How Big Is the EVSE Market | Global Events Industry 2025

Q: How much is the EVSE market expected to grow?

The market is projected to reach USD 32.5 billion by 2031, fuelled by increasing EV infrastructure expansion.

Q: What is driving growth in the EV charging infrastructure market?

Urban electrification, increasing EV adoption, and supportive government policies are major growth drivers.

Q: Who are the key stakeholders investing in EV charging infrastructure?

Governments, EV manufacturers, utilities, and private charging network providers are leading investments.

Q: Which regions are leading in EV charging infrastructure deployment?

Asia-Pacific, Europe, and North America are leading the market, driven by strong policy support and high EV penetration.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

Code: MTA6696

Publication Date: Jul 2025

How Big Is the EVSE Market?

According to 6Wresearch internal database and industry insights, the EVSE (Electric Vehicle Supply Equipment) market was valued at USD 6.2 billion in 2024 and is projected to reach USD 32.5 billion by 2031, registering a CAGR of 26.7%.

This surge is fuelled by the rising number of electric vehicles, infrastructure investments, and favourable policy frameworks promoting zero-emission transportation.

Growth Factors of the EVSE Market

Growing adoption of electric vehicles supported by national greenhouse gas targets.
Growing demand for fast charging networks in residential and commercial locations.
Financial incentives and mandates to install public and private charging stations.
Urban planning that has on smarter and sustainable mobility systems.
Auto OEM's integrating charging infrastructure.
Advances in wireless and ultra-fast charging technologies.

EVSE Market Trends

The EVSE market is evolving into high-power DC fast charging systems and smart charging stations that are part of the grid networks. Business models for charging (CaaS) charging as a service, reservation systems offered by apps and energy management tools supported by AI will all enhance the driver's experience and make the grid network more efficient.

Emerging Developments in the EVSE Market

Technological innovations in the EVSE Market will provide modular, scalable charging equipment with features such as remote diagnostics and predictive maintenance. V2G (Vehicle-to-Grid) integration and renewable powered charging systems will be coming to the market to enhance energy sustainability in EV infrastructure networks.