Abstract

Over the next 10 years, the global market for residential EV chargers is expected to experience growth mirroring the EV adoption that manufacturers, governments, regulators, and the environmental community are encouraging. A major part of EVs’ widespread adoption is the implementation of public charging stations, which are essential for addressing the very real concerns about range anxiety that many potential EV customers cite as a market barrier. This Guidehouse Insights report looks at the market for residential EV chargers, the various scenarios for residential charging, and the challenges EV owners face in charging their vehicles.

Manufacturers, utilities, and installers all play a significant role in developing and performing residential EV charging. To increase adoption, industry players must implement educational and outreach programs that improve customer awareness. They must also prioritize partnerships and collaboration efforts to bridge the gap between stakeholders.

The forecasts in this report highlight residential EV chargers, segmented by single-family and multifamily homes and by hardware charger technology (Level 1, Level 2, DC fast charging, and wireless chargers). Guidehouse Insights estimates the global value of the residential EV charging market to be $13.2 billion in 2024 and expects it to grow at a compound annual growth rate of 21.2% to $74.7 billion in 2033.

What Questions Does This Report Answer?

• What are the business models for residential EV charging projects?
• What are the pros and cons of single-family and multifamily EV charging infrastructure?
• What companies are propelling the residential EV charging market forward, and why?
• What regions are leading in the EV charging market, and why?
• How can the various stakeholders contribute to market growth?

Who Would Benefit from This Report?

• EV charging manufacturers
• EV charger installers
• Utilities
• Government and policy-setting agencies
• Real estate developers and property managers
• EV manufacturers

Key Market Forecasts in This Report

• Residential EV Charging Market Revenue by End-User, World Markets: 2024-2033
• Residential EV Charging Market Revenue by End-User, North America: 2024-2033
• Residential EV Charging Market Revenue by End-User, Europe: 2024-2033
• Residential EV Charging Market Revenue by End-User, Asia Pacific: 2024-2033
• Residential EV Charging Market Revenue by End-User, Latin America: 2024-2033
• Residential EV Charging Market Revenue by End-User, Middle East & Africa: 2024-2033