Electric Vehicle Charger Operations And Maintenance Services Market To Reach $1,744.72 Million By 2030

Electric Vehicle Charger Operations And Maintenance Services Market Growth & Trends

The global electric vehicle charger operations and maintenance services market size is expected to reach USD 1,744.72 million by 2030, growing at a CAGR of 26.3% from 2023 to 2030, according to a new report by Grand View Research, Inc. The emergence of new business models and collaborations is boosting the market growth. Companies are forming strategic partnerships to provide end-to-end solutions for Electric Vehicle (EV) charging, encompassing installation, operations, and maintenance. These collaborations enable efficient resource allocation, streamlined service delivery, and enhanced customer support, driving the growth of the market.

In March 2023, BP Pulse entered into a pan-European frame agreement with APCOA Parking Group, a provider of customized parking solutions with a strong presence in Europe. The agreement outlines BP Pulse's plans to establish over a hundred EV fast-charging hubs across Europe. bp pulse plans to deploy fast-charging infrastructure at APCOA's car parks, known as Urban Hubs, located in Belgium, Germany, the Netherlands, Austria, Poland, Luxembourg, and the UK over the following three years.Supportive government policies and regulations are playing a significant role in driving the market.

Governments worldwide are implementing incentives, subsidies, and regulations to promote EV adoption and develop charging infrastructure. These policies create a favorable environment for the growth of operations and maintenance services as they incentivize investments and ensure a sustainable market ecosystem.The pandemic has accelerated the shift towards digitalization and contactless services. Service providers in the market have embraced digital platforms and remote monitoring technologies to ensure charging stations' smooth functioning and maintenance, minimizing the need for physical interactions. This has improved operational efficiency and enhanced the safety and convenience for both service providers and EV users.

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Electric Vehicle Charger Operations And Maintenance Services Market Report Highlights

• The level 2 segment dominated the market in 2022. Advancements in technology have improved the efficiency and reliability of Level 2 chargers, making them a preferred choice for electric vehicle owners and service providers

• The private segment dominated the market in 2022. Private installations offer the advantage of dedicated charging spots and reduced waiting times, as they are typically used by a limited number of electric vehicle owners

• The commercial segment dominated the market in 2022. Many governments and local authorities provide incentives and subsidies to encourage the adoption of EVs in the commercial sector, further driving the segment growth

• The retail segment is expected to grow at the fastest rate. The retail sector benefits from high footfall and a large customer base, which translates into increased utilization of charging stations. This high usage rate drives the need for reliable operations and maintenance services to ensure optimal performance and customer satisfaction

• Asia Pacific dominated the market in 2022. The region's advancements in technology and innovation have facilitated the development of innovative charging solutions, including advanced monitoring and management systems. These technological advancements have enhanced the efficiency and reliability of charging operations, further bolstering the dominance of the Asia Pacific region in the global industry

Electric Vehicle Charger Operations And Maintenance Services Market Segmentation

Grand View Research has segmented the global electric vehicle charger operations and maintenance services market on the basis of charger type, installation, application, end-use, and region:

Electric Vehicle (EV) Charger Operations And Maintenance Services Charger Type Outlook (Revenue, USD Million, 2017 - 2030)

• Level 1

• Level 2

• Level 3

Electric Vehicle (EV) Charger Operations And Maintenance Services Installation Outlook (Revenue, USD Million, 2017 - 2030)

• Public

• Private

Electric Vehicle (EV) Charger Operations And Maintenance Services Application Outlook (Revenue, USD Million, 2017 - 2030)

• Commercial

  • Destination Charging Stations

  • Highway Charging Stations

  • Bus Charging Stations

  • Fleet Charging Stations

• Residential

Electric Vehicle (EV) Charger Operations And Maintenance Services End-use Outlook (Revenue, USD Million, 2017 - 2030)

• Logistics

• Retail

• Universities

• Commercial

• Transport

• Real Estate

• Others

Electric Vehicle (EV) Charger Operations And Maintenance Services Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • UK

  • Germany

  • France

  • Netherlands

  • Norway

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

• Latin America

  • Brazil

• Middle East & Africa

  • Kingdom of Saudi Arabia (KSA)

  • UAE

  • South Africa

List of Key Players of Electric Vehicle Charger Operations And Maintenance Services Market

• ChargerPoint, Inc.

• ABB

• bp pulse

• EVA Global

• SEAM Group

• Chargerhelp!

• BTC Power

• eFaraday

• Pearce Renewables

• Vital EV Solutions