Electric Vehicle Fast Charging System Market Size to Reach $2.30 Billion by 2027 | Report by Emergen Research

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According to Emergen Research, the electric vehicle fast charging market will grow by $2.30 billion by 2027.

Electric Vehicle Fast Charging System Market USD 368.4 Million in 2019, Market Growth – CAGR 25.6%, Market Trends”

— Emergen Research

VANCOUVER, BRITISH COLUMBIA, CANADA , Jan. 23, 2023 /EINPresswire.com/ — The global market for electric vehicle fast charging systems was valued at USD 368.4 million in 2019 and is expected to reach USD 2.30 billion by 2027 US at a CAGR of 25.6%, according to the latest Emergen Research report. Electric Vehicle Fast Charging Systems Market by Vehicle Type (Light Cars, Heavy Cars, Electric Bicycles), by Charger Type (CCS, CHADEMO, Tesla Supercharger), by Installation Type (Portable, Stationary), by Application, by Battery Type, and by automotive technologies, forecasts until 2027

More public transport routes are switching to electric vehicles due to higher profits. These public transport owners need a fast charging system that reduces their vehicle’s downtime and increases their ability to deliver greater operational efficiency.

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Scope of the report:

Forecast period: 2023-2027

CAGR: 25.6%

Base year: 2021

Number of pages: 250

The top companies operating in the electrotherapy market profiled in the report are:

Advanced Vehicle Manufacturing, Inc.

Delta Electronics, Inc.



Blink Charging Co,

ChargePoint, Inc.,

Elmec Inc,

Hong Kong EV Power Limited,


Proterra Inc.,

Schneider Electric,

Quick Buy Electric Vehicle Fast Charging System Market


Key findings of the report suggest

The market in Asia Pacific contributed the largest share of the plug-in hybrid PHEV market in 2019, in terms of value, and is likely to grow at the fastest rate of 39.8% during the forecast period, owing to rising concerns about environmental pollution and government support for promotion sustainable mobility.

Heavy-duty vehicles cannot use the same fast charging infrastructure as passenger cars. They require larger batteries, higher power stations, consume more energy and require faster charging systems for fast charging. In this way, the demand for heavy-duty vehicles is purposefully increasing.

In March 2019, Tesla introduced V3 Supercharging, the next step in the growth of Tesla’s Supercharger network.

Regional information:

By region, North America held the largest share of the electric vehicle fast charging systems market in 2019. The market is projected to grow significantly due to widespread adoption across various verticals, particularly in the North America region. Widespread deployment of electric vehicle fast charging infrastructure, particularly in the United States, and rising investment in electric vehicle charging infrastructure are expected to drive market demand.

Asia Pacific is expected to accelerate with the fastest growth rate of 28.2% during the forecast period of 2020 to 2027 due to the tremendous growth of hybrid electric vehicles, especially for heavy-duty applications.

Segments covered in the report

Forecast by Vehicle Type (Revenue: Billion USD; Volume: Thousand Units; 2017-2027)


Heavy vehicles

Electric bicycles


Charger Type Forecast (Revenue: Billion USD; Volume: Thousand Units; 2017-2027)



Tesla supercharger

TYPE-2 (IEC 62196)


Forecast by Installation Type (Revenue: Billion USD; Volume: Thousand Units; 2017-2027)



Application Forecast (Revenue: Billion USD; Volume: Thousand Units; 2017-2027)



Battery Type Forecast (Revenue: Billion USD; Volume: Thousand Units; 2017-2027)

Lead acid

Nickel Cadmium (Ni-Cd)


Solid State Lithium Ion (SSB)

Automotive Technology Forecast (Revenue: Billion USD; Volume: Thousands of Units; 2017-2027)

Plug-in Hybrid Electric Vehicles (PHEVs).

Battery Electric Vehicles (BEV)


Methodology and sources

Market definition

Scope of research


Research sources



Paid sources

Technique of market assessment


Summary review, 2019-2027

Key ideas

Market Segmentation and Impact Analysis of Electric Vehicle Fast Charging System

Market Materials Segmentation Analysis of Electric Vehicle Fast Charging System

Industrial forecast

Analysis of market indicators

Analysis of market drivers

The spread of heavy electric vehicles is growing

Significant growth of fast public charging infrastructure

Technical progress

Analysis of market constraints

Lack of sufficient public charging infrastructure

Technological ideas

Regulatory framework

Porter’s Five Forces Analysis

Competitive Analysis of Metric Space

Analysis of the price trend

Analysis of the impact of Covid-19

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About us:

Emergen Research is a market research and consulting firm that provides syndicated research reports, custom research reports and consulting services. Our solutions are focused solely on your goal: to identify, define and analyze changes in consumer behavior across demographics and industries and help clients make smarter business decisions. We offer market research that provides relevant and evidence-based research across industries including healthcare, touchpoints, chemicals, species and energy. We are constantly updating our research offerings to ensure our clients are aware of the latest trends in the market. Emergen Research has a strong base of experienced analysts from various areas of expertise. Our industry experience and ability to develop a specific solution to any research problem gives our clients the ability to provide an edge over the competition.

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Emergen Research
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