| Study Period | 2019 - 2030 |
| Market Volume (2025) | 4.72 Million units |
| Market Volume (2030) | 15.71 Million units |
| CAGR | 27.20 % |
| Fastest Growing Market | Europe |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Global Electric Vehicle Charging Equipment Market Analysis
The Global Electric Vehicle Charging Equipment Market size in terms of installed base is expected to grow from 4.72 million units in 2025 to 15.71 million units by 2030, at a CAGR of 27.2% during the forecast period (2025-2030).
- Over the medium term, growth in electric vehicle sales and companies investing in commissioning new charging stations are expected to drive the market in the forecast period.
- On the other hand, the negative impact on the environment is expected to hamper the market’s growth in the forecast period.
- The development of charging technology for faster and more efficient charging is expected to create a significant opportunity in the market during the forecast period.
- Europe is expected to witness significant growth in the market over the forecast period.
Global Electric Vehicle Charging Equipment Market Trends
Increase in Electric Vehicle Sales is Expected to Drive the market
- Electric vehicles (EVs) have been gaining popularity worldwide due to their environmental benefits and technological advancements. As the sales of electric vehicles continue to rise, the need for charging infrastructure becomes increasingly important. The demand for EV charging equipment is rising to support the growing number of electric vehicles on the roads. EV charging stations are essential for providing convenient and accessible charging options for EV owners.
- For instance, according to the International Energy Agency, in 2022, around 7,300,000 battery electric cars were sold globally, compared to sales amounting to 4,600,000 units in 2021.
- Governments worldwide are increasingly focusing on encouraging the adoption of electric vehicles as part of efforts to reduce greenhouse gas emissions and combat climate change. To support this transition, governments are providing various incentives to promote the use of electric vehicles. These incentives can include financial incentives such as tax credits, rebates, grants, and subsidies, as well as non-financial incentives like access to preferential parking, bus lanes, and charging infrastructure.
- In February 2024, the Thai government’s decision to provide incentives for companies to transition their commercial fleets of large trucks and buses to battery electric vehicles was a significant step toward promoting sustainable transportation and reducing carbon emissions. The introduction of special tax deductions for eligible companies was aimed at encouraging the adoption of electric vehicles in the country’s transportation sector.
- Further, electric vehicle (EV) charging stations are becoming increasingly prevalent in small and mid-sized communities worldwide as part of efforts to promote sustainable transportation and reduce greenhouse gas emissions. The deployment of these charging stations is on the rise, driven by a growing demand for EV charging equipment.
- Thus, growth in electric vehicle sales is expected to drive the market growth during the forecast period.
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Europe is Expected to Witness Significant Growth
- The market for electric vehicle charging equipment is expected to witness growth due to the government's support in establishing charging sites, different companies opening their charging hub, and efforts to mandate EB chargers at gas stations.
- The European government has been working to grant permission for the installation of EV charging sites in various locations, including public spaces, residential areas, and commercial properties. This move has led to increased demand for EV charging equipment to support the growing number of electric vehicles on the road. The expansion of EV charging infrastructure in Europe is crucial for encouraging more consumers to switch to electric vehicles by addressing concerns about range anxiety and accessibility to charging stations.
- In February 2024, Fastned, a leading European electric vehicle (EV) charging company, was given the green light to set up 34 fast-charging sites along Germany’s highways. This development is part of the “Deutschlandnetz” tender, a strategic initiative that aims to enhance the EV charging infrastructure in Germany. Fastned’s expansion in Germany is a significant step toward achieving its ambitious target of establishing 1,000 fast charging stations across Europe by 2030.
- In Germany, companies are increasingly focusing on deploying their electric vehicle (EV) charging hubs across the country. This strategic move is aimed at expanding the infrastructure for electric vehicles and meeting the growing demand for EV charging equipment in Germany. Companies deploy EV charging hubs not only to facilitate the adoption of electric vehicles but also to reduce carbon emissions and promote sustainable transportation solutions.
- For instance, in November 2023, Mercedes-Benz, a renowned German automobile manufacturer, opened its first proprietary charging hub in Mannheim, Germany. This initiative is part of the company’s ambitious plan to set up over 2,000 charging stations globally by the end of the decade, equipped with more than 10,000 fast-charging points.
- Thus, owing to the above developments in establishing EV charging stations, the market is expected to witness significant growth in Europe during the forecast period.
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Global Electric Vehicle Charging Equipment Industry Overview
The global electric vehicle charging equipment market is semi-fragmented. Some of the major players in the market include ABB Ltd, Robert Bosch GmbH, ChargePoint Inc., ClipperCreek Inc., and Delta Electronics Inc.
Global Electric Vehicle Charging Equipment Market Leaders
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ABB Ltd
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Robert Bosch GmbH
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ChargePoint Inc.
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ClipperCreek Inc.
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Delta Electronics Inc.
- *Disclaimer: Major Players sorted in no particular order
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Global Electric Vehicle Charging Equipment Market News
- December 2023: Tata Power, a leading Indian power company, recently made headlines by announcing a strategic partnership between its subsidiary, Tata Power EV Charging Solutions, and the state-owned India Oil Corporation Ltd (IOCL). The agreement entails the installation of over 500 fast and ultra-fast electric vehicle (EV) charging points throughout India.
- October 2023: The investment of USD 91 million by the Ontario government to expand electric vehicle charging stations in small and medium-sized communities is a significant step toward promoting the adoption of electric vehicles and reducing greenhouse gas emissions.
- May 2023: Stations-e, a French company based in Boussy-Saint-Antoine, specializes in the deployment of electric vehicle charging stations. Stations-e announced it would invest USD 256 million in deploying 10,000 charging stations in France.
Global Electric Vehicle Charging Equipment Industry Segmentation
Electric vehicle (EV) charging equipment refers to the infrastructure and devices required to charge electric vehicles, which include battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs). These charging systems enable EVs to replenish their electrical energy, allowing them to continue driving. The charging equipment can be categorized into different levels based on the power output and charging time.
The global electric vehicle charging equipment market is segmented by application, charging type, and geography. By application, the market is segmented into home charging, workplace charging, and public charging. By charging type, the market is segmented into AC charging (Level 1 and Level 2) and DC charging. The report also covers the market size and forecasts across several major regions. For each segment, the market sizing and forecasts were made based on volume.
| Application | Home charging | ||
| Workplace charging | |||
| Public charging | |||
| Charging Type | AC Charging (Level 1 and Level 2) | ||
| DC Charging | |||
| Geography | North America | United States | |
| Canada | |||
| Rest of North America | |||
| Europe | Germany | ||
| France | |||
| United Kingdom | |||
| Italy | |||
| Spain | |||
| NORDIC | |||
| Turkey | |||
| Russia | |||
| Rest of Europe | |||
| Asia-Pacific | China | ||
| India | |||
| Australia | |||
| Japan | |||
| Malaysia | |||
| Thailand | |||
| Indonesia | |||
| Vietnam | |||
| Rest of Asia-Pacific | |||
| Middle East and Africa | Saudi Arabia | ||
| United Arab Emirates | |||
| Qatar | |||
| Egypt | |||
| Nigeria | |||
| South Africa | |||
| Rest of Middle East and Africa | |||
| South America | Brazil | ||
| Argentina | |||
| Colombia | |||
| Rest of South America | |||
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Global Electric Vehicle Charging Equipment Market Research FAQs
How big is the Global Electric Vehicle Charging Equipment Market?
The Global Electric Vehicle Charging Equipment Market size is expected to reach 4.72 million units in 2025 and grow at a CAGR of 27.20% to reach 15.71 million units by 2030.
What is the current Global Electric Vehicle Charging Equipment Market size?
In 2025, the Global Electric Vehicle Charging Equipment Market size is expected to reach 4.72 million units.
Who are the key players in Global Electric Vehicle Charging Equipment Market?
ABB Ltd, Robert Bosch GmbH, ChargePoint Inc., ClipperCreek Inc. and Delta Electronics Inc. are the major companies operating in the Global Electric Vehicle Charging Equipment Market.
Which is the fastest growing region in Global Electric Vehicle Charging Equipment Market?
Europe is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Global Electric Vehicle Charging Equipment Market?
In 2025, the Asia Pacific accounts for the largest market share in Global Electric Vehicle Charging Equipment Market.
What years does this Global Electric Vehicle Charging Equipment Market cover, and what was the market size in 2024?
In 2024, the Global Electric Vehicle Charging Equipment Market size was estimated at 3.44 million units. The report covers the Global Electric Vehicle Charging Equipment Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Global Electric Vehicle Charging Equipment Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Global Electric Vehicle Charging Equipment Industry Report
Statistics for the 2025 Global Electric Vehicle Charging Equipment market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Global Electric Vehicle Charging Equipment analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
