The Airport Electric Vehicle Charging Station Market Is Estimated To Record a CAGR of Around 23.41% During The Forecast Period
Evolve Business Intelligence has published a research report on the Global Airport Electric Vehicle Charging Station Market, 2023–2033. The global Airport Electric Vehicle Charging Station market is projected to exhibit a CAGR of around 23.41% during the forecast period of 2023 to 2033.
Evolve Business Intelligence has recognized the following companies as the key players in the global Airport Electric Vehicle Charging Station Market: Blink Charging Co, Delta Electronics Inc, General Electric Company, Siemens, Eves, Plugless Power Inc, ABB Ltd, Electroair OU, WEBASTO GROUP, Ningbo Dekon New Energy Co Ltd.
Market Highlights
The Airport Electric Vehicle Charging Station market is projected to be valued at USD 1.56 Billion by 2033, recording a CAGR of around 23.41% during the forecast period. An Airport Electric Vehicle (EV) Charging Station refers to a dedicated facility within or near an airport that provides electric vehicle charging infrastructure for electric cars and other electric vehicles. These charging stations are specifically designed to cater to the charging needs of EV owners, allowing them to recharge their vehicles while traveling to or from the airport. These charging stations are equipped with charging cables or connectors compatible with various electric vehicle models, allowing EV owners to conveniently charge their vehicles while using airport facilities or waiting for their flights. Some airport charging stations may also incorporate additional amenities such as parking spaces reserved for electric vehicles, dedicated EV charging lanes, and user-friendly interfaces to monitor and manage charging sessions.
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The COVID-19 pandemic had a significant impact on the Airport Electric Vehicle Charging Station market. Due to travel restrictions, lockdown measures, and reduced passenger traffic, airports experienced a decline in overall activity, including the usage of electric vehicle charging stations. Many people were working remotely or avoiding non-essential travel, leading to a decreased demand for airport charging facilities. This resulted in lower utilization rates and slower growth in the installation of new charging stations. However, as travel restrictions ease and the world moves towards recovery, the market is expected to regain momentum, driven by the increasing adoption of electric vehicles and the growing emphasis on sustainable transportation solutions in the post-pandemic era.
Segmental Analysis
The global Airport Electric Vehicle Charging Station market has been segmented based on Mode of charging, Charging level, Product Type, and region.
Based on the Mode of charging, the Airport Electric Vehicle Charging Station market is segmented based on Plug-in charging, Wireless charging. Plug-in charging is expected to have the largest market share throughout the forecast period, while Software is expected to grow at the fastest rate.
Based on the Charging level, the global Airport Electric Vehicle Charging Station market has been divided into Level 2, and Level 3. The Level 2 segments are anticipated to dominate the market.
Based on the Product Type, the global Airport Electric Vehicle Charging Station market has been divided into Standing Type, Wall Mounted Type, and Wireless Pad. The Wall Mounted Type segments are anticipated to dominate the market.
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Regional Analysis
The Airport Electric Vehicle Charging Station market is divided into six regions: North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. North America region includes countries such as the U.S. and Canada, which have seen significant growth in the adoption of electric vehicles and the development of charging infrastructure, including at airports. European countries have been at the forefront of electric vehicle adoption and have made substantial investments in charging infrastructure. Airports across Europe have been actively installing charging stations to cater to the increasing demand from electric vehicle owners. The Asia-Pacific region, including countries such as China, Japan, and South Korea, has witnessed rapid growth in electric vehicle sales. Airports in this region are gradually incorporating EV charging stations to support the rising number of electric vehicles on the roads. Although the adoption of electric vehicles in Latin America is still relatively low compared to other regions, airports are beginning to invest in charging infrastructure to encourage sustainable transportation alternatives and meet the needs of electric vehicle users. The Middle East, such as the UAE and Saudi Arabia, is making significant strides in promoting electric vehicles and sustainable mobility. Airports in the region are starting to deploy charging stations to facilitate electric vehicle charging for passengers and employees. While electric vehicle adoption in Africa is still in its early stages, there is growing interest and potential for electric mobility. Some airports in Africa have started to introduce EV charging stations, particularly in urban areas with higher electric vehicle penetration.