EV Charging Kiosk Market: Current Analysis and Forecast (2022-2030)

Report Description

The EV charging kiosk market was valued at USD 7,500.00 million in the year 2022 and is expected to grow at a strong CAGR of around 28.6 % during the forecast period 2023-2030. From urban centers to rural areas, charging kiosks have cropped up at strategic locations, such as parking lots, shopping centers, and highways. As the country seeks to reduce its reliance on fossil fuels, the proliferation of these kiosks has not only eased range anxiety for EV owners but also catalyzed a cultural shift towards sustainable transportation choices. The EV charging kiosks market is fueled by a combination of factors that shape its trajectory. Federal and state incentives for electric vehicle adoption, coupled with advancements in battery technology, have spurred a surge in demand for charging infrastructure. For instance, in 2023, the United State  Bipartisan Infrastructure Act includes USD 7.5 Billion for Electric Vehicles (EVs), USD 10 Billion for Clean Transportation, and USD 7 Billion for Electric Vehicle (EV) Battery Components, Critical Minerals, and Materials. These flagship programs are in addition to the landmark Inflation Reduction Act (IRA) support for advanced batteries, new and expanded tax credits for the purchase of EVs, and to support the installation of charging infrastructure.

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Some of the major players operating in the market include ABB Ltd; ChargePoint, Inc; EVgo Services LLC; Allego; Schneider Electric; Blink Charging Co; Wi Tricity Corporation; Toshiba Corporation.; AeroVironment, Inc; Chargemaster plc. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst charging stations, the DC segment is expected to grow at the fastest growth rate during the forecast period.

Based on the charging station, the market is segmented into AC and DC. Among these, the DC segment is expected to grow with the fastest CAGR during the forecast period. These stations are characterized by their ability to deliver high charging rates, catering to the pressing need for quicker refueling times, especially during extended journeys and demanding operational scenarios. The proliferation of DC charging infrastructure serves as a critical enabler for addressing range anxiety concerns and supporting the seamless integration of EVs in sectors such as long-distance travel and commercial fleet operations. Moreover, the companies are also investing in the market to provide more products, thus driving the growth of the market. For instance, in 2023, BMW is joining forces with Evergo in Mexico to build more than 4,000 public charging stations for electric vehicles in the country over the next five years. The companies have slated a $ 200 million investment and are looking into both AC and DC charging. in an increase in the demand for these devices, thereby boosting the growth of the EV charging kiosk market.

“Amongst connector type, the CSS segment is expected to grow at the fastest growth rate during the forecast period.”

By connector type, the market is segmented into CSS, CHAdeMO, and Others. Among these, the CSS segment is expected to grow with the fastest CAGR during the forecast period. The electric vehicle (EV) landscape is undergoing a transformation with the growing embrace of standardized charging solutions, notably the Combined Charging System (CCS). CCS stands as a pivotal fast-charging standard recognized for its compatibility with an extensive array of EV models. Distinguished by its integration of both Alternating Current (AC) and Direct Current (DC) charging capabilities within a single connector, CCS exemplifies the industry’s drive toward unified and versatile fast-charging options. As CCS-equipped charging infrastructure gains momentum, it underscores the automotive sector’s concerted effort to establish an integrated charging ecosystem capable of meeting the diverse demands of electric mobility.

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“North America is Expected to Grow at the Fastest Growth Rate During the Forecast Period”

The adoption of EV charging kiosks in North America has surged in recent years, reflecting a significant shift towards sustainable transportation solutions. This trend is a result of heightened awareness regarding environmental concerns and the need to reduce carbon emissions. For instance, according to International Energy Agency, The Zero-Emission Government Fleet Declaration, signed in September 2022, aims to reach 100% zero-emission cars and vans in government fleets, with an additional aspiration of 100% zero-emission trucks and buses acquisitions, by no later than 2035. As governments and businesses alike prioritize clean energy initiatives, the installation of EV charging kiosks has gained traction across the continent. With an increasing number of electric vehicles on the road, the convenience and accessibility of these kiosks have contributed to reshaping the transportation landscape in North America.

EV Charging Kiosk Market Report Coverage

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

The global EV Charging Kiosk Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to contact us to get a report that completely suits your requirements.

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Research Methodology

Research Methodology for the EV Charging Kiosk Market Analysis (2023-2030)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global EV Charging Kiosk Market were the three major steps undertaken to create and analyze the adoption of EV chargers in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global EV Charging Kiosk Market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the EV Charging Kiosk Market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the EV Charging Kiosk Market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as charging station, connector type, and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the EV Charging Kiosk Market. Further, we conducted factor analysis using dependent and independent variables such as charging station, connector type, and application of the EV Charging Kiosk Market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the EV Charging Kiosk Market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global EV Charging Kiosk Market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the EV Charging Kiosk Market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global EV Charging Kiosk Market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global EV Charging Kiosk Market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of the charging station, connector type, and application in the global EV Charging Kiosk Market.

The main objective of the Global EV Charging Kiosk Market Study

The current & future market trends of the global EV Charging Kiosk Market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the EV Charging Kiosk Market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments.
• Segments in the study include areas of the charging station, connector type, and application.
• Define and analysis of the regulatory framework for the Charging
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
• Analyze the current and forecast market size of the EV Charging Kiosk Market for the major region.
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
• Company profiles of the EV Charging Kiosk Market and the growth strategies adopted by the market players to sustain in the fast-growing market.
• Deep dive regional level analysis of the industry

You can also purchase parts of this report. Do you want to check out a section wise
price list?

Get in touch with team