Airport Electric Vehicle Charging Station Market Analysis and Global Forecast 2023-2033

Airport Electric Vehicle Charging Station Market Overview

Airport Electric Vehicle Charging Station Market Size is expected to reach USD 1.56 Billion by 2033. The Airport Electric Vehicle Charging Station industry size accounted for USD 0.21 Billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 23.41% from 2023 to 2033. An Airport Electric Vehicle Charging Station refers to a specialized infrastructure facility located within or adjacent to an airport that is designed to provide electric vehicle charging services to electric cars and other electric vehicles. These charging stations are equipped with dedicated charging points or stations that enable EV owners to connect their vehicles and recharge their batteries while utilizing airport facilities or during their travel to and from the airport. The charging stations may offer different levels of charging capabilities, including Level 1, Level 2, and sometimes even Level 3 or DC fast charging, to accommodate various electric vehicle models. The purpose of these charging stations is to support the adoption of electric vehicles, promote sustainable transportation options, and contribute to environmental sustainability efforts within the airport ecosystem.

Global Airport Electric Vehicle Charging Station Market Synopsis

COVID-19 Impact Analysis

The Airport Electric Vehicle Charging Station market was significantly affected by the COVID-19 pandemic as airports faced reduced activity, travel restrictions, and lockdown measures. These factors led to a decline in overall usage of electric vehicle charging stations, as passenger traffic decreased and many individuals worked remotely or avoided non-essential travel. Consequently, there was a decrease in demand for airport charging facilities, resulting in lower utilization rates and slower installation of new charging stations. However, with the gradual easing of travel restrictions and global recovery efforts, the market is anticipated to regain momentum. This rebound will be driven by the increasing adoption of electric vehicles and the growing focus on sustainable transportation solutions in the post-pandemic era.

Global Airport Electric Vehicle Charging Station Market Dynamics

The major factors that have impacted the growth of the Airport Electric Vehicle Charging Station are as follows:

Drivers:

⮚      Increasing Adoption of Electric Vehicles

One of the key drivers for the Airport Electric Vehicle Charging Station market is the rising adoption of electric vehicles (EVs) globally. As more individuals and organizations embrace EVs for their transportation needs, the demand for charging infrastructure, including at airports, is expected to grow. The need for convenient and accessible charging solutions at airports will drive the installation and expansion of EV charging stations to cater to the increasing number of EV owners.

Restraint:

• Limited Availability of Charging Infrastructure

A significant restraint for the Airport Electric Vehicle Charging Station market is the limited availability of charging infrastructure, particularly in certain regions or airports. The installation of charging stations requires significant investment, coordination with utility providers, and space allocation, which can pose challenges for some airports. The lack of charging infrastructure can deter EV owners from choosing airports that do not offer charging facilities, impacting the overall market growth.

Opportunity:

Government Initiatives and Incentives

Government initiatives and incentives aimed at promoting sustainable transportation and reducing carbon emissions present a significant opportunity for the Airport Electric Vehicle Charging Station market. Many governments across the world are implementing policies, such as funding programs, tax incentives, and regulations that encourage the development of charging infrastructure. Airports can leverage these initiatives and collaborate with government entities to secure funding and support for the installation and expansion of EV charging stations, thereby driving the market growth.

Airport Electric Vehicle Charging Station Market Segment Overview

By Mode of charging

Based on the Mode of charging, the market is segmented based on Plug-in charging, Wireless charging. The Plug-in charging segment was indeed anticipated to hold a significant market share in the Airport Electric Vehicle Charging Station market. This is due to the widespread adoption of plug-in electric vehicles (PEVs) and their compatibility with various charging standards. Plug-in charging stations offer convenient and flexible charging options, allowing EV owners to connect their vehicles to the charging infrastructure using standard charging cables. The popularity of plug-in charging is driven by its ease of use, compatibility with a wide range of electric vehicles, and the ability to charge at different power levels. As the demand for PEVs continues to grow, the plug-in charging segment is expected to maintain its dominance in the Airport Electric Vehicle Charging Station market.

By Charging level

Based on the Charging level, the market has been divided into Level 2, and Level 3. The Level 2 segment is expected to hold the largest market share in the Market. Level 2 charging stations provide a reliable and efficient charging solution for electric vehicles, making them a popular choice among EV owners. With a power output of 240 volts, Level 2 charging stations offer faster charging compared to Level 1 chargers while being more affordable and easier to install than high-power Level 3 DC fast chargers. Additionally, Level 2 charging infrastructure is compatible with a wide range of electric vehicle models, making it a versatile and widely adopted charging option at airports.

By Product Type

Based on Product Type, the market has been divided into Standing Type, Wall Mounted Type, and Wireless Pad. The market is projected to see significant growth in the Wall Mounted Type segment. Wall-mounted charging stations offer several advantages, including space efficiency, easy installation on existing structures, and versatility in terms of deployment locations within airports. These charging stations can be mounted on walls or pillars, saving valuable floor space and providing a more organized charging setup. The scalability and flexibility of wall-mounted charging stations make them suitable for various airport environments, including parking lots, terminals, and other accessible areas.

Global Airport Electric Vehicle Charging Station Market Regional Analysis

Based on region, the market has been divided into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. The area of North America is anticipated to dominate the market for the usage of Airport Electric Vehicle Charging Stations, followed by those in Asia-Pacific and Europe.

North America Market

North America has traditionally held a substantial market share in the Airport Electric Vehicle Charging Station market. The region has been at the forefront of electric vehicle adoption and has witnessed significant investments in charging infrastructure. Several factors contribute to North America’s market dominance, including supportive government policies, incentives for electric vehicles, and a robust charging infrastructure network. Moreover, North America is home to some of the world’s largest airports, which have been proactive in installing charging stations to cater to the growing number of electric vehicles. The region’s advanced technological capabilities, strong consumer demand for sustainable transportation solutions, and a well-established charging infrastructure ecosystem have all contributed to North America’s significant market share in the Airport Electric Vehicle Charging Station market.

Asia Pacific Market

The Asia-Pacific region has indeed been experiencing a growing compound annual growth rate (CAGR) in the Airport Electric Vehicle Charging Station industry. The region has witnessed a rapid increase in electric vehicle adoption, particularly in countries like China, Japan, and South Korea. This surge in electric vehicle sales has prompted airports in the Asia-Pacific region to invest in and expand their charging infrastructure to meet the rising demand. Government initiatives, favorable policies, and investments in sustainable transportation solutions have further fueled the growth of the Airport Electric Vehicle Charging Station market in the Asia-Pacific region. With a focus on reducing carbon emissions and promoting clean energy, the Asia-Pacific market is expected to continue its positive trajectory, driving the CAGR growth in the Airport Electric Vehicle Charging Station industry.

Competitive Landscape

The competitive landscape includes key players (tier 1, tier 2, and local) having a presence across the globe. Companies such as ABB Ltd, Delta Electronics Inc, General Electric Company, Siemens AG, and Eves are some of the leading players in the global Airport Electric Vehicle Charging Station Industry. These players have adopted partnership, acquisition, expansion, and new product development, among others as their key strategies.

Key Market Players:

• Blink Charging Co
• Delta Electronics Inc
• General Electric Company
• Siemens AG
• Eves LLC
• Plugless Power Inc
• ABB Ltd
• Electroair OU
• WEBASTO GROUP
• Ningbo Dekon New Energy Co Ltd

Key development:

On May 2023: Siemens eMobility announced the introduction of the latest iteration of VersiCharge AC Series electric vehicle (EV) chargers, designed for both commercial and residential use. This groundbreaking EV charger sets a new industry standard by integrating with building management systems, granting operators the ability to monitor, manage, and make real-time adjustments to the system. The third generation of AC charging, known as VersiCharge, provides convenient tools for power demand adjustment, precise energy usage metering, and enhanced network connectivity for electric vehicle service providers, buildings, and automation systems. The UL/cUL-certified model offers up to 11.5 kW of alternating current (AC) charging power and includes various configurations tailored to multi-family residences, workplaces, and utility applications.

Scope of the Report

Global Airport Electric Vehicle Charging Station Market, by Mode of Charging

• Plug-in charging
• Wireless charging

Global Airport Electric Vehicle Charging Station Market, by Charging Level

• Level 2
• Level 3

Global Airport Electric Vehicle Charging Station Market, by Product Type

• Standing Type
• Wall Mounted Type
• Wireless Pad

Global Airport Electric Vehicle Charging Station Market, by Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Benelux
  • Nordic
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • South Korea
  • Indonesia
  • Austalia
  • Malaysia
  • India
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of Middle East & Africa

 

Parameters	Indicators
Market Size	2033: $1.56 Billion
CAGR	23.41% CAGR (2023-2033)
Base year	2022
Forecast Period	2023-2033
Historical Data	2021
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Key Segmentations	Mode of charging, Charging level, Product Type
Geographies Covered	North America, Europe, Asia-Pacific, Latin America, Middle East, Africa
Key Vendors	Blink Charging Co., Delta Electronics Inc, General Electric Company, Siemens AG, Eves LLC, Plugless Power Inc., ABB Ltd, Electroair OU, WEBASTO GROUP, Ningbo Dekon New Energy Co Ltd
Key Market Opportunities	Collaborations between airports, government entities, and private sector players to expand charging infrastructure Technological advancements leading to faster charging speeds and improved charging efficiency Integration of renewable energy sources in charging infrastructure to promote clean energy usage
Key Market Drivers	Increasing adoption of electric vehicles (EVs) globally Government initiatives and incentives promoting sustainable transportation Growing demand for convenient and accessible charging infrastructure

 

REPORT CONTENT BRIEF:

• High-level analysis of the current and future Airport Electric Vehicle Charging Station Industry trends and opportunities
• Detailed analysis of current market drivers, restraining factors, and opportunities analysis in the future
• Historical market size for the year 2021, and forecast from 2023 to 2033
• Airport Electric Vehicle Charging Station market share analysis for each segment
• Competitor analysis with a comprehensive insight into its product segment, financial strength, and strategies adopted.
• Identifies key strategies adopted by the key players including new product development, mergers and acquisitions, joint ventures, collaborations, and partnerships.
• To identify and understand the various factors involved in the global Airport Electric Vehicle Charging Station market affected by the pandemic
• To provide year-on-year growth from 2022 to 2033
• To provide short-term, long-term, and overall CAGR comparison from 2022 to 2033.
• Provide Total Addressable Market (TAM) for the Global Airport Electric Vehicle Charging Station Market.