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Key Trends Reshaping the Onsite Solar Electric Vehicle (EV) Charging Market: Next-Generation Chargers Optimize Energy And Cost Savings Industry Transformation
Onsite Solar Electric Vehicle EV Charging Market
Onsite Solar Electric Vehicle (EV) Charging Market Size Growth Forecast: What to Expect by 2025?
The market size for onsite solar electric vehicle (EV) charging has seen a significant increase in recent years. The projected growth is from $0.97 billion in 2024 to around $1.21 billion in 2025, with a compound annual growth rate (CAGR) of 23.7%. Factors contributing to this growth during the historical period include the growing presence of energy storage solutions, enhanced policy support for clean energy, an increased need for dependable charging infrastructure, the expanding availability of energy storage solutions, and a rising demand for energy self-sufficiency.
How Will the Onsite Solar Electric Vehicle (EV) Charging Market Size Evolve and Grow by 2029?
Prospects for the onsite solar electric vehicle (EV) charging market look bright with expectations of substantial growth in the coming years. The market is projected to expand to $2.79 billion by 2029, reflecting a compound annual growth rate (CAGR) of 23.4%. The anticipated increase over the forecast period is primarily due to rising demand for remote and off-the-grid charging solutions, an uptick in commercial and residential solar installations, an emphasis on corporate sustainability measures, growing customer inclination towards green mobility, and heightened consciousness about reducing carbon footprints. Some of the significant trends during the forecast period are enhancements in battery storage efficiency, advancements in solar panel integration, innovation in bi-directional charging systems, progress in off-grid solar solutions, and cutting-edge charging infrastructure development for fleet electrification.
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What Drivers Are Propelling the Growth of Onsite Solar Electric Vehicle (EV) Charging Market Forward?
The continuous rise in the utilization of renewable energy resources is anticipated to push forward the expansion of the onsite solar electric vehicle (EV) charging marketplace. These renewable sources like sunlight, wind, water, biomass, and geothermal heat are naturally restorative and are used to produce sustainable energy. The escalating commitment towards renewable energy is attributable to intensifying environmental apprehensions as individuals and governments search for more eco-friendly energy substitutes to decrease greenhouse gas emissions, combat global warming, and curtail reliance on fossil fuels. This enhanced commitment to renewable power sources contributes to onsite solar EV charging by providing eco-friendly, sustainable energy enabling EV charging infrastructure to function effectively while creating minimal harm to the environment. For example, according to Eurostat, a Luxembourg-based government agency, in 2023, renewable energy accounted for 24.5% of the European Union's (EU) total energy consumption-a significant increase from 23.0% in 2022, as reported in December 2024. Consequently, the continuous rise in the utilization of renewable energy resources is a prime driver behind the growth of the onsite solar electric vehicle (EV) charging marketplace.
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Which Emerging Trends Are Transforming the Onsite Solar Electric Vehicle (EV) Charging Market in 2025?
Key players in the onsite solar electric vehicle (EV) charging market are turning to advanced technologies such as IoT-enabled remote monitoring and control. This strategy aims to improve energy efficiency, lower costs and increase charging proficiency. IoT-empowered remote monitoring and control is a system that links devices like EV chargers to the internet, facilitating remote access, regulation, and administration. Such a setup encourages effective energy consumption, scheduling of charging, overload prevention, and cost reduction. To illustrate, SolarEdge Technologies Inc., an Israel-based manufacturer, in May 2025, unveiled its One EV Charger. This 22 kW electric vehicle charger, designed to work with onsite solar energy systems, accommodates both single and three-phase connections, gives priority to solar power over grid charging and, uses SolarEdge applications to allow users to oversee, and adjust charging schedules remotely. Imbedded with IoT features, the device improves energy usage, cuts operating costs, and boosts charging efficiency for commercial, industrial and residential use. Furthermore, it works for both interior and exterior installations and comes in standard and Pro models, where the Pro version includes an eSIM card, OLED screen, and additional smart features. Users can also set the charger for smart scheduling to take advantage of lower electricity tariffs, execute peak shaving by import restrictions, and safeguard against electrical spikes.
What Are the Key Segments in the Onsite Solar Electric Vehicle (EV) Charging Market?
The onsite solar electric vehicle (EV) charging market covered in this report is segmented as
1) By Component: Solar Panels, Electric Vehicle Chargers, Energy Storage Systems, Power Management Systems, Other Components
2) By Installation Type: New Installations, Retrofit Installations
3) By Application: Commercial, Residential, Industrial, Public Charging Stations, Other Applications
Subsegments:
1) By Solar Panels: Monocrystalline, Polycrystalline, Thin-Film, Bifacial
2) By Electric Vehicle Chargers: Level 1 Chargers (AC), Level 2 Chargers (AC), DC Fast Chargers (DCFC), Wireless Or Inductive Chargers
3) By Energy Storage Systems: Lithium-Ion Batteries, Lead-Acid Batteries, Flow Batteries, Solid-State Batteries
4) By Power Management Systems: Energy Management Software, Smart Inverters, Load Controllers, Grid-Tied Controllers
5) By Other Components: Mounting Structures And Racks, Cables And Connectors, Monitoring And Sensors, Cooling Systems
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Who Are the Key Players Shaping the Onsite Solar Electric Vehicle (EV) Charging Market's Competitive Landscape?
Major companies operating in the onsite solar electric vehicle (ev) charging market are TotalEnergies SE, Tesla Inc., ENGIE SA, Siemens AG, Schneider Electric SE, Asea Brown Boveri Ltd, Delta Electronics Inc., Solaredge Technologies Inc., Enphase Energy Inc., Tata Power Solar Systems Ltd., ChargePoint Holdings Inc., Enel X, Efacec Power Solutions S.G.P.S. S.A., Wallbox N.V., EVBox B.V., Blink Charging Co, Shenzhen Growatt New Energy Technology Co. Ltd., Beam Global, Heliox Group B.V., Paired Power Inc.
What Geographic Markets Are Powering Growth in the Onsite Solar Electric Vehicle (EV) Charging Market?
North America was the largest region in the onsite solar electric vehicle (EV) charging market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in onsite solar electric vehicle (EV) charging report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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