Global Electric Vehicle Charging Infrastructure Market Size was valued at USD 2.27 billion in 2016 and is anticipated to witness a steep rise by generating an estimated revenue of US$ XX. XX over the forecast period. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 40.57% during the forecast period, i.e. 2017-2025.

Global Electric Vehicle Charging Infrastructure Market Growth Opportunities (Revenue, Growth) By 2017-2025

The Indian Government has finally announced a policy for the rollout of electric vehicle charging infrastructure. This rollout announced in the circular is that the setting up of these charging stations will be a de-licensed activity and thus the rollout of these charging stations are expected to be quite rapid. The charging station will also be free to obtain electricity from any power company through the open access system.

Market Dynamics

Electric Vehicle Charging Infrastructure market was valued at USD 2.27 billion in 2016. The market is expected gain a positive traction during the forecast period. The Electric Vehicle Charging Infrastructure market is primarily driven by increasing demand of the electric vehicles across the globe, which has directly influenced the sales of the electric vehicles. Similarly, low maintenance and operation cost features are further attracting more consumers towards electric vehicles, which, in turn, is boosting the demand for electric vehicle charging stations

Additionally, government supporting and introducing new initiatives to drive the growth of EV and EV charging station industry is boosting the growth of the electric vehicle (EV) charging station market. In addition, the price of fuel is constantly increasing which is urging the people to look for better and other energy efficient alternative.

Segment Analysis 

Based on the batery type, the Electric Vehicle Charging Infrastructure market is segmented as AC charging points, and DC charging points. The ability of DC charging stations to charge an EV in lesser time compared to AC charging stations is the primary driving factor for the high growth rate of former in the electric vehicle charging stations market. Also, the increasing popularity of public charging stations is boosting the demand for DC charging stations. Furthermore, automakers are planning to invest in DC fast charging network to support their launch of long-range battery electric vehicles (BEVs).

On the basis of installation, the electric vehicle charging infrastructure market is segmented as residential, commercial installations. Commercial installations to hold the largest market share owning to the increased deployment of charging stations at public places such as shopping malls, commercial buildings, airports, and restaurants. The convenience of being able to use an EV charger while shopping or during office hours is expected to boost the adoption of electric vehicles.

Regional Analysis

Asia Pacific is expected to be the fastest growing and the major contributor in the for the market growth in the coming years. The major factors contributing the market growth in the region is the increased demand for the electric vehicles in the developing countries like China, and India. Additionally, South Korea and India are taking initiatives to reduce greenhouse gas emissions by increasing the use of EVs. For instance, India, one of the largest contributors of greenhouse gases, has pledged to phase out petrol and diesel cars by 2030. This initiative by the Indian government is expected to create a huge demand for EVs and EV charging infrastructure in the country.

Global Electric Vehicle Charging Infrastructure Market Size, Share Analysis By Region 2017

Electric Vehicle Charging Infrastructure Market: Secondary Research

To recognize and collect authentic and market-oriented information crucial for the research study, several secondary sources have been approached and referred. Press releases, white papers, companies annual reports, investor presentations, and articles present on trustworthy websites, databases, and certified publications are some of the significant secondary research sources that have been used to prepare the report. The data collected as secondary data have been obtained from various reliable journals and associations such as Smart Ticketing Alliance, Association of Professional Social Compliance Auditors, General Service Administration, Department of Transportation, and Association for Intelligent Transport Systems to reach to the market numbers or size. The data obtained through secondary sources has been validated through primary research.

Electric Vehicle Charging Infrastructure Market: Primary Research

For conducting primary research, several primary sources of the demand as well as supply sides have been approached and interviewed for obtaining quantitative and qualitative information crucial for the report. Vice Presidents, CEOs, technology directors, Product Managers, Marketing Directors and other executives of giant market players and organizations operating in Electric Vehicle Charging Infrastructure Market are included as primary sources of the supply side.

After performing comprehensive engineering of electric vehicle charging infrastructure market (which includes market size estimations, calculations regarding market statistics, market forecasting, data triangulation, and market breakdown), detailed and vast primary research has been carried out to collect information along with verifying and validating the significant and critical market numbers arrived at.

Key Players

Major players operating in global Electric Vehicle Charging Infrastructure market include ABB Group, AeroVironment, Inc., Elektromotive Limited, ChargePoint, Inc., Schneider Electric SE, Chargemaster Plc, Eaton Corporation, Siemens AG, SemaConnect, Inc., ClipperCreek, Inc., Tesla Motors, Inc., Delphi Automotive LLP, General Electric Company, and Leviton Manufacturing Co., Inc.

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