Global Smart EV Charger Market Size Likely to Surpass at a CAGR of 21.5% By 2034

As per the Smart EV Charger Market size analysis conducted by CMI Team, the global Smart EV Charger market is expected to record a CAGR of 21.5% from 2025 to 2034. In 2025, the market size is projected to reach a valuation of USD 45.6 Billion. By 2034, the valuation is anticipated to reach USD 262.9 Billion.

Overview

According to industry experts at CMI, a Smart EV Charger is a sophisticated electric vehicle (EV) charging device that includes communication, control, and automation elements to enable efficient, safe, and optimum charging of electric vehicles. The smart EV charger market is growing by several factor including rising adoption of EV globally, rising government regulations, grid optimization and load management, renewable energy integration, advancement in IoT and AI technologies and growing smart home ecosystem. However, the lack of standardization and limited consumer awareness hamper the industry expansion.

Key Trends & Drivers

• Surging Demand For Commercial EV Fleets: The rise in demand and growth of electric vehicle fleets for business purposes will be very important in getting smart EV chargers used more in the coming years. Companies all throughout the world are working to use less energy that can’t be replaced. Also, as more and more people use energy-saving solutions, the need for smart electric vehicle chargers has grown even more. In October 2024, Ashok Leyland, a major car manufacturer that works in India, declared it would work with Billion Electric Mobility to create a new fleet of electric trucks. The businesses have won a contract worth INR 150 crore to make 180 new electric vehicles. Reports from the government say that Amazon, one of the biggest e-commerce corporations in the world, will use more than 10,000 EVs by 2025. The global smart EV charger market has a lot of good options for EV fleet users, which drives sales.

• Rising Innovation In Smart EV Charging Solutions: The increasing innovation in smart EV charging solutions in the sector is expected to offer a potential opportunity to the market development over the projected period. For instance, in April 2025, ELECQ, a pioneer in smart EV charging technology, showcased its most recent solutions at Power2DriveEurope 2025 in Munich from May 7-9th. Power2Drive Europe is Europe’s premier event dedicated to electric vehicles, charging infrastructure, and renewable energy integration, bringing together manufacturers, energy providers, and technological pioneers to create the future of sustainable mobility. Visit ELECQ at Hall C6, Booth 674, where it will meet with industry leaders and demonstrate its commitment to driving EV and charging infrastructure development throughout Europe.

• Rise In Smart Home Ecosystem: The increased use of smart home ecosystems is driving the smart EV charger market, particularly in the residential segment. As more people use connected home products such as smart thermostats, solar systems, energy monitors, and voice assistants, there is a growing demand for smart EV chargers that can work smoothly with this ecosystem.

Report Scope

SWOT Analysis

• Strengths: The global rise in electric vehicle (EV) adoption is one of the most powerful catalysts driving the rapid expansion of the smart EV charger market. As governments, consumers, and automakers transition toward cleaner transportation, demand for intelligent, connected charging infrastructure is increasing across residential, commercial, and public segments.

• Weakness: Technical complexity is a key weakness in the smart EV charger market. It increases costs, creates user friction, and requires significant technical expertise. However, as the market matures, advancements in user experience design, standardization, and AI-driven support tools are expected to lower these barriers, accelerating wider adoption.

• Opportunities: The rise of smart cities and the implementation of progressive government policies are major catalysts for the smart EV charger market. Governments across the globe are integrating smart mobility and energy strategies into their urban planning frameworks—boosting the deployment of connected, efficient, and grid-integrated EV chargers.

• Threats: The smart EV charger market is experiencing intensifying competition as EV adoption accelerates globally. The sector is attracting a wide range of players—from legacy energy giants and EV manufacturers to tech startups and software-as-a-service (SaaS) firms—each seeking to capitalize on the demand for connected, grid-ready, and user-friendly charging infrastructure.

List of the prominent players in the Smart EV Charger Market:

• Eaton
• Wallbox
• Zaptec
• AeroVironment
• Tesla
• Siemens
• ABB
• EVBox
• Tritium
• Alfen
• ChargePoint
• Webasto
• Efacec
• Delta Electronics
• Schneider Electric
• Others

The Smart EV Charger Market is segmented as follows:

By Charger Type

• AC Chargers
• Wireless Chargers
• DC Chargers

By Charging Power

• Low Power
• Medium Power
• High Power

By Connectivity

• Wi-Fi Enabled
• Bluetooth Enabled
• Other Connectivity

By Application

• Residential
• Commercial
• Public

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America