Electric Vehicle Charging Station Market report 2022-2030 by regional revenue, growth & trends analysis.

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Electric Vehicle Charging Station Market to amass
substantial returns by 2030
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Industry Overview

• According to the report, the global EV charging
  station market size may attain a valuation of
  over USD 119 billion by 2030.
• The rapid technological innovation and investment
  in electric vehicle businesses will strengthen
  the EV charging station industry forecast,
  especially in developing economies, cites the
  report. As per data from Colliers and Indospace,
  the EV segment in India is projected to record
  investments worth USD 12.6 billion across the
  automotive value chain in the next 5 years.
  Furthermore, the availability of surplus human
  resources and raw materials, along with
  macroeconomic indicators, will boost the
  development of electric vehicle charging
  stations.
• With regards to the current, the industry is
  divided into AC and DC. In recent years, charging
  station network providers, such as Ionity, have
  focused on the design of DC Fast Chargers. This
  EV charging technology was developed to allow
  users to charge their vehicles faster than the
  standard AC chargers. According to the Office of
  Energy Efficiency and Renewable Energy, nearly
  16 of 70,000 charging stations across the U.S.
  are DC fast chargers. This rising popularity will
  contribute to market expansion from the DC
  segment, which is set to exhibit a growth rate of
  over 29 through 2030, cites the report.

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• In terms of the charging site, the report
  bifurcates the industry into public and private
  segments. Due to the rising acceptance of
  e-mobility, the private segment registered
  revenue worth over USD 1.9 billion in 2021.
  According to the International Energy Agency, the
  number of registered EVs is projected to rise
  from nearly 10 million in 2021 to 145 million by
  2030. As EVs become more common worldwide, the
  bulk of the charging is expected to take place at
  home, thereby contributing to the popularity of
  private, home EV charging stations.
• The competitive landscape of the EV charging
  station market is inclusive of Blink Charging
  Co., Volta Industries, Inc., Hyundai Motor
  Company, E.ON SE, BMW Group, ChargePoint, Inc.,
  and Eaton. These companies are leveraging
  advanced technologies and emphasizing business
  expansions to retain their foothold in the
  market. For example, in April 2021, E.ON SE
  launched Next Drive, a tariff-based and app
  bundle solution for EVs, which are charged in
  residential spaces. The solution was built to
  optimize EV charging to reduce carbon footprints
  and save costs by scheduling vehicle charging
  during off times.

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