Global Electric Vehicle Charging Facilities Market Size to Reach US$20.45 Billion by 2031, Driven by Leaders ABB and ChargePoint

QYResearch today releases new insights into the Electric Vehicle Charging Facilities market, drawing on its latest study "Global Electric Vehicle Charging Facilities Sales Market Report, Competitive Analysis and Regional Opportunities 2025-2031." The report values the market at US$ 7,466 million in 2024, with projections of US$ 20,450 million by 2031 at a 15.7% CAGR from 2025-2031. Asia-Pacific dominates with 67% share, Europe follows with 22%, and North America holds 12%.

By 2025, regulatory frameworks are reshaping industry dynamics. In Europe, the AFIR regulation requires minimum 400 kW per recharging pool every 60 km on core highways. In the United States, the NEVI program mandates four 150 kW DC ports per site with uptime levels of 97% or higher. These requirements are pushing manufacturers to increase charger reliability, improve power density, and integrate future-proof standards.

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2025 Company Highlights and Achievements
• Connector Convergence: SAE has formalized the Tesla-originated NACS as SAE J3400, and in July 2025 released J3400/2 to support faster DC charging. North American charger makers are rapidly introducing dual-standard hardware supporting both CCS and J3400.
• Wallbox: Introduced the Supernova 220, offering 220 kW DC charging within a footprint of just 3.48 square feet, designed for urban spaces and highway forecourts requiring compact yet powerful fast-charging.
• Siemens: Completed successful tests of 1 MW Megawatt Charging System for heavy-duty trucks in Europe. Early corridor deployments in 2025 demonstrate the ability to recharge large vehicles in under 30 minutes.
• ChargePoint: Expanded its Express Plus platform with up to 500 kW per port. Its Omni Port solution allows switching between CCS and J3400 connectors without adapters, enhancing usability for drivers of diverse EV models.
• Global Public Charging Growth: Over 1.3 million new public chargers were added in 2024, lifting the global installed base above 5 million units by early 2025. China alone accounts for 65% of the world's public charging infrastructure, maintaining leadership in scale and deployment speed.

Latest Market Data
• Market Size 2024: US$ 7,466 million
• Forecast 2031: US$ 20,450 million
• CAGR 2025-2031: 15.7%
• Regional Shares: Asia-Pacific 67%, Europe 22%, North America 12%
• By Type: DC Charging Pile 53%, AC Charging Pile 47%
• By Application: Public Charging 66%, Residential Charging 34%
• Top Five Vendors' Combined Share: Over 40%

Classification by Type
• AC Charging Pile
• DC Charging Pile

Applications
• Residential Charging
• Public Charging

Leading Companies
ABB
BYD
TELD
Star Charge
Chargepoint
EVBox
Wallbox
Webasto
Leviton
Pod Point
CirControl
EVSIS
Xuji Group
Siemens
Daeyoung Chaevi
IES Synergy
SK Signet
Efacec
Auto Electric Power Plant
ClipperCreek (Enphase)
DBT-CEV

Representative Products
ABB - A400 Ultra-Fast Charger
• Power output up to 400 kW
• Integrated cabinet for simplified installation
• Designed for highway corridors and fleet depots
• Reported 99% charging success rate through modular redundancy
ChargePoint - Express Plus
• Modular architecture supporting up to 500 kW per port
• Voltage range 100-1000 V, covering both 400 V and 800 V EVs
• Flexible load sharing with multiple vehicles simultaneously
• Targeted at retail hubs and large fleet depots
Wallbox - Supernova 220
• Delivers 220 kW DC charging
• Compact footprint of 3.48 ft2, suited for urban environments
• Designed for high vehicle turnover sites
• Software-upgradable for extended lifecycle
Siemens - SICHARGE D
• Scalable up to 400 kW / 600 A continuous
• Dual CCS outlets with dynamic power allocation
• Efficiency above 95%, peak over 96%
• Installed across Europe in premium retail and highway hubs
SK Signet - 400 kW Ultra-Fast Charger
• Output up to 400 kW, dual-dispenser models
• Configured for CCS1 and J3400 compatibility
• Built to meet U.S. NEVI program requirements
• Manufactured at Texas facility to support North American rollouts

Downstream Customers
Walmart
Starbucks
Pilot Flying J
7-Eleven
IKEA
Target
Tesco
Lidl
Aldi
Sainsbury's
REWE
Shell
BP
Mercedes-Benz
BMW

Market Trend
Policy-Driven Expansion
The European AFIR and U.S. NEVI programs are accelerating infrastructure growth in 2025. By the end of 2025, Europe must meet corridor coverage thresholds, while U.S. funding allocations prioritize uptime and high-power standards. This shift is pushing suppliers to enhance service models, modular upgrades, and long-term reliability.

Connector Standardization
The formalization of SAE J3400 has eliminated uncertainty over competing standards in North America. Charger makers are adopting dual-standard ports, ensuring compatibility with both CCS and J3400 vehicles. This trend is expected to improve utilization rates and reduce downtime at public sites.

Megawatt Charging for Heavy-Duty Transport
With Siemens' milestone of a 1 MW charge, megawatt systems are moving from test labs to early commercial deployment. Ports and freight corridors in Europe are now piloting 1-1.5 MW stations, making heavy-duty fleet electrification viable by cutting charge times drastically.

Shift Toward Ultra-Fast Public Charging
The proportion of public chargers above 150 kW is expanding. Vendors such as Wallbox, ABB, and SK Signet are introducing 200-400 kW units optimized for urban and highway use. The result is faster turnaround times, improved customer satisfaction, and stronger site economics.

Reliability as Differentiator
With minimum uptime requirements now enforced, operators are investing in predictive maintenance, remote monitoring, and hot-swappable components. Leading suppliers are competing not only on power delivery but also on serviceability and lifetime O&M performance.

Retail and Fleet Integration
Retail chains and fuel stations are increasingly hosting fast-charging sites. Partnerships between charger manufacturers and large retailers or fleet operators are reshaping site deployment economics. Fleet-focused solutions such as pantograph systems for buses and logistics depots are gaining adoption due to higher utilization rates.

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Software and Vehicle-to-Grid Readiness
The rollout of ISO 15118-20 supports Plug-and-Charge and bidirectional energy flows. Automakers and utilities are testing V2G pilots in both residential and fleet contexts, with early commercialization expected by 2026. Software-driven energy management will become a major competitive frontier in 2025 and beyond.

China's Scale and Cost Advantage
China continues to dominate installations, representing 65% of the global stock. High density, lower capital costs per unit, and rapid permitting allow China to outpace other regions. This global leadership is shaping hardware design, supply chain economics, and deployment benchmarks worldwide.

Chapter Outline:

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: key insights, key emerging trends, etc.
Chapter 3: Manufacturers competitive analysis, detailed analysis of the product manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 5 & 6: Sales, revenue of the product in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: The main points and conclusions of the report.

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