MarkNtel Advisors recently published a detailed industry analysis of the Global Electric Vehicle Charging Infrastructure. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Global Electric Vehicle Charging Infrastructure, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030
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.
Key Findings in Global Electric Vehicle Charging Infrastructure:
- Historical Analysis: 2019–2022
- Base Year: 2023
- Forecast Period: 2024–2030
Leading Market Players-
ABB, Tesla, Eaton, Pod Point, General Electric, Schneider Electric, BYD, Siemens, Evgo, and EVBOX
Key Highlights of the Report
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
What are the major Driver the Global Electric Vehicle Charging Infrastructure industry?
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.
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What segments define the Global Electric Vehicle Charging Infrastructure from 2024 to 2030? How do these segments contribute to market dynamics and growth?
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)
According to report, Among them, Pedestal Mounted holds a prominent market share in the Global Electric Vehicle Charging Infrastructure.
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)
According to report, Of them all, Commercial holds a dominant market share in the Global Electric Vehicle Charging Infrastructure market.
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)
Explore the Complete Global Electric Vehicle Charging Infrastructure Analysis Report – https://www.marknteladvisors.com/research-library/ev-charging-infrastructure-market.html
Geographical Analysis: Global Electric Vehicle Charging Infrastructure
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
The Global Electric Vehicle Charging Infrastructure Industry Recent Development:
- 2024 Years: ABB Launched a new charger that provides about 99% charging success rates, almost 97% uptime, and fast service response.
- 2023 Years: BYD Partnered with Raizen to create almost 600 charging stations in Brazil to facilitate the adoption of EVs in the country.
Key Questions Addressed in This Study
- What are the primary factors driving the growth of the Global Electric Vehicle Charging Infrastructure?
- How is the Global Electric Vehicle Charging Infrastructure expected to evolve over the next five years?
- What key insights can be drawn from current trends shaping the market?
- What is the current market size, and how is it forecasted to change in the coming years?
- What is the future outlook for the market in terms of technological innovation and geographic expansion?
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Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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