Global Electric Vehicle Charging Stations Industry

Global Electric Vehicle Charging Stations Industry

  • July 2020 •
  • 274 pages •
  • Report ID: 5798460 •
  • Format: PDF
Global Electric Vehicle Charging Stations Market to Reach $64.4 Billion by 2027

Amid the COVID-19 crisis, the global market for Electric Vehicle Charging Stations estimated at US$7.4 Billion in the year 2020, is projected to reach a revised size of US$64.4 Billion by 2027, growing at aCAGR of 36.3% over the period 2020-2027. DC Charging Station, one of the segments analyzed in the report, is projected to record 38.9% CAGR and reach US$45.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the AC Charging Station segment is readjusted to a revised 31.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $2 Billion, While China is Forecast to Grow at 42.8% CAGR

The Electric Vehicle Charging Stations market in the U.S. is estimated at US$2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$15.8 Billion by the year 2027 trailing a CAGR of 42.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 30% and 34.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 32.4% CAGR.We bring years of research experience to this 6th edition of our report. The 274-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,
  • ABB Ltd.
  • AeroVironment, Inc.
  • Alfen N.V.
  • Allego
  • Blink Charging Co.
  • ChargePoint, Inc.
  • ClipperCreek, Inc.
  • EFACEC Group
  • ENGIE Group
  • EVgo Services LLC.
  • Leviton Manufacturing Co., Inc.
  • Schneider Electric SA
  • SemaConnect Inc.
  • Siemens AG
  • Tesla, Inc.
  • TGOOD Global Limited