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Major factor driving growth of the global electric vehicle charging market is increasing penetration of electric vehicle and increasing government initiatives to reduce greenhouse gas emission through transportation sector. In addition, lower maintenance costs, cheaper per-mile travel, and environmental benefits of low-emission transportation is another factor driving growth of the global electric vehicle charging market.

The global electric vehicle charging market is segmented on the basis of vehicle type, charging type, end user and region.

The vehicle type segment of global electric vehicle charging market is segmented on the basis of battery electric vehicles (BEV), plug-in electric vehicles (PHEV), and hybrid electric vehicles (HEV).

The charging type segment of global electric vehicle charging market is segmented on the basis of on-board chargers and off-board chargers.

The end user segment of global electric vehicle charging market is segmented on the basis of residential and commercial. The commercial segment is estimated to dominate the global electric vehicle charging market. The residential segment is projected to register highest CAGR over the forecast period.

On the basis of region, the global electric vehicle charging market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

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The market in Asia Pacific is expected to account for largest share in the global market in terms of revenue, owing to increasing demand from commercial sector in countries in the region. The market in North America and Europe is expected to account for significant revenue share in the global market. The market in North America is projected to register lucrative CAGR in terms of revenue over the forecast period, owing to presence of major players operating in emerging economies in this region.

Key players operating in the global electric vehicle charging market include ABB Ltd., Robert Bosch GmbH, Siemens AG, Delphi Automotive LLP, Chroma ATE Inc., Aerovironment Inc., Silicon Laboratories Inc., Chargemaster PLC, Schaffner Holdings AG, and POD Point Ltd.

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