According to our latest market study on ""EV Charging Infrastructure Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Platform, Hardware, Charger Type, and IEC Mode,"" the market is expected to reach US$ 95.98 Billion in 2027, registering a CAGR of 36.8% during the forecast period 2019-2027

The forecast period is seeing a significant rise in the EV Charging Infrastructure market, driven by the widespread adoption of public and private electric vehicles worldwide. Environmental concerns have led automotive manufacturers to focus on advanced technologies to reduce emissions. Conventional vehicles, such as internal combustion engine vehicles, rely on fossil fuels and emit greenhouse gases. Electric vehicles, including battery electric vehicles, hybrid electric vehicles, and plug-in hybrid electric vehicles, are the only viable alternative to fuel-based vehicles. The increasing adoption of electric vehicles, especially in developed countries is driving the demand for EV charging infrastructure for commercial and residential applications. Governments worldwide have introduced incentives for vehicle owners to promote the adoption of electric vehicles, with a strong emphasis on environmental concerns. This factor is accentuating the growth of the EV Charging Infrastructure industry.

The EV Charging Infrastructure market has been analysed based on market trends and revenue factors across five regions worldwide. Asia Pacific is leading the growth of the market due to the presence of several developing economies with diverse sectors such as manufacturing, construction, and technology, attracting investments from regulatory bodies. This will contribute to the adoption of electric vehicles in various countries, driving the demand for EV charging infrastructure. Meanwhile, Europe and North America currently hold the highest market share. The market is anticipated to experience significant growth in the future, although it may face challenges such as spamming and fraudulent activities on a global scale.

The Chinese EV charging infrastructure market in the Asia Pacific region has already reached maturity both regionally and globally. In contrast, Japan's market is emerging, with a significant focus on the development of EV charging infrastructure. The State Grid Corporation, a Chinese state-owned enterprise, controls on-highway EV charging stations, while private companies operate off-highway EV charging infrastructure. In Europe, strict regulations implemented by different governments to reduce the amount of CO2 in the air have led to increased adoption of EVs among the population. This has further accelerated the installation of EV charging infrastructure in various countries, contributing to the growth of the EV charging infrastructure market. As a result, the market for EV charging infrastructure is expected to experience significant growth in Europe during the forecast period.

The major players operating in the market for EV charging infrastructure industry include ABB Ltd., ABM Industries Incorporated, Bosch Automotive Service Solution, ChargePoint, Inc., Delta Electronics, Driivz Ltd., EVbox, Leviton Manufacturing Co., Inc., Siemens AG, and Tesla, Inc. among others.

The report segments the global market as follows:

GLOBAL EV CHARGING INFRASTRUCTURE MARKET - BY PLATFORM Hardware Services

GLOBAL EV CHARGING INFRASTRUCTURE MARKET - BY HARDWARE AC Chargers DC Chargers

GLOBAL EV CHARGING INFRASTRUCTURE MARKET - BY CHARGER TYPE Public Charger Private Chargers

GLOBAL EV CHARGING INFRASTRUCTURE MARKET - BY GEOGRAPHY North America Europe Asia Pacific (APAC) Rest of the World Middle East and Africa South America

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