The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Increasing tax incentives and subsidies given to local automakers to produce electric vehicles are expected to drive innovation in electric vehicle charging stations manufacturing, thus driving the market during the forecast period.

The global electric vehicle charging stations market 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 electric vehicle charging station market size is expected to reach $17.85 billion in 2026 at a CAGR of 34.9%.

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Global Electric Vehicle Charging Stations Market Segments Include:

• By Installation Type: Home Charging System, Commercial Charging System
• By Connector Type: CHAdeMO, CCS, GB/T, Tesla Supercharger, Other Connector Types
• 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. Among these regions, Asia Pacific is the largest region in the global electric vehicle charging stations market in 2021.

Major Market Players in the electric vehicle charging stations market include Tesla, Chargepoint, Siemens, ClipperCreek, Schneider Electric, Eaton, GE, ABB, Aerovironment, SemaConnect, Robert Bosch GmbH.

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 direct current (DC) 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 up to 120 kW directly into the 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 the AC charging process can be eliminated. In 2022, Tesla an American automotive and energy company revealed the supercharger V4’s design as part of the construction plans for a new station being deployed. Greenlots, an electric transportation company, has set plans to deploy 9 DC Fast charging stations across Central Washington. Electrify America, an electric vehicle charging network company, installed its first DC Faster charger in Massachusetts, USA, and is planning to invest $500 million to outfit the electric charging stations in 484 locations with 2000 DC fast chargers.

The Electric Vehicle Charging Stations Global Market Report 2023  provides a electric vehicle charging stations market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The electric vehicle charging stations market forecast analyzes electric vehicle charging stations market size, electric vehicle charging stations market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

An electric vehicle charging station refers to equipment that connects an electric vehicle to an electricity source to recharge the vehicle and keep the vehicle in motion. These are environmentally friendly as they do not emit pollutants.

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