24/7 Customer Support

Electric Vehicle Charging Station Market – Industry Dynamics, Market Size, and Opportunity Forecast to 2027

Global EVCS Market (By Charger Type – Slow Charger (≤ 22 kW), Fast Charger (> 22 kW); By Connector Protocol – CHAdeMO, Combined Charging System (CCS), Others; By Application – Commercial, Residential; By Charging Method – AC Charging, DC Charging; By Region/ Country – North America, Europe, Asia Pacific, Middle East & Africa (MEA) and South America) – Industry Dynamics, Market Size, and Opportunity Forecast to 2027

  • Published On: 29-Apr-2021  |  Format: pdfpowerpointexcel  |  Report ID: AA0421078
    Delivery: 2 to 4 Hours


Report AttributeDetails
Market Size Value in 2020US$ 26.09 Bn
Expected Revenue in 2027US$ 93  Bn
Historic Data2017-2019
Base Year2020
Forecast Period2021-2027
UnitValue (USD Bn)
Segments coveredBy Charger Type, Connector Protocol, Application, Charging Method, and Region
Key CompaniesABB Ltd., AeroVironment Inc., BYD Auto, Chargemaster PLC, ChargePoint, Inc., and other prominent players
Customization ScopeGet your customized report as per your preference. Ask for customization


The global electric vehicle charging station market in 2020 was valued US$26,091.2 Million

The report provides market size estimates for period of 2017-2027. Wherein, 2017-2019 is the historic period. 2020 is the base year, and 2021-2027 is the forecast period. In all, forecast is provided for a term of 10 years in the report. 

Report provides market size forecast for period 2021-2027, with market estimated to grow at compounded annual growth rate of 20% by value and 17.5% by volume.

The market in 2019 was 819 thousand units.

Yes, report includes segment level analysis for Germany and France. Other countries can be added on request.

The report provides detailed segment level market size analysis and forecast for multiple parameters. These include: Charger Type (2 subsegments), Connector Protocol (3 subsegments), Application (2 subsegments), Charging Method (2 subsegments) and Region (5 subsegments).

Potential players include names such as ABB Ltd., BYD Auto, Chargemaster PLC, ChargePoint, Inc., Eaton Corporation plc, Siemens AG, Tesla Motors, Inc., and others.

For charging infrastructure cost, the elements are Material/supplies (57.6%), Labor cost (41.8%), Permit (0.4%) and Tax/Profit (0.2%).

The electric vehicles market is projected to grow at a CAGR of 18.6% in terms of volume from year 2021 to 2027.

The major drivers are growing concerns related to carbon emissions, increasing trend of electric vehicle adoption and government regulations and tax exemptions while restraining factors include high costs associated with setting up EV infrastructure, electricity costs uncertainty and requirement of space and emergence of hydrogen cell vehicles.

The cumulative market share of the four major players is close to 38.7%, hence there is loose oligopoly competition in the market.

Asia Pacific region dominated the market in 2019 with a market value of US$18,483.8Mn while South America is growing with highest annual growth rate of 33.8%.

Yes, report provides impact analysis of Covid-19 pandemic on market growth trend. 3 different scenarios are described in report depending on how the regions responds to pandemic and its effects and subsequent recovery strategies.