Electric Vehicle (EV) Charging Market size was valued at

New York, Dec. 8, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Electric Vehicle Charging Market by Charge Type, Charge Voltage Level, Charge Point Type, Charger Type, Application, Charging Infrastructure Type, Installation Type, IoT Connectivity: Global Opportunity Analysis and Industry Forecast 2022-2030” – https://www.reportlinker.com/p06371373/?utm_source=GNW
7–22 KW) and level 3 (above 22 KW)), charging point type (AC (normal charging), DC (supercharging), and inductive/wireless charging), charger type (slow charger and fast charger), application (commercial and residential), type of charging infrastructure (combined charging system (CCS), CHAdeMO, type 1/normal charger, Tesla supercharger, type 2 and GB/T (level 3)), type of installation (portable charger and Fixed Charger), IoT Connectivity (Unconnected Charging Stations and Smart (Grided) Connected Charging Stations) – Global Opportunity Analysis and Industry Forecast 2022–2030

The size of the electric vehicle (EV) charging market was valued at USD 14.49 billion in 2021 and is projected to reach USD 128.13 billion by 2030 with a CAGR of 28.2% during the forecast period , 2022 to 2030.
The demand for electric vehicle charging has increased worldwide, due to the increase in demand for fuel-efficient vehicles, due to the increase in the price of gasoline and diesel. This is attributed to the drain on fossil fuel reserves and the growing tendency for companies to derive maximum revenue from these oil reserves. These factors increase the demand for EV infrastructure for transportation, which is expected to boost the EV charging market share.
However, the high initial setup costs of fast chargers, including tier 3 and ultra-fast chargers, are hampering market growth. On the contrary, the increased adoption of vehicle-to-grid (V2G) stations that enable plug-in electric vehicles and the electric grid to exchange electric power in both directions for electric vehicles is expected to create ample opportunities for key players operating in charging electric vehicles. market over the next decade.

Segment Overview
The global electric vehicle charging market is segmented based on charging type, charging voltage level, charging point type, charger type, application, charging infrastructure type, installation type, IoT connectivity and the region.
– By type of load, the market is classified into external top-down pantograph, on-board bottom-up pantograph and connector charging.
– By charging voltage level, the market is segmented into Level 1 (<3.7 KW), Level 2 (3.7–22 KW) and Level 3 (Over 22 KW).
– By type of charging point, the market is classified into AC (normal charging), DC (supercharging) and inductive/wireless charging.
– By type of charger, the market is divided into slow charger and fast charger.
– By application, the market is divided into commercial and residential.
– By charging infrastructure, the market is segmented into combined charging system (CCS), CHAdeMO, type 1/normal charger, tesla supercharger, type 2 and GB/T (level 3).
– By type of installation, the market is segmented into portable charger and fixed charger.
– By IoT connectivity, the market is classified into non-connected charging stations and smart connected (networked) charging stations.
– Regarding the region, the market is segmented into North America, Europe, Asia-Pacific and the rest of the world.

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Regional Analysis
The Asia Pacific market is projected to have a dominant share by 2030.
Asia-Pacific dominates the EV charging market and is expected to remain dominant throughout the forecast period. This is attributed to the rapid increase in the number of electric vehicles and government subsidies when buying electric vehicles in emerging economies such as India, China and Indonesia.
Additionally, growing support and packages announced by governments to install EV charging infrastructure across the region are driving market growth. Furthermore, the presence of key players such as BYD, Hyundai and Tata Motors enabled several innovations in EV chargers that further fuel the growth of the product.

Key Market Players
Emerging and efficient key players in the electric vehicle (EV) charging industry research include companies such as:
•ABB
• Tesla Inc.
• Charging point
• Shell charging solutions
• Star charge
• TELEPHONE
•Siemens
• BYD
• EVgo
• Hyundai Motor Company

recent developments
October 2022
ChargePoint, Inc. announced the launch of the CP6000, which is its most flexible and useful global AC EV charging solution available for vehicles of all types and sizes. Designed for scalability, flexibility, reliability, and a best-in-class driving experience, the CP6000 offers reliable AC charging for single- or three-phase power with adaptable output from 3.7 to 22 kw per port.
September 2022
EVgo Inc. launched Autocharge+, setting a new standard for EV convenience by enabling optimized charging for EV drivers across the country.
May 2022
ABB’s electric mobility unit has acquired a majority stake in Numocity, an Indian digital platform for charging electric vehicles. It is already a shareholder in the business and is expected to rise to a controlling majority of 72%, with the right to become the sole owner by 2026. With this acquisition, it will expand into Southeast Asia and the Middle East. The region has seen a growing demand for charging solutions for two and three wheelers.
March 2022
BYD has partnered with Shell to expand its electric vehicle charging network in China and Europe. The two companies developed electric vehicle charging networks in China, starting with a network of more than 10,000 charging points in Shenzhen.
February 2022
Siemens eMobility collaborated with Ford on the Ford Charge Station Pro, a custom electric vehicle (EV) charger for the Ford F-150 Lightning. This innovative charger was the first bi-directional ready EV solution to be released at retail customer scale to receive certification under the newly expanded Underwriters Laboratories (UL) 9741.
Read the full report: https://www.reportlinker.com/p06371373/?utm_source=GNW

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