Electric Vehicle DC Fast Charger Market Report 2024 (Global Edition)

Global Electric Vehicle DC Fast Charger Market Report 2024 Market Size Split by Charging Power (Below 100 KW, 100-200 KW, Above 200KW), by Type (CHAdeMO, SAE Combo Charging System (CCS), Supercharger)...

Electric Vehicle DC Fast Charger Market Report Description

We have various report editions of Electric Vehicle DC Fast Charger Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.

Competitive Landscape of the Electric Vehicle DC Fast Charger Market

The competitive landscape of the Electric Vehicle DC Fast Charger Market is characterized by intense competition among key players striving to expand their market share. Companies such as ABB, Siemens, and Tritium are prominent players in the market, leveraging their technological expertise and extensive industry experience to offer innovative and reliable DC fast charging solutions.

Electric Vehicle DC Fast Charger

In May 2021,  Siemens announced that it has partnered with YHI Energy in New Zealand to launch its latest electric vehicle charging infrastructure portfolio. The partnership will see YHI Energy, one of New Zealand's leading suppliers of energy products especially in electric vehicle charging infrastructure, distribute Siemens' state-of-the-art charging infrastructure portfolio in the New Zealand market.

(Source:https://transporttalk.co.nz/news/siemens-and-yhi-energy-partner-on-ev-charging-in-nz)

Top Companies Market Share in Electric Vehicle DC Fast Charger Industry: (In no particular order of Rank)

• Volta
• E.ON SE
• ABB
• Siemens
• EV Box
• Leviton Manufacturing Co. Inc.
• Delta Electronics Inc.
• GreenWay Infrastructure s.r.o.
• ChargePoint Inc.
• EVgo Services LLC
• Confidential Data
• Access The Paid Version
• Data Hidden

*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!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of Electric Vehicle DC Fast Charger Market 

Which Region Dominates the Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. North America dominates the Electric Vehicle DC Fast Charger market due to several key factors that position the region as a leader in the industry. The United States, in particular, has a well-established electric vehicle (EV) market with a high adoption rate of electric vehicles, driving the demand for fast chargers. Moreover, North America benefits from a supportive regulatory environment and government incentives that encourage the adoption of electric vehicles and the development of charging infrastructure. Additionally, the region's advanced technology and innovation in the automotive sector contribute to the development of high-quality fast chargers.

Which Region is Expanding at the Fastest CAGR?

According to Cognitive Market Research, Asia Pacific is the fastest growing market in 2024 and accounted for around 23% of the global revenue. Asia Pacific emerges as the fastest-growing region in the Electric Vehicle DC Fast Charger market due to several dynamic factors propelling its rapid expansion. The region encompasses countries experiencing a surge in electric vehicle adoption, such as China, Japan, and South Korea, driven by government incentives, environmental concerns, and technological advancements. Moreover, Asia Pacific benefits from a strong manufacturing base and technological expertise, enabling the production of high-quality and cost-effective fast chargers. Additionally, the region's dense urban populations and limited parking space make fast charging essential for EV owners, driving the demand for fast chargers.

The current report Scope analyzes Electric Vehicle DC Fast Charger 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 DC Fast Charger Market

According to Cognitive Market Research, the global Electric Vehicle DC Fast Charger market size was estimated at USD 8815.2 Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 3526.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 26.3% from 2024 to 2031. North America is a key region in the Electric Vehicle DC Fast Charger Market, driven by the increasing adoption of electric vehicles (EVs) and the presence of supportive government initiatives. The Electric Vehicle DC Fast Charger Market in North America is segmented based on charger type, power output, and end-user. DC fast chargers are preferred for their rapid charging capabilities, catering to the needs of EV drivers looking for quick and convenient charging solutions. The market is also segmented based on power output, with different charger capacities available to accommodate various EV models. In conclusion, the Electric Vehicle DC Fast Charger Market in North America is poised for significant growth, driven by the increasing adoption of EVs and supportive government initiatives.

Country Analysis

• According to Cognitive Market Research, the US had a major share in the Electric Vehicle DC Fast Chargers market with a market size of USD 2782.08 million in 2024 and is projected to grow at a CAGR 26.1% during the forecast period. The demand is amplified by the increasing adoption of electric vehicles propel consistent growth. 
• The Canada Electric Vehicle DC Fast Chargers market had a market share of USD 423.13 million in 2024 and is projected to grow at a CAGR of 27.1% during the forecast period. The presence of supportive government initiatives to increased usage of Electric Vehicle DC Fast Chargers.
• The Mexico Electric Vehicle DC Fast Chargers market is projected to witness growth at a CAGR of 26.8% during the forecast period with a market size of USD 320.87 million in 2024.

Europe Electric Vehicle DC Fast Charger Market

According to Cognitive Market Research, the global Electric Vehicle DC Fast Charger market size was estimated at USD 8815.2 Million out of which Europe market of more than 30% of the global revenue with a market size of USD 2644.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 26.3% from 2024 to 2031. Europe is a key region in the Electric Vehicle DC Fast Charger Market, driven by the increasing adoption of electric vehicles (EVs) and the presence of supportive government policies. The Electric Vehicle DC Fast Charger Market in Europe is segmented based on charger type, power output, and end-user. DC fast chargers are preferred for their rapid charging capabilities, catering to the needs of EV drivers looking for quick and convenient charging solutions. In conclusion, the Electric Vehicle DC Fast Charger Market in Europe is experiencing significant growth, driven by the increasing adoption of EVs and supportive government policies. As the market continues to evolve, key players are focusing on innovation and partnerships to meet the growing demand for DC fast chargers in the region.

The United Kingdom Electric Vehicle DC Fast Chargers market had a market share of USD 444.29 million in 2024 and is projected to grow at a CAGR of 27.4% during the forecast period. In the UK, Electric Vehicle DC Fast Charger sales witness an upswing due to the increasing adoption of electric vehicles (EVs) and the presence of supportive government policies.

• The France Electric Vehicle DC Fast Chargers market is projected to witness growth at a CAGR of 25.8% during the forecast period with a market size of USD 243.30 million in 2024.
• According to Cognitive Market Research, the Germany Electric Vehicle DC Fast Chargers market size was valued at USD 523.62 million in 2024 and is projected to grow at a CAGR of 26.8% during the forecast period. In Germany, Electric Vehicle DC Fast Charger sales surge due to the increasing adoption of EVs and supportive government policies. 
• The Italy Electric Vehicle DC Fast Chargers market is projected to witness growth at a CAGR of 26.0% during the forecast period with a market size of USD 227.43 million in 2024.
• The Russia Electric Vehicle DC Fast Chargers market is projected to witness growth at a CAGR of 25.6% during the forecast period with a market size of USD 409.91 million in 2024.
• The Spain Electric Vehicle DC Fast Chargers market is projected to witness growth at a CAGR of 25.7% during the forecast period with a market size of USD 216.85 million in 2024.
• The Luxembourg Electric Vehicle DC Fast Chargers market is projected to witness growth at a CAGR of 26.7% during the forecast period with a market size of USD 81.98 million in 2024.
• The Portugal Electric Vehicle DC Fast Chargers market is projected to witness growth at a CAGR of 26.4% during the forecast period with a market size of USD 55.54 million in 2024.
• The Greece Electric Vehicle DC Fast Chargers market is projected to witness growth at a CAGR of 26.9% during the forecast period with a market size of USD 31.73 million in 2024.
• Rest of Europe Electric Vehicle DC Fast Chargers market is projected to witness growth at a CAGR of 25.3% during the forecast period with a market size of USD 409.91 million in 2024.

Asia Pacific Electric Vehicle DC Fast Charger Market

According to Cognitive Market Research, the global Electric Vehicle DC Fast Charger market size was estimated at USD 8815.2 Million out of which Asia Pacific is the fastest growing market of more than 23% of the global revenue with a market size of USD 2027.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 30.1% from 2024 to 2031.  Asia Pacific is the fastest-growing region in the Electric Vehicle DC Fast Charger Market, driven by several factors. The region's large population, rapid urbanization, and increasing environmental concerns are driving the demand for electric vehicles and charging infrastructure. The Electric Vehicle DC Fast Charger Market in Asia Pacific is segmented based on charger type, power output, and end-user. DC fast chargers are preferred for their rapid charging capabilities, catering to the needs of EV drivers looking for quick and convenient charging solutions. In conclusion, the Electric Vehicle DC Fast Charger Market in Asia Pacific is experiencing rapid growth, driven by the increasing adoption of electric vehicles and supportive government policies. As the market continues to expand, key players are focusing on innovation and partnerships to meet the growing demand for DC fast chargers in the region.

• According to Cognitive Market Research, the China Electric Vehicle DC Fast Chargers market size was valued at USD 912.37 million in 2024 and is projected to grow at a CAGR of 29.6% during the forecast period. Electric Vehicle DC Fast Charger sales surge in China due to the strong focus on electric vehicle adoption and infrastructure development.
• The Japan Electric Vehicle DC Fast Chargers market is projected to witness growth at a CAGR of 28.6% during the forecast period with a market size of USD 279.79 million in 2024.
• The India Electric Vehicle DC Fast Chargers market had a market share of USD 243.30 million in 2024 and is projected to grow at a CAGR of 31.9% during the forecast period. The demand is augmented by rapid urbanization, and increasing environmental concerns.
• The South Korea Electric Vehicle DC Fast Chargers market is projected to witness growth at a CAGR of 29.2% during the forecast period with a market size of USD 202.75 million in 2024.
• The Australia Electric Vehicle DC Fast Chargers market is projected to witness growth at a CAGR of 29.8% during the forecast period with a market size of USD 105.43 million in 2024.
• The South East Asia Electric Vehicle DC Fast Chargers market is projected to witness growth at a CAGR of 31.1% during the forecast period with a market size of USD 139.90 million in 2024.
• The Rest of Asia Pacific Electric Vehicle DC Fast Chargers market is projected to witness growth at a CAGR of 29.9% during the forecast period with a market size of USD 143.95 million in 2024.

South America Electric Vehicle DC Fast Charger Market

According to Cognitive Market Research, the global Electric Vehicle DC Fast Charger market size was estimated at USD 8815.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 440.76 million in 2024 and will grow at a compound annual growth rate (CAGR) of 27.5% from 2024 to 2031. Latin America is an emerging region in the Electric Vehicle DC Fast Charger Market, experiencing steady growth due to increasing awareness of electric vehicles (EVs) and government incentives. The Electric Vehicle DC Fast Charger Market in Latin America is segmented based on charger type, power output, and end-user. DC fast chargers are preferred for their rapid charging capabilities, meeting the needs of EV drivers seeking convenient charging solutions. In conclusion, the Electric Vehicle DC Fast Charger Market in Latin America is experiencing gradual growth, driven by increasing EV adoption and government support. As the market continues to mature, key players are focusing on innovation and partnerships to meet the rising demand for DC fast chargers in the region.

 

• According to Cognitive Market Research, the Brazil Electric Vehicle DC Fast Chargers market size was valued at USD 188.65 million in 2024 and is projected to grow at a CAGR of 28.1% during the forecast period. Electric Vehicle DC Fast Charger sales flourish in Brazil due to the increasing awareness of electric vehicles (EVs) and government incentives.
• The Argentina Electric Vehicle DC Fast Chargers market had a market share of USD 74.05 million in 2024 and is projected to grow at a CAGR of 28.4% during the forecast period. The demand is augmented by growing urbanization and infrastructure development.
• The Colombia Electric Vehicle DC Fast Chargers market is projected to witness growth at a CAGR of 27.3% during the forecast period with a market size of USD 39.23 million in 2024.
• The Peru Electric Vehicle DC Fast Chargers market is projected to witness growth at a CAGR of 27.7% during the forecast period with a market size of USD 36.14 million in 2024.
• The Chile Electric Vehicle DC Fast Chargers market is projected to witness growth at a CAGR of 27.8% during the forecast period with a market size of USD 31.73 million in 2024.
• The Rest of Latin America Electric Vehicle DC Fast Chargers market is projected to witness growth at a CAGR of 26.6% during the forecast period with a market size of USD 70.96 million in 2024.

Middle East and Africa Electric Vehicle DC Fast Charger Market

According to Cognitive Market Research, the global Electric Vehicle DC Fast Charger market size was estimated at USD 8815.2 Million out of which Middle East and Africa market of more than 2.00% of the global revenue with a market size of USD 176.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 27.5% from 2024 to 2031. The Middle East and Africa region is witnessing a gradual but steady growth in the Electric Vehicle DC Fast Charger Market, driven by factors such as increasing awareness of electric vehicles (EVs), government initiatives, and the need for sustainable transportation solutions. The Electric Vehicle DC Fast Charger Market in the Middle East and Africa is segmented based on charger type, power output, and end-user. DC fast chargers are preferred for their rapid charging capabilities, catering to the needs of EV drivers looking for quick and convenient charging solutions. In conclusion, the Electric Vehicle DC Fast Charger Market in the Middle East and Africa is poised for growth, driven by increasing EV adoption and supportive government policies. As the market continues to evolve, key players are focusing on innovation and partnerships to meet the growing demand for DC fast chargers in the region.

 

• According to Cognitive Market Research, the GCC Countries Electric Vehicle DC Fast Chargers market size was valued at USD 75.46 million in 2024 and is projected to grow at a CAGR of 28.6% during the forecast period. Electric Vehicle DC Fast Charger sales flourish in the GCC Countries due to the increasing awareness of electric vehicles (EVs), government initiatives.
• The Egypt Electric Vehicle DC Fast Chargers market is projected to witness growth at a CAGR of 28.1% during the forecast period with a market size of USD 18.51 million in 2024.
• The South Africa Electric Vehicle DC Fast Chargers market is projected to witness growth at a CAGR of 28.8% during the forecast period with a market size of USD 27.86 million in 2024.Electric Vehicle DC Fast Charger sales flourish in the South Africa due to the need for sustainable transportation solutions.
• The Turkey Electric Vehicle DC Fast Chargers market is projected to witness growth at a CAGR of 27.3% during the forecast period with a market size of USD 15.16 million in 2024.
• The Nigeria Electric Vehicle DC Fast Chargers market is projected to witness growth at a CAGR of 26.9% during the forecast period with a market size of USD 18.51 million in 2024.
• The Rest of MEA Electric Vehicle DC Fast Chargers market is projected to witness growth at a CAGR of 26.8% during the forecast period with a market size of USD 20.80 million in 2024.

Electric Vehicle DC Fast Charger Market Analysis

Electric Vehicle DC Fast Charger Market Segment Analysis 

According to Cognitive Market Research, the dominant category for charging power is 100-200 kW. This range of charging power is widely adopted due to its balance between charging speed and infrastructure cost. Many electric vehicles (EVs) on the market are compatible with chargers in this power range, making it a popular choice for both public and private charging stations. Additionally, 100-200 kW chargers are capable of providing a reasonably fast charging speed without requiring expensive upgrades to the grid infrastructure, making them a practical choice for many applications.

The fastest-growing category in the Electric Vehicle DC Fast Charger market is above 200 kW. This growth is driven by the increasing demand for faster charging times, especially as EV battery capacities continue to increase. High-power chargers above 200 kW can significantly reduce charging times compared to lower-power alternatives, making them attractive for commercial and long-distance charging stations.

• Below 100 KW
• 100-200 KW
• Above 200KW

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 DC Fast Charger Industry. Request a Free Sample PDF!

Electric Vehicle DC Fast Charger Market Segment Analysis 

According to Cognitive Market Research, the dominant category for charger types is the SAE Combo Charging System (CCS). This category has become dominant due to its widespread adoption by major automakers. The CCS standard is favored for its compatibility with a wide range of electric vehicles, including many popular models, making it a practical choice for charging infrastructure providers looking to serve a broad customer base.

The fastest-growing category in the Electric Vehicle DC Fast Charger market is the Supercharger category. Superchargers, popularized by Tesla, offer high charging speeds and are often located along major travel routes, making them ideal for long-distance travel. The growth of this category is driven by the increasing popularity of Tesla vehicles and the expansion of Tesla's Supercharger network.

• CHAdeMO
• SAE Combo Charging System (CCS)
• Supercharger

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

Electric Vehicle DC Fast Charger Installation Segment Analysis

According to Cognitive Market Research, the dominant category for installation types is fixed chargers. Fixed chargers are permanently installed at specific locations, such as parking lots, gas stations, and along highways. They are typically more powerful than portable chargers and can provide faster charging speeds. The dominance of fixed chargers is driven by their convenience and reliability, as they are always available for use and do not require setup or assembly.

The fastest-growing category in the Electric Vehicle DC Fast Charger market is portable chargers. Portable chargers are designed to be easily transported and can be used in various locations, including homes, workplaces, and public charging stations. The growth of portable chargers is driven by the increasing demand for flexibility and convenience in charging electric vehicles.

• Fixed
• Portable

Electric Vehicle DC Fast Charger End User Segment Analysis

According to Cognitive Market Research, the dominant category for end users is public charging stations. Public charging stations are essential for EV owners who do not have access to home charging units or need to charge their vehicles while on the go. These stations are often located in convenient places such as shopping centers, parking lots, and along highways, making them easily accessible to EV owners. The dominance of public charging stations is driven by the growing number of electric vehicles on the road and the need for reliable and accessible charging infrastructure to support their widespread adoption.

The fastest-growing category in the Electric Vehicle DC Fast Charger market is home charging units. Home charging units allow EV owners to charge their vehicles at their residence, providing convenience and flexibility. The growth of home charging units is driven by the increasing number of EV owners who prefer to charge their vehicles at home, where they can take advantage of lower electricity rates and the convenience of charging overnight.

• Home charging unit
• Public charging station

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

LinkedIn

Profile

An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile & Transportation vertical.

Author's Conclusion