The electric vehicle charging station market is estimated to grow from USD 7.4 billion in 2019 to USD 25.1 billion by 2025, at a CAGR of approximately 23%. The future of the electric vehicle charging station market creates new opportunities for electric vehicle charging station manufacturers and players presence across the value chain. The electric vehicle charging station market is expected to decline in 2020 due to COVID-19 and is expected to recover in 2021. The major growth drivers for this market are need of charging station due to growth of the electric vehicle.
APAC is the largest along with the fastest growing region in the global electric vehicle charging station market due to growth of the electric vehicle industry. AC charging station is the largest charging type for electric vehicle charging station market.
Electric vehicle charging station market is consolidated and some of the major players in this market include ABB, Tesla, Siemens, Eaton, Webasto, Charge Point, Xcharge and others
The sample figures with some insights are shown below
The scope of the global Electric Vehicle Charging Station market report is as follows:
- Key Features Description
- Base Year 2019
- Trend Period 2014-2019
- Forecast Period 2020-2025
- Units Considered Value ($ Million)
Market Segments By Charging Type (AC Charging, DC Charging, and Wireless), By Charging Level (Level 1, Level 2, and Level 3) By Application (Commercial and Personal)
Regional / Country North America ( US, Canada, and Mexico), Europe (UK, Germany,Norway, and Rest of Europe), Asia Pacific (Japan, China, and Rest of APAC), and RoW
The report performed both primary as well as exhaustive secondary research for this study. Initially, the report analyzed all the leading electric vehicle charging station manufacturers across the globe. Subsequently, conducted primary research surveys with the identified companies. While interviewing, the company personnel were enquired about their key products, revenues, manufacturing plant location, and competitors. For this study, The report conducted more than 20 interviews, the same are mentioned below:
- By company type: Manufacturers (50%), Consumers (25%), Researchers (15%), Independent industry consultant (10%)
- By geography: North America (25%), Asia (40%), Europe (25%), Rest of the World (15%)
- By designation: Top level (40%), Operation level (20%), Mid-level (40%)
The report analyzed by charging type, charging level, application, and regional presence of all major electric vehicle charging station manufacturers across the globe. Market size for global electric vehicle charging station was calculated by using bottom-up approach as well as top –down approach. Various secondary sources such as secondary sources directories, database, company annual reports, white papers, investor presentations and financial reports were also studied to estimate the market size and growth rate.