Electric Vehicle Charging Infrastructure Market: By Component (Hardware, Software, Services), By Charging Level (Level 1, Level 2, Level 3), By Connection Type (Connectors, Pantograph, Wireless EV charging), By Mounting Type (Wall Mount, Pedestal Mount, Ceiling Mount), By Vehicle Type (Passenger Cars, Heavy Commercial Vehicles, Light Commercial Vehicles, Two-wheelers & Scooters), By End User (Commercial EV Charging Stations, Residential EV Charging Stations) and Geography  

Electric Vehicle Charging Infrastructure Market size is valued at USD 19,991.3 million in 2022and is poised to grow at a CAGR of 21.2% from 2024-2030. The global market provides a detailed overview of the global market, and that can be segmented by Component, by Charging Level, by Connection Type, by Mounting Type, by Vehicle Type and by End user. By component, the global electric vehicle charging infrastructure market has been segmented into Hardware, Software, Services. The hardware Electric vehicle charging infrastructure segment is likely to be the largest and fastest-growing segment in terms of component. Based on charging level, the global electric vehicle charging infrastructure market is segmented into Level 1, Level 2, and Level 3. Among these, the level 1 segment is expected to have the fastest-growing market during the forecast period 2024-2030. Based on connection type, the global electric vehicle charging infrastructure market is segmented into Connectors, Pantograph, Wireless EV charging. The connectors segment accounts for the largest share in 2021. Wireless EV charging segment is the second-largest share during the forecast period 2024-2030. Based on the mounting type, the segment has been segregated into Wall Mount, Pedestal Mount, Ceiling Mount. The wall mounting segment is expected to dominate other segments in the global market. The pedestal mounting enterprise segment is expected to witness the highest CAGR during the forecast period according to precision business insights. Based on vehicle type, the global electric vehicle charging infrastructure market is segmented into Passenger Cars, Heavy Commercial Vehicles, Light Commercial Vehicles, Two-wheelers & Scooters. The Passenger Cars segment accounts for the largest share in 2021. Based on end user, the global electric vehicle charging infrastructure market is segmented into Commercial EV Charging Stations, Residential EV Charging Stations. The Commercial EV Charging Stations segment is expected to dominate other segments in the global electric vehicle charging infrastructure market in terms of end use.

The Electric Vehicle Charging Infrastructure Market Key Developments :

• In Sep 2021, ABB has introduced Terra 360, the world's fastest electric vehicle charger. An electric vehicle may be fully charged using this charging infrastructure in 15 minutes, and it can simultaneously charge up to four vehicles. This business is thought to be worth $3 billion.
• In July 2018, the U.K. The Automated and Electric Vehicles (AEV) Act was passed by the government. It gives the government unprecedented authority to ensure the quick adoption of EVCI at gas stations and on highways.