The number of connected EV charging points in Europe and North America to reach 18 million by 2026

Today we published the new market report EV Charging Infrastructure in Europe and North America – 3rd Edition which analyses the latest developments on the electric vehicle charging market in these two regions. The report covers all parts of the value chain including charge point operators, car OEM initiatives, and hardware and software vendors.

Berg Insight is of the opinion that the market for EV charging solutions is in a growth phase which will last for several years to come. Mega-challenges such as vehicle emissions and climate change continue to encourage investments in electric vehicles and EV charging infrastructure, contributing to a positive outlook for the market. The COVID-19 crisis and subsequent supply chain shortages and energy crisis in Europe have not caused a noticeable dip in the market.

Berg Insight remains positive that the long-term growth will remain significant. The total number of dedicated charging points in Europe is forecasted to grow at a compound annual growth rate (CAGR) of 34 percent from 4.5 million in 2021 to 19.6 million by the end of 2026. In North America, Berg Insight estimates that the total number of dedicated charging points will increase from 1.4 million in 2021 to reach 6.1 million in 2026, growing at a CAGR of 34 percent. These numbers include both private and public charging points.

Over the years, charging stations have evolved from being traditional non-connected hardware devices to smart devices using connectivity technologies like Wi-Fi and 2G/4G cellular. Charge point operators (CPOs) can remotely monitor and maintain charging stations, while EV drivers can locate chargers, monitor charging availability and manage payments. In 2021, the number of connected charging points in Europe is estimated to have reached 2.6 million units, corresponding to a penetration rate of 57 percent.

In North America, the number of connected charging points is estimated to about 0.7 million, corresponding to a penetration rate of 52 percent. Most of the connected charging points in Europe and North America are either in public or semi-public applications.

A group of established automotive and power electronics solution providers are among the leading EV charging station manufacturers in Europe. Some pure play charging station manufacturers are also developing into influential players. Examples of major hardware providers in the region include ABB, ABL, Alfen, Alpitronic, Circontrol, Compleo Charging Solutions, CTEK, DBT Group, Easee, Efacec, EVBox, Garo, IES Synergy, KEBA, Mennekes, Pod Point, Rolec Services, Schneider Electric, Wallbox and Zaptec.

While some companies specialise in either AC or DC chargers, others offer both. A few players additionally offer software and services as part of end-to-end offerings. Several CPOs develop back-office platforms in-house, whereas some prefer third-party platforms from dedicated software providers. Examples of significant software providers in Europe are Virta, GreenFlux, Last Mile Solutions, Driivz, AMPECO and Fortum.

In North America, there are a number of regional as well as international companies marketing EV chargers. ChargePoint is a leading player on the market and is a full-service provider offering hardware, software and CPO services. Other major regional hardware providers include BTC Power (E.ON), Blink Charging, ClipperCreek, Flo and SemaConnect (recently acquired by Blink Charging). Several of the prominent companies in North America can provide end-to-end offerings including hardware, software and CPO services. The most prominent dedicated software providers in North America are EV Connect (recently acquired by Schneider Electric) and Shell Recharge Solutions.

There are a large number of CPOs in Europe. A few of these players have charging operations as their core business, but many actors come from adjacent markets. Examples of companies that are more or less specialised CPOs include Allego, Fastned, Freshmile, InstaVolt and Ionity. Ionity was founded in 2017 by BMW Group, Ford Motor Company, Daimler and Volkswagen Group. Many of the CPOs in Europe are utility companies.

Examples of utilities acting as CPOs include CEZ Group, EnBW, Enel X, ESB Group, Iberdrola Group, Innogy, Izivia, Mer (Statkraft) and Vattenfall. The French CPO Izivia is a subsidiary of the French utility EDF, while Enel X is a subsidiary of the Italian utility Enel. Enel X is furthermore a notable hardware provider in North America after acquiring eMotorWerks in 2017. Some CPOs in Europe have a background in the petroleum industry. Shell Recharge Solutions and BP Pulse are notable examples of petroleum companies entering EV charging.

French TotalEnergies has a charging operation business as well. Moreover, BP Pulse, Shell Recharge Solutions and TotalEnergies all offer proprietary hardware. This is the case also for the utility Enel X. In North America, Electrify America and EVgo are two major pure play CPOs. Tesla is also a prominent player, operating its Supercharger and Destination Charging Networks in Europe and North America, albeit so far almost exclusively for Tesla drivers. The company has begun testing to allow third party vehicles to charge in certain Supercharger locations.

Highlights from this report:

Insights from 30 executive interviews with market leading companies.

New data on EV charging infrastructure in Europe and North America.

Comprehensive description of the EV charging value chain and key applications.

In-depth analysis of market trends and key developments.

Profiles of 68 companies offering EV charging hardware and software.

Profiles of 32 charge point operators (CPOs).

Market forecasts lasting until 2026.

This report answers the following questions:

What is the current state and size of the EV charging market?

What are the current trends on this market?

Which are the leading providers of hardware and software solutions?

What equipment and service offerings are available from the different vendors?

Which are the leading charge point operators in Europe and North America?

What are the key drivers behind the adoption of EV chargers?

What impact will technology advancements have on the market?

Analyst: Caspar Jansson

Formats: PDF + Excel user licenses

Publication date: January 24, 2023

Download brochure: https://media.berginsight.com/2023/01/24130022/bi-EVcharging3-ps.pdf

Pages: 190