Press release
Emerging Trends to Drive Charging Network Roaming Hub Market Growth at 22.3% CAGR Through 2029
Charging Network Roaming Hub
Charging Network Roaming Hub Market Size Growth Forecast: What to Expect by 2025?
In recent years, the market size for the charging network roaming hub has seen considerable growth. A rise from $0.67 billion in 2024 to $0.82 billion in 2025, with a compound annual growth rate (CAGR) of 22.6%, is projected. The historic period's growth is primarily due to increased government incentives for electronic mobility, a heightened demand for interoperable charging solutions, a surge in consumer desire for easily accessible charging, an intensified commitment to carbon emission reduction, and an increase in urbanization and smart city projects.
How Will the Charging Network Roaming Hub Market Size Evolve and Grow by 2029?
The market size of the charging network roaming hub is set to exponentially increase in the coming years, reaching a valuation of $1.84 billion in 2029 with a CAGR of 22.3%. This anticipated growth during the forecast period is due to several factors, including higher cross-network interoperability, an expanded awareness about sustainable mobility among consumers, a surge in investments from private charging network operators, advancements in battery swapping and charging, and increased consumer preference towards convenience and flexibility. Key trends during this period are predicted to comprise the development of contactless charging technology, the incorporation of smart grid connectivity, advances in demand response management, the progression of network security protocols, and refined predictive maintenance systems.
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What Drivers Are Propelling the Growth of Charging Network Roaming Hub Market Forward?
The increasing uptake of electric vehicles is predicted to fuel the charging network roaming hub market's expansion in the future. Electric vehicles are cars that mainly or wholly rely on electric motors, which are powered by energy stored in rechargeable batteries, as opposed to traditional internal combustion engines. This surge in electric vehicle acceptance is propelled by rising environmental consciousness, as both consumers and governments are placing greater emphasis on eco-friendly transport methods to reduce air pollution and carbon emissions. Charging network roaming hubs aid this transition by providing EV drivers with the convenience of accessing multiple charging stations using a single account, making billing and authentication easier and promoting wider use of EVs. For example, in April 2024, the France-based autonomous intergovernmental organization, the International Energy Agency revealed that global sales of electric cars nearly reached 14 million in 2023, constituting 18% of all car sales, a significant increase from 14% in 2022. Hence, the escalating utilization of electric vehicles is leading to the expansion of the charging network roaming hub market.
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Which Emerging Trends Are Transforming the Charging Network Roaming Hub Market in 2025?
Prominent organizations in the charging network roaming hub market are developing strategic alliances, incorporating initiatives like seamless roaming integration, to bolster operability among charging networks, enhance the customer experience, and simplify cross-network EV charging. This seamless roaming integration provides EV drivers the convenience of accessing multiple charging networks across different regions through a single account or application, ensuring a stress-free charging process. For instance, in October 2024, ChargeLab, an EV charging software firm based in Canada, collaborated with ChargeHub, a Canadian company specializing in EV charging software and a roaming platform, to facilitate seamless EV roaming. This alliance makes it easier for drivers to navigate multiple networks, streamlines charging across regions, and promotes quicker EV adoption by providing higher convenience and a more interconnected charging ecosystem.
What Are the Key Segments in the Charging Network Roaming Hub Market?
The charging network roaming hub market covered in this report is segmented as
1) By Component: Platform, Services
2) By Connectivity: Open Protocol, Proprietary Protocol
3) By Application: Public Charging, Private Charging, Fleet Charging
4) By End-User: Electric Vehicle(EV) Operators, Charging Point Operators, E-Mobility Service Providers, Utilities
Subsegments:
1) By Platform: Roaming Management Systems, Clearing And Settlement Systems, Authentication And Authorization Platforms, Payment And Billing Platforms, Data Integration And Analytics Platforms, API And Protocol Management
2) By Services: Consulting And Advisory Services, Integration And Deployment Services, Managed Services, Technical Support And Maintenance, Training And Education Services, Roaming Hub Operations And Monitoring Services
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Who Are the Key Players Shaping the Charging Network Roaming Hub Market's Competitive Landscape?
Major companies operating in the charging network roaming hub market are ChargePoint Holdings Inc., Enel X Way S.r.l., Virta Ltd., Evgo Services LLC, Allego N.V., EVBox B.V., Blink Charging Co., IONITY Management GmbH, Shell Recharge Solutions, Plugsurfing Gmbh, Hubject Gmbh, Electrify America LLC., ChargeLab Inc., Fortum Charge & Drive India Private Limited, GIREVE SAS, CHARGEMAP SAS, Driivz Ltd., Smartlab Innovationsgesellschaft mbH, Chargefox Pty Ltd, CHARGENET NZ LIMITED
What Geographic Markets Are Powering Growth in the Charging Network Roaming Hub Market?
Europe was the largest region in the charging network roaming hub market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in charging network roaming hub report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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