Asia Pacific EV Charging Station Market is Expected to Grow at a CAGR of 30.8% During 2023-2028

April 19 17:29 2023
Asia Pacific EV Charging Station Market is Expected to Grow at a CAGR of 30.8% During 2023-2028
Asia Pacific EV Charging Station Market Report 2023
The growing number of investments by the leading players for the development of high-capacity public charging infrastructures, particularly for heavy-duty automobiles, are also catalyzing the market across the APAC.

IMARC Group has recently released a new research study titled “Asia Pacific Electric Vehicle Charging Station Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028“, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

What is a CAGR of Asia Pacific EV charging station market?

The EV charging station market in Asia Pacific is expected to exhibit a growth rate (CAGR) of 30.8% during 2023-2028.

EV Charging Station: Types, Uses and Application 

An electric vehicle (EV) charging station reserves electric energy to recharge plug-in, battery, and hybrid electric vehicles. Generally, these charging infrastructures offer three kinds of settings, AC, DC, and inductive. In addition, EV charging stations are equipped with various connectors, such as CHAdeMO, Tesla supercharger, combined charging station (CCS), Type-2, normal, etc. These charging stations are usually utilized in parking garages near offices, homes, supermarkets, industrial complexes, etc. 

What are the major market drivers in the APAC electric vehicle charging station market?

The rising environmental concerns towards the high vehicular pollution levels, the soaring fuel prices, and the increasing cost-effectiveness of EVs and HEVs are among the primary factors driving the Asia Pacific electric vehicle charging station market. Besides this, the launch of several policies by the government bodies to create awareness for reducing carbon footprints and the introduction of various electrification programs in the public transport sector for replacing fuel-based vehicles with their safer and cleaner alternatives are further augmenting the market growth.

Moreover, the increasing number of investments by the leading players for the development of high-capacity public charging infrastructures, particularly for heavy-duty automobiles, are also catalyzing the market across the Asia Pacific. Apart from this, the growing popularity of the combined charging system (CCS) and Tesla supercharger connectors based on their compatibility and ultra-fast charging speeds is acting as another significant growth-inducing factor. Furthermore, the integration of these stations with several advanced technologies, such as telematics devices, remote sensors, wireless connectivity, etc., is expected to bolster the Asia Pacific electric vehicle charging station market in the coming years.

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Major Players Covered:

List of EV Charging Station Companies Covered in this Market Report:

  • BlueSG (Bolloré Group)
  • Delta Electronics, Inc. (TPE: 2308)
  • Eaton (NYSE: ETN)
  • Schneider Electric (EPA: SU)
  • Shell (LON: SHEL)
  • Siemens (ETR: SIE)
  • Tata Power (Tata Sons Private Limited) (NSE: TATAPOWER)
  • Tesla (NASDAQ: TSLA)
  • TGOOD Global Ltd.


APAC Electric Vehicle Charging Station Market Segmentation:

The report has segmented the APAC electric vehicle charging station market on the basis of charging station type, vehicle type, installation type, charging level, connector type, application and country.

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 Country:

  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others


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Key Highlights of the Report:

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape


If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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