Electric Vehicle Charging Station Market in India Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers EV Charging Station Market Size in India and it is Segmented by Power Output (Rapid Chargers, Fast Chargers, Slow Chargers), Phase (Single-Phase, Three-Phase)

Electric Vehicle Charging Station Market in India Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

India Electric Vehicle (EV) Charging Station Market Size

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India Electric Vehicle Charging Station Market- Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR 25.00 %
Market Concentration Medium

Major Players

India Electric Vehicle Charging Station Market Major Players

*Disclaimer: Major Players sorted in no particular order

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India Electric Vehicle (EV) Charging Station Market Analysis

The India electric vehicle charging stations market is expected to grow with a CAGR of around 25% during the forecast period. The COVID-19 pandemic had a slight impact on the electric vehicle (EV) charging infrastructure market, which was reflected in the delayed manufacturing of essential components due to supply-chain disruptions. But the projects planned by the public or private sector for new EV charging infrastructure remained untouched by the pandemic. As an example, the Indian government planned around 69,000 EV charging stations in the year 2020. The India EV charging station market is likely to have positive growth in the near future due to the growing demand for electric vehicles in the country, and the need for EV charging infrastructure in scarcely populated areas in the country. However, the current low utilization rate of the EV charging stations in many areas of the country is expected to hamper the growth of the market.

  • Slow chargers are expected to dominate the market due to the high penetration of 2-wheeler and 3-wheeler EVs in India.
  • The technological developments taking place in the EV charging industry create ample opportunities for the development of the market. As an example, the introduction of next generation ultra-rapid DC chargers that have the capability to lower the frequency of charging times can be an opportunity for newer EVs.
  • The government policies and programs for the stimulation of the e-mobility market are expected to drive the EV charging infrastructure market in the coming years.

India Electric Vehicle (EV) Charging Station Industry Overview

The India electric vehicle charging station market is moderately fragmanted. Some of the key players include Tata Power Company Limited, Charzer Tech Pvt Ltd., Mass-tech Controls Pvt Ltd., ABB Ltd., and Exicom Telesystems Ltd.

India Electric Vehicle (EV) Charging Station Market Leaders

  1. Tata Power Company Limited

  2. Charzer Tech Pvt Ltd.

  3. Mass-Tech Controls Pvt Ltd.

  4. ABB Ltd.

  5. Exicom Telesystems Ltd.

  6. *Disclaimer: Major Players sorted in no particular order
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India Electric Vehicle (EV) Charging Station Market News

  • In March 2022, Automovil, the mobility start-up in India, announced that it has planned to establish 500 EV charging stations in 11 cities in India. The company has partnered with Midgard Electric as the EV charging partner to install Bharat AC-001 and DC-001 EV chargers for the Automovil's outlets.
  • In March 2022, Exicom, the power solutions and telecom equipment company, announced that it has installed around 5000 EV charging stations in 200 cities in India. The company has installed around 3600AC and 1400DC fast chargers in places like bus depots, public charging stations, household, and residential communities, etc.

India Electric Vehicle (EV) Charging Station Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD million, till 2027
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 PESTLE Analysis

5. MARKET SEGMENTATION

  • 5.1 Power Output
    • 5.1.1 Rapid Chargers
    • 5.1.2 Fast Chargers
    • 5.1.3 Slow Chargers
  • 5.2 Phase
    • 5.2.1 Single Phase
    • 5.2.2 Three Phase

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Market Share Analysis
  • 6.4 Company Profiles
    • 6.4.1 Tata Power Company Limited
    • 6.4.2 Charzer Tech Pvt Ltd.
    • 6.4.3 Mass-Tech Controls Pvt Ltd.
    • 6.4.4 ABB Ltd.
    • 6.4.5 Exicom Telesystems Ltd.
    • 6.4.6 Delta Electronics India
    • 6.4.7 Bright Blu
    • 6.4.8 Fortum Oyj
    • 6.4.9 Automovil
    • 6.4.10 Kinetic Green Energy and Power Solutions Ltd.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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India Electric Vehicle (EV) Charging Station Industry Segmentation

The India electric vehicle charging station market report includes:

Power Output Rapid Chargers
Fast Chargers
Slow Chargers
Phase Single Phase
Three Phase
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India Electric Vehicle (EV) Charging Station Market Research FAQs

What is the current India Electric Vehicle Charging Station Market size?

The India Electric Vehicle Charging Station Market is projected to register a CAGR of 25% during the forecast period (2024-2029)

Who are the key players in India Electric Vehicle Charging Station Market?

Tata Power Company Limited, Charzer Tech Pvt Ltd., Mass-Tech Controls Pvt Ltd., ABB Ltd. and Exicom Telesystems Ltd. are the major companies operating in the India Electric Vehicle Charging Station Market.

What years does this India Electric Vehicle Charging Station Market cover?

The report covers the India Electric Vehicle Charging Station Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the India Electric Vehicle Charging Station Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Electric Vehicle Charging Station in India Industry Report

Statistics for the 2024 Electric Vehicle Charging Station in India market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Electric Vehicle Charging Station in India analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.