Exploring Electric Vehicle Charging Infrastructure Market: Rising Trends, Opportunities and Challenges Forecast 2030

A Quick Overview of Electric Vehicle Charging Infrastructure Market

The key object of this report on the Electric Vehicle Charging Infrastructure Market is to offer worthy data and a geographical perspective for predictions of market growth in the future. The recommendations added in this detailed report are insightful, and actionable offering a deep understanding of the industry. Moreover, it includes a comprehensive importance of aspects that have impacted the industry.

MarkNtel Advisors has recently studied an extensive market intelligence evaluation on the Electric Vehicle Charging Infrastructure Market. Also, the newly released report exhibits an engaging format that comprises compelling graphs, tables, charts, and figures as well. These seamlessly combined visual aids are designed to support the clarity and accuracy of the details presented, offering analysts a deep knowledge of the topic at hand.

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Electric Vehicle Charging Infrastructure Market Scenario:

The Global Electric Vehicle Charging Infrastructure Market size is valued at USD 20.22 billion in 2023 & is estimated to grow at a CAGR of around 18.12% during the forecast period, i.e., 2024-30. The Global Electric Vehicle Charging Infrastructure market is witnessing significant growth due to factors such as the increasing transition towards sustainable & eco-friendly vehicles and the rising implementation of government policies to build charging stations.

In recent years, there has been a rise in transportation activities owing to which the carbon emission levels across the globe have significantly increased. According to the International Energy Agency (IEA), in 2023, the carbon emissions reached approximately 37.40 billion tonnes, an increase of about 250 million tonnes compared to 2022. These emissions result in environmental degradation & negatively impact human health by causing respiratory issues. Therefore, there is a meaningful need for electric mobility to resist these increasing levels of carbon dioxide emissions and other hazardous, harmful pollutants caused by transportation. Hence, individuals are transitioning from internal combustion engine vehicles to electric automobiles. Consequently, there is a growing demand for electric vehicle charging infrastructure across the globe, enlarging EV Charging Infrastructure Market Size.

Electric Vehicle Charging Infrastructure Market - Industry Dynamics, Size, And Opportunity Forecast To 2030:

Market Driver - Increasing Sales of Electric Vehicles to Support Market Growth

Countries like China, The US, and Germany are recording an increase in the sales of EVs. Based on the study conducted by the IEA, the sales of electric vehicles reached almost 14 million units in 2023 and the European countries, the US, and China accounted for almost 95% of the total EV sales. This burgeoning demand for electric automobiles is resulting in a higher demand for the proper charging infrastructure. As a result, companies are increasingly building EV charging stations in these regions.

Additionally, consumers in several regions are refraining from opting the EVs due to their limited range of issues. According to an online report by the leading car company, almost 40% of consumers worldwide experience range anxiety. Therefore, to eradicate these issues and boost electric vehicle sales, companies are increasingly building the largest EV stations, amplifying the Electric Vehicle Charging market.

Furthermore, as advanced technology is penetrating and propelling EV sales, technologically advanced charging infrastructures are also gaining traction. EV charging companies are integrating emerging technologies to provide consumers with options to discover local charging stations and receive real-time information on vacant slots. This convenience of schedule provided by the advanced EV charging stations would scale up the EV charging industry and drive the Global EV Charging Infrastructure Market.

Electric Vehicle Charging Infrastructure Market Segmentation Analysis:

Electric Vehicle Charging Infrastructure Industry, analyzes, identifies, and highlights the main trends and drivers which are affecting each segment of the market. The market has been further divided into the following categories:

By Charger Type

Wall Mounted- Market Size & Forecast 2019-2030, (USD Million)
Pedestal Mounted- Market Size & Forecast 2019-2030, (USD Million)
Roof Mounted- Market Size & Forecast 2019-2030, (USD Million)

By Vehicle Type

Passenger Cars- Market Size & Forecast 2019-2030, (USD Million)
Light Commercial Vehicles- Market Size & Forecast 2019-2030, (USD Million)
Medium & Heavy Commercial Vehicles- Market Size & Forecast 2019-2030, (USD Million)

By Location

Residential- Market Size & Forecast 2019-2030, (USD Million)
Commercial- Market Size & Forecast 2019-2030, (USD Million)

By Power Output

Upto 50kW- Market Size & Forecast 2019-2030, (USD Million)
1kW-300kW- Market Size & Forecast 2019-2030, (USD Million)
Above 300kW- Market Size & Forecast 2019-2030, (USD Million)

By Region

North America
South America
Europe
The Middle East & Africa
Asia-Pacific.

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Who are the Key Market Players in the Electric Vehicle Charging Infrastructure Market?

In the fast-changing Electric Vehicle Charging Infrastructure Market, understanding what our competitors are doing is crucial. By carefully analyzing things, we figured out some of the dominating players in the industry. So, the top companies of the Electric Vehicle Charging Infrastructure market ruling the industry are:

List of Key Companies Profiled:

ABB
BYD
Eaton
EVBOX
EVgo
General Electric
Pod Point
Schneider Electric
Siemens
Tesla
Others.

Global Electric Vehicle Charging Infrastructure Recent Development:

2024 Years: ABB Launched a new charger that provides about 99% charging success rates, almost 97% uptime, and fast service response.

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