Peer-to-Peer Electric Vehicle Charging Market Size, Growth, Trends, Report 2022 to 2030
The global peer-to-peer electric vehicle charging market size was valued at USD 105,719.5 thousand in 2021, and is predicted to be worth around USD 641,982.3 thousand by 2030, registering a CAGR of 21.1% during the forecast period 2022 to 2030.
Growth Factors
The rising demand for electric vehicles worldwide has encouraged an increase in the number of peer-to-peer electric vehicle charging stations installed across the globe to address the range anxiety issues associated with electric vehicles. Moreover, rising awareness among users to use green transportation modes is also expected to propel the adoption of electric vehicles, which is likely to contribute to the market growth over the forecast period.
Factors such as the growing demand for electric vehicles worldwide and government policies and subsidies for purchasing electric vehicles and establishing charging infrastructure have led to an increase in the demand for peer-to-peer electric vehicle charging stations. According to a study by the European Association of Automobile Manufacturers (ACEA), the Netherlands, Germany, and France collectively account for nearly 70% of the region’s EV charging stations in 2020. Moreover, in 2020, electric vehicle sales in Europe grew by 89%, which is further expected to contribute to the growth of the market.
The COVID-19 pandemic is expected to trigger the sales of automobiles, including electric cars, as consumers would prefer traveling in personal vehicles to avoid exposure to the virus in public transport. Initiatives such as protection against job losses, deferred payments, and benefits offered by finance companies, such as 0% financing, are also expected to encourage the adoption of electric vehicles and subsequently trigger the demand for EV charging stations. Thus, the COVID-19 outbreak is positively impacting the market growth.
Report Coverage
| Report Scope | Details |
| Market Size | US$ 641,982.3 thousand by 2030 |
| Growth Rate | CAGR of 21.1% From 2022 to 2030 |
| Largest Market | North America |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Segments Covered | Charger Type, Application |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Chargepoint Inc.; ClipperCreek, Inc.; Enel X; EVBox; EV Meter; Greenlots; has·to·be gmbh; innogy; Power Hero; Webasto Group |
By Charger Type Analysis
The level 2 segment dominated the market in 2021 and accounted for more than 72.0% share of the global revenue. The segment growth can be attributed to the increase in the adoption of level 2 chargers among corporates such as The Coca-Cola Company and GENERAL MOTORS. electric vehicle charging stations for both public and tenant use in Santa Clara. SVCE provided funding to cover the infrastructure cost for each multi-unit dwelling that participated in the pilot program.
The level 1 segment is anticipated to register significant growth over the forecast period. The segment growth can be attributed to a rise in the number of government initiatives such as the Workplace Charging Challenge. The Workplace Charging Challenge focuses on adding level 1 chargers at private company workplaces under their P2P network.
By Application Analysis
The residential segment led the market and accounted for more than 61.0% share of the global revenue in 2021. The segment growth can be attributed to the increase in emphasis of Original Equipment Manufacturers (OEMs) on the expansion of residential chargers specific to peer-to-peer networks.
The residential segment led the market and accounted for more than 61.0% share of the global revenue in 2021. The segment growth can be attributed to the increase in emphasis of Original Equipment Manufacturers (OEMs) on the expansion of residential chargers specific to peer-to-peer networks.
By Regional Analysis
The North American region dominated the peer-to-peer electric vehicle charging market in 2021 and accounted for over 35.0% share of the global revenue. The market growth can be attributed to the increasing number of companies operating in the peer-to-peer electric vehicle charging space across the region.
Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period. Countries are making efforts to boost the sales of electric vehicles, creating opportunities for market growth. The government bodies of China provide incentives to boost the electric vehicle sales of the country.
Key Players
Chargepoint Inc.
ClipperCreek, Inc.
Enel X
EVBox
EV Meter
Greenlots
has·to·be gmbh
innogy
Power Hero
Webasto Group
Market Segmentation
By Charger Type
Level 1
Level 2
By Application
Residential
Private Homes
Apartments
Commercial
Destination Charging Station
Fleet Charging Station
Workplace Charging Station
Others
Regional
North America
U.S.
Canada
Europe
Netherlands
France
Norway
Germany
U.K.
Asia Pacific
China
South Korea
Japan
Rest of the World
The peer-to-peer electric vehicle charging market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of peer-to-peer electric vehicle charging market for the base year 2022 and the forecast between 2022 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global peer-to-peer electric vehicle charging market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the peer-to-peer electric vehicle charging market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted peer-to-peer electric vehicle charging market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the peer-to-peer electric vehicle charging capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of peer-to-peer electric vehicle charging by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global peer-to-peer electric vehicle charging market. These figures have been provided in terms of both revenue and volume for the period 2019 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major peer-to-peer electric vehicle charging market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of peer-to-peer electric vehicle charging market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the peer-to-peer electric vehicle charging industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
peer-to-peer electric vehicle charging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to peer-to-peer electric vehicle charging market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of peer-to-peer electric vehicle charging market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new peer-to-peer electric vehicle charging market. These factors have benefited the growth of the global market for peer-to-peer electric vehicle charging. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for peer-to-peer electric vehicle charging. The global market is segmented on the basis of region, application, end-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of peer-to-peer electric vehicle charging are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Research Methodology:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers