APAC Electric Charging Station Market, By Charging Station Type(AC Charging, DC Charging, Wireless Charging), By Technology Type(Level 1, Level 2, Level 3), By End User(Private, Public), By Region(North America, Europe, Asia Pacific, Latin America, Middle East & Africa)

Published In : May 2023

Code : CMI2473

Pages :140

Formats :

Excel and PDF

Industry : Automotive and Transportation

Apac Electric Charging Station MarketSize and Trends

The APAC Electric Charging Station Market size was valued at US$ 11.74 Billion in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 26.5% from 2023 to 2030. An electric vehicle charging station provides electric energy for the recharging of electric vehicles, including electric cars, neighborhood electric vehicles, and plug-in hybrids. It is also called as EV charging station, electric recharging point, electronic charging station (ECS), and electric vehicle supply equipment (EVSE).

APAC Electric Charging Station Market Trends:

The trend towards Wireless EV Charging

The wireless EV charging segment is expected to grow at the highest CAGR during the forecast period. The high growth rate of this segment is mainly attributed to the rising demand for EV fast-charging infrastructure, increasing implementation of wireless charging infrastructure in Asia Pacific, and increasing prevalence of range anxiety issues associated with electric vehicles. The standardization of wireless EV charging systems and the growing use of autonomous vehicles for public transport and logistics are projected to provide significant growth opportunities for vendors operating in this market.

Technological Advancements

The growing trend towards technological advancements, such as integration of all-EV charging stations systems with the Internet of Things (IoT) and real-time information solutions accelerate the market growth. The technologies provide real-time data about the availability of vacant spots and locate nearby charging stations.