Electric Vehicle Charging Equipment Market Growth, Demand, Revenue, Competition and Trends 2033
Electric Vehicle (EV) Charging Equipment Market Size- By Type, By Charging Level, By Vehicle Type, By Charger Type, By Mode of Charging, By Connector, By End User - Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Nov-2022 | Report ID: AMIN2203 | Pages: 1 - 255 | Formats*: |
| Category : Automotive & Transportation | |||
Global Electric Vehicle (EV) Charging Equipment Market Overview
According to SPER Market Research, the Global Electric Vehicle (EV) Charging Equipment Market is estimated to reach USD 720.29 billion by 2033 with a CAGR of 45.21%.
The hardware and infrastructure required to charge electric vehicles are referred to as electric vehicle (EV) charging equipment. It includes a number of elements, including network management systems, cables, connectors, and charging stations. Electric vehicle (EV) charging equipment makes it easier to transport electrical energy from a power source to the battery of the car, enabling quick and easy charging. To give EV owners access to charging facilities, charging stations are erected in public spaces, businesses, apartment buildings, and other places. In order to support the developing EV ecosystem, there is an increasing demand for dependable and easily accessible EV charging infrastructure.
Exploring the Growth Drivers of the Global Electric Vehicle (EV) Charging Equipment Industry.
The global electric vehicle (EV) charging equipment market is expanding significantly on a global scale thanks to a number of important factors. The market for EV charging equipment is mostly driven by the rising popularity of electric automobiles. The need for charging infrastructure and equipment increases as more people and businesses transition to electric vehicles to support the developing EV ecosystem. Governments all over the world are putting various programs and incentives into place to encourage the use of electric vehicles and create a charging infrastructure. Subsidies, tax breaks, grants, and laws requiring the establishment of charging stations are a few examples of these. Such assistance promotes market expansion and encourages the purchase of EV charging infrastructure. Governments and organizations are also adopting sustainable transportation options in response to growing concerns about climate change and air pollution. Electric vehicles are essential for cutting carbon emissions and enhancing air quality. Governments and companies are investing in EV charging infrastructure to satisfy sustainability goals, which is driving up demand for EV charging hardware.
What challenges does the Global Electric Vehicle (EV) Charging Equipment Market face?
The global electric vehicle (EV) charging equipment market confronts a number of obstacles. The requirement for a comprehensive and reliable charging infrastructure is one of the main obstacles. Significant expenditures in infrastructure development, grid improvements, and the deployment of charging equipment are necessary for the construction of charging stations. The rate of infrastructure development must match the increase in the number of electric vehicles on the road. Different connector types and charging standards are available on the EV charging market, which can cause compatibility problems. To guarantee that EVs can charge at any charging station, independent of the manufacturer or connector type, standardization and interoperability are essential. For EV owners to have a seamless charging experience, industry standards must be unified.
In what ways has the COVID-19 pandemic affected Global Electric Vehicle (EV) Charging Equipment Market?
The COVID-19 epidemic has affected the global electric vehicle (EV) charging equipment market for in both positive and bad ways. The pandemic delayed the installation of new charging stations by interfering with supply chains, construction projects, and installation procedures. However, several governments also unveiled economic stimulus plans that put an emphasis on renewable energy and environmentally friendly mobility, offering funding and incentives for EV charging infrastructure projects. The pandemic also brought attention to the significance of adopting sustainable transportation and lowering air pollution, which increased interest in and financial investment in EV charging infrastructure.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By Charging Level, By Vehicle Type, By Charger Type, By Mode of Charging, By Connector, By End User |
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America |
| Companies Covered | ABB Ltd., AeroVironment Inc., BrogWarner Inc., BP Chargemaster, Chargemaster PLC, ChargePoint Inc., Clipper Creek Inc., DBT SA, Delta Electronics Inc., Eaton Corporation PLC, Engie SA, Fortum Oyj, General Electric Company, Leviton Manufacturing Co., Moser Services Group, Plugless Power Inc., Robert Bosch GmbH, Schmeider Electric, SemaConnect, Inc., Siemens AG, TATA Power Pvt. Ltd., Tesla Motors Inc., The New Motion BV, Webasto Group, Others |
Key Target Audience:
- Consumers and EV Owners
- Electric Vehicle Charging Equipment Manufacturers
- Electric Vehicle Manufacturers
- Energy and Utility Companies
- Fleet Operators and Commercial Vehicle Companies
- Government Agencies and Regulatory Bodies
- Industry Associations and Advocacy Groups
- Investment Firms and Financial Institutions
- Research and Consulting Firms
Global Electric Vehicle (EV) Charging Equipment Market Segmentation:
1. By Type:
- Global Electric Vehicle (EV) Charging Equipment Market Value Share and Forecast, By Type, 2023-2033
- AC Charging
- DC Charging
- Inductive Charging
2. By Charging Level:
- Global Electric Vehicle (EV) Charging Equipment Market Value Share and Forecast, By Charging Level, 2023-2033
- Level 1 (120 Volts)
- Level 2 (240 Volts)
- Level 3 (480 Volts)
3. By Vehicle Type:
- Global Electric Vehicle (EV) Charging Equipment Market Value Share and Forecast, By Vehicle Type, 2023-2033
- Battery Electric Vehicle
- Hybrid Electric Vehicle
- Plug-in Electric Vehicle
4. By Charger Type:
- Global Electric Vehicle (EV) Charging Equipment Market Value Share and Forecast, By Charger Type, 2023-2033
- Fast Charger
- Slow Charger
5. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Global Electric Vehicle (EV) Charging Equipment Market Size (FY’2023-FY’2033)
- Overview of Global Electric Vehicle (EV) Charging Equipment Market
- Segmentation of Global Electric Vehicle (EV) Charging Equipment Market By Type (AC Charging, DC Charging, Inductive Charging)
- Segmentation of Global Electric Vehicle (EV) Charging Equipment Market By Charging Level (Level 1, Level 2, Level 3)
- Segmentation of Global Electric Vehicle (EV) Charging Equipment Market By Vehicle Type (Battery Electric Vehicle, Hybrid Electric Vehicle, Plug-in Electric Vehicle)
- Segmentation of Global Electric Vehicle (EV) Charging Equipment Market By Charger Type (Fast Charger, Slow Charger)
- Segmentation of Global Electric Vehicle (EV) Charging Equipment Market By Mode of Charging (Plug-in Charger, Wireless Charger)
- Segmentation of Global Electric Vehicle (EV) Charging Equipment Market By Connector (CHAdeMO, Combined Charging System, Others)
- Segmentation of Global Electric Vehicle (EV) Charging Equipment Market By End-User (Commercial, Residential)
- Statistical Snap of Global Electric Vehicle (EV) Charging Equipment Market
- Growth Analysis of Global Electric Vehicle (EV) Charging Equipment Market
- Problems and Challenges in Global Electric Vehicle (EV) Charging Equipment Market
- Competitive Landscape in the Global Electric Vehicle (EV) Charging Equipment Market
- Impact of COVID-19 and Demonetization on Global Electric Vehicle (EV) Charging Equipment Market
- Details on Recent Investment in Global Electric Vehicle (EV) Charging Equipment Market
- Competitive Analysis of Global Electric Vehicle (EV) Charging Equipment Market
- Key Players in the Global Electric Vehicle (EV) Charging Equipment Market
- SWOT Analysis of Global Electric Vehicle (EV) Charging Equipment Market
- Global Electric Vehicle (EV) Charging Equipment Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Global Electric Vehicle (EV) Charging Equipment Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Electric Vehicle (EV) Charging Equipment Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Electric Vehicle (EV) Charging Equipment Market
7. Global Electric Vehicle (EV) Charging Equipment Market, By Type (USD Million)
7.1. Global Electric Vehicle (EV) Charging Equipment Market Value Share and Forecast, By Type, 2023-20337.2. AC Charging7.3. DC Charging7.4. Inductive Charging
8. Global Electric Vehicle (EV) Charging Equipment Market, By Charging Level (USD Million)
8.1. Global Electric Vehicle (EV) Charging Equipment Market Value Share and Forecast, By Charging Level, 2023-20338.2. Level 1 (120 Volts)8.3. Level 2 (240 Volts)8.4. Level 3 (480 Volts)
9. Global Electric Vehicle (EV) Charging Equipment Market, By Vehicle Type (USD Million)
9.1. Global Electric Vehicle (EV) Charging Equipment Market Value Share and Forecast, By Vehicle Type, 2023-20339.2. Battery Electric Vehicle9.3. Hybrid Electric Vehicle9.4. Plug-in Electric Vehicle
10. Global Electric Vehicle (EV) Charging Equipment Market, By Charger Type (USD Million)
10.1. Global Electric Vehicle (EV) Charging Equipment Market Value Share and Forecast, By Charger Type, 2023-203310.2. Fast Charger10.3. Slow Charger
11. Global Electric Vehicle (EV) Charging Equipment Market, By Mode of Charging (USD Million)
11.1. Global Electric Vehicle (EV) Charging Equipment Market Value Share and Forecast, By Mode of Charging, 2023-203311.2. Plug-in Charger11.3. Wireless Charger
12. Global Electric Vehicle (EV) Charging Equipment Market, By Connector (USD Million)
12.1. Global Electric Vehicle (EV) Charging Equipment Market Value Share and Forecast, By Connector, 2023-203312.2. CHAdeMO (Charge de MOve)12.3. Combined Charging System12.4. Others
13. Global Electric Vehicle (EV) Charging Equipment Market, By End User (USD Million)
13.1. Global Electric Vehicle (EV) Charging Equipment Market Value Share and Forecast, By End User, 2023-203313.2. Commercial13.3. Residential
14. Global Electric Vehicle (EV) Charging Equipment Market Forecast, 2019-2033 (USD Million)
14.1. Global Electric Vehicle (EV) Charging Equipment Market Size and Market Share
15. Global Electric Vehicle (EV) Charging Equipment Market, By Type, 2019-2033 (USD Million)
15.1. Global Electric Vehicle (EV) Charging Equipment Market Size and Market Share By Type (2019-2026)15.2. Global Electric Vehicle (EV) Charging Equipment Market Size and Market Share By Type (2027-2033)
16. Global Electric Vehicle (EV) Charging Equipment Market, By Charging Level, 2019-2033 (USD Million)
16.1. Global Electric Vehicle (EV) Charging Equipment Market Size and Market Share By Charging Level (2019-2026)16.2. Global Electric Vehicle (EV) Charging Equipment Market Size and Market Share By Charging Level (2027-2033)
17. Global Electric Vehicle (EV) Charging Equipment Market, By Vehicle Type, 2019-2033 (USD Million)
17.1. Global Electric Vehicle (EV) Charging Equipment Market Size and Market Share By Vehicle Type (2019-2026)17.2. Global Electric Vehicle (EV) Charging Equipment Market Size and Market Share By Vehicle Type (2027-2033)
18. Global Electric Vehicle (EV) Charging Equipment Market, By Charger Type, 2019-2033 (USD Million)
18.1. Global Electric Vehicle (EV) Charging Equipment Market Size and Market Share By Charger Type (2019-2026)18.2. Global Electric Vehicle (EV) Charging Equipment Market Size and Market Share By Charger Type (2027-2033)
19. Global Electric Vehicle (EV) Charging Equipment Market, By Mode of Charging, 2019-2033 (USD Million)
19.1. Global Electric Vehicle (EV) Charging Equipment Market Size and Market Share By Mode of Charging (2019-2026)19.2. Global Electric Vehicle (EV) Charging Equipment Market Size and Market Share By Mode of Charging (2027-2033)
20. Global Electric Vehicle (EV) Charging Equipment Market, By Connector, 2019-2033 (USD Million)
20.1. Global Electric Vehicle (EV) Charging Equipment Market Size and Market Share By Connector (2019-2026)20.2. Global Electric Vehicle (EV) Charging Equipment Market Size and Market Share By Connector (2027-2033)
21. Global Electric Vehicle (EV) Charging Equipment Market, By End User, 2019-2033 (USD Million)
21.1. Global Electric Vehicle (EV) Charging Equipment Market Size and Market Share By End User (2019-2026)21.2. Global Electric Vehicle (EV) Charging Equipment Market Size and Market Share By End User (2027-2033)
22. Global Electric Vehicle (EV) Charging Equipment Market, By Region, 2019-2033 (USD Million)
22.1. Global Electric Vehicle (EV) Charging Equipment Market Size and Market Share By Region (2019-2026)22.2. Global Electric Vehicle (EV) Charging Equipment Market Size and Market Share By Region (2027-2033)22.3. Asia-Pacific22.3.1. Australia22.3.2. China22.3.3. India22.3.4. Japan22.3.5. South Korea22.3.6. Rest of Asia-Pacific22.4. Europe22.4.1. France22.4.2. Germany22.4.3. Italy22.4.4. Spain22.4.5. United Kingdom22.4.6. Rest of Europe22.5. Middle East and Africa22.5.1. Kingdom of Saudi Arabia22.5.2. United Arab Emirates22.5.3. Rest of Middle East & Africa22.6. North America22.6.1. Canada22.6.2. Mexico22.6.3. United States22.7. Latin America22.7.1. Argentina22.7.2. Brazil22.7.3. Rest of Latin America
23. Company Profile
23.1. ABB Ltd.23.1.1. Company details23.1.2. Financial outlook23.1.3. Product summary23.1.4. Recent developments23.2. AeroVironment Inc.23.2.1. Company details23.2.2. Financial outlook23.2.3. Product summary23.2.4. Recent developments23.3. BrogWarner Inc.23.3.1. Company details23.3.2. Financial outlook23.3.3. Product summary23.3.4. Recent developments23.4. BP Chargemaster23.4.1. Company details23.4.2. Financial outlook23.4.3. Product summary23.4.4. Recent developments23.5. Chargemaster PLC23.5.1. Company details23.5.2. Financial outlook23.5.3. Product summary23.5.4. Recent developments23.6. ChargePoint Inc.23.6.1. Company details23.6.2. Financial outlook23.6.3. Product summary23.6.4. Recent developments23.7. Clipper Creek Inc.23.7.1. Company details23.7.2. Financial outlook23.7.3. Product summary23.7.4. Recent developments23.8. DBT SA23.8.1. Company details23.8.2. Financial outlook23.8.3. Product summary23.8.4. Recent developments23.9. Delta Electronics Inc.23.9.1. Company details23.9.2. Financial outlook23.9.3. Product summary23.9.4. Recent developments23.10. Eaton Corporation PLC23.10.1. Company details23.10.2. Financial outlook23.10.3. Product summary23.10.4. Recent developments23.11. Engie SA23.11.1. Company details23.11.2. Financial outlook23.11.3. Product summary23.11.4. Recent developments23.12. Fortum Oyj23.12.1. Company details23.12.2. Financial outlook23.12.3. Product summary23.12.4. Recent developments23.13. General Electric Company23.13.1. Company details23.13.2. Financial outlook23.13.3. Product summary23.13.4. Recent developments23.14. Leviton Manufacturing Co.23.14.1. Company details23.14.2. Financial outlook23.14.3. Product summary23.14.4. Recent developments23.15. Moser Services Group23.15.1. Company details23.15.2. Financial outlook23.15.3. Product summary23.15.4. Recent developments23.16. Plugless Power Inc.23.16.1. Company details23.16.2. Financial outlook23.16.3. Product summary23.16.4. Recent developments23.17. Robert Bosch GmbH23.17.1. Company details23.17.2. Financial outlook23.17.3. Product summary23.17.4. Recent developments23.18. Schmeider Electric23.18.1. Company details23.18.2. Financial outlook23.18.3. Product summary23.18.4. Recent developments23.19. SemaConnect, Inc.23.19.1. Company details23.19.2. Financial outlook23.19.3. Product summary23.19.4. Recent developments23.20. Siemens AG23.20.1. Company details23.20.2. Financial outlook23.20.3. Product summary23.20.4. Recent developments23.21. TATA Power Pvt. Ltd.23.21.1. Company details23.21.2. Financial outlook23.21.3. Product summary23.21.4. Recent developments23.22. Tesla Motors Inc.23.22.1. Company details23.22.2. Financial outlook23.22.3. Product summary23.22.4. Recent developments23.23. The New Motion BV23.23.1. Company details23.23.2. Financial outlook23.23.3. Product summary23.23.4. Recent developments23.24. Webasto Group23.24.1. Company details23.24.2. Financial outlook23.24.3. Product summary23.24.4. Recent developments23.25. Others
24. List of Abbreviations
25. Reference Links
26. Conclusion
27. Research Scope
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.
Frequently Asked Questions About This Report
The Electric Vehicle Charging Equipment Market size is USD 720.29 million from 2023 to 2033.
The Electric Vehicle Charging Equipment Market segment is Covered By Type, By Charging Level, By Vehicle Type, By Charger Type, By Mode of Charging, By Connector, By End User
The North America region is anticipated to have the highest market share in the Electric Vehicle Charging Equipment Market.
The Electric Vehicle Charging Equipment Market grew in market size from 2023. The Market is expected to reach USD 720.29 million by 2033, at a CAGR of 45.21% during the forecast period.
The Electric Vehicle Charging Equipment Market is projected to reach USD 720.29 million by 2033, growing at a CAGR of 45.21% during the forecast period.
The Electric Vehicle Charging Equipment Market CAGR of 45.21% during the forecast period.
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The key players in the market include Companies Covered ABB Ltd., AeroVironment Inc., BrogWarner Inc., BP Chargemaster, Chargemaster PLC, ChargePoint Inc., Clipper Creek Inc., DBT SA, Delta Electronics Inc., Eaton Corporation PLC, Engie SA, Fortum Oyj, General Electric Company, Leviton Manufacturing Co., Moser Services Group, Plugless Power Inc., Robert Bosch GmbH, Schmeider Electric, SemaConnect, Inc., Siemens AG, TATA Power Pvt. Ltd., Tesla Motors Inc., The New Motion BV, Webasto Group, Others
The need for charging infrastructure and equipment increases as more people and businesses transition to electric vehicles to support the developing EV ecosystem.
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