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Electric Vehicle Charging Infrastructure Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2020-2024

  • Published: Oct 2021
  • Pages: 120
  • SKU: IRTNTR43062
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The electric vehicle charging infrastructure market share is expected to increase by USD 17.64 billion from 2019 to 2024, and the market's growth momentum will accelerate at a CAGR of 51.97%.

This electric vehicle charging infrastructure market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers electric vehicle charging infrastructure market segmentation by type (AC and DC) and geography (APAC, North America, Europe, and South America). The electric vehicle charging infrastructure market report also offers information on several market vendors, including ABB Ltd., BP Plc, ChargePoint Inc., E.ON SE, EnBW Energie Baden Wurttemberg AG, EVgo Services LLC, Royal Dutch Shell Plc, Siemens AG, The Mobility House GmbH, and Webasto SE among others.

What will the Electric Vehicle Charging Infrastructure Market Size be During the Forecast Period?

Electric Vehicle Charging Infrastructure Market Size

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Electric Vehicle Charging Infrastructure Market: Key Drivers, Trends, and Challenges

The rise in government initiatives that support the installation of EV charging stations is notably driving the electric vehicle charging infrastructure market growth, although factors such as lack of standardization and infrastructure may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the electric vehicle charging infrastructure industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Electric Vehicle Charging Infrastructure Market Driver

The rise in government initiatives that support the installation of EV charging stations is one of the key factors driving the growth of the global electric vehicle charging infrastructure market. There is a high demand for EVs in various parts of the world. The adoption of EVs is increasing due to the initiatives undertaken by governments in several countries to adopt an environmental-friendly transportation system. Furthermore, governments are offering incentives such as subsidies for the installation of EV charging infrastructure. For instance, in January 2020, the Government of India approved the installation of 2,636 EV charging stations in 62 cities located in 24 states and union territories in the country as part of the second phase of the FAME India scheme. Similarly, in November 2019, the Government of Germany planned an investment of $3.93 billion for the expansion of electric car charging stations. The government also planned to set up 50,000 publicly accessible charging stations across the nation by 2022. Moreover, the government initiatives undertaken for the installation of EV charging infrastructure will support the growth of the market in focus during the forecast period.

Key Electric Vehicle Charging Infrastructure Market Trend

The emergence of wireless charging of EVs will fuel the global electric vehicle charging infrastructure market growth. Wireless charging is beneficial as it reduces the size of the battery. In the case of proper infrastructure for wireless charging, EVs can be charged when parked on the side of a road or while driving. This will reduce the demand for large battery packs. The reduction in the size of the battery will also help in decreasing the weight and cost of the vehicle. Furthermore, in wireless charging, users do not have to insert cables, which makes it a user-friendly approach. Such benefits of wireless charging have led governments and automotive manufacturers in several countries to invest in the development and adoption of wireless charging of EVs. Hence, the emergence of wireless charging of EVs will increase the investment in enhancing the electric vehicle infrastructure, thus supporting the growth of the market during the forecast period.

Key Electric Vehicle Charging Infrastructure Market Challenge

The lack of standardization and infrastructure is a major challenge for the global electric vehicle charging infrastructure market growth. The lack of universal or standardized charging networks for EVs is one of the bottlenecks faced in the adoption of EV charging infrastructure. Countries and markets are following their own standards for EV charging infrastructure. For instance, Japan enforces the CHArge de Move (CHAdeMO) standard on EV charging stations, whereas the combined charging system (CCS) is the standard enforced in European countries, the US, and South Korea. In China, GB/T 20234 is the standard used for EV charging stations. Therefore, the lack of uniformity in standards for EV charging infrastructure impacts the adoption of EV charging infrastructure, especially in countries that import EVs from these countries. For instance, developing countries such as India import of EVs from Europe, the US, and Japan. These developing countries also lack EV charging infrastructure standards, which restricts the adoption of EV charging infrastructure. This impacts the growth of the market in focus during the forecast period.

This electric vehicle charging infrastructure market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2020-2024.

Parent Market Analysis

The global electric vehicle charging infrastructure market is a part of the global automotive components and accessories market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the electric vehicle charging infrastructure market during the forecast period.

Who are the Major Electric Vehicle Charging Infrastructure Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • ABB Ltd.
  • BP Plc
  • ChargePoint Inc.
  • E.ON SE
  • EnBW Energie Baden Wurttemberg AG
  • EVgo Services LLC
  • Royal Dutch Shell Plc
  • Siemens AG
  • The Mobility House GmbH
  • Webasto SE

 

This statistical study of the electric vehicle charging infrastructure market encompasses successful business strategies deployed by the key vendors. The electric vehicle charging infrastructure market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • ABB Ltd.- The company offers products such as Terra 54.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The electric vehicle charging infrastructure market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Electric Vehicle Charging Infrastructure Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the electric vehicle charging infrastructure market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global automotive components and accessories market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Electric Vehicle Charging Infrastructure Market?

Electric Vehicle Charging Infrastructure Market Market segmentation by region

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47% of the market's growth will originate from APAC during the forecast period. China, Japan, and South Korea (Republic of Korea) are the key markets for the electric vehicle charging infrastructure market in APAC. Market growth in this region will be faster than the growth of the market in regions.

The rise in government initiatives that support the installation of EV charging stations will facilitate the electric vehicle charging infrastructure market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the electric vehicle charging infrastructure market in APAC witnessed certain challenges. The outbreak of COVID-19 affected many countries in the region, such as China, India, South Korea, and Japan. Since early 2020, governments of many countries in the region have been imposing periodic nationwide lockdowns to prevent the community's spread of the disease. This adversely affected the economy of the region, supply chains, and the industrial and commercial sectors in 2020 and early 2021. However, in 2021, the initiation of large-scale vaccination drives?has lifted the lockdown and travel restrictions, which led to the resumption of supply chain activities. Such factors are expected to drive the market during the forecast period.

What are the Revenue-generating Type Segments in the Electric Vehicle Charging Infrastructure Market?

Electric Vehicle Charging Infrastructure Market Segmentation

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The electric vehicle charging infrastructure market share growth in the AC segment will be significant during the forecast period. It is one of the most common charging methods used in EVs. AC chargers for EVs require up to 22 kWh. This type of charging is mostly used in areas such as parking lots because vehicles are parked for a long duration in these places. Such factors will increase the market focus during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the electric vehicle charging infrastructure market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Electric Vehicle Charging Infrastructure Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 51.97%

Market growth 2020-2024

$ 17.64 billion

Market structure

Fragmented

YoY growth (%)

49.04

Regional analysis

APAC, North America, Europe, and South America

Performing market contribution

APAC at 47%

Key consumer countries

China, US, Japan, South Korea (Republic of Korea), and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

ABB Ltd., BP Plc, ChargePoint Inc., E.ON SE, EnBW Energie Baden Wurttemberg AG, EVgo Services LLC, Royal Dutch Shell Plc, Siemens AG, The Mobility House GmbH, and Webasto SE

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Electric Vehicle Charging Infrastructure Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive electric vehicle charging infrastructure market growth during the next five years
  • Precise estimation of the electric vehicle charging infrastructure market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the electric vehicle charging infrastructure industry across APAC, North America, Europe, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of electric vehicle charging infrastructure market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: Automotive Components and accessories

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Type

    • 5.1 Market segments
      • Exhibit 15: Type - Market share 2020-2025 (%)
    • 5.2 Comparison by Type
      • Exhibit 16: Comparison by Type
    • 5.3 AC - Market size and forecast 2020-2025
      • Exhibit 17: AC - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: AC - Year-over-year growth 2020-2025 (%)
    • 5.4 DC - Market size and forecast 2020-2025
      • Exhibit 19: DC - Market size and forecast 2020-2025 ($ million)
      • Exhibit 20: DC - Year-over-year growth 2020-2025 (%)
    • 5.5 Market opportunity by Type
      • Exhibit 21: Market opportunity by Type

    6 Customer landscape

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 23: Market share by geography 2020-2025 (%)
    • 7.2 Geographic comparison
      • Exhibit 24: Geographic comparison
    • 7.3 APAC - Market size and forecast 2020-2025
      • 7.4 Europe - Market size and forecast 2020-2025
        • Exhibit 27: Europe - Market size and forecast 2020-2025 ($ million)
        • Exhibit 28: Europe - Year-over-year growth 2020-2025 (%)
      • 7.5 North America - Market size and forecast 2020-2025
        • Exhibit 29: North America - Market size and forecast 2020-2025 ($ million)
        • Exhibit 30: North America - Year-over-year growth 2020-2025 (%)
      • 7.6 MEA - Market size and forecast 2020-2025
        • Exhibit 31: MEA - Market size and forecast 2020-2025 ($ million)
        • Exhibit 32: MEA - Year-over-year growth 2020-2025 (%)
      • 7.7 South America - Market size and forecast 2020-2025
        • Exhibit 33: South America - Market size and forecast 2020-2025 ($ million)
        • Exhibit 34: South America - Year-over-year growth 2020-2025 (%)
      • 7.8 Key leading countries
        • Exhibit 35: Key leading countries
      • 7.9 Market opportunity by geography
        • Exhibit 36: Market opportunity by geography ($ million)

      8 Drivers, Challenges, and Trends

      • 8.1 Market drivers
        • 8.2 Market challenges
          • Exhibit 37: Impact of drivers and challenges
        • 8.3 Market trends

          9 Vendor Landscape

          • 9.1 Vendor landscape
            • Exhibit 38: Vendor landscape
          • 9.2 Landscape disruption
            • Exhibit 39: Landscape disruption
            • Exhibit 40: Industry risks
          • 9.3 Competitive Landscape

            10 Vendor Analysis

            • 10.1 Vendors covered
              • 10.2 Market positioning of vendors
                • Exhibit 42: Market positioning of vendors
              • 10.3 ABB Ltd.
                • Exhibit 43: ABB Ltd. - Overview
                • Exhibit 44: ABB Ltd. - Business segments
                • Exhibit 45: ABB Ltd. – Key news
                • Exhibit 46: ABB Ltd. - Key offerings
                • Exhibit 47: ABB Ltd. - Segment focus
              • 10.4 BP Plc
                • Exhibit 48: BP Plc - Overview
                • Exhibit 49: BP Plc - Business segments
                • Exhibit 50: BP Plc - Key offerings
                • Exhibit 51: BP Plc - Segment focus
              • 10.5 E.ON SE
                • Exhibit 52: E.ON SE - Overview
                • Exhibit 53: E.ON SE - Business segments
                • Exhibit 54: E.ON SE - Key offerings
                • Exhibit 55: E.ON SE - Segment focus
              • 10.6 EVgo Services LLC
                • Exhibit 56: EVgo Services LLC - Overview
                • Exhibit 57: EVgo Services LLC - Product and service
                • Exhibit 58: EVgo Services LLC – Key news
                • Exhibit 59: EVgo Services LLC - Key offerings
              • 10.7 Infineon Technologies AG
                • Exhibit 60: Infineon Technologies AG - Overview
                • Exhibit 61: Infineon Technologies AG - Business segments
                • Exhibit 62: Infineon Technologies AG – Key news
                • Exhibit 63: Infineon Technologies AG - Key offerings
                • Exhibit 64: Infineon Technologies AG - Segment focus
              • 10.8 Royal Dutch Shell Plc
                • Exhibit 65: Royal Dutch Shell Plc - Overview
                • Exhibit 66: Royal Dutch Shell Plc - Business segments
                • Exhibit 67: Royal Dutch Shell Plc – Key News
                • Exhibit 68: Royal Dutch Shell Plc - Key offerings
                • Exhibit 69: Royal Dutch Shell Plc - Segment focus
              • 10.9 Schneider Electric SE
                • Exhibit 70: Schneider Electric SE - Overview
                • Exhibit 71: Schneider Electric SE - Business segments
                • Exhibit 72: Schneider Electric SE – Key news
                • Exhibit 73: Schneider Electric SE - Key offerings
                • Exhibit 74: Schneider Electric SE - Segment focus
              • 10.10 Siemens AG
                • Exhibit 75: Siemens AG - Overview
                • Exhibit 76: Siemens AG - Business segments
                • Exhibit 77: Siemens AG – Key news
                • Exhibit 78: Siemens AG - Key offerings
                • Exhibit 79: Siemens AG - Segment focus
              • 10.11 The Mobility House GmbH
                • Exhibit 80: The Mobility House GmbH - Overview
                • Exhibit 81: The Mobility House GmbH - Product and service
                • Exhibit 82: The Mobility House GmbH – Key News
                • Exhibit 83: The Mobility House GmbH - Key offerings
              • 10.12 Webasto SE
                • Exhibit 84: Webasto SE - Overview
                • Exhibit 85: Webasto SE - Product and service
                • Exhibit 86: Webasto SE - Key offerings

              11 Appendix

              • 11.1 Scope of the report
                • 11.2 Currency conversion rates for US$
                  • Exhibit 87: Currency conversion rates for US$
                • 11.3 Research methodology
                  • Exhibit 88: Research Methodology
                  • Exhibit 89: Validation techniques employed for market sizing
                  • Exhibit 90: Information sources
                • 11.4 List of abbreviations
                  • Exhibit 91: List of abbreviations

                Research Framework

                Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                TechnavioINFORMATION SOURCES

                Primary sources

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases
                Technavio

                TechnavioDATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts
                Technavio

                TechnavioREPORT WRITING

                Qualitative

                • Market drivers
                • Market challenges
                • Market trends
                • Five forces analysis

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape
                Interested in this report?
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                Electric Vehicle Charging Infrastructure Market market growth will increase by $17.64 bn during 2020-2024.
                The electric vehicle charging infrastructure market market is expected to grow at a CAGR of 51.97% during 2020-2024.
                Technavio has segmented the electric vehicle charging infrastructure market market by type (AC and DC) ,geography (APAC, North America, Europe, and South America) , and geographic (APAC, North America, Europe, and South America).
                ABB Ltd., BP Plc, ChargePoint Inc., E.ON SE, EnBW Energie Baden Wurttemberg AG, EVgo Services LLC, Royal Dutch Shell Plc, Siemens AG, The Mobility House GmbH, Webasto SE are a few of the key vendors in the electric vehicle charging infrastructure market market.
                APAC will register the highest growth rate of 47% among the other regions. Therefore, the electric vehicle charging infrastructure market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
                • China
                • US
                • Japan
                • South Korea (Republic of Korea)
                • Germany
                The key factors driving the electric vehicle charging infrastructure market market growth are:
                • Rise in government initiatives that support the installation of EV charging stations
                • Emergence of wireless charging of EVs
                The electric vehicle charging infrastructure market market vendors should focus on grabbing business opportunities from the ac segment as it accounted for the largest market share in the base year.
                • What are the key global market and the regional market share?
                • What are the revenue-generating key market segments?
                • What are the key factors driving and challenging this market’s growth?
                • Who are the key market vendors and their growth strategies?
                • What are the latest trends influencing the growth of this market?
                • What are the variables influencing the market growth in the primary regions?
                • What are the factors influencing the growth of the parent market?
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                • Parent market analysis
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                • Detailed vendors report with competitive landscape
                • Covid-19 impact and recovery analysis
                • Data on revenue-generating market segments
                • Details on the market shares of various regions
                • Five-force market analysis

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