Market Overview:
The Global Stationary Electric Vehicle Charging Gun Market size is expected to grow from USD 318.58 million in 2022 to USD 3214.17 million by 2030, at a CAGR of 33.5 % during the forecast period (2023-2030).
The primary purpose of stationary charging guns for electric cars is to charge the vehicles at fixed charging stations. These guns serve as the connection between the electric vehicle's rechargeable battery and the charging apparatus. To ensure consistency in the connection between the charging gun and the vehicle, manufacturers must adhere to the standards set by both charging stations and electric vehicle manufacturers. The charging gun consists of 7 joints for AC charging piles and 9 joints for DC charging piles, with each joint representing a distinct power source or control signal. The growth of the global EV charger market is expected to be driven by the reduction of carbon footprint and the shift towards clean and sustainable energy.
Top Key Players for Stationary Electric Vehicle Charging Gun Market:
- ABB Ltd. (Switzerland)
- Robert Bosch GmbH (Germany)
- Siemens AG (Germany)
- Delphi Automotive (USA)
- Chroma ATE (Taiwan)
- Aerovironment Inc. (USA)
- Silicon Laboratories (USA)
- Chargemaster PLC (UK)
- SINBON (Taiwan)
- Phoenix Contact (Germany)
- Suzhou Recodeal (China)
- Fisher Electronic Technology (China)
- Shenglan Technology (China)
- BULL (France)
- Kaiye Xinneng Yuan (China)
- kedesen (China)
- Shenzhen Lilutong Electronic (China)
- Weihai Honglin Electronic (China)
- JAE (Japan)
- Teison (China)
- AG Electrical (China)
- Teison Energy (China)
- Shenzhen Woer Heat (China)
- Jointlean Electrical Technology (China), and Other Major Players
Market Dynamics and Factors:
The expanding market for electric vehicles directly drives the demand for charging infrastructure. As more individuals and businesses switch to electric vehicles, there is a need for a reliable and widespread charging network, including stationary charging guns. Governments worldwide are implementing initiatives and policies to encourage the adoption of electric vehicles as a means to reduce carbon emissions and promote sustainable transportation. These measures often involve the development of charging infrastructure, which includes stationary charging guns. Increasing environmental consciousness among consumers is driving the demand for electric vehicles and subsequently the need for charging infrastructure.
Lower-cost charging guns make electric vehicle ownership more accessible to a wider range of consumers. Affordability is a crucial factor for many potential EV owners, and reducing the cost of charging equipment can help lower the barriers to entry. Many electric vehicle owners prefer to have a charging solution at their homes for convenience and reliability. Low-cost stationary charging guns designed specifically for domestic use can cater to this demand and encourage more people to switch to electric vehicles. By offering affordable charging solutions, the market for electric vehicles can expand beyond early adopters and environmentally conscious consumers. Lower-priced charging guns can attract a broader customer base, including those who prioritize cost-effectiveness. The availability of low-cost charging guns can stimulate the development of residential charging infrastructure.
Stationary Electric Vehicle Charging Gun Market Report Highlight:
- By Charging Type, On-board Charger hold a larger market share, On-board chargers are integral components of electric vehicles, allowing for convenient and flexible charging options. Their dominance is driven by their integration within the vehicle and compatibility with various power sources.
- By Vehicle Type, the Battery Electric Vehicle (BEV) Segment is expected to register the highest growth during the projected period. BEVs, which solely rely on electric power, drive the demand for charging infrastructure and charging guns. This dominance is driven by the growing adoption of BEVs and the need for efficient charging solutions.
- By End User, the Residential segment is estimated to develop the fastest; Residential users constitute a significant portion of electric vehicle owners, driving the demand for charging solutions at home.
- The Asia Pacific region is expected to have the highest share of the Stationary Electric Vehicle Charging Gun market over the projected period. This dominance can be attributed to the region's high electric vehicle adoption and supportive government policies and growing demand for charging infrastructure in countries like China and Japan
Key Industry Development:
- In September 2023, GreenCharge Networks unveiled a groundbreaking solar-powered charging station in September 2023. This innovative facility not only advances the adoption of clean energy but also promotes self-sufficiency by harnessing solar power for EV charging.
- In July 2023, EVgo declared its intentions to expand the deployment of North American Charging Standard (NACS) EV charging connectors for fast chargers in July 2023. This initiative underscores EVgo's commitment to standardization and compatibility, aiming to provide a seamless charging experience for electric vehicle owners.
Stationary Electric Vehicle Charging Gun Market Segmentation:
By Charging Type
- On-board Charger
- Off-board Charger
By Vehicle Type
- Plug-in Hybrid Vehicle (PHEV)
- Battery Electric Vehicle (BEV)
- Hybrid Electric Vehicle (HEV)
By End Users
- Residential
- Commercial
For this report, Introspective Market Research has segmented the Stationary Electric Vehicle Charging Gun Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)
- North America
- The U.S.
- Canada
- Mexico
- Eastern Europe
- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest of Eastern Europe
- Western Europe
- Germany
- UK
- France
- Netherlands
- Italy
- Spain
- Rest of Western Europe
• Asia Pacific
- China
- India
- Japan
- Singapore
- Australia
- New-Zealand
- Rest of APAC
• Middle East & Africa
- Turkey
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
• South America
- Brazil
- Argentina
- Rest of SA
