Electric Vehicle Charging Stations Market | Exactitude Consultancy

Exactitude Consultancy Latest Published Electric Vehicle Charging Stations Market Research Report 2022 by Charger Type (Fast, Slow/Moderate), By Application (Commercial, Residential) and by Region (North America, Europe, Asia Pacific, South America, Middle East and Africa), Global trends and forecast from 2023 to 2028

The global Electric Vehicle Charging Stations Market is expected to grow at 21% CAGR from 2023 to 2028. It is expected to reach above USD 110 billion by 2028 from USD 20 billion in 2022.

Based on charger type, the market is segmented into fast and slow/moderate chargers. The fast charger segment commands a sizable market share. During the forecast period, the segment fast charger will grow at an exponential rate due to the charger’s ability to charge vehicles in a short period of time. Furthermore, its ability to protect car batteries while charging will benefit market growth.

Based on the application, this market is segmented into commercial and residential. The residential application segment accounts for a sizable share of the electric vehicle charging station market and is expected to dominate during the forecast period. This is due to an increase in EV sales, as well as an increase in charging infrastructure.

In the coming years, the commercial segment will experience significant growth, fueled by rising government funding for the development of public charging stations.

Major charging station providers such as ABB (Switzerland), Shell (Netherlands), ChargePoint (US), Tesla (US), and BYD dominate the electric vehicle charging station market (China).

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