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Asia Pacific EV Charging Infrastructure Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Platform (Hardware and Services), Hardware (AC Charger and DC Charger), Charger Type (Public Chargers and Private Chargers), and IEC Mode (2, 3, and 4)
- Report Code : TIPRE00028690
- Pages : 131
The APAC EV charging infrastructure market is expected to grow from US$ 3,993.09 million in 2021 to US$ 10,773.75 million by 2028. It is estimated to grow at a CAGR of 15.2% from 2021 to 2028.
Smart Charging and Connected Infrastructure
The accelerated technological development of next-generation electric vehicles and their supporting components, along with the evolution of charging-technology providers, is leading to rapid technological advancements in EV charging technology. The operations of electric vehicle charging stations are transforming due to the rising penetration of artificial intelligence (AI), the internet of things, and cloud computing as many major players in the EV charging infrastructure market are beginning to shift their focus toward the development of smart charging stations, which enables data connection between stations and EVs. Many technology providers have a dedicated focus on next-generation EV charging technology to integrate cloud connectivity, AI, access via smartphone, and fast charging in their infrastructure. Furthermore, the emergence of new software solutions, such as cloud-based digital solutions for real-time fleet management and acceleration in electrification, is shaping the EV charging infrastructure market. For instance, the charging management software offered by EVBox enables users to track, manage, and optimize their EV charging infrastructure. Therefore, charging systems designed for high power and fast charging, incorporating the use of software solutions for a cloud connected EV charging infrastructure, are expected to pave the way for the market’s growth and become a prominent trend in the coming years.
Market Overview
Following large-scale expenditures from regional governments, such as India, South Korea, and China, the Asia Pacific EV Charging Infrastructure Market projection appears to be on track. Due to the sheer pressure, the governments in Asia Pacific countries need to address environmental problems. Public charging infrastructure is expanding in tandem with the region’s growing usage of electric vehicles. As technology advances toward a new digital era, ultra-fast chargers are becoming increasingly important. Automobile manufacturers are investing in DC charging stations to meet this demand. Tesla’s entry into several nations, such as India and China, and regional automakers’ development of long-range battery vehicles, are likely to help accelerate the deployment of ultra-fast charging infrastructure. Market participants deliver business prototypes of EV charging stations for private and public usage, accelerating research projects. Furthermore, the size of India’s EV charging infrastructure sector is constantly growing at a significant pace. There are only a few players in this regional market, such as Hyundai Kona electric, Tata Nexon EV, and MG ZS EV, which means that there is a lot of room for new players to enter the market, making EV charging infrastructure the next big thing in this regional automobile industry. Tata Power, an Indian power generation behemoth, has been actively ramping up its electric vehicle charging network, recognizing this potential. Tata Power is poised to capture a significant chunk of the Asia Pacific EV Charging Infrastructure Market. Its accessories span all main sectors, such as residential charging, public charging, workplace charging, and captive charging, resulting in market expansion.
APAC EV Charging Infrastructure Market Revenue and Forecast to 2028 (US$ Million)
APAC EV Charging Infrastructure Market Segmentation
The APAC EV charging infrastructure market is segmented based on operator type, platform, hardware, charger type, IEC mode, and country.
Based on operator type, the APAC EV charging infrastructure market is bifurcated into charge point operator and e-mobility service providers. Charge point operator segment held a larger market share in 2021. Based on platform, the APAC EV charging infrastructure market is bifurcated into hardware and services. Hardware segment held a larger market share in 2021. Based on hardware, the APAC EV charging infrastructure market is bifurcated into AC charger and DC charger. AC charger segment held a larger market share in 2021. The AC charger segment is further divided into level 1 charger (120 v) and level 2 charger (240 v). Based on charger type, the APAC EV charging infrastructure market is bifurcated into public chargers and private chargers. Private chargers segment held a larger market share in 2021. Based on IEC mode, the APAC EV charging infrastructure market is segmented into 2, 3, and 4. The 2 segment held a largest market share in 2021. Based on country, the APAC EV charging infrastructure market is segmented into China, India, Japan, South Korea, Australia, and rest of APAC. China dominated the market in 2021.
ABB Ltd.; Blink Charging Co.; BOSCH Auto Parts; Delta Electronics, Inc.; Driivz Ltd.; Eaton; EVBox; Leviton Manufacturing Co., Inc.; Siemens AG; Tesla, Inc.; Tritium; Wallbox Chargers, S.L.; and Webasto Group are the leading companies operating in the APAC EV charging infrastructure market.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 APAC EV Charging Infrastructure Market – By Operator Type
1.3.2 APAC EV Charging Infrastructure Market – By Platform
1.3.3 APAC EV Charging Infrastructure Market – By Hardware
1.3.4 APAC EV Charging Infrastructure Market – By Charger Type
1.3.5 APAC EV Charging Infrastructure Market – By IEC Mode
1.3.6 APAC EV Charging Infrastructure Market- By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. APAC EV Charging Infrastructure Market Landscape
4.1 Market Overview
4.2 APAC PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. APAC EV Charging Infrastructure Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Surge in Production and Sales of Electric Vehicles
5.1.2 Support from Government Policies
5.2 Market Restraints
5.2.1 Lack of Uniformity in Charging Standards
5.3 Market Opportunities
5.3.1 Demand for EV Charging in Commercial Buildings
5.4 Future Trends
5.4.1 Smart Charging and Connected Infrastructure
5.5 Impact Analysis of Drivers and Restraints
6. EV Charging Infrastructure Market –APAC Analysis
6.1 APAC EV Charging Infrastructure Market Overview
6.2 APAC EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
7. APAC EV Charging Infrastructure Market Analysis – By Operator Type
7.1 Overview
7.2 APAC EV Charging Infrastructure Market, By Platform (2020 and 2028)
7.3 Charge Point Operator (CPO)
7.3.1 Overview
7.3.2 Charge Point Operator (CPO): EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
7.4 E-Mobility Service Providers (EMSP)
7.4.1 Overview
7.4.2 E-Mobility Service Providers (EMSP): EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
8. APAC EV Charging Infrastructure Market Analysis – By Platform
8.1 Overview
8.2 APAC EV Charging Infrastructure Market, By Platform (2020 and 2028)
8.3 Hardware
8.3.1 Overview
8.3.2 Hardware: EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Services
8.4.1 Overview
8.4.2 Services: EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
9. APAC EV Charging Infrastructure Market Analysis – By Hardware
9.1 Overview
9.2 APAC EV Charging Infrastructure Market, By Hardware (2020 and 2028)
9.3 AC charger
9.3.1 Overview
9.3.2 AC charger: EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
9.3.3 Level 1 Charger (120 V)
9.3.3.1 Overview
9.3.3.2 Level 1 Charger (120 V): EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4 Level 2 Charger (240 V)
9.3.4.1 Overview
9.3.4.2 Level 2 Charger (240 V): EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
9.4 DC Charger
9.4.1 Overview
9.4.2 DC Charger: EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
10. APAC EV Charging Infrastructure Market Analysis – By Charger Type
10.1 Overview
10.2 APAC EV Charging Infrastructure Market, By Charger Type (2020 and 2028)
10.3 Public Chargers
10.3.1 Overview
10.3.2 Public Chargers: EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
10.4 Private Chargers
10.4.1 Overview
10.4.2 Private Chargers: EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
11. APAC EV Charging Infrastructure Market Analysis – By IEC Mode
11.1 Overview
11.2 APAC EV Charging Infrastructure Market, By IEC Mode (2020 and 2028)
11.3 2
11.3.1 Overview
11.3.2 2: EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
11.4 3
11.4.1 Overview
11.4.2 3: EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
11.5 4
11.5.1 Overview
11.5.2 4: EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
12. APAC EV Charging Infrastructure Market – Country Analysis
12.1 Overview
12.1.1 APAC: EV Charging Infrastructure Market, by Key Country
12.1.1.1 Australia: EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
12.1.1.1.1 Australia: EV Charging Infrastructure Market, by Operator Type
12.1.1.1.2 Australia: EV Charging Infrastructure Market, by Platform
12.1.1.1.3 Australia: EV Charging Infrastructure Market, by Hardware
12.1.1.1.4 Australia: EV Charging Infrastructure Market, by Charger Type
12.1.1.1.5 Australia: EV Charging Infrastructure Market, by IEC Mode
12.1.1.2 China: EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
12.1.1.2.1 China: EV Charging Infrastructure Market, by Operator Type
12.1.1.2.2 China: EV Charging Infrastructure Market, by Platform
12.1.1.2.3 China: EV Charging Infrastructure Market, by Hardware
12.1.1.2.4 China: EV Charging Infrastructure Market, by Charger Type
12.1.1.2.5 China: EV Charging Infrastructure Market, by IEC Mode
12.1.1.3 India: EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
12.1.1.3.1 India: EV Charging Infrastructure Market, by Operator Type
12.1.1.3.2 India: EV Charging Infrastructure Market, by Platform
12.1.1.3.3 India: EV Charging Infrastructure Market, by Hardware
12.1.1.3.4 India: EV Charging Infrastructure Market, by Charger Type
12.1.1.3.5 India: EV Charging Infrastructure Market, by IEC Mode
12.1.1.4 Japan: EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
12.1.1.4.1 Japan: EV Charging Infrastructure Market, by Operator Type
12.1.1.4.2 Japan: EV Charging Infrastructure Market, by Platform
12.1.1.4.3 Japan: EV Charging Infrastructure Market, by Hardware
12.1.1.4.4 Japan: EV Charging Infrastructure Market, by Charger Type
12.1.1.4.5 Japan: EV Charging Infrastructure Market, by IEC Mode
12.1.1.5 South Korea: EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
12.1.1.5.1 South Korea: EV Charging Infrastructure Market, by Operator Type
12.1.1.5.2 South Korea: EV Charging Infrastructure Market, by Platform
12.1.1.5.3 South Korea: EV Charging Infrastructure Market, by Hardware
12.1.1.5.4 South Korea: EV Charging Infrastructure Market, by Charger Type
12.1.1.5.5 South Korea: EV Charging Infrastructure Market, by IEC Mode
12.1.1.6 Rest of APAC: EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
12.1.1.6.1 Rest of APAC: EV Charging Infrastructure Market, by Operator Type
12.1.1.6.2 Rest of APAC: EV Charging Infrastructure Market, by Platform
12.1.1.6.3 Rest of APAC: EV Charging Infrastructure Market, by Hardware
12.1.1.6.4 Rest of APAC: EV Charging Infrastructure Market, by Charger Type
12.1.1.6.5 Rest of APAC: EV Charging Infrastructure Market, by IEC Mode
13. Industry Landscape
13.1 Market Initiative
13.2 Merger and Acquisition
13.3 New Development
14. Company Profiles
14.1 Tritium
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Blink Charging Co.
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 EVBox
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Tesla, Inc.
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Webasto Group
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Delta Electronics, Inc.
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Wallbox Chargers, S.L.
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 ABB Ltd.
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 BOSCH Auto Parts
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Siemens AG
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
14.11 Eaton
14.11.1 Key Facts
14.11.2 Business Description
14.11.3 Products and Services
14.11.4 Financial Overview
14.11.5 SWOT Analysis
14.11.6 Key Developments
14.12 Leviton Manufacturing Co., Inc.
14.12.1 Key Facts
14.12.2 Business Description
14.12.3 Products and Services
14.12.4 Financial Overview
14.12.5 SWOT Analysis
14.12.6 Key Developments
14.13 Driivz Ltd.
14.13.1 Key Facts
14.13.2 Business Description
14.13.3 Products and Services
14.13.4 Financial Overview
14.13.5 SWOT Analysis
14.13.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Word Index
LIST OF TABLES
Table 1. APAC EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. APAC: EV Charging Infrastructure Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia: EV Charging Infrastructure Market, by Operator Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. Australia: EV Charging Infrastructure Market, by Platform – Revenue and Forecast to 2028 (US$ Million)
Table 5. Australia: EV Charging Infrastructure Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)
Table 6. Australia: EV Charging Infrastructure Market, by AC charger – Revenue and Forecast to 2028 (US$ Million)
Table 7. Australia: EV Charging Infrastructure Market, by Charger Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. Australia: EV Charging Infrastructure Market, by IEC Mode – Revenue and Forecast to 2028 (US$ Million)
Table 9. China: EV Charging Infrastructure Market, by Operator Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. China: EV Charging Infrastructure Market, by Platform – Revenue and Forecast to 2028 (US$ Million)
Table 11. China: EV Charging Infrastructure Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)
Table 12. China: EV Charging Infrastructure Market, by AC charger – Revenue and Forecast to 2028 (US$ Million)
Table 13. China: EV Charging Infrastructure Market, by Charger Type – Revenue and Forecast to 2028 (US$ Million)
Table 14. China: EV Charging Infrastructure Market, by IEC Mode – Revenue and Forecast to 2028 (US$ Million)
Table 15. India: EV Charging Infrastructure Market, by Operator Type – Revenue and Forecast to 2028 (US$ Million)
Table 16. India: EV Charging Infrastructure Market, by Platform – Revenue and Forecast to 2028 (US$ Million)
Table 17. India: EV Charging Infrastructure Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)
Table 18. India: EV Charging Infrastructure Market, by AC charger – Revenue and Forecast to 2028 (US$ Million)
Table 19. India: EV Charging Infrastructure Market, by Charger Type – Revenue and Forecast to 2028 (US$ Million)
Table 20. India: EV Charging Infrastructure Market, by IEC Mode – Revenue and Forecast to 2028 (US$ Million)
Table 21. Japan: EV Charging Infrastructure Market, by Operator Type – Revenue and Forecast to 2028 (US$ Million)
Table 22. Japan: EV Charging Infrastructure Market, by Platform – Revenue and Forecast to 2028 (US$ Million)
Table 23. Japan: EV Charging Infrastructure Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)
Table 24. Japan: EV Charging Infrastructure Market, by AC charger – Revenue and Forecast to 2028 (US$ Million)
Table 25. Japan: EV Charging Infrastructure Market, by Charger Type – Revenue and Forecast to 2028 (US$ Million)
Table 26. Japan: EV Charging Infrastructure Market, by IEC Mode – Revenue and Forecast to 2028 (US$ Million)
Table 27. South Korea: EV Charging Infrastructure Market, by Operator Type – Revenue and Forecast to 2028 (US$ Million)
Table 28. South Korea: EV Charging Infrastructure Market, by Platform – Revenue and Forecast to 2028 (US$ Million)
Table 29. South Korea: EV Charging Infrastructure Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)
Table 30. South Korea: EV Charging Infrastructure Market, by AC charger – Revenue and Forecast to 2028 (US$ Million)
Table 31. South Korea: EV Charging Infrastructure Market, by Charger Type – Revenue and Forecast to 2028 (US$ Million)
Table 32. South Korea: EV Charging Infrastructure Market, by IEC Mode – Revenue and Forecast to 2028 (US$ Million)
Table 33. Rest of APAC: EV Charging Infrastructure Market, by Operator Type – Revenue and Forecast to 2028 (US$ Million)
Table 34. Rest of APAC: EV Charging Infrastructure Market, by Platform – Revenue and Forecast to 2028 (US$ Million)
Table 35. Rest of APAC: EV Charging Infrastructure Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)
Table 36. Rest of APAC: EV Charging Infrastructure Market, by AC charger – Revenue and Forecast to 2028 (US$ Million)
Table 37. Rest of APAC: EV Charging Infrastructure Market, by Charger Type – Revenue and Forecast to 2028 (US$ Million)
Table 38. Rest of APAC: EV Charging Infrastructure Market, by IEC Mode – Revenue and Forecast to 2028 (US$ Million)
Table 39. List of Abbreviation
LIST OF FIGURES
Figure 1. APAC EV Charging Infrastructure Market Segmentation
Figure 2. APAC EV Charging Infrastructure Market Segmentation – By Country
Figure 3. APAC EV Charging Infrastructure Market Overview
Figure 4. APAC EV Charging Infrastructure Market, By Platform
Figure 5. APAC EV Charging Infrastructure Market, By Country
Figure 6. APAC: PEST Analysis
Figure 7. Expert Opinion
Figure 8. APAC EV Charging Infrastructure Market: Impact Analysis of Drivers and Restraints
Figure 9. APAC EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
Figure 10. APAC EV Charging Infrastructure Market Revenue Share, By Platform (2020 and 2028)
Figure 11. APAC Charge Point Operator (CPO): EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. APAC E-Mobility Service Providers (EMSP): EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. APAC EV Charging Infrastructure Market Revenue Share, By Platform (2020 and 2028)
Figure 14. APAC Hardware: EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. APAC Services: EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. APAC EV Charging Infrastructure Market Revenue Share, By Hardware (2020 and 2028)
Figure 17. APAC AC charger: EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. APAC Level 1 Charger (120 V): EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. APAC Level 2 Charger (240 V): EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. APAC DC Charger: EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. APAC EV Charging Infrastructure Market Revenue Share, By Charger Type (2020 and 2028)
Figure 22. APAC Public Chargers: EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. APAC Private Chargers: EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. APAC EV Charging Infrastructure Market Revenue Share, By IEC Mode (2020 and 2028)
Figure 25. APAC 2: EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. APAC 3: EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. APAC 4: EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. APAC: EV Charging Infrastructure Market, by Key Country – Revenue (2020) (US$ Million)
Figure 29. APAC: EV Charging Infrastructure Market Revenue Share, by Key Country (2020 & 2028)
Figure 30. Australia: EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. China: EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. India: EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Japan: EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. South Korea: EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Rest of APAC: EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the APAC EV charging infrastructure market.
● Highlights key business priorities in order to assist companies to realign their business strategies
● The key findings and recommendations highlight crucial progressive industry trends in the APAC EV charging infrastructure market, thereby allowing players across the value chain to develop effective long-term strategies
● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
● Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the EV charging infrastructure market, as well as those hindering it
● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
The List of Companies – Asia Pacific EV Charging Infrastructure Market
● ABB Ltd.
● Blink Charging Co.
● BOSCH Auto Parts
● Delta Electronics, Inc.
● Driivz Ltd.
● Eaton
● EVBox
● Leviton Manufacturing Co., Inc.
● Siemens AG
● Tesla, Inc.
● Tritium
● Wallbox Chargers, S.L.
● Webasto Group
At 15.2% CAGR, the APAC EV Charging Infrastructure Market is speculated to be worth US$ 10,773.75 million by 2028, says The Insight Partners
According to The Insight Partners’ research, the APAC EV charging infrastructure market was valued at US$ 3,993.09 million in 2021 and is expected to reach US$ 10,773.75 million by 2028, registering an annual growth rate of 15.2% from 2021 to 2028. Demand for EV charging in commercial buildings and smart charging and connected infrastructure are the critical factors attributed to the market expansion.
Presently, EV charging stations are more common in private residences. However, the rising consumer demand has led to an active adoption of on-site commercial charging as a standard building feature. Several countries across the region are expected to implement charging in residential and commercial buildings to scale up the EV charging infrastructure soon, which requires upgrading buildings’ electrical infrastructure to satisfy the rising demand for EV charging. Additionally, EV charging at scale is subject to the careful planning of a building’s electrical distribution system, along with the local electric-grid infrastructure. To enhance the accessibility and affordability of electric chargers, many building developers, urban planners, and electrical-equipment suppliers are actively integrating the EV charging infrastructure into standard building design plans. Furthermore, public charging stations in workplaces and dedicated EV charging hubs create a massive opportunity to expand the EV charging infrastructure market, owing to the rising adoption by less affluent buyers, including those residing in multiunit housing (having limited access to in-home charging). Therefore, the increase in the number and type of location of charging infrastructure, beyond single-family homes, to include its installation in apartment complexes, offices, fleet depots, parking lots, and commercial centers, is creating ample growth opportunities for the scaling-up of the EV charging infrastructure market across the region.
On the contrary, high cost of arthroscopy devices hurdles the growth of APAC EV charging infrastructure market.
Based on operator type, the APAC EV charging infrastructure market is bifurcated into charge point operator and e-mobility service providers. The charge point operator segment held 95.0% market share in 2021, amassing US$ 593.54 million. It is projected to garner US$ 5,227.72 million by 2028 to expand at 36.5% CAGR during 2021–2028. Based on platform, the APAC EV charging infrastructure market is bifurcated into hardware and services. The hardware segment held 65.4% market share in 2021, amassing US$ 2,610.22 million. It is projected to garner US$ 6,534.75 million by 2028 to expand at 14.0% CAGR during 2021–2028. Based on hardware, the APAC EV charging infrastructure market is bifurcated into AC charger and DC charger. The AC charger segment held 73.6% market share in 2021, amassing US$ 1,886.05 million. It is projected to garner US$ 5,457.18 million by 2028 to expand at 16.4% CAGR during 2021–2028. The AC charger segment is further divided into level 1 charger (120 v) and level 2 charger (240 v). Based on charger type, the APAC EV charging infrastructure market is bifurcated into public chargers and private chargers. The private chargers segment held 57.0% market share in 2021, amassing US$ 2,275.44 million. It is projected to garner US$ 5,733.63 million by 2028 to expand at 14.1% CAGR during 2021–2028. Based on IEC mode, the APAC EV charging infrastructure market is segmented into 2, 3, and 4. The 3 segment held 55.8% market share in 2021, amassing US$ 2,226.96 million. It is projected to garner US$ 5,804.29 million by 2028 to expand at 14.7% CAGR during 2021–2028. Based on country, the APAC EV charging infrastructure market has been categorized into China, India, Japan, South Korea, Australia, and rest of APAC. Our regional analysis states that China captured 39.8% market share in 2021. It was assessed at US$ 1,590.48 million in 2021 and is likely to hit US$ 4,477.57 million by 2028, exhibiting a CAGR of 15.9% during the forecast period. Key players dominating the APAC EV charging infrastructure market are ABB Ltd.; Blink Charging Co.; BOSCH Auto Parts; Delta Electronics, Inc.; Driivz Ltd.; Eaton; EVBox; Leviton Manufacturing Co., Inc.; Siemens AG; Tesla, Inc.; Tritium; Wallbox Chargers, S.L.; and Webasto Group among others.
In 2022, Wallbox has announced its partnership with Mecob Malaysia, subsidiary of Sime Darby for distribution of Wallbox’s products and AC charging solutions in Malaysia. In 2020, Tritium launched the first platform, named MSC hardware platform, to offer truly scalable electric vehicle charging networks.
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