Electric Vehicle (EV) Charging Infrastructure Market Size, Share & Trends Report

Electric Vehicle (EV) Charging Infrastructure Market Size, Share & Trends Analysis Report By Charger Type, By Connector, By Level Of Charging, By Connectivity, By Application, By Region, And Segment Forecasts, 2024 - 2030

  • Report ID: GVR-1-68038-458-1
  • Number of Pages: 160
  • Format: Electronic (PDF)
  • Historical Range: 2017 - 2023
  • Industry: Technology

Research Methodology

A three-pronged approach was followed for deducing the electric vehicle (EV) charging infrastructure market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for electric vehicle (EV) charging infrastructure market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of electric vehicle (EV) charging infrastructure market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Electric Vehicle (EV) Charging Infrastructure Market Categorization:

The electric vehicle (EV) charging infrastructure market was categorized into ten segments, namely charger type (Slow Charger, Fast Charger), charging type (AC, DC), installation type (Fixed, Portable), connector (CHAdeMO, CCS), level of charging (Level 1, Level 2, Level 3), connectivity (Non-connected Charging Stations, Connected Charging Stations), operation (Mode 1, Mode 2, Mode 3, Mode 4), deployment (Private, Semi-Public, Public), application (Commercial, Residential), and region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)

Segment Market Methodology:

The electric vehicle (EV) charging infrastructure market was segmented into charger type, charging type, installation type, connector, level of charging, connectivity, operation, deployment, application, and region. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The electric vehicle (EV) charging infrastructure market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into sixteen countries, namely, the U.S.; Canada; Netherlands; the UK; Germany; France; Norway; China; Japan; India; South Korea; Brazil; Mexico; Kingdom of Saudi Arabia; South Africa; UAE. 

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Electric Vehicle (EV) charging infrastructure market companies & financials:

The electric vehicle (EV) charging infrastructure market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • ABB Ltd. ABB Ltd. is a multinational company primarily engaged in robotics, automation, and power technology. The company offers electrification products, motion and process automation systems, and robotics and discrete automation software and services. The company has a presence in Europe, the Americas, Asia, the Middle East, and Africa regions. 

  • ChargePoint, Inc. ChargePoint, Inc. is a provider of charging technology solutions for electric vehicles, with a focus on creating a comprehensive charging network that promotes the use of electricity in the transportation sector. The company offers networked charging solutions for commercial use, fleets, and residential use, in North America and Europe. As of January 31, 2022, ChargePoint Inc. had around 174,000 active charging ports on its network, which includes approximately 11,500 fast-charging DC ports, except for individual home ports. Furthermore, the company has integrated its network with various other charging providers, which allows electric vehicle drivers to access over 300,000 additional charging ports in North America and Europe via the company’s mobile and in-dash applications. 

  • Leviton Manufacturing Co., Inc. Leviton Manufacturing Co., Inc. is an electrical and electronic component manufacturer. The company has a global presence with sales operations in over 85 countries. It offers a vast range of over 25,000 products and holds approximately 600 patents. It is engaged in developing network and data connectivity solutions in addition to building electrical wiring devices and lighting energy management systems for industrial, commercial, and residential buildings. It also manufactures receptacles, daylight harvesting controls, switches, and equipment for charging electric vehicles. 

  • Blink Charging Co. Blink Charging Co. offers a range of residential and commercial charging equipment and networked services for EV owners. The company's subsidiaries handle manufacturing, ownership, operation, and provision of these services, catering to the growing demand for EV charging in the U.S. and international markets. The company’s offerings enable electric vehicle drivers to conveniently recharge their vehicles at different types of locations. In June 2022, Blink Charging Co. acquired SemaConnect, Inc., a manufacturer and supplier of electric vehicle charging solutions. 

  • Tesla Inc. Tesla Inc. specializes in designing, developing, manufacturing, and offering services related to energy generation and storage systems and highperformance fully electric vehicles. The company’s two reportable segments are automotive and energy generation and storage. The automotive segment encompasses the design, development, manufacturing, sales, and leasing of highperformance fully electric vehicles. It also includes the sale of automotive regulatory credits and other services, such as sales of used vehicles, non-warranty aftersales vehicle services and parts, paid supercharging, retail merchandise, and vehicle insurance.

  • Webasto Group Webasto Group is a global manufacturer primarily engaged in providing systems and accessories for the automotive sector. The company focuses on the development, manufacturing, and sales of a wide range of roofs and convertible systems, along with heating, cooling, and ventilation systems for commercial and passenger vehicles, recreational vehicles, special vehicles, and boats. It also offers battery systems and electric vehicle charging stations to global automotive manufacturers. The company has a global presence and has manufacturing sites located in the U.S., Europe, Latin America, and Asia Pacific.

  • bp pulse bp pulse designs, manufactures, and sells charging units for sectors such as residential, commercial, and public. It offers wall-mounted units, postmounted units, rapid charge units, home units, and workplace charging units. It also offers various accessories and installation services related to electric vehicle charging. The company emphasizes its collaboration strategy, and its prominent partners include BMW, Mitsubishi, Kia, Milton Keynes, and Mercedes-Benz. bp pulse is the Electric Vehicle (EV) charging business of BP p.l.c.

  • Eaton Corporation plc Eaton Corporation plc is a power management company that provides solutions to manage mechanical, hydraulic, and electrical power systems. It has a wide global presence and sells its products in over 175 countries worldwide. It operates through five business segments, namely Electrical Americas and Electrical Global, Aerospace, Vehicle, eMobility, Hydraulics. 

  • Schneider Electric Schneider Electric is a manufacturer and marketer of industrial engineering equipment primarily engaged in energy management, digital transformation, and automation in home, industry, data center, and infrastructure. The company provides energy efficient, productive, reliable, safe, and eco-friendly technologies & solutions. It operates through two segments, namely Low Voltage (Building), Industrial Automation (Industry), Medium Voltage (Infrastructure), and Secure Power (IT). 

  • Siemens Siemens is a global manufacturer and supplier of products and solutions for power generation & transmission and medical diagnosis. The company is engaged in designing, developing, and manufacturing products related to electrification, automation, and digitalization. The company’s business segment includes Digital Industries, Smart Infrastructure, Mobility, and Siemens Healthineers.

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Electric Vehicle (EV) Charging Infrastructure Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2022, historic information from 2017 to 2023, and forecast from 2024 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Electric Vehicle (EV) Charging Infrastructure Market Report Assumptions:

  • The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

What questions do you have? Get quick response from our industry experts. Request a Free Consultation



This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.



We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities.

Contact us now to get our best pricing.

esomar icon

ESOMAR certified & member


ISO Certified

We are GDPR and CCPA compliant! Your transaction & personal information is safe and secure. For more details, please read our privacy policy.

great place to work icon