Electric Vehicle Charger and Charging Station Market Report 2025 (Global Edition)

Global Electric Vehicle Charger and Charging Station Market Report 2025 Market Size Split by Type Outlook: (On board Charger, Off-board Charger), by Application Outlook: (Residential Charging, Public ...

Electric Vehicle Charger and Charging Station Market Report Description

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Competitive Landscape of the Electric Vehicle Charger - EVC And Charging Station Market

The competitive landscape of the Electric Vehicle Charger (EVC) and Charging Station market is dominated by key players who offer a range of charging solutions for both residential and commercial applications. These companies focus on technological innovation, reliability, and expanding global networks of charging stations. Additionally, startups and regional players are emerging with new charging technologies and services, contributing to increased competition. Partnerships with automakers and governments are crucial for market expansion.

In September 2022, A prominent provider of auxiliary power converter systems for light rail cars and metros, PowerTech Converter (PTC), is being acquired by ABB, according to a recent announcement. An essential element of ABB Motion's external expansion strategy is the acquisition. (Source: https://new.abb.com/news/detail/94920/abb-to-acquire-powertech-converter-to-expand-its-traction-offering) In May 2023, Blink Charging Co. launched a new integrated battery storage and DCFC charger unit that will integrate with four Blink EV chargers at the Southport Plaza in Philadelphia, PA. The new state-of-the-art battery energy storage system (BESS) efficiently stores energy onsite and provides that power to EV drivers when needed. (Source: https://blinkcharging.com/news/2023)

Top Companies Market Share in Electric Vehicle Charger and Charging Station Industry: (In no particular order of Rank)

• ABB Ltd.
• Robert Bosch GmbH
• Siemens AG
• Delphi Automotive
• Chroma ATE
• Aerovironment Inc.
• Silicon Laboratories
• Chargemaster PLC
• Schaffner Holdings AG
• POD Point
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Electric Vehicle Charger - EVC And Charging Station Market

Which Region Dominates the Electric Vehicle Charger - EVC And Charging Station Market in 2024?

According to Cognitive Market Research, North America currently dominates the Electric Vehicle Charger - EVC And Charging Stations market, and the region is expected to have significant growth during the projected period. This is due to significant government incentives, extensive EV adoption, and a well-developed infrastructure.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR) due to rapid EV adoption, government incentives, and infrastructure development.

The current report Scope analyzes Electric Vehicle Charger and Charging Station Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Electric Vehicle Charger and Charging Station

According to Cognitive Market Research, the global Electric Vehicle Charger - EVC And Charging Station market size was estimated at USD 16954.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 6781.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 34.5% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Electric Vehicle Charger - EVC And Charging Station market with a market size of USD 5350.84 million in 2024 and is projected to grow at a CAGR of 34.3% during the forecast period due to the rapid expansion of EV infrastructure driven by private and public investments.
• The Canada Electric Vehicle Charger - EVC And Charging Station market had a market share of USD 813.82 million in 2024 and is projected to grow at a CAGR of 35.3% during the forecast period due to the increasing consumer preference for sustainable and eco-friendly transportation solutions.
• The Mexico Electric Vehicle Charger - EVC And Charging Station market is projected to witness growth at a CAGR of 35.0% during the forecast period, with a market size of USD 617.14 million in 2024.

Europe Electric Vehicle Charger and Charging Station

According to Cognitive Market Research, the global Electric Vehicle Charger - EVC And Charging Station market size was estimated at USD 16954.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 5086.35 million in 2024 and will grow at a compound annual growth rate (CAGR) of 34.8% from 2024 to 2031.

• The United Kingdom Electric Vehicle Charger - EVC And Charging Station market had a market share of USD 854.51 million in 2024 and is projected to grow at a CAGR of 35.6% during the forecast period. In the UK, Electric Vehicle Charger - EVC And Charging Station sales witness an upswing due to the expansion of renewable energy infrastructure.
• The France Electric Vehicle Charger - EVC And Charging Station market is projected to witness growth at a CAGR of 34.0% during the forecast period, with a market size of USD 467.94 million in 2024.
• According to Cognitive Market Research, the German Electric Vehicle Charger - EVC And Charging Station market size was valued at USD 1007.10 million in 2024 and is projected to grow at a CAGR of 35.0% during the forecast period. In Germany, the Electric Vehicle Charger - EVC And Charging Station surged due to the rising consumer demand for electric vehicles.
• The Italy Electric Vehicle Charger - EVC And Charging Station market is projected to witness growth at a CAGR of 34.2% during the forecast period, with a market size of USD 437.43 million in 2024.
• The Russia Electric Vehicle Charger - EVC And Charging Station market is projected to witness growth at a CAGR of 33.8% during the forecast period, with a market size of USD 788.38 million in 2024.
• The Spain Electric Vehicle Charger - EVC And Charging Station market is projected to witness growth at a CAGR of 33.9% during the forecast period with a market size of USD 417.08 million in 2024
• The Luxembourg Electric Vehicle Charger - EVC And Charging Station market is projected to witness growth at a CAGR of 34.9% during the forecast period, with a market size of USD 157.68 million in 2024.
• The Portugal Electric Vehicle Charger - EVC And Charging Station market is projected to witness growth at a CAGR of 34.6% during the forecast period, with a market size of USD 106.81 million in 2024.
• The Greece Electric Vehicle Charger - EVC And Charging Station market is projected to witness growth at a CAGR of 35.1% during the forecast period, with a market size of USD 61.04 million in 2024.
• The Rest of Europe's Electric Vehicle Charger - EVC And Charging Station market is projected to witness growth at a CAGR of 33.5% during the forecast period, with a market size of USD 788.38 million in 2024.

Asia Pacific Electric Vehicle Charger and Charging Station

According to Cognitive Market Research, the global Electric Vehicle Charger - EVC And Charging Station market size was estimated at USD 16954.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 3899.54 million in 2024 and will grow at a compound annual growth rate (CAGR) of 38.3% from 2024 to 2031.

• According to Cognitive Market Research, the China Electric Vehicle Charger - EVC And Charging Station market size was valued at USD 1754.79 million in 2024 and is projected to grow at a CAGR of 37.8% during the forecast period. Electric Vehicle Charger - EVC And Charging Station surged in China due to the rapid urbanization and increasing investments in EV charging infrastructure.
• The Japan Electric Vehicle Charger - EVC And Charging Station market is projected to witness growth at a CAGR of 36.8% during the forecast period, with a market size of USD 538.14 million in 2024.
• The India Electric Vehicle Charger - EVC And Charging Station market had a market share of USD 467.94 million in 2024 and is projected to grow at a CAGR of 40.1% during the forecast period due to the growing consumer awareness and demand for sustainable transportation solutions.
• The South Korean Electric Vehicle Charger - EVC And Charging Station market is projected to witness growth at a CAGR of 37.4% during the forecast period, with a market size of USD 389.95 million in 2024.
• The Australian Electric Vehicle Charger - EVC And Charging Station market is projected to witness growth at a CAGR of 38.0% during the forecast period, with a market size of USD 202.78 million in 2024.
• The South East Asia Electric Vehicle Charger - EVC And Charging Station market is projected to witness growth at a CAGR of 39.3% during the forecast period, with a market size of USD 269.07 million in 2024.
• The Rest of Asia Pacific Electric Vehicle Charger - EVC And Charging Station market is projected to witness growth at a CAGR of 38.1% during the forecast period, with a market size of USD 276.87 million in 2024.

South America Electric Vehicle Charger and Charging Station

According to Cognitive Market Research, the global Electric Vehicle Charger - EVC and Charging Station market size was estimated at USD 16954.5 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 847.73 million in 2024 and will rise at the compound annual growth rate (CAGR) of 35.7% from the year 2024 to 2031.

• According to Cognitive Market Research, Brazil's Electric Vehicle Charger - EVC and Charging Station market size was valued at USD 362.83 million in 2024 and is foreseen to rise at the CAGR of 36.3% during the forecast period. Electric Vehicle Charger - EVC And Charging Stations flourished in Brazil due to growing awareness of environmental sustainability and reduction of carbon emissions.
• Argentina's Electric Vehicle Charger - EVC And Charging Station market had a market share of USD 142.42 million in 2024 and is foreseen to rise at the CAGR of 36.6% during the forecast period due to the expansion of EV infrastructure to meet the surging demand for electric vehicles .
• Colombia Electric Vehicle Charger - EVC And Charging Station market is projected to witness growth at a CAGR of 35.5% during the forecast period, with a market size of USD 75.45 million in 2024.
• Peru Electric Vehicle Charger - EVC And Charging Station market is foreseen to witness growth at a CAGR of 35.9% during the forecast years, with a market size of USD 69.51 million in the year 2024.
• Chile Electric Vehicle Charger - EVC And Charging Station market is projected to witness growth at a CAGR of 36.0% during the forecast period, with a market size of USD 61.04 million in 2024.
• The Rest of Latin America's Electric Vehicle Charger - EVC And Charging Station market is foreseen to witness growth at a CAGR of 34.8% during the forecast years, with a market size of USD 136.48 million in 2024.

Middle East and Africa Electric Vehicle Charger and Charging Station

According to Cognitive Market Research, the global Electric Vehicle Charger - EVC And Charging Station market size was estimated at USD 16954.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with market size of USD 339.09 million in 2024 and will rise at the compound annual growth rate (CAGR) of 36.0% from 2024 to 2031..

• The GCC Countries Electric Vehicle Charger - EVC And Charging Station market is projected to witness growth at a CAGR of 36.8% during the forecast years, with a market size of USD 145.13 million in 2024. Electric Vehicle Charger - EVC And Charging Station sales flourish due to government initiatives and investments in EV infrastructure.
• The Egypt Electric Vehicle Charger - EVC And Charging Station market is projected to witness growth at a CAGR of 36.3% during the forecast period, with a market size of USD 35.60 million in 2024.
• The South Africa Electric Vehicle Charger - EVC And Charging Station market is projected to witness growth at a CAGR of 37.0% during the forecast years, with a market size of USD 53.58 million in 2024. Electric Vehicle Charger - EVC And Charging Station sales flourished in South Africa due to the rising adoption of electric vehicles.
• The Turkey Electric Vehicle Charger - EVC And Charging Station market is projected to witness growth at a CAGR of 35.5% during the forecast period, with a market size of USD 29.16 million in 2024.
• The Nigeria Electric Vehicle Charger - EVC And Charging Station market is projected to witness growth at a CAGR of 35.1% during the forecast period, with a market size of USD 35.60 million in 2024.
• The Rest of the MEA Electric Vehicle Charger - EVC And Charging Station market is projected to witness growth at a CAGR of 35.0% during the forecast years, with a market size of USD 40.01 million in 2024.

Electric Vehicle Charger and Charging Station Market Analysis

How are Segments Performing in the Global Electric Vehicle Charger - EVC And Charging Station Market?

Electric Vehicle Charger - EVC And Charging Station Market Type Segment Analysis

According to Cognitive Market Research, onboard electric vehicle charger - EVC and charging stations are likely to dominate the electric vehicle charger - EVC and charging station market over the forecast period due to their convenience and integration within the vehicle. These chargers allow EV owners to charge their vehicles using standard electrical outlets, eliminating the need for additional infrastructure and enabling broader adoption of electric vehicles.

The off-board charger is the fastest-growing segment in the Electric Vehicle Charger - EVC And Charging Station Market due to their ability to provide higher charging power and faster charging times compared to onboard chargers. Their widespread use in public charging stations, especially for fast and ultra-fast charging, is driving rapid adoption and infrastructure expansion.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Electric Vehicle Charger and Charging Station Industry. Request a Free Sample PDF!

Electric Vehicle Charger - EVC And Charging Station Market Application Segment Analysis

According to Cognitive Market Research, the residential charging segment holds the largest share of the market due to the convenience it offers EV owners. With the increasing number of electric vehicle owners, home-based charging solutions are preferred for their ease of use, cost-effectiveness, and the ability to charge overnight, eliminating the need for public stations.

In the Electric Vehicle Charger - EVC And Charging Station Market, the public charging sector has been expanding at a rapid pace due to the increasing demand for accessible, fast-charging solutions in urban areas. Government incentives, along with growing consumer adoption of EVs, are driving the expansion of public charging infrastructure, especially along highways and public spaces.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Electric Vehicle Charger and Charging Station Component Outlook: Segment Analysis

Electric Vehicle Charger - EVC And Charging Station Market Component Segment Analysis

According to Cognitive Market Research, the battery electric vehicles (BEVs) segment holds the largest market share due to their growing adoption, supported by government incentives and environmental goals. BEVs require widespread charging infrastructure, driving the demand for robust, fast-charging stations. Their dominance accelerates the development of comprehensive, efficient charging networks globally.

In the Electric Vehicle Charger - EVC And Charging Station market, the rapidly growing sector is the hybrid electric vehicle (HEV) category due to their increasing popularity as a transitional solution between traditional vehicles and fully electric vehicles. HEVs require specialized charging infrastructure, driving demand for both home and public charging stations.

• Battery Electric Vehicle (BEV)
• Plugin Hybrid Electric Vehicle (PHEV)
• Hybrid Electric Vehicle (HEV)

Electric Vehicle Charger and Charging Station End-use Outlook: Segment Analysis

Electric Vehicle Charger - EVC And Charging Station Market End-use Segment Analysis

According to Cognitive Market Research, the residential segment dominates the market due to the increasing adoption of electric vehicles among individual consumers. Homeowners prefer convenient, cost-effective charging solutions that can be installed at home, reducing the need for public charging infrastructure and offering flexibility in charging schedules.

Commercial is projected to be the fastest-growing segment in the Electric Vehicle Charger - EVC And Charging Station market due to the increasing demand for EVs in businesses, fleet operations, and public infrastructure. Companies are installing high-speed charging stations at offices, parking lots, and public spaces, providing convenient access and boosting adoption rates.

• Residential
• Commercial

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Sumedha Gosavi

Research Associate at Cognitive Market Research

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