Electric vehicle charging infrastructure market 2023-2027; A descriptive analysis of the five forces model, market dynamics, and segmentation

NEW YORK, Jan. 18, 2023 /PRNewswire/ — According to Technavio, the global electric vehicle charging infrastructure market size is estimated to grow by USD 121.33 billion from 2022 to 2027. The market is estimated to grow at a CAGR of 39.97% during the forecast period. APAC is estimated to account for 61% of the growth of the global market during the forecast period. For more Insights on market size, Request a sample report

Electric vehicle charging infrastructure market – Five Forces
The global cloud data warehouse market is fragmented, and the five forces analysis covers– 

• Bargaining Power of Buyers 
• The threat of New Entrants
• Threat of Rivalry
• Bargaining Power of Suppliers
• Threat of Substitutes
• Interpretation of porter’s five models helps to strategize the business, for entire details – buy the report!

Electric vehicle charging infrastructure market – Customer Landscape 

The report includes the market’s adoption lifecycle, from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Electric vehicle charging infrastructure market – Segmentation Assessment

Segment Overview
Technavio has segmented the market based on charging (fast charger and slow charger), type (AC and DC), and geography (APAC, Europe, North America, South America, and Middle East and Africa). 

• The market share growth by the fast charger segment will be significant during the forecast period. Fast chargers have an exciting breakthrough when it comes to EVs. These take significantly lesser time to recharge EV batteries to 100% when compared to slow chargers. The demand for these chargers is expected to grow during the forecast period as EV charging infrastructure manufacturers are focusing on providing fast-charging infrastructure owing to the range anxiety of EV owners.

Geography Overview
By geography, the global electric vehicle charging infrastructure market is segmented into APAC, Europe, North America, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global electric vehicle charging infrastructure market.

• APAC will account for 61% of the market’s growth during the forecast period. The EV charging infrastructure market in APAC is growing rapidly due to the increasing adoption of EVs in countries such as China, Japan, Singapore, India, Thailand, and South Korea. In addition, the introduction of various initiatives and laws to encourage the adoption of electric vehicles is fostering the growth of the electric vehicle charging infrastructure market in APAC.

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Electric vehicle charging infrastructure market – Market Dynamics

Key factor driving market growth

• The market is driven by the growing production of EVs.
• The demand for EVs is increasing across the world. This can be attributed to the initiatives undertaken by governments to promote the adoption of environmentally-friendly transportation systems.
• Governments in many countries are also offering incentives such as subsidies for the installation of EV charging infrastructure.
• For instance, in January 2020, the Government of India approved the installation of 2,636 EV charging stations in 62 cities located in 24 states and union territories in the country as part of the second phase of the FAME India scheme.
• Similarly, in November 2019, the Government of Germany planned an investment of USD 3.93 billion for the expansion of electric car charging stations.
• Many such government initiatives undertaken for the installation of EV charging infrastructure are supporting the growth of the market in focus.

Leading trends influencing the market 

• The emergence of wireless charging of EVs is a key trend in the market.
• The concept of wireless charging is based on inductive charging technology.
• The technology is beneficial as it reduces the size of the battery in EVs.
• With the presence of proper infrastructure for wireless charging, EVs can be charged when parked on the side of a road or even when driving.
• This reduces the demand for large battery packs, which also aids in reducing the overall weight of the vehicle.
• The advent of wireless charging in EVs will attract investments in enhancing EV charging infrastructure, thereby supporting the growth of the market.

Major challenges hindering the market growth

• Theft concerns associated with EV charging stations are challenging the growth of the market.
• Charging stations such as level 1, level 2, and fast charging stations operate on different voltages.
• The risk of electrocution is high at these stations is rising with increasing theft of copper, vandalism, frayed wires, or accidents involving charging equipment.
• Also, some of the safety features at EV charging stations may fail due to lightning, which is adversely affecting the growth of the market.

Driver, Trend, and Challenges are the factor of market dynamics that state about consequences & sustainability of the businesses, find some insights from a sample report!

What are the key data covered in this electric vehicle charging infrastructure market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the electric vehicle charging infrastructure market between 2023 and 2027
• Precise estimation of the size of the electric vehicle charging infrastructure market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the electric vehicle charging infrastructure market industry across APAC, Europe, North America, South America, and Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of electric vehicle charging infrastructure market vendors

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Table of contents:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Charging
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global electric vehicle charging infrastructure market 2017 – 2021 
• Exhibit 18: Historic Market Size – Data Table on Global electric vehicle charging infrastructure market 2017 – 2021 ($ billion)

• 4.2 Charging methods Segment Analysis 2017 – 2021
• Exhibit 19: Historic Market Size – Charging methods Segment 2017 – 2021 ($ billion)

• 4.3 Type Segment Analysis 2017 – 2021 
• Exhibit 20: Historic Market Size – Type Segment 2017 – 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 – 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 – 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis – Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Charging

• 6.1 Market segments 
• Exhibit 30: Chart on Charging – Market share 2022-2027 (%)
• Exhibit 31: Data Table on Charging – Market share 2022-2027 (%)

• 6.2 Comparison by Charging 
• Exhibit 32: Chart on Comparison by Charging
• Exhibit 33: Data Table on Comparison by Charging

• 6.3 Fast charger – Market size and forecast 2022-2027
• Exhibit 34: Chart on Fast charger – Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Fast charger – Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Fast charger – Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Fast charger – Year-over-year growth 2022-2027 (%)

• 6.4 Slow charger – Market size and forecast 2022-2027
• Exhibit 38: Chart on Slow charger – Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Slow charger – Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Slow charger – Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Slow charger – Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Charging 
• Exhibit 42: Market opportunity by Charging ($ billion)

7 Market Segmentation by Type

• 7.1 Market segments 
• Exhibit 43: Chart on Type – Market share 2022-2027 (%)
• Exhibit 44: Data Table on Type – Market share 2022-2027 (%)

• 7.2 Comparison by Type 
• Exhibit 45: Chart on Comparison by Type
• Exhibit 46: Data Table on Comparison by Type

• 7.3 AC – Market size and forecast 2022-2027
• Exhibit 47: Chart on AC – Market size and forecast 2022-2027 ($ billion)
• Exhibit 48: Data Table on AC – Market size and forecast 2022-2027 ($ billion)
• Exhibit 49: Chart on AC – Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on AC – Year-over-year growth 2022-2027 (%)

• 7.4 DC – Market size and forecast 2022-2027
• Exhibit 51: Chart on DC – Market size and forecast 2022-2027 ($ billion)
• Exhibit 52: Data Table on DC – Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Chart on DC – Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on DC – Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Type 
• Exhibit 55: Market opportunity by Type ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 57: Chart on Market share by geography 2022-2027 (%)
• Exhibit 58: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 59: Chart on Geographic comparison
• Exhibit 60: Data Table on Geographic comparison

• 9.3 APAC – Market size and forecast 2022-2027
• Exhibit 61: Chart on APAC – Market size and forecast 2022-2027 ($ billion)
• Exhibit 62: Data Table on APAC – Market size and forecast 2022-2027 ($ billion)
• Exhibit 63: Chart on APAC – Year-over-year growth 2022-2027 (%)
• Exhibit 64: Data Table on APAC – Year-over-year growth 2022-2027 (%)

• 9.4 Europe – Market size and forecast 2022-2027
• Exhibit 65: Chart on Europe – Market size and forecast 2022-2027 ($ billion)
• Exhibit 66: Data Table on Europe – Market size and forecast 2022-2027 ($ billion)
• Exhibit 67: Chart on Europe – Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on Europe – Year-over-year growth 2022-2027 (%)

• 9.5 North America – Market size and forecast 2022-2027
• Exhibit 69: Chart on North America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 70: Data Table on North America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 71: Chart on North America – Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on North America – Year-over-year growth 2022-2027 (%)

• 9.6 South America – Market size and forecast 2022-2027
• Exhibit 73: Chart on South America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 74: Data Table on South America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 75: Chart on South America – Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on South America – Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa – Market size and forecast 2022-2027 
• Exhibit 77: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)
• Exhibit 78: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)
• Exhibit 79: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)

• 9.8 China – Market size and forecast 2022-2027 
• Exhibit 81: Chart on China – Market size and forecast 2022-2027 ($ billion)
• Exhibit 82: Data Table on China – Market size and forecast 2022-2027 ($ billion)
• Exhibit 83: Chart on China – Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on China – Year-over-year growth 2022-2027 (%)

• 9.9 US – Market size and forecast 2022-2027
• Exhibit 85: Chart on US – Market size and forecast 2022-2027 ($ billion)
• Exhibit 86: Data Table on US – Market size and forecast 2022-2027 ($ billion)
• Exhibit 87: Chart on US – Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on US – Year-over-year growth 2022-2027 (%)

• 9.10 Germany – Market size and forecast 2022-2027
• Exhibit 89: Chart on Germany – Market size and forecast 2022-2027 ($ billion)
• Exhibit 90: Data Table on Germany – Market size and forecast 2022-2027 ($ billion)
• Exhibit 91: Chart on Germany – Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on Germany – Year-over-year growth 2022-2027 (%)

• 9.11 Japan – Market size and forecast 2022-2027
• Exhibit 93: Chart on Japan – Market size and forecast 2022-2027 ($ billion)
• Exhibit 94: Data Table on Japan – Market size and forecast 2022-2027 ($ billion)
• Exhibit 95: Chart on Japan – Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Japan – Year-over-year growth 2022-2027 (%)

• 9.12 Norway – Market size and forecast 2022-2027
• Exhibit 97: Chart on Norway – Market size and forecast 2022-2027 ($ billion)
• Exhibit 98: Data Table on Norway – Market size and forecast 2022-2027 ($ billion)
• Exhibit 99: Chart on Norway – Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Norway – Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 101: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.3 Impact of drivers and challenges 
• Exhibit 102: Impact of drivers and challenges in 2022 and 2027

11 Vendor Landscape

• 11.2 Vendor landscape 
• Exhibit 103: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 104: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 105: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 106: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 107: Matrix on vendor position and classification

• 12.3 ABB Ltd. 
• Exhibit 108: ABB Ltd. – Overview
• Exhibit 109: ABB Ltd. – Business segments
• Exhibit 110: ABB Ltd. – Key news
• Exhibit 111: ABB Ltd. – Key offerings
• Exhibit 112: ABB Ltd. – Segment focus

• 12.4 Alfen NV 
• Exhibit 113: Alfen NV – Overview
• Exhibit 114: Alfen NV – Product / Service
• Exhibit 115: Alfen NV – Key offerings

• 12.5 Blink Charging Co. 
• Exhibit 116: Blink Charging Co. – Overview
• Exhibit 117: Blink Charging Co. – Product / Service
• Exhibit 118: Blink Charging Co. – Key news
• Exhibit 119: Blink Charging Co. – Key offerings

• 12.6 BP Plc 
• Exhibit 120: BP Plc – Overview
• Exhibit 121: BP Plc – Business segments
• Exhibit 122: BP Plc – Key offerings
• Exhibit 123: BP Plc – Segment focus

• 12.7 E.ON UK Plc 
• Exhibit 124: E.ON UK Plc – Overview
• Exhibit 125: E.ON UK Plc – Product / Service
• Exhibit 126: E.ON UK Plc – Key offerings

• 12.8 EV Connect 
• Exhibit 127: EV Connect – Overview
• Exhibit 128: EV Connect – Product / Service
• Exhibit 129: EV Connect – Key offerings

• 12.9 EV Safe Charge Inc 
• Exhibit 130: EV Safe Charge Inc – Overview
• Exhibit 131: EV Safe Charge Inc – Product / Service
• Exhibit 132: EV Safe Charge Inc – Key offerings

• 12.10 EVBox BV 
• Exhibit 133: EVBox BV – Overview
• Exhibit 134: EVBox BV – Product / Service
• Exhibit 135: EVBox BV – Key offerings

• 12.11 EVgo Services LLC 
• Exhibit 136: EVgo Services LLC – Overview
• Exhibit 137: EVgo Services LLC – Product / Service
• Exhibit 138: EVgo Services LLC – Key offerings

• 12.12 Infineon Technologies AG 
• Exhibit 139: Infineon Technologies AG – Overview
• Exhibit 140: Infineon Technologies AG – Business segments
• Exhibit 141: Infineon Technologies AG – Key news
• Exhibit 142: Infineon Technologies AG – Key offerings
• Exhibit 143: Infineon Technologies AG – Segment focus

• 12.13 Schneider Electric SE 
• Exhibit 144: Schneider Electric SE – Overview
• Exhibit 145: Schneider Electric SE – Business segments
• Exhibit 146: Schneider Electric SE – Key news
• Exhibit 147: Schneider Electric SE – Key offerings
• Exhibit 148: Schneider Electric SE – Segment focus

• 12.14 Shell plc 
• Exhibit 149: Shell plc – Overview
• Exhibit 150: Shell plc – Business segments
• Exhibit 151: Shell plc – Key news
• Exhibit 152: Shell plc – Key offerings
• Exhibit 153: Shell plc – Segment focus

• 12.15 Siemens AG 
• Exhibit 154: Siemens AG – Overview
• Exhibit 155: Siemens AG – Business segments
• Exhibit 156: Siemens AG – Key news
• Exhibit 157: Siemens AG – Key offerings
• Exhibit 158: Siemens AG – Segment focus

• 12.16 The Mobility House GmbH 
• Exhibit 159: The Mobility House GmbH – Overview
• Exhibit 160: The Mobility House GmbH – Product / Service
• Exhibit 161: The Mobility House GmbH – Key offerings

• 12.17 Webasto SE 
• Exhibit 162: Webasto SE – Overview
• Exhibit 163: Webasto SE – Product / Service
• Exhibit 164: Webasto SE – Key offerings

13 Appendix

• 13.2 Inclusions and exclusions checklist 
• Exhibit 165: Inclusions checklist
• Exhibit 166: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 167: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 168: Research methodology
• Exhibit 169: Validation techniques employed for market sizing
• Exhibit 170: Information sources

• 13.5 List of abbreviations 
• Exhibit 171: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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