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EV Charging as a Service Market Trends

  • Report ID: GMI10817
  • Published Date: Aug 2024
  • Report Format: PDF

EV Charging as a Service Market Trends

A major trend in the EV charging as a service industry is the increasing adoption of smart charging solutions that leverage data analytics and energy management technologies. These solutions optimize charging times, reduce costs, and improve grid stability by integrating advanced features such as load balancing, real-time monitoring, and predictive maintenance. Companies are focusing on providing flexible, scalable, and energy-efficient charging solutions to meet the growing demand for electric vehicles and support grid integration. Enhanced software platforms and IoT capabilities are becoming integral to modern charging solutions, driving innovation and efficiency in the market.
 

Companies such as ChargePoint offer smart charging solutions with their ChargePoint Network, which includes load management and data analytics features. Blink Charging’s Blink Network further integrates energy management and smart charging capabilities. Additionally, InCharge Energy’s Dual ICE-80A charger includes advanced energy management via its InControl™ software, highlighting the trend toward sophisticated, data-driven charging solutions.

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The market size of EV charging as a service was worth over USD 29.3 billion in 2023 and is estimated to register over 18% CAGR between 2024 and 2032, due to strong need for making it more accessible and attractive for businesses and fleet operators.

EV charging as a service market from the level 2 charging infrastructure segment accounted for a 45% share in 2023, due to its balance between charging speed and cost-effectiveness.

Asia Pacific EV charging as a service market recorded 33% share in 2023, due to its rapid urbanization, high electric vehicle (EV) adoption rates, and substantial investments in charging infrastructure.

ABB Ltd., Shell Recharge, BP Pulse, ChargePoint, Inc., Tesla Inc., EVgo Services LLC, and Allego

EV Charging as a Service Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 342
  • Countries covered: 21
  • Pages: 250
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