Electric Vehicle Charging Infrastructure Market Hits USD 20.22 Billion in 2023, With an Estimated CAGR of 18.12% by 2030

This comprehensive Global Electric Vehicle Charging Infrastructure Market report by “MarkNtel Advisors: Leading Market research Company” offers valuable insights into the current and future market landscape, providing clarity on potential challenges and strategies for optimal brand positioning. It features detailed market segmentation, in-depth analysis of key market players, emerging trends in consumer behavior and supply chain dynamics, and opportunities in new geographical markets. With the insights from this report, you can manage your marketing strategies for goods and services more effectively.

According to recent market analysis report, the Global Electric Vehicle Charging Infrastructure Market which was USD 20.22 billion in 2023, expected to grow at a CAGR of 18.12% during the forecast period of 2024 to 2030.

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Electric Vehicle Charging Infrastructure Market Trend

Introduction of Smart EV Charging Stations – The latest EV charging stations have advanced features such as smart metering and better cellular capability. In addition, these infrastructures are enabled with better back-end technology that provides real-time data from linked charging devices. As a result, such infrastructures handle various critical electric signals such as erratic energy output and electricity fluctuation.

This is turning EV charging into smart charging and establishing a more sustainable energy system based on renewable energy sources. Also, smart EV charging infrastructure automatically identifies the electric vehicle alongside the driver and establishes the link between the rider and the charging station. This provides consumers more flexibility, owing to which, there has been a surge in the adoption and demand for such an effortless charging station across the globe, uplifting the electric vehicle charging stations market and leading to EV charging stations growth.

Market Segment Highlights:

By Charger Type

• Wall Mounted- Market Size & Forecast 2019-2030, (USD Million)
• Pedestal Mounted- Market Size & Forecast 2019-2030, (USD Million)
• Roof Mounted- Market Size & Forecast 2019-2030, (USD Million)

By Vehicle Type

• Passenger Cars- Market Size & Forecast 2019-2030, (USD Million)
• Light Commercial Vehicles- Market Size & Forecast 2019-2030, (USD Million)
• Medium & Heavy Commercial Vehicles- Market Size & Forecast 2019-2030, (USD Million)

By Location

• Residential- Market Size & Forecast 2019-2030, (USD Million)
• Commercial- Market Size & Forecast 2019-2030, (USD Million)

Of them all, Commercial holds a dominant market share in the Global Electric Vehicle Charging Infrastructure market. With the momentous shift to electric vehicles, there is an increasing demand for public electric vehicle charging infrastructures. However, currently, the execution of charging infrastructure has yet to keep up with the rush in sales of electric automobiles. As per the Electric Mobility report, the US needs approximately 1.2 million public chargers. Therefore, the companies are laying growth strategies to set up the charging stations and cater to the growing demand for public charging stations.

By Power Output

• Upto 50kW- Market Size & Forecast 2019-2030, (USD Million)
• 1kW-300kW- Market Size & Forecast 2019-2030, (USD Million)
• Above 300kW- Market Size & Forecast 2019-2030, (USD Million)

Electric Vehicle Charging Infrastructure Market Regional Outlook:

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific.

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Electric Vehicle Charging Infrastructure Market Competition Analysis:

Some of the top Electric Vehicle Charging Infrastructure companies operating in the market are ABB, Tesla, Eaton, Pod Point, General Electric, Schneider Electric, BYD, Siemens, Evgo, and EVBOX and others.

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