Europe Electric Vehicle Charging Station Market Outlook, 2027

Europe and the European countries are among the frontrunners, when it comes to the adoption of electric mobility. Since the EVs have arrived in the European market, there has been a steady increase in the sales of these vehicles. Along with the increase in the sales of EVs, Europe has also seen a rapid increase in the availability of the EV charging stations. It has been researched that in 2010 there were only 2 charging stations and by the end of 2020 it has raised to 11 charging stations. EVs are having a huge demand in the European market since 2010 and now the new advanced technology is enhancing the EVs and even the charging stations.

There are mainly three types of charging available for electric vehicles like rapid, slow and fast. The rapid chargers are known to be the fastest way to the EVs and the consumer can find these chargers at motorway services or at locations close to the main routes. The rapid chargers have cables tethered to the unit and can only be used to charge the vehicles with rapid charging capability. The fast chargers are rated at either 7kW or at 22kW. These chargers provide AC (alternating charging) charging, the charging times can vary on unit speed and the vehicle type. The 7kW chargers can charge the EV with 40kWh battery in 4 to 6 hours and the 22-kW charger can charge in 1 to 2 hours. The user can easily find these chargers at supermarkets, parks or at leisure centres. The slow chargers are usually rated up to 3 kW. Slow charging is a common method of charging an EV, mostly at homes for overnight charging. However, slow chargers take some time to charge, so these chargers are less popular and not in much trend.

According to the market research report published by Bonafide Research titled as “Europe Electric Vehicle Charging Station Market Outlook, 2027”, states that the region is estimated to grow with a CAGR of 32.48% by the end of the forecasted year 2027. Here Germany is leading with the highest market share in terms of both value and volume.

As per research the country Germany’s electric mobility will play a major role in future energy system, because of the growing share of the renewable energy will be used to electrify the future transport segment. The EVs will be having a huge impact on the electric grid and however Germany will set itself as to become the leading market in the coming years.

The electric vehicles or EVs are gradually gaining huge popularity as an alternative for fuel and gas vehicles in the market. These vehicles have become more popular because of the increase in harmful side effects to the environment such as drastic climate changes leading to global warming, zero-emission mobility for electric vehicles and these also reduces the urban air and noise pollution. Therefore, in a positive way these electric vehicles can save the planet from getting polluted in coming few years.

Major Companies present in the market:
ChargePoint Holdings, Inc., Shell, Tesla Inc., BP, ABB, RWE, Siemens, Efacec, BLINK CHARGING co. , Eaton Corporation plc, SCHNEIDER ELECTRIC, WEBASTO GROUP, Leviton Manufacturing Co. Inc., Phihong USA Corp., EV Safe Charge Inc., Tata Power.

Considered in this report
• Geography: Europe
• Base year: 2021
• Estimated year: 2022
• Forecast year: 2027

Aspects covered in this report
• Europe Electric Vehicle Charging Station market with its value and forecast along with its segments
• Country-wise electric vehicle charging station market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Countries covered in the report
• Germany
• UK
• France
• Norway
• Netherlands
• Sweden
• Italy
• Spain

Types of charger in the report
• Slow/ Moderate
• Fast

Type of charging levels:
• Level 1 (AC charging)
• Level 2 (AC charging)
• Level 3 (DCFC)

By Application type:
• Public
• Private

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to electric vehicle charging station industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

This report would help you answer the following questions:
1. At what rate the Europe electric vehicle charging station market will grow in forecast period?
2. What are the types of electric vehicle chargers?
3. What are the different types of electric vehicle charging levels?
4. Which electric vehicle charger type is leading the market?
5. What is the impact of COVID-19 on the Europe electric vehicle charging station Market?
6. What are the different types of charging station by applications?

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Manmayi Raval

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