Plug-and-Charge Module Market Report 2026

The plug-and-charge module market size has grown exponentially in recent years. It will grow from $1.2 billion in 2025 to $1.48 billion in 2026 at a compound annual growth rate (CAGR) of 22.9%. The growth in the historic period can be attributed to growth of public EV charging networks, early adoption of standardized charging protocols, increasing collaboration between OEMs and CPOs, rising consumer demand for frictionless charging, development of secure vehicle communication systems.

The plug-and-charge module market size is expected to see exponential growth in the next few years. It will grow to $3.34 billion in 2030 at a compound annual growth rate (CAGR) of 22.6%. The growth in the forecast period can be attributed to expansion of connected vehicle ecosystems, increasing EV penetration across passenger and commercial fleets, rising investments in interoperable charging platforms, growing emphasis on secure digital identity management, regulatory push for standardized charging protocols. Major trends in the forecast period include increasing adoption of iso 15118-based authentication, rising deployment of seamless charging experiences, growing integration of secure billing and payment systems, expansion of cloud-based plug-and-charge platforms, enhanced focus on cybersecurity compliance.

The increasing adoption of electric vehicles (EVs) is expected to drive the growth of the plug-and-charge module market in the coming years. Electric vehicles are powered by electricity stored in batteries instead of traditional fuels such as gasoline or diesel. The surge in EV adoption is driven by growing environmental awareness, stricter emission regulations, and government incentives promoting clean transportation. Plug-and-charge modules facilitate EV adoption by enabling automatic authentication and payment during charging, simplifying the user experience, and enhancing the interoperability of charging infrastructure. For example, in 2024, according to the International Energy Agency (IEA), a France-based intergovernmental organization, global electric car registrations reached nearly 14 million in 2023, bringing the total to 40 million and reflecting a 35% increase from 2022. Electric vehicles accounted for about 18% of total car sales, with battery electric cars representing 70% of the electric car stock. Therefore, the growing adoption of electric vehicles (EVs) is fueling the expansion of the plug-and-charge module market.

Leading companies in the plug-and-charge module market are increasingly focusing on adopting international standards such as ISO 15118-2 to enhance user convenience, ensure interoperability, and support the widespread adoption of electric mobility. The ISO 15118-2 standard facilitates direct and secure communication between electric vehicles and charging stations, allowing automatic authentication and billing without requiring radio-frequency identification (RFID) cards or mobile applications. For instance, in April 2023, Kempower, a Finland-based electric vehicle charging solutions company, introduced a new plug-and-charge solution that simplifies the charging process by integrating automated billing into its existing Kempower ChargEye charging management software. Fully compliant with the ISO 15118-2 standard, this solution enables seamless communication between EVs and charging stations for automatic authentication and billing. By removing payment complexities, ensuring high IT security, and maintaining compatibility with all Kempower chargers, including existing installations, this innovation enhances user convenience and supports broader electric mobility adoption.

In January 2025, VoltiE Group Inc., a US-based provider of electric vehicle (EV) infrastructure, acquired Enel X Way USA Inc. for an undisclosed amount. This acquisition aims to accelerate the deployment of reliable residential and commercial charging solutions, integrate JuiceBox by Enel X Way’s established technology and brand reputation into VoltiE’s portfolio, and expand operations to meet the rising demand for electric vehicle infrastructure across North America. Enel X Way USA Inc. is a US-based subsidiary of Enel X that specializes in electric vehicle charging solutions.

Major companies operating in the plug-and-charge module market are Robert Bosch GmbH, Tesla Inc., Siemens AG, Schneider Electric SE, Asea Brown Boveri Ltd, Delta Electronics Inc., Phoenix Contact GmbH & Co. KG, Leviton Manufacturing Co. Inc., Alfen N.V., AeroVironment Inc., ChargePoint Inc., EVBox Group N.V., Efacec Power Solutions S.A., Webasto SE, Tritium DCFC Limited, Blink Charging Co., Shell Recharge Solutions B.V., Hubject GmbH, Electrify America LLC.

Europe was the largest region in the plug-and-charge module market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the plug-and-charge module market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the plug-and-charge module market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The plug-and-charge module market consists of revenues earned by entities by providing services such as remote authentication, automated billing, software updates, energy management, and customer support. The market value includes the value of related goods sold by the service provider or included within the service offering. The plug-and-charge module market also includes sales of charging modules, communication controllers, power electronics, secure authentication chips, and connectors. 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.

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