Electric Vehicle Supply Equipment Market Size, Share and Trends 2026 to 2035

Revenue, 2025

USD 92.57 Bn

Forecast Year, 2035

USD 1434.55 Bn

CAGR, 2026 - 2035

31.53%

Report Coverage

Global

What is the Electric Vehicle Supply Equipment Market Size?

The electric vehicle supply equipment market size is calculated at USD 92.57 billion in 2025 and is predicted to increase from USD 122.93 billion in 2026 to approximately USD 1434.55 billion by 2035, expanding at a CAGR of 31.53% from 2026 to 2035. The electric vehicle supply equipment market is driven by the fast global adoption of electric vehicles (EVs) is heavily impacted by favorable government policies and even subsidies aimed at decreasing carbon emissions and encouraging sustainable transportation.

Electric Vehicle Supply Equipment Market Key Takeaways

• In terms of revenue, the market is valued at $92.57 billion in 2025.
• It is projected to reach $1,189.2 billion by 2035.
• The market is expected to grow at a CAGR of 32.80% from 2026 to 2035.
• Asia Pacific led the global market with the highest market share of 43% in 2025.
• By application, the commercial segment has held the largest market share in 2025.
• By product, the EV charging kiosk segment captured the biggest revenue share in 2025.
• By charging station type, the normal charging segment registered the maximum market share in 2025.

AI in the Market

In the EVSE market, AI plays an increasingly important role while furthering optimization of infrastructure, the grid, and, of course, user experience. It allows for predictive demand forecasting and strategic placement of charging stations, with dynamic price settings. Maintenance and troubleshooting operations go automatic, thereby keeping downtime to a minimum and service reliability to a maximum. AI also integrates with navigation systems for user convenience and works toward aligning charging demand with renewable energy generation. These are just some of how AI contributes toward creating a resilient, cost-efficient, and easy-to-use charging ecosystem.

What is an Electric Vehicle Supply Equipment?

With the rising concern for environment protection along with alarming rate of rise in pollution primarily from the passenger vehicles have promoted the adoption of electric vehicles across various countries in the world, this in turn, anticipated to drive the market growth for global electric vehicle supply equipment over the upcoming years.

In support of the rising adoption of electric vehicles, various public transport agencies that include GöteborgEnergi of Sweden, the Warsaw Public Transport Authority of Poland, and GVB of the Netherlands focus largely on signing collaboration agreement with different bus manufacturers such as AB Volvo, VDL Bus & Coach, and Mercedes Benz in order to develop charging stations for buses. Besides this, government of various countries are also investing significantly for the fast development of charging stations. For example, in June 2019,MIEJSKI ZAK?AD KOMUNIKACJI SP. Z O.O. W KUTNIE signed a contract with Ekoenergetyka - Polska S.A. for installing 20 fast-charging stations for electric buses across the city of Warsaw, Germany.

In addition, several hotel management companies are also collaborating with electric vehicle supply equipment (EVSE) players for the deployment of electric vehicle charging stations for their guests. For instance, Tesla Inc. had deployed over 3,137 electric vehicle charging stations for various hotels that were owned by Marriot International, Inc.

On the other hand, sudden outbreak of COVID-19 in the early 2020 has disrupted the operation of various industries including automotive industry. Slow sales growth in the automotive sector has also impacted the market for electric vehicles and thus a steep decline has been registered in the growth of electric vehicle supply equipment in the year 2020. However, the market expected to grow gradually during the upcoming years owing to rising preference for green mobility solutions across the world.

Electric Vehicle Supply Equipment Market Growth Factors

• Increasing adoption of electric mobility has also been pushing for more robust and scalable charging Infrastructure.
  
• This Market Expansion is driven by Government initiatives, incentives, and policies.
  
• Smart technologies are helping the development of efficient, reliable, and connected charging solutions.
  
• Integration of renewable energy sources gives more power to sustainability and efficiency.
  
• Growing Investments by automotive industries and private players bring innovation and accessibility
  

Electric Vehicle Supply Equipment Market Outlook

• Industry Growth Overview: The market is driven by government mandates, growing EV adoption, and tech innovations such as smart charging & faster chargers (CCS, Hyperchargers).
  
• Major Investors: It includes industrial giants such as ABB, Schneider Electric, Siemens, and Eaton, dedicated charging networks such as ChargePoint, Tesla, and Blink Charging, energy companies like BP (bp pulse) and Shell, and other innovators such as Delta Electronics, Webasto, and Tritium.
  

Market Scope

Segment Insights

Application Insights

On the basis of application, the commercial segment led the global electric vehicle supply equipment market in terms of revenue in the year 2024 and exhibits gradual growth during the forecast time period. This is mainly because of favorable government initiatives that include the Norway to Italy Electric Highway, Trans-Canada highway project, and West Coast Electric Highway (WCEH), and many others.

Product Insights

The EV charging kiosk segment dominated the global electric vehicle supply equipment market in the year 2024 owing to increasing demand for self-service charging stations such as advanced, interactive and intelligent kiosks for EV charging. Moreover, technological advancement in the charging kiosks for example integration of Near Field Communication (NFC) and Radio-Frequency Identification (RFID) in the electric vehicle supply equipment has enhanced and upgraded the performance of digital payments for customers using EV charging infrastructure.

The onboard charging stations witness the fastest growth in the global electric vehicle supply equipment market over the upcoming years owing toincreasing emphasis of various government bodies of different countries on long-term contracts for the development, operation, installation, and maintenance of onboard charging stations. Further, their increasing demand in lift trucks as they cover long distances estimated to proliferate the market growth.

Charging Station Insights

By charging station type, normal charging dominated the global electric vehicle supply equipment market with a share of more than 50% in the year 2024 and anticipated to rise at a significant rate during the forthcoming years. This is mainly attributed to the increasing installation of public charging station across various cities some of them include Melbourne, Amsterdam, and Beijing.

However, inductive charging segment exhibit the fastest growth during the forecast period because of increasing research & development activities for wireless charging technologies. In addition, increasing adoption of ridesharing, driverless, and electric vehicles are expected to flourish the growth of inductive charging technology during the upcoming time frame.

Regional Insights

What is the Asia Pacific Electric Vehicle Supply Equipment Market?

The Asia Pacific electric vehicle supply equipment market size is exhibited at USD 31.53 billion in 2025 and is projected to be worth around USD 616.87 billion by 2035, growing at a CAGR of 31.53% from 2026 to 2035.

Based on region theelectric vehicle supply equipmentmarket is segmented into North America, Asia Pacific, Europe, Latin America, and MEAN.

The Asia Pacific emerged as the leader in theglobalelectric vehicle supply equipmentmarket capturing more than 43% of revenue share in the year 2023 and predicted to grow at a prominent rate during the upcoming years. Increasing adoption of electric vehicles across various Asian countries such as Japan, China, Australia, India, and many others is one of the most supporting factors that trigger the market growth in the region. For instance, the government of China planned to convert its mobility into green mobility by the end of year 2030. Besides this, the government of other countries such as Japan and South Korea are investing significantly for the installation of electric vehicle charging infrastructure. This results in the prominent growth ofelectric vehicle supply equipmentmarket over the analysis time frame.

China's electric vehicle supply equipment market trends

China is rapidly growing in the electric vehicle supply equipment market. The government's investment in the EV industry supports international & domestic EV manufacturers, helping in the market growth. The growing production of lithium-ion batteries and processing key battery metals like graphite, lithium, & cobalt increases demand for the electric vehicle supply equipment. The growing production of EVs and the rising demand for EVs increases demand for electric vehicle supply equipment. The strong focus on smart city initiatives and growing investment in electric vehicle charging infrastructure fuel demand for EV supply equipment. The growing development of charging infrastructures like home charging solutions & public charging stations drives the overall growth of the market.

India electric vehicle supply equipment market trends

India is growing in the electric vehicle supply equipment market. The growing consumer demand for sustainable transportation increases the adoption of EVs, fueling demand for electric vehicle supply equipment. The strong government support for electric vehicle adoption and focus on the development of charging infrastructure help in the market growth. The rapid growth in e-commerce and the availability of last-mile delivery fuel demand for electric vehicles supply equipment, driving the overall market growth.

Europe is significantly growing in the market during the forecast period. The strong government support for EV adoption through various incentives like regulatory frameworks, subsidies, and tax breaks increases the development of electric vehicle supply equipment. The growing development of charging infrastructure, like home charging and public charging solutions, helps in the market growth. The growing innovation in charging solutions and partnerships between electric vehicle supply equipment, auto makers, & energy companies drives market growth. The strong focus on lowering greenhouse gas emissions and the transformation of the automotive industry increases the adoption of EVs, contributing to the electric vehicle supply equipment market.

Germany's electric vehicle supply equipment market trends

Germany is significantly growing in the electric vehicle supply equipment market. The strong government support for the adoption of electric vehicles and the growing demand for electric vehicle charging infrastructure increases demand for electric vehicle supply equipment. The growing innovation in smart grid integration, battery technology, and charging infrastructure helps in the market growth. The growing consumer preference for sustainable transportation and technological advancements in electric vehicle technology drive the overall growth of the market.

North America Charges Ahead: Notable Growth Accelerates the Electric Vehicle Supply Equipment Market

North America's Electric Vehicle Supply Equipment (EVSE) market is witnessing notable growth as electric vehicle adoption rises rapidly across passenger and commercial segments. Strong government incentives, expanding public and private charging infrastructure, and increasing investments by automakers and utilities are accelerating the deployment of fast and ultra-fast charging solutions. Additionally, the growing focus on grid modernization, smart charging technologies, and interoperability standards is strengthening the region's EV charging ecosystem, positioning North America as a key hub for EV infrastructure development.

Value Chain Analysis

• Raw Material Sourcing (Steel, Plastics, Electronics): Literally, raw materials are all materials from which a finished product is derived in many ways. Such materials may include steel used for the enclosures and plastics for housings and internal components; electronic parts such as semiconductor chips, microcontrollers, and power electronics used in the construction of an EVSE.

Key Players: SABIC, DuPont de Nemours, Inc.

• Component Manufacturing (Power electronics, cables, etc.): This stage deals with the manufacturing of various specialized high-quality hardware components, which include PCBs, cable assemblies, connectors, thermal management systems, and other electronics that enable power delivery to be performed safely and efficiently.

Key Players: Delta Electronics and ABB

• Vehicle Assembly and Integration (EVSE Assembly and Software Integration): Assembly of this and other charging stations stems from integration, via control software, of hardware, network connectivity, and other intelligent charging features.

Key Players: Tata Power, Delta Electronics

• Testing and Quality Control: Involving testing the product at every level throughout the manufacturing process against the standards and benchmarks of safety, performance (charging efficiency), interoperability (with the EVs of the various manufacturers), and reliability.

Key Players: TÜV Rheinland, DEKRA

• Distribution to dealers and OEMs: This includes the logistics of packaging, storing, and shipping the finished EVSE units to retailers, installation contractors, and OEMs who may bundle charging equipment with their vehicles.

Key Players: Tata Motors, Mahindra, and MG Motor

Electric Vehicle Supply Equipment MarketCompanies

• Chargemaster PLC: Chargemaster PLC offers a full range of Electric Vehicle Supply Equipment (EVSE) for business, home, and public use, providing hardware such as charging units, functioning as a large UK charging network, and offering installation, maintenance, and even network management services, making them a contributing UK supplier of EV charging infrastructure.
• ClipperCreek Inc.: Chargemaster PLC offers hardware such as charging units, operating a large UK charging network, and offers installation, maintenance, and even network management services, making them a contributing UK supplier of EV charging infrastructure.

Other major Key Players

• ABB Ltd.
• AeroVironment Inc.
• ChargePoint Inc.
• Eaton Corporation
• SemaConnect Inc.
• Leviton Manufacturing Co. Inc.
• Schneider Electric S
• Tesla Inc.
• Siemens AG
• Webasto SE
• EVOTEC AG
• Delta Electronics Inc.

Market Segmentation

By Power Type

• DC Power
  • Level 1
  • Level 2
  • Level 3
• AC Power
  • Level 1
  • Level 2
  • Level 3

By Product

• EV Charging Kiosk
• Portable Charger
• Onboard Charging Station
• Others

By Charging Station Type

• Super Charging
• Normal Charging
• Inductive Charging

By Application

• Residential
• Commercial
  • Highway Charging Station
  • Destination Charging Station
  • Fleet Charging Station
  • Bus Charging Station
  • Others

By Region

• North America
• Latin America
• Europe
• Asia-pacific
• Middle and East Africa