Electric Vehicle Charging Station Market Size, Trends and Insights By Level of Charging( Level 1, Level 2, Level 3), By Charging Station Type (AC Charging, DC Charging, Wireless Charging), By Power Output (<11KW, 11KW-50KW, >50KW), By Supplier Type (OE Charging Station, Private Charging Station), By Vehicle Type (Passenger Cars, Battery Electric Vehicle (BEV), Plug-in Hybrid Vehicle(PHEV), Heavy Commercial Vehicles, Light Commercial Vehicles, Two-wheelers & Scooters), By Installation Type (Fixed, Portable, Residential, Commercial), By Connector Type (Normal Charging, Type 2, CCS, CHAdeMO, Tesla SC, GB/T), By Application( Private, Public), By Mounting Type (Wall Mount, Pedestal Mount, Ceiling Mount), By Charging Service( EV Charging Service, Battery Swapping Service), By End User (Commercial EV Charging Stations, Residential EV Charging Stations), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- AeroVironment Inc.
- BP Chargemaster
- General Electric Company
- ABB
- Eaton Corp.
- ChargePoint Inc.
- Others
Reports Description
The surging demand for electric vehicles is boosting the market.
According to Custom Market Insights (CMI), The Global Electric Vehicle Charging Station Market size was worth around USD 35 billion in 2021 and is expected to reach USD 77.78 billion in 2022 and is predicted to grow to around USD 420 billion by 2030 with a compound annual growth rate (CAGR) of roughly 32% between 2022 and 2030.
The report analyses the Electric Vehicle Charging Station market’s drivers and restraints and the impact they have on-demand throughout the projection period. In addition, the report examines global opportunities in the global Electric Vehicle Charging Station market.
Electric Vehicle Charging Station Market: Overview
A plug-in electric vehicle (EV), such as a hybrid, an electric car, or a neighborhood electric vehicle, can be charged at an electric vehicle charging station, sometimes referred to as an EVSE. The charging stations are operated by a software program, a network operations center, an energy controller, a facility meter, and an energy conversion system connected to the power grid. The charger gadget supports charging at various intensities. For example, level 1 charging stations use a standard wall socket, level 2 charging stations are compatible with all-electric vehicles and include a cord that plugs directly into the car, and level 3 charging stations are direct current (DC) fast chargers that quickly charge cars.
Electric Vehicle Charging Station Market: COVID–19 Impact Analysis
Early in 2020, the COVID-19 outbreak had a minimal impact on the EV charging sector because of lockdowns. However, due to government incentives worldwide, the demand for EVs and related markets surged in 2021, which boosted the requirement for EV charging stations. Globally, top EV charger producers and network providers have raised the number of their personal and public EV chargers. For instance, Shell has over 250,000 EV charging stations worldwide as of December 2021, a massive increase from less than 50,000 in 2020. ABB also had over 400,000 EV charging stations as of December 2021, an increase of more than 100% from the prior year. In addition, all other networks and charging station makers have expanded the availability of EV charging. This market was less affected by the epidemic because of the significant drive by governments worldwide to phase out ICE automobiles.
Electric Vehicle Charging Station Market: Growth Drivers
Increasing adoption of EVs
Governments encourage people to purchase EVs by providing automakers with subsidies, tax exemptions, rebates, and fixed quotas. These factors are anticipated to fuel the market expansion for electric vehicle charging stations. However, as the demand for EVs grows, power infrastructures and charging stations need to keep the cars running correctly. Furthermore, strict government pollution rules have forced people to purchase EVs.
The worldwide demand for electric vehicles (EVs) has recently been growing enormously. However, China and the United States hold the most significant market shares for the same. Since there is a growing demand for EVs, the market for electronic charging is also expanding. The installation of the charging stations is being financed in part by governments around the world. For instance, the national policies of China’s government have permitted the construction of fast-charging stations. Like China, the US government provides all its resources to build EV charging stations. The government’s active assistance will likely stimulate the market for level 3 charging stations during the projected period.
The popularity of Mobility as a Service (MaaS)
Mobility as a Service (MaaS) is attaining popularity, which is also anticipated to fuel industry expansion. Additionally, the emphasis placed on subscription-based charging models has contributed to the growth of EV charging stations. According to the model, numerous utilities have partnered with OEMs to offer their consumers subscription-based services, including Vattenfall AB, Duke Energy Corporation, and New York Power Authority. For instance, in April 2019, Duke Energy Corp. and ChargePoint Inc. struck a collaboration agreement to provide subscription-based services to its EV drivers in North Carolina, a U.S. state. However, several expenses related to the EV charging infrastructures, such as maintenance, installation, and operational costs, are detrimental to the market’s expansion.
Electric Vehicle Charging Station Market: Segmentation Analysis
In our research scope, the moringa market is segmented into the connector, charger type, and application. Due to the rising demand for its installation in commercial stations, the fast charger segment dominated the market in 2021 and accounted for over 90% of worldwide revenue. Most businesses have installed Level 1 DC fast chargers or Level 2 AC charging stations that can recharge an EV to 100% capacity in 4–6 hours. Additionally, as part of their campaigns to promote their electric vehicles, automakers are strongly emphasizing installing charging stations for their employees’ EVs. For instance, the employees of General Motors Company in Detroit have increased their demand for the company’s Chevrolet Volt electric automobiles due to the installation of 100 Level 2 EV charging stations at the facility’s parking lots.
Due to government measures to hasten the construction of public charging infrastructure, which primarily uses slow chargers, the slow charger category held a sizeable market share in 2021. Additionally, home applications that use slow chargers for overnight charging are the most common. Additionally, most electric car producers, including Volkswagen Group, BMW of America, and General Motors, include slow chargers with the purchase of an electric car, which further contributes to the segment’s growth. For instance, when you buy one of General Motors’ electric vehicles, you also get a slow charger.
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 35 Billion |
| Projected Market Size in 2030 | USD 420 Billion |
| Market Size in 2022 | USD 77.78 Billion |
| CAGR Growth Rate | 32% CAGR (2022-2030) |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Prominent Players | AeroVironment Inc., BP Chargemaster, General Electric Company, ABB, Eaton Corp., ChargePoint Inc., ClipperCreek Inc., SemaConnect Inc., Leviton Manufacturing Co. Inc., Schneider Electric, Tesla Inc., Siemens AG, Webasto SE , and Others |
| Key Segment | By Charger Type, Connector, Application, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Key Insights:
- As per the analysis shared by our research analyst, the Electric Vehicle Charging Station market is estimated to grow annually at a CAGR of around 32% over the forecast period (2022-2030).
- In terms of revenue, the Electric Vehicle Charging Station market size was valued at around USD 35 billion in 2021 and is projected to reach USD 420 billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
- Based on charger type segmentation, the fast charger segment was estimated to hold the maximum market share in 2021.
- Based on connector segmentation, the CHAdeMO segment was the top revenue-generating category in 2021.
- The commercial segment was the top revenue-generating category based on application segmentation in 2021.
- Based on geography/region, the Asia Pacific region was the leading revenue generator in 2021.
Recent Development
- 2022: The U.S. Department of Transportation recently approved plans for all 50 states to construct EV charging stations along the country’s roadways.
- 2021: Other electric vehicles can now be charged at DC fast-charging stations, which are part of The Tesla Supercharger network.
Regional Landscape
In 2021, Asia Pacific led the market and took home more than 59% of worldwide revenue. The electric car industry is centered in nations like China, Japan, and South Korea, spending extensively on the construction of charging infrastructure. For instance, to reach its goal of supporting 5 billion EVs on the road by 2020, the Chinese government stated its plan to invest in installing EV infrastructure in October 2015.
In addition, South Korea announced a USD 180.3 million investment to enhance the nation’s EV charging infrastructure to support environmentally friendly vehicles in the transportation industry. Additionally, Japan’s electric charging stations had more than 40,000 charging outlets in 2020, surpassing the number of gas stations.
Competitive Landscape
The industry participants constantly attempt to improve their current product portfolios and develop new products. As a result, these players favor partnerships with other EV producers for strategic growth.
Prominent Players:
- AeroVironment Inc.
- BP Chargemaster
- General Electric Company
- ABB
- Eaton Corp.
- ChargePoint Inc.
- ClipperCreek Inc.
- SemaConnect Inc.
- Leviton Manufacturing Co. Inc.
- Schneider Electric
- Tesla Inc.
- Siemens AG
- Webasto SE
The global Electric Vehicle Charging Station market is segmented as follows:
By Level of Charging
- Level 1
- Level 2
- Level 3
By Charging Station Type
- AC Charging
- DC Charging
- Wireless Charging
By Power Output
- <11KW
- 11KW-50KW
- >50KW
By Supplier Type
- OE Charging Station
- Private Charging Station
By Vehicle Type
- Passenger Cars
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Vehicle(PHEV)
- Heavy Commercial Vehicles
- Light Commercial Vehicles
- Two-wheelers & Scooters
By Installation Type
- Fixed
- Portable
- Residential
- Commercial
By Connector Type
- Normal Charging
- Type 2
- CCS
- CHAdeMO
- Tesla SC
- GB/T
By Application
- Private
- Public
By Mounting Type
- Wall Mount
- Pedestal Mount
- Ceiling Mount
By Charging Service
- EV Charging Service
- Battery Swapping Service
By End User
- Commercial EV Charging Stations
- Commercial Public EV Charging Stations
- On-Road Charging
- Parking Spaces
- Destination Chargers
- Commercial Private EV Charging Stations
- Fleet Charging
- Captive Charging
- Commercial Public EV Charging Stations
- Residential EV Charging Stations
On the basis of Geography
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Electric Vehicle Charging Station Market, (2022 – 2030) (USD Billion)
- 2.2 Global Electric Vehicle Charging Station Market : snapshot
- Chapter 3. Global Electric Vehicle Charging Station Market – Industry Analysis
- 3.1 Electric Vehicle Charging Station Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Increasing adoption of EVs
- 3.2.2 The popularity of Mobility as a Service (MaaS)
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Charger Type
- 3.7.2 Market attractiveness analysis By Connector
- 3.7.3 Market attractiveness analysis By Application
- Chapter 4. Global Electric Vehicle Charging Station Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Electric Vehicle Charging Station Market: company market share, 2021
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Electric Vehicle Charging Station Market – Charger Type Analysis
- 5.1 Global Electric Vehicle Charging Station Market overview: By Charger Type
- 5.1.1 Global Electric Vehicle Charging Station Market share, By Charger Type, 2021 and 2030
- 5.2 Fast Charger
- 5.2.1 Global Electric Vehicle Charging Station Market by Fast Charger, 2022 – 2030 (USD Billion)
- 5.3 Slow Charger
- 5.3.1 Global Electric Vehicle Charging Station Market by Slow Charger, 2022 – 2030 (USD Billion)
- 5.1 Global Electric Vehicle Charging Station Market overview: By Charger Type
- Chapter 6. Global Electric Vehicle Charging Station Market – Connector Analysis
- 6.1 Global Electric Vehicle Charging Station Market overview: By Connector
- 6.1.1 Global Electric Vehicle Charging Station Market share, By Connector, 2021 and 2030
- 6.2 CHAdeMO
- 6.2.1 Global Electric Vehicle Charging Station Market by CHAdeMO, 2022 – 2030 (USD Billion)
- 6.3 Combined Charging System (CCS)
- 6.3.1 Global Electric Vehicle Charging Station Market by Combined Charging System (CCS), 2022 – 2030 (USD Billion)
- 6.4 Others
- 6.4.1 Global Electric Vehicle Charging Station Market by Others, 2022 – 2030 (USD Billion)
- 6.1 Global Electric Vehicle Charging Station Market overview: By Connector
- Chapter 7. Global Electric Vehicle Charging Station Market – Application Analysis
- 7.1 Global Electric Vehicle Charging Station Market overview: By Application
- 7.1.1 Global Electric Vehicle Charging Station Market share, By Application, 2021 and 2030
- 7.2 Residential
- 7.2.1 Global Electric Vehicle Charging Station Market by Residential, 2022 – 2030 (USD Billion)
- 7.3 Commercial
- 7.3.1 Global Electric Vehicle Charging Station Market by Commercial, 2022 – 2030 (USD Billion)
- 7.1 Global Electric Vehicle Charging Station Market overview: By Application
- Chapter 8. Electric Vehicle Charging Stations Industry – Regional Analysis
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- 8.1 Global Electric Vehicle Charging Stations Industry Regional Overview
- 8.2 Global Electric Vehicle Charging Stations Industry Share, by Region, 2021 & 2030 (USD Billion)
- 8.3. North America
- 8.3.1 North America Electric Vehicle Charging Stations Industry, 2022 – 2030 (USD Billion)
- 8.3.1.1 North America Electric Vehicle Charging Stations Industry, by Country, 2022 – 2030 (USD Billion)
- 8.3.1 North America Electric Vehicle Charging Stations Industry, 2022 – 2030 (USD Billion)
- 8.4 North America Electric Vehicle Charging Stations Industry, by Charger Type, 2022 – 2030
- 8.4.1 North America Electric Vehicle Charging Stations Industry, by Charger Type, 2022 – 2030 (USD Billion)
- 8.5 North America Electric Vehicle Charging Stations Industry, by Connector, 2022 – 2030
- 8.5.1 North America Electric Vehicle Charging Stations Industry, by Connector, 2022 – 2030 (USD Billion)
- 8.6 North America Electric Vehicle Charging Stations Industry, by Application, 2022 – 2030
- 8.6.1 North America Electric Vehicle Charging Stations Industry, by Application, 2022 – 2030 (USD Billion)
- 8.7. Europe
- 8.7.1 Europe Electric Vehicle Charging Stations Industry, 2022 – 2030 (USD Billion)
- 8.7.1.1 Europe Electric Vehicle Charging Stations Industry, by Country, 2022 – 2030 (USD Billion)
- 8.7.1 Europe Electric Vehicle Charging Stations Industry, 2022 – 2030 (USD Billion)
- 8.8 Europe Electric Vehicle Charging Stations Industry, by Charger Type, 2022 – 2030
- 8.8.1 Europe Electric Vehicle Charging Stations Industry, by Charger Type, 2022 – 2030 (USD Billion)
- 8.9 Europe Electric Vehicle Charging Stations Industry, by Connector, 2022 – 2030
- 8.9.1 Europe Electric Vehicle Charging Stations Industry, by Connector, 2022 – 2030 (USD Billion)
- 8.10 Europe Electric Vehicle Charging Stations Industry, by Application, 2022 – 2030
- 8.10.1 Europe Electric Vehicle Charging Stations Industry, by Application, 2022 – 2030 (USD Billion)
- 8.11. Asia Pacific
- 8.11.1 Asia Pacific Electric Vehicle Charging Stations Industry, 2022 – 2030 (USD Billion)
- 8.11.1.1 Asia Pacific Electric Vehicle Charging Stations Industry, by Country, 2022 – 2030 (USD Billion)
- 8.11.1 Asia Pacific Electric Vehicle Charging Stations Industry, 2022 – 2030 (USD Billion)
- 8.12 Asia Pacific Electric Vehicle Charging Stations Industry, by Charger Type, 2022 – 2030
- 8.12.1 Asia Pacific Electric Vehicle Charging Stations Industry, by Charger Type, 2022 – 2030 (USD Billion)
- 8.13 Asia Pacific Electric Vehicle Charging Stations Industry, by Connector, 2022 – 2030
- 8.13.1 Asia Pacific Electric Vehicle Charging Stations Industry, by Connector, 2022 – 2030 (USD Billion)
- 8.14 Asia Pacific Electric Vehicle Charging Stations Industry, by Application, 2022 – 2030
- 8.14.1 Asia Pacific Electric Vehicle Charging Stations Industry, by Application, 2022 – 2030 (USD Billion)
- 8.15. Latin America
- 8.15.1 Latin America Electric Vehicle Charging Stations Industry, 2022 – 2030 (USD Billion)
- 8.15.1.1 Latin America Electric Vehicle Charging Stations Industry, by Country, 2022 – 2030 (USD Billion)
- 8.15.1 Latin America Electric Vehicle Charging Stations Industry, 2022 – 2030 (USD Billion)
- 8.16 Latin America Electric Vehicle Charging Stations Industry, by Charger Type, 2022 – 2030
- 8.16.1 Latin America Electric Vehicle Charging Stations Industry, by Charger Type, 2022 – 2030 (USD Billion)
- 8.17 Latin America Electric Vehicle Charging Stations Industry, by Connector, 2022 – 2030
- 8.17.1 Latin America Electric Vehicle Charging Stations Industry, by Connector, 2022 – 2030 (USD Billion)
- 8.18 Latin America Electric Vehicle Charging Stations Industry, by Application, 2022 – 2030
- 8.18.1 Latin America Electric Vehicle Charging Stations Industry, by Application, 2022 – 2030 (USD Billion)
- 8.19. The Middle-East and Africa
- 8.19.1 The Middle-East and Africa Electric Vehicle Charging Stations Industry, 2022 – 2030 (USD Billion)
- 8.19.1.1 The Middle-East and Africa Electric Vehicle Charging Stations Industry, by Country, 2022 – 2030 (USD Billion)
- 8.19.1 The Middle-East and Africa Electric Vehicle Charging Stations Industry, 2022 – 2030 (USD Billion)
- 8.20 The Middle-East and Africa Electric Vehicle Charging Stations Industry, by Charger Type, 2022 – 2030
- 8.20.1 The Middle-East and Africa Electric Vehicle Charging Stations Industry, by Charger Type, 2022 – 2030 (USD Billion)
- 8.21 The Middle-East and Africa Electric Vehicle Charging Stations Industry, by Connector, 2022 – 2030
- 8.21.1 The Middle-East and Africa Electric Vehicle Charging Stations Industry, by Connector, 2022 – 2030 (USD Billion)
- 8.22 The Middle-East and Africa Electric Vehicle Charging Stations Industry, by Application, 2022 – 2030
- 8.22.1 The Middle-East and Africa Electric Vehicle Charging Stations Industry, by Application, 2022 – 2030 (USD Billion)
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- Chapter 9. Company Profiles
- 9.1 AeroVironment Inc.
- 9.1.1 Overview
- 9.1.2 Financials
- 9.1.3 Product Portfolio
- 9.1.4 Business Strategy
- 9.1.5 Recent Developments
- 9.2 BP Chargemaster
- 9.2.1 Overview
- 9.2.2 Financials
- 9.2.3 Product Portfolio
- 9.2.4 Business Strategy
- 9.2.5 Recent Developments
- 9.3 General Electric Company
- 9.3.1 Overview
- 9.3.2 Financials
- 9.3.3 Product Portfolio
- 9.3.4 Business Strategy
- 9.3.5 Recent Developments
- 9.4 ABB
- 9.4.1 Overview
- 9.4.2 Financials
- 9.4.3 Product Portfolio
- 9.4.4 Business Strategy
- 9.4.5 Recent Developments
- 9.5 Eaton Corp.
- 9.5.1 Overview
- 9.5.2 Financials
- 9.5.3 Product Portfolio
- 9.5.4 Business Strategy
- 9.5.5 Recent Developments
- 9.6 ChargePoint Inc.
- 9.6.1 Overview
- 9.6.2 Financials
- 9.6.3 Product Portfolio
- 9.6.4 Business Strategy
- 9.6.5 Recent Developments
- 9.7 ClipperCreek Inc.
- 9.7.1 Overview
- 9.7.2 Financials
- 9.7.3 Product Portfolio
- 9.7.4 Business Strategy
- 9.7.5 Recent Developments
- 9.8 SemaConnect Inc.
- 9.8.1 Overview
- 9.8.2 Financials
- 9.8.3 Product Portfolio
- 9.8.4 Business Strategy
- 9.8.5 Recent Developments
- 9.9 Leviton Manufacturing Co. Inc.
- 9.9.1 Overview
- 9.9.2 Financials
- 9.9.3 Product Portfolio
- 9.9.4 Business Strategy
- 9.9.5 Recent Developments
- 9.10 Schneider Electric
- 9.10.1 Overview
- 9.10.2 Financials
- 9.10.3 Product Portfolio
- 9.10.4 Business Strategy
- 9.10.5 Recent Developments
- 9.11 Tesla Inc.
- 9.11.1 Overview
- 9.11.2 Financials
- 9.11.3 Product Portfolio
- 9.11.4 Business Strategy
- 9.11.5 Recent Developments
- 9.12 Siemens AG
- 9.12.1 Overview
- 9.12.2 Financials
- 9.12.3 Product Portfolio
- 9.12.4 Business Strategy
- 9.12.5 Recent Developments
- 9.13 Webasto SE
- 9.13.1 Overview
- 9.13.2 Financials
- 9.13.3 Product Portfolio
- 9.13.4 Business Strategy
- 9.13.5 Recent Developments
- 9.1 AeroVironment Inc.
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Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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Prominent Players:
- AeroVironment Inc.
- BP Chargemaster
- General Electric Company
- ABB
- Eaton Corp.
- ChargePoint Inc.
- ClipperCreek Inc.
- SemaConnect Inc.
- Leviton Manufacturing Co. Inc.
- Schneider Electric
- Tesla Inc.
- Siemens AG
- Webasto SE
- Others
FAQs
“Asia Pacific” region will lead the global Electric Vehicle Charging Station market during the forecast period 2022 to 2030.
The key factors driving the market are increasing adoption of EV and the popularity of Mobility as a Service (MaaS).
The key players operating in the Electric Vehicle Charging Station market are AeroVironment Inc., BP Chargemaster, General Electric Company, ABB, Eaton Corp., ChargePoint Inc., ClipperCreek Inc., SemaConnect Inc., Leviton Manufacturing Co. Inc., Schneider Electric, Tesla Inc., Siemens AG, Webasto SE .
The global Electric Vehicle Charging Station market is expanding growth with a CAGR of approximately 32% during the forecast period (2022 to 2030).
The global Electric Vehicle Charging Station market size was valued at USD 35 Million in 2021 and it is projected to reach around USD 420 Million by 2030.