Global Electric Vehicle Charging Infrastructure Market (2019-2025) | Share, Outlook, Industry, Forecast, Size, Analysis, Value, Revenue, Companies, Growth & Trends

Latest (2024) Development of the Global Electric Vehicle Charging Infrastructure Market

The Global Electric Vehicle Charging Infrastructure Market is experiencing unprecedented growth driven by surging EV adoption and supportive government policies. Innovations in fast-changing technology and the rollout of extensive charging networks are addressing range anxiety among consumers, a key barrier to widespread EV adoption. Major automotive and tech companies are collaborating to develop seamless charging solutions, including wireless and ultra-fast chargers. Additionally, significant investments are being poured into expanding public charging stations, particularly in urban areas, to support the increasing number of EVs on the road. 

This robust expansion is fueling economic opportunities as well as pushing the world closer to its environmental sustainability goals. The EV market has witnessed remarkable growth in recent years, with the global EV stock surpassing 10 million vehicles in 2020. This rapid growth is expected to continue, with experts predicting that by 2040, more than half of all new car sales will be electric. This shift towards sustainable transportation is driven by various factors such as increasing environmental consciousness, decreasing costs of EVs, charging infrastructure, and government incentives. 

Global electric vehicle charging infrastructure market Synopsis

The Global electric vehicle charging infrastructure market has registered high growth on the back of the increasing adoption of electric mobility across the globe. Additionally, rising pollution levels coupled with an increased demand for green transportation and continuous efforts of the government towards the implementation of electric mobility in developed countries across the globe are expected to propel the growth of the global electric vehicle charging infrastructure market over the coming years.

According to 6Wresearch, the Global Electric Vehicle Charging Infrastructure Market is projected to grow at a CAGR of 23.8% during 2019-2025. The Asia Pacific region has acquired the majority of the market share of the overall electric vehicle charging infrastructure market across the world with a maximum number of developed charging stations and a vast number under construction. Moreover, several efforts by the government coupled with heavy investment in the production of electric vehicles are projected to drive the global electric vehicle charging infrastructure market growth over the coming six years.

The introduction of various tax rebates and government incentives would additionally bring more avenues for the growth of the electric vehicle charging infrastructure market in developed countries across the globe over the coming years. The implementation of the Senate Bill under the Electric Vehicle Charging Infrastructure Open Access Act, implemented in North America by the government would further improve electric mobility.

The global electric vehicle charging infrastructure market report thoroughly covers the market by type, applications, and regions including North America, Latin America, Asia Pacific, Middle East, Africa & Europe, and other key countries. The global electric vehicle charging infrastructure market outlook report provides an unbiased and detailed analysis of the ongoing global electric vehicle charging infrastructure market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

The Global Electric Vehicle Charging Infrastructure Market is expected to be driven back by the increasing adoption of electric mobility across the globe. Rising pollution levels coupled with an increased demand for green transportation and Continuous efforts of the government towards the implementation of electric mobility in developed countries across the globe are expected to propel the global electric vehicle charging infrastructure market in the coming years. The Asia Pacific region has been observed capturing a major share of the electric vehicle charging infrastructure across the world with a maximum number of developed charging stations and a vast number under construction. Moreover, several efforts by the government coupled with heavy investment in the production of electric vehicles are projected to drive the global electric vehicle charging infrastructure market growth in the upcoming six years. The introduction of various tax rebates and generous incentives would additionally bring more avenues for the growth of the electric vehicle charging infrastructure market in developed countries across the globe in the coming years. The implementation of the Senate Bill under the Electric Vehicle Charging Infrastructure Open Access Act, implemented in North America is further an example of a strategic plan adopted by the government to improve the growth of electric mobility.

The Global Electric Vehicle Charging Infrastructure Market is expected to be driven back by the increasing adoption of electric mobility across the globe. Rising pollution levels coupled with an increased demand for green transportation and Continuous efforts of the government towards the implementation of electric mobility in the developed countries across the globe are expected to propel the global electric vehicle charging infrastructure market in the coming years. The Asia Pacific region has been observed capturing a major share of the electric vehicle charging infrastructure across the world with a maximum number of developed charging stations and a vast number under construction. Moreover, several efforts by the government coupled with heavy investment in the production of electric vehicles are projected to drive the global electric vehicle charging infrastructure market growth in the upcoming six years. The introduction of various tax rebates and generous incentives would additionally bring more avenues for the growth of the electric vehicle charging infrastructure market in developed countries across the globe in the coming years. The implementation of the Senate Bill under the Electric Vehicle Charging Infrastructure Open Access Act, implemented in North America is further an example of a strategic plan adopted by the government to improve the growth of electric mobility.

The Global electric vehicle charging infrastructure market is expected to witness a proliferation in the coming timeframe on the back of an increase in the massive adoption of electric vehicles. The electrification in the automotive industry has no doubt, led to successful growth and development of the industry and has led to a massive integration of proper infrastructure needed for the successful mobility of vehicles and as a result, is expected to proliferate significant growth of the global electric vehicle charging infrastructure market in the coming timeframe. The integration of mobility control, charging and de-charging of the electric vehicle batteries, avoidance of stress, heat, and over-temperature in the vehicle, especially in the power train segment, and some advanced and specific features such as in-car connectivity, power steering, and cruise control are all making the use of proper electric vehicle charging infrastructure an ideal choice and is expected to trigger significant revenues for the market in the coming future.

The global electric vehicle charging infrastructure market is projected to witness positive growth in the upcoming six years on the back of the rising electric vehicle adoption in developed and developing countries across the globe. Globally, in the Asia Pacific region, the market size is expected to be at the highest potential in the coming time zone. Also. several countries like China and India are the fastest-growing electric vehicle adopters and as a result, the electric vehicle charging infrastructure market in the aforementioned countries is anticipated to witness superior growth in the coming time zone. Moreover, emerging electric vehicle charging stations infrastructure is expected to leave a positive impact on the market owing to the rising government investment in the development of charging stations on the way tends to ensure uninterpretable mobility and easy charging access. This factor serves as a growth driving factor and is expected to proliferate the explosive growth of the global electric vehicle charging infrastructure market.

Global electric vehicle charging infrastructure market is projected to find its true potential underpinned by the increase in the purchase of the electric vehicle with the growing awareness of environmental degradation. Also, the growing growth of middle-class families has led to spending on our has four wheelers where government regulation propelled them to purchase electric vehicles concurrently with the increased development of the electric vehicle charging infrastructure which is estimated to act as a catalyst for the growth of the global electric vehicle charging infrastructure market in the coming year.

Key Highlights of the Report

• Global Electric Vehicle Charging Infrastructure Market Overview
• Global Electric Vehicle Charging Infrastructure Market Outlook
• Global Electric Vehicle Charging Infrastructure Market Size
• Global Electric Vehicle Charging Infrastructure Market Forecast
• Historical & Forecast Data of the Global Electric Vehicle Charging Infrastructure Market Revenues for the period 2015-2025F.
• Historical & Forecast Data of the North America Electric Vehicle Charging Infrastructure Market Revenues for the period 2015-2025F.
• Historical & Forecast Data of North America Electric Vehicle Charging Infrastructure Market Revenues, by Type, for the Period 2015-2025F.
• Historical & Forecast Data of North America Electric Vehicle Charging Infrastructure Market Revenues, By Applications, for the Period 2015-2025F.
• Historical & Forecast Data of the Latin America Electric Vehicle Charging Infrastructure Market Revenues for the period 2015-2025F.
• Historical & Forecast Data of Latin America Electric Vehicle Charging Infrastructure Market Revenues, by Type, for the Period 2015-2025F.
• Historical & Forecast Data of Latin America Electric Vehicle Charging Infrastructure Market Revenues, By Applications, for the Period 2015-2025F.
• Historical & Forecast Data of the Europe Electric Vehicle Charging Infrastructure Market Revenues for the period 2015-2025F.
• Historical & Forecast Data of Europe Electric Vehicle Charging Infrastructure Market Revenues, by Type, for the Period 2015-2025F.
• Historical & Forecast Data of Europe Electric Vehicle Charging Infrastructure Market Revenues, By Applications, for the Period 2015-2025F.
• Historical & Forecast Data of the Asia Pacific Electric Vehicle Charging Infrastructure Market Revenues for the period 2015-2025F.
• Historical & Forecast Data of Asia Pacific Electric Vehicle Charging Infrastructure Market Revenues, by Type, for the Period 2015-2025F.
• Historical & Forecast Data of Asia Pacific Electric Vehicle Charging Infrastructure Market Revenues, By Applications, for the Period 2015-2025F.
• Historical & Forecast Data of the Middle East Electric Vehicle Charging Infrastructure Market Revenues for the period 2015-2025F.
• Historical & Forecast Data of Middle East Electric Vehicle Charging Infrastructure Market Revenues, by Type, for the Period 2015-2025F.
• Historical & Forecast Data of Middle East Electric Vehicle Charging Infrastructure Market Revenues, By Applications, for the Period 2015-2025F.
• Historical & Forecast Data of the Africa Electric Vehicle Charging Infrastructure Market Revenues for the period 2015-2025F
• Historical & Forecast Data of Africa Electric Vehicle Charging Infrastructure Market Revenues, by Type, for the Period 2015-2025F.
• Historical & Forecast Data of Africa Electric Vehicle Charging Infrastructure Market Revenues, By Applications, for the Period 2015-2025F.
• Market Drivers and Restraints
• Global Electric Vehicle Charging Infrastructure Market Trends
• Global Electric Vehicle Charging Infrastructure Market Share, By players
• Global Electric Vehicle Charging Infrastructure Market Share, by Regions
• Global Electric Vehicle Charging Infrastructure Market Overview on Competitive Benchmarking
• Company Profiles
• Strategic Recommendations

Markets Covered

The global electric vehicle charging infrastructure market report provides a detailed analysis of the following market segments:

By Types:

• AC Charger
• DC Charger

By Applications:

• Residential
• Commercial

By Regions

• North America
• Europe
• Middle East
• Africa
• Asia Pacific
• Latin America