Dublin, July 24, 2025 (GLOBE NEWSWIRE) -- The "EV Charging Station Market by Application, Level of Charging, Charging Point, Charging Infrastructure, Operation, DC Fast Charging, Charge Point Operator, Connection Phase, Service, Installation, and Region - Global Forecast to 2032" report has been added to ResearchAndMarkets.com's offering.
The global EV charging station market is projected to grow from USD 28.47 billion in 2025 to USD 76.31 billion by 2032 at a CAGR of 15.1%
Key factors directly driving the deployment of EV charging infrastructure include OEM-led investments by companies like Tesla, Rivian, and Hyundai in proprietary and public networks. Public and private funding is accelerating the rollout of fast-charging corridors, while advancements in high-speed DC chargers (150-350 kW) enhance compatibility with modern EVs.
Urbanization and smart city projects are promoting charger integration into commercial and public spaces. Additionally, fleet electrification mandates are pushing logistics and mobility firms to build dedicated charging hubs. In some Asian markets, battery swapping is emerging as a complementary infrastructure model.
The EV charging station market is dominated by major players, including ABB (Switzerland), BYD (China), ChargePoint (US), Tesla (US), and Siemens (Germany), among others. These companies have strong product portfolios as well as strong distribution networks at the global level.
By level of charging, fixed charger is expected to be the largest segment of the market during the forecast period.
Fixed EV chargers integrated with kiosks are becoming increasingly common at public and commercial locations, offering users a seamless and secure charging experience. Companies such as Tata Power (EZ Charge), ChargeZone, Statiq, and Fortum Charge & Drive have deployed kiosk-based charging solutions across malls, highways, and urban centers in India, providing features like 24/7 access, app-based payments, and real-time monitoring. For instance, ChargeZone operates over 1,500 EV charging stations equipped with high-speed DC chargers and user-friendly kiosks in over 37 Indian cities.
In April 2025, Tata Power expanded its EZ Charge network in Mumbai, adding new kiosk-enabled charging stations at key locations to enhance accessibility for EV users. Governments, regulatory bodies, private companies, and OEMs are increasingly investing in fixed EV chargers to accelerate EV adoption. This collaborative push is driven by the need to expand reliable charging infrastructure. For instance, in May 2025, US-based charge point operator Zero 60 launched its fourth renewable-powered EV charging station in Lake Placid, New York. In Europe, major players like Atlante, Ionity, Fastned, and Electra formed the Spark alliance in April 2025 to share infrastructure and create the largest public charging network, covering 11,000 chargers across 25 countries.
The DC charging station segment is expected to capture the largest share of the EV charging station market during the forecast period.
DC charging stations are high-power fast charging units used for rapid charging. They deliver a maximum power of 240 kW, supplying a high current of up to 400 A at a voltage of up to 600 V DC. However, they cost approximately USD 30,000 to USD 50,000 on average, and an additional transformer is required. In a DC fast charging system, the AC/DC conversion occurs in the charging equipment rather than in a vehicle's AC/DC converter, so the power entering the vehicle is already in DC. Most residential electrical services do not provide the capacity of electrical power that the DC charging station delivers, thus making DC charging unfeasible for home implementation. DC fast chargers are widely used as destination chargers and public chargers.
OEMs such as Tesla provide DC chargers (Tesla Superchargers) capable of adding 20 to 30 miles per hour of charge to a vehicle. The major reason for the lower number of DC charging stations is the cost, as DC charging stations are costlier. All Tesla models are equipped with supercharging connectors, including Model 3 and Model S. Charging station providers such as ChargePoint and Car Charging Group provide public DC fast charging stations. As the prices of setting up DC fast charging stations have been reducing over the years, the demand for these charging stations is expected to increase in the coming years.
Asia Pacific is expected to account for a significant market share during the forecast period.
The Asia Pacific EV charging station market is projected to grow rapidly. In South Korea, EV charging infrastructure growth is driven by strong government policies, including the Green New Deal and a national target of 1.2 million chargers by 2030. Urban density and smart city initiatives are accelerating demand for compact, integrated charging solutions. Indonesia is the fastest-growing market in the region. The expansion of Indonesia's EV charging infrastructure is driven primarily by strategic public-private partnerships and strong government support aimed at accelerating the country's transition to electric mobility.
V-GREEN, alongside key partners such as Chargecore, ChargePoint, Amarta Group, and CVS, has committed a significant investment of USD 300 million to deploy over 63,000 charging ports by 2025, focusing on major provinces like Jabodatebek, Bandung, Surabaya, Makassar, and Bali where the demand for EV infrastructure is the highest. Concurrently, the state-owned utility PLN plays a pivotal role by establishing thousands of public charging stations and battery swap facilities nationwide.
This is complemented by incentives such as discounted charging rates during off-peak hours and subsidies on home charging installations. The government incentives, guaranteed investor returns, and digital platforms like PLN's Super Apps further drive consumer engagement and investor confidence. In line with these regional developments in India, the government has announced that it will invest in EV charging infrastructure. For instance, in May 2025, the Government of India announced plans to install around 72,000 public EV charging stations across the country under the PM-E Drive scheme, with an investment of approximately USD 234.6 million.
Key Benefits of Buying the Report:
- The report will help market leaders/new entrants with information on the closest approximations of revenue numbers for the overall EV charging station market and its subsegments.
- This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies.
- The report will also help stakeholders understand the market pulse and provide information on key market drivers, restraints, challenges, and opportunities.
- The report will help stakeholders understand the current and future pricing trends of different EV charging systems based on their capacity.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 471 |
| Forecast Period | 2025 - 2032 |
| Estimated Market Value (USD) in 2025 | $28.47 billion |
| Forecasted Market Value (USD) by 2032 | $76.31 billion |
| Compound Annual Growth Rate | 15.1% |
| Regions Covered | Global |
Market Dynamics
Drivers
- Surge in EV Adoption
- Financial Incentives Offered by Governments to Promote Charging Networks
- EV Charging Solutions
- Number of Charging Points in Key European Countries
- Advancements in Battery Chemistry Improving Driving Range
- Range and Cost of Different Electric Vehicles
- Declining Costs of EV Batteries
- Fleet Electrification Accelerating EV Charging Market Growth
Restraints
- Fragmented Charging Standards Limiting EV Adoption
- Types of EV Charging Sockets
- High Capital Investment for Ultrafast Charging Infrastructure
- Underdeveloped Power Infrastructure for EV Charging
- US Grid Scenario
- Retrofitting Issues in Multistorey Residential Buildings
Opportunities
- Advancements in V2G Technology and Bidirectional Charging
- Bidirectional EV Chargers
- Adoption of IoT-Enabled Smart Charging Networks
- Expansion of Green and Sustainable EV Charging Solutions
- Battery Swapping as a Viable Charging Alternative
- Integration of EV Charging in Smart City Initiatives
- Market Shift Toward Smart Chargers
- Expansion of Charging-As-A-Service (CaaS) Business Model
Challenges
- Cost Gap Between Ice Vehicles and EVs
- Regulatory Hurdles in EV Charger Installation
- High Reliance on Non-Renewable Energy Sources for Charging
- Energy Consumption by Fuel Type
- Scarcity of Lithium Resources
- Low Utilization Rates and Profitability Challenges for Cpos
- EV Charger Types and Utilization Trends, 2025-2032
Ecosystem Analysis
- OEMs
- Charging Point Manufacturers
- EV Charging Point Operators
- Payment Processing Companies
- Navigation and Mapping Providers
- Supply Chain Analysis
Case Study Analysis
- Charging Station Size Optimization
- Load Balancing Solution for EV Charging
- Chargepoint EV Charging Network
- Evgo Fast-Charging Network
- City of Boulder EV Charging Network
- Electrify America Charging Network
- Mercedes-Benz EV Charging Network in China
Technology Analysis
Key Technologies
- Wireless Charging
- Wireless EV Charging Road Projects in Europe
- Bidirectional Chargers
- Bidirectional EV Charging Energy Flow Cycle
- Megawatt Charging Systems
Complementary Technologies
- Overhead Charging
- Plug-And-Pay Charging
- Robotic and Mobile Charging Unit
Adjacent Technologies
- Turbocharging for Electric Vehicles
- Smart Charging Systems
- IoT Integration in EV Charging Stations
Trends and Disruptions Impacting Customer Business
- Future of Charging
- Fast Charging Hubs
- Curbside Charging
- Induction Charging
- Power Booster in Charging Systems
Companies Featured
- ABB
- Byd Company Ltd.
- Chargepoint, Inc.
- Tesla
- Evbox
- Delta Electronics, Inc.
- Starcharge
- Siemens
- Schneider Electric
- Kempower Oyj
- Efacec
- Engie
- Shell PLC
- Totalenergies
- Bp P.L.C.
- Enel X S.R.L.
- Virta Global
- Allego B.V.
- Tgood Electric Co. Ltd.
- State Grid Corporation China
- Vattenfall Ab
- Blink Charging Co.
- Enphase Energy
- Electrify America
- Opconnect
- EV Safe Charge Inc.
- Ionity
- Wallbox
- Spark Horizon
- Dbt
- Charge+
- Alfen Nv
- Ies Synergy
- Madic Group
- Beev
- Instavolt
- Freshmile
- Pod Point
- be Charge
- Mer
- Enbw
- Rwe
- Powerdot
- Sparkcharge
- Jolt
- Installer
- Numbat
- Itselectric Inc
For more information about this report visit https://www.researchandmarkets.com/r/fwf7wv
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