Electric Vehicle Charging Infrastructure Market Poised for Robust Growth, Forecasted to Expand at 18.12% CAGR from 2024-30

MarkNtel Advisors has released its latest report highlighting strong growth in The Global 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. 

Report Coverage

This report offers a comprehensive analysis of the Electric Vehicle Charging Infrastructure Market, providing valuable insights across historical trends, current dynamics, and future forecasts.

• Base Year: 2023
• Forecast Years: 2024-30
• Historical Years: 2019-22

Electric Vehicle Charging Infrastructure Market Overview

The Global Electric Vehicle Charging Infrastructure market is witnessing significant growth due to factors such as the increasing transition towards sustainable & eco-friendly vehicles and the rising implementation of government policies to build charging stations.

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Electric Vehicle Charging Infrastructure Market Segmentation Outlook

The Electric Vehicle Charging Infrastructure is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

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)

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)

By Power Output

• Upto 50kW- Market Size & Forecast 2019-2030, (USD Million)
• 1kW-300kW- Market Size & Forecast 2019-2030, (USD Million)
• Above 300kW- Market Size & Forecast 2019-2030, (USD Million)

By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Electric Vehicle Charging Infrastructure Market Driver

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.

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Top Electric Vehicle Charging Infrastructure Market Brands & Their Strategic Market Positioning

MarkNtel Advisors Research identifies ABB, Tesla, Eaton, Pod Point, General Electric, Schneider Electric, BYD, Siemens, Evgo, and EVBOX Others as key players shaping the market landscape.

Electric Vehicle Charging Infrastructure Market News

• 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 Answered in the Report

• What is the market size (value & volume) along with the current & future trends, growth factors & challenges, etc.?
• How the industry has been evolving, and which segments would dominate the market during the forecast period?
• What are the key opportunity areas that companies foresee in the coming years 2030?
• Who are the key players in the market, and what are their competitive strengths?
• What are the key growth drivers & challenges associated with the market, and how would they impact the market through the forecast period?

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