Electric Vehicle Supply Equipment Market

Electric vehicle supply equipment

Electric vehicle supply equipment (EVSE) provides electricity to recharge an EV’s battery. EVSE may be portable or stationary, and may need access to either a 120V outlet or dedicated 240V outlet in order to function.

EVSEs may include features such as safety devices or energy management systems, networking capabilities and payment features.


Due to carbon emissions reduction measures and limited non-renewable energy resources, transportation companies have rapidly adopted electric vehicles. This trend has led to an explosion in EV charging station demand throughout a variety of applications such as airports, train/bus stations, parking lots etc. As such, the EV supply equipment market is anticipated to experience substantial growth over its forecast period.

The electric vehicle supply equipment market can be divided into portable chargers, EV charging kiosks and onboard charging stations. Of these products, onboard charging stations held the highest share in 2022 and are expected to maintain that position throughout their forecast period due to government initiatives promoting their installation in city centers; additionally, many EV drivers prefer portable charging stations that can charge their cars at both work and home.

Based on power type, the electric vehicle supply equipment market can be divided into three segments: level 1, level 2 and level 3. Of these segments, level 2 holds the largest share due to government efforts to develop charging networks across Europe as well as private organizations like The Coca-Cola Company and General Motors Company creating charging stations for employee cars which also contributes to its growth.

Hospitality companies such as Marriott International Inc. and Hyatt Corporation have become key drivers in driving growth of EV supply equipment market due to their increasing focus on installing charging stations at their hotels, however the high costs associated with EVSE pose as major obstacles to market expansion.

The European EVSE market is projected to experience rapid expansion over its projection period, thanks mainly to expanding collaborations between automakers such as Daimler AG and BMW Group for building rapid charging networks across Europe, as well as oil firms like BP Plc and Royal Dutch Shell Plc integrating EV charging stations at existing gas and fueling stations with the help of EV supply equipment manufacturers. Furthermore, Public-Private Partnership projects for road charging station installations are also helping the market.

North America

Electric Vehicle Supply Equipment (EVSE) are systems used to supply electricity to plug-in EVs in public and private spaces such as parking lots, retail shopping areas, electric utility company service stations, etc. They feature electrical connectors with different standards and communication protocols as well as smart meters for network connectivity purposes.

Growing efforts to reduce carbon emissions has resulted in greater adoption of electric vehicles across North America, necessitating supporting infrastructure needs for these vehicles and driving market growth. Government initiatives like Trans-Canada Electric Highway project and Norway to Italy Electric Highway further bolstered this market’s expansion. Hyatt Corporation and Marriott International, Inc have taken note of this trend by installing charging stations into hotels they operate; further propelling this growth of this market segment.

Level 1 DC chargers represent the bulk of EVSE offerings in the market and are capable of quickly providing high-speed charges in shorter times, making them increasingly popular due to their ease of installation and maintenance requirements. Furthermore, large-scale collaborations between auto manufacturers and energy firms for rapid charging networks is helping propel their growth in popularity and fueling further market expansion.

The market for DC chargers can be divided into three broad categories, depending on application, type and region. Based on application the market can be split between residential and commercial usage while type can be further classified into levels 1, 2 and 3. Level-1 DC chargers have seen particularly robust compound annual growth during this forecast period due to their ability to deliver faster charging than AC counterparts; furthermore PPP activities and low emission zones in Europe have provided additional stimulus to market expansion.

Webasto Group, BTC Power, AeroVironment Inc, ABB Ltd, ChargePoint, Inc. Delta Electronics, Inc ClipperCreek Inc Chargemaster Plc Eaton Corporation Leviton Manufacturing Co Inc and Schneider Electric are among the market leaders. Each player utilises various strategies in order to remain competitive including investments into research & development as well as acquisitions as key strategies.


EV charging station market growth is being propelled by rising interest in electric vehicles. Electric cars offer greater convenience, economy, and environmental friendliness compared to gasoline-powered vehicles; no emissions are produced and oil changes don’t need to be performed regularly either! In order to promote their adoption further, governments and private organizations alike are setting up charging stations at various locations such as corporate offices, parking lots and restaurants – further expanding this market segment with generous government subsidies and tax breaks on EV purchases.

China is leading the APAC region in EV charger installation. They plan on constructing over 1.2 million charging stations by 2022 – this should have a significant effect on overall industry landscape in APAC region. Other countries like Japan, India and South Korea are making investments to strengthen their EV infrastructure as well.

COVID-19 Pandemic A key challenge facing the EV charger market today is the COVID-19 pandemic, which has significantly affected global manufacturing, tourism, and financial markets. Furthermore, its spread triggered strict lockdown measures across many regions which have limited people and vehicles mobility; consequently causing production and delivery delays within this market segment.

Still, APAC’s EV charger market is expected to experience rapid expansion over its forecast period. Rising sales of electric vehicles is fuelling an increase in charging station demand that in turn is driving market growth in APAC; increasing consumer preference for energy efficient solutions also plays a part in stimulating regional EV charger markets growth.

Some of the key players in APAC EV charger market include Webasto, Blink Charging Co., Tritium Pty Ltd, AeroVironment Inc, ABB Ltd, ChargePoint Inc, ClipperCreek Inc and Chargemaster PLC. These companies are investing heavily in research and development activities to produce cutting-edge products while simultaneously seeking long-term contracts with governments to expand their businesses further. Furthermore, their distribution networks have grown substantially in response to rising EV charger demand in APAC regions allowing them an edge over their rivals in the market.

Middle East & Africa

The Middle East and Africa electric vehicle supply equipment market is expected to experience moderate compound annual growth. This growth can be attributed to increasing consumer interest for electric vehicles (EVs). They offer clean, quiet alternatives to traditional vehicles that are becoming more widely adopted among consumers and governments are actively encouraging EV adoption; as a result, charging stations will likely see greater demand than ever before in these regions.

The global EV supply equipment market can be divided into five main segments based on power, product, charging station and application. Based on power type, this market can be further subdivided into alternating current (AC) charging and direct current (DC) charging; portable chargers, EV charging kiosks and onboard EV stations make up this product segment; commercial charging stations may further be divided into destination charging stations, highway stations with bus charging capabilities as well as fleet charging systems for easy reference.

Countries like UAE and Saudi Arabia have begun installing electric vehicle charging stations in high traffic areas to promote adoption of this form of energy transportation. These charging stations can accommodate different types of EVs while offering services such as digital payment processing and customer service agents for assistance.

Government incentives in these countries for purchasing electric vehicles (EVs), including free parking spaces and waiver of Registration and Renewal Fees from RTA EV registration/renewal are providing additional inducements to purchase an EV, encouraging transport sectors to switch and further increasing EV supply equipment markets.

Concern over carbon emissions from internal combustion engines is another driving factor behind EV demand in this region. Transportation using fossil fuels contributes to air pollution and climate change, necessitating a shift towards renewable energy sources – electric vehicles run on battery-generated electricity as they offer clean and environmentally-friendly power solutions.

This report offers an in-depth examination of the global EV supply equipment market, providing analysis on key trends and developments as well as profiling key players such as ChargePoint, ABB Ltd. Tesla Inc. Eaton Corporation PLC SemaConnect Inc and General Electric Company as market leaders.