Press release
Public Charging Service Market Anticipated To Witness Robust Growth, Surpassing 20.13 Billion By 2029
Public Charging Service Market
What Is the Current Public Charging Service Market Size and Its Estimated Growth Rate?
Over the past few years, we have seen tremendous growth in the size of the public charging service market. The projections show a lucrative increase from $4.50 billion in 2024 to $6.08 billion in 2025, indicating a compound annual growth rate (CAGR) of 35.2%. This remarkable growth during the historical period can be traced back to factors like the expansion of public charging infrastructure, the proliferation of DC charging station installations, the development of more public charging stations, the escalating adoption rate of EV vehicles, and the growing concern over the detrimental effects of greenhouse gas emissions on environmental health.An exceptional surge in growth is anticipated for the public charging service market in the coming years, projecting it to hit a valuation of $20.13 billion by 2029, growing at a compound annual growth rate (CAGR) of 34.9%. The factors accountable for this predicted growth during the forecast period range from enhanced public awareness concerning environmental degradation, the escalating urgency to curb global warming effects, the expansion of charging networks, increased connectivity with renewable energy sources, to the growth in charging solutions at workplaces. Significant trends projected during the forecast period encompass technological evolution, inventive developments in charging technology, technical progressions in electric mobility, advanced charging stations furnished with multiple ports, and a transition towards intelligent charging.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=21550
How Are Emerging Segments Shaping the Public Charging Service Market Landscape?
The public charging service market covered in this report is segmented -
1) By Type: Direct Current Charging, Alternating Current Charging
2) By Application: Battery Electric Vehicle, Plug-in Hybrid Electric Vehicle
3) By End User: Residential, Commercial
Subsegments:
1) By Direct Current (DC) Charging: DC Fast Charging (Level 3), Ultra-Fast DC Charging, High-Power Charging (HPC)
2) By Alternating Current (AC) Charging: Level 1 AC Charging, Level 2 AC Charging, Smart AC Charging Stations
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=21550&type=smp
Which Growth Factors Are Influencing Public Charging Service Market Expansion?
The surge in electric vehicle utilization is predicted to significantly spur the expansion of the public charging service market. Electric vehicles (EVs) are those powered by electric motors that rely on re-energizable batteries or other power storage systems. The rise in electric vehicle uptake can be linked to increased environmental concern, government incentives, advances in technology, reduced operating expenditures, enhanced charging infrastructure, escalating fuel costs, and investments by car manufacturers. Public charging services offer comprehensive access to charging points for electric cars, allowing drivers to conveniently recharge their vehicles while on the move. For instance, the France-based autonomous International Energy Agency (IEA) reported that in 2024, electric vehicle sales saw a surge of 3.5 million units from the previous year in 2023, indicating a 35% annual growth. As a result, the escalating use of electric vehicles is fuelling the expansion of the public charging service market.
Who Are the Dominant Players Across Different Public Charging Service Market Segments?
Major companies operating in the public charging service market are Shell plc, Hyundai Motor Company, Tesla Inc., Blink Charging Co., Schneider Electric SE, NaaS Technology Inc., Guangzhou Xiaopeng Automotive Technology, Leviton Manufacturing Company Inc., Robert Bosch GmbH, Alfen NV, Enel X Way S.r.l., Kempower Oyj, Mennekes Elektrotechnik GmbH & Co. KG, Wallbox N.V., Pod Point Limited, BP Pulse, IONITY GmbH, Circontrol S.A., SparkCharge Inc., E-mobility, Hopcharge Private Limited
What Are the Latest Developing Trends in the Public Charging Service Market?
Leading firms in the public charging service market are channeling their resources towards the creation of tech-driven solutions, such as the integration of digital platforms, to improve user-friendliness, simplify transaction methods, maximize charging station availability, and ensure smooth navigation for proprietors of electric vehicles, thus promoting the broad acceptance of electric motility. The concept of digital platform integration encompasses the consolidation of various digital services, systems, and technological tools into a single platform to improve operational efficiency and elevate user experience. For example, in October 2023, AB Volvo, a manufacturing firm based in Sweden, rolled out a new public charging service for electric trucks. This innovative service gives haulers in Sweden the ability to locate and utilize public fast charging facilities for heavy-duty electric trucks. Linked with Volvo Connect and a mobile application, the service offers amenities such as transaction processing and information on station availability. Future enhancements will feature options for booking charging durations and extending the service to additional European and worldwide markets.
Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/public-charging-service-global-market-report
Which Geographic Regions Are Expected to Dominate the Public Charging Service Market in the Coming Years?
North America was the largest region in the public charging service market in 2024. The regions covered in the public charging service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Public Charging Service Market?
2. What is the CAGR expected in the Public Charging Service Market?
3. What Are the Key Innovations Transforming the Public Charging Service Industry?
4. Which Region Is Leading the Public Charging Service Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
Connect with 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.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers 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 Public Charging Service Market Anticipated To Witness Robust Growth, Surpassing 20.13 Billion By 2029 here
News-ID: 4071162 • Views: …
More Releases from The Business Research Company
Top Market Shifts Transforming the Rainwater Harvesting Systems Market Landscape …
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 Rainwater Harvesting Systems Market Through 2025?
Over the past few years, there has been substantial growth in the market size of rainwater harvesting systems. The industry, which was valued at $1.94 billion in 2024, is predicted to rise to $2.07 billion by…
Live Concerts Fueling Surge In Percussion Instruments Market Growth: Transformat …
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 Percussion Instruments Industry Market Size Be by 2025?
Over the past few years, the market size of percussion instruments has examined a steady rise. With an increase from $1.44 billion in 2024 to $1.47 billion in 2025, it expects a Compound Annual Growth Rate (CAGR) of…
Emerging Trends to Drive Hydraulic Equipment Market Growth at 3.5% CAGR Through …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Hydraulic Equipment Market Size Growth Forecast: What to Expect by 2025?
The size of the hydraulic equipment market has consistently increased in the past few years. Projections show that it will rise from $45.21 billion in 2024 to $46.86 billion in 2025, recording a compound annual growth rate (CAGR)…
Emerging Trends to Reshape the Fishing Drones Market: Innovative Advancement In …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Fishing Drones Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of fishing drones has seen a swift increase in the past few years. An expansion from $0.89 billion in 2024 to $0.99 billion in 2025, representing a compound annual growth rate (CAGR)…
More Releases for Charging
Is it better to choose AC charging piles or DC charging piles for home charging …
Choosing between AC and DC charging piles for home charging piles requires comprehensive consideration of charging needs, installation conditions, cost budgets and usage scenarios and other factors. Here's a breakdown:
Image: https://www.beihaipower.com/uploads/4c61b8bc1.jpg
1. Charging speed
* AC charging piles: The power is usually between 3.5kW and 22kW, and the charging speed is relatively slow, suitable for long-term parking and charging, such as night charging.
* DC charging piles: The power is usually…
800V system challenge: charging pile for charging system
800V Charging pile "Charging Basics"
This article mainly talks about some preliminary requirements for 800V charging piles [https://www.beihaipower.com/products/], first let's take a look at the principle of charging: When the charging tip is connected to the vehicle end, the charging pile will provide (1) low-voltage auxiliary DC power to the vehicle end to activate the built-in BMS (battery management system) of the electric vehicle After activation, (2) connect the car end…
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 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…
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…
