Europe AC Electric Vehicle Charging Station Market Size - By Type (Level1, Level 2), By Charging Site (Public, Private), Country Outlook & Growth Forecast, 2024 – 2032

Europe AC Electric Vehicle Charging Station Market Size

Europe AC Electric Vehicle Charging Station Market was valued at USD 1.3 billion in 2023 and is likely to register 32.7% CAGR from 2024 to 2032. The expansion of regional electric vehicle markets coupled with economic factors promoting the adoption of electric vehicles will shape the business outlook. Market players are broadening their geographic presence and customizing their offerings to meet local market needs and preferences.
 

Economic factors including the total cost of ownership of EVs compared to internal combustion engine vehicles, electricity pricing, partnership & agreement, and infrastructure investment, play a significant role in market growth. For instance, in March 2024, Eaton Corporation partnered with ChargeLab on EV load management to provide software that creates a digital twin of existing electrical systems, thereby maximizing available electrical capacity.
 

Europe AC Electric Vehicle Charging Station Market Trends

The rising adoption of data analytics and connectivity, along with increasing regulatory measures promoting electric vehicle adoption to reduce emissions is driving market expansion. Data analytics and connectivity features are being integrated into AC charging stations to provide insights into charging behaviour, energy consumption, and grid management. These capabilities enable operators to optimize charging station deployment, manage peak demand and offer value-added services to customers. Additionally, regulatory developments including building codes, zoning regulations, and EV infrastructure mandates, are influencing the AC EV charging station market. Governments are implementing policies to incentivize the deployment of charging infrastructure and ensure interoperability and accessibility for EV owners.
 

Europe AC Electric Vehicle Charging Station Market Analysis

Based on type, the level 2 AC EV charging stations is expected to surpass USD 17 billion by 2032. Rapid and ongoing urbanization coupled with the increasing number of smart city initiatives in developing regions will further enhance the business landscape. Additionally, the integration of renewable energy sources like solar and wind power with AC charging infrastructure is gaining traction. Smart charging solutions that optimize charging times based on the availability of renewable energy are becoming more prevalent. These solutions allow EV owners to charge their vehicles using clean energy sources, thereby driving business growth.
 

Based on charging site, the public charging segment will grow at a rate of over 33.5% from 2024 to 2032. Strategic partnerships and collaborations between EV manufacturers, charging infrastructure providers, utilities, and other stakeholders are propelling market trends. Additionally, municipalities and local governments are investing in public charging infrastructure to facilitate the transition to electric mobility and reduce carbon emissions.
 

Netherlands AC electric vehicle charging station is anticipated to reach over USD 2 billion by 2032. The Netherlands has one of the highest per capita rates of EV adoption in the world. This trend is fuelled by government incentives such as tax benefits and subsidies for EV buyers as well as stringent environmental regulations aimed at reducing carbon emissions. The increasing number of EVs on the road is driving the demand for accessible and reliable AC charging infrastructure.
 

The integration of renewable energy sources with AC charging infrastructure is gaining momentum in Germany. Solar and wind power are being utilized to provide clean energy for charging stations. Smart charging solutions that optimize charging times based on renewable energy availability are becoming common, allowing EV owners to charge their vehicles sustainably, thereby adding to the market growth.
 

Europe AC Electric Vehicle Charging Station Market Share

ABB, ChargePoint Inc., Blink Charging Co., Schneider Electric, EVBox, among others are the few of the dominating market players in the Europe AC electric vehicle charging station industry. Strategic partnerships between EV manufacturers, charging infrastructure providers, utilities, and other stakeholders are driving market growth. Collaborations help in the development of comprehensive charging networks and the integration of advanced technologies. These partnerships also facilitate the sharing of expertise and resources, accelerating the deployment of AC charging stations.
 

Europe AC Electric Vehicle Charging Station Market Companies

Major key players operating across the Europe AC electric vehicle charging station industry are:

• ABB
• Bosch Automotive Service Solutions LLC.
• Blink Charging Co.
• ChargePoint, Inc.
• Eaton
• Delta Electronics
• EVBox
• Elli
• Enphase Energy
• Leviton Industries
• SIGNET EV
• Schneider Electric
• Siemens
• Volta Industries Inc.
• Vinfast
• Zunder
   

Europe AC Electric Vehicle Charging Station Industry News

• In March 2024, electric utility company EDF and Morrison entered a strategic partnership by committing to a USD 450 million investment over ten years to build electric vehicle charging points in France. This investment will support the development and deployment of both AC and DC fast charging stations which is expected to drive market growth.
   
• In July 2023, the German government announced an investment of over USD 900 million to accelerate the rollout of EV charging infrastructure. This funding includes more than USD 500 million allocated for installing charging stations at private households and over USD 400 million designated to help companies establish charging stations for commercially utilized vehicles, such as taxis, rental cars, delivery vehicles, and vehicles used by tradespeople.
   

This Europe AC electric vehicle charging station market research report includes an in–depth coverage of the industry with estimates & forecast in terms of volume in ‘Units’ and revenue in ‘USD Billion’ from 2021 to 2032, for the following segments:

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Market, By Type

• Level 1
• Level 2

Market, By Charging Site

• Public
• Private

The above information has been provided for the following countries:

• Norway
• Germany
• France
• Netherlands
• UK
• Sweden