Global Electric Vehicle Charging Stations Market– Industry Trends and Forecast to 2025

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Global Electric Vehicle Charging Stations Market
Global Electric Vehicle Charging Stations Market
accounted value of USD 49.74 billion at a CAGR of
40.80 by 2025
The Global Electric Vehicle Charging Stations
Market is expected to reach USD 49.74 billion by
2025, from USD 3.22 billion in 2017 growing at a
CAGR of 40.80 during the forecast period of 2018
to 2025. The upcoming market report contains data
for historic year 2016, the base year of
calculation is 2017 and the forecast period is
2018 to 2025.
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Market Definition
Electric vehicles (EVs) use electric motors
powered by electrical energy stored in a battery
for propulsion. Various models of these types of
vehicles are available in the market with
variable choices and competences. To recharge
their battery, they are plugged in to a source of
electrical power. The trends related to the EV
technology are evolving. There are number of
fundamental EV design ideas that actually precede
gasoline internal ignition engines. To charge the
electric vehicles they are connected to an
electric vehicle charging equipment which are
also called as electric vehicle supply equipment
(EVSE). These are the defensive system which
connects with the vehicle and screens electrical
activity to ensure safe charging.  There are two
types of charging stations AC charging station
and DC charging station which can be installed
both residentially as well as commercially
according to the necessities.
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Market Segmentation

• By Vehicle Type
• (Battery Electric Vehicle, PlugIn Hybrid
  Vehicle)
• By Charging Station
• (AC Charging Station, DC Charging
  Station, Inductive Charging Station An Upcoming
  Technology),
• By Installation Type
• (Residential, Commercial),
• By Geography
• (North America, South America, Europe,
  Asia-Pacific, Middle East and Africa)

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Market Drivers and Restraints

• Government funding, subsidies and incentives
  expected to drive the EV and EV charging stations
  market
• Growing demand for electric vehicles increases
  the adoption of EV charging stations
• Growing concern toward environmental pollution
• Heavy investment from automakers in EVs
• High price and small distance covered by EVs
• Lack of standardization

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Major Market Competitors

• Engie
• Siemens
• Efacec
• EVGO
• Leviton
• Alfen
• Allego
• Blink Charging
• Semaconnect
• Tgood
• ABB Group
• AeroVironment, Inc.
• Elektromotive Limited

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