Global Electric Vehicle Charging Stations Equipment Market Share Report 2024, Forecast To 2033
11 Jan, 2024
The market for electric vehicle charging stations equipment has witnessed exponential growth, increasing from $192.15 billion in 2023 to $262.5 billion in 2024, with a Compound Annual Growth Rate (CAGR) of 36.6%. Historical growth is attributed to the growing adoption of electric vehicles and technological advancements. The forecast predicts continued exponential growth, reaching $819.66 billion in 2028, fueled by the expansion of the electric vehicle market and the transition to green energy, with emerging trends such as ultra-fast charging and vehicle-to-grid (V2G) technology.
Global Electric Vehicle Charging Stations Equipment Market Key Driver
Legislative policies, both national and international, promoting electric vehicles (EVs) are propelling the electric vehicle charging stations equipment market's growth. Incentives encouraging investors to purchase EVs and install charging stations contribute to market expansion. Notable initiatives include the German government's direct discount of $4,520 for EV buyers and Norway's provision of public funding for charging stations every 50 km. These efforts boost the EV charging stations market, consequently driving the electric vehicle charging stations equipment market.
Get A Free Sample Of The Global Electric Vehicle Charging Stations Equipment Market ReportGlobal Electric Vehicle Charging Stations Equipment Market Segments
The electric vehicle charging stations equipment market covered in this report is segmented –
1)By Type: AC Charging, DC Charging, Inductive Charging
2)By Vehicle Type: Battery Electric Vehicles (BEV), Plug-In Electric Vehicles (PHEV), Hybrid Electric Vehicles (HEV)
3)By Charging Type: Level One Charging (120 Volts), Level Two Charging (240 Volts), DC Fast Charging (480 Volts)
By Geography: The regions covered in the electric vehicle charging stations equipment market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
Asia-Pacific was the largest region in the electric vehicle charging stations equipment market in 2023. The regions covered in the electric vehicle charging stations equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Electric Vehicle Charging Stations Equipment Industry Players
ABB Ltd., Siemens AG, The New Motion BV, Tesla Motors Inc., ClipperCreek Inc., DBT SA, Chargemaster Plc, Engie SA, Fortum Oyj, Leviton Manufacturing Co, Qualcomm Inc., Robert Bosch GmbH, Schneider Electric SE, AeroVironment Inc., National Thermal Power Corporation, Mahindra Reva Electric Vehicles Pvt Ltd., Tata Power Ltd., ACME Group, ChargePoint Inc., BP plc, Shell plc, Webasto SE, Hyundai Motor Company, RWE AG, Mercedes-Benz Group AG, EVBox, Southern California Edison, San Diego Gas and Electric Co, PG&E Corporation, Blink Charging Co
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Electric Vehicle Charging Stations Equipment Market Overview
Electric vehicle charging station equipment refers to equipment that connects an electric vehicle to an electricity source to recharge the vehicle.
Electric Vehicle Charging Stations Equipment Global Market Report 2023 provides data on the global electric vehicle charging stations equipment market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The electric vehicle charging stations equipment market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.