The global electric vehicle charging infrastructure market is forecast to reach USD 147.94 Billion by 2030, according to a new report by Reports and Data. Governments across the globe are investing heavily in the charging infrastructure to create opportunities for the OEMs to expand their business and revenue. The Asia Pacific and European regions are leading the adoption of these vehicles to curb the level of air pollution and emission of greenhouse gases (GHGs).
However, the high cost required in the initial investment, overhaul, and maintenance is hindering the market's development. The dramatic reduction in local air pollution, greenhouse gas emissions and resulting climate change impacts, and less oil usage from the transport sector due to the usage of electric vehicles promise a breakthrough in the future transportation sector.
The EV30@30 projects a policy case emphasizing the widespread adoption of electric vehicles (EVs), which is in line with the EV30@30 campaign, which started at the Eighth Clean Energy Ministerial in the year 2017. The campaign set the combined ambitious target for all EVI (Electric Vehicle Initiative) members of a 30.0% share of the market for EVs in total vehicles (excluding two-wheelers) by the year 2030. Under the EV30@30 Scenario, electric vehicle sales are likely to reach 44 million vehicles/year by 2030.
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Some of the key players operating in the Electric Vehicle Charging Infrastructure market include:
Chargepoint, Inc., ABB Ltd., Tesla Inc., BP Chargemaster, EVGO Services LLC, Semaconnect Network, Greenlots, and EV Connect, among others.
Segments covered in the report:
Infrastructure Provider Outlook (Revenue, USD Million; Volume, Thousand Units; 2017-2030)
- Charging Point Operator (CPO)
- E-Mobility Service Provider (EMSP)
- Charging Hubs
Charging Infrastructure Type Outlook (Revenue, USD Million; Volume, Thousand Units; 2017-2030)
- Normal Charging
- Tesla Supercharger
- TYPE-2 (IEC 62196)
Charging Level Outlook (Revenue, USD Million; Volume, Thousand Units; 2017-2030)
- Level 1 (120 V)
- Level 2 (208 V – 240 V)
- Level 3 (UPTO 600 V)
Vehicle Type Outlook (Revenue, USD Million; Volume, Thousand Units; 2017-2030)
- Electric bike
- Plug-in hybrid PHEV
- EV passenger cars
- Heavy delivery vans
Installation Type Outlook (Revenue, USD Million; Volume, Thousand Units; 2017-2030)
- Portable Charger
- Fixed Charger
Application Outlook (Revenue, USD Million; Volume, Thousand Units; 2017-2030)
On the basis of regional analysis, the market is segmented into key geographical regions such as North America, Europe, Asia-Pacific, Latin America, and Middle East Africa. According to the analysis, North America is expected to dominate the market with the highest market share. Asia-Pacific is anticipated to show a significant growth rate owing to rising development and population demands.
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Beneficial Aspects of the Report:
- Global and region forecast of the Electric Vehicle Charging Infrastructure market from 2020-2027
- In-depth analysis of market dynamics, industry outlook, market size based on types and applications
- Details of value chain analysis, supply and demand ratio, production and consumption patterns
- SWOT Analysis, Porter’s Five Forces Analysis, Feasibility Analysis, and Investment Return Analysis to provide a better understanding of the market and competitive players
- Detailed insights on competitive landscape and emerging market trends
The market report is formulated on the basis of data obtained through extensive primary and secondary research. The data is further validated and verified by industry experts, research analysts, and professionals. The report considers regional demand and supply ratio, investments, market dynamics, capacity, end-use industry trends, and consumer behavior to generate a forecast report. The data is collected from verified sources such as government policies, regulatory published materials, journals, trade magazines, and verified data sources. The report uses advanced analytical tools such as SWOT Analysis, Porter’s Five Forces Analysis, Feasibility Analysis, and Investment Return Analysis to provide an accurate insight into the market scenario and competitive landscape. This report provides beneficial information to companies and new players to make lucrative business decisions. The market estimates and forecast data have been thoroughly verified through exhaustive primary research.
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