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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.
Major companies operating in the EV charger cellular connectivity industry are:
The hardware component segment recorded 82% of the market share in 2023, owing to the rising need for flexibility and scalability for enabling seamless deployment of charging stations in diverse locations.
The market size of EV charger cellular connectivity reached USD 1.6 billion in 2023 and is set to expand at 13% CAGR between 2024 and 2032, due to the increasing adoption of electric vehicles globally.
Europe held over 37% of the market share in 2023, propelled by the increasing adoption of EVs and the need for efficient charging infrastructure.
Some of the leading EV charger cellular connectivity firms are ChargeFox, Easee, Eaton, EVESCO LLC (Powersonic), Garo, and Greenlots (Shell Group).