EV Charging Management Software Platform Market Size - By Module (Operation Management, Energy Management, Billing & Payment), Charging Type (Level 1, level 2, Level 3), Charging Site (Public, Private), Regional Outlook & Global Forecast, 2023 - 2032

EV Charging Management Software Platform Market Size

EV Charging Management Software Platform Market size was valued at USD 1.1 billion in 2022 and is anticipated to register a CAGR of over 23% between 2023 and 2032. Favourable policies and initiatives focused on promoting the adoption of electric vehicles will foster industry growth. Many governments and regulatory bodies have implemented policies, incentives, and regulations to encourage the adoption of EVs and the development of charging infrastructure. This includes subsidies, tax incentives, emissions reduction targets, and mandates for EV charging stations, all of which create a favourable environment for the EV charging management software platform industry.
 

For instance, launched during the 8th Clean Energy Ministerial (CEM) in June 2017, the EV30@30 initiative aims to expedite the adoption of electric vehicles, striving to achieve a target of at least 30 percent new electric vehicle sales by 2030. Presently, the campaign counts 13 member countries and enjoys the support of 23 companies and organizations. This campaign focuses on bolstering the electric vehicle market, encompassing electric light commercial vans, passenger cars, buses, and trucks, which include battery-electric, plug-in hybrid, and fuel-cell vehicles. It also dedicates efforts to the development of charging infrastructure to ensure an adequate power supply for the growing fleet of electric vehicles.
 

The increasing adoption of electric vehicles worldwide has been a significant growth driver and could strengthen the EV charging management software platform market outlook through 2032. According to the International Energy Agency, the electric car market has experienced remarkable growth, surpassing 10 million in sales in 2022.
 

The proportion of electric cars in overall sales has more than tripled in just three years, climbing from approximately 4% in 2020 to a substantial 14% in 2022. Forecasts suggest that the momentum in electric vehicle (EV) sales is likely to persist throughout 2023, with the first quarter already witnessing the sale of over 2.3 million EVs, marking a 25% increase compared to the same period last year. These numbers could soar to 14 million by the end of 2023, demonstrating a 35% YoY growth.
 

As more consumers and businesses transition to EVs, the demand for efficient and scalable charging infrastructure and management solutions has risen, leading to the growth of this market. However, the expansion of EV charging infrastructure, particularly in less densely populated areas, can be slow and costly. EV charging management software platforms rely on a robust and widespread charging infrastructure to be effective. The slow development of charging stations in some regions can limit the market's growth since the software's utility is closely tied to the availability of charging points.
 

COVID-19 Impact

The COVID-19 pandemic had a mixed impact on the EV charging management software platform market. While it initially slowed down the market due to supply chain disruptions and economic uncertainties, the latter half of the pandemic saw a renewed focus on sustainable transportation and a shift towards contactless, digital solutions. This accelerated the adoption of EVs and, in turn, the demand for charging management software, which is expected to continue growing in the post-pandemic world.
 

EV Charging Management Software Platform Market Trends

Integration with renewable energy sources is likely to stimulate the EV charging management software platform industry landscape over 2023-2032. There is a growing emphasis on integrating EV charging infrastructure with renewable energy sources such as solar and wind. This trend aligns with the broader push for sustainable energy solutions. Companies are developing charging management software platforms that incorporate features allowing users to schedule charging during times of peak renewable energy generation.
 

For instance, in June 2023, SolarEdge, an Israeli power electronics expert, introduced a solar-optimized EV management solution targeting the commercial and industrial (C&I) sector. This innovative platform efficiently oversees and optimizes EV charging for locations with fluctuating energy needs and numerous EVs, such as apartments, workplaces, and public charging stations. It utilizes AI-driven predictive algorithms, real-time data analysis, and factors in solar energy generation, dynamic electricity costs, and tiered charging schedules for enhanced efficiency. The introduction of more cutting-edge solutions like this will help reduce the carbon footprint of EV charging.
 

EV Charging Management Software Platform Market Analysis

Based on module, the operation management segment will accumulate a healthy share of the market by 2032, led by the need for enhanced operational efficiency and user experience. These modules offer features like real-time monitoring, fault detection, remote troubleshooting, and maintenance scheduling, which are crucial for ensuring the seamless operation of charging infrastructure. Furthermore, as the EV market expands, operators require tools to manage a growing number of charging stations efficiently and cost-effectively, making operation management modules a vital component in meeting these demands.
 

Based on charging site, the public segment accounted for 80% of the EV charging management software platform market share in 2022. As the adoption of EVs grows, the demand for accessible and reliable charging infrastructure increases. These platforms offer convenience and flexibility to both EV users and charging station operators, enabling features like remote monitoring, payment processing, and user-friendly interfaces. Moreover, they promote interoperability among different charging networks, making it easier for EV owners to charge their vehicles, ultimately encouraging the transition to cleaner, electric transportation.
 

Europe EV charging management software platform market size dominated around USD 0.42 billion in 2022. Governments and businesses in the region are actively promoting EV adoption through incentives, subsidies, and infrastructure investments. The growing environmental consciousness and a surge in electric vehicle purchases are driving the demand for efficient charging solutions. Moreover, innovative technologies and user-friendly platforms are emerging, enhancing the user experience and encouraging more individuals to switch to EVs, contributing to the market's expansion.
 

EV Charging Management Software Platform Market Share

The EV charging management software platform industry includes players such as:

• ChargePoint, Inc.
• EVBox
• EV Connect
• Shell Recharge Solutions
• ChargeLab Inc.
• Enel X Way S.r.l.
• Siemens
• Driivz Ltd.

In the EV charging management software platform market, ChargePoint, Inc. is one of the major players, which holds nearly about 40% market share. Companies such as EVBox and Enel X Way S.r.l. holds nearly about 3% market share each in 2022. Businesses utilize growth tactics like diversifying their product range, establishing strategic collaborations, focusing on new sectors, and strengthening their worldwide presence to capture market prospects and uphold their competitive edge.
 

EV Charging Management Software Platform Industry News

• In September 2023, Siemens joined forces with electric vehicle (EV) charging platform provider Monta to advance the growth of charging infrastructure in Europe. Siemens will employ Monta's Charge Point Management System to oversee its charging stations and extend its services to customers, offering a comprehensive solution for EV charging in various settings, including workplaces, public areas, and residences. This partnership aims to ensure widespread availability and accessibility for EV charging.
   

The EV charging management software platform market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Billion) from 2018 to 2032, for the following segments:

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Market, By Module

• Operation Management
• Energy Management
• Billing & Payment
• Others

Market, By Charging Type

• Level 1
• Level 2
• Level 3

Market, By Charging Site

• Public
• Private

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

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • France
  • Italy
  • Sweden
  • Switzerland
  • Norway
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • ANZ
  • Southeast Asia 
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • UAE
  • South Africa
  • Saudi Arabia