Electric Mobility Chargers Global Market Report 2025

The electric mobility chargers market size has grown exponentially in recent years. It will grow from $14.33 billion in 2024 to $18.13 billion in 2025 at a compound annual growth rate (CAGR) of 26.5%. The growth in the historic period can be attributed to rise in carbon footprint, increasing demand for electric vehicles, prominent rise in greenhouse gas (GHG) emissions from the transportation sector, government policies and incentives, and increase in the adoption of automotive electrification.

The electric mobility chargers market size is expected to see exponential growth in the next few years. It will grow to $47.53 billion in 2029 at a compound annual growth rate (CAGR) of 27.2%. The growth in the forecast period can be attributed to the escalating need for the construction of charging infrastructure, adoption of energy-efficient vehicles, rising global warming, rising demand for environmentally friendly transportation options, and rising urbanization. Major trends in the forecast period include development of electric vehicle supply equipment (EVSE), integrating advanced technologies, advanced charging technologies, product innovations, and advancement of electric mobility networks.

The forecast of 27.2% growth over the next five years reflects a modest reduction of 0.9% from the previous estimate for this market.This reduction is primarily due to the impact of tariffs between the US and other countries. This is likely to directly affect the US through tariffs on power electronics, charging controller units, and thermal management components sourced from China and South Korea, raising deployment costs for EV charging infrastructure.The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.

The growth of the electric mobility chargers market is expected to be driven by the increasing adoption of energy-efficient vehicles. This trend is fueled by factors such as reductions in greenhouse gas emissions, improved energy efficiency, enhanced energy security, grid efficiency, and supportive sustainable policies. Electric mobility chargers are crucial for powering energy-efficient vehicles, enabling sustainable transportation by providing necessary power for electric and hybrid vehicles. For example, in July 2023, the International Energy Agency, a France-based intergovernmental organization, reported that over 2.3 million electric cars were sold in the first quarter of 2023, marking a 25% increase compared to the same period in 2022. Sales are projected to reach 14 million by the end of 2023, representing a 35% year-on-year growth, with significant acceleration expected in the latter half of the year. Thus, the rising adoption of energy-efficient vehicles is boosting the electric mobility chargers market.

Key players in the electric mobility chargers market are focusing on developing advanced technologies, such as liquid-cooled charging systems, to maintain a competitive edge. Liquid-cooled charging systems utilize liquid to manage and dissipate the heat generated during the charging process of electric vehicles. For instance, in November 2023, Lotus Cars Ltd, a UK-based manufacturer of sports and racing cars, introduced Lotus' EV Charging Solutions. This new suite includes an ultra-fast 450 kW DC charger, a power cabinet, and a modular unit incorporating liquid-cooled technologies. The modular power cabinet is designed for high-energy environments such as motorway rest stops, offering up to 480 kW of power and the ability to charge up to four vehicles simultaneously.

In June 2024, Schneider Electric SE, a France-based energy company, acquired EV Connect Inc. for an undisclosed amount. This acquisition represents a strategic move for Schneider Electric to advance its position in the electric vehicle market and address the rising demand for dependable charging solutions. EV Connect Inc., a US-based company, specializes in electric mobility chargers.

Electric mobility chargers are devices that recharge electric vehicles (EVs) by supplying electrical energy from the grid, facilitating the shift towards cleaner and more sustainable transportation. These chargers convert electrical energy from the power grid into a form that can be stored in the vehicle's battery, allowing the vehicle to operate.

The main types of electric mobility chargers include those for electric bikes, electric scooters, electric motorized scooters, and electric motorcycles. Electric bikes, or e-bikes, are bicycles equipped with an electric motor. They utilize different drive systems, such as belt drives, chain drives, and hub drives. Battery options for these vehicles include lead-acid batteries, Li-ion batteries, and others. These chargers are used by various end-users, including commercial, residential, and industrial sectors.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The sharp rise in U.S. tariffs and ensuing trade tensions in spring 2025 are placing significant strain on the transport sector, especially in areas such as fleet maintenance and logistics. Increased duties on imported commercial vehicles, tires, and engine parts have driven up operating costs for trucking and freight firms, forcing them to either raise shipping rates or accept lower profit margins. Airlines and maritime operators are also under pressure, as tariffs on aircraft components and shipbuilding materials have pushed capital expenditures higher. Meanwhile, retaliatory tariffs in key export markets have weakened demand for U.S.-manufactured transportation equipment, further squeezing revenues. To cope, the industry is turning to fuel efficiency measures, alternative supply sources, and greater automation to manage rising costs while maintaining dependable service.

The electric mobility chargers market research report is one of a series of new reports that provides electric mobility chargers market statistics, including electric mobility chargers industry global market size, regional shares, competitors with an electric mobility chargers market share, detailed electric mobility chargers market segments, market trends, and opportunities, and any further data you may need to thrive in the electric mobility chargers industry. This electric mobility chargers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Major companies operating in the electric mobility chargers market are Siemens AG, Schneider Electric SE, ABB Ltd., Fortum Corporation, Bharat Electronics Limited, Leviton Manufacturing Company Inc., Exide Industries, Luminous Power Technologies, Karma Automotive LLC, Wallbox, EVBox BV, Tritium Ltd., Exicom Tele-Systems Ltd., ChargePoint Holdings Inc., Blink Charging Ltd., Volta Inc., Servotech Power Systems Ltd., Electrify America LLC, Tirex Chargers Pvt Ltd., Meras Plugins Pvt Ltd., AARGO Inc., Fermata Energy LLC.

Asia-Pacific was the largest region in the electric mobility chargers market in 2024. The regions covered in the electric mobility chargers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the electric mobility chargers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The electric mobility chargers market consists of sales of CCS (combined charging system), ultra-fast chargers, and wireless chargers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 1-3 business days.