| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Volume (2025) | 91.62 Thousand units |
| Market Volume (2030) | 269.56 Thousand units |
| CAGR | 24.09 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Nordic Countries Electric Vehicle Charging Equipment Market Analysis
The Nordic Countries Electric Vehicle Charging Equipment Market size is estimated at 91.62 thousand units in 2025, and is expected to reach 269.56 thousand units by 2030, at a CAGR of 24.09% during the forecast period (2025-2030).
- Over the medium term, increasing adoption of electric vehicles and related investments and rising subsidies and incentives for electric vehicles across the region are expected to drive the demand for the electric vehicle charging equipment market during the forecast period.
- On the other hand, the high cost of Setting up EV charging stations can significantly restrain the growth of the electric vehicle charging equipment market.
- Nevertheless, innovations in charging technology, such as fast and ultra-fast chargers and the development of smart charging infrastructure that integrates with grid management systems, creates new opportunities in the electric vehicle charging equipment market in the near future.
- Norway is expected to witness significant growth in the Nordic Countries electric vehicle charging equipment market during the forecast period. Owing to the increasing number of public charging points in the region.
Nordic Countries Electric Vehicle Charging Equipment Market Trends
Increasing Adoption of Electric Vehicles and Related Investments Drives the Market
- The Nordic Countries are witnessing a notable uptick in electric vehicle (EV) adoption, propelling the growth of the EV charging equipment market. With a pronounced shift towards clean energy, these nations are increasingly focusing on electric vehicles, leading to a remarkable surge in EV sales over recent years.
- For instance, the International Energy Agency (IEA) reported that in 2023, Sweden sold 0.11 million electric vehicles, marking a 14.5% increase from 2022, closely followed by Norway. Over the years, Norway, Finland, and Denmark have also seen substantial rises in EV sales, with projections indicating a continued upward trend.
- Proactively, the Nordic countries have rolled out various government policies and initiatives to bolster EV adoption. These measures have spurred demand for EV charging infrastructure and equipment. In 2023, the government unveiled multiple strategies to boost EV production and expedite the journey towards zero carbon emissions.
- For example, in 2023, Norway exempted EVs from purchase tax and VAT, and slashed annual road tax. Sweden offered a five-year vehicle tax exemption and lowered company car tax for electric and plug-in hybrids. Denmark provided VAT exemptions for electric trucks and buses, alongside reduced registration taxes for EVs. Such measures are poised to not only boost EV production and demand but also escalate the need for charging infrastructure in the coming years.
- Moreover, the transition to electric vehicles plays a pivotal role in meeting net-zero carbon emission goals. Leading regional companies are introducing advanced EV models to cater to the surging demand.
- For instance, in October 2023, BYD, a global frontrunner in energy vehicles, teamed up with local dealer RSA to launch two Ocean Series models in Finland: the C-Segment BYD DOLPHIN and the D-Segment BYD SEAL sedan. These vehicles, featuring BYD's cutting-edge Blade fast charging technology, boast an impressive WLTP range of 427km.
- In another instance, in June 2024, Lynk & Co, a brand merging Chinese and Swedish roots, debuted its inaugural all-electric model, Z10, in Gothenburg, Sweden. This EV, with its robust battery, can endure impact forces up to 65 tons. Such advancements not only bolster EV demand but also amplify the need for charging infrastructure.
- In conclusion, these concerted efforts and innovations are set to boost EV production and escalate the demand for charging infrastructure in the foreseeable future.
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Norway is Expected to Witness Significant Growth
- Norway leads the Nordic countries in the adoption of electric vehicle (EV) and the development of charging infrastructure. The expansion of EV charging infrastructure significantly influences EV adoption, with the availability of charging points playing a pivotal role in consumer purchasing decisions.
- Norway boasts one of the largest networks of EV charging stations in Europe. According to the International Energy Agency (IEA), Norway had 27,000 EV charging points in 2023, marking a 12.03% increase from 2022 and a remarkable 92.85% surge since 2019. As demand for EVs and their infrastructure continues to rise, Norway is set to expand its charging points further in the coming years.
- Investment in charging infrastructure projects has surged in Norway over recent years. Leading companies are advancing technologies to enhance the nation's charging systems, ensuring the latest charging points are equipped for long-term EV efficiency.
- For example, in April 2024, Ekoenergetyka, a Polish EV charging station provider, showcased its innovative charging system designed for Norwegian operators. Their new AXON Side 360 DLBS power unit, when paired with up to six SAT400 satellite units, forms a versatile multi-station hub. Such innovations are driving demand for advanced public EV charging and are expected to boost the need for charging equipment in the forecast period.
- Additionally, the Norwegian government is proactively working towards achieving net-zero carbon emissions ahead of schedule. Over the years, they've introduced several policies to promote the EV trend.
- As an example, in 2023, the government mandated that all new cars sold by 2025 must be zero-emission (either electric or hydrogen). They also implemented a 25% VAT exemption on new electric vehicle purchases, applicable only up to 500,000 Norwegian kroner (approximately USD 46,800). These initiatives are poised to boost EV production and demand in Norway, subsequently increasing the need for EV charging infrastructure and equipment during the forecast period.
- In summary, Norway's initiatives and projects in the EV sector are set to accelerate the growth of its charging infrastructure and heighten the demand for charging equipment in the near future.
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Nordic Countries Electric Vehicle Charging Equipment Industry Overview
The Nordic Countries electric vehicle charging equipment market is semi-fragmented. Some of the key players (not in particular order) are ABB Ltd, Siemens AG, Tesla Inc., Delta Electronics Inc., ChargePoint Inc, among others.
Nordic Countries Electric Vehicle Charging Equipment Market Leaders
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ABB Ltd
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Siemens AG
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Tesla Inc.
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Delta Electronics Inc.
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ChargePoint Inc
- *Disclaimer: Major Players sorted in no particular order
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Nordic Countries Electric Vehicle Charging Equipment Market News
- June 2024: Elli, the electric vehicle charging division of Volkswagen, has teamed up with Norway's Otovo to provide Huawei equipment. This equipment facilitates the connection between customers' vehicles and their home solar and storage systems. This collaboration underscores Volkswagen's ongoing efforts to broaden access to the energy sector, granting entry to over 700,000 public charging stations throughout Europe, with a particular emphasis on the Nordic nations.
- December 2023: Volkswagen launched a bidirectional, vehicle-to-home pilot program with HagerEnergy GmbH in Sweden. The company provides bidirectional charging capabilities equipped with a 77 kWh battery and software version 3.5 or higher.
Nordic Countries Electric Vehicle Charging Equipment Industry Segmentation
Electric vehicle (EV) charging equipment refers to the equipment and infrastructure used to charge electric vehicles at home or in commercial and public spaces. The EV charging equipment plays a crucial role in the widespread adoption of electric vehicles in the region. The availability of robust EV charging infrastructure is essential for overcoming range anxiety, a primary concern for potential EV buyers. It helps in reducing carbon emissions and improving air quality.
The Nordic Countries electric vehicle charging equipment market is segmented into Vehicle Type, Application, Charging Type and Geography. By Vehicle type, the market is segmented into battery electric vehicles (BEV), plug-in hybrid electric vehicles (PHEV), and Hybrid Electric Vehicle (HEV). By application type, 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 for the Nordic Countries electric vehicle charging equipment market across major countries. The report offers the market size and forecasts for the market in units for all the above segments.
| Vehicle Type | Battery Electric Vehicle (BEV) |
| Plug-in Hybrid Electric Vehicle (PHEV) | |
| Hybrid Electric Vehicle (HEV) | |
| Application | Home Charging |
| Workplace Charging | |
| Public Charging | |
| Charging Type | AC Charging (Level 1 and Level 2) |
| DC Charging | |
| Geography | Norway |
| Finland | |
| Sweden | |
| Denmark | |
| Iceland |
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Nordic Countries Electric Vehicle Charging Equipment Market Research Faqs
How big is the Nordic Countries Electric Vehicle Charging Equipment Market?
The Nordic Countries Electric Vehicle Charging Equipment Market size is expected to reach 91.62 thousand units in 2025 and grow at a CAGR of 24.09% to reach 269.56 thousand units by 2030.
What is the current Nordic Countries Electric Vehicle Charging Equipment Market size?
In 2025, the Nordic Countries Electric Vehicle Charging Equipment Market size is expected to reach 91.62 thousand units.
Who are the key players in Nordic Countries Electric Vehicle Charging Equipment Market?
ABB Ltd, Siemens AG, Tesla Inc., Delta Electronics Inc. and ChargePoint Inc are the major companies operating in the Nordic Countries Electric Vehicle Charging Equipment Market.
What years does this Nordic Countries Electric Vehicle Charging Equipment Market cover, and what was the market size in 2024?
In 2024, the Nordic Countries Electric Vehicle Charging Equipment Market size was estimated at 69.55 thousand units. The report covers the Nordic Countries Electric Vehicle Charging Equipment Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Nordic Countries Electric Vehicle Charging Equipment Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Nordic Countries Electric Vehicle Charging Equipment Industry Report
Statistics for the 2025 Nordic Countries Electric Vehicle Charging Equipment market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Nordic Countries 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.
