Learn about the global electric vehicle charging station market through The Business Research Company, which provides information on electric vehicle charging station market size, electric vehicle charging station market drivers and restraints, electric vehicle charging station market players, the COVID-19 impact on the electric vehicle charging station market, and more.

The global electric vehicle charging stations market size is expected to grow from $4.03 billion in 2021 to $5.40 billion in 2022 at a compound annual growth rate (CAGR) of 34.1%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The EV charging stations market is expected to reach $17.85 billion in 2026 at a CAGR of 34.9%.

Increasing tax incentives and subsidies given to local automakers to produce electric vehicles is driving the demand for electric vehicle (EV) charging station market.

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The electric vehicle charging station market consist of sales of electric vehicle charging services. Electric vehicle charging stations provides charging facility to electric vehicles through alternating current (AC) and direct current (DC) charging. AC charging station consists of level 1 and level 2 charging. Level 1 charging station uses 120V AC current, level 2 charging station uses 240V AC current to charge the vehicles. Whereas, the DC charging station, also known as Level 3 charging station, uses 480V DC current to charge EVs.

Global Electric Vehicle Charging Station Market Segments Include:
By Installation Type: Home Charging System, Commercial Charging System
By Connector Type: CHAdeMO, CCS, GB/T, Tesla Supercharger, Others
By Mode of Charging: Plug In Charging System, Wireless Charging System
By Charging Station: AC Charging Station, DC Charging Station
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Companies in the industry are increasingly offering ultra-quick charging capabilities of the direct current (DC) to aid performance optimization and ultra-fast-charge. The ultra-quick charging technologies of the direct current are used in electric vehicle charging stations to transfer current to electric vehicles through DC. DC fast charging or level 3 charging is capable of charging 80% of the electric vehicle battery within 20 minutes. DC fast charging stations with ultra-quick technology provide high-power DC current up to 120 kW directly into vehicle’s battery without passing through any onboard AC/DC converter. The necessary conversion from AC to DC by a convertor done in case of AC charging process can be eliminated.

TBRC’s electric vehicle charging station market report covers:

Major Market Players: Tesla, Chargepoint, Siemens, ClipperCreek, Schneider electric, Eaton, GE, ABB, Aerovironment, SemaConnect, Robert Bosch GmbH, ECOtality, Engie, BP, Shell, Electromotive, Chargemaster, Evgo, EVBox, G2Mobility, Leviton, Delta ElectronicsInc, Evatran group Inc, Tgood, Delphi automotive LLP, Webasto Group, Alfen, Allego, Blink Charging and Efacec.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Electric Vehicle Charging Stations Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides electric vehicle charging station market overviews, analyses and forecasts market size, share, electric vehicle charging station market players, electric vehicle charging station market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s electric vehicle charging station market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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