Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » EV charging to generate $300bn globally by 2027

    EV charging to generate $300bn globally by 2027

    February 21, 2023
    Share
    Facebook Twitter LinkedIn WhatsApp

    – As Siemens ranked market leader

    Basingstoke, UK – A new study from Juniper Research has found revenue from EV (Electric Vehicle) charging will exceed $300 billion globally by 2027; up from $66 billion in 2023. The report, EV Charging: Key Opportunities, Regional Analysis & Market Forecasts 2023-2027, found fragmentation in charging networks is restricting EV adoption.

    Chargers are overwhelmingly located in urban areas; leading to widespread range anxiety among potential drivers. This is coupled with the difficulty of accessing charging points via different apps and cards, as well as lack of standards for charging vehicles at the same rate. As such, EV charging networks must simplify access and work with local authorities to roll out chargers to a wider range of locations, or the EV market will struggle to accelerate.

    Siemens Tops Juniper Research Competitor Leaderboard
    The research assessed leading EV charging vendors and evaluated them on a number of criteria, including depth and breadth of offerings, innovation and future prospects; providing extensive analysis of the competitive landscape in this dynamic market.

    The Competitor Leaderboard ranked the three leading vendors as follows:
    1. Siemens
    2. ChargePoint
    3. ABB

    Research author Jordan Rookes explained further: “Siemens demonstrates an intricate knowledge of the market; targeting currently underserved segments, particularly public transport and fleets. Competing vendors must diversify their portfolio away from just home and public chargers, and start targeting alternative high-growth market segments to maximise their market share.”

    Charging Vendors Must Leverage Loyalty to Differentiate
    The research also predicts by 2027, the total number of plug-in vehicles will surpass 137 million globally; up from 49 million in 2023. As this adoption grows, charging vendors must differentiate their services in a highly fragmented market. As such, it is important for EV charging vendors to target consumers as early as possible to build brand loyalty.
    Accordingly, vendors must develop strategic partnerships with automotive manufacturers, offering benefits such as discounted rates to encourage owners of certain EV brands to use their charging stations; helping EV charging vendors remain competitive.

    Related News

    Oando wins Domestic Impact Deal of the Year at 2025 IFLR Africa Awards

    China to establish electric vehicle factories in Nigeria

    Sahara Group Foundation reaffirms commitment to African entrepreneurs with MADAA reloaded

    E-book
    Resilience Exhibition

    Latest News

    Nigeria must lead Africa’s energy revolution beyond borders, says APPO

    May 22, 2025

    If Local Content fails in Nigeria, it fails in Africa – Lokpobiri 

    May 22, 2025

    Nigeria’s energy sector in transition from extraction to value creation — Verheijen, Ekpo

    May 22, 2025

    NOGOF 2025: NCDMB, NUPRC, stakeholders chart path for Indigenous-led growth in Nigeria’s energy sector

    May 22, 2025

    Oil prices fall on news that US-Iran will hold nuclear talks

    May 22, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.