EV Charger Cellular Connectivity Market Size - By Component (Hardware, Software), By Charger Type (Level 1, Level 2, Level 3), By Charging Site (Public, Private), By Connectivity (4G, 5G), By End User, By Application, Regional Outlook & Forecast, 2024 - 2032

EV Charger Cellular Connectivity Market Size

EV Charger Cellular Connectivity Market size was valued at USD 1.6 billion in 2023 and is anticipated to register a CAGR of over 13% between 2024 and 2032. The increasing adoption of electric vehicles globally is one of the primary growth drivers of the market. As more consumers and businesses transition to electric vehicles, the demand for reliable and efficient charging infrastructure grows, requiring robust cellular connectivity solutions to manage and monitor charging stations effectively.
 

For instance, In July 2023, the EU enacted a new regulation mandating the installation of fast-charging stations every 60 kilometres along highways by the conclusion of 2025. This law also stipulates that these charging stations must be interoperable, allowing them to be utilized by any electric vehicle, irrespective of the manufacturer.
 

The integration of smart grid and renewable energy with EV charging infrastructure leverages cellular connectivity to enable bidirectional communication between charging stations and the grid. This facilitates demand response, load balancing, and the optimization of charging schedules based on renewable energy availability. Such integration fosters a more sustainable and efficient charging ecosystem, contributing to the wide adoption of EVs and the transition toward cleaner energy sources.
 

Uneven network coverage and reliability pose challenges for EV charger cellular connectivity. In remote or congested areas, inadequate coverage can disrupt charging services. Dead zones and network instability can lead to communication failures between charging stations & backend systems, impacting the user experience. Overcoming these challenges requires infrastructure investment and collaboration with telecommunication providers to improve coverage, ensuring reliable connectivity for EV charging networks.
 

EV Charger Cellular Connectivity Market Trends

Subscription-based models are gaining traction in the EV charger cellular connectivity industry, offering charging operators predictable costs and flexible data plans. Instead of upfront hardware costs, operators pay recurring fees for cellular connectivity services, simplifying budgeting and management. These models provide scalability, allowing operators to adjust subscription levels as charging network demands fluctuate. Additionally, subscription-based offerings often include value-added services, such as remote monitoring, data analytics, and customer support, enhancing the overall value proposition for EV charger operators.
 

The expansion of 5G connectivity has revolutionized EV charger cellular connectivity with higher data speeds, lower latency, and increased capacity. 5G networks enable real-time monitoring, vehicle-to-grid communication, and enhanced user experiences for EV charging. For instance, in December 2023, the AmpUp charging solution was integrated into Legrand's networked charger, empowering facility owners and fleet managers to remotely monitor charging stations. This feature provides a live snapshot of usage patterns, station health, and overall performance.
 

With this critical information, decision-makers can fine-tune charging infrastructure based on concrete data, ensuring optimal resource allocation and preparation for future requirements. This advancement facilitates faster data transfer & reliable connections and supports emerging applications, driving innovation & efficiency in the market.
 

EV Charger Cellular Connectivity Market Analysis

Based on component, the hardware segment held over 82% of the market share in 2023. In the market, the trend toward compact and modular designs is revolutionizing hardware components with controllers and control units dominating. These components offer flexibility and scalability, enabling seamless deployment of charging stations in diverse locations.
 

Compact designs reduce installation complexity and footprint, while modular components allow for customization, upgrades & maintenance with minimal disruption. This approach optimizes space utilization, enhances flexibility, and addresses the evolving needs of EV charging infrastructure in urban & remote areas. For instance, in November 2023, LG Electronics entered the U.S. EV charging market, offering AC and DC chargers with cellular connectivity options. This move by a major electronics player highlights the market's potential.
 

Based on end user, the driver/fleet operators segment accounted for 42% of the EV charger cellular connectivity market share in 2023. Drivers and fleet operators significantly influence the market as they seek seamless charging experiences and efficient fleet management. With cellular-connected charging infrastructure, operators can remotely monitor, schedule, and optimize charging sessions, minimizing downtime & maximizing fleet utilization. Real-time data access enables informed decision-making, route planning, and energy cost optimization.
 

For instance, in November 2023, Circutor and Telefónica collaborated on developing & integrating secure communication protocols for cellular-connected chargers, emphasizing data privacy and cybersecurity. This demand fuels innovation, moving the market toward user-centric solutions tailored to the needs of drivers and fleet managers for enhanced efficiency & convenience.
 

Europe EV charger cellular connectivity market recorded around 37% of the revenue share in 2023, driven by the increasing adoption of EVs and the need for efficient charging infrastructure. Key market trends include the integration of advanced cellular technologies for remote monitoring & management, the rise of smart charging solutions enabling grid optimization, and the emergence of connected services enhancing user experience.
 

For instance, in October 2023, Siemens and T-Systems collaborated on a secure cloud-based platform for managing and operating cellular-connected EV chargers. Additionally, regulatory initiatives promoting sustainable transportation and investments in infrastructure expansion further propel market growth, indicating a promising trajectory for the future.
 

EV Charger Cellular Connectivity Market Share

Legrand and Siemens hold around 14% of the total market share, as these companies competes in the EV charger cellular connectivity industry with its comprehensive range of charging solutions. Leveraging its extensive expertise in technology and infrastructure, Siemens offers robust charging stations equipped with cellular connectivity for remote monitoring and management. The company offers reliability, scalability, and integration capabilities, positioning Siemens as a prominent player in the evolving EV charging ecosystem.
 

Legard dominates the EV charger cellular connectivity industry by offering reliable, scalable solutions with advanced features like remote monitoring, firmware updates, and data analytics. Its robust infrastructure and customer-centric approach position it as a leader in the industry.
 

EV Charger Cellular Connectivity Market Companies

Major companies operating in the EV charger cellular connectivity industry are:

• ChargeFox
• Easee
• Eaton
• EVESCO LLC (Powersonic)
• Garo
• Greenlots (Shell Group)
• Legrand
• Pod Point
• Servotech Power Systems
• Siemens
   

EV Charger Cellular Connectivity Industry News

• In September 2023, FLO focused on the future of EV charging with innovative technologies such as wireless charging and Plug & Charge. Collaborating with WiTricity, FLO is conducting tests on wireless EV charging technology at its cutting-edge engineering lab. Committed to delivering top-notch charging solutions, FLO aims to explore various options for FLO stations to charge vehicles wirelessly, utilizing the WiTricity Halo EV charging system.
   
• In July 2023, seven firms collaborated to launch North America's first high-capacity charging network. The Joint Venture (JV), comprising BMW Group, General Motors, Honda, Hyundai, Kia, Mercedes-Benz Group, and Stellantis NV, significantly increased high-power charging availability in North America. To ensure that customers can always access charging facilities, the JV plans to build at least 30,000 strong charging stations in urban and highway locations.
   

The EV charger cellular connectivity market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Million) from 2018 to 2032, for the following segments:

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Market, By Component

• Hardware
• Software

Market, By Charger Type

• Level 1
• Level 2
• Level 3

Market, By Charging Site

• Public
• Private

Market, By End User

• Individual consumers
• Driver/Fleet operators
• Charging network operators

Market, By Connectivity

• 4G
• 5G

Market, By Application

• Operation management
• Energy management
• Billing & payment
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Sweden
  • Netherlands
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • ANZ
  • Southeast Asia
  • Rest of Asia Pacific 
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Columbia
  • Chile
  • Rest of Latin America
• MEA
  • UAE
  • Saudi Arabia
  • South Africa
  • Israel
  • Rest of MEA