Electric Vehicle (EV) Charging Panelboard Industry Outlook 2025-2029: Market Set to Cross $11.33 Billion Milestone

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 Electric Vehicle (EV) Charging Panelboard Market Size By 2025?
The size of the market for electric vehicle (EV) charging panelboards has seen substantial growth in the past years. The market is projected to go from $7.25 billion in 2024 to $7.95 billion in 2025, with a compound annual growth rate (CAGR) of 9.6%. The expansion in the historic period is owed to the heightened adoption rates of electric vehicles, increased awareness regarding environmental problems, improved accessibility, and a surging demand for charging solutions.

How Big Is the Electric Vehicle (EV) Charging Panelboard Market Size Expected to Grow by 2029?
Expectations are high for substantial growth in the electric vehicle (EV) charging panelboard market in the coming years. The market is anticipated to rise to a worth of $11.33 billion by 2029, with a compound annual growth rate (CAGR) of 9.3%. This prospective increase in the forecast period is largely due to factors such as improvements in fast charging rates, greater investment in charging infrastructure, and a rising number of charging stations. The forecast period is also likely to see prominent trends such as the incorporation of smart charging features, technological progress, and the introduction of new products and services.

View the full report here:
https://www.thebusinessresearchcompany.com/report/electric-vehicle-ev-charging-panelboard-global-market-report

Which Key Market Drivers Powering Electric Vehicle (EV) Charging Panelboard Market Expansion and Growth?
The growth of the electric vehicle charging panelboard market is projected to be driven by the escalating uptake of electric vehicles. These are vehicles powered by one or multiple electric motors instead of an internal combustion engine which uses diesel or gasoline. The rise in the use of electric vehicles can be attributed to environmental concerns, economic advantages, and beneficial policies. Electric vehicle charging panelboards, which are crucial for arranging and controlling electrical power distribution to multiple electric vehicle chargers, bolster safety, efficiency, and scalability. This makes them an essential part of the expanding infrastructure required to facilitate the common use of electric vehicles. For example, the International Energy Agency, a France-based intergovernmental organization, reported in April 2024 that the sales of electric vehicles had increased by 3.5 million in 2023 compared to 2022, marking a 35% annual rise. Hence, the growing adoption of electric vehicles is fuelling the market for electric (EV) vehicle charging panelboards.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=16670&type=smp

Which Fast-Growing Trends Are Poised to Disrupt the Electric Vehicle (EV) Charging Panelboard Market?
Leading businesses in the electric vehicles (EV) charging panel board market are harnessing innovation to produce devices like quick-charge systems, in an attempt to boost the effectiveness and expandability of the EV charging framework. Quick charge systems for EVs are engineered to dramatically decrease the duration required to juice up an EV battery in comparison to conventional charging methods. The convenience and practicality of EVs are greatly increased by these systems, making them appealing to a wider variety of consumers. To illustrate, Kempower, a Finnish firm specializing in the creation and production of DC quick charging solutions for electric vehicles and machinery, introduced their S-Series quick charging system in June 2022. The S-Series, equipped with liquid-cooled charging cords, is capable of delivering up to 480 kW of charging energy, making it ideal for electric buses, truck depots, and public quick-charging stations. Its modular structure permits easy modification of charging capacity as fleets grow. This system, with its high power density capable of delivering up to 100 kW per charging post, and state-of-the-art cable management features, is a premier choice in the DC quick-charge market.

What Are the Emerging Segments 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)

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=16670&type=smp

Who Are the Global Leaders in the Electric Vehicle (EV) Charging Panelboard Market?
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

Which are the Top Profitable Regional Markets for the Electric Vehicle (EV) Charging Panelboard Industry?
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.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=16670

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

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.