Electric vehicle (EV) charging station market size to grow by USD 15.81 billion from 2021 to 2026: A descriptive analysis of customer landscape, vendor assessment, and market dynamics – Technavio

NEW YORK, Jan. 16, 2023 /PRNewswire/ — The global electric vehicle (EV) charging station market size is estimated to increase by USD 15.81 billion from 2021 to 2026. The market’s growth momentum will progress at a CAGR of 20.65% during the forecast period – Request a sample report

Global electric vehicle (EV) charging station market – Vendor analysis

Vendor offerings –

• ABB Ltd. – The company offers EV charging solutions, including compact and high-quality AC wallboxes and reliable DC fast charging stations with robust connectivity.
• ChargePoint Inc. – The company offers electric vehicle charging stations that are designed using cutting-edge hardware technology to be safe and reliable while offering drivers a user-friendly, premium charging experience.
• EV Safe Charge Inc. – The company offers EV charging solutions for a wide range of commercial property needs, including fleet operations, offices, retail, hospitality, multi-unit residential, and industrial.
• Leviton Manufacturing Co. Inc. – The company offers electric vehicle charging stations such as Evr-Green Level 2 Electric Vehicle Charging Station.
• For details on vendors and their offerings – Buy the report!

Vendor landscape –

The global electric vehicle (EV) charging station market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer the electric vehicle (EV) charging stations in the market are ABB Ltd., Alfen NV, Allego BV, Besen International Group Co. Ltd., Blink Charging Co., ChargePoint Inc., Delta Electronics Inc., ENGIE EPS SA, Enphase Energy Inc., EV Safe Charge Inc., Leviton Manufacturing Co. Inc., Liikennevirta Oy Ltd., LS Power Development LLC, Schneider Electric SE, SemaConnect Inc., Shell plc, Siemens AG, Tesla Inc., Volkswagen AG, and Webasto SE and others.

The market has category-focused, industry-focused, and diversified vendors. It is expected to grow at a significant rate during the forecast period owing to a rise in the adoption of electric vehicles. High product differentiation, collaborative product development between buyers and vendors, and moderate capital investments have increased the entry of new players in the global EV charging station market. In addition, the increasing adoption of electric vehicles is expected to attract well-established EV charging stations to enter the market, which will intensify the competition further.

Global electric vehicle (EV) charging station market – Customer landscape

To help companies evaluate and develop growth strategies, the report outlines –

• Key purchase criteria
• Adoption rates
• Adoption lifecycle
• Drivers of price sensitivity

Global electric vehicle (EV) charging station market – Segmentation assessment

Segment overview

Technavio has segmented the market based on type (AC and DC). 

• The AC segment will grow at a significant rate during the forecast period. The growth is attributed to factors such as the advantages of AC charging stations, including low set-up, installation, and maintenance costs. Moreover, AC charging stations require less infrastructure. The demand for PHEVs in emerging markets will also drive the growth of the segment. 

Geography overview

Based on geography, the global electric vehicle (EV) charging station market is segmented into APAC, Europe, North America, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global electric vehicle (EV) charging station market.

• APAC will account for 63% of the market’s growth during the forecast period. China is a key country for the electric vehicle (EV) charging stations market in the region. Moreover, market growth in this region will be faster than the growth of the market in other regions. The growth of the market in APAC is attributed to factors such as high sales of BEVs and PHEVs in countries such as China, Singapore, Japan, and South Korea.

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Global electric vehicle (EV) charging station market – Market dynamics

Leading drivers – The increasing number of M&A and strategic partnerships is driving the growth of the market. For instance, in October 2019, ABB acquired a majority stake in Shanghai Chargedot New Energy Technology Co. Ltd. (Chargedot). In October 2019, ChargePoint entered into an agreement with the San Francisco Municipal Transportation Agency (SFMTA). Such factors will fuel the market growth during the forecast period.

Key trends – The increasing number of launches in the field of EV charging solutions is a key trend in the market. Many prominent vendors have showcased or launched advanced EV chargers in the last few years. For instance, in March 2022, EVI Technologies announced the launch of its mobile application that helps locate nearby EV charging stations. Similarly, in December 2020, Extreme Vehicle Battery Technologies Corp. announced the launch of the IONiX Pro Smart Station, an EV charging solution. Thus, the increasing number of EV charging solution launches will support the growth of the market during the forecast period.

Major challenges – The lack of standardization in EV charging infrastructure is challenging the growth of the market. The absence of universal standards for EV chargers leads to a lack of uniformity in EV charging infrastructure. For instance, Japan has the CHAdeMO standard for EV charging, while CCS is the standard in European countries, the US, and South Korea. Thus, the presence of different standards for EV charging infrastructure may hinder the growth of the market during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this electric vehicle (EV) charging station market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the electric vehicle (EV) charging station market between 2022 and 2026
• Precise estimation of the size of the electric vehicle (EV) charging station market and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the electric vehicle (EV) charging station market across APAC, Europe, North America, South America, and Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of electric vehicle (EV) charging station market vendors

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Table of contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global – Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global – Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 17: Five forces analysis – Comparison between2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 23: Chart on Market condition – Five forces 2021 and 2026

5 Market Segmentation by Type

• 5.1 Market segments 
• Exhibit 24: Chart on Type – Market share 2021-2026 (%)
• Exhibit 25: Data Table on Type – Market share 2021-2026 (%)

• 5.2 Comparison by Type 
• Exhibit 26: Chart on Comparison by Type
• Exhibit 27: Data Table on Comparison by Type

• 5.3 AC – Market size and forecast 2021-2026
• Exhibit 28: Chart on AC – Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on AC – Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on AC – Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on AC – Year-over-year growth 2021-2026 (%)

• 5.4 DC – Market size and forecast 2021-2026
• Exhibit 32: Chart on DC – Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on DC – Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on DC – Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on DC – Year-over-year growth 2021-2026 (%)

• 5.5 Market opportunity by Type 
• Exhibit 36: Market opportunity by Type ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 38: Chart on Market share by geography 2021-2026 (%)
• Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 40: Chart on Geographic comparison
• Exhibit 41: Data Table on Geographic comparison

• 7.3 APAC – Market size and forecast 2021-2026
• Exhibit 42: Chart on APAC – Market size and forecast 2021-2026 ($ million)
• Exhibit 43: Data Table on APAC – Market size and forecast 2021-2026 ($ million)
• Exhibit 44: Chart on APAC – Year-over-year growth 2021-2026 (%)
• Exhibit 45: Data Table on APAC – Year-over-year growth 2021-2026 (%)

• 7.4 Europe – Market size and forecast 2021-2026
• Exhibit 46: Chart on Europe – Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on Europe – Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on Europe – Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on Europe – Year-over-year growth 2021-2026 (%)

• 7.5 North America – Market size and forecast 2021-2026
• Exhibit 50: Chart on North America – Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on North America – Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on North America – Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on North America – Year-over-year growth 2021-2026 (%)

• 7.6 South America – Market size and forecast 2021-2026
• Exhibit 54: Chart on South America – Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on South America – Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on South America – Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on South America – Year-over-year growth 2021-2026 (%)

• 7.7 Middle East and Africa – Market size and forecast 2021-2026 
• Exhibit 58: Chart on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on Middle East and Africa – Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on Middle East and Africa – Year-over-year growth 2021-2026 (%)

• 7.8 China – Market size and forecast 2021-2026
• Exhibit 62: Chart on China – Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on China – Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on China – Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on China – Year-over-year growth 2021-2026 (%)

• 7.9 Germany – Market size and forecast 2021-2026
• Exhibit 66: Chart on Germany – Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on Germany – Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on Germany – Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on Germany – Year-over-year growth 2021-2026 (%)

• 7.10 UK – Market size and forecast 2021-2026
• Exhibit 70: Chart on UK – Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on UK – Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on UK – Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on UK – Year-over-year growth 2021-2026 (%)

• 7.11 France – Market size and forecast 2021-2026
• Exhibit 74: Chart on France – Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on France – Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on France – Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on France – Year-over-year growth 2021-2026 (%)

• 7.12 US – Market size and forecast 2021-2026
• Exhibit 78: Chart on US – Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on US – Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on US – Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on US – Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography 
• Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 83: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape 
• Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption 
• Exhibit 85: Overview on factors of disruption

• 9.4 Industry risks 
• Exhibit 86: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered 
• Exhibit 87: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 88: Matrix on vendor position and classification

• 10.3 ABB Ltd. 
• Exhibit 89: ABB Ltd. – Overview
• Exhibit 90: ABB Ltd. – Business segments
• Exhibit 91: ABB Ltd. – Key offerings
• Exhibit 92: ABB Ltd. – Segment focus

• 10.4 ChargePoint Inc. 
• Exhibit 93: ChargePoint Inc. – Overview
• Exhibit 94: ChargePoint Inc. – Product / Service
• Exhibit 95: ChargePoint Inc. – Key offerings

• 10.5 ENGIE EPS SA 
• Exhibit 96: ENGIE EPS SA – Overview
• Exhibit 97: ENGIE EPS SA – Product / Service
• Exhibit 98: ENGIE EPS SA – Key offerings

• 10.6 EV Safe Charge Inc. 
• Exhibit 99: EV Safe Charge Inc. – Overview
• Exhibit 100: EV Safe Charge Inc. – Product / Service
• Exhibit 101: EV Safe Charge Inc. – Key offerings

• 10.7 Leviton Manufacturing Co. Inc. 
• Exhibit 102: Leviton Manufacturing Co. Inc. – Overview
• Exhibit 103: Leviton Manufacturing Co. Inc. – Product / Service
• Exhibit 104: Leviton Manufacturing Co. Inc. – Key offerings

• 10.8 LS Power Development LLC 
• Exhibit 105: LS Power Development LLC – Overview
• Exhibit 106: LS Power Development LLC – Product / Service
• Exhibit 107: LS Power Development LLC – Key offerings

• 10.9 Schneider Electric SE 
• Exhibit 108: Schneider Electric SE – Overview
• Exhibit 109: Schneider Electric SE – Business segments
• Exhibit 110: Schneider Electric SE – Key news
• Exhibit 111: Schneider Electric SE – Key offerings
• Exhibit 112: Schneider Electric SE – Segment focus

• 10.10 Siemens AG 
• Exhibit 113: Siemens AG – Overview
• Exhibit 114: Siemens AG – Business segments
• Exhibit 115: Siemens AG – Key news
• Exhibit 116: Siemens AG – Key offerings
• Exhibit 117: Siemens AG – Segment focus

• 10.11 Tesla Inc. 
• Exhibit 118: Tesla Inc. – Overview
• Exhibit 119: Tesla Inc. – Business segments
• Exhibit 120: Tesla Inc. – Key offerings
• Exhibit 121: Tesla Inc. – Segment focus

• 10.12 Webasto SE 
• Exhibit 122: Webasto SE – Overview
• Exhibit 123: Webasto SE – Product / Service
• Exhibit 124: Webasto SE – Key offerings

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 125: Inclusions checklist
• Exhibit 126: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 127: Currency conversion rates for US$

• 11.4 Research methodology 
• Exhibit 128: Research methodology
• Exhibit 129: Validation techniques employed for market sizing
• Exhibit 130: Information sources

• 11.5 List of abbreviations 
• Exhibit 131: List of abbreviations

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