Electric Vehicle Charging Infrastructure Market to Grow at 31.22% CAGR by 2026 – TechSci Research

Continuous increase in pollution and increasing demand for electric vehicles all around the world to drive the Global Electric Vehicle Charging Infrastructure market through 2026.

According to TechSci Research report, “Global Electric Vehicle Charging Infrastructure Market By Vehicle Type (Two Wheeler, Four Wheeler and Commercial Vehicle), By Type (AC and DC), By Charging Mode (Plug-in and Wireless), By Installed Location (Residential and Commercial), By Connector Type (Uk 3-Pin, Industrial Commando, Type 1, Type 2, CHAdeMO, CCS, Tesla’s proprietary supercharger connectors), By Type of Charging ( Slow and Fast), By Region, Competition, Forecast & Opportunities, 2026”, the Global Electric Vehicle Charging Infrastructure market is anticipated to reach USD36.72 billion by 2026 because of continuously rising pollution levels all around the world and increasing demand for electric vehicle globally. The significant market growth is primarily due to the rising number of initiatives undertaken by both public as well as private sectors to encourage the population to switch to EVs. The governments all around the world are creating awareness among their citizens to use electric vehicles rather than other fuel-based vehicles to reduce pollution level in their respective countries. The step taken by the governments is showing a good result, as the demand for electric vehicles is increasing rapidly. Fuels like petrol, diesel, etc. increase the pollution level in the atmosphere by releasing harmful gases like carbon monoxide. However, with electric vehicles, the chances of polluting atmosphere reduce as these vehicles use battery to power themselves, hence reducing vehicle emissions. Electric vehicles not only decrease the pollution levels but also have inexpensive ownership costs. As the demand for electric vehicles are increasing, it is important to develop or setup new EV charging stations to overcome the shortage of charging stations.

Browse more than 215 market data Figures spread through 110 Pages and an in-depth TOC on "Global Electric Vehicle Charging Infrastructure market"

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Global Electric Vehicle Charging Infrastructure market can be segmented based on vehicle type, by type, by charging mode, by installed location, by connector type and by type of charging. On the basis of vehicle type, the market can be classified into two-wheeler, four-wheeler and commercial vehicle. Based on vehicle type, electric two-wheelers have the majority of share because of high fluctuation in petrol prices all around the world. Owing to large share of two wheelers, the charging stations are also more for two wheelers than four wheelers. In the forecast period, two-wheeler charging infrastructure is expected to dominate over four-wheeler, but the four-wheeler is expected to show a good year-on-year growth. Based on type, AC charging stations are more than DC because of low power consumption and less costly to setup. However, due to more charging time, it is expected that the DC charging station will show a good growth in forecast period. By charging mode, plug-in charging stations are more than 95% and it is expected that it will dominate the wireless charging station with almost same amount of share. By installed location, commercial EV charging station dominates the residential EV charging station because the cost of installation is more for residential EV charging station than commercial charging station. Due to increasing fleet of electric vehicle, it is expected that residential EV charging station will increase in the forecast period at a good year-on-year growth, but commercial EV charging station remains dominant in the future as well. Based on type of charging, the slow EV charging stations are more than fast charging stations. However, as the fleet of electric vehicle increases, the demand for fast charging station will also increase. Hence, it is expected that in the forecast period, fast charging stations will increase and the margin of share between slow and fast will decrease rapidly.

Major players operating in the global Electric Vehicle Charging Infrastructure market are TGOOD Global Ltd., ChargePoint, Inc. EVBox, ABB etc., are among some of the leading players operating in the global Electric Vehicle Charging Infrastructure market. Apart from these companies, Tesla, Webasto Group, Siemens AG, Schneider Electric, Eaton and Royal Dutch Shell plc. are key players are developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers and acquisition, new product developments and also increasing their marketing activities and enriching product portfolio globally to increase their customer outreach.

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“In 2020, Asia-Pacific accounted for the largest share, i.e., 64.71% in the global Electric Vehicle Charging Infrastructure market and it is expected to dominate in the forecast period also. Asia-Pacific is leading the global Electric Vehicle Charging Infrastructure market because of increase fleet of electric vehicles in China. China itself has a share of approximately above 50% in the global Electric Vehicle Charging Infrastructures sales.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

According to TechSci Research “Global Electric Vehicle Charging Infrastructure Market By Vehicle Type (Two Wheeler, Four Wheeler and Commercial Vehicle), By Type (AC and DC), By Charging Mode (Plug-in and Wireless), By Installed Location (Residential and Commercial), By Connector Type (Uk 3-Pin, Industrial Commando, Type 1, Type 2, CHAdeMO, CCS, Tesla’s proprietary supercharger connectors), By Type of Charging (Slow and Fast), By Region, Competition, Forecast & Opportunities, 2026” has evaluated the future growth potential of the Global Electric Vehicle Charging Infrastructure market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global Electric Vehicle Charging Infrastructure Market.

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