Europe Electric Vehicle Charging Stations Market by Component, Charging Type, Connection Type (Connectors, Wireless Charging), Mounting Type, Vehicle Type (Passenger Cars, Two-wheelers & Scooters), End User and Geography - Forecast to 2030

The Europe Electric Vehicle Charging Stations Market is projected to reach $34 billion by 2030, at a CAGR of 25.9% during the forecast period of 2024–2030. The growth of this market is driven by the rising demand for EV fast-charging infrastructure, growing government initiatives to develop charging infrastructure, and the increasing company’s investment in electric vehicle charging stations across the country. However, the high installation costs of EV charging stations restrain the growth of this market. Furthermore, the increasing adoption of electric mobility in emerging economies and growing government support for zero-emission vehicles (ZEVs) are expected to create market growth opportunities. However, the high electricity tariffs in developing countries are a major challenge for the players operating in this market. The latest trends in the Europe electric vehicle charging stations market are electric vehicle charging stations powered by renewable energy.

Rising Demand for EV Fast-charging Infrastructure

The growing adoption of electric vehicles due to their efficiency and eco-friendly nature has driven the demand for fast-charging infrastructure. Electric vehicles are expected to be utilized for city commutes and long-distance traveling. Most EVs require fast-charging solutions to ensure smooth, uninterrupted travel. Leading charging station network operators worldwide have announced projects for the deployment of fast-charging stations, and many shared mobility operators across the globe have set targets for fleet electrification, leading to significant growth in charging infrastructure.

Several companies are launching the EV Fast-charging infrastructure to accelerate the widespread adoption of EVs, increase access to charging, and help enable long-distance electric travel of people and vehicles across the globe. For instance, in July 2022, General Motors (U.S.) collaborated with Pilot Travel Centers LLC (U.S.) to build DC fast charging network that will be installed, operated, and maintained by EVgo through its comprehensive offering. This collaboration targets installing charging stalls at 50-mile intervals across the U.S. with an investment of USD 750 million for EV charging infrastructure. Such developments help to increase the demand for EV Fast-charging infrastructure during the forecast period.

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Key Findings in the Europe Electric Vehicle Charging Stations Market Study:

The Software Segment to Register the Highest CAGR During Forecast Period

Based on component, the software segment is projected to register the highest CAGR during the forecast period. The increasing transparency in electricity consumption and demand charges, the growing need for managing EV fleets in real-time, and the increasing deployment of smart remote charging stations are expected to support the growth of this segment.

The DC Fast Charging to Register the Highest CAGR During Forecast Period

Based on charging type, the DC fast charging segment is projected to register the highest CAGR during the forecast period. The growing government rebates on the purchase of DC fast charging stations and increasing investments from automakers towards the development of DC fast charging station infrastructure to support their long-range battery-electric vehicle are expected to support the growth of this segment.

The Wall Mount Segment to Register the Highest CAGR During Forecast Period

Based on mounting type, the wall mount segment is projected to register the highest CAGR during the forecast period. The increasing need to offer high-speed charging in a compact, affordable, and scalable package is expected to support the growth of this segment and growing adoption of wall mount charging in residential and commercial parking lots due to lower cost.

The Heavy Commercial Vehicles Segment to Register the Highest CAGR During Forecast Period

Based on vehicle type, the heavy commercial vehicles segment is projected to register the highest CAGR during the forecast period. The increasing adoption of electric mobility in emerging economies, government subsidies & tax rebates for promoting EV adoption, the growing adoption of autonomous delivery vehicles, and the increasing adoption of electric buses and trucks for public transport and freight services are expected to support the growth of this segment.

Denmark to be the Fastest Growing Market

Denmark is projected to register the highest CAGR during the forecast period. The increasing government initiatives in reducing carbon dioxide emissions, growing technological advancements, growing awareness regarding electric vehicles, lower taxes on purchasing electric vehicles, and rapid use of electric vehicles are expected to support the market growth in the country during the forecast period.

Key Players

The key players operating in the Europe electric vehicle charging stations market include ChargePoint Holdings, Inc. (U.S.), Blink Charging Co. (U.S.), ABB Ltd. (Switzerland), Tesla, Inc. (U.S.), BP p.l.c. (U.K.), Shell Plc (U.K.), Électricité De France (France), EVBox Group (Netherlands), Connected Kerb Limited (U.K.), HANGZHOU AONENG POWER SUPPLY EQUIPMENT CO., LTD. (China), Webasto Group (Germany), and Siemens AG (Germany).

Scope of the report:

Europe Electric Vehicle Charging Stations Market Assessment, by Component                                    

• Hardware               
  • Electric Vehicle Supply Equipment
  • Cable Management Systems
  • Electrical Distribution Systems
• Software
  • Charging Station Management Systems
  • Smartphone Applications
  • Open Charge Point Protocol
  • Interoperability Solutions
• Services
  • Systems Integration & Installation
  • Maintenance 

Europe Electric Vehicle Charging Stations Market Assessment, by Charging Type               

• Level 2
• DC Fast Charging
• Level 1

Europe Electric Vehicle Charging Stations Market Assessment, by Connection Type          

• Connectors
• Pantographs
• Wireless Charging
  • Static Wireless EV Charging
  • Dynamic Wireless EV Charging

Europe Electric Vehicle Charging Stations Market Assessment, by Mounting Type              

• Wall Mount
• Pedestal Mount
• Ceiling Mount

Europe Electric Vehicle Charging Stations Market Assessment, by Vehicle Type                 

• Passenger Cars    
• Light Commercial Vehicles 
• Two-wheelers & Scooters   
• Heavy Commercial Vehicles

Europe Electric Vehicle Charging Stations Market Assessment, by End User                         

• Commercial EV Charging Stations    
  • Commercial Public EV Charging Stations
    • On-road Charging
    • Parking Spaces
    • Destination Chargers
  • Commercial Private EV Charging Stations
    • Fleet Charging
    • Captive Charging
• Residential EV Charging Stations

Europe Electric Vehicle Charging Stations Market Assessment, by Country/Region                                             

• Germany
• Norway
• Sweden
• Italy
• U.K.
• Spain
• Netherlands
• France
• Denmark
• Rest of Europe

Key questions answered in the report: