EV Supply Equipment Market Forecast to Quintuple by 2025

May 26, 2016

The global electric vehicle (EV) charging market is in transition owing to the coming influx of plug-in electric vehicles (PEVs) from premium automakers. It is also being influenced by the introduction of PEVs with much longer range at affordable price points, adviseS Navigant Research in a new report. Navigant expects the global market for EV supply equipment (EVSE) to grow from around 425,000 units in 2016 to 2.5 million in 2025.

Automakers are actively involved in infrastructure deployment, which is also changing the dynamics of the market, says Navigant. Meanwhile, governments are looking to promote PEV charging, especially in Europe and China. The latter country in particular seeks to build on the 2015 success of the Chinese PEV market. In the United States, utilities are starting to become bigger players in the charging infrastructure space.

These factors will alter the PEV charging landscape at the same time that the charging market shifts from serving early adopters of PEVs to a broader customer base. Charging companies will need to respond to these changes and recognize new market opportunities. Demand for fast charging will grow. There will also be greater focus on encouraging multi-unit dwellings and workplaces to adopt chargers. Issues such as interoperability continue to hamper the market and will need to be addressed. Utility programs or well-designed government interventions will help overcome some early market barriers. These factors contribute to Navigant’s expectation that the global market for EV supply equipment (EVSE) to grow from around 425,000 units in 2016 to 2.5 million in 2025.

The research report analyzes the global market for PEV charging equipment sales and charging services, covering the major market drivers for the residential and commercial charging segments and analyzing the potential uptake of alternating current (AC), direct current (DC), and wireless EVSE. Global market forecasts for charging equipment sales, segmented by region, charger type, and residential, workplace, public, and private markets, extend through 2025. The report also examines the potential to secure revenue via public charging services and increased electricity demand, as well as the competitive landscape for charging companies.

Find out more: www.navigantresearch.com/research/electric-vehicle-charging-services.

Image courtesy of Serge Bertasius Photography at FreeDigitalPhotos.net.

 

Related Articles


Latest Articles

  • Celebrating 30 Years of Innovation and Collaboration at EFC’s 2025 Conference in Niagara

    Celebrating 30 Years of Innovation and Collaboration at EFC’s 2025 Conference in Niagara

    By Luc Rodier, Chair of the Board of Electro-Federation Canada (EFC) The 2025 EFC Conference in Niagara was a landmark occasion—marking 30 years of innovation, collaboration, and collective progress in the Canadian electrical industry. Set against the symbolic backdrop of the Canadian-U.S. border, this year’s theme, Electrifying Connections, couldn’t have been more fitting. As President and… Read More…

  • Industrial Wiring Devices: A Brief Intro and How to Choose Them

    Industrial Wiring Devices: A Brief Intro and How to Choose Them

    June 9, 2025 Introduction: With the multitude of options on the market, it can be difficult to decide whether you need a pin and sleeve wiring device or a plug and connector in your industrial plant or facility. You might find your head swirling with thoughts about which option is best. Or you may not… Read More…

  • Industry Leaders Head to Quebec to Strengthen Energy and Supply Chain Resilience

    Industry Leaders Head to Quebec to Strengthen Energy and Supply Chain Resilience

    June 9, 2025 By Electro-Federation Canada On June 3 and 4, a high-level delegation from Canada’s electrical and automation sector travelled to Montreal and Quebec City for a series of strategic meetings with Quebec government officials and key stakeholders. Organized by Electro-Federation Canada (EFC), this mission underscores the critical role the industry plays in advancing… Read More…

  • Electrifying Connections: A Celebration of Legacy, A Vision for the Future

    Electrifying Connections: A Celebration of Legacy, A Vision for the Future

    June 9, 2025 By Electro-Federation Canada This year’s Annual Industry Conference, held against the breathtaking backdrop of Niagara Falls, Ontario, was a landmark event with more than 710 Electro-Federation Canada community members. More than just a celebration of our shared history, it was a launchpad for new ideas, future-based dialogue, and deeper connections.   The energy and… Read More…


Changing Scene

  • Eaton and Siemens Energy Partner to Provide Power and Technology to Accelerate New Data Center Capacity

    Eaton and Siemens Energy Partner to Provide Power and Technology to Accelerate New Data Center Capacity

    June 13, 2025 Eaton, and Siemens Energy have announced a fast-track approach to building data centers with integrated onsite power. They will address urgent market needs by offering reliable grid-independent energy supplies and standardized modular systems to facilitate swift data center construction and deployment. The collaboration will enable simultaneous construction of data centers and associated… Read More…

  • Latest Social Media Challenge Puts Students at Risk of Electrical Shock

    Latest Social Media Challenge Puts Students at Risk of Electrical Shock

    June 13, 2025 The Electrical Safety Authority (ESA) is warning Ontarians that a shocking new social media trend is putting students at risk of serious electrical injury including shock, burns or even fires. A pair of dangerous social media trends have been gaining interest from students. One has kids “challenging” each other to stick a… Read More…

  • Plan Group Announce New VP of Electrical

    Plan Group Announce New VP of Electrical

    June 13, 2025 Plan Group are proud to announce the promotion of Dave Scott as Vice President of Electrical. Dave has been a key part of Plan Group’s success for the last 16 years, leading with drive, accountability, and a deep understanding of what it takes to get the job done right. He will now… Read More…

  • Electro-Federation Canada Announces New Chair and Board of Directors for 2025-26

    Electro-Federation Canada Announces New Chair and Board of Directors for 2025-26

    June 13, 2025 On Monday, May 26, 2025, Electro-Federation Canada (EFC) held its Annual General Meeting, which included an update on key initiatives, the welcoming of a new Chair, and the election of the 2025-2026 Board of Directors. EFC President & CEO Carol McGlogan shared key highlights from the past year and provided a summary of the… Read More…