EV Charging: Market Forecasts, Key Opportunities & Challenges 2021-2026

• Market Dynamics: Provides a detailed assessment of how the market is evolving, the leading segments, and what market forces will influence this highly dynamic market.
• Future Outlook & Value Chain Analysis: Future outlook for the development of electric vehicle charging, combined with a full exploration of the value chain in this highly congested market.
• Juniper Research Competitor Leaderboard:  Key player capability and capacity assessment for 21 vendors:
  • ABB
  • AddÉnergie
  • Blink Charging
  • BP Pulse
  • ChargePoint
  • Delta Electronics
  • Eaton
  • Efacec
  • Elmec
  • Enel X
  • EO Charging
  • EVBox
  • Garo
  • KEBA Group
  • NewMotion
  • Pod Point
  • Schneider Electric
  • Siemens
  • Tesla
  • Tritium
  • Webasto Group
• Benchmark Industry Forecasts: Forecasts for EV charging points in service, charging sessions, hardware revenue and charging revenue, split by home, workplace and public, as well as EV and PHEV installed bases, shipments and hardware revenue, along with splits by our 8 key regions and the 25 countries listed below:
  • Argentina
  • Australia
  • Brazil
  • Canada
  • China
  • Colombia
  • Denmark
  • France
  • Germany
  • India
  • Italy
  • Japan
  • Mexico
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Saudi Arabia
  • Singapore
  • South Africa
  • South Korea
  • Spain
  • Sweden
  • UK
  • US

1. What regions are leading the adoption of EV charging points?
2. How extensive is the fragmentation in the electric vehicle charging market, and how will it be resolved?
3. What is the anticipated market size for EV charging in 2026?
4. Which vendors will drive progress in the market and what will their strategies be?
5. How will electric vehicle charging vary across the home, public and workplace segments?

Case Studied: Amazon
 
Included in the Juniper Research Leaderboard: ABB, Blink Charging, BP Pulse, ChargePoint, Delta Electronics, Eaton, Efacec, Elmec, Enel X, EO Charging, EVBox, AddÉnergie, Garo, KEBA Group, NewMotion, Pod Point, Schneider Electric, Siemens, Tesla, Tritium, Webasto Group.
 
Mentioned: Accenture, Addison Lee, Aldi, Allego, APCOA Parking, Arrow Electronics, Aviva, Bank of England, Bennett & Co, BlueCorner, BlueLA, BMW, BP, Bridgestone, Business Development Bank of Canada, CATEC Mobility, Chargepoint, Citrix Systems, CitySprint, Creo Luxembourg, Decathlon, Deloitte, DHL, Digital Charging Solutions, E.ON, EDF, Energy Impact Partners, ENGIE, Esri, Esso, Export Development Canada, First Reserve Sustainable Growth Corp, Flexera, Fonds de solidaritie FTQ, Ford, Fortinet, Gnewt, Green-G, Gridserve, has-to-be, Honda Power Charger, Hyundai, IKEA, Intel, Investissement Québec, Itron, Jaguar Land Rover, Kia, LeasePlan, Lenovo, LEVC, Lidl, LUXX consortium, MacKinnon, Mazda, Mégatech Électro Inc, Mercedes Benz, Microsoft, Nasdaq, NCP, NewMotion, Nissan, Norlys, Ocado, Ontario Power Generation, Oracle, Otto, Philips, QPark, Renault, Rivian, Royal Mail, SA Power Networks , Sainsbury’s, Salesforce, Scania, Shell, Siemens, Stellantis, Switchback Energy Acquisition Corporation, Taco Bells, Target, Taylor Wimpey, Tenable Network Security, Tesco, The Mobility House, TPG Pace Beneficial Finance, Tritium, Uber, U-Go Stations, Unilever, University of Luxembourg, ViriCiti, Vodafone, Volkswagen, Volvo, Vonovia, Westfield, Wheelock and Company, Whole Foods, Wipro, YourParkingSpace, Zap-Map.
 

Juniper Research’s forecast suite includes:

• Forecast splits for 8 key regions, as well as 25 country-level data splits for:
• EV charging forecasts for:
  • Charging points in service, split by home, public and workplace
  • Charging sessions, split by home, public and workplace
  • Charging point hardware revenue, split by home, public and workplace
  • Service revenue, split by home, public and workplace
  • EV & PHEV installed bases, shipments and hardware revenue
• Interactive scenario tool allowing users to manipulate Juniper Research’s data for 10 different metrics.
• Access to the full set of forecast data of 87 tables and more than 20,000 datapoints.

Geographical splits: 25 countries

Harvest: Our online data platform, harvest, contains the very latest market data and is updated throughout the year. This is a fully featured platform enabling clients to better understand key data trends and manipulate charts and tables, overlaying different forecasts within the one chart - using the comparison tool. Empower your business with our market intelligence centre, and get alerted whenever your data is updated.

Interactive Excels (IFxl): Our IFxl tool enables clients to manipulate both forecast data and charts, within an Excel environment, to test their own assumptions using the Interactive Scenario Tool and compare selected markets side by side in customised charts and tables. IFxls greatly increase a clients’ ability to both understand a particular market and to integrate their own views into the model.

The global volume of EV charging sessions, where an EVs battery is charged using a charging point, will exceed 1.5 billion per annum in 2026, from just 200 million in 2021. This remarkable growth rate of over 665% over the next five years will be driven by greater government incentives for electric vehicles, as well as more widespread charging service availability.

• Incentives for EV ownership have significantly increased take-up in Europe, with coordinated incentives packages needed in North America to stimulate growth. To support greater electrification, EV charging vendors must work with governments and other stakeholders, including fuel retailers, to plan coordinated public charging network roll-outs, or the mass electrification of mobility will stall.
• Home charging will decline slightly; accounting for over 70% of all EV charging sessions in 2026, compared with just over 80% in 2021. However, this dominance will not directly translate into hardware revenue for charging point vendors, with public charging stations accounting for 56% of charging point hardware revenue globally in 2026.
• As EVs become longer-range and more powerful, fast charging DC (direct current) stations will be the next key competitive battleground within the EV charging landscape. Vendors must work on partnerships with key destinations, such as car parks and retailers now, in order to schedule fast charger roll-outs, or they will lose ground to faster moving competitors.