EV Charging Infrastructure (EVSE) Market Analysis
PTR’s EV Charging Infrastructure Market Service aims to cover the market of EV Charging hardware in an unparalleled detail. The purpose of the service is to help you explore this double-digit growth market so you can align your product and market strategy to capture the maximum benefit and mitigate risks by planning in time to prepare to address this 2.5 billion USD market.
Globally, EV charging market is expected to grow with a CAGR of 21% in the next five years, within which, public charging and private charging infrastructure are expected to grow with a CAGR of 18% and 23% respectively between 2020-2025. There was a promising 90% increase in annual additions of DC charging points globally from 2019-2020. APAC has the highest number of DC chargers installed with 332,000 charging points out of which almost 93% are in China. While the DC fast charging is gaining significant traction in the market, supported by increasing battery sizes, AC charging would still hold the majority share in public charging infrastructure.
Residential charging is generally driven by incentives provided by country governments; hence government policies and budgets play a significant role in EVSE installations at homes. Whereas the tendency to buy a residential charger is much higher for people owning a battery electric vehicle compared to plug in hybrid vehicles; hence countries with higher number of PHEVs have lesser residential chargers. Globally, there are around 3.1 million residential chargers for more than 10 million passenger electric vehicles.
Another large segment of private EV charging, after residential, is the commercial vehicles charging points. AC charging is the preferred mechanism for overnight charging of light commercial vehicles, buses and trucks, but in case of opportunity charging, DC charging is being more favored. This trend is expected to remain the same over the years considering the charging the need of such vehicles.
We are also observing that Oil giants are diversifying into the EV charging business, by either using the current infrastructure of gas stations to install chargers or by acquiring CPOs (Charge Point Operators) and EMSPs (Electric Mobility Service Providers). Furthermore, it is expected that vehicles owned by governments and large multinational companies are expected to electrify their fleets before widespread adoption of electric passenger vehicles by public in most countries.
In this service, the market size is segmented by three different lenses: Charger Capacity or Size, Charger Application and Charger Customer. Market sizing by capacity rating is aimed to help you create your product strategy by understanding the demand of AC and DC chargers across various sizes for public and private applications. Market sizing by Application focuses on end applications including Residential, Workplace, Depot, Destination and Enroute charging, which enables you to understand the growth drivers of the market in detail looking at the end-application segments and how their plans of EVSE incorporation are affecting the market. Lastly, the segmentation by charger owner gives a clear picture of who is buying these chargers as the end-application and the actual owner/operator of the EV charger can sometime be very different e.g., a Utility installing the charger on a highway (enroute).
Key Questions Addressed in the Service
- Which countries present the largest opportunity in the next 5 years?
- What are the different EVSE technology trends around the world?
- Which charging infrastructure manufacturers are dominating the regional and top EV markets?
- Which applications are dominating the EVSE market?
- Who are the owners of the EVSE infrastructure?
- What are the different trends of charging by vehicle type?
Scope of Research – EV Charging Infrastructure
- EV Types – Market Sizing
- EV Charger-Market Sizing
- Average Pricing for Chargers (3-Case scenario)
- Countries in Scope
- Supplier Analysis – Competitive Positioning
- Companies covered
EV Charger - Market Sizing
Average Pricing for Chargers (3-Case scenario)
Country specific pricing for 20 countries, with current prices and estimated prices for forecast years for the following:
Countries in Scope
This service covers global market analysis, forecasts, growth predictions and opportunities for Electric Vehicle Supply Equipment (EVSE) Charging Points in 20 key countries in EMEA, APAC and Americas.
Report and Analysis in Power BI
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