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
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Key Statistics
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Base Year
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2023
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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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.
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.
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:
Breakup by Vehicle Type:
Breakup by Installation Type:
Breakup by Charging Level:
Breakup by Connector Type:
Breakup by Application:
Breakup by Country:
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 Features | Details |
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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) |
We expect the Asia Pacific electric vehicle charging station market to exhibit a CAGR of 26.89% during 2024-2032.
The rising consumer environmental concerns toward the increasing vehicular pollution levels, along with the widespread adoption of electric vehicle charging station across parking garages near offices, homes, industrial complexes, etc., are primarily driving the Asia Pacific electric vehicle charging station market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several Asia Pacific nations, resulting in the temporary halt in numerous installation activities for electric vehicle charging stations.
Based on the charging station type, the Asia Pacific electric vehicle charging station market has been segregated into AC charging, DC charging, and inductive charging. Currently, AC charging exhibits clear dominance in the market.
Based on the connector type, the Asia Pacific electric vehicle charging station market can be bifurcated into Combines Charging Station (CCS), CHAdeMO, normal charging, tesla supercharger, Type-2 (IEC 621196), and others. Among these, Combines Charging Station (CCS) holds the largest market share.
On a regional level, the market has been classified into China, Japan, India, South Korea, Australia, Indonesia, and others, where China currently dominates the Asia Pacific electric vehicle charging station market.
Some of the major players in the Asia Pacific electric vehicle charging station market include ABB, BlueSG (Bolloré Group), Delta Electronics, Inc., Eaton, Schneider Electric, Shell, Siemens, Tata Power (Tata Sons Private Limited), Tesla, and TGOOD Global Ltd.