Europe EV Charging Infrastructure Market size is poised to witness significant growth between 2021 and 2027 on account of technological advancement across charging infrastructure coupled with growing inclination toward electric vehicles adoption. Rising awareness toward environmental safety and sustainability along with increasing energy efficient standards will lead to industry development. Furthermore, increase in energy prices and stringent regulatory framework pertaining emissions will strengthen the market landscape.

European Market, By Current

AC charging stations will observe a remarkable growth through 2027 owing to continuous ongoing advancements in technology toward developing in built characteristics coupled with rising deployment across residential and commercial establishments. In addition, adoption of EV ready structure codes and rise in construction of charging stations will impact the market revenue. Moreover, introduction of provision of incentives for multi-family properties, businesses and organizations to construct their own EV charging points will complement the business outlook.

European Market, By Charging Site

Public charging stations will see an upsurge during the forecast period driven by rise in the production of electric vehicles by the manufacturers as per the demand along with increasing awareness toward environmental sustainability. Furthermore, rising necessity to install DC fast and ultra-fast charging stations including tesla superchargers and ChadeMo will drive the industry demand. Moreover, battery technology is constantly advancing and the battery exchange stations are being deployed. In addition, each generation of new EVs can charge faster than conventional vehicles, having a positive impact on the market size.

European Market, By Country

Germany EV charging infrastructure industry is set to gain momentum till 2027 due to increased adoption of technically advanced EVs, followed by the implementation of various fast charging standards, including GB/T and increasing usage of public sector stations. The technological shortcomings of highly dense metropolitan cities with more street and wide commercial parking areas will also serve as a mechanism for high demand for public transport.

The outbreak of the COVID-19 pandemic has brought governments around Europe from other activities to health facilities in their countries. The imposed lockdown also affected the entire work on the infrastructure because people had to stay in their countries to maintain social distance and avoid the spread of the virus, which affected employee availability and therefore reduced the production across the industry worldwide. However, with the gradual opening of the infrastructure projects, the market is expected to grow from the second half of 2021. For instance, in June 2020, the German government announced incentive plans/programs to promote the development of a network of charging stations for electric vehicles. Increased emphasis on EV charge infrastructure means that in a hot market.

Competitive Industry Landscape

Eminent players functioning in the market includes, Siemens, Volkswagen Group, E. ON SE, BMW Group, Hyundai Motors, Mercedes-Benz, ABB, Schneider Electric, RWE, Greenway Infrastructure, ChargePoint and Nissan Motors Co. ltd. Manufacturers are focusing to introduce advance technology through mergers and acquisitions, strategic partnerships to strengthen their market position.