Europe EV Charging Infrastructure Market Key Players, Growth, Trends, Share, Opportunities, Forecast 2028

The Europe EV charging infrastructure market is expected to grow from US$ 2,561.65 million in 2021 to US$ 7,781.43 million by 2028. It is estimated to grow at a CAGR of 17.2% from 2021 to 2028.     

Surge in Production and Sales of Electric Vehicles   

The rising concern of the transportation sector's impact on the environment has led to an unprecedented requirement of decarbonizing transportation to meet climate goals and limit global warming, thereby increasing the adoption of low carbon technology in the transportation sector. The rising concerns for the adverse impact of transportation-related emissions and shift of consumer behavior toward zero-emission vehicles have resulted in a significant increase in the adoption of light-duty passenger vehicles across the region.

Additionally, the ever-rising demand for electric vehicles is fueled through huge investments made by automotive giants in the research, development, and production of electric vehicles. Furthermore, with the fall in prices of EVs and the availability of a greater number of models, electric vehicle production is set for exponential growth in an increasing number of countries, subject to their overall economic growth and policy support from the government. Further, AC level 2 charge points constitute the largest portion of passenger-car charging stations, typically installed at homes, workplaces, and temporary destinations like stores or street parking. Additionally, the need for high-power commercial DC fast chargers to power the large batteries deployed in heavy-duty electric vehicles is further driving the EV charging infrastructure market.

Therefore, the promising growth of the EV charging infrastructure market is being driven by the massive surge in the adoption of electric vehicles across the region, marked by a rise in demand and production.

📚 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲@ https://www.businessmarketinsights.com/sample/TIPRE00028817

Market Overview

When it comes to adopting electric mobility, the EU countries are among the frontrunners. The popularity of electric cars (EVs) has been steadily increasing in Europe since they first appeared on the market. About 1.4 million battery-electric cars (BEVs) and plug-in hybrid electric vehicles (PHEVs) were registered in 2020 in this region, a 137% increase over 2019. Aside from growing electric vehicle sales, the EV infrastructure is rapidly evolving. Between 2010 and 2020, Europe saw a fast expansion in available infrastructure for charging electric vehicles. However, from two in 2010 to eleven in 2020, the number of electric vehicles per charging station has increased to some extent. To put it another way, 11 automobiles must share a single publicly accessible charging station.

📚𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐋𝐢𝐧𝐤 @ https://www.businessmarketinsights.com/reports/europe-ev-charging-infrastructure-market

More charging stations must be built across Europe for electric vehicles to retain their upward trend and success, culminating in market expansion in the continent. According to the ACEA 2021 edition of the yearly 'Making the Transition to Zero-Emission Mobility' study, EV infrastructure has been quite uneven across Europe. There are approximately 224,237 electric vehicle charging stations in this region. Three countries, i.e., The Netherlands, Germany, and France, account for 70% of all EV charging points in Europe. The Netherlands has 66,665 electric vehicle charging stations, France has 45,751, and Germany has 44,538. These countries account for only 23% of the overall surface area of this region. Strangely, ten countries have fewer than one electric vehicle charging facility every 100 kilometers of road. There should be an abundance of electric vehicle charging stations in an ideal world in at least all cities and along all European motorways. The station rollout should be more evenly distributed, as there are now barriers to electric car travel across this region. As a result, the region's market will be propelled by the growing requirement to stabilize the distribution of electric vehicle charging stations.

 

𝐓𝐡𝐞 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬

ABB Ltd.

Blink Charging Co.

BOSCH Auto Parts

Delta Electronics, Inc.

Driivz Ltd.

Eaton

EVBox

Leviton Manufacturing Co., Inc.

Siemens AG

Tesla, Inc.

 

Segments Covered
By Platform

• Hardware
• Services

By Hardware

• AC Charger
• DC Charger

By Charger Type

• Public Chargers
• Private Chargers

By IEC Mode

• 2
• 3
• 4

The burgeoning electric vehicle (EV) market hinges significantly on the robust and widespread development of EV charging infrastructure. This infrastructure is not merely a collection of charging stations; it's a complex ecosystem encompassing diverse charging technologies, grid integration strategies, regulatory frameworks, and user experience considerations. The foundation of this ecosystem lies in the varied charging levels, each catering to distinct needs and use cases. Level 1 charging, utilizing standard household outlets, offers the most basic and accessible option, albeit with slow charging speeds, primarily suitable for overnight charging at residences.

Level 2 charging, requiring dedicated 240-volt circuits, significantly accelerates charging times, making it ideal for home, workplace, and public parking settings. DC fast charging (DCFC), the most rapid charging method, employs high-power direct current to replenish EV batteries in minutes, crucial for long-distance travel and highway corridors. The deployment of these charging levels must be strategically planned to address the diverse charging requirements of EV users, from daily commutes to extended road trips. The availability of charging infrastructure extends beyond the technical specifications of the chargers themselves.

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

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