Stationary Electric Vehicle Charging Gun Market Synopsis
Stationary Electric Vehicle Charging Gun Market Size Was Valued at USD 429.9 Million in 2023, and is Projected to Reach USD 6,069.3 Million by 2032, Growing at a CAGR of 34.2% From 2024-2032.
- Stationary charging guns are primarily used for charging electric cars at stationary charging stations. These guns connect the rechargeable battery of the electric vehicle to the charging station. Both charging station and electric car manufacturers must provide guidelines for manufacturers to ensure compatibility between the charging gun and vehicle.
- The seven joints in the charging gun for AC charging heaps and nine for DC charging piles signify various power sources or control signals. The increased demand for clean and sustainable energy and the reduction of carbon emissions are expected to boost the EV charger market globally.
- The world’s transition towards clean energy and the rising popularity of EVs are among the main factors that contribute to the development of the EV charger market. With more nations committing to low-carbon development and the adoption of electric vehicles, the need for EV charging stations is expected to increase.
- The efforts you mentioned for standardizing the charging guns are very important in promoting this growth because they make the products interoperable and acceptable for consumers. Furthermore, technological improvements, including faster charging and more user-friendly features, also make EVs more appealing as a product alternative to conventional gasoline cars.
Stationary Electric Vehicle Charging Gun Market Trend Analysis
Development and adoption of smart charging solutions
- Smart charging systems offer additional functionalities, including the remote monitoring and management of the charging process, the dynamic balancing of electrical loads to avoid overloading the grid, and the ability to detect and troubleshoot potential problems in advance. All these capabilities do not only improve the efficiency and reliability of the charging infrastructure but also offer insights for charging infrastructure operators and electric utilities.
- In addition, smart charging can be used to facilitate grid integration to allow bi-directional energy flow between the grid and electric vehicles to function as mobile energy storage devices. This concept is known as vehicle-to-grid (V2G) technology where the EVs are used to store excess renewable energy in the grid and use it during peak hours or when there is low production of renewable energy in the grid.
The Growth of Fast Charging Stations.
- With the number of electric cars on the road rising, people are looking for more accessible and faster ways to charge their cars. One such opportunity includes the growth of fast charging networks especially along highways and in cities. The companies that produce charging guns with a stationary charging can take advantage of this trend by creating solutions with high power for quick charging of electric vehicles. With the help of fast charging stations, manufacturers can interest both private EV owners and large fleet operators in purchasing their charging gun products.
- Other areas of opportunity for stationary charging gun manufacturers include the increased sustainability and efficiency of the gun. With the increased demand for clean energy across the world, there is a concern with the sustainable means of powering vehicles, including the use of charging stations. This presents an opportunity for manufacturers to incorporate renewable energy technologies like solar or wind energy into their charging stations. The use of renewable energy sources not only allows manufacturers to reduce emissions during EV charging, but also offers opportunities for cost savings in the future.
- Additionally, the integration of energy storage systems, including batteries, can enhance the utilization of renewable energy sources and help ensure the continuous provision of charging services, especially in regions with weak grid infrastructure. The adoption of sustainable and efficient charging technologies offers manufacturers a unique opportunity to not only address the changing demands of EV owners but also accelerate the shift towards sustainable mobility.
Stationary Electric Vehicle Charging Gun Market Segment Analysis:
- Stationary Electric Vehicle Charging Gun Market is Segmented on the basis of Charging Type, Vehicle Type, and End Users
By Charging Type, On-board Charger segment is expected to dominate the market during the forecast period
- Many EVs have an onboard charger that controls the amount of electricity that flows from the charging station to the car’s battery. This segment can be targeted by manufacturers of the stationary charging guns by products that are specially designed to be compatible with different on-board charger types. This includes factors like voltages and currents support as well as communication methods between the charging gun and the car’s charging system. Manufacturers can charge guns appropriately for various configurations of the on-board charger to guarantee compatibility among EVs and broaden their market base.
- In addition, the opportunities for manufacturers in the on-board charger segment include the use of charging speed and efficiency as key product-differentiation factors. Others are fitted with more sophisticated on-board chargers that can accommodate higher power levels thus reducing the charging time. Manufacturers can design charging guns that can be compatible with such high-power on-board chargers which will help in faster charging of electric vehicles and consequently reduce overall charging time of EV owners.
- To continue meeting the demands of the market, manufacturers need to address the current limitations of on-board chargers by providing charging solutions that support future advancements in the technology.
By Vehicle Type, Plug-in Hybrid Vehicle (PHEV), segment held the largest share in 2023
- Among these vehicles are the plug-in hybrid vehicles which are known to be a middle ground for consumers who want to adapt to electric mobility. Charging gun manufacturers are actively responding to the specific charging demands of PHEVs, which often call for charging equipment with both electric and conventional fueling capabilities. Hence, charging solutions specific to the charging needs of PHEVs are being established and designed to work with hybrid powertrains and will not disrupt the existing charging infrastructure.
- Furthermore, the focus on PHEV vehicles for segmentation by vehicle type in the stationary electric vehicle charging gun market shows the dynamic context of car electrification. With growing environmental concerns and increasing support for electric and hybrid cars, there is a strong demand for charging stations that can accommodate various car models. Such gun manufacturers are also realizing the significance of providing PHEV owners with a quick and easy way of charging their vehicles as part of the transition towards cleaner and more sustainable mobility.
- Manufacturers that target this segment of the market will be able to benefit from the increasing demand for charging solutions that specifically address the needs of hybrid electric vehicles and contribute to the continued growth and development of the stationary electric vehicle charging sector.
Stationary Electric Vehicle Charging Gun Market Regional Insights:
North America is Expected to Dominate the Market Over the Forecast period
- The stationary electric vehicle charging gun market in North America is also growing rapidly due to several factors. Governments, businesses, and consumers in the region have become more conscious of the need to address climate change and promote sustainable mobility, focusing on the adoption of electric vehicles (EVs). This has led to a rapid increase in the demand for EV charging stations as well as the stationary charging guns to support the growing number of EVs on the road.
- Additionally, North America has a high density of EV charging stations along highways, cities, and businesses. This infrastructure is constantly developing and growing due to investments from various governmental programs, utilities, and private corporations. Therefore, stationary charging gun manufacturers in North America are taking advantage of this increasing market potential by developing and improving their products to better serve the needs of EV owners.
- With the development of high-speed charging and intelligent charging, the manufacturers meet the diversified needs of consumers and enterprises, which further promote the development of the North American stationary electric vehicle charging gun market.
Active Key Players in the Stationary Electric Vehicle Charging Gun Market
- ABB Ltd.
- Aerovironment Inc.
- AG Electrical
- BULL
- Chargemaster PLC
- Chroma ATE
- Delphi Automotive
- Fisher Electronic Technology
- JAE
- Jointlean Electrical Technology
- Kaiye Xinneng Yuan
- kedesen
- Phoenix Contact
- Robert Bosch GmbH
- Shenglan Technology
- Shenzhen Lilutong Electronic
- Shenzhen Woer Heat
- Siemens AG
- Silicon Laboratories
- SINBON
- Suzhou Recodeal
- Teison
- Teison Energy
- Weihai Honglin Electronic
- Other key players
Key Industry Developments in the Stationary Electric Vehicle Charging Gun Market:
- In September 2023, GreenCharge Networks announced a new solar-powered charging station. This forward-looking structure harnesses solar power to charge electric cars – promoting both renewable and independence.
- In July 2023, EVgo announced that it intended to expand the total number of North American Charging Standard (NACS) EV charging ports at fast chargers in North America. This program showcases EVgo’s commitment to consistency and compatibility in its efforts to provide owners of electric vehicles with seamless charging experiences.
Global Stationary Electric Vehicle Charging Gun Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 429.9 Mn. |
Forecast Period 2024-32 CAGR: |
34.2 % |
Market Size in 2032: |
USD 6,069.3 Mn. |
Segments Covered: |
By Charging Type |
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By Vehicle Type |
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By End Users |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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- INTRODUCTION
- RESEARCH OBJECTIVES
- RESEARCH METHODOLOGY
- RESEARCH PROCESS
- SCOPE AND COVERAGE
- Market Definition
- Key Questions Answered
- MARKET SEGMENTATION
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- GROWTH OPPORTUNITIES BY SEGMENT
- MARKET LANDSCAPE
- PORTER’S FIVE FORCES ANALYSIS
- Bargaining Power Of Supplier
- Threat Of New Entrants
- Threat Of Substitutes
- Competitive Rivalry
- Bargaining Power Among Buyers
- INDUSTRY VALUE CHAIN ANALYSIS
- MARKET DYNAMICS
- Drivers
- Restraints
- Opportunities
- Challenges
- MARKET TREND ANALYSIS
- REGULATORY LANDSCAPE
- PESTLE ANALYSIS
- PRICE TREND ANALYSIS
- PATENT ANALYSIS
- TECHNOLOGY EVALUATION
- MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
- Geopolitical Market Disruptions
- Supply Chain Disruptions
- Instability in Emerging Markets
- ECOSYSTEM
- PORTER’S FIVE FORCES ANALYSIS
- STATIONARY ELECTRIC VEHICLE CHARGING GUN MARKET BY CHARGING TYPE (2017-2032)
- STATIONARY ELECTRIC VEHICLE CHARGING GUN MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- ON-BOARD CHARGER
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017 – 2032F)
- Historic And Forecasted Market Size in Volume (2017 – 2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- OFF-BOARD CHARGER
- STATIONARY ELECTRIC VEHICLE CHARGING GUN MARKET BY VEHICLE TYPE (2017-2032)
- STATIONARY ELECTRIC VEHICLE CHARGING GUN MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- PLUG-IN HYBRID VEHICLE (PHEV)
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017 – 2032F)
- Historic And Forecasted Market Size in Volume (2017 – 2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- BATTERY ELECTRIC VEHICLE (BEV)
- HYBRID ELECTRIC VEHICLE (HEV)
- STATIONARY ELECTRIC VEHICLE CHARGING GUN MARKET BY END USERS (2017-2032)
- STATIONARY ELECTRIC VEHICLE CHARGING GUN MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- RESIDENTIAL
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017 – 2032F)
- Historic And Forecasted Market Size in Volume (2017 – 2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- COMMERCIAL
- COMPANY PROFILES AND COMPETITIVE ANALYSIS
- COMPETITIVE LANDSCAPE
- Competitive Positioning
- STATIONARY ELECTRIC VEHICLE CHARGING GUN Market Share By Manufacturer (2023)
- Industry BCG Matrix
- Heat Map Analysis
- Mergers & Acquisitions
- ABB LTD
- Company Overview
- Key Executives
- Company Snapshot
- Role of the Company in the Market
- Sustainability and Social Responsibility
- Operating Business Segments
- Product Portfolio
- Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
- Key Strategic Moves And Recent Developments
- SWOT Analysis
- AEROVIRONMENT INC.
- AG ELECTRICAL
- BULL
- CHARGEMASTER PLC
- CHROMA ATE
- DELPHI AUTOMOTIVE
- FISHER ELECTRONIC TECHNOLOGY
- JAE
- JOINTLEAN ELECTRICAL TECHNOLOGY
- KAIYE XINNENG YUAN
- KEDESEN
- PHOENIX CONTACT
- ROBERT BOSCH GMBH
- SHENGLAN TECHNOLOGY
- SHENZHEN LILUTONG ELECTRONIC
- SHENZHEN WOER HEAT
- SIEMENS AG
- SILICON LABORATORIES
- SINBON
- SUZHOU RECODEAL
- TEISON
- TEISON ENERGY
- WEIHAI HONGLIN ELECTRONIC
- COMPETITIVE LANDSCAPE
- GLOBAL STATIONARY ELECTRIC VEHICLE CHARGING GUN MARKET BY REGION
- OVERVIEW
- NORTH AMERICA
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Charging Type
- Historic And Forecasted Market Size By Vehicle Type
- Historic And Forecasted Market Size By End Users
- Historic And Forecasted Market Size By Country
- USA
- Canada
- Mexico
- EASTERN EUROPE
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest Of Eastern Europe
- WESTERN EUROPE
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Germany
- United Kingdom
- France
- The Netherlands
- Italy
- Spain
- Rest Of Western Europe
- ASIA PACIFIC
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- China
- India
- Japan
- South Korea
- Malaysia
- Thailand
- Vietnam
- The Philippines
- Australia
- New-Zealand
- Rest Of APAC
- MIDDLE EAST & AFRICA
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Turkey
- Bahrain
- Kuwait
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
- SOUTH AMERICA
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Brazil
- Argentina
- Rest of South America
- INVESTMENT ANALYSIS
- ANALYST VIEWPOINT AND CONCLUSION
- Recommendations and Concluding Analysis
- Potential Market Strategies
Global Stationary Electric Vehicle Charging Gun Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 429.9 Mn. |
Forecast Period 2024-32 CAGR: |
34.2 % |
Market Size in 2032: |
USD 6,069.3 Mn. |
Segments Covered: |
By Charging Type |
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By Vehicle Type |
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By End Users |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Frequently Asked Questions :
The forecast period in the Stationary Electric Vehicle Charging Gun Market research report is 2024-2032.
ABB Ltd., Aerovironment Inc., AG Electrical, BULL, Chargemaster PLC, and Other Major Players.
The Stationary Electric Vehicle Charging Gun Market is segmented into Charging Type, Vehicle Type, End Users and region. by Charging Type the market is categorized into On-board Charger, Off-board Charger, by Vehicle Type the market is categorized into Plug-in Hybrid Vehicle (PHEV), Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), by End Users the market is categorized into Residential, Commercial. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
Charging electric cars at stationary charging stations is the main use of stationary charging guns. These guns link the rechargeable battery of the electric vehicle to the charging station. Manufacturers are required to follow the guidelines established by both charging station and electric car manufacturers in order to guarantee uniformity in the connection between the charging gun and the vehicle.
Stationary Electric Vehicle Charging Gun Market Size Was Valued at USD 429.9 Million in 2023, and is Projected to Reach USD 6,069.3 Million by 2032, Growing at a CAGR of 34.2% From 2024-2032.