India Electric Vehicle Charging Station Market Report by Charging Station Type (AC Charging, DC Charging, Inductive Charging), Vehicle Type (Battery Electric Vehicle (BEV), Plug-in Hybrid Electric Vehicle (PHEV), Hybrid Electric Vehicle (HEV)), Installation Type (Portable Charger, Fixed Charger), Charging Level (Level 1, Level 2, Level 3), Connector Type (Combines Charging Station (CCS), CHAdeMO, Normal Charging, Tesla Supercharger, Type-2 (IEC 621196), and Others), Application (Residential, Commercial), and Region 2024-2032
The India electric vehicle charging station market size is expected to exhibit a growth rate (CAGR) of 7.42% during 2024-2032.
Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Growth Rate 2024-2032
7.42%
An electric vehicle charging station is a device that connects an electric vehicle (EV) to a source of electricity to charge neighborhood electric vehicles and hybrid electric cars. These stations comprise a power grid, facility meter, electric vehicle charger, software platform, energy controller, and network operating system. They also provide special connectors that conform to various electric charging connector standards. An electric vehicle charging station assists in reducing maintenance costs and ecological damage, eliminating greenhouse gas (GHG) emissions, and improving public health. It also provides charge of varying levels, which helps in reading the level of harmful emissions from the vehicles.
India Electric Vehicle Charging Station Market Trends:
Significant growth in the automotive industry in India is creating a positive outlook for the market. The widespread adoption of EVs, owing to the rise in carbon emissions and other hazardous pollutants and increasing fuel prices, is favoring the market growth. Additionally, the increasing demand for EV fast-charging infrastructure can be attributed to the rising inclination from conventional to electric transportation, intelligent mobility, and electrification. Apart from this, continuous advancements, such as the integration of EV charging stations systems with the Internet of Things (IoT) to provide real-time information about the availability of vacant spots and schedule convenient slots for fill-ups are proving an impetus to the market growth. Moreover, various government initiatives to encourage the adoption of electric vehicles and associated infrastructure due to rising environmental consciousness among the masses are positively impacting the market growth. Other factors, including the development of wireless induction pads and significant improvements in charging infrastructure in commercial spaces, are supporting the market growth in the country.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the India electric vehicle charging station market report, along with forecasts at the country and regional level from 2024-2032. Our report has categorized the market based on charging station type, vehicle type, installation type, charging level, connector type and application.
Breakup by Charging Station Type:
AC Charging
DC Charging
Inductive Charging
Breakup by Vehicle Type:
Battery Electric Vehicle (BEV)
Plug-in Hybrid Electric Vehicle (PHEV)
Hybrid Electric Vehicle (HEV)
Breakup by Installation Type:
Portable Charger
Fixed Charger
Breakup by Charging Level:
Level 1
Level 2
Level 3
Breakup by Connector Type:
Combines Charging Station (CCS)
CHAdeMO
Normal Charging
Tesla Supercharger
Type-2 (IEC 621196)
Others
Breakup by Application:
Residential
Commercial
Breakup by Region:
North India
West and Central India
South India
East India
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2023
Historical Period
2018-2023
Forecast Period
2024-2032
Units
US$ Billion
Segment Coverage
Charging Station Type, Vehicle Type, Installation Type, Charging Level, Connector Type, Application, Region
Region Covered
North India, West and Central India, South India, East India
Customization Scope
10% Free Customization
Report Price and Purchase Option
Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
We expect the India electric vehicle charging station market to exhibit a CAGR of 7.42% during 2024-2032.
The rising demand for EVs, along with the increasing integration of EV charging stations systems with IoT to provide real-time information regarding the availability of vacant spots and schedule convenient slots for fill-ups, is primarily driving the India electric vehicle charging station market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nation resulting in the temporary halt in the installation activities for electric vehicle charging stations.
Based on the charging station type, the India electric vehicle charging station market has been bifurcated into AC charging, DC charging, and inductive charging. Currently, DC charging exhibits a clear dominance in the market.
Based on the vehicle type, the India electric vehicle charging station market can be segmented into Battery Electric Vehicle (BEV), Plug-in Hybrid Electric Vehicle (PHEV), and Hybrid Electric Vehicle (HEV). Among these, Battery Electric Vehicle (BEV) holds the majority of the total market share.
Based on the installation type, the India electric vehicle charging station market has been divided into portable charger and fixed charger, where fixed charger currently exhibits a clear dominance in the market.
Based on the charging level, the India electric vehicle charging station market can be categorized into level 1, level 2, and level 3. Currently, level 3 accounts for the majority of the total market share.
Based on the connector type, the India electric vehicle charging station market has been segregated into Combines Charging Station (CCS), CHAdeMO, normal charging, tesla supercharger, type-2 (IEC 621196), and others. Among these, Combines Charging Station (CCS) currently holds the largest market share.
Based on the application, the India electric vehicle charging station market can be bifurcated into residential and commercial. Currently, the commercial sector exhibits a clear dominance in the market.
On a regional level, the market has been classified into North India, West and Central India, South India, and East India, where North India currently dominates the India electric vehicle charging station market.
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