South Korea Electric Vehicle Charging Equipment Market Size & Share Analysis - Growth, Trends, Forecasts (2025 - 2030)

The Report Covers South Korea Electrical Vehicle Charging Equipment Market Size & Share and It is Segmented by Vehicle Type (Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV), and Hybrid Electric Vehicle (HEV)), by Application (Home Charging, Workplace Charging, and Public Charging), and by Charging Type (AC Charging (Level 1 and Level 2) and DC Charging). The Report Offers the Market Size and Forecasts in Revenue (USD) for all the Above Segments.

South Korea Electric Vehicle Charging Equipment Market Size & Share Analysis - Growth, Trends, Forecasts (2025 - 2030)

South Korea Electric Vehicle Charging Equipment Market Size

South Korea Electric Vehicle Charging Equipment Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Volume (2025) 250.71 Thousand units
Market Volume (2030) 755.35 Thousand units
CAGR 24.68 %
Market Concentration Low

Major Players

South Korea Electric Vehicle Charging Equipment Market Major Players

*Disclaimer: Major Players sorted in no particular order

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South Korea Electric Vehicle Charging Equipment Market Analysis

The South Korea Electric Vehicle Charging Equipment Market size is estimated at 250.71 thousand units in 2025, and is expected to reach 755.35 thousand units by 2030, at a CAGR of 24.68% 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.

South Korea Electric Vehicle Charging Equipment Industry Overview

South Korean electric vehicle charging equipment market is semi-fragmented. Some of the key players (not in particular order) are ABB Ltd, BYD Company Limited, Tesla Inc., Delta Electronics Inc., Siemens AG, among other.

South Korea Electric Vehicle Charging Equipment Market Leaders

  1. Delta Electronics Inc.

  2. Tesla Inc.

  3. ABB Ltd

  4. Siemens AG

  5. BYD Company Limited

  6. *Disclaimer: Major Players sorted in no particular order
South Korea Electric Vehicle Charging Equipment Market Concentration
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South Korea Electric Vehicle Charging Equipment Market News

  • April 2024: Sterling Tools inked a memorandum of understanding with Yongin, South Korea, to establish an EV Components Facility. This MoU bolsters Sterling's ability to provide cutting-edge solutions not only for the EV and hybrid sectors but also for a range of other automotive applications, leveraging advanced technology sourced from Yongin.
  • January 2024: BMW Korea has rolled out enhanced EV charging solutions nationwide. The automaker unveiled its intention to install an extra 1,000 state-of-the-art EV chargers, bolstering Korea's electric vehicle infrastructure.

South Korea Electric Vehicle Charging Equipment Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in Units, till 2029
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.1.1 Increasing Adoption of Electric Vehicles And Related Investments
    • 4.5.1.2 Surge in Subsidies and Incentives for Electric Vehicles
    • 4.5.2 Restraints
    • 4.5.2.1 High Cost of Setting Up EV Charging Stations
  • 4.6 Supply Chain Analysis
  • 4.7 PESTLE Analysis
  • 4.8 Investment Analysis

5. MARKET SEGMENTATION

  • 5.1 Vehicle Type
    • 5.1.1 Battery Electric Vehicle (BEV)
    • 5.1.2 Plug-in Hybrid Electric Vehicle (PHEV)
    • 5.1.3 Hybrid Electric Vehicle (HEV)
  • 5.2 Application​
    • 5.2.1 Home Charging
    • 5.2.2 Workplace Charging
    • 5.2.3 Public Charging
  • 5.3 Charging Type
    • 5.3.1 AC Charging (Level 1 and Level 2)
    • 5.3.2 DC Charging

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 ABB Ltd.
    • 6.3.2 BYD Company Limited
    • 6.3.3 Siemens AG
    • 6.3.4 Delta Electronics Inc.
    • 6.3.5 Tesla Inc.
    • 6.3.6 SK Signet Inc.
    • 6.3.7 TotalEnergies SE
    • 6.3.8 Hyundai Motor Group
    • 6.3.9 POSCO ICT
    • 6.3.10 KT Corporation
  • *List Not Exhaustive
  • 6.4 List of Other Prominent Companies
  • 6.5 Market Ranking/ Share Analysis

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Innovation in Charging Technologies
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South Korea 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 South Korea. 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 South Korea electric vehicle charging equipment market is segmented into Vehicle Type, Application, and Charging Type. 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, 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 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
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South Korea Electric Vehicle Charging Equipment Market Research FAQs

How big is the South Korea Electric Vehicle Charging Equipment Market?

The South Korea Electric Vehicle Charging Equipment Market size is expected to reach 250.71 thousand units in 2025 and grow at a CAGR of 24.68% to reach 755.35 thousand units by 2030.

What is the current South Korea Electric Vehicle Charging Equipment Market size?

In 2025, the South Korea Electric Vehicle Charging Equipment Market size is expected to reach 250.71 thousand units.

Who are the key players in South Korea Electric Vehicle Charging Equipment Market?

Delta Electronics Inc., Tesla Inc., ABB Ltd, Siemens AG and BYD Company Limited are the major companies operating in the South Korea Electric Vehicle Charging Equipment Market.

What years does this South Korea Electric Vehicle Charging Equipment Market cover, and what was the market size in 2024?

In 2024, the South Korea Electric Vehicle Charging Equipment Market size was estimated at 188.83 thousand units. The report covers the South Korea Electric Vehicle Charging Equipment Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the South Korea Electric Vehicle Charging Equipment Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

South Korea Electric Vehicle Charging Equipment Industry Report

Statistics for the 2025 South Korea Electric Vehicle Charging Equipment market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South Korea 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.