Press release
Charging as a Service Market Report 2035: Industry Size, Trends, and Forecast Analysis
Charging as a Service Market - Global Forecast to 2035
The global charging as a service market [https://www.marketsandmarkets.com/Market-Reports/charging-as-a-service-market-73556797.html?utm_source=abnewswire.com&utm_medium=referral&utm_campaign=charging-as-a-service-market] size is valued at USD 165.9 million in 2025 and is expected to reach USD 2,135.0 million by 2028, at a CAGR of 29.1%, during the forecast period 2025-2035. Charging as a Service is a business model that allows fleet operators to use EV charging infrastructure without owning or managing charging stations. A third party owns and operates the charging infrastructure, while fleets pay per usage through pay-as-you-go or subscription/contract models.
A seamless charging experience encourages repeat visits, fostering customer loyalty. Companies can monetize charging services through direct fees or indirect sales growth while customers wait. For instance, airports and aviation hubs can integrate charging solutions to support sustainable travel and cater to electric fleet operators.
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Auto-dealerships and OEM operated charging spaces to hold the significant share in semi-public charging setup segment.
OEM partnerships with Charge Point Operators (CPOs) and EV charging strategies for auto dealerships are driving the expansion of EV infrastructure. From 2021 to 2023, major OEMs formed key collaborations to enhance charging access. In July 2023, BMW, Mercedes-Benz, Honda, Hyundai, Kia, Stellantis, and GM announced a joint venture to build a high-power charging network in North America. Around the same time, Hyundai, Volvo, Polestar, GM, and Ford secured access to Tesla's NACS Supercharger network, enabling their EVs to use Tesla's charging infrastructure. Earlier in the year, Mercedes-Benz launched a charging network in collaboration with ChargePoint.
Global Charging as a Service Market Ecosystem Analysis
The charging as a service market ecosystem is a complex network of stakeholders working together to develop, operate, and expand EV charging infrastructure. This ecosystem comprises charge point operators (CPOs), electric mobility service providers (EMSPs), utility companies, OEMs, and technology providers. Each group plays a critical role in ensuring the availability, efficiency, and scalability of charging networks to support growing EV adoption. Prominent CPOs are ChargePoint, Inc. (US), Tesla (US), TGOOD Global Ltd. (China), ENGIE (France), and State Grid Corporation of China (China).
Asia Pacific to be largest market for Charging as a Service during forecast period
Asia Pacific is expected to be the largest charging as a service market, driven by rapid urbanization, government incentives, and increased EV adoption. In November 2024, Exicom launched India's fastest DC charger, the Harmony Gen 1.5, delivering up to 400 kW to support the country's expanding EV infrastructure. Similarly, in February 2025, Kazam partnered with QuickCharge in Malaysia to deploy over 100 chargers across residential, hotel, and office spaces, with plans to launch 2,000 more. These developments highlight the rapid expansion of EV charging infrastructure in the region, with Asia Pacific countries leveraging diverse growth factors to meet the rising demand for fast and reliable Charging as a Service. In China, India, and South Korea, businesses deploy Charging as a Service to address the challenges of limited charging infrastructure in densely populated cities.
Key Players
The major players in the Charging as a Service market include ChargePoint, Inc. (US), Tesla (US), ENGIE (France), TGOOD Global Ltd. (China), and State Grid Corporation of China (China).
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