The global charging as a service market size is estimated to reach USD 1.23 billion by 2030, registering a CAGR of 25.0% from 2025 to 2030. The growth of the charging-as-a-service industry can be attributed to factors such as accessibility, ease of use, and a lower upfront cost of buying and installing a charging station. This encourages overall electric vehicle usage to improve environmental and public health.
Countries across the world are encouraging the adoption of electric vehicles, and many nations have participated in initiatives to reduce carbon emissions significantly till 2030 or 2050. Charging-as-a-service plays a crucial role in driving EV adoption by providing effective charging infrastructure and completing the switch from Internal Combustion Engine (ICE) vehicles to electric vehicles. Governments and key market players worldwide are investing heavily in the charging-as-a-service business model to foster the adoption of electric vehicles, which bodes well for the market’s growth.
Businesses, public spaces, and industries are realizing the benefits of deploying charging-as-a-service at their premises. The EV charging as a service business model helps companies offer their clients and employees a comfortable charging spot to help them retain their clientele and improve employee satisfaction. Moreover, by renting out their spaces for the CaaS business model, businesses, industries, land, and even residential area owners can generate additional revenue while benefiting the environment and society. These benefits are fostering service adoption in the market.
During the wake of the pandemic, the sales of electric vehicles did reduce, which affected the CaaS market adversely. However, the COVID-19 outbreak has highlighted the vulnerabilities and shortcomings of economies and business practices, leading governments and citizens to take more sustainable and environmentally aware initiatives. This scenario has pushed the adoption of EVs and CaaS business models, as the world recovers from the pitfalls of the pandemic.
This product will be delivered within 1-3 business days.
Countries across the world are encouraging the adoption of electric vehicles, and many nations have participated in initiatives to reduce carbon emissions significantly till 2030 or 2050. Charging-as-a-service plays a crucial role in driving EV adoption by providing effective charging infrastructure and completing the switch from Internal Combustion Engine (ICE) vehicles to electric vehicles. Governments and key market players worldwide are investing heavily in the charging-as-a-service business model to foster the adoption of electric vehicles, which bodes well for the market’s growth.
Businesses, public spaces, and industries are realizing the benefits of deploying charging-as-a-service at their premises. The EV charging as a service business model helps companies offer their clients and employees a comfortable charging spot to help them retain their clientele and improve employee satisfaction. Moreover, by renting out their spaces for the CaaS business model, businesses, industries, land, and even residential area owners can generate additional revenue while benefiting the environment and society. These benefits are fostering service adoption in the market.
During the wake of the pandemic, the sales of electric vehicles did reduce, which affected the CaaS market adversely. However, the COVID-19 outbreak has highlighted the vulnerabilities and shortcomings of economies and business practices, leading governments and citizens to take more sustainable and environmentally aware initiatives. This scenario has pushed the adoption of EVs and CaaS business models, as the world recovers from the pitfalls of the pandemic.
Charging As A Service Market Report Highlights
- The subscription segment is expected to witness fastest growth during the forecast period. This service model has been seen as a sustainable and popular business model. It divides the cost of charging an electric vehicle into monthly/variable payments, which reduces the burden of paying the upfront cost of installing and maintaining the charging infrastructure
- The DC charging station segment is expected to expand at a fastest CAGR during the assessment period. DC charging is a faster charging option as compared to AC charging. DC chargers have an inbuilt converter that converts AC into DC, lowering the charging time. By deploying DC charging stations via CaaS, CaaS providers can capitalize on more customers since it has less waiting and charging time
- The commercial segment held the largest revenue share in 2024. It includes office buildings, hospitality, multi-facility units, parking garages, and others. CaaS installed at these commercial premises can benefit both providers and end-users
- By offering CaaS at commercial premises, providers can leverage the high EV-driving traffic. At the same time, end users can reduce their vehicle’s range anxiety by accessing charging at such common and accessible spots, which fosters the growth of the segment
- Asia Pacific dominated the regional market in 2024. The growth can be attributed to a broader customer base and the presence of a substantial number of charging-as-a-service providers in the region. Encouraging government initiatives to promote electric vehicles and CaaS also bodes well for the regional market's growth.
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
This product will be delivered within 1-3 business days.
Table of Contents
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Charging As A Service Market Variables and Trends
Chapter 4 Charging As A Service Market: Service Estimates & Trend Analysis
Chapter 5 Charging As A Service Market: Charging Station Estimates & Trend Analysis
Chapter 6 Charging As A Service Market: Application Estimates & Trend Analysis
Chapter 7 Charging As A Service Market: Regional Estimates & Trend Analysis
Chapter 8 Charging As A Service Market - Competitive Landscape
List of Tables
List of Figures
Companies Mentioned
- Chargepoint Holdings, Inc.
- Shell Recharge Solutions
- Ev Connect
- Ev Safe Charge Inc
- Blink Charging Co.
- Lightning Emotors
- Semaconnect
- Catec
- Wattlogic, LLC
- Bp Pulse
Methodology
LOADING...
