The Business Research Company has released “Electric Vehicle Charging Stations Equipment Global Market Report 2024. As per TBRC’s market forecast, the electric vehicle charging stations equipment market size is predicted to reach the electric vehicle charging stations equipment market size has grown exponentially in recent years. It will grow from $192.15 billion in 2023 to $262.5 billion in 2024 at a compound annual growth rate (CAGR) of 36.6%. The growth in the historic period can be attributed to growing ev adoption, environmental concerns, government incentives, technological advancements, range anxiety mitigation.The electric vehicle charging stations equipment market size is expected to see exponential growth in the next few years. It will grow to $819.66 billion in 2028 at a compound annual growth rate (CAGR) of 32.9%.
The growth in the electric vehicle charging stations equipment market is due to national and international legislative policies for promoting the electric vehicle (EV). Asia Pacific region is expected to hold the largest electric vehicle charging stations equipment market share. Major players in the electric vehicle charging stations equipment market include e ABB Ltd., Siemens AG, The New Motion BV, Tesla Motors Inc., ClipperCreek Inc., DBT SA, Chargemaster PLC.