Singapore Electric Vehicle Charging Infrastructure Market Outlook (2020-2025) | Size, Share, Trends, Growth, Outlook & COVID-19 IMPACT

Market Forecast By Charger Types (AC Charger and DC Charger), By End Consumers (Public and Private), And by Competitive Landscape

Product Code: ETC072136 Publication Date: Mar 2023 Product Type: Market Research Report
Publisher: 6Wresearch No. of Pages: 80 No. of Figures: 14 No. of Tables: 8

Singapore electric vehicle charging infrastructure market report comprehensively covers the market by charger types and end consumers. Singapore electric vehicle charging infrastructure market report provides an unbiased and detailed analysis of the ongoing 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.

Latest 2023 Development of the Singapore Electric Vehicle Charging Infrastructure Market

Singapore Electric Vehicle Charging Infrastructure Market has been growing steadily along with several new developments and projects. For instance, the Singapore government has announced plans to deploy a nationwide EV charging grid called the National Grid. Also, the government has been encouraging public-private partnerships to accelerate the deployment of EV charging infrastructure. Moreover, the Housing Development Board (HDB) announced plans to install EV charging points in all new public car parks in Housing and Development Board estates.

Furthermore, the country has been promoting the electrification of public transport. The government has also been testing electric taxis and is exploring the use of electric ferries. The promotion of green financing is also contributing to the development of the electric vehicle charging infrastructure industry. Overall, the EV charging infrastructure market is expected to continue growing as the government and private sector investment in the development of a comprehensive charging network to support the wide adoption of electric vehicles. There is a growing awareness among consumers about the benefits of EVs, including their environmental friendliness, and reduced dependence on fossil fuels. Consequently, this leads to an increase in demand for EVs and the growth of the charging infrastructure market.

Singapore Electric Vehicle Charging Infrastructure Market Synopsis

Though a majority of the current charging infrastructure in Singapore supplies AC current, widespread demand for reduced charging times and gaining preference of network operators for deployment of DC chargers would lead to an increase in the share of DC chargers in the coming years. However, the market witnessed a decline during the outbreak of the Covid-19 pandemic and is expected to recover over the coming years.

Singapore Electric Vehicle Charging Infrastructure Market Overview

According to 6Wresearch, Singapore electric vehicle charging infrastructure market size grew at a CAGR of 74.0% during 2020-2025. The government has announced various schemes such as Vehicular Emission Scheme (VES). Early adoption incentive scheme offering a 45 per cent rebate on a car’s Additional Registration fee to EV buyers from 2021 to 2023, less punitive road tax on electric vehicles along with the significant expansion of EV charging infrastructure to promote the adoption of electric vehicle in the country.

Market Analysis By Charger Types

The Singapore government has an ambitious plan to expand the electric vehicle charging infrastructure from 1700 charging points currently to 28000 charging points by 2030. As of June end of 2020, there are 212 public DC fast Charging points and 629 public AC charging points in Singapore where the demand for DC chargers would be increasing in the coming years due to fast charging and less time consumption. Blue SG, Greenlots, and SP group in consideration with LTA have played a significant role in the development of EV charging infrastructure in Singapore.

Singapore Electric Vehicle Charging Infrastructure Market Overview (2020-2025)

Key Attractiveness of the Report

  • COVID-19 Impact on the Market.
  • 6 Years Market Numbers.
  • Estimated Data Starting from 2020 to 2025F.
  • Base Year: 2019
  • Forecast Data until 2025F.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report

  • Singapore electric vehicle charging infrastructure Market Overview
  • Singapore electric vehicle charging infrastructure Market Outlook
  • Singapore electric vehicle charging infrastructure Market Forecast
  • Historical Data and Forecast Singapore electric vehicle charging infrastructure Market Revenues and Volume for the Period 2019-2025F
  • Historical Data and Forecast of Singapore electric vehicle charging infrastructure Market Revenues and Volume, By Charger Types, for the Period 2019-2025F
  • Historical Data and Forecast of Singapore electric vehicle charging infrastructure Market Revenues and Volume, By End Consumers, for the Period 2019-2025F
  • Market Drivers and Restraints
  • Industry Life Cycle
  • Porter’s Five Force Analysis
  • Impact Analysis of COVID-19
  • Market Trends
  • Singapore Vehicle Market Revenue Ranking, By Companies
  • Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Charger Types

  • AC
  • DC

By End Consumers

  • Public
  • Private
Singapore Electric Vehicle Charging Infrastructure Market: FAQs
The high cost of EV charging infrastructure and limited space is a major concern which makes it difficult to accommodate the necessary charging infrastructure. In addition, range anxiety is a common concern among EV owners, particularly in Singapore where long distances are not common.
Government support to encourage the adoption of EVs and has set a target of phasing out petrol and diesel vehicles in the coming years growing awareness among consumers about the benefits of EVs leads to an increase in demand for EVs, which in turn propels the growth of the charging infrastructure market.
The Singapore electric vehicle charging infrastructure market is expected to grow at a CAGR of 74.0% during the forecast period (2020-2025).
The Singapore Electric Vehicle Charging Infrastructure Market size is valued at XX million USD.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
1. Executive Summary
2. Introduction
2.1 Report Description
2.2 Key Highlights of The Report
2.3 Market Scope & Segmentation
2.4 Research Methodology – Sources of Information
2.5 Assumptions
3. Singapore Electric Vehicle Charging Infrastructure Market Overview
3.1 Country Indicators
3.2 Singapore Electric Vehicle Charging Infrastructure Market Revenues, 2016-2025F
3.3 Singapore Electric Vehicle Charging Infrastructure Market Revenue Share, By Types, 2019 & 2025F
3.4 Singapore Electric Vehicle Charging Infrastructure Market Revenue Share, By Applications, 2019 & 2025F
3.5 Singapore Electric Vehicle Charging Infrastructure Market Industry Life Cycle
3.6 Singapore Electric Vehicle Charging Infrastructure Market- Porter’s Five Forces
4. Singapore Electric Vehicle Charging Infrastructure Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints
5. Singapore Electric Vehicle Charging Infrastructure Market Trends
6. Singapore Electric Vehicle Charging Infrastructure Market Overview, By Types
6.1 Singapore Electric Vehicle Charging Infrastructure Market Revenues, By AC Charger, 2016-2025F
6.2 Singapore Electric Vehicle Charging Infrastructure Market Revenues, By DC Charger, 2016-2025F
7. Singapore Electric Vehicle Charging Infrastructure Market Overview, By Applications
7.1 Singapore Residential Electric Vehicle Charging Infrastructure Market Revenues, 2016-2025F
7.2 Singapore Commercial Electric Vehicle Charging Infrastructure Market Revenues, 2016-2025F
7.3 Singapore Others Electric Vehicle Charging Infrastructure Market Revenues, 2016-2025F
8. Singapore Electric Vehicle Charging Infrastructure Market Key Performance Indicators
9. Singapore Electric Vehicle Charging Infrastructure Market Opportunity Assessment
9.1 Singapore Electric Vehicle Charging Infrastructure Market Opportunity Assessment, By Types, 2025F
9.2 Singapore Electric Vehicle Charging Infrastructure Market Opportunity Assessment, By Applications, 2025F
10. Singapore Electric Vehicle Charging Infrastructure Market Competitive Landscape 
10.1 Singapore Electric Vehicle Charging Infrastructure Market Revenue Share, By Companies, 2019
10.2 Singapore Electric Vehicle Charging Infrastructure Market Competitive Benchmarking, By Operating Parameters, 2019
11. Company Profiles
12. Strategic Recommendations
13. Disclaimer
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