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Electric Vehicle Chargers - Global Strategic Business Report

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    Report

  • 364 Pages
  • December 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5985377
The global market for Electric Vehicle Chargers is estimated at US$12.4 Billion in 2023 and is projected to reach US$79.7 Billion by 2030, growing at a CAGR of 30.5% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the electric vehicle chargers market is driven by several factors. The increasing adoption of electric vehicles globally is a primary driver, as more consumers and businesses transition to sustainable transportation options. Government incentives and regulations promoting the use of electric vehicles and the development of charging infrastructure are also crucial factors. Technological advancements that improve the efficiency and convenience of EV chargers are making them more attractive to consumers. The expansion of public charging networks by both private companies and government initiatives is enhancing the accessibility of charging stations, alleviating range anxiety and encouraging EV adoption. Additionally, the integration of renewable energy sources with EV chargers aligns with the growing focus on sustainable energy solutions, further propelling market growth. These factors collectively ensure robust expansion in the electric vehicle chargers market, meeting the evolving demands of the EV industry and contributing to the broader goal of reducing carbon emissions and promoting clean energy.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Off-Board Chargers segment, which is expected to reach US$67.1 Billion by 2030 with a CAGR of a 31.4%. The On-Board Chargers segment is also set to grow at 26.3% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $3.4 Billion in 2023, and China, forecasted to grow at an impressive 40.5% CAGR to reach $22.5 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Electric Vehicle Chargers Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Electric Vehicle Chargers Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Electric Vehicle Chargers Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as ABB Ltd., Bolt.Earth, BP Pulse (Chargemaster Limited), and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 37 Featured):

  • ABB Ltd.
  • Bolt.Earth
  • BP Pulse (Chargemaster Limited)
  • E.ON UK PLC
  • E-Fill Electric (EFEV Charging Solutions Pvt. Ltd.)
  • Keba AG
  • MENNEKES Group (eMobility)
  • Pod Point Limited
  • Renesas Electronics Corporation
  • Schaffner Holding AG
  • Schneider Electric
  • Servotech Power Systems
  • Shell
  • Siemens AG
  • The Lincoln Electric Company
  • Tommatech GmbH

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Global Economic Update
  • Electric Vehicle Chargers - Global Key Competitors Percentage Market Share in 2024 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Growing Adoption of Electric Vehicles (EVs) Propels Demand for Chargers
  • Technological Innovations in Charging Infrastructure Strengthen Business Case
  • Expansion of Fast-charging Networks Drives Market Growth
  • Increasing Government Initiatives and Subsidies for EV Infrastructure Accelerate Market Dynamics
  • Rising Awareness of Environmental Benefits and Sustainability Generates Opportunities
  • Impact of Urbanization and Smart City Projects on Charging Infrastructure Drives Adoption
  • Consumer Preference for Convenient and Efficient Charging Solutions Sustains Market Growth
  • Increasing Focus on Standardization and Interoperability of Charging Stations Spurs Market
  • Growth of Home and Workplace Charging Solutions Expands Addressable Market
  • Innovations in Wireless and Inductive Charging Technologies Propel Market
  • Rising Investments in Renewable Energy-powered Charging Stations Enhance Market Dynamics
  • Expansion of Ride-sharing and Fleet Electrification Drives Demand for Chargers
  • Impact of Global Supply Chain Dynamics on Charging Equipment Production and Pricing
  • Increasing Availability of Public Charging Stations Boosts Market Adoption
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Electric Vehicle Chargers Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
  • Table 2: World Recent Past, Current & Future Analysis for Electric Vehicle Chargers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 3: World Historic Review for Electric Vehicle Chargers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 4: World 16-Year Perspective for Electric Vehicle Chargers by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
  • Table 5: World Recent Past, Current & Future Analysis for Off-Board Chargers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 6: World Historic Review for Off-Board Chargers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 7: World 16-Year Perspective for Off-Board Chargers by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 8: World Recent Past, Current & Future Analysis for On-Board Chargers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 9: World Historic Review for On-Board Chargers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 10: World 16-Year Perspective for On-Board Chargers by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 11: World Recent Past, Current & Future Analysis for Plug-in Hybrid Electric Vehicle (PHEV) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 12: World Historic Review for Plug-in Hybrid Electric Vehicle (PHEV) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 13: World 16-Year Perspective for Plug-in Hybrid Electric Vehicle (PHEV) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 14: World Recent Past, Current & Future Analysis for Battery Electric Vehicle (BEV) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 15: World Historic Review for Battery Electric Vehicle (BEV) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 16: World 16-Year Perspective for Battery Electric Vehicle (BEV) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 17: World Recent Past, Current & Future Analysis for Hybrid Electric Vehicle (HEV) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 18: World Historic Review for Hybrid Electric Vehicle (HEV) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 19: World 16-Year Perspective for Hybrid Electric Vehicle (HEV) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 20: World Recent Past, Current & Future Analysis for Residential End-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 21: World Historic Review for Residential End-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 22: World 16-Year Perspective for Residential End-Use by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 23: World Recent Past, Current & Future Analysis for Commercial End-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 24: World Historic Review for Commercial End-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 25: World 16-Year Perspective for Commercial End-Use by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Electric Vehicle Chargers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
CANADA
JAPAN
  • Electric Vehicle Chargers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
CHINA
  • Electric Vehicle Chargers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
EUROPE
  • Electric Vehicle Chargers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
FRANCE
  • Electric Vehicle Chargers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
GERMANY
  • Electric Vehicle Chargers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
ITALY
UNITED KINGDOM
  • Electric Vehicle Chargers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Electric Vehicle Chargers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
AUSTRALIA
  • Electric Vehicle Chargers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2024 (E)
INDIA
  • Electric Vehicle Chargers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2024 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Electric Vehicle Chargers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Electric Vehicle Chargers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Electric Vehicle Chargers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (E)
IV. COMPETITION

Companies Mentioned

  • ABB Ltd.
  • Bolt.Earth
  • BP Pulse (Chargemaster Limited)
  • E.ON UK PLC
  • E-Fill Electric (EFEV Charging Solutions Pvt. Ltd.)
  • Keba AG
  • MENNEKES Group (eMobility)
  • Pod Point Limited
  • Renesas Electronics Corporation
  • Schaffner Holding AG
  • Schneider Electric
  • Servotech Power Systems
  • Shell
  • Siemens AG
  • The Lincoln Electric Company
  • Tommatech GmbH

Table Information