Electric Vehicle Charging Equipment Market

Electric Vehicle Charging Equipment Market by Product (Level 2, DC Fast Charging) by Application (Residential, Commercial, Public Charging, Others,) , by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa): Global Market Assessment, 2021 – 2028

Frequently Asked Questions

  • What is the global demand for Electric Vehicle Charging Equipment in terms of revenue?

    The global Electric Vehicle Charging Equipment valued at 18.84 Billion in 2020 and is expected to reach 168.52 Billion in 2028 growing at a CAGR of 31.51%

  • Which are the prominent players in the market?

    The prominent players in the market are Efacec, Signet, Bosch, AeroVironment, ClipperCreek, ECOtality, Leviton, Nissan, ABB, Fuji Electric, Webasto Charging Systems, Coulomb Technologies, Eaton Corporation Plc., General Electric, Schneider Electric, Evatran, Blink Charging Co., Hitachi, Elektromotive, Siemens..

  • At what CAGR is the market projected to grow within the forecast period?

    The market is project to grow at a CAGR of 31.51% between 2021 and 2028.

  • What are the driving factors fueling the growth of the market.

    The driving factors of the Electric Vehicle Charging Equipment include

    • The rising sale of electric vehicles is anticipated to augment the global electric vehicle charging equipment market in the years to come. This is attributable to the government subsidies and purchase shares on non-electric vehicles in huge cities. Furthermore, the presence of major companies in electric vehicle sector, such as Nissan, Tesla, Chevrolet and Toyota, among others mainly in the United States, United Kingdom, Germany, and China is anticipated to support the growth of the market over the forecast period.
    • The increasing environmental pollution treated as an alarming issue and increasing vehicle range per charge is further expected to support the growth of the market in near future.

  • Which region accounted for the largest share in the market?

    North America was the leading regional segment of the Electric Vehicle Charging Equipment in 2020.

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