Electric Vehicle Supply Equipment (EVSE) Market [2023-2031] Share, Size, Growth, Key Vendors, Trends, Analysis

The global electric vehicle supply equipment (EVSE) market size was US$ 27.3 billion in 2021. The global electric vehicle supply equipment (EVSE) market is forecast to grow to US$ 299.1 billion by 2030 by registering a compound annual growth rate (CAGR) of 28.2% during the forecast period from 2022 to 2030.

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EVSE find application in charging electric vehicles across various locations, including homes, highways, parks, corporate offices, bus depots, hotels, etc.

Factors Influencing the Market
The rapidly growing electric vehicle industry will primarily drive the growth of the electric vehicle supply equipment (EVSE) market during the forecast period. Moreover, the growing transportation industry is expected to benefit the electric vehicle supply equipment (EVSE) market during the forecast period. Various public transport agencies, such as the Warsaw Public Transport Authority, Göteborg Energi, etc., are emphasizing developing efficient growth strategies. Thus, it will offer lucrative growth opportunities for the electric vehicle supply equipment (EVSE) market during the study period.
Rising funding by government agencies for the improvement of EV charging infrastructure will contribute to the growth of the electric vehicle supply equipment (EVSE) market during the forecast period. For instance, the Automotive Research Association of India unveiled its plan to install nearly 200 EV charging stations across the country.
Growing fuel prices and increasing regulations mandating the sales of electric vehicles will benefit the electric vehicle supply equipment (EVSE) market.

COVID-19 Impact Analysis
The COVID-19 pandemic has affected the demand for electric vehicles as governments initially halted travel activities. Moreover, the focus from transportation significantly shifted to the healthcare segment. As a result, the market witnessed reduced investments. Therefore, it hampered the growth of the electric vehicle supply equipment (EVSE) market.

Regional Analysis
The Asia-Pacific electric vehicle supply equipment (EVSE) market has significant potential in the coming years due to the growing automotive industry in the region. The presence of a large number of EV manufacturers is expected to benefit the electric vehicle supply equipment (EVSE) market during the forecast period. Apart from that, China holds the largest share in the EV industry, which will contribute to the electric vehicle supply equipment (EVSE) market growth.
Growing technological advancements and rising investments by government bodies will benefit the market. Apart from that, the governments in India, China, Japan, and South Korea have introduced various regulations aimed at increasing the use of electric vehicles. Thus, it will drive the scope of the electric vehicle supply equipment (EVSE) market during the study period.

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Competitors in the Market
• Abb Ltd
• Chargepoint Holdings, Inc
• Delta Electronics, Inc
• BP Chargemaster
• Eaton Corporation Plc
• Leviton Manufacturing Co., Inc.
• Siemens AG
• Schneider Electric
• Tesla
• Webasto Group
• Other Prominent Players

The report furnishes an intricate comprehension of each segment, delivering potential estimations for principal applications and insights into emerging prospects. Every regional market is meticulously scrutinized to ascertain its potential for growth, development, and demand in the forthcoming years.

As of the end of 2022, the Electric Vehicle Supply Equipment (EVSE) industry experienced notable growth in its workforce. Starting in January, employment within the Electric Vehicle Supply Equipment (EVSE) sector exceeded its pre-COVID levels, resulting in an expansion of payrolls by over 15,000 employees throughout the course of the year. The global Electric Vehicle Supply Equipment (EVSE) output demonstrated a remarkable increase of 5.2% during 2021, primarily attributed to a widespread economic upswing and a surge in demand for commodities. However, the momentum shifted in 2022, with the global industrial sector's production contracting. This reversal followed a robust expansion in 2021, fueled by altered consumer spending patterns and substantial fiscal support.

Forecasts indicate that the global Electric Vehicle Supply Equipment (EVSE) output is set to rise by approximately 2.9% in 2023. This projection is underpinned by the gradual recovery of production in Western Europe from its previous troughs, as well as a rebound in output across the Asia/Pacific region. Maintaining its dominant position, China, accounting for nearly 45% of the global Electric Vehicle Supply Equipment (EVSE) market, remains both its largest producer and consumer. Remarkably, China's market share has surged since 2010, when it stood at around 26%. This ascent has led to a substantial contribution to the nation's GDP. Notably excelling as a top exporter, China leads in various sectors, including silicon, PVC, and several specific segments of the Electric Vehicle Supply Equipment (EVSE) market.

Market Segmentation
The global electric vehicle supply equipment (EVSE) market segmentation focuses on Power, Product, Charging Station, Application, and Region.
By Power Type Outlook
• AC Power
• DC Power
By Product Outlook
• Portable Charger
• EV Charging Kiosk
• Onboard Charging Station
• Others

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By Charging Station Type Outlook
• Normal Charging
• Super Charging
• Inductive Charging
By Application Outlook
• Commercial
o Destination Charging Station
o Highway Charging Station
o Bus Charging Station
o Fleet Charging Station
o Others
• Residential
By Region
● North America
o The U.S.
o Canada
o Mexico
● Europe
▪ Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
▪ Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
● Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
● Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
● South America
o Brazil
o Argentina
o Rest of South America

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Table of Contents:

Chapter 1: Introduction to the Global Electric Vehicle Supply Equipment (EVSE) Industry

Chapter 3: Dynamics of the Market

Chapter 4: Profiles of Leading Companies

Chapter 5: Competition in the Global Electric Vehicle Supply Equipment (EVSE) Market among Players

Chapter 6: Market Size across Global Regions

Chapter 7: Application Segments in the Global Market

Chapter 8: Segment Analysis of the Global Electric Vehicle Supply Equipment (EVSE) Industry

Chapter 9: Market Chain, Sourcing Strategies, and Downstream Buyers

Chapter 10: Strategies and Key Policies by Distributors/Suppliers/Traders

Chapter 11: In-depth Analysis of Key Marketing Strategies by Market Vendors

Chapter 12: Evaluation of Market Impact Factors

Chapter 13: Forecasted Global Electric Vehicle Supply Equipment (EVSE) Market Size (2023-2031)
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