Home / Automotive & Transportation / Electric Vehicle Charging Services Market by Vehicle Type(Battery Electric Vehicle (BEV), Plug–In Hybrid Vehicle (PHEV)) by Charging Station (AC Charging Station, DC Charging Station, Inductive Charging Station) by Application (Residential, Commercial): Growth, Future Prospects & Competitive Analysis, 2015 - 2027

Electric Vehicle Charging Services Market by Vehicle Type(Battery Electric Vehicle (BEV), Plug–In Hybrid Vehicle (PHEV)) by Charging Station (AC Charging Station, DC Charging Station, Inductive Charging Station) by Application (Residential, Commercial): Growth, Future Prospects & Competitive Analysis, 2015 - 2027

Published: May 2021 | Report Code: 60366-05-21

The Electric Vehicle Charging Services Market is expected to cross market value of USD 5,787.9 million in 2027 from USD 3,986.4 million in 2020. It is expected to grow at a CAGR of over 5.4% during the forecast period.

Key Market Drivers and Restraints

Growing demand for electric vehicles and changing preference towards promoting ecofriendly coupled with increasing environmental concerns are major factors expected to drive the growth of the global market. Also, rising R&D activities by manufacturers for highly developed charging stations with improved charging capabilities and charging time is expected to create new opportunities for players operating in the global market.

However, high cost of electric vehicle is expected to restrain the growth of the global market.

Impact of COVID 19

The outburst of pandemic COVID-19, the government around the earth have shifted their focus to health care services in their countries, and with the forced lockdown, all transportation work was affected as public were mandatory to stay at home to keep social distancing, which impacted the availability of the workers and the projects were affected. However, with the steady opening up of the economies infrastructure projects are resuming.

Asia Pacific to Dominate the global Electric Vehicle Charging Services Market

The global Electric Vehicle Charging Services Market covers the six regions, namely Europe, North America, Asia Pacific, Latin America (LATAM), Middle East and Africa, including all the key economies in these regions. Asia Pacific market is dominated the global market and accounted for more than 71% of the total market. This is attributed china is the largest market for electric cars and buses, and it sold 872 thousand units of New Energy Vehicles for the first nine months in 2019, exhibiting a growth rate of 20.8%.

Global Electric Vehicle Charging Services Market is led by the Charging Station

AC Charging Station, DC Charging Station, and Inductive Charging Station are the key Charging Station in the Electric Vehicle Charging Services Market. In 2020, DC Charging Station segment is accounted for the largest share of Electric Vehicle Charging Services Market. However, AC Charging Station segment is anticipated to grow at the fastest CAGR during the forecast period.

Battery Electric Vehicle (BEV) would continue to dominate the global Electric Vehicle Charging Services Market in terms of Vehicle Type

Battery Electric Vehicle (BEV) and Plug–In Hybrid Vehicle (PHEV) are some of the major types of Vehicle Type. Battery Electric Vehicle (BEV) segment accounted for the largest share in 2020 of the Electric Vehicle Charging Services Market in 2020. This is attributed to long term solution for mobility compared with internal combustion engine (ICE) powered vehicles.

Frequently asked questions about global Electric Vehicle Charging Services market

  • What are the consequences of COVID 19 on global Electric Vehicle Charging Services?
    Ans: The COVID-19 outbreak, the global automobile industry is facing a slowdown due to the lockdown in several countries that has limited the production of electric vehicles
  • Which are the key Vehicle Types through Electric Vehicle Charging Services?
    Ans: Battery Electric Vehicle (BEV) and Plug–In Hybrid Vehicle (PHEV) are the most frequently through Electric Vehicle Charging Services
  • Which is the key Charging Station through which Electric Vehicle Charging Services occurs?
    Ans: DC Charging Station is the most Charging Station in Electric Vehicle Charging Services
  • Who are the key players in the global Electric Vehicle Charging Services ?
    Ans: ENGIE, ChargePoint, Tesla, Inc., Leviton Manufacturing Company, Inc., EFACEC Power Solutions, EVGO, ABB, Aerovironment Inc., Schneider Electric SE, Siemens AG is key players operating in this market
  • Which is the fastest growing Application segment for global Electric Vehicle Charging Services?
    Ans: Commercial Application offers tremendous opportunities to players
  • Which is the leading regional market for global Electric Vehicle Charging Services?
    Ans: Asia Pacific has the largest share owing to increasing investment in infrastructure development for charging stations
  • What will be the CAGR (2021 - 2027) of in global Electric Vehicle Charging Services?
    Ans: The market is anticipated to grow at a CAGR of 5.4% throughout the forecast period
  • Which are the major factors driving the growth of global ADHD Drug?
    Ans: Increasing demand for electric vehicles and changing preference towards promoting an eco-friendly and economical modes of transportation are factors expected to drive the growth of the global electric vehicles charging services market

Table of Content
1.Preface
1.1.Report Description
1.1.1.Purpose of the Report
1.1.2.Target Audience
1.1.3.USP and Key Offerings
1.2.Research Scope
1.3.Research Methodology
1.3.1.Phase I – Secondary Research
1.3.2.Phase II – Primary Research
1.3.3.Phase III – Expert Panel Review
1.3.4.Approach Adopted
1.3.4.1.Top-Down Approach
1.3.4.2.Bottom-Up Approach
1.3.5.Assumptions
1.4.Market Segmentation
2.Executive Summary
2.1.Market Snapshot: Global Electric Vehicle Charging Services Market
3.Market Dynamics
3.1.Introduction
3.1.1. Global Electric Vehicle Charging Services Market Value, 2015-2027, (US$ Bn)
3.2.Market Dynamics
3.2.1.Key Growth Trends
3.2.2.Major Industry Challenges
3.2.3.Key Growth Pockets
3.3.Attractive Investment Proposition,2020
3.3.1.Vehicle Type
3.3.2.Charging Station
3.3.3.Application
3.3.4.Geography
4.Market Positioning of Key Players, 2020
4.1.Company market share of key players, 2020
4.2.Top 6 Players
4.3.Top 3 Players
4.4.Major Strategies Adopted by Key Players
5.COVID 19 Impact Analysis
5.1.Global Electric Vehicle Charging Services Market Pre Vs Post COVID 19, 2019 - 2027
5.2.Impact on Import & Export
5.3.Impact on Demand & Supply
6.North America
6.1.North America Electric Vehicle Charging Services Market, by Country, 2015-2027(US$ Bn)
6.1.1.U.S.
6.1.2.Canada
6.1.3.Mexico
6.2.North America Electric Vehicle Charging Services Market, by Vehicle Type, 2015-2027(US$ Bn)
6.2.1.Overview
6.2.2.Battery Electric Vehicle (BEV)
6.2.3.Plug–In Hybrid Vehicle (PHEV)
6.3.North America Electric Vehicle Charging Services Market, By Charging Station, 2015-2027(US$ Bn)
6.3.1.Overview
6.3.2.AC Charging Station
6.3.3.DC Charging Station
6.3.4.Inductive Charging Station
6.4.North America Electric Vehicle Charging Services Market, by Application, 2015-2027(US$ Bn)
6.4.1.Overview
6.4.2.Residential
6.4.3.Commercial
7.Europe
7.1.Europe Electric Vehicle Charging Services Market, by Country, 2015-2027(US$ Bn)
7.1.1.UK
7.1.2.France
7.1.3.Germany
7.1.4.Italy
7.1.5.Russia
7.1.6.Spain
7.1.7.Belgium
7.1.8.Netherland
7.1.9.Austria
7.1.10.Sweden
7.1.11.Poland
7.1.12.Denmark
7.1.13.Switzerland
7.1.14.Rest of Europe
7.2.Europe Electric Vehicle Charging Services Market, by Vehicle Type, 2015-2027(US$ Bn)
7.2.1.Overview
7.2.2.Battery Electric Vehicle (BEV)
7.2.3.Plug–In Hybrid Vehicle (PHEV)
7.3.Europe Electric Vehicle Charging Services Market, By Charging Station, 2015-2027(US$ Bn)
7.3.1.Overview
7.3.2.AC Charging Station
7.3.3.DC Charging Station
7.3.4.Inductive Charging Station
7.4.Europe Electric Vehicle Charging Services Market, by Application, 2015-2027(US$ Bn)
7.4.1.Overview
7.4.2.Residential
7.4.3.Commercial
8.Asia Pacific
8.1.Asia Pacific Electric Vehicle Charging Services Market, by Country, 2015-2027(US$ Bn)
8.1.1.China
8.1.2.Japan
8.1.3.South Korea
8.1.4.India
8.1.5.Australia
8.1.6.New Zealand
8.1.7.Taiwan
8.1.8.Southeast Asia
8.1.9.Central Asia
8.1.10.Rest of Asia Pacific
8.2.Asia Pacific Electric Vehicle Charging Services Market, by Vehicle Type, 2015-2027(US$ Bn)
8.2.1.Overview
8.2.2.Battery Electric Vehicle (BEV)
8.2.3.Plug–In Hybrid Vehicle (PHEV)
8.3.Asia Pacific Electric Vehicle Charging Services Market, By Charging Station, 2015-2027(US$ Bn)
8.3.1.Overview
8.3.2.AC Charging Station
8.3.3.DC Charging Station
8.3.4.Inductive Charging Station
8.4.Asia Pacific Electric Vehicle Charging Services Market, by Application, 2015-2027(US$ Bn)
8.4.1.Overview
8.4.2.Residential
8.4.3.Commercial
9.Latin America
9.1.Latin America Electric Vehicle Charging Services Market, by Country, 2015-2027(US$ Bn)
9.1.1.Brazil
9.1.2.Argentina
9.1.3.Peru
9.1.4.Chile
9.1.5.Colombia
9.1.6.Rest of Latin America
9.2.Latin America Electric Vehicle Charging Services Market, by Vehicle Type, 2015-2027(US$ Bn)
9.2.1.Overview
9.2.2.Battery Electric Vehicle (BEV)
9.2.3.Plug–In Hybrid Vehicle (PHEV)
9.3.Latin America Electric Vehicle Charging Services Market, By Charging Station, 2015-2027(US$ Bn)
9.3.1.Overview
9.3.2.AC Charging Station
9.3.3.DC Charging Station
9.3.4.Inductive Charging Station
9.4.Latin America Electric Vehicle Charging Services Market, by Application, 2015-2027(US$ Bn)
9.4.1.Overview
9.4.2.Residential
9.4.3.Commercial
10.Middle East
10.1.Middle East Electric Vehicle Charging Services Market, by Country, 2015-2027(US$ Bn)
10.1.1.UAE
10.1.2.KSA
10.1.3.Israel
10.1.4.Turkey
10.1.5.Iran
10.1.6.Rest of Middle East
10.2.Middle East Electric Vehicle Charging Services Market, by Vehicle Type, 2015-2027(US$ Bn)
10.2.1.Overview
10.2.2.Battery Electric Vehicle (BEV)
10.2.3.Plug–In Hybrid Vehicle (PHEV)
10.3.Middle East Electric Vehicle Charging Services Market, By Charging Station, 2015-2027(US$ Bn)
10.3.1.Overview
10.3.2.AC Charging Station
10.3.3.DC Charging Station
10.3.4.Inductive Charging Station
10.4.Middle East Electric Vehicle Charging Services Market, by Application, 2015-2027(US$ Bn)
10.4.1.Overview
10.4.2.Residential
10.4.3.Commercial
11.Africa
11.1.Africa Electric Vehicle Charging Services Market, by Country, 2015-2027(US$ Bn)
11.1.1.South Africa
11.1.2.Egypt
11.1.3.Nigeria
11.1.4.Rest of Africa
11.2.Africa Electric Vehicle Charging Services Market, by Vehicle Type, 2015-2027(US$ Bn)
11.2.1.Overview
11.2.2.Battery Electric Vehicle (BEV)
11.2.3.Plug–In Hybrid Vehicle (PHEV)
11.3.Africa Electric Vehicle Charging Services Market, By Charging Station, 2015-2027(US$ Bn)
11.3.1.Overview
11.3.2.AC Charging Station
11.3.3.DC Charging Station
11.3.4.Inductive Charging Station
11.4.Africa Electric Vehicle Charging Services Market, by Application, 2015-2027(US$ Bn)
11.4.1.Overview
11.4.2.Residential
11.4.3.Commercial
12.Global
12.1.Global Electric Vehicle Charging Services Market, by Vehicle Type, 2015-2027(US$ Bn)
12.1.1.Overview
12.1.2.Battery Electric Vehicle (BEV)
12.1.3.Plug–In Hybrid Vehicle (PHEV)
12.2.Global Electric Vehicle Charging Services Market, By Charging Station, 2015-2027(US$ Bn)
12.2.1.Overview
12.2.2.AC Charging Station
12.2.3.DC Charging Station
12.2.4.Inductive Charging Station
12.3.Global Electric Vehicle Charging Services Market, by Application, 2015-2027(US$ Bn)
12.3.1.Overview
12.3.2.Residential
12.3.3.Commercial
13.Company Profiles
13.1.ENGIE
13.2.ChargePoint
13.3.Tesla, Inc.
13.4.Leviton Manufacturing Company, Inc.
13.5.EFACEC Power Solutions
13.6.EVGO
13.7.ABB
13.8.Aerovironment Inc.
13.9.Schneider Electric SE
13.10.Siemens AG

List of Figures

FIG. 1 Global Electric Vehicle Charging Services Market: Research Methodology

FIG. 2 Market Size Estimation – Top Down & Bottom up Approach

FIG. 3 Global Electric Vehicle Charging Services Market Segmentation

FIG. 4 Global Electric Vehicle Charging Services Market, by Product, 2019 (US$ Bn)

FIG. 5 Global Electric Vehicle Charging Services Market, by Application, 2019 (US$ Bn)

FIG. 6 Global Electric Vehicle Charging Services Market, by Geography, 2019 (US$ Bn)

FIG. 7 Attractive Investment Proposition, by Geography, 2019

FIG. 8 Global Market Positioning of Key Electric Vehicle Charging Services Market Manufacturers, 2019

FIG. 9 Global Electric Vehicle Charging Services Market Value Contribution, By Vehicle Type, 2019 & 2027 (Value %)

FIG. 10 Global Electric Vehicle Charging Services Market, by Type 1, Value, 2015-2027 (US$ Bn)

FIG. 11 Global Electric Vehicle Charging Services Market, by Type 2, Value, 2015-2027 (US$ Bn)

FIG. 12 Global Electric Vehicle Charging Services Market, by Type 3, Value, 2015-2027 (US$ Bn)

FIG. 13 Global Electric Vehicle Charging Services Market, by Type 4, Value, 2015-2027 (US$ Bn)

FIG. 14 Global Electric Vehicle Charging Services Market, by Type 5, Value, 2015-2027 (US$ Bn)

FIG. 15 Global Electric Vehicle Charging Services Market, by Others, Value, 2015-2027 (US$ Bn)

FIG. 16 Global Electric Vehicle Charging Services Market Value Contribution, By Charging Station, 2019 & 2027 (Value %)

FIG. 17 Global Electric Vehicle Charging Services Market, by Application 1, Value, 2015-2027 (US$ Bn)

FIG. 18 Global Electric Vehicle Charging Services Market, by Application 2, Value, 2015-2027 (US$ Bn)

FIG. 19 Global Electric Vehicle Charging Services Market, by Application 3, Value, 2015-2027 (US$ Bn)

FIG. 20 U.S. Electric Vehicle Charging Services Market, 2015-2027 (US$ Bn)

FIG. 21 Rest of North America Electric Vehicle Charging Services Market, 2015-2027 (US$ Bn)

FIG. 22 U.K. Electric Vehicle Charging Services Market, 2015-2027 (US$ Bn)

FIG. 23 Germany Electric Vehicle Charging Services Market, 2015-2027 (US$ Bn)

FIG. 24 France Electric Vehicle Charging Services Market, 2015-2027 (US$ Bn)

FIG. 25 Rest of Europe Electric Vehicle Charging Services Market, 2015-2027 (US$ Bn)

FIG. 26 Japan Electric Vehicle Charging Services Market, 2015-2027 (US$ Bn)

FIG. 27 China Electric Vehicle Charging Services Market, 2015-2027 (US$ Bn)

FIG. 28 India Electric Vehicle Charging Services Market, 2015-2027 (US$ Bn)

FIG. 29 Rest of Asia Pacific Electric Vehicle Charging Services Market, 2015-2027 (US$ Bn)

FIG. 30 Middle East & Africa Electric Vehicle Charging Services Market, 2015-2027 (US$ Bn)

Latin America Electric Vehicle Charging Services Market, 2015-2027 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Electric Vehicle Charging Services Market

TABLE 2 Global Electric Vehicle Charging Services Market, by Vehicle Type, 2015-2027 (US$ Bn)

TABLE 3 Global Electric Vehicle Charging Services Market, by Charging Station, 2015-2027 (US$ Bn)

TABLE 4 Global Electric Vehicle Charging Services Market, by Application, 2015-2027 (US$ Bn)

TABLE 5 Global Electric Vehicle Charging Services Market, by Geography, 2015-2027 (US$ Bn)

TABLE 6 North America Electric Vehicle Charging Services Market, by Vehicle Type, 2015-2027 (US$ Bn)

TABLE 7 North America Electric Vehicle Charging Services Market, by Charging Station, 2015-2027 (US$ Bn)

TABLE 8 North America Electric Vehicle Charging Services Market, by Country, 2015-2027 (US$ Bn)

TABLE 9 Europe Electric Vehicle Charging Services Market, by Vehicle Type, 2015-2027 (US$ Bn)

TABLE 10 Europe Electric Vehicle Charging Services Market, by Charging Station, 2015-2027 (US$ Bn)

TABLE 11 Europe Electric Vehicle Charging Services Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 12 Asia Pacific Electric Vehicle Charging Services Market, by Vehicle Type, 2015-2027 (US$ Bn)

TABLE 13 Asia Pacific Electric Vehicle Charging Services Market, by Charging Station, 2015-2027 (US$ Bn)

TABLE 14 Asia Pacific Electric Vehicle Charging Services Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 15 Latin America Electric Vehicle Charging Services Market, by Vehicle Type, 2015-2027 (US$ Bn)

TABLE 16 Latin America Electric Vehicle Charging Services Market, by Charging Station, 2015-2027 (US$ Bn)

TABLE 17 Latin America Electric Vehicle Charging Services Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 18 Middle East Electric Vehicle Charging Services Market, by Vehicle Type, 2015-2027 (US$ Bn)

TABLE 19 Middle East Electric Vehicle Charging Services Market, by Charging Station, 2015-2027 (US$ Bn)

TABLE 20 Middle East Electric Vehicle Charging Services Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 21 Africa Electric Vehicle Charging Services Market, by Vehicle Type, 2015-2027 (US$ Bn)

TABLE 22 Africa Electric Vehicle Charging Services Market, by Charging Station, 2015-2027 (US$ Bn)

TABLE 23 Africa Electric Vehicle Charging Services Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 24 ENGIE: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

TABLE 25 ChargePoint: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

TABLE 26  Tesla, Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

TABLE 27 Leviton Manufacturing Company, Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

TABLE 28 EFACEC Power Solutions: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

TABLE 29  EVGO: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 30 ABB: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 31 Aerovironment Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 32 Schneider Electric SE: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 33 Siemens AG: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

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