Electric Vehicles & Electric Vehicle Chargers Market Analysis by Private vs Public Infrastructure, Charging Capacity, Charger Application, Customer Type, Vehicle Type - Global Market Analysis, Predictions & Growth Opportunities, 2018-2030

PTR's Electric Vehicle (EV) and EV Charging Infrastructure Market Service aims to cover the market of Electric Vehicles (EVs) and EV Charging hardware in an unparalleled detail. The purpose of the service is to help you explore this double-digit growth market so you can align your product and market strategy to capture the maximum benefit and mitigate risks by planning in time to prepare to address this 3.4 billion USD market.

Globally, EV charging market is expected to grow with a CAGR of 23% in the next decade, within which, public charging and private charging infrastructure are expected to grow with a CAGR of 18% and 26% respectively between 2021-2030. There was a promising 29% increase in annual additions of DC charging points globally from 2020-2021. APAC has the highest number of DC chargers installed with 269,943 charging points out of which almost 97% are in China. While the DC fast charging is gaining significant traction in the market, supported by increasing battery sizes, AC charging would still hold the majority share in public charging infrastructure.

Residential charging is generally driven by incentives provided by country governments; hence government policies and budgets play a significant role in EVSE installations at homes. Whereas the tendency to buy a residential charger is much higher for people owning a battery electric vehicle compared to plug in hybrid vehicles; hence countries with higher number of PHEVs have lesser residential chargers. Globally, there are around 5 million residential chargers for more than 16 million passenger electric vehicles.

Another large segment of private EV charging, after residential, is the commercial vehicles charging points. AC charging is the preferred mechanism for overnight charging of light commercial vehicles, buses, and trucks, but in case of opportunity charging, DC charging is being more favored. This trend is expected to remain the same over the years considering the charging the need of such vehicles.

We are also observing that Oil giants are diversifying into the EV charging business, by either using the current infrastructure of gas stations to install chargers or by acquiring CPOs (Charge Point Operators) and EMSPs (Electric Mobility Service Providers). Furthermore, it is expected that vehicles owned by governments and large multinational companies are expected to electrify their fleets before widespread adoption of electric passenger vehicles by public in most countries.

In this service, the market size is segmented by three different lenses: Charger Capacity or Size (kW), Charger Application and Charger Customer. Market sizing by capacity rating is aimed to help you create your product strategy by understanding the demand of AC and DC chargers across various sizes for public and private applications. Market sizing by Application focuses on end applications including Residential, Workplace, Depot, Destination and En-route charging, which enables you to understand the growth drivers of the market in detail looking at the end-application segments and how their plans of EVSE incorporation are affecting the market. Lastly, the segmentation by charger owner gives a clear picture of who is buying these chargers as the end-application and the actual owner/operator of the EV charger can sometime be very different e.g., a Utility installing the charger on a highway (en-route).

In addition to the Charging Hardware market, the service also covers in a country specific detail the market demand of four types of Electric Vehicles: Passenger EVs, Electric Light Commercial Vehicles (e-LCVs), Electric Buses (e-Buses) and Electric Trucks (e-Trucks) for 28 countries around the world, with further segmentation by BEV vs PHEV for Passenger EVs and E-LCVs.