Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 7.41 Billion | USD 15.06 Billion | 8.2% | 2024 |
FrequentlyAsked Questions
An Electric Vehicle Charging Station (EVCS) is a facility that supplies electric power to recharge the batteries of electric vehicles (EVs), including battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs). These stations are essential for supporting the growing adoption of EVs by providing convenient and efficient charging options
The global electric vehicle charging station market is expected to grow due to increasing adoption of electric vehicles, government incentives for EV infrastructure, advancements in fast-charging technology, and growing investments in renewable energy integration.
According to a study, the global electric vehicle charging station market size was worth around USD 7.41 Billion in 2024 and is expected to reach USD 15.06 Billion by 2034.
The global electric vehicle charging station market is expected to grow at a CAGR of 8.2% during the forecast period.
Asia-Pacific is expected to dominate the electric vehicle charging station market over the forecast period.
Leading players in the global electric vehicle charging station market include BYD, Tesla, ChargePoint, Shell, ABB, Leviton Manufacturing Co. Inc., Evbox (ENGIE), Siemens AG, Schneider Electric SE, Qingdao Tgood Electric Co. Ltd, among others.
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