Cars in general produce a lot of carbon and exhaust emissions that are not only harmful to the environment but also make us vulnerable to greenhouse gases and pollution. In order to improve the air quality and reduce the number of health concerns caused by air pollution, eco-conscious consumers are switching to electric vehicles. The advent of electric vehicles is gradually improving the overall energy generation and usage.
World Top 10 Companies Offering Electric Vehicle Charging Stations
The electric vehicle (EV) has an electric motor and does not require fuel. Thus, there is no question of fossil fuel exploration. Governments, as well as private organizations across the globe, are taking initiatives to promote adoption of electric vehicles.
There has been a rapid surge in the sales of electric vehicles globally due to increasing awareness about benefits of using electric vehicles.
These vehicles offer better energy efficiency, improve health and economic growth, require low maintenance, and are manufactured by many companies worldwide. The charging stations are usually deployed in buildings and public parking areas, shopping malls, or workplaces to supply electrical power for charging these plug-in electric vehicles. Some of these charging stations are equipped with advanced features such as smart metering, network connectivity, or cellular capability.
Different types of charging equipment offer different speeds of charging, AC Level 1 with 2-5 miles per 1 hour of charging, level 2 with 10-20 miles per 1 hour of changing, or DC fast charging with 60-18 miles per 20 minutes of charging. Majority of the companies have mobile apps that help the user find nearest electric vehicle charging station with a facility to pay through Google Wallet, RFID, Apple Pay, or other paying methods. Various leading automotive manufacturers are investing in electric vehicle charging stations for commercial as well as residential use to cater to rising demand for fast-charging infrastructure and many are also working on on-demand mobile electric vehicle charging stations.
Electric Vehicle Charging Stations Market Overview
Electric vehicles market has registered significant revenue growth over the recent past owing to increasing awareness about excess consumption of natural resources, fossil fuels and increasing investments in electric vehicles and electric vehicle charging stations.
The electric vehicle charging stations market is expected to reach USD 49.53 billion in 2027 at a CAGR of 38.5% over the forecast period according to a latest report by Emergen Research.
Technological developments in automotive sector, fluctuating prices of petrol and diesel, and stringent government regulations regarding excess Co2 emission are factors encouraging people to purchase low-emission and fuel-efficient vehicles. Various private and public sectors are investing in the development and deployment of charging infrastructure at necessary locations. In addition to this, several EV manufacturers are partnering and collaborating with charging infrastructure developers for easy availability of charging stations. Various market players are also investing in research and development activities to introduce cost-effective faster charger types for electric vehicles. Here are top 10 companies leading the electric vehicle charging stations market.
World’s Prominent Companies In the Electric Charging Stations Market: Top 10 By Revenue
- Shell
- Siemens
- Tesla
- Schneider Electric
- ABB
- Webasto
- Hyundai Motor Company
- ChargePoint
- EV Box
- Blink Charging
For statistical analysis study on Electric Vehicle Charging Stations market research report, Download Report Summary
Top 10 Leading Companies In the Electric Charging Stations Market by Revenue
- Shell ‒ Revenue [US$180 Billion]
Shell, also known as Royal Dutch Shell Plc, is a U.K.-based multinational oil and gas company. Shell offers on-forecourt EV charging services and has installed around 100 electric vehicle charging points across United Kingdom and is focusing on deploying over 5000 charging points by 2025. The company has a wide range of rapid and high-power charging equipment and mobile application that allows the user to locate nearest Shell charging station and offers information related to price and charge session history.
- Siemens ‒ Revenue [US$94 Billion]
Siemens, located in Munich, Germany, is the largest manufacturer in Europe and specializes in various fields of healthcare, electronics, energy, and transportation. The company has installed various electric vehicle charging solutions right from basic charging to fast charging. Siemens has also launched wallbox charging that can be used in both private as well as semi-private environment.
- Tesla Inc. ‒ Revenue [US$31 Billion]
Tesla, Inc. is a U.S.-based electric vehicle company located in California that offers one of the best electric cars, battery-electric cars, along with other products and services related to solar energy such as solar panels, solar roof tiles, and storage systems. In 2020, the company managed to sell maximum plug-in electric vehicles and battery electric vehicles, capturing about 16% of the market. Tesla is one of the largest electric vehicle companies in the world that offers a wide range of charging stations only for Tesla models. However, in 2021, Tesla is set to open charging network to other electric vehicles as well.
- Schneider Electric ‒ Revenue [US$28 Billion]
Schneider Electric is a multinational company located in Rueil-Malmaison, France that provides products for energy conservation and digital solutions of energy management and automation in residential, commercial, and industrial settings. Schneider Electric offers EVlink Charging stations and solutions for fast charging for semi-public car parks, or street charging along with other products like basic wallboxes and smart wallboxes for charging.
- ABB ‒ Revenue [US$26 Billion]
Located in Zürich, Switzerland, ABB is a leading global technology company offering products and services related to various sectors including power, robotics, automotive, and electrics. With an aim to offer reliable and easily accessible emission-free mobility to everyone, ABB has launched EV charging solutions from basic to high quality, compact AC wallboxes and fast DC charging stations with seamless connectivity.
In July 2021, ABB signed a contract to set and design largest e-bus charging station project in Qatar across multiple locations and supply high power charging infrastructure for bust depots, 12 metro stations, and around 8 bust stations.
- Webasto SE ‒ Revenue [US$2 Billion]
Located in Stockdorf, Bayern, Webasto SE is one of the leading automobile manufacturers that supply various types of sunroofs such as convertible roofs, panorama roofs along with parking heater systems. Webasto SE also offers a broad range of charging stations for powerful, fast, and efficient charging.
- Hyundai Motor Company ‒ Revenue [US$1 Billion]
Hyundai Motor Company is a multinational automobile company located in Seoul, South Korea. The company owns around 33.8% of Kia Corporation. Back in 2015, Hyundai-Kia America Technical Center, Inc. joined hands with Mojo, Mobility, Inc. to develop wireless electric vehicle charging infrastructure. Hyundai offers various electric vehicle charging stations, AC charging, DC charging, wallbox charging among others.
- ChargePoint ‒ Revenue [US$146 Million]
ChargePoint, formerly known as Coulomb Technologies is an American company headquartered in Campbell, California. ChargePoint is one of the largest open electric vehicle charging networks in the world and has deployed around 114,000 electric vehicle charging stations in 14 countries. These charging stations are available with affordable subscription plans and utility grid management technology. ChargePoint also offers a mobile-based app that helps to track available stations in a particular area to charge electric vehicles.
Furthermore, In August 2021, ChargePoint acquired ViriCiti, an Amsterdam-based provider of electric bus and commercial fleets. This acquisition is expected to expand ChargePoint’s operations in Europe as well.
- EVBox ‒ Revenue [US$135 Million]
EVBox, located in Amsterdam, Netherlands, is a leading global provider of electric vehicle supply equipment and charging management software and has deployed around 190,000 charging points by 2020. EVBox offers a wide range of commercial, residential fast-charging stations, easily accessible at affordable prices to make everyday transport hustle-free and emission-free. It also offers software that helps the user to track, manage and optimize EV charging equipment. EVBox has established its position in the market by partnering with various network providers, electrical equipment manufacturers to provide charging stations to enterprises, and residents.
- Blink Charging ‒ Revenue [US$5 Million]
Blink Charging is a U.S.-based public electric vehicle charging station and software company located in Miami Beach, Florida. The company has a wide variety of electric vehicle supply equipment and has deployed around 30,000 charging ports over 13 counties, across the globe. In July 2021, TAPCO Partners became a worldwide distributor of Blink Charging’s mobile and fixed electric vehicle charging stations. TAPCO is expected to increase sales of innovative Blink Charging products such as pole-mounted, wall-mounted, or pedestal-mounted charging equipment through this partnership.
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