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Redding, California - June 7, 2024

Europe Electric Vehicle Charging Stations Market to be Worth $34 Billion by 2030

Europe Electric Vehicle Charging Stations Market by Component, Charging Type, Connection Type (Connectors, Wireless Charging), Mounting Type, Vehicle Type (Passenger Cars, Two-wheelers & Scooters), End User and Geography - Forecast to 2030

Meticulous Research^®—a leading global market research company, published a research report titled, ‘Europe Electric Vehicle Charging Stations Market by Component, Charging Type, Connection Type (Connectors, Wireless Charging), Mounting Type, Vehicle Type (Passenger Cars, Two-wheelers & Scooters), End User, and Geography - Forecast to 2030.’

According to this latest publication from Meticulous Research^®, the Europe electric vehicle charging stations market is projected to reach $34 billion by 2030, at a CAGR of 25.9% during the forecast period. The growth of this market is driven by the rising demand for EV fast-charging infrastructure, growing government initiatives to develop charging infrastructure, and the increasing company’s investment in electric vehicle charging stations across the country. However, the high installation costs of EV charging stations restrain the growth of this market. Furthermore, the increasing adoption of electric mobility in emerging economies and growing government support for zero-emission vehicles (ZEVs) are expected to create market growth opportunities. However, the high electricity tariffs in developing countries are a major challenge for the players operating in this market. The latest trends in the Europe electric vehicle charging station market are electric vehicle charging stations powered by renewable energy.

The Europe electric vehicle charging station market is segmented by component (hardware [electric vehicle supply equipment (EVSE), cable management systems, and electrical distribution systems], software [charging station management systems (CSMS), smartphone applications, open charge point protocol (OCPP), and interoperability solutions], services [system integration & installation and maintenance]), by charging type (level 2, DC fast charging, and level 1), by connection type (connectors, pantographs, and wireless charging [static wireless EV charging and dynamic wireless EV charging]), by mounting type (wall mount, pedestal mount, and ceiling mount), by vehicle type (passenger cars, heavy commercial vehicles, light commercial vehicles, and two-wheelers & scooters), by end user (commercial EV charging stations[commercial public EV charging stations {on-road charging, parking spaces, and destination chargers} and commercial private EV charging stations {fleet charging and captive charging}] and residential EV charging stations ), and geography. The study also evaluates industry competitors and analyses the market at the regional and country levels.

Based on component, the Europe electric vehicle charging station market is segmented into hardware, software, and services. In 2024, the hardware segment is expected to account for the largest share of the Europe electric vehicle charging station market. The large market share of this segment is attributed to the increasing deployment of EV charging stations and the increasing government initiatives aimed at electrifying public bus fleets and deploying associated charging infrastructure.

However, the software segment is projected to register the highest CAGR during the forecast period due to increasing transparency in electricity consumption and demand charges, the growing need for managing EV fleets in real time, and the increasing deployment of smart remote charging stations.

Based on charging type, the Europe electric vehicle charging station market is segmented into level 2, DC fast charging, and level 1. In 2024, the level 2 segment is expected to account for the largest share of the Europe electric vehicle charging station market. The large market share of this segment is attributed to the increasing use of Level 2 chargers for residential and commercial applications and support of longer driving ranges by providing a more substantial charge than Level 1 chargers and government incentives and regulations to promote the installation of Level 2 chargers.

However, the DC fast charging segment is projected to register the highest CAGR during the forecast period due to increasing investments from automakers towards the development of DC fast charging station infrastructure to support their long-range battery-electric vehicle and increasing investments from automakers towards the development of DC fast charging station infrastructure to support their long-range battery-electric vehicle.

Based on connection type, the Europe electric vehicle charging station market is segmented into connectors, pantographs, and wireless charging. In 2024, the connectors segment is expected to account for the largest share of Europe electric vehicle charging station market. The large market share of this segment is attributed to the increasing need for faster charging connectors compatible with high-power DC fast charging, and other potential hazards, increasing development and adoption of standardized connector types to ensure compatibility between charging stations and electric vehicles and increasing international standards and regulations for promoting a harmonized charging infrastructure worldwide. Also, this segment is projected to register the highest CAGR during the forecast period.

Based on mounting type, the Europe electric vehicle charging station market is segmented into wall, pedestal, and ceiling mounts. In 2024, the wall mount is expected to account for the largest share of the Europe electric vehicle charging station market. The large market share of this segment is attributed to the increasing implementation of high-speed charging in a compact, affordable, and scalable package and the growing adoption of wall-mount charging in residential and commercial parking lots due to less cost.

Also, this segment is projected to register the highest CAGR during the forecast period.

Based on vehicle type, the Europe electric vehicle charging station market is segmented into passenger cars, heavy commercial vehicles, light commercial vehicles, and two-wheelers & scooters. In 2024, the passenger cars segment is expected to account for the largest share of the Europe electric vehicle charging station market. The large market share of this segment is attributed to the favorable government policies and subsidies supporting EV adoption, growing awareness regarding the role of electric vehicles in reducing emissions, increasing fuel prices, and proactive participation by automotive OEMs in producing electric passenger vehicles.

However, the heavy commercial vehicles segment is projected to register the highest CAGR during the forecast period due to increasing adoption of electric mobility in emerging economies and the increasing adoption of electric buses and trucks for public transport and freight services.

Based on end user, the Europe electric vehicle charging station market is segmented into commercial EV charging stations and residential EV charging stations. In 2024, the commercial EV charging stations segment is expected to account for the largest share of the Europe electric vehicle charging station market. The large market share of this segment is attributed to the increasing government regulations and incentives for electric vehicle adoption in commercial fleets, increasing Infrastructure development for shared mobility services, and growing installation of commercial EV charging stations for cost savings and reduced emissions. Also, this segment is projected to register the highest CAGR during the forecast period.

Based on country/region, the Europe electric vehicle charging station market is segmented Germany, Norway, Sweden, Italy, the U.K., Spain, the Netherlands, France, Denmark, and Rest of Europe. In 2024, Germany is expected to account for the largest share of the Europe electric vehicle charging station market. Germany’s major market share is attributed to the growing government investments regarding the purchase of electric buses, the development of the charging infrastructure, incentives to purchase electric vehicles, and increasing company’s investment in electric vehicle charging stations across the country.

However, Denmark is projected to register the highest CAGR during the forecast period due to increasing government initiatives in reducing carbon dioxide emissions and lower taxes on purchasing electric vehicles and rapid use of electric vehicles.

Key Players:

The key players operating in the Europe electric vehicle charging station market include ChargePoint Holdings, Inc. (U.S.), Blink Charging Co. (U.S.), ABB Ltd. (Switzerland), Tesla, Inc. (U.S.), BP p.l.c. (U.K.), Shell Plc (U.K.), Électricité De France (France), EVBox Group (Netherlands), Connected Kerb Limited (U.K.), HANGZHOU AONENG POWER SUPPLY EQUIPMENT CO., LTD. (China), Webasto Group (Germany), and Siemens AG (Germany).

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5277

Key questions answered in the report-

Which are the high-growth market segments based on component, charging type, connection type, mounting type, vehicle type, end user and country/region?
What was the historical market for Europe electric vehicle charging station market?
What are the market forecasts and estimates for the period 2024–2030?
What are the major drivers, restraints, opportunities, challenges, and trends in the Europe electric vehicle charging station market?
Who are the major players, and what shares do they hold in the Europe electric vehicle charging station market?
How is the competitive landscape in the Europe electric vehicle charging station market?
What are the recent developments in the Europe electric vehicle charging station market?
What are the different strategies adopted by the major players in the Europe electric vehicle charging station market?
What are the key geographic trends, and which are the high-growth countries?
Who are the local emerging players in the Europe electric vehicle charging station market, and how do they compete with the other players?

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Redding, California - June 7, 2024

Europe Electric Vehicle Charging Stations Market to be Worth $34 Billion by 2030

Europe Electric Vehicle Charging Stations Market by Component, Charging Type, Connection Type (Connectors, Wireless Charging), Mounting Type, Vehicle Type (Passenger Cars, Two-wheelers & Scooters), End User and Geography - Forecast to 2030

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