From $24.6 Billion to $270.5 Billion : The Rise of Electric Vehicle Infrastructures Market by 2033

Allied Market Research published a report, titled, "Electric Vehicle Infrastructures Market by Charger Type (Slow Charger and Faster Charger), Installation Type (Fixed and Portable), Connector (CHAdeMO, CCS and Others), Deployment (Private and Public), Application (Commercial and Residential): Global Opportunity Analysis and Industry Forecast, 2024-2033". According to the report, the electric vehicle infrastructures market was valued at $24.6 billion in 2023, and is estimated to reach $270.5 billion by 2033, growing at a CAGR of 27.6% from 2024 to 2033.

The global electric vehicle infrastructure market is witnessing rapid growth, driven by the increasing adoption of electric vehicles worldwide. Governments and private enterprises are investing heavily in expanding charging networks to meet the rising demand for EVs. This growth is bolstered by supportive policies and incentives aimed at reducing carbon emissions and combating climate change. Technological advancements in charging solutions, such as fast charging and wireless charging, are further enhancing the convenience and feasibility of EV ownership. Additionally, partnerships between automakers, energy companies, and technology providers are fostering the development of integrated and innovative charging solutions. As a result, the global EV infrastructure market is expected to witness continued expansion, playing a crucial role in the transition to sustainable transportation.

𝐆𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 : https://www.alliedmarketresearch.com/request-sample/A73347

𝐁𝐲 𝐂𝐡𝐚𝐫𝐠𝐞𝐫 𝐓𝐲𝐩𝐞

𝐓𝐡𝐞 𝐟𝐚𝐬𝐭 𝐜𝐡𝐚𝐫𝐠𝐞𝐫 𝐬𝐞𝐠𝐦𝐞𝐧𝐭 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐞𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐞 𝐫𝐚𝐩𝐢𝐝 𝐠𝐫𝐨𝐰𝐭𝐡 𝐭𝐡𝐫𝐨𝐮𝐠𝐡𝐨𝐮𝐭 𝐭𝐡𝐞 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐩𝐞𝐫𝐢𝐨𝐝.

By charger type, the fast charger segment is anticipated to experience faster growth in the electric vehicle infrastructure market due to the This rise is due to various governments' increasing initiatives to accelerate the implementation of public fast-charging infrastructure. Most organizations have installed Level 3 DC fast chargers or Level 2 AC charging stations, which can fully charge an electric vehicle in 30 minutes to 4 hours. Furthermore, automakers are emphasizing the installation of electric vehicle charging stations for their employees as part of their attempts to increase awareness about their electric vehicles and public charging stations.

𝐁𝐲 𝐈𝐧𝐬𝐭𝐚𝐥𝐥𝐚𝐭𝐢𝐨𝐧 𝐓𝐲𝐩𝐞

𝐓𝐡𝐞 𝐟𝐢𝐱𝐞𝐝 𝐬𝐞𝐠𝐦𝐞𝐧𝐭 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐞𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐞 𝐫𝐚𝐩𝐢𝐝 𝐠𝐫𝐨𝐰𝐭𝐡 𝐭𝐡𝐫𝐨𝐮𝐠𝐡𝐨𝐮𝐭 𝐭𝐡𝐞 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐩𝐞𝐫𝐢𝐨𝐝.

By installation type, the fixed segment is anticipated to experience growth in the electric vehicle infrastructure market, owing to its ability to provide reliable and consistent charging solutions in various locations, including residential, commercial, and public areas. Fixed charging stations offer higher power outputs compared to mobile solutions, enabling faster charging times which are essential for the convenience of EV users. The increasing adoption of electric vehicles in urban areas is driving the demand for accessible and strategically placed fixed charging infrastructure.

𝐁𝐲 𝐂𝐨𝐧𝐧𝐞𝐜𝐭𝐨𝐫

𝐓𝐡𝐞 𝐨𝐭𝐡𝐞𝐫𝐬 𝐬𝐞𝐠𝐦𝐞𝐧𝐭 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐞𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐞 𝐫𝐚𝐩𝐢𝐝 𝐠𝐫𝐨𝐰𝐭𝐡 𝐭𝐡𝐫𝐨𝐮𝐠𝐡𝐨𝐮𝐭 𝐭𝐡𝐞 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐩𝐞𝐫𝐢𝐨𝐝.

By connector, in 2023, the others sector had the most market revenue share. This category comprises connectors such as GB/T, Mennekes, J1772, and others. This segment's dominance is due to China's widespread use of GB/T connections. The GB/T connector is China's official EV plug standard, and it is utilized by all EV chargers. High EV sales, combined with a high presence of EV charging infrastructure in China, are expected to drive segment growth.

𝐁𝐲 𝐃𝐞𝐩𝐥𝐨𝐲𝐦𝐞𝐧𝐭

𝐓𝐡𝐞 𝐩𝐮𝐛𝐥𝐢𝐜 𝐬𝐞𝐠𝐦𝐞𝐧𝐭 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐞𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐞 𝐫𝐚𝐩𝐢𝐝 𝐠𝐫𝐨𝐰𝐭𝐡 𝐭𝐡𝐫𝐨𝐮𝐠𝐡𝐨𝐮𝐭 𝐭𝐡𝐞 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐩𝐞𝐫𝐢𝐨𝐝.

By deployment, the public segment is anticipated to experience growth in the electric vehicle infrastructure market, owing to its ability to provide reliable and consistent charging solutions in various locations, including residential, commercial, and public areas. As more cities and countries set ambitious targets for reducing carbon emissions and transitioning to electric mobility, there is a heightened demand for the development of EV charging networks and supporting infrastructure. Public sector investments are crucial for expanding charging station coverage, particularly in urban areas and along major transportation corridors, making EV adoption more feasible and convenient for consumers. Additionally, government incentives and policies aimed at promoting green energy and reducing reliance on fossil fuels further drive this growth.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 : https://www.alliedmarketresearch.com/electric-vehicle-infrastructures-market/purchase-options

𝐁𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧

𝐓𝐡𝐞 𝐜𝐨𝐦𝐦𝐞𝐫𝐜𝐢𝐚𝐥 𝐬𝐞𝐠𝐦𝐞𝐧𝐭 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐞𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐞 𝐫𝐚𝐩𝐢𝐝 𝐠𝐫𝐨𝐰𝐭𝐡 𝐭𝐡𝐫𝐨𝐮𝐠𝐡𝐨𝐮𝐭 𝐭𝐡𝐞 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐩𝐞𝐫𝐢𝐨𝐝.

By application, the commercial segment is anticipated to experience growth in the electric vehicle infrastructure market, owing to its critical role in supporting the widespread adoption of electric vehicles across various sectors. Commercial charging stations, located in workplaces, retail centers, parking garages, and other public venues, offer convenient access for EV users, encouraging more consumers and businesses to transition to electric vehicles. The rise of fleet electrification in logistics, ride-sharing, and public transportation is driving the need for robust commercial charging solutions.

𝐁𝐲 𝐑𝐞𝐠𝐢𝐨𝐧

𝐀𝐬𝐢𝐚-𝐏𝐚𝐜𝐢𝐟𝐢𝐜 𝐭𝐨 𝐦𝐚𝐢𝐧𝐭𝐚𝐢𝐧 𝐢𝐭𝐬 𝐝𝐨𝐦𝐢𝐧𝐚𝐧𝐜𝐞 𝐛𝐲 𝟐𝟎𝟑𝟑.

Region wise, Asia-Pacific is expected to maintain its dominance in the electric vehicle infrastructure market by 2033 owing to robust owing to robust government initiatives, substantial investments in sustainable transportation, and rapid urbanization. Governments across the region, particularly in China, Japan, and South Korea, are implementing policies and subsidies to promote the adoption of electric vehicles and the expansion of EV charging networks. The commitment to reducing carbon emissions and combating air pollution is driving large-scale deployments of EV infrastructure. Additionally, the increasing collaboration between public and private sectors is accelerating the development of advanced and extensive charging networks.

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 :

ChargePoint, Inc.
ABB Ltd.
Tritium DCFC Limited
Delta Electronics, Inc.
BTC Power
Siemens
Schneider Electric
Eaton Corporation plc
bp pulse
Webasto Group
Tesla Inc

The report provides a detailed analysis of these key players in the global electric vehicle infrastructure market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://www.alliedmarketresearch.com/purchase-enquiry/A73347

𝐑𝐞𝐜𝐞𝐧𝐭 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐍𝐞𝐰𝐬

In February 2023, ChargePoint Holdings, Inc. and Fisker, Inc., an automobile company, announced an agreement to improve the driving experience of Fisker Ocean drivers. The partnership aims to ensure that Fisker Ocean drivers can access charging facilities conveniently and seamlessly.

In February 2023, bp pulse unveiled plans to invest $1 billion in the development of electric vehicle (EV) charging stations in the U.S. by 2030, with a significant aspect of the investment dedicated to collaborating with The Hertz Corporation on the construction of fast-charging infrastructure at The Hertz Corporation's facilities in prominent cities such as Austin, Atlanta, Boston, Denver, Chicago, New York City, Houston, Miami, San Francisco, and Washington, DC.

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 :

Electric Vehicle Supply Equipment (EVSE) Market
https://www.alliedmarketresearch.com/electric-vehicle-supply-equipment-market-A07130

Flying Bikes Market
https://www.alliedmarketresearch.com/flying-bikes-hoverbikes-market-A09095

Micromobility Market
https://www.alliedmarketresearch.com/micro-mobility-market-A11372

Automotive Cybersecurity Market
https://www.alliedmarketresearch.com/automotive-cyber-security-market-A08901

Self-Balancing Mobility Market
https://www.alliedmarketresearch.com/self-balancing-mobility-market-A15613

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 :

David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
USA/Canada (Toll Free):
+1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-800-792-5285
help@alliedmarketresearch.com

Web: www.alliedmarketresearch.com

Allied Market Research Blog: https://blog.alliedmarketresearch.com

𝐀𝐛𝐨𝐮𝐭 𝐮𝐬 :

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.