Lucintel's latest market report analyzed that electric vehicle charging infrastructure provides attractive opportunities in the commercial and residential markets. The electric vehicle charging infrastructure market is expected to reach $XX billion by 2028 with a CAGR of 30% to 32%. In this market, fast charger is the largest segment by charger type, whereas commercial is largest by application.
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Based on charger type, the electric vehicle charging infrastructure market is segmented into slow charger and fast charger. The fast charger segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to possess the ability to rapidly charge electric vehicles in lesser time as compared to conventional AC chargers.
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The Electric Vehicle Charging Infrastructure Market is marked by the presence of several big and small players. Some of the prominent players offering electric vehicle charging infrastructure include AeroVironment, ABB, BP Chargemaster, ChargePoint, ClipperCreek., Eaton, General Electric Company, Leviton Manufacturing, SemaConnect, and Schneider Electric.
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