Market Overview:
The Asia pacific electric vehicle charging station market size is expected to exhibit a growth rate (CAGR) of 26.89% during 2024-2032.
Report Attribute
|
Key Statistics
|
Base Year
|
2023
|
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Growth Rate (2024-2032) |
26.89% |
An electric vehicle (EV) charging station supplies electric energy to recharge plug-in electric vehicles, battery electric vehicles, and hybrid electric vehicles. Generally, these charging infrastructures offer three types of charging, AC charging, DC charging, and inductive charging. EV charging stations are equipped with multiple connectors, such as Combined Charging System (CCS), CHAdeMO, Tesla supercharger, Type-2, etc. These charging stations are usually deployed across parking garages near supermarkets, offices, homes, industrial complexes, etc.
Asia Pacific Electric Vehicle Charging Station Market Trends:
In the Asia Pacific region, the growing environmental concerns towards the high vehicular pollution levels have augmented the demand for electric vehicles. This, in confluence with soaring fuel prices and increasing cost-effectiveness of EVs and HEVs, are propelling the market for electric vehicle charging stations. Apart from this, the rising number of government initiatives to create awareness for reducing carbon footprints is also driving the market growth across APAC countries. Moreover, numerous government bodies are offering subsidies and financial aids to promote the purchase of EVs, which is further catalyzing the demand for electric vehicle charging stations. Additionally, the introduction of numerous electrification programs in the public transport sector for replacing fuel-based vehicles with their safer and cleaner alternatives is also bolstering the market growth. Several government agencies across the Asia Pacific countries are heavily investing in the development of high-capacity public charging infrastructures, particularly for heavy-duty vehicles. Apart from this, the growing installation of the Combined Charging System (CCS) and Tesla supercharger connectors based on their compatibility and ultra-fast charging speeds is also propelling the regional market. In the coming years, the rising integration of EV charging stations with various advanced technologies, such as telematics devices, remote sensors, wireless connectivity, etc., will continue to drive the market growth in the Asia Pacific region during the forecast period.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Asia pacific electric vehicle charging station market report, along with forecasts at the regional and country level from 2024-2032. Our report has categorized the market based on charging station type, vehicle type, installation type, charging level, connector type and application.
Breakup by Charging Station Type:
- AC Charging
- DC Charging
- Inductive Charging
Breakup by Vehicle Type:
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Hybrid Electric Vehicle (HEV)
Breakup by Installation Type:
- Portable Charger
- Fixed Charger
Breakup by Charging Level:
Breakup by Connector Type:
- Combines Charging Station (CCS)
- CHAdeMO
- Normal Charging
- Tesla Supercharger
- Type-2 (IEC 621196)
- Others
Breakup by Application:
Breakup by Country:
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB, BlueSG (Bolloré Group), Delta Electronics, Inc., Eaton, Schneider Electric, Shell, Siemens, Tata Power (Tata Sons Private Limited), Tesla and TGOOD Global Ltd.
Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
US$ Billion |
Segment Coverage |
Charging Station Type, Vehicle Type, Installation Type, Charging Level, Connector Type, Application, Country |
Countries Covered |
China, Japan, India, South Korea, Australia, Indonesia, Others |
Companies Covered |
ABB, BlueSG (Bolloré Group), Delta Electronics, Inc., Eaton, Schneider Electric, Shell, Siemens, Tata Power (Tata Sons Private Limited), Tesla and TGOOD Global Ltd., etc. |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |