Germany Electric Vehicle (EV) Charging Station Infrastructure Market Highlights 2020-2029
The Germany electric vehicle (EV) charging station infrastructure market is projected to exhibit a significant CAGR during the forecast period, i.e., 2021-2029. The market is anticipated to grow on account of the growing focus of the government of Germany to lower the gap between two EV charging sites along with the increasing sales of electric vehicles in the nation. According to the statistics by the European Environment Agency (EEA), the share of new registrations of electric vehicles in Germany is estimated to almost double in the year 2019 as compared to 2018. On the other hand, the share of EVs in the nation is further estimated to reach around 40% of the total passenger vehicle sales by 2030. To support the growing number of electric vehicles, there is a need to deploy around 5 million public chargers by 2030. Additionally, the market is also anticipated to grow on account of the availability of the numerous favorable initiatives of the government for the promoting the adoption of electric vehicles. For instance, the government of Germany has laid out a dedicated advisory council titled the German National Platform for Electric Mobility (Nationale Plattform Elektromobilitat) which aims to enhance electric mobility in the nation. Additionally, increasing adoption of numerous stimulus plan to develop a robust EV charging infrastructure in the nation is also anticipated to contribute to the market growth. CLICK TO DOWNLOAD SAMPLE REPORT
The market is segmented by charger plug type into type 1 and type 2. Among these segments, the type 2 segment is projected to hold the largest market share by the end of 2021. The growth of the segment can be attributed to the growing availability of type 2 chargers in the nation, as well as for the presence of a large fleet of electric vehicles with type 2 charger connector. Type 2 chargers usually help to charge the batteries faster as compared to type 1 charger and also protect the batteries of the vehicle from overcharging.
The market is also segmented by application into commercial and residential. Amongst these segments, the commercial segment is projected to hold the largest market share by the end of 2029. Alternatively, the residential segment is projected to grow with a significant CAGR during the forecast period, backed by the growing awareness amongst the individuals for EV chargers for use in domestic purposes. Additionally, increasing availability of domestic EV chargers is also anticipated to contribute to the growth of the segment in the coming years.
Market Segmentation
Our in-depth analysis of the Germany electric vehicle (EV) charging station infrastructure market includes the following segments:
By Type of Charging Station
- AC Charging Station
- DC Charging Station
By Charging Mode
- Mode 1
- Mode 2
- Mode 3
By Charger Plug Type
- Type 1
- Type 2
By Type of Charger
- Slow
- Fast
- Ultra-Fast
By Application
- Commercial
- Residential
Growth Drivers
- Growing Focus of the Government of Germany to Develop EV Charging Infrastructure
- Growing Sales of Battery Electric Vehicles (BEVs) and Plug-in Hybrid Electric Vehicles (PHEVs)
Challenges
- High Cost of Deployment of EV Charging Stations
Top Featured Companies Dominating the Market
- ebee smart technologies GmbH
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Developments
- Regional Presence
- SWOT Analysis
- innogy eMobility Solutions GmbH
- MENNEKES Elektrotechnik GmbH & Co. KG
- alpitronic GmbH
- Tritium Group
- E.On Energie Deutschland GmbH
- EnBW Energie Baden-Württemberg AG
- DEKRA SE
- Vestel Germany GmbH
- KEBA AG
