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Redding, California - May 6, 2022

Europe EV Charging Stations Market to Reach a Value of $61.73 Billion and a Volume of 6,458.8 Thousand Units by 2029

Europe EV Charging Stations Market by Charging Type (Level 1, Level 2, DCFC), Connection Type (Pantograph, Connector, Wireless), Component, Mounting Type, Vehicle Type, End User, and Geography—Forecast to 2029


Meticulous Research®—leading global market research company, published a research report titled Europe EV Charging Stations Market by Charging Type (Level 1, Level 2, DCFC), Connection Type (Pantograph, Connector, Wireless), Component, Mounting Type, Vehicle Type, End User, and Geography—Forecast to 2029. 

According to this report, the Europe EV charging stations market is expected to reach a value of $61.73 billion by 2029 at a CAGR of 34.7% during the forecast period 2022–2029. By volume, this market is expected to reach 6,458.8 thousand units by 2029 at a CAGR of 37.8% during the forecast period. France, Germany, the Netherlands, Norway, and the U.K. are the top five countries in Europe in terms of EV adoption and the development of EV charging infrastructure. The growth of this market is mainly driven by increasing government initiatives to promote the adoption of EVs and develop the associated infrastructure, the rising demand for EV fast-charging infrastructure, and the increasing prevalence of range anxiety among EV users. However, the high initial cost of installing EV charging stations is expected to restrain the growth of this market during the forecast period. In addition, increasing R&D in V2G technology and the growing deployment of charging stations by retail MNCs are expected to create growth opportunities for the players operating in this market.

The market is segmented based on charging type, connection type, vehicle type, mounting type, component, end user, and geography. The study also evaluates industry competitors and analyzes the market at the regional and country levels.

Based on charging type, the Europe EV charging stations market is segmented into Level 2, Level 1, and DC fast charging. The Level 2 segment is expected to account for the largest share of the Europe EV charging stations market in 2022. The large share of this segment is mainly attributed to government initiatives for improving electric vehicle charging infrastructure in the region, lower installation costs of Level 2 chargers compared to DC fast-charging stations, and greater time-efficiency of Level 2 chargers compared to Level 1 charging stations. However, the DC fast charging segment is expected to witness the highest growth both in terms of value and volume, as DC fast chargers offer faster charging than Level 1 and Level 2 charging stations.

Based on connection type, the Europe EV charging stations market is segmented into pantograph, connectors, and wireless EV charging. The connectors segment is expected to account for the largest share of the Europe EV charging stations market in 2022. The large share of this segment is mainly attributed to increasing investments by stakeholders of electric mobility in the region in developing EV charging infrastructure, increasing collaborations between electric vehicle charging station providers and utility companies and fuel station operators to deploy charging stations for electric vehicles, and increasing collaborations between governments and automakers in Europe for expanding the DC fast-charging infrastructure in the region. However, the wireless EV charging segment is expected to record the highest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to the increasing implementation and adoption of wireless charging infrastructure in Europe.

Based on component, the Europe EV charging stations market is segmented into hardware, software, and services. The hardware segment is expected to account for the largest share of the Europe EV charging stations market in 2022. The large share of this segment is mainly attributed to the growing infrastructural development in Europe for supporting the transition to electric mobility, the increasing demand for EV charging stations for long-range travel, and attractive fiscal and non-fiscal incentives for setting up manufacturing units of EV charging stations and related components. However, the software segment is expected to record the highest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to the increasing adoption of various software to overcome challenges such as energy consumption and charging station operation optimization.

Based on mounting type, the Europe EV charging stations market is segmented into wall mount, pedestal mount, and ceiling mount. The wall mount segment is expected to account for the largest share of the Europe EV charging stations market in 2022. The large share of this segment is mainly attributed to the increasing fiscal & non-fiscal incentives for private property owners and management companies for the development of EV charging infrastructure, the ease of installing wall-mounted chargers, and effective space utilization with the use of wall-mounted chargers. However, the pedestal mount segment is expected to record the highest CAGR during the forecast period. The high growth of this segment is mainly attributed to the introduction of new products in the pedestal-mounted EV charging stations segment and increasing R&D in emerging technologies.

Based on vehicle type, the Europe EV charging stations market is segmented into passenger cars, light commercial vehicles, heavy commercial vehicles, and two-wheelers & scooters. The passenger cars segment is expected to account for the largest share of the Europe EV charging stations market in 2022. The large share of this segment is mainly attributed to supportive government policies and subsidies promoting the adoption of electric vehicles, growing awareness regarding the role of electric vehicles in reducing emissions, increasing fuel prices, and growing initiatives by automotive OEMs to increase their presence in the electric mobility space. However, the heavy commercial vehicles segment is expected to register the highest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to the increasing adoption of electric buses and trucks for public transport and freight services.

Based on end user, the Europe EV charging stations market is segmented into commercial and residential EV charging stations. The commercial segment is expected to account for the larger share of the Europe EV charging stations market in 2022. The large share of this segment is mainly attributed to increasing government initiatives across the region in the form of incentives, tax rebates, and subsidies on the deployment of EV charging stations at commercial sites. Moreover, this segment is also expected to register the higher CAGR during the forecast period.

Geographically, in 2022, Germany is expected to account for the largest share of the Europe EV charging stations market by value and volume. The large share of this market is mainly attributed to rising government investments for purchasing electric buses, the rapid development of charging infrastructure, and incentives for purchasing electric vehicles. For instance, in November 2019, the German automobile industry agreed to increase joint subsidies on the purchase of electric cars, with effect from 2020 to 2025. Under the agreement, consumer subsidies were increased from $4,400 to around $6,700 for electric vehicles costing less than €40,000 ($44,500). Buyers of plug-in hybrids in this price range are given a subsidy of €4,500 (previously €3,000). Such initiatives aim to address the high purchasing costs of electric vehicles, thereby augmenting the demand for electric vehicles and the associated charging infrastructure.

The U.K. is expected to account for the second-largest share of the Europe EV charging stations market by value. The growth of this market is mainly driven by growing government investments and incentives for the installation of charging infrastructure in the country, the growing incorporation of electric buses in public transport fleets, and government efforts to make central London and town centers across the U.K. zero-emission zones by 2025.

Key Players

The key players operating in the Europe EV charging stations market are Webasto Group (Germany), EVBox Group (Netherlands), BP p.l.c. (U.K.), Royal Dutch Shell PLC (Netherlands), Connected Kerb Limited (U.K.), Électricité de France (France), Fastned B.V. (Netherlands), Route220 S.r.l. (Italy), Compleo Charging Solutions AG (Germany), and GreenWay Holding S.A (Slovakia).

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Key Questions Answered in the Report-

  • Which are the high-growth market segments in terms of charging type, connection type, vehicle type, mounting type, component, end user, and geography?
  • What is the historical market size of the Europe EV charging stations market?
  • What are the market forecasts and estimates for the period 2022–2029?
  • What are the major drivers, restraints, opportunities, and challenges in the Europe EV charging stations market?
  • Who are the major players in the market, and what are their market shares?
  • Who are the major players in the Europe countries?
  • How is the competitive landscape for the Europe EV charging stations market?
  • What are the recent developments in the Europe EV charging stations market?
  • What are the various strategies adopted by major players in the market?
  • What are the key geographic trends, and which are the high-growth countries?
  • Who are the local emerging players in the Europe EV charging stations market, and how do they compete with existing players?

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Europe EV Charging Stations Market - Opportunity Analysis and Industry Forecast (2022-2029)
Report ID: MRAUTO - 104591 Pages: 304 Formats*:PDF Category: Automotive and Transportation
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