PUBLISHER: Grand View Research | PRODUCT CODE: 1908690
PUBLISHER: Grand View Research | PRODUCT CODE: 1908690
The global charging as a service market size was estimated at USD 406.5 million in 2025, and is projected to reach USD 2,875.9 million by 2033, growing at a CAGR of 28.6% from 2026 to 2033. Electric vehicle (EV) charging-as-a-service provides an efficient infrastructure for a quick, accessible, and easy charging experience for electric vehicles.
Charging-as-a-service (CaaS) offers many advantages to EV charging service providers where they do not have to stress over the cost of installation, ownership, and maintenance. The market growth can be attributed to the growing sales of electric vehicles, increasing demand for public charging infrastructure, lower upfront costs, and the overall cost efficiency of CaaS. As sales of electric vehicles are increasing globally, the demand for charging infrastructure is expanding. According to the International Energy Agency, global EV sales reached 14 million in 2023, marking a 35% increase compared to 2022.
However, this unprecedented growth in the sales of electric vehicles needs to be backed by a robust charging infrastructure that is enough for the total EV-using population. Moreover, a looming lack of public charging infrastructure and a dearth of enough space and capital to install EV charging infrastructure in personal spaces is driving the demand for charging as a service business model, thereby propelling the market growth.
Charging-as-a-service provides a low-risk and economical approach to electric vehicle charging, which expands EV charging infrastructure to many more places. It provides EV drivers with a reliable network of charging wherever they go, reducing their vehicle range anxiety. Due to these advantages, the demand for charging-as-a-service is increasing, driving the market's growth.
Global Charging As A Service Market Report Segmentation
The report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the charging-as-a-service market report based on service, charging station, application, and region.