China Electric Vehicle Charging Infrastructure Market Introduction and Overview
According to SPER Market Research, the China Electric Vehicle Charging Infrastructure Market is estimated to reach USD 16.02 billion by 2033 with a CAGR 39.1%.
The report includes an in-depth analysis of the China Electric Vehicle Charging Infrastructure Market, including market size and trends, product mix, distribution channels, and supplier analysis. The network of charging stations and related equipment that makes it possible to refuel electric vehicles is known as electric vehicle (EV) charging infrastructure. With a range of charging choices, including Level 1 (normal house outlets), Level 2 (more potent home or public chargers), and DC fast charging stations that can drastically cut down on charging time, this infrastructure is essential for the mainstream adoption of EVs. To make long-distance travel easier, charging stations are frequently positioned in public spaces, offices, retail malls, and beside roads.
- In September 2023, PetroChina, a well-known oil and gas corporation with headquarters in China, revealed that it has acquired Potevio New Energy Co. Ltd., an EV charging company. Its goal is to make its brand known throughout China's EV charging market. By the end of 2021, Potevio was expected to have 50,000 charging stations spread across more than 50 Chinese cities.
- In June 2023, The Chinese government asserted that it is committed to increasing the number of new energy vehicle (NEV) charging stations on the nation's roadways and reported that 18,590 charging stations had been installed nationwide. Authorities added that they had identified 27,000 parking spaces that will be used exclusively for the installation of EV charging stations nationwide.
Market Opportunities and Challenges
Opportunities: Some of the main factors accelerating the market's growth include the increasing sales and acceptance of electric vehicles, as well as the implementation of regulations, incentives, and policies that encourage the use of EVs, such as granting access to restricted traffic areas and exemption from registration plate lotteries. The Chinese market for electric vehicle charging infrastructure is also expanding as a result of the government's growing emphasis on creating the best possible infrastructure nationwide to meet the growing demand for EVs. Furthermore, the market for battery electric vehicles in China provides strong support for the industry for electric vehicle charging infrastructure. The government is supporting it generously. China extended its incentives for buying new energy vehicles (NEVs) till 2022. A major factor in the global purchasing of electric vehicles is the accessibility of public EV charging stations. Public charging access to quick charging is considered a crucial factor when buying an electric car. The public charging segment's revenue growth is anticipated to be enhanced.
Challenges: The growing market for electric vehicles (EVs) and the disparity in charging needs have made the lack of a standardized infrastructure for EV charging more noticeable. Certain voltage kinds may be the only ones supported by particular EV charging stations. For example, DC charging stations enable rapid charging at 480V AC, whereas AC charging stations offer 120V AC via level 1 charging and 208/240V AC via level 2 charging. distinct nations follow distinct fast charging standards; China uses GB/T, the US and South Korea use CCS 1, Europe uses CCS 2, and Japan uses CHAdeMO.
Market Competitive Landscape
China's market for electric car charging infrastructure is quite competitive and consolidated, with major competitors including TELD New Energy, Star Charge, YKC, State Grid Corporation of China, and TGood controlling the industry. A lesser market share is attained by other competitors, such as BYD, Tesla, Evking, and Southern Power Grid, among others.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Charging Station Type, By Vehicle Type, By User Application |
| Regions covered | Eastern Region, Western Region, Northern Region, Southern Region |
| Companies Covered | EV Power, Evking, Hooenergy, ShenZhen Carenergy Net, Southern Power Grid, Starcharge, State Grid Corporation of China, Tesla, TGood, Wancheng Wanchong, YKC, Others. |
COVID-19 Impact on China Electric Vehicle Charging Infrastructure Market
The market for electric vehicle (EV) charging infrastructure in China was greatly affected by the COVID-19 outbreak, which at first caused supply chain disruptions and postponed the installation of charging stations. Consumer mobility was curtailed as a result of lockdowns and limitations, which delayed EV sales and lessened the need to build charging networks. As part of efforts to revive the economy, the epidemic did, however, help hasten the development of green technologies and boost government funding for environmentally friendly transportation. This change led to investments in quicker and more effective charging methods as well as a renewed emphasis on improving the infrastructure for charging.
Key Target Audience:
- Electric Vehicle Owners
- Commercial Fleets
- Charging Station Operators
- Municipal Governments
- Utility Companies
- Real Estate Developers
- Automotive Manufacturers
- Environmental Organizations
- Policy Makers
Our in-depth analysis of the China Electric Vehicle Charging Infrastructure Market includes the following segments:
| By Charging Station Type: | AC Charging StationDC Charging Station |
| By Vehicle Type: | Passenger VehiclesCommercial Vehicles |
| By User Application: | Private InfrastructurePublic Infrastructure |
Key Topics Covered in the Report:
- China Electric Vehicle Charging Infrastructure Market Size (FY’2024-FY’2033)
- Overview of China Electric Vehicle Charging Infrastructure Market
- Segmentation of China Electric Vehicle Charging Infrastructure Market By Charging Station Type (AC Charging Station, DC Charging Station)
- Segmentation of China Electric Vehicle Charging Infrastructure Market By Vehicle Type (Passenger Vehicles, Commercial Vehicles)
- Segmentation of China Electric Vehicle Charging Infrastructure Market By User Application (Private Infrastructure, Public Infrastructure)
- Expansion Analysis of China Electric Vehicle Charging Infrastructure Market
- Problems and Obstacles in China Electric Vehicle Charging Infrastructure Market
- Competitive Landscape in the China Electric Vehicle Charging Infrastructure Market
- Impact of COVID-19 and Demonetization on China Electric Vehicle Charging Infrastructure Market
- Details on Current Investment in China Electric Vehicle Charging Infrastructure Market
- Competitive Analysis of China Electric Vehicle Charging Infrastructure Market
- Prominent Players in the China Electric Vehicle Charging Infrastructure Market
- SWOT Analysis of China Electric Vehicle Charging Infrastructure Market
- China Electric Vehicle Charging Infrastructure Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the China Electric Vehicle Charging Infrastructure Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. China Electric Vehicle Charging Infrastructure Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in China Electric Vehicle Charging Infrastructure Market
7. China Electric Vehicle Charging Infrastructure Market, By Charging Station Type (USD Million) 2020-2033
7.1. China Electric Vehicle Charging Infrastructure Market Size, Share and Forecast, By Charging Station Type, 2020-2026
7.2. China Electric Vehicle Charging Infrastructure Market Size, Share and Forecast, By Charging Station Type, 2027-2033
7.3. AC Charging Station
7.4. DC Charging Station
8. China Electric Vehicle Charging Infrastructure Market, By Vehicle Type (USD Million) 2020-2033
8.1. China Electric Vehicle Charging Infrastructure Market Size, Share and Forecast, By Vehicle Type, 2020-2026
8.2. China Electric Vehicle Charging Infrastructure Market Size, Share and Forecast, By Vehicle Type, 2027-2033
8.3. Passenger Vehicles
8.4. Commercial Vehicles
9. China Electric Vehicle Charging Infrastructure Market, By User Application (USD Million) 2020-2033
9.1. China Electric Vehicle Charging Infrastructure Market Size, Share and Forecast, By User Application, 2020-2026
9.2. China Electric Vehicle Charging Infrastructure Market Size, Share and Forecast, By User Application, 2027-2033
9.3. Private Infrastructure
9.4. Public Infrastructure
10. China Electric Vehicle Charging Infrastructure Market Forecast, 2020-2033 (USD Million)
10.1. China Electric Vehicle Charging Infrastructure Market Size and Market Share
11. China Electric Vehicle Charging Infrastructure Market, By Region, 2020-2033 (USD Million)
11.1. China Electric Vehicle Charging Infrastructure Market Size and Market Share By Region (2020-2026)
11.2. China Electric Vehicle Charging Infrastructure Market Size and Market Share By Region (2027-2033)
11.3. Eastern Region
11.4. Western Region
11.5. Northern Region
11.6. Southern Region
12. Company Profile
12.1. EV Power
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. Evking
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. Hooenergy
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. ShenZhen Carenergy Net
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. Southern Power Grid
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. Starcharge
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. State Grid Corporation of China
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. TELD
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. TGood
12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments
12.10. Wancheng Wanchong
12.10.1. Company details
12.10.2. Financial outlook
12.10.3. Product summary
12.10.4. Recent developments
12.11. YKC
12.11.1. Company details
12.11.2. Financial outlook
12.11.3. Product summary
12.11.4. Recent developments
12.12. Others
13. Conclusion
14. Reference Links
15. List of Abbreviations
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
