openPR Logo
Press release

Shaping the Electric Vehicle (EV) Charging Panelboard Market in 2025: Technological Advancements In EV Charging Panelboards To Enhance Charging Efficiency

Electric Vehicle (EV) Charging Panelboard Market Research

Electric Vehicle (EV) Charging Panelboard Market Research

"How Big Is the Electric Vehicle (EV) Charging Panelboard Market Expected to Be, and What Will Its Growth Rate Be?
The market for electric vehicle (EV) charging panelboards has seen substantial growth in the preceding years, expanding from a value of $7.25 billion in 2024, to an estimated $7.95 billion in 2025. This represents a compound annual growth rate (CAGR) of 9.6%. The noticeable growth witnessed in the historical period is primarily a result of increased uptake of electric vehicles, a greater understanding of environmental problems, improved accessibility, and a heightened demand for charging options.

The EV charging panelboard market is projected to experience robust growth in the imminent years. The market is expected to swell to a valuation of $11.33 billion by 2029, progressing at a compound annual growth rate of 9.3%. This growth during the prediction period can be linked to improvements in rapid charging rates, increased funding in charging facilities, and a surge in the number of charging stations. Key trends for the forecast period incorporate the integration of intelligent charging functionalities, advances in technology, and the introduction of new products and services.

What Are the Primary Growth Drivers for the Electric Vehicle (EV) Charging Panelboard Market?
The surge in the use of electric vehicles is projected to boost the expansion of the electric vehicle charging panelboard market in the future. Electric vehicles, powered by one or more electric motors instead of the traditional internal combustion engine that operates on gasoline or diesel, are increasingly becoming popular owing to environmental consciousness, financial incentives, and favorable regulations. Electric vehicle charging panelboards, crucial for controlling and administering power supply to various electric vehicle chargers, play a critical role in terms of safety, effectiveness, and scalability. Hence, they are key to the ever-evolving infrastructure required to facilitate the growing acceptance of electric vehicles worldwide. As an illustration, the International Energy Agency, an intergovernmental organization in France, stated in April 2024 that the sales of electric vehicles went up by 3.5 million in 2023 compared to 2022, marking an annual rise of 35%. Consequently, the escalating use of electric vehicles is propelling the market for electric (EV) vehicles charging panelboard.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=16670&type=smp

Who Are the Dominant Companies Influencing Electric Vehicle (EV) Charging Panelboard Market Trends?
Major companies operating in the electric vehicle (EV) charging panelboard market are Tesla Inc., Siemens AG, General Electric (GE), Schneider Electric, ABB Group, Eaton Corporation, Delta Electronics, Phoenix Contact, Leviton Manufacturing Company, Inc., Schaltbau Holding AG, Phihong Technology, Mennekes Elektrotechnik GmbH & Co. KG, EFACEC Power Solutions SGPS S.A, ChargePoint Inc., The Mobility House, Wallbox, Allego, EVBox, POD Point, Webasto Charging Systems, I-Gard Corporation, CIRCONTROL, Pulse Power, EVTeQ

How Is the Electric Vehicle (EV) Charging Panelboard Market Evolving?
Leading entities in the electric vehicles (EV) charging panel board market are striving towards creating innovative devices such as rapid charging systems, to boost the performance and scalability of EV charging infrastructure. These rapid charging systems are specially designed to substantially decrease the time it takes to recharge an EV's battery, in comparison to traditional charging methods. By making EVs more user-friendly and practical, these systems are making them appealing to a wider set of customers. To illustrate, in June 2022, Kempower, a Finland-based firm specializing in the design and production of DC rapid charging solutions for electric vehicles and equipment, introduced its S-Series rapid charging system. This system is characterized by its liquid-cooled charging cables and can deliver up to 480 kW of charging power. The S-Series is an ideal fit for electric buses, truck depots, and public rapid charging stations. Its unique design allows for easy scalability of charging capacity as fleets grow. Offering high power density - up to 100 kW per charging post - and state-of-the-art cable management features, it is recognized as a top contender in the DC rapid charging industry.

What Are the Different Segmentations in the Electric Vehicle (EV) Charging Panelboard Market?
The electric vehicle (EV) charging panelboard market covered in this report is segmented -

1) By Charging Level: Level 1, Level 2, Level 3
2) By Board Capacity: Single Vehicle Charging Panel Boards, Multiple Vehicle Charging Panel Boards
3) By Application: Private, Semi-Public, Public
4) By End Use: Individual, Fleet Operators, Commercial Entities, Other End-use

Subsegments:
1) By Level 1: Residential Wall Outlets (120V), Basic Home Charging Stations, Single-Phase Chargers, Low-Power Panelboards For Slow Charging
2) By Level 2: Residential And Commercial Charging Stations (240V), Faster Home Charging Solutions, Commercial-Grade Charging Panelboards, Three-Phase And Dual-Phase Panelboards For Medium-Speed Charging
3) By Level 3: DC Fast Chargers (480V Or Higher), High-Power Charging Panelboards For Fast Charging Infrastructure, Public Charging Station Panelboards, Supercharger Systems (High-Speed Commercial Charging)

Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/electric-vehicle-ev-charging-panelboard-global-market-report

Which Region Is at the Forefront of the Electric Vehicle (EV) Charging Panelboard Market?
Asia-Pacific was the largest region in the electric vehicle (EV) charging panelboard market in 2023. The regions covered in the electric vehicle (EV) charging panelboard market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Electric Vehicle (EV) Charging Panelboard Global Market Report?

- Market Size Analysis: Analyze the Electric Vehicle (EV) Charging Panelboard Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Electric Vehicle (EV) Charging Panelboard Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Electric Vehicle (EV) Charging Panelboard Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Electric Vehicle (EV) Charging Panelboard Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=16670

"

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
•LinkedIn: https://in.linkedin.com/company/the-business-research-company
•Twitter: https://twitter.com/tbrc_info
•YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Shaping the Electric Vehicle (EV) Charging Panelboard Market in 2025: Technological Advancements In EV Charging Panelboards To Enhance Charging Efficiency here

News-ID: 3861436 • Views:

More Releases from The Business Research Company

Emerging Trends to Reshape the Xenotransplantation Market: Xvivo's Innovative Preservation Technology Paves The Way For Xenotransplantation Advancements as a Key Influencer
Emerging Trends to Reshape the Xenotransplantation Market: Xvivo's Innovative Pr …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. How Large Will the Xenotransplantation Market Size By 2025? The market size of xenotransplantation has seen robust expansion in the past few years. The market value is projected to increase from $14.68 billion in 2024 to $15.82 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 7.8%.
Wood Based Panel Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth
Wood Based Panel Market Landscape to 2034: Key Forces Shaping the Next Decade of …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. What Is the Expected CAGR for the Wood Based Panel Market Through 2025? In recent times, the market size of wood-based panels has seen considerable growth. The market which was valued at $176.85 billion in 2024 is projected to rise to $190.52 billion in 2025, showing a compound annual
Soaring Demand Set to Propel Wireless Speakers Market to $111.25 Billion by 2029
Soaring Demand Set to Propel Wireless Speakers Market to $111.25 Billion by 2029
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. Wireless Speakers Market Size Growth Forecast: What to Expect by 2025? In recent times, the wireless speakers market has experienced substantial expansion. The market size is expected to increase from $37.14 billion in 2024 to $45.71 billion in 2025, growing at a compound annual growth rate (CAGR) of 23.1%.
Wind Turbine Casting Market Landscape 2025: Forecast Data and Growth Strategy Insights
Wind Turbine Casting Market Landscape 2025: Forecast Data and Growth Strategy In …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. What Will the Wind Turbine Casting Industry Market Size Be by 2025? The market size for wind turbine castings has seen solid growth in the past few years. Its value is projected to increase from $2.31 billion in 2024 to $2.46 billion in 2025, with a compound annual growth

All 5 Releases


More Releases for Charging

What is dynamic mode of EV Charging? Dynamic EV Charging vs Traditional EV Charg …
A dynamic charging system is a technology that allows electric vehicles to charge while in motion. This system typically involves embedding charging infrastructure into the road surface, which enables the vehicle to charge its battery as it travels along the road. This can potentially extend the range and operational capabilities of electric vehicles, as they can receive continuous power while on the move. Dynamic charging systems have the potential to
Electric Vehicle Charging Station Market : Mode of Charging, Charging level, End …
According to a new report published by Allied Market Research, titled, "Electric Vehicle Charging Station Market," The electric vehicle charging station market was valued at $16.6 billion in 2021, and is estimated to reach $226.3 billion by 2031, growing at a CAGR of 30.5% from 2022 to 2031. Asia-Pacific is expected to dominate the global market during the forecast period. An increase in electric vehicle population and a rise in vehicle
Electric Bus Charging Infrastructure Market Forecast to 2028 - COVID-19 Impact a …
In every region, electrification appears as a clear alternative to increase urban growth and to care for the city environment simultaneously, using electric buses. With the right charging technology, the advantages of electric buses can be used, such as the use of renewable energy, less energy consumption, less noise, lower particle emissions, reliable service, and others. The severe emission standards across the globe are expected to drive more electric bus
Global Automotive Electric Recharging Point Market Size, by Type (Home Charging …
Global Automotive Electric Recharging Point Market research report provides complete intelligence about the global Automotive Electric Recharging Point industry, including market growth factors and prominent competitors in the market. The report also enfolds insightful analysis of competition intensity, segments, environment, trade regulations, and product innovations to render deep comprehension of the complete Automotive Electric Recharging Point market structure. Recent developments, technology diffusion, and important events of the market are also
EV Charging Infrastructure Market: Robotic and Smart Charging Technology
According to the new research report published by The Insight Partners, titled “EV Charging Infrastructure - Global Analysis and Forecast to 2027”, The Global EV Charging Infrastructure Market is expected to reach US$ 95.98 Billion in 2027, registering a CAGR of 36.8% during the forecast period 2019-2027. Some of the key players operating in the EV Charging infrastructure market are ABB Ltd., ABM Industries Incorporated, Bosch Automotive Service Solution, ChargePoint, Inc.,
Electric Vehicle Charging Equipment Market Report 2018: Segmentation by Type (AC …
Global Electric Vehicle Charging Equipment market research report provides company profile for Fortum, Fuji Electric, Leviton, Shell, Qualcomm, Bosch, Schneider Electric, Siemens, ABB, AeroVironment, Chargemaster, ClipperCreek, DBT-CEV, Engie and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018