The market for charging stations for electric vehicles is booming. It’s a market driven by the energy transition and policies to reduce CO2 emissions.
1. The fast-growing charging station market
A. The European charging station market
a. The current state of the European market
The market for charging stations in Europe has grown exponentially in recent years. In 2022, it was estimated at around 4 billion euros, and is expected to reach over 20 billion euros by 2027. With a compound annual growth rate (CAGR) of 36.3%. This rapid expansion is underpinned by the European Union’s ambitious targets for reducing greenhouse gas emissions and transitioning to clean energies.
b. Growth factors in the European market
The growth of the European charging station market is fueled by several key factors. Firstly, public policy is playing a crucial role, with the European Union imposing strict regulations to reduce CO2 emissions, driving carmakers to produce more electric vehicles (EVs).
What’s more, national governments are investing heavily in recharging infrastructure, offering attractive subsidies and tax incentives for companies and individuals.
Finally, the growing demand for electric vehicles, supported by financial incentives and heightened awareness of environmental issues, is increasing the need for accessible, efficient charging stations. These combined dynamics are accelerating the expansion of the charging station network in Europe, responding to the need for greener mobility.
c. The future of charging stations in Europe
The future of the European charging station market looks promising. With the EU aiming to have at least 1 million charging stations installed by 2025, growth opportunities are vast. What’s more, technological innovation, such as fast charging and intelligent energy management systems, should continue to drive the market.
B. The French charging station market
a. The current state of the French market
In France, the market for charging stations is also expanding rapidly. In 2022, it was valued at around 500 million euros, and could reach 3 billion euros by 2027. With a compound annual growth rate (CAGR) of 35%. France currently has over 50,000 public charging points, with a high concentration in major cities and along motorways.
b. Growth factors in the French market
The growth of the charging station market in France is due to government initiatives and policies. This is particularly the case with the France Relance plan aimed at boosting recharging infrastructure in France, with an ambitious target of 100,000 public charging stations by the end of 2022. To reach this target, subsidies and incentives are available for the installation of charging stations in private homes and businesses, facilitating access to charging for a growing number of electric vehicle users. These measures are making a significant contribution to the growth of charging infrastructures in France, supporting the transition to more sustainable mobility.
c. The challenges facing the charging station market in France
Despite the progress made, a number of challenges remain. Regional disparities remain marked, with the availability of charging stations significantly higher in urban than in rural areas. In addition, technological innovation is crucial to develop faster, more efficient charging solutions to meet the growing demand from electric vehicle users. These challenges must be overcome to ensure a successful energy transition.
2. Who are the suppliers of charging stations in the public and private sectors?
With the expansion of the electric vehicle charging station market, many different players have emerged in the public and private sectors. The main players in this market include manufacturers, installers, charging network operators, as well as management and supervision platforms.
A. Charging station suppliers for the public sector
Public-sector players are focusing on the installation of charging stations in public spaces, such as municipal parking lots, streets and freeways.
a. Izivia
Izivia, a subsidiary of the EDF Group, is one of France’s leading operators of charging stations. Izivia offers complete solutions, including installation, maintenance and management of charging stations. The company stands out for its specialization in fast charging stations, particularly on freeways, offering an efficient solution for long-distance journeys.
b.Fastned
Fastned is gradually rolling out stations strategically located along highways and major roads to facilitate long-distance journeys for electric vehicle users. The company stands out for its commitment to using 100% renewable electricity, helping to reduce the carbon footprint of transport.
c. TotalEnergie
TotalEnergies is developing a vast network of charging stations through its presence in petrol stations. TotalEnergies’ offer includes fast and ultra-fast charging stations. The company stands out for its strong presence on motorways and in urban areas, meeting the needs of drivers on the move and in town.
c. Freshsmile
As an independent operator, Freshmile focuses on public charging solutions. Freshmile offers installation, maintenance and management of charging stations, with a centralized management platform. The company stands out for its flexible and transparent pricing, as well as its integration with various management platforms. In this way, it offers its customers a high degree of flexibility.
d. E-station
Station E aims to install charging stations in public and semi-public spaces. The company offers standard and rapid charging stations, along with management and maintenance services. Station E stands out for its business model based on flexibility and customized solutions for local authorities, enabling it to tailor its offerings to the specific needs of each customer.
B. Charging station suppliers for the private sector
Private-sector players install charging stations in businesses, condominiums and private homes.
a. Electra
Electra specializes in fast and ultra-fast recharging. The company is particularly active in urban areas, shopping malls and hotel parking lots. Electra offers turnkey solutions for these different customers. These include management and maintenance of charging infrastructures. The company places a strong emphasis on technological innovation and ultra-fast charging solutions.
b. Powerdot
Powerdot was founded with the mission of making electric recharging more accessible and convenient. They offer a range of services tailored to the needs of both businesses and individuals. Its charging stations are designed to be installed in a variety of locations, including shopping malls, hotels and restaurants.
c. Quovoltis
Qovoltis develops charging stations featuring advanced technologies that optimize energy management and enhance the user experience. Its solutions are designed for use in a variety of environments, including homes, businesses and private households.
c. Engie
Engie offers recharging solutions for businesses and private homes. The company offers turnkey solutions, including installation, maintenance and energy management. What sets Engie apart is its integration with corporate energy management systems, helping to optimize energy consumption.
d. Zeplug
Zeplug specializes in charging systems for condominiums and private residences. It stands out for its offer to install individual or collective charging stations and manage invoicing. Zeplug focuses on customized solutions for condominiums and offers dedicated customer service, ensuring a response tailored to the specific needs of each condominium.
d. NewMotion
NewMotion, a subsidiary of the Shell Group, offers charging solutions for businesses and private homes. Their offer includes intelligent charging stations and integration with fleet management systems. NewMotion stands out for its strong capacity for technological innovation and its integration with Shell services, making it a key player in the private recharging sector.
e. ChargeGuru
ChargeGuru focuses on charging solutions for businesses and private customers. The company offers complete solutions, from installation to management of charging stations, with maintenance services included. Flexible offerings and personalized services, as well as a strong customer focus, are the main factors that differentiate ChargeGuru from its competitors.
3. Enhancing and controlling charging stations through intelligent parking
It’s important to value and monitor the use of charging stations effectively. The close link between intelligent parking management and digital technologies makes it possible to collect valuable data. For example, the amount of time charging points are used, thus combating the problem of car-hoarding. This increases the added value of services associated with connected charging stations.
Cocoparks deploys a complete, simple and effective solution to optimize parking and street management.
