PUBLISHER: The Business Research Company | PRODUCT CODE: 1712426
PUBLISHER: The Business Research Company | PRODUCT CODE: 1712426
Electric vehicle charging station equipment refers to devices that facilitate the connection of an electric vehicle to an electricity source for the purpose of recharging the vehicle's battery.
These charging station equipment types include AC charging, DC charging, and inductive charging, each of which is used with various types of electric vehicles, including battery electric vehicles (BEV), plug-in electric vehicles (PHEV), and hybrid electric vehicles (HEV). AC charging involves converting power from alternating current (AC) to direct current (DC) and then delivering it to the vehicle's battery. There are different levels of charging in electric vehicle charging station equipment, including level one charging (utilizing 120 volts), level two charging (using 240 volts), and DC fast charging (operating at 480 volts). These charging options cater to different needs and charging speeds for electric vehicles.
The electric vehicle charging stations equipment market research report is one of a series of new reports from The Business Research Company that provides electric vehicle charging stations equipment market statistics, including electric vehicle charging stations equipment industry global market size, regional shares, competitors with an electric vehicle charging stations equipment market share, detailed electric vehicle charging stations equipment market segments, market trends and opportunities, and any further data you may need to thrive in the electric vehicle charging stations equipment industry. This electric vehicle charging stations equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The electric vehicle charging stations equipment market size has grown exponentially in recent years. It will grow from $259.02 billion in 2024 to $351.76 billion in 2025 at a compound annual growth rate (CAGR) of 35.8%. The growth in the historic period can be attributed to growing ev adoption, environmental concerns, government incentives, technological advancements, range anxiety mitigation.
The electric vehicle charging stations equipment market size is expected to see exponential growth in the next few years. It will grow to $1041.46 billion in 2029 at a compound annual growth rate (CAGR) of 31.2%. The growth in the forecast period can be attributed to expanding ev market, government support, green energy transition, urbanization and population density. Major trends in the forecast period include ultra-fast charging, ev charging apps, wireless charging, v2g technology.
The growth of the electric vehicle (EV) charging stations equipment market is being driven by national and international legislative policies aimed at promoting electric vehicles (EVs). These policies include incentives for investors to purchase EVs and install charging stations, which in turn boosts the electric vehicle charging stations equipment market. For example, the German government has introduced an enticing scheme offering a direct discount of $4,520 to EV buyers, and Norway provides public funding for charging stations every 50 kilometers, contributing to the expansion of the EV charging stations market and, consequently, the electric vehicle charging stations equipment market.
The increasing demand for charging points is expected to be a significant factor propelling the growth of the electric vehicle charging station equipment market. Charging points are dedicated facilities where electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs) can be recharged with electricity. Electric vehicle charging station equipment utilizes charging points or connectors to facilitate the charging process, allowing EVs to receive electrical power from the charging station. For instance, in April 2023, according to data published by the International Energy Agency, a France-based intergovernmental organization, the global number of public charging points reached 2.7 million by the end of 2022, with over 900,000 installed that year, marking a 55% increase compared to the total in 2021. Therefore, the rising demand for charging points is driving the growth of the electric vehicle charging station equipment market.
Leading companies in the electric vehicle charging stations equipment market are prioritizing partnerships to introduce advanced products like the fastest EV chargers, aiming to broaden their market presence. An EV charger is a device designed to recharge electric vehicle batteries by transferring energy from a power source. These chargers range from basic home units to sophisticated public fast-charging systems, fostering the efficient adoption of electric vehicles. For instance, in May 2022, ABB Ltd., a Switzerland-based automation manufacturing company, partnered with Shell Inc., a US-based oil and gas company, to launch the **Terra 360**. Known as the fastest all-in-one EV charger worldwide, the Terra 360 is poised to revolutionize EV charging in Germany. Through a collaboration between ABB E-mobility and Shell, more than 200 units will be installed across the country within a year. This initiative is designed to improve charger accessibility and speed for Germany's 1.7 million EV drivers. The Terra 360 offers remarkable performance, capable of delivering 100 kilometers of range in under three minutes.
Major companies operating in the electric vehicle charging station equipment market are focusing on developing innovative products, such as advanced DC fast chargers, to provide reliable, high-performance, and efficient charging solutions for EVs. An advanced DC fast charger delivers DC electricity directly to electric vehicle batteries, enabling rapid recharging typically from 0 to 80% in 15 to 45 minutes, significantly reducing charging time compared to traditional AC chargers. For instance, in November 2023, The Lincoln Electric Company, a U.S.-based provider of welding, cutting, and brazing products, launched the Velion DC Fast Charger. This advanced charging station provides up to 150 kW output, supporting a voltage range of 200-1000V DC and up to 150A, ensuring fast and efficient charging. It is engineered for reliability with 97% uptime and operates in temperatures from -31°F to 122°F, making it suitable for diverse environmental conditions and further enhancing the EV charging infrastructure in the U.S.
In June 2022, Blink Charging Co., a US-based provider of electric vehicle (EV) charging equipment and services, acquired SemaConnect for an undisclosed amount. This acquisition positions Blink Charging as the sole EV charging business to offer complete vertical integration, spanning EV charger ownership, operations, research and development, and production. SemaConnect Inc. is a US-based company specializing in EV charging infrastructure solutions.
Major companies operating in the electric vehicle charging stations equipment market include ABB Ltd., Siemens AG, The New Motion BV, Tesla Motors Inc., ClipperCreek Inc., DBT SA, Chargemaster PLC, Engie SA, Fortum Oyj, Leviton Manufacturing Co, Qualcomm Inc., Robert Bosch GmbH, Schneider Electric SE, AeroVironment Inc., National Thermal Power Corporation, Mahindra Reva Electric Vehicles Pvt Ltd., Tata Power Ltd., ACME Group, ChargePoint Inc., BP PLC, Shell PLC, Webasto SE, Hyundai Motor Company, RWE AG, Mercedes-Benz Group AG, EVBox, Southern California Edison, San Diego Gas and Electric Co, PG&E Corporation, Blink Charging Co
Asia Pacific was the largest region in the electric vehicle charging stations equipment market in 2024. The regions covered in the electric vehicle charging stations equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the electric vehicle charging stations equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada
The electric vehicle charging stations equipment market consists of sales of alternating current(AC) charging, direct current(DC) charging, and other electric vehicle charging station equipment. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Electric Vehicle Charging Stations Equipment Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on electric vehicle charging stations equipment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for electric vehicle charging stations equipment ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The electric vehicle charging stations equipment market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.