Electric Vehicle Charging Station Market Size Analysis and Top Companies
The global electric vehicle charging station market size is projected to hit around USD 344.61 billion by 2032 from USD 34.59 billion in 2023 with a remarkable CAGR of 29.1% from 2023 to 2032. The top companies operating in the electric vehicle charging station are ABB Ltd., ChargePoint, Inc., EVgo Services LLC. Allego, Scheinder Electric, Blink Charging Co., Wi Tricity Corporation, Toshiba Corporation, AeroViroment, Inc., Mojo Mobility, Inc., General Electric, Robert Bosch GmbH, Chargemaster plc., Evatran Group, HellaKGaAHueck& Co., Siemens AG, Leviton Manufacturing Co., Inc., Efacec, Alfen N.V., Denso Corporation, Elix Wireless, Tesla Inc., ClipperCreek, Engie, Infineon Technologies AG, Qualcomm Technologies, Inc., and others.
Market Report Coverage
| Report Highlights |
Details |
| Market Size in 2023 |
USD 34.59 Billion |
| Market Size by 2032 |
USD 344.61 Billion |
| Growth Rate from 2023 to 2032 |
CAGR of 29.1% |
| Largest Market |
Asia Pacific |
| Fastest Growing Market |
Europe and North America |
| Base Year |
2022 |
| Forecast Period |
2023 to 2032 |
| Segments Covered |
Charging Station Type, Power Output, Supplier Type, End User, Geography |
Electric Vehicle Charging Station Key Players
- Leviton Manufacturing Co., Inc.
- Qualcomm Technologies, Inc.
Recent Developments
- Chargemaster PLC declared the acquisition of infrastructure supplier Elektromotive Limited, as well as its subsidiary, in 2017. The former intended to enhance its existing portfolio and client offerings with this acquisition. Chargemaster PLC, the UK's top provider of electric vehicle chargers and operator of the country's largest electric vehicle charging network, was bought by BP PLC in 2018. Chargemaster PLC was renamed BP Chargemaster after the acquisition. BP PLC was able to construct a fast and ultra-fast charging network on its forecourts in the UK as a result of the acquisition.
- In October 2022, The CP6000, ChargePoint's most adaptable and reliable global AC EV charging solution, has been launched by ChargePoint Holdings, Inc. a leading provider of electric vehicle (EV) charging networks. It is now accessible for vehicles of all shapes and sizes.
- In October 2022, Wall Connector, a home charging station compatible with other electric vehicles, is introduced by Tesla.
- In September 2022, Shell unveiled its first EV charger for India's two- and four-wheeled vehicle markets. The initial market for Shell's two-wheeler chargers in India. The firm wants to provide its clients with safe, environmentally friendly, and integrated mobility solutions through the Shell Recharge Stations, therefore it expects to install more than 10,000 charging stations across India by 2030. All of the energy used by the Shell Recharge chargers is renewable.
- In February 2022, With the Ford Charge Station Pro, a specially designed electric vehicle (EV) charger for the Ford F-150 Lightning, Siemens eMobility announced that it has collaborated with Ford. The newly enlarged Underwriters Laboratories (UL) 9741, a significant industry standard that assures goods fulfill safety criteria, has certified this cutting-edge charger as the first bidirectional-ready EV solution that is slated for delivery at the retail customer scale. The new charging station also has a 19.2 kW peak power, which is the highest power rating currently offered for a Level 2 charging station.
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