Market Overview:

The India electric vehicle charging station market is expected to exhibit a CAGR of 8.90% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

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 2022-2027. 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: