From GlobeNewswire: 2025-04-29 08:00:00

The Charging as a Service Market is projected to grow from USD 165.9 million in 2025 to USD 2,135.0 million in 2035, with a CAGR of 29.1%. This model shifts responsibility for infrastructure development and maintenance to specialized providers, reducing upfront investment and ensuring reliability and scalability for fleet operators facing challenges in EV adoption.

Key players in the Charging as a Service Market include ChargePoint, Tesla, ENGIE, TGOOD Global Ltd., and State Grid Corporation of China. Collaborations between local companies and charge point operators are driving growth, but grid capacity constraints and lack of standardization remain challenges. The fastest-growing segment is expected to be DC chargers, with North America leading the market by 2035.

Expansion of public charging networks is crucial for long-distance travel, fleet electrification, and urban charging solutions. Developed markets like North America, Europe, and parts of Asia are seeing significant growth, supported by government investments and increasing demand for reliable charging infrastructure. Companies like Tesla, Ionity, Electrify America, and EVgo are leading the way in fast-charging network expansion.

Asia Pacific is projected to be the largest market for Charging as a Service, with China, South Korea, Japan, and India leading the way. Government incentives, rising EV adoption, and private sector investments are driving growth, with key players like ENECHANGE, Xiaomi, Nissan, and Tata Power EZ Charge expanding EV charging infrastructure in major markets.

Recent developments in the Charging as a Service Market include Tesla launching Megapack Charger Stations, ChargePoint introducing new cloud plans, and EVBox collaborating with the Illinois Department of Natural Resources. With advancements in AI-powered diagnostics and smart charging solutions, the market is set to continue growing, especially in regions like Asia Pacific.



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