EV Charging Power Cabinet Market By Charging Type (DC Fast Charging, AC Charging); By Application (Residential, Commercial, Public Charging Stations, Highway Charging Stations); By Installation Type (Fixed Charging Cabinets, Portable Charging Cabinets); By Vehicle Type (Passenger Electric Vehicles, Commercial Electric Vehicles, Buses); By End-User (EV Charging Network Operators, Fleet Operators, Public Transportation, Utility Companies, Residential Communities); By Geography, Segment revenue estimation, Forecast, 2024–2032.

The ev charging power cabinet market was worth USD 5.3 billion in 2023 and will be worth USD 22.78 billion by 2030, growing at a CAGR of 20% during the forecast period.

 

The growth of the EV Charging Power Cabinet market is influenced by the rising demand for electric vehicles, the expansion of governmental support for clean energy, and the development of charging facilities. The sales of electric vehicles worldwide have increased significantly, crossing the 10 million unit mark in 2023, and therefore require developing a strong charging infrastructure for consumers. Governments across the globe are buying charging stations to support electric cars, which has increased the demand for powerful charging cabinets where many cars can be charged simultaneously. Innovations are the cabinets designed for ultra-fast charging with charging stations of up to 350 kW to help cut charging time below 20 minutes for compliant vehicles. For instance, leading automotive and energy firms are installing such HPCC solutions along highways and within city corridors to increase the effectiveness and reliability of intercity EV charging. Such improvement in the infrastructure, keeping pace with the rising number of EVs on highways and roads, is leading to a push towards the EV Charging Power Cabinets market.

 

The EV Charging Power Cabinet market has recognized promising prospects resulting from the growth of the electric vehicle (EV) market and increasing investments in charging systems globally. Thus, by 2030, electric vehicles will make up 30% of all vehicle sales, which entails a significant growth in charging stations. This shift presents an opportunity to invent extenders for very high-power charging cabinets that can cover the consumer's desire for quick charging times. Some developments include the innovation of 800V charging technology, CHAdeMO charging of up to 350 kW, and the time it takes for charging has been shortened significantly. There is also an emphasis on modular charging cabinet designs in a bid to expand owing to the constantly increasing number of electric cars. Since, such innovations and government incentives for the construction of charging networks represent vast opportunities for the development of EV Charging Power Cabinet manufacturers.

 

 

EV Charging Power Cabinet Market Segmentation

By Charging Type:

• DC Fast Charging

• AC Charging

 

By Application:

• Residential

• Commercial

• Public Charging Stations

• Highway Charging Stations

 

By Installation Type:

• Fixed Charging Cabinets

• Portable Charging Cabinets

 

By Vehicle Type:

• Passenger Electric Vehicles

• Commercial Electric Vehicles

• Buses

 

By End-User:

• EV Charging Network Operators

• Fleet Operators

• Public Transportation

• Utility Companies

• Residential Communities

 

By Region

North America

• US

• Mexico

• Canada

• Rest of North America

 

Europe

• Switzerland

• Russia

• France

• Germany

• U.K

• Finland

• Turkey

• Netherlands

• Belgium

• Spain

• Italy

• Rest of Europe

 

 

Asia Pacific

• India

• China

• South Korea

• Japan

• Singapore

• Thailand

• Indonesia

• Malaysia

• Philippines

• Australia

• Rest of Asia-Pacific

 

LAMEA

• Brazil

• Argentina

• Uruguay

• Saudi Arabia

• Rest of LAMEA

 

Europe is currently the leading region within the EV Charging Power Cabinet market due to higher government support, compliance with emissions control, and rapidly increasing public charging infrastructure. Currently, Europe is home to over 30% of the world’s electric car sales with Germany, the Netherlands and Norway at the fore front in the adoption of EVs. EU Green Deal and carbon neutrality policies have led to the increased investments into charging networks, making Europe the leader in installation of high-power charging cabinets. Some of the recent developments include the deployment of ultra-fast charging points on the Trans-European Transport Network (TEN-T) that is aimed at enabling cross-continent EV travel. Technology firms like Ionity are joining forces with automobile manufacturing firms to develop high-power charging networks so that motorists can easily find efficient charging stations. This emphasis on constructing a detailed charging network has made Europe the largest market for the EV Charging Power Cabinet market.

 

EV Charging Power Cabinet Market Key Players

• ABB

• Siemens

• Schneider Electric

• Delta Electronics

• Eaton

• Tesla

• Hitachi Energy

• Tritium

• Alfen

• ChargePoint

 

EV Charging Power Cabinet Market Report Coverage

Report Attribute	Details
Forecast Period	2023 – 2030
Market Size Value in 2023	USD 5.3 billion
Revenue Forecast in 2030	USD 22.78 billion
Overall Growth Rate	CAGR of 20%
Base Year for Estimation	2022
Historical Data	2017 – 2021
Unit	USD Billion, CAGR (2023 - 2030)
Segmentation	By Charging Type, By Application, By Installation Type, By Vehicle Type, By End-User, By Region
By Charging Type	DC Fast Charging, AC Charging
By Application	Residential, Commercial, Public Charging Stations, Highway Charging Stations
By Installation Type	Fixed Charging Cabinets, Portable Charging Cabinets
By Vehicle Type	Passenger Electric Vehicles, Commercial Electric Vehicles, Buses
By End-User	EV Charging Network Operators, Fleet Operators, Public Transportation, Utility Companies, Residential Communities
By Region	North America, Europe, Asia Pacific, LAMEA
Country Scope	US, Canada, Germany, UK, China, Japan, India, etc.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs.