Public Charging Service Market Report 2025

The public charging service market size has grown exponentially in recent years. It will grow from $4.5 billion in 2024 to $6.04 billion in 2025 at a compound annual growth rate (CAGR) of 34.2%. The growth in the historic period can be attributed to the increase of public charging infrastructure, the increase in the installation of DC charging stations, the increase in the construction of public charging stations, the growth in the adoption of EV vehicles, and the rising impact of greenhouse gas emissions on environmental health.

The public charging service market size is expected to see exponential growth in the next few years. It will grow to $19.75 billion in 2029 at a compound annual growth rate (CAGR) of 34.5%. The growth in the forecast period can be attributed to increasing consumer awareness of environmental issues, increasing demand to mitigate the effects of global warming, expanding charging networks, increasing integration with renewable energy, and increasing workplace charging solutions. Major trends in the forecast period include technological advancements, innovations in charging technology, technical advancements in electric mobility, advanced charging stations with multiple ports, and a shift towards smart charging.

The forecast of 34.5% growth over the next five years reflects a modest reduction of 0.4% from the previous estimate for this market. This reduction is primarily due to the impact of tariffs between the US and other countries. Increased duties on imported charging station hardware and grid integration components could delay infrastructure expansion for public EV charging services. 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 increasing adoption of electric vehicles (EVs) is expected to drive the growth of the public charging service market. EVs are vehicles that operate using an electric motor powered by energy stored in rechargeable batteries or other energy storage systems. The rise in electric vehicle adoption is driven by factors such as growing environmental concerns, government incentives, technological advancements, lower operating costs, improved charging infrastructure, higher fuel prices, and investments from automakers. Public charging services are vital for electric vehicles, as they provide widespread access to charging stations, ensuring drivers can conveniently recharge their vehicles while on the go. For example, according to the International Energy Agency (IEA), in 2023, electric car sales increased by 3.5 million units compared to 2022, reflecting a 35% year-on-year growth. As a result, the increasing adoption of electric vehicles is propelling the growth of the public charging service market.

Leading companies in the public charging service market are focusing on developing advanced technological solutions, such as digital platform integration, to improve user convenience, streamline payment processes, optimize charging station availability, and provide seamless navigation for electric vehicle owners. Digital platform integration connects various digital systems, services, and technologies into a unified platform, enhancing operations and user experience. For instance, in October 2023, AB Volvo, a Sweden-based manufacturing company, launched a new service in Sweden for the public charging of electric trucks. This service helps haulers find and access public fast-charging stations for heavy-duty electric trucks. The service integrates with Volvo Connect and a mobile app, providing features such as payment and station availability. Future updates will include the ability to book charging times and expand the service to other European and global markets.

In June 2022, Schneider Electric SE, a France-based energy management and automation company, acquired EV Connect Inc. for an undisclosed amount. This acquisition aims to expand Schneider Electric’s market presence and enhance its product offerings. EV Connect Inc. is a US-based company that specializes in electric vehicle (EV) charging management solutions.

Major players in the public charging service market are Shell plc, Hyundai Motor Company, Tesla Inc., Blink Charging Co., Schneider Electric SE, NaaS Technology Inc., Guangzhou Xiaopeng Automotive Technology, Leviton Manufacturing Company Inc., Robert Bosch GmbH, Alfen NV, Enel X Way S.r.l., Kempower Oyj, Mennekes Elektrotechnik GmbH & Co. KG, Wallbox N.V., Pod Point Limited, BP Pulse, IONITY GmbH, Circontrol S.A., SparkCharge Inc., E-mobility, Hopcharge Private Limited.

North America was the largest region in the public charging service market in 2024. The regions covered in public charging service report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the public charging service market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The public charging service market includes revenues earned by charging infrastructure services, payment and billing solutions, and location and navigation assistance. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

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).

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 the resulting trade tensions in spring 2025 are having a considerable impact on the transport services sector by increasing the costs of vehicles, spare parts, and fuel - critical inputs frequently imported from tariff-affected regions. Freight operators, logistics companies, and public transportation providers are experiencing margin pressures as elevated equipment and maintenance expenses coincide with limited flexibility to pass these costs on to customers due to intense market competition. This climate of uncertainty has also led to delays in fleet upgrades and the adoption of greener, more energy-efficient vehicles, hindering progress toward sustainability objectives. In response, transport firms are enhancing route optimization, investing in fuel-efficient technologies, renegotiating supplier agreements, and adopting collaborative logistics strategies to share resources and cushion the financial impact of rising tariffs.

The public charging service market research report is one of a series of new reports that provides public charging service market statistics, including public charging service industry global market size, regional shares, competitors with a public charging service market share, detailed public charging service market segments, market trends and opportunities, and any further data you may need to thrive in the public charging service industry. This public charging service 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.

Public charging service refers to a system or infrastructure that provides charging facilities for electric vehicles (EVs) in public locations. These services allow EV owners to recharge their vehicle batteries when they are away from home or other private charging points. Public charging services are typically available in convenient locations such as parking lots, highways, and public areas.

The primary types in the public charging service market are direct current (DC) charging and alternating current (AC) charging. DC charging refers to a method where direct current electricity is supplied directly to the EV battery, bypassing the vehicle's onboard AC-to-DC converter. Applications of this service include battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs), with end users spanning both residential and commercial sectors.

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.

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