.5.
Recent Developments
14.2.6.
Key Management Personnel
15.
Strategic Recommendations
16.
About Us & Disclaimer
Page No.
19
RESEARCH METHODOLOGY
Research Methodology
Market Profiling
In-depth secondary research was conducted to determine top players in the global electric vehicle charging infrastructure market, overall market size and segmental market size.
Formulating Questionnaire
In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide.
Developing List of Respondents
Data Collection
Data Validation
Data obtained as a result of primary and secondary research was validated through rigorous triangulation.
TechSci conducted interviews with industry experts and industry players for data collection and verification.
List of industry players and industry specialists was developed.
Primary Research
Data Collection
Data Filter & Analysis
Research & Intelligence
Actionable Insights
Business Solution
LinkedIn TechSci Internal Database
✓ Recent Developments ✓ Market Changing Aspects/Dynamics ✓ Government Policies ✓ Conclusion
✓ Identifying Key Opinion Leaders ✓ Questionnaire Design ✓ In-depth Interviews
Primary Research ✓ ✓
Desk Research
Secondary Research ✓ ✓ ✓ ✓ ✓ ✓ ✓
Company Websites Company Annual Reports White Paper Study Financial Reports Investor Presentations Regulatory Body Associations, etc.
Data Analysis
The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about the global electric vehicle charging infrastructure market.
Company Analysis ✓ Market Participants ✓ Key Strengths
Paid Sources
✓ ✓
Factiva Hoovers
21
Research Methodology Baseline Methodology
Our dedicated team of industry experts has monitored and analyzed various aspects of the global electric vehicle charging infrastructure market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as electric vehicle charging infrastructure. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in the global electric vehicle charging infrastructure market.
Methodology Followed for Calculation of Market Size:
•
Market Size by Value & Volume: Market size, in terms of value & volume, for the year 2020 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as electric vehicle charging infrastructure companies, channel partners, market influencers & end-users, industry experts, and other industry participants.
•
The team interviewed more than 15 – 20 electric vehicle charging infrastructure companies, 100 – 120 end-users, and 15 – 20 industry
experts and other value chain stakeholders in the global electric vehicle charging infrastructure market to obtain the overall market size from 2016 to 2020, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during 2016-2020.
22
Research Methodology •
Respondents were asked about the current and future market growth rates, market shares by vehicle type, by type, by charging mode, by installed location, by connector type, by type of charging, by company and by region. Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders.
Methodology Followed for Calculation of Market Shares: •
Market share by vehicle type, by type, by charging mode, by installed location, by connector type, by type of charging, by company and by region were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various segments of electric vehicle charging infrastructure markets. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers.
Methodology Followed for Forecasting: •
TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in SPSS/Tableau Software.
•
Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast global electric vehicle charging infrastructure market, TechSci Research used various forecast techniques such as:
✓
Moving Average
✓
Time Series Analysis
✓
Regression Analysis
✓
Econometric and Judgmental Analysis
23
Research Methodology TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that the figures compiled are only for the organized market including market share data. The currency used in the report is the United States Dollar (USD), with the market size indicated in USD million. Partial List of Companies Interviewed
Key Secondary Sources
•
ChargePoint, Inc.
▪
World Bank
•
EVBox B.V.
▪
TechSci Research Proprietary Database & Knowledge Repository
•
ABB Ltd.
▪
Company Annual Reports
•
Tesla, Inc.
▪
Industry Magazines
•
Webasto SE
▪
Industry Reports
•
Siemens AG
▪
News Dailies
•
Schneider Electric SE
▪
Credible Paid Databases
•
Eaton Corporation plc
•
Royal Dutch Shell Plc
•
TGOOD Global Ltd.
24
Industry Brief According to TechSci Research report, “Global Electric Vehicle Charging Infrastructure Market By Vehicle Type (Two Wheeler, Four Wheeler and Commercial Vehicle), By Type (AC and DC), By Charging Mode (Plug-in and Wireless), By Installed Location (Residential and Commercial), By Connector Type (Uk 3-Pin, Industrial Commando, Type 1, Type 2, CHAdeMO, CCS, Tesla’s proprietary supercharger connectors), By Type of Charging ( Slow and Fast), By Region, Competition, Forecast & Opportunities, 2026”, the Global Electric Vehicle Charging Infrastructure market is anticipated to reach USD36.72 billion by 2026 because of continuously rising pollution levels all around the world and increasing demand for electric vehicle globally. The significant market growth is primarily due to the rising number of initiatives undertaken by both public as well as private sectors to encourage the population to switch to EVs. The governments all around the world are creating awareness among their citizens to use electric vehicles rather than other fuel-based vehicles to reduce pollution level in their respective countries. The step taken by the governments is showing a good result, as the demand for electric vehicles is increasing rapidly. Fuels like petrol, diesel, etc. increase the pollution level in the atmosphere by releasing harmful gases like carbon monoxide. However, with electric vehicles, the chances of polluting atmosphere reduce as these vehicles use battery to power themselves, hence reducing vehicle emissions. Electric vehicles not only decrease the pollution levels but also have inexpensive ownership costs. As the demand for electric vehicles are increasing, it is important to develop or setup new EV charging stations to overcome the shortage of charging stations. Global Electric Vehicle Charging Infrastructure market can be segmented based on vehicle type, by type, by charging mode, by installed location, by connector type and by type of charging. On the basis of vehicle type, the market can be classified into two-wheeler, four-wheeler and commercial vehicle. Based on vehicle type, electric two-wheelers have the majority of share because of high fluctuation in petrol prices all around the world. Owing to large share of two wheelers, the charging stations are also more for two wheelers than four wheelers. In the forecast period, two-wheeler charging infrastructure is expected to dominate over four-wheeler, but the four-wheeler is expected to show a good year-on-year growth. Based on type, AC charging stations are more than DC because of low power consumption and less costly to setup. However, due to more charging time, it is expected that the DC charging station will show a good growth in forecast period. By charging mode, plug-in charging stations are more than 95% and it is expected that it will dominate the wireless charging station with almost same amount of share. By installed location, commercial EV charging station dominates the residential EV charging station because the cost of installation is more for residential EV charging station than commercial charging station. Due to increasing fleet of electric vehicle, it is expected that residential EV charging station will increase in the forecast period at a good year-on-year growth, but commercial EV charging station remains dominant in the future as well. Based on type of charging, the slow EV charging stations are more than fast charging stations. However, as the fleet of electric vehicle increases, the demand for fast charging station will also increase. Hence, it is expected that in the forecast period, fast charging stations will increase and the margin of share between slow and fast will decrease rapidly. Major players operating in the global Electric Vehicle Charging Infrastructure market are TGOOD Global Ltd., ChargePoint, Inc. EVBox, ABB etc., are among some of the leading players operating in the global Electric Vehicle Charging Infrastructure market. Apart from these companies, Tesla, Webasto Group, Siemens AG, Schneider Electric, Eaton and Royal Dutch Shell plc. are key players are developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers and acquisition, new product developments and also increasing their marketing activities and enriching product portfolio globally to increase their customer outreach. “In 2020, Asia-Pacific accounted for the largest share, i.e., 64.71% in the global Electric Vehicle Charging Infrastructure market and it is expected to dominate in the forecast period also. Asia-Pacific is leading the global Electric Vehicle Charging Infrastructure market because of increase fleet of electric vehicles in China. China itself has a share of approximately above 50% in the global Electric Vehicle Charging Infrastructures sales.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
25
Industry Brief Global Electric Vehicle Charging Infrastructure Market Size, By Value (USD Million) & By Volume (Thousand Units), 2016-2026F
7.00 30.00
6.00 20.00
5.00 10.00 2016
8.00 40.00
CAGR By Value & Volume
XX%
9.00 50.00
10.00 60.00
2020
2021E
11.00 70.00
12.00 80.00
15.00 110.00
14.00 100.00
13.00 90.00
2026F
CAGR By Value & Volume
XX%
By Value (USD Million) By Volume (Thousand Units)
North America Electric Vehicle Charging Infrastructure Market Share, By Vehicle Type, By Volume, 2016–2026F Two-wheeler
Four-wheeler
33% 33% 33% 33% 33% 33% 33% 33% 33% 33% 33%
2026F 2025F 2024F 2023F 2022F 2021E 2020 2019 2018 2017 2016
Commercial vehicle
33% 33% 33% 33% 33% 33% 33% 33% 33% 33% 33%
34% 34% 34% 34% 34% 34% 34% 34% 34% 34% 34%
United States Electric Vehicle Charging Infrastructure Market Share, By Type, By Volume, 2016–2026F
DC
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
2016
2017
2018
2019
2020
2021E
2022F
2023F
2024F
2025F
2026F
AC 26
Report Ordering
Report Name: GLOBAL ELECTRIC VEHICLE CHARGING INFRASTRUCTURE MARKET FORECAST & OPPORTUNITIES
2016 – 2026 License Type
Price
Single User License
$4900
Multi-User License
$5900
Custom Research License
$8900
To View Sample OR Purchase Report
27
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