Electric Vehicle Charging Infrastructure Market To Grow With A CAGR of 36.3% During 2020-20232 | Allego, Alfen, ABB Ltd., BP Chargemaster, Blink Charging Co. Clippercreek, Inc., Chargepoint, Inc., Tesla Inc., EVGO Services LLC, Semaconnect Network

Electric vehicles (EVs) are gaining momentum in the transportation industry in recent times owning to increasing demand for lightweight fuel efficient vehicles, along with the growing concern for environmental related norms and regulations. Electric vehicles (EVs) mainly use one or several motors that are powered by fuel cell, battery, solar panels, or generators installed in the vehicles for propulsions.

Many innovators from Hungry, Netherlands, and the U.S. tried the concept of battery-operated vehicles and were able to develop a concept small scale electric vehicle model in early 1800. But in 1890, William Morrison, a chemist by profession, developed an electric vehicle capable of carrying six persons. The vehicle attained a speed of 14 miles per hour.

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Major players operating in global electric vehicle charging infrastructure market include Allego, Alfen, ABB Ltd., BP Chargemaster, Blink Charging Co. Clippercreek, Inc., Chargepoint, Inc., Tesla Inc., EVGO Services LLC, Semaconnect Network, Greenlots, and EV Connect, Electrify America LLC, Opconnect, Inc., Webasto Group, Engie SA, Schneider Electric SE, Siemens AG, Efacec Power Solutions, Leviton, Tgood, and Others.

In future, advancement in technology, increasing battery capacity, and the use of lightweight materials in EVs are going to provide better efficiency, thereby further contributing to the development of electric vehicles across regions.

Electric vehicle charging infrastructure is broadly divided into three categories - alternate current, direct current, and wireless charging. Alternate current is also known as level 1 and level 2. Here, the in-car inverter converts alternate current into direct current and charges the battery at either level 1 or level 2. Direct current, also known as level 3 charging, converts alternate current to direct current without any inverter. Wireless charging, on the other hand, uses electromagnetic waves to charge batteries.

The global electric vehicle charging infrastructure market size is estimated to be USD 3.8 billion in 2022 and is projected to grow with a CAGR of 36.3% in terms of value from 2022 to 2032. Increasing government spending towards the development of highway and road connectivity and establishment of better charging facilities in developed economies are some of the major factors that are contributing to the growth of the electric vehicles charging infrastructure market.

Electric Vehicle Charging Infrastructure Market, by Infrastructure Provider:

Based on infrastructure provider, the electric vehicle charging infrastructure market has been segmented into charging point operator (CPO), e-mobility service provider (EMSP), and charging hubs. The charging point operator (CPO) infrastructure provider segment of the electric vehicle charging infrastructure market is anticipated to capture the largest market share among other segments in the coming years.

Electric Vehicle Charging Infrastructure Market, by Infrastructure Type:

Based on the infrastructure type, electric vehicle charging infrastructure market has been segmented into Combined Charging System (CCS), CHAdeMO, normal charging, Tesla supercharger, and TYPE-2 (IEC 62196). Among these segments, Combined Charging System (CCS) and Tesla supercharger have captures a healthy market share in the global electric vehicle charging infrastructure type segment in 2022.

Electric Vehicle Charging Infrastructure Market, by Charging Level:

Based on the charging level, the electric vehicle charging infrastructure market has been segmented into level 1 (120 V), level 2 (208 V - 240 V), and level 3 (UPTO 600 V). Level 3 is mostly used over level 1 and level 2 due to its ability to provide high power. It also offers cost and weight saving by sharing it among several users.

Electric Vehicle Charging Infrastructure Market, by Vehicle Type:

Based on the vehicle type, electric vehicle charging infrastructure market has been segmented into electric bike, plug-in hybrid vehicle (PHEV), EV passenger cars, heavy delivery vans, and others. Among these, the plug-in hybrid vehicle is expected to register the fastest growth during the forecast period due to its rapid adoption in Asia-Pacific.

Electric Vehicle Charging Infrastructure Market, by Installation Type:

Based on the installation type, the electric vehicle charging infrastructure market has been segmented into portable charger and fixed charger. Portable charger is expected to grow at a higher rate due to the convenience to charge anywhere and is anticipated to remain so till the forecast period.

Electric Vehicle Charging Infrastructure Market, by Application:

Based on application, the electric vehicle charging infrastructure market has been segmented into public and private. The public electric vehicle charging infrastructure is expected to grow at a faster CAGR due to the increasing adoption of electrical vehicles by middle-income population.

Electric Vehicle Charging Infrastructure Market, by Region:

Based on region, the global electric vehicle charging infrastructure market segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The Asia-Pacific is expected to grow at the fastest rate. Increasing demand for electric vehicles and rising investment from private companies for establishing infrastructure are going to drive the market in the region during the forecast period.

Chapter covered in this report:

Chapter 1 mainly defines the market scope and introduces the macro overview of the industry, with an executive summary of different market segments ((by type, application, region, etc.), including the definition, market size, and trend of each market segment.

Chapter 2provides a qualitative analysis of the current status and future trends of the market. Industry Entry Barriers, market drivers, market challenges, emerging markets, consumer preference analysis, together with the impact of the COVID-19 outbreak will all be thoroughly explained.

Chapter 3 analyzes the current competitive situation of the market by providing data regarding the players, including their sales volume and revenue with corresponding market shares, price and gross margin. In addition, information about market concentration ratio, mergers, acquisitions, and expansion plans will also be covered.

Chapter 4 focuses on the regional market, presenting detailed data (i.e., sales volume, revenue, price, gross margin) of the most representative regions and countries in the world.

Chapter 5 provides the analysis of various market segments according to product types, covering sales volume, revenue along with market share and growth rate, plus the price analysis of each type.

Chapter 6 shows the breakdown data of different applications, including the consumption and revenue with market share and growth rate, with the aim of helping the readers to take a close-up look at the downstream market.

Chapter 7 provides a combination of quantitative and qualitative analyses of the market size and development trends in the next five years. The forecast information of the whole, as well as the breakdown market, offers the readers a chance to look into the future of the industry.

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