Electric Vehicle Charging Infrastructure Market Size, Share and Forecast Analysis to 2030

Jackson Harris
Oct 10
4 min read

Future of Electric Vehicle Charging Infrastructure Market: Key Dynamics, Size & Share Analysis

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.

Top Challenges Impacting the Electric Vehicle Charging Infrastructure Market Growth

High Costs & Compatibility Issues Hinder Market Growth – The charging requirement for every vehicle type is different since they need different types of chargers based on the voltages. As a result, there is a need to achieve uniformity in the charging stations for electric vehicles. Moreover, these charges are based on advanced technologies, owing to which the cost of the charging equipment as well as the complete cost of the charging infrastructure is relatively high. According to DIYguru Mobility Pvt Ltd., the overall price to establish a charging station in India is approximately USD66,000. These costs differ from nation to nation based on the availability of the chargers, land cost, and construction cost. This higher cost refrains the consumers from setting up a charging infrastructure, hampering market growth. Also, governments of underdeveloped countries have made getting a permit to install an electric vehicle charging station tedious, including various complex stages in the process, which is slowing down the EV charging industry's growth.

Understanding the Core Segments in the Electric Vehicle Charging Infrastructure Market

Electric Vehicle Charging Infrastructure Market Size, Share & Industry Trends Analysis- By Charger Type (Wall Mounted, Pedestal Mounted, Roof Mounted), By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Medium & Heavy Commercial Vehicles), By Location (Residential, Commercial), By Power Output (Upto 50kW, 50.1kW-300kW, Above 300kW), and Others.

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Geographical Analysis of the Electric Vehicle Charging Infrastructure Market

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

Geographically, Asia-Pacific holds a noteworthy market share in the Global Electric Vehicle Charging Infrastructure Market.

Who Dominates the Electric Vehicle Charging Infrastructure Market Insights on Key Industry Players?

Companies are strengthening their presence in the consumer electronics market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.d

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

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