NEW YORK, Nov. 23, 2023 /PRNewswire/ — The Electric Vehicle (EV) Charging Infrastructure Market size is set to increase by USD 121.33 billion between 2022 and 2027, and register a CAGR of almost 39.97%, according Technavio’s latest market research report estimates. The electric vehicle charging infrastructure market is driven by the escalating production of electric vehicles (EVs). This growth is driven by global concerns about the environment, with EVs offering zero emissions, presenting a cleaner alternative to traditional vehicles. Automotive manufacturers are focusing on EV development to meet consumer demands and address emission control needs. This increase in EV production is expected to boost the demand for EV charging infrastructure, supporting market growth ahead. This report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. Buy the full report
Electric Vehicle (EV) Charging Infrastructure Market 2023-2027: Segmentation
- Charging
- Fast Charger
- Slow charger
- Type
- Geography
- APAC
- Europe
- North America
- South America
- Middle East And Africa
The fast charger segment is expected for substantial market share growth during the forecast period within the electric vehicle charging infrastructure market. Fast chargers, also known as Direct Current (DC) chargers, are larger and quicker, representing a remarkable advancement in EV technology.
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Electric Vehicle Charging Infrastructure Market 2023-2027: Company Analysis and Scope
To help businesses improve their market position, Technavio provides a detailed analysis of around 25 companies operating in the market. Some of these companies include ABB Ltd., Alfen NV, Blink Charging Co., BP Plc, E.ON UK Plc, EV Connect, EV Safe Charge Inc, EVBox BV, EVgo Services LLC, Infineon Technologies AG, PG&E Corp., Phihong USA Corp., Polarium Energy Solutions AB, Schneider Electric SE, Shell plc, Shenzhen Atess Power Technology Co. Ltd., Siemens AG, The Mobility House GmbH, TotalEnergies SE, and Webasto SE.
The report also covers the following areas:
Market trends such as powering EV charging stations through renewable energy is likely to emerge as one of the primary drivers of the market. However, factors such as Lack of standardization and infrastructure may threaten the growth of the market.
Electric Vehicle Charging Infrastructure Market 2023 – 2027: Market dynamics
Leading trends influencing the market
- Wireless charging for EVs using inductive technology, employing magnetic coils with an air gap to transmit electrical energy, reducing reliance on large batteries is the market trend.
- Advantages include convenient charging while parked roadside or in motion, diminishing battery size, hence cutting vehicle weight and costs.
- Growing government and manufacturer investments in wireless EV charging development and implementation forecast market growth due to its user-friendly, cable-free approach.
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TOC
- Executive Summary
- Market Landscape
- Market Sizing
- Historic Market Size
- Five Forces Analysis
- Market Segmentation by Type
- Market Segmentation by Geography
- Customer Landscape
- Geographic Landscape
- Drivers, Challenges, and Trends
- Company Landscape
- Company Analysis
- Appendix
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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