New Strategic Research Report on Electric Charging Station Provider Market 2022 and Top Key Players with Comprehensive Forecast to 2027

Electric charging station is a machine that supplies electric energy to charge electric vehicles. The user just needs to connect a specific adapter cable to the vehicle's charging port to charge the vehicle. Many people charge their vehicle at public charging stations. They can be free or subscription-based, with prices set by electric charging station provider. Charging station can be used to recharge/charge plug-in electric vehicles, including electric cars, plug-in hybrids, or neighborhood electric vehicles, among others.

The global electric charging station provider market is divided into six regions, such as North America, South America, Asia Pacific, Europe, Middle East, and Africa.

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Competitive Section:

The Key Manufacturers Covered in this Report:

ChargePoint Inc., Schneider Electric, Tesla Inc., BP Chargemaster, Shell International BV, Webasto Group, Siemens AG, EVBox, Eaton

Drivers:

Increase demand for electric charging stations due to increase in EV sales around the world is expected to augment the growth of the global electric charging station provider market during the forecast period. For instance, according to the International Energy Agency (IEA), EV sales reach almost 15 million in 2025 and over 25 million vehicles in 2030, representing respectively 10% and 15% of all road vehicle sales.

Moreover, government policies and subsidies to support faster setup of EV charging stations, reducing price of EVs in global market, and stringent emission and fuel economy norms are expected to boost the growth of the global electric charging station provider market.

By Product Type, the Market is Primarily Segmented into:

Fast Charging, Slow/Moderate Charging

By Applications, the Market is Segmented into:

Commercial, Residential

Restraints:

Lack of standardization of charging infrastructure, strict rules for installation of EV charging stations, and higher initial cost of electric vehicles compared to ICE vehicles are some major factors expected to impede growth of the global electric charging station provider market.

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Regional Insights:

North America, Europe, and Asia Pacific are expected to witness significant growth in the global electric charging station provider market owing to the rise in EV production and sales, stringent emission and fuel economy standards, government policies and subsidies, and well-established charging infrastructure in these regions.

For instance, in November 2020, the Government of India announced government's plan to set up charging infrastructure for one e-charging kiosk at around 69 thousand petrol stations across India. Moreover, by 2030, the government aims to make India a 100% electric-vehicle nation.

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