Germany EV Charging Equipment Market Introduction and Overview
According to SPER Market Research, the Germany EV Charging Equipment Market is estimated to reach USD 11.04 billion by 2033 with a CAGR of 26.2%.
The report includes an in-depth analysis of the Germany EV Charging Equipment Market, including market size and trends, product mix, applications, and supplier analysis. A device that charges electric vehicles (EVs), including hybrids and electric cars, is known as an electric vehicle charging station. Utilising software, energy controllers, network operations centres, facility metres, and energy conversion, power grids can operate charging stations. Different charging grades are possible with this charger. Level 2 charging stations can be used with all-electric vehicles, level 3 charging stations are direct current (DC) fast chargers that can swiftly charge cars, and level 1 charging stations use a standard household outlet.
- In April 2021: EnBW, a German electric utility provider, said that it will build the largest public EV fast charging station in Europe at the Kamener Kreus Autobahn Interchange, with 52 fast charging points. Additionally, it was stated that the company invested roughly EUR 100 million annually to create 300–400 smaller charging stations throughout the region.
- In July 2021: Volkswagen declared its intention to invest USD 86.3 billion for the advancement of electric vehicle production between 2021 and 2025. Furthermore, the business reported that by the end of 2021, 108,280 electric vehicles had been sold in Germany, with BEVs accounting for the majority of these sales.
Market Opportunities and Challenges
Positive government regulations, rising electric vehicle ownership, and the country's advantageous development of the charging infrastructure are all contributing factors to the country's expanding need for EV charging stations. When it comes to the quantity of charging station locations across Europe, Germany comes in much above the rest. It is also anticipated that the industry will expand as a result of supportive government measures pertaining to EV charging infrastructure. The market for EVCEs is primarily driven by the impressive increase in the use of electric vehicles. Governments everywhere have pushed businesses and consumers to switch from internal combustion engine vehicles to electric alternatives due to environmental concerns and technological improvements. Governments are aggressively encouraging the use of electric vehicles (EVs) by offering a range of incentives, such as grants, tax credits, rebates, and subsidies. Furthermore, government agencies frequently provide funding for the development of EV charging infrastructure, which stimulates the demand for electric vehicle charging equipment.
However, the elevated expenses associated with Electric Vehicle (EV) Charging Equipment may impede market growth. Limited availability of charging stations in certain areas poses challenges for EV owners seeking convenient charging options. The initial high costs of home charging setups could hinder widespread adoption, particularly for budget-conscious consumers. Businesses and public charging networks face financial strain when acquiring and deploying multiple stations. Government and private reluctance to invest heavily in charging infrastructure due to substantial capital requirements may impede network expansion. Charging infrastructure providers might struggle to achieve profitability, given high initial and operational expenses, potentially hindering overall network development.
Market Competitive Landscape
The market for EV charging equipment in Germany is distinguished by the abundance of businesses providing a variety of goods and services associated with charging electric vehicles. The major players in the Germany EV Charging Equipment Market include: Allego GmbH, Bals Elektrotechnik GmbH & Co., ChargePoint, Stadtwerke Lunen Charging, Tesla, Volta, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Vehicle Type, By Charger Type, By Charging Level, By Application
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| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
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| Companies Covered | Allego GmbH, Bals Elektrotechnik GmbH & Co., ChargePoint, Stadtwerke Lunen Charging, Tesla, Volta, Others
|
COVID-19 Impact on Germany EV Charging Equipment Market
The COVID-19 pandemic has had an effect on the German market for electric vehicle charging stations as well as the automobile industry as a whole. Customers were compelled by the pandemic to put off buying electric cars because of travel restrictions and stringent lockdown procedures implemented in some regions of the region. Since most of the raw materials used in EV charging stations are imported from China, the sector is experiencing a scarcity due to supply chain interruptions. Nonetheless, the industry had a strong post-lockdown rebound and by the end of 2020, EV adoption was on the rise, which helped fuel market expansion. The COVID-19 pandemic and its effects on the automotive industry have a major impact on electric vehicle sales.
Key Target Audience:
- Automakers and Dealerships
- Businesses and Commercial Properties
- Charging Network Operators
- EV Owners and Drivers
- Fleet Operators
- Government and Municipalities
- Investors and Financial Institutions
- Property Developers and Managers
- Utilities and Energy Companies
- Others
Our in-depth analysis of the Germany EV Charging Equipment Market includes the following segments:
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By Vehicle Type: |
Battery Electric Vehicle (BEV)
Plug-in Hybrid Electric Vehicle (PHEV)
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|
By Charger Type: |
Fast
Moderate
Slow
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By Charging Level: |
Level 1 (AC Charging)
Level 2 (AC Charging)
Level 3 (DCFC)
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By Application: |
Private
Public
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Key Topics Covered in the Report:
- Germany EV Charging Equipment Market Size (FY’2023-FY’2033)
- Overview of Germany EV Charging Equipment Market
- Segmentation of Germany EV Charging Equipment Market By Vehicle Type (Battery Electric Vehicle, Plug-in Hybrid Electric Vehicle)
- Segmentation of Germany EV Charging Equipment Market By Charger Type (Fast, Moderate, Slow)
- Segmentation of Germany EV Charging Equipment Market By Charging Level (Level 1, Level 2, Level 3)
- Segmentation of Germany EV Charging Equipment Market By Application (Private, Public)
- Statistical Snap of Germany EV Charging Equipment Market
- Expansion Analysis of Germany EV Charging Equipment Market
- Problems and Obstacles in Germany EV Charging Equipment Market
- Competitive Landscape in the Germany EV Charging Equipment Market
- Impact of COVID-19 and Demonetization on Germany EV Charging Equipment Market
- Details on Current Investment in Germany EV Charging Equipment Market
- Competitive Analysis of Germany EV Charging Equipment Market
- Prominent Players in the Germany EV Charging Equipment Market
- SWOT Analysis of Germany EV Charging Equipment Market
- Germany EV Charging Equipment Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Germany EV Charging Equipment Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Germany EV Charging Equipment Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Germany EV Charging Equipment Market
7. Germany EV Charging Equipment Market, By Vehicle Type (USD Million)
7.1. Germany EV Charging Equipment Market Value Share and Forecast, By Vehicle Type, 2023-2033
7.2. Battery Electric Vehicle (BEV)
7.3. Plug-in Hybrid Electric Vehicle (PHEV)
8. Germany EV Charging Equipment Market, By Charger Type (USD Million)
8.1. Germany EV Charging Equipment Market Value Share and Forecast, By Charger Type, 2023-2033
8.2. Fast
8.3. Moderate
8.4. Slow
9. Germany EV Charging Equipment Market, By Charging Level (USD Million)
9.1. Germany EV Charging Equipment Market Value Share and Forecast, By Charging Level, 2023-2033
9.2. Level 1 (AC Charging)
9.3. Level 2 (AC Charging)
9.4. Level 3 (DCFC)
10. Germany EV Charging Equipment Market, By Application (USD Million)
10.1. Germany EV Charging Equipment Market Value Share and Forecast, By Application, 2023-2033
10.2. Private
10.3. Public
11. Germany EV Charging Equipment Market Forecast, 2019-2033 (USD Million)
11.1. Germany EV Charging Equipment Market Size and Market Share
12. Germany EV Charging Equipment Market, By Vehicle Type, 2019-2033 (USD Million)
12.1. Germany EV Charging Equipment Market Size and Market Share By Vehicle Type (2019-2026)
12.2. Germany EV Charging Equipment Market Size and Market Share By Vehicle Type (2027-2033)
13. Germany EV Charging Equipment Market, By Charger Type, 2019-2033 (USD Million)
13.1. Germany EV Charging Equipment Market Size and Market Share By Charger Type (2019-2026)
13.2. Germany EV Charging Equipment Market Size and Market Share By Charger Type (2027-2033)
14. Germany EV Charging Equipment Market, By Charging Level, 2019-2033 (USD Million)
14.1. Germany EV Charging Equipment Market Size and Market Share By Charging Level (2019-2026)
14.2. Germany EV Charging Equipment Market Size and Market Share By Charging Level (2027-2033)
15. Germany EV Charging Equipment Market, By Application, 2019-2033 (USD Million)
15.1. Germany EV Charging Equipment Market Size and Market Share By Application (2019-2026)
15.2. Germany EV Charging Equipment Market Size and Market Share By Application (2027-2033)
16. Germany EV Charging Equipment Market, By Region, 2019-2033 (USD Million)
16.1. Germany EV Charging Equipment Market Size and Market Share By Region (2019-2026)
16.2. Germany EV Charging Equipment Market Size and Market Share By Region (2027-2033)
16.3. Baden-Württemberg
16.4. Bayern
16.5. Hessen
16.6. Niedersachsen
16.7. Nordrhein-Westfalen
16.8. Others
17. Company Profile
17.1. Allego GmbH
17.1.1. Company details
17.1.2. Financial outlook
17.1.3. Product summary
17.1.4. Recent developments
17.2. Bals Elektrotechnik GmbH & Co.
17.2.1. Company details
17.2.2. Financial outlook
17.2.3. Product summary
17.2.4. Recent developments
17.3. ChargePoint
17.3.1. Company details
17.3.2. Financial outlook
17.3.3. Product summary
17.3.4. Recent developments
17.4. Stadtwerke Lunen Charging
17.4.1. Company details
17.4.2. Financial outlook
17.4.3. Product summary
17.4.4. Recent developments
17.5. Tesla
17.5.1. Company details
17.5.2. Financial outlook
17.5.3. Product summary
17.5.4. Recent developments
17.6. Volta
17.6.1. Company details
17.6.2. Financial outlook
17.6.3. Product summary
17.6.4. Recent developments
17.7. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope