EV Charging: Key Opportunities, Regional Analysis & Market Forecasts 2023-2027

• Market Dynamics: Insights into key trends and challenges for product developments and continued incentives within the EV charging market; addressing key challenges posed by the fragmentation of the EV charging market, potential benefits of increasing regulatory involvement, and analysing various locations of EV charging stations. It also includes a regional analysis of the current development of the EV charging market in 18 countries, as well as providing a future outlook.
• Key Takeaways & Strategic Recommendations: Analysis of key development opportunities and financial incentives within the EV charging market, accompanied by key strategic recommendations for stakeholders, including EV charging vendors and automotive OEMs.
• Benchmark Industry Forecasts: Includes forecasts for total revenue for EV charging, split by home charging, public charging, workplace charging and fleet charging. This data is further split by our 8 key forecast regions and 60 countries:
  • North America:
    • Canada, US
  • Latin America:
    • Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Peru, Uruguay
  • West Europe:
    • Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, UK
  • Central & East Europe:
    • Croatia, Czech Republic, Hungary, Poland, Romania, Russia, Turkey, Ukraine
  • Far East & China:
    • China, Hong Kong, Japan, South Korea
  • Indian Subcontinent:
    • Bangladesh, India, Nepal, Pakistan.
  • Rest of Asia Pacific:
    • Australia, Indonesia, Malaysia, New Zealand, Philippines, Singapore, Thailand, Vietnam
  • Africa & Middle East:
    • Algeria, Egypt, Israel, Kenya, Kuwait, Nigeria, Qatar, Saudi Arabia, South Africa, United Arab Emirates
• Juniper Research Competitor Leaderboard: Key player capability, market position and capacity assessment for 20 EV charging vendors, via the Juniper Research Competitor Leaderboard, with major companies including:
  • ABB
  • Blink Charging
  • BP Pulse
  • ChargePoint
  • Delta Electronics
  • Eaton
  • Efacec
  • Elmec
  • Enel X
  • EO Charging
  • EVBox
  • FLO
  • Garo
  • KEBA Group
  • Pod Point
  • Schneider Electric
  • Siemens AG
  • Tesla
  • Tritium
  • Webasto Group

1. What is the state of the EV charging market?
2. What are the key drivers of the EV charging market?
3. Which countries show the greatest adoption of EV vehicles and EV charging?
4. Who are the largest vendors operating in the EV charging market?
5. What will the total value of the EV charging market be between 2023 and 2027?

Included in Juniper Research Competitor Leaderboard: ABB, Blink Charging, BP Pulse, ChargePoint, Delta Electronics, Eaton, Efacec, Elmec, Enel X, EO Charging, EVBox, FLO, Garo, KEBA Group, Pod Point, Schneider Electric, Siemens AG, Tesla, Tritium, Webasto Group.
 
Mentioned: Accenture, Addison Lee, Allego, Allmanna Svenska Elektriska Aktiebolaget, Amazon, Arrow Electronics, Aspern Smart City Research, Audi, Aviva, Bank of England, Baseload, Baseload Power Corporation, BKW Group Switzerland, BlueCorner, BlueLA, BMW, Carlex Glass Luxembourg SA, Center Parcs, Charge Across Town, Chargecloud, ChargeNet, Citrix Systems, CitySprint, DC-America, DHL, Digital Charging Solutions, E.ON, EDF, Element Fleet Management, Enel, Esri, Flexera, Fortinet, Fortinet, Gnewt, Green-G, Gridserve, Hydro-Quebec, Hyundai, IBM, Intel, Itron, Jaguar Land Rover, Kärnten Netz GmbH Austria, KIA, Lenovo, LEVC, Lidl, Mégatech Électro Inc, Mercedes-Benz, Microsoft, Miller Technology, Mitie, NCP, Nissan, Norlys, Ocado, Ontario Power Generation, Otto, Pepsico, Renault, SA Power Networks, Sainsbury’s, Salesforce, Scania, SemaConnect, Skanska, Solcon, Stellantis, Swiss Brown, Boveri & Cie, Target, Tenable Network Security, Tesco, The Mobility House, TNS, Uber, U-Go Stations, Unilever, ViriCiti, Volkswagen, Westfield, Whole Foods, Wipro, YourParkingSpace.
 

Juniper Research’s forecast suite includes:

• Total Value of EV Charging Hardware Sales and Service Revenue
• Number of Charging Sessions, Split by:
  • Home Charging
  • Public Charging
  • Workplace Charging
  • Fleet Charging
• Total Number of BEVs, Split by:
  • Consumer Vehicles
  • Commercial Vehicles
• Total Number of PHEVs, Split by:
  • Consumer Vehicles
  • Commercial Vehicles

Geographical splits: 60 countries
Number of tables: Over 114 tables
Number of datapoints: Over 52,000 datapoints

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 receive alerts 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 client’s ability to both understand a particular market and to integrate their own views into the model.

Revenue from EV (Electric Vehicle) charging will exceed $300 billion globally by 2027, up from $66 billion in 2023. The report found that fragmentation in charging networks is restricting EV adoption.

• Chargers are overwhelmingly located in urban areas, leading to widespread range anxiety among potential drivers. This is coupled with the difficulty of accessing charging points via different apps and cards, as well as the lack of standards for charging vehicles at the same rate. As such, EV charging networks must simplify access and work with local authorities to roll out chargers to a wider spread of locations, or the EV market will struggle to accelerate.
• The research also predicted that by 2027, the total number of plug-in vehicles will surpass 137 million globally, up from 49 million in 2023. As this adoption grows, charging vendors must differentiate their services in a highly fragmented market. As such, it is important for EV charging vendors to target consumers as early as possible to build brand loyalty. Accordingly, vendors must develop strategic partnerships with automotive manufacturers, offering benefits such as discounted rates to encourage owners of certain EV brands to use their charging stations, helping EV charging vendors remain competitive.