Electric Vehicle Supply Equipment Market Size, Trends and Insights By Power (AC, DC), By Product (Portable Charger, Onboard Charging Station, EV Charging Kiosk, Others), By Charging Station (Normal Charging, Inductive Charging, Super Charging), By Application (Residential, Commercial), and By Region - Global Industry O…
The global electric vehicle supply equipment market was valued at USD 45 Bn in 2022 and is projected to reach USD 210 Bn by 2030, growing at a CAGR of 30%. Europe is the largest regional market and Asia-Pacific is growing fastest.
Source: Custom Market Insights analysis.
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According to Custom Market Insights (CMI), The Global Electric Vehicle Supply Equipment Market size was estimated at USD 25 Billion in 2021 and is expected to reach USD 45 Billion in 2022 and is expected to hit around USD 210 Billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 30% from 2022 to 2030.
The report examines the Electric Vehicle Supply Equipment market’s drivers and restraints and their impact analysis. Also, the report mentions global opportunities prevailing in the Electric Vehicle Supply Equipment market.
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Outline of the market for Electric Vehicle Supply Equipment
The electric vehicle supply equipment or systems are the items or assemblies installed to safely transmit and regulate electrical energy between an electric vehicle and an electrical source.
Other names for these kinds of assemblies include electric recharging points, charging points, and electric car charging stations. Electric vehicle charging equipment provides electricity to recharge electric vehicles, including plug-in hybrids and electric vehicles.
Impact Study of the Electric Vehicle Supply Equipment Market using COVID-19
The whole auto industry suffered losses when, in the early months of the outbreak, lockdowns significantly reduced vehicle sales. However, in the second half of 2020, sales increased and, for the most part, losses from the earlier months were lessened. Moreover, sales of electric vehicles increased in 2020 and 2021 as a result of a global trend towards greater vehicle electrification. As a result, the pandemic had little effect on this sector. Similar to how equipment for electric vehicles was less in demand in the first half of 2020 before increasing later in the year.
During the COVID-19 outbreak, component production was also halted due to a lack of funding for small Tier II and Tier III businesses. As a result, during the outbreak, production ceased, which was followed by a fall in demand. Businesses that provide equipment for electric vehicles may be significantly impacted by this. Also, the second wave in India had an effect on auto sales, which restrained the sector's growth for Electric Vehicle Supply Equipment.
Market Growth Factors for Electric Vehicle Supply Equipment
Government spending on EV infrastructure is increasing
A growing emphasis on creating low-emission vehicles, which will also improve equipment usage, is expected to lead to an increase in the adoption of electric vehicles. Exemptions from the road, sales, and import taxes, as well as reduced or no registration fees, will probably encourage market expansion. Also, by offering advantageous subsidies and restrictions, governments promote the adoption of electric vehicle supply equipment. Further encouraging consumers to purchase electric vehicles is the increase in gas prices. These elements may encourage the market for selling equipment for electric vehicles to grow.
Accelerating the use of low-emission and fuel-efficient automobiles
The expensive cost of level 3 fast chargers and ultrafast chargers connected to electric car charging equipment, however, is a substantial barrier to industry expansion. On the other hand, a level-3 charger could have a high beginning cost. As a result of the potential disruption to everyone's already stressful lifestyle caused by lengthy charging, people who desire to switch to EVs are discouraged from doing so.
The Market for Electric Vehicle Supply Equipment: Limitations
Costs associated with electric car charging equipment are increasingly acknowledged as a significant barrier preventing the market's growth. The charging infrastructure has a number of costs associated with it, such as setup, maintenance, and running costs. Other tasks, such as feasibility studies, project management, and consultancy, also come at added cost. As a result, having access to reliable charging infrastructure is essential for the adoption of electric vehicles. However, the high costs involved in constructing the infrastructure can prevent market growth.
Electric Vehicle Supply Equipment Market Segmentation Analysis
The Electric Vehicle Supply Equipment market is segmented in our research scope into power, product, charging station, and application. In addition, the portable charger, EV charging kiosk, onboard charging station, and other market segments have been classified based on the product. Because self-service charging options like EV interactive kiosks with sophisticated intelligence were increasingly adopted, the EV charging kiosk sector led the market in 2021.
Moreover, technical advancements like the integration of Radio-Frequency Identification (RFID) and Near Field Communication (NFC) in EVSE have improved the functionality of digital payments for EV customers using the infrastructure. Also, due to the requirement for additional labour in industrialised countries like the U.S., U.K., and Germany, operators of electric vehicle charging stations have encountered difficulties in allocating customer service agents during periods of high traffic. This is a significant factor propelling the market for EV charging stations.
Onboard charging stations are anticipated to develop at the fastest rate in the electric vehicle supply equipment market during the time of the projection. City governments give priority to long-term contracts for onboard charging station installation, development, management, and maintenance. Onboard recharge facilities for lift trucks that travel larger distances have also been in high demand. Faster charging periods and less downtime for the vehicle are two benefits of onboard charging stations.
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 25 Billion |
| Projected Market Size in 2030 | USD 210 Billion |
| Market Size in 2022 | USD 45 Billion |
| CAGR Growth Rate | 30% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Prominent Players | Siemens AG, Delta Electronics Inc, BP Chargemaster, Schneider Electric, Tesla, Chargepoint Holdings Inc, Webasto Group, Leviton Manufacturing Co. Inc., Eaton Corporation Plc, Abb Ltd, and Others |
| Key Segment | By Power, Product, Charging Station, Application, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Key Insights:
New Development:
Regional Scenery
With more than 50% of global sales in 2021, the Asia Pacific region dominated the market for electric vehicle supply equipment, and this trend is anticipated to continue.
The growing acceptance of electric vehicles across various Asian countries, including Japan, China, Australia, India, and many others, is one of the key factors behind the market expansion in the region. For instance, by the end of 2030, the Chinese government wanted all of its transportation to be green. In addition, the governments of other countries, like Japan and South Korea, are investing a lot of money in the development of infrastructure for electric vehicle charging.
Competitive Environment
Participants in the global market for electric vehicle supply equipment confront fierce competition as a result of the market's emphasis on R&D for growth. Furthermore, the industry offers a sizable chance for new entrants to capture the market in growing and undeveloped nations.
Prominent Players:
The global Electric Vehicle Supply Equipment market is segmented as follows:
By Power
By Product
By Charging Station
By Application
On the basis of Geography
Updated: August 2026 · Formats: PDF, Excel, PPT
"Europe" region will lead the global Electric Vehicle Supply Equipment market during the forecast period 2022 to 2030.
The key factors driving the market are rising government investments for EV charging infrastructure and surging adoption of fuel-efficient and low-emission vehicles.
The key players operating in the Electric Vehicle Supply Equipment market are Siemens AG, Delta Electronics Inc, BP Chargemaster, Schneider Electric, Tesla, Chargepoint Holdings Inc, Webasto Group, Leviton Manufacturing Co. Inc., Eaton Corporation Plc, Abb Ltd.
The global Electric Vehicle Supply Equipment market is expanding growth with a CAGR of approximately 30% during the forecast period (2022 to 2030).
The global Electric Vehicle Supply Equipment market size was valued at USD 25 Billion in 2021 and it is projected to reach around USD 210 Billion by 2030.
Author · Sr. Research Analyst
Ayush Kadam is a Senior Market Research Analyst at Custom Market Insights, with over seven years of experience in syndicated and custom market research. He specializes in market sizing, competitive intelligence, industry trends, forecasting, and strategic insights, helping clients turn complex data into actionable business decisions.
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