Wallbox Electric Vehicle Charger Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Product Type (AC Type 1 Wallbox Charger, AC Type 2 Wallbox Charger), By End Use (Residential, Commercial), By Region (North America; Europe; Asia Pacific; Rest of the World) and By Region
Published Date: May - 2025 | Publisher: MIR | No of Pages: 320 | Industry: Automotive | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationWallbox Electric Vehicle Charger Market size
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Wallbox EV Charger Market Size Overview (2023–2024)
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Global Market Size (2023)
The global home and commercial wallbox charger market was estimated at USD 1.8–2.2 billion in 2023, growing rapidly due to EV adoption and supportive regulations.The market is expected to grow at a compound annual growth rate (CAGR) of 25–30% from 2024 to 2030. -
Key Drivers
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Growth in residential smart chargers
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Partnerships with automotive OEMs (e.g., Nissan, Mercedes)
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Integration with renewable energy and energy management system
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Global wallbox electric vehicle charger market is anticipated to register growth at a robust CAGR in the forecast period,Wallbox electric vehicle charger refers to a smart charger, installed over a wall that provides power at a higher rate than a standard three-pin plug socket. Wallbox electric vehicle charger charges a vehicle as an extremely high speed, therefore it is increasingly being adopted across several developed and developing nations. Even with a moderate charging power of 11 Kilowatt, the 60-kWH battery would fully be recharged in less than six hours. With the top range of 22-kW models, charging the same battery would take less than three hours. Moreover, the wallbox electric vehicle chargers ensures the safety of the vehicle and the passenger as this type of charger ensures protection against the electric discharge, thereby preventing any mis-happenings during the charging process. As a result, the global wallbox electric vehicle charger market is anticipated to grow at a rapid pace in the coming years.
Exhausting Non-Renewable Sources to Aid Wallbox Electric Vehicle Charger Adoption
Depletion of non-renewable resources such as petrol and diesel are pushing the demand for electric vehicles. It is inevitable to have a constant supply of petrol or diesel to power up the conventional ICE combustion cars. With this, the sales of electric cars have increased particularly in the developed economies such as United States, Canada, and United Kingdom. In addition, with the emerging trend of home charging, where 90% of the electric car charging takes place domestically, the demand for wallbox electric vehicle chargers have propelled. Moreover, to support the adoption of electric vehicle car and wall box further, the government in United Kingdom have initiated a “Go Ultra Low” campaign, supported by the Office of Zero Emission Vehicles, vehicle manufacturers and energy providers. This campaign seeks to offer facts and information that an electric car buyer would like to have while switching to an electric vehicle along with educating them about the tools that are required to run an electric vehicle. Therefore, the depleting non-renewable resources and increasing support by the government to opt for electric vehicles and increase awareness about electric vehicle chargers are anticipated to propel the global wallbox electric vehicle charger market.
Fast Charging Ability of Wallbox Electric Vehicle Charger Fuels the Product Demand
Wallbox chargers offer extremely fast charging speed than the traditional three-pin plugs, hence helping the electric vehicle drivers to have a fully charged vehicle in a short span of time. In addition, some of the latest and highly advanced models of wallbox electric vehicle chargers facilitate an electric vehicle to be charged from 10-80% in less than 20 minutes. Moreover, with the constantly expanding public charging network and growing installation of rapid and ultra-rapid charging points, charging an electric vehicle is becoming very convenient, which is expected to create a positive impact on the market.
Market Segmentation
The wallbox electric vehicle charger market is segmented by product type (AC Type 1 and AC Type 2), end-user (residential and commercial), and region (North America, Europe, Asia Pacific, and Rest of the World). The market is also segmented by components (hardware and software), with hardware currently holding the larger share.
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Detailed Segmentation
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By Product Type
- AC Type 1 These chargers are commonly used in North America and utilize the J1772 connector.
- AC Type 2 This type of charger is widely used in Europe and features the IEC 62196 Type 2 connector.
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By End-User
- Residential This segment includes wallboxes installed in homes for personal EV charging, and it is considered a major driver of the market due to the increasing adoption of EVs.
- Commercial This segment encompasses wallboxes used in businesses, workplaces, and public charging infrastructure.
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By Region
- North America This region is anticipated to have a significant market share, driven by the presence of major EV manufacturers like Tesla and increasing EV sales.
- Europe Europe is another key market region, with a growing focus on e-mobility and government initiatives supporting EV adoption.
- Asia Pacific This region is experiencing significant growth in the EV market, with countries like China and India driving demand for charging infrastructure.
- Rest of the World This segment includes other regions with emerging EV markets and increasing adoption rates.
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By Components
- Hardware This segment includes the physical charger unit, connectors, housing, and other components necessary for charging.
- Software This segment encompasses the software that manages charging sessions, user interfaces, mobile apps, and integration with smart grids.
Key Players
United Chargers Inc.,
Enphase Energy, Inc.
(Clipper Creek)
Tesla Inc.
Company Profile
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Attribute |
Details |
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Base Year |
2021 |
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Historical Data |
2017 – 2020 |
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Estimated Year |
2022 |
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Forecast Period |
2023 – 2027 |
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Quantitative Units |
Revenue in USD Million, volume in units, and CAGR for 2017-2021 and 2022-2027 |
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Report coverage |
Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
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Segments covered |
· Product Type · End Use |
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Regional scope |
North America, Europe and CIS, Asia Pacific, and Rest of the World |
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Key companies profiled |
Wallbox AB, E-Station, BJA trading group (Sevadis), Enel X S.r.l., Lectron electric vehicle., LUAO, ChargePoint, United Chargers Inc., Enphase Energy, Inc. (Clipper Creek), and Tesla Inc. |
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Customization scope |
10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
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Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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