Robotic EV Charger Market Size (2023 - 2030)

The Global Robotic EV Charger Market was valued at USD 13.62 billion and is projected to reach a market size of USD 70.99 billion by the end of 2030. Over the forecast period of 2024-2030, the market is projected to grow at a CAGR of 26.6%. 

One area of the electric vehicle charging business that is expanding is the market for robotic EV chargers. These chargers are made to plug into electric vehicles automatically and charge them without assistance from a person. Typically, they are made for use in public spaces like parking lots, malls, and other commercial buildings. Robotic EV chargers’ capacity to expand the number of charging stations without requiring more parking places is one of their key advantages. The chargers can be installed in constrained spaces or in places where it would be challenging to build a conventional charging station because they are made to travel independently to and from automobiles. An intriguing and quickly expanding area of the electric vehicle charging business is robotic EV chargers. We may anticipate continued growth and innovation in this sector over the next years as a result of arising demand for electric vehicles and developments in autonomous vehicle technology. 

Global Robotic EV Charger Market Drivers:

Growing Demand for Electric Vehicles is boosting market size.

The rising demand for electric vehicles (EVs) is one of the main factors propelling the global robotic EV charger market. An increasing number of people are choosing electric cars (EVs) as a cleaner and greener alternative to conventional gasoline-powered automobiles as worries over climate change and environmental sustainability continue to grow. Numerous factors, such as government incentives and rules, advancements in EV technology, and increased consumer acceptance of EVs are driving this trend. The market for robotic EV chargers is expanding as more consumers purchase EVs and as infrastructure for charging EVs is needed. Additionally, the demand for charging infrastructure is likely to grow even more as automakers continue to invest in EV production and expand their EV product lines, opening up new opportunities for businesses in the robotic EV charger market.

Advancements in Autonomous Vehicle Technology are fuelling market expansion.

One of the main elements boosting the global market for robotic EV chargers is the rapid development of autonomous vehicle technology. As the use of autonomous vehicles increases, automated charging solutions are becoming more and more important. The autonomy of traditional charging methods when going to and from vehicles, their ability to make the greatest use of the existing charging infrastructure, and their need for minimal human involvement make them preferable to robotic EV chargers in several ways. As a result of developments in autonomous vehicle technology, which are also fostering innovation in the robotic EV charger market, companies are creating new and improved charging solutions that can communicate with autonomous vehicle systems and provide real-time data on charging status and battery health.

Global Robotic EV Charger Market Challenges:

One of the key problems the global market for EV chargers is facing is the high initial cost of constructing and maintaining robotic charging infrastructure. Robotic EV chargers can be more expensive to build and operate than standard charging systems since they are more expensive and challenging to set up. Companies might also find it difficult to invest in cutting-edge robotic charging systems, particularly in underdeveloped countries or regions with limited access to EV charging infrastructure. The reason for this is that it can occasionally be difficult to acquire funds and other financial options for charging infrastructure. As a result, companies operating in the robotic EV charger market may encounter difficulties convincing potential customers to buy their products and services, especially in the early stages of the industry's development.

COVID-19 Impact on Global Robotic EV Charger Market:

One of the main negative outcomes has been a halt in market expansion brought on by supply chain disruptions, a fall in EV demand, and delays in efforts to build charging infrastructure. Due to this, some companies in the robotic EV charger sector were compelled to put off or abandon expansion plans and financial commitments. The epidemic has accelerated EV adoption and the need for charging infrastructure in some regions, particularly in Europe and Asia. As businesses and government agencies concentrate more focus on sustainability and the transition to a low-carbon economy, there will likely be an increase in the demand for EVs and charging infrastructure. Businesses operating in the robotic EV charger sector will have new opportunities as a result of this.

Global Robotic EV Charger Market Recent Developments:

• In December 2020, Volkswagen created a charging robot prototype that can maneuver parking lots and charge EVs without assistance from a person. The objective is to demonstrate how the manufacturer intends to increase the availability of charging stations to handle the rising demand as more electric vehicles are created and sold. Over the next ten years, Volkswagen plans to introduce dozens of electric vehicle models, and the Volkswagen brand wants to build and sell 1.5 million electric vehicles by the year 2025. Volkswagen's dedication to electrification and environmentally friendly transportation is demonstrated by the transportable EV charger concept.

• In July 2020, The Magni robot now has a wireless charging kit and fleet power optimization software owing to a partnership between Seattle-based WiBotic and Ubiquity Robotics. WiBotic specializes in wireless charging and power optimization solutions for a variety of robots, including aerial, mobile, and marine ones. Magni robots will be more efficient and productive thanks to the collaboration because they will be able to charge their batteries on their own without help from a human. A novel wireless charging kit and fleet power optimization software have been created to meet the growing need for wireless charging solutions in the robotics industry.

ROBOTIC EV CHARGER MARKET REPORT COVERAGE:

Global Robotic EV Charger Market Segmentation: By Vehicle Type

• Passenger Vehicle

• Commercial Vehicle

By kind of vehicle—passenger vehicles and commercial vehicles—the robotic EV charger market can be divided. Due to the rising demand for electric passenger vehicles and the availability of government incentives and subsidies for EV customers, the passenger vehicle sector is anticipated to hold the biggest market share during the projection period. The rising usage of electric buses and trucks in urban transportation networks is predicted to fuel rapid growth in the commercial vehicle market. It is anticipated that the necessity for effective and automated charging solutions that can decrease downtime and improve fleet efficiency will fuel the demand for robotic EV chargers in this market. Innovative robotic charging solutions are being developed by major market participants that can fit a variety of vehicle sizes and types while also integrating with current fleet management and charging infrastructure systems.

Global Robotic EV Charger Market Segmentation: By End-User

• Public

• Private

Public and private end users can be used to segment the global robotic EV charger market. As more people and businesses adopt EVs for private usage, the private sector is also anticipated to expand quickly. Robotic EV charger demand in this market is anticipated to be driven by the need for practical and effective charging solutions that can meet the needs of both small- and medium-sized fleets and individual EV users. The leading market companies are creating cutting-edge robotic charging systems that can be tailored to match the requirements of various end users while also delivering real-time data on charging status and usage patterns to optimize charging infrastructure and enhance the overall user experience.  

Global Robotic EV Charger Market Segmentation: By Charging Levels

• Level 1

• Level 2

• Level 3

 Based on the charging level segmentation, level 2 charging held the highest market share of the total market in 2022. It is the most common type of charging used in public stations due to its ideal overnight charging speed and nature.

Global Robotic EV Charger Market Segmentation: By Component

• Sensors

• Camera

• Connectors

Component-wise, the robotic EV charger market can be divided into segments for sensors, cameras, and connectors. Due to the growing use of sensors for precise positioning and navigation of robotic charging systems, the sensors sector is anticipated to hold the biggest market share over the projection period. The demand for real-time monitoring and management of robotic charging systems, which can be assisted by camera-based systems, is likely to drive the growth of the camera segment as well. The demand for high-quality, dependable connectors that can enable quick and efficient charging of EVs is predicted to fuel consistent growth in the connectors industry.

Global Robotic EV Charger Market Segmentation: By Electric Vehicle Type

• Battery Electric Vehicle

• Plug-in Hybrid Vehicle

• Hybrid Electric Vehicle

The BEV segment is projected to grow significantly during the forecast period due to increasing consumer demand for eco-friendly and energy-efficient vehicles. According to a report by the International Energy Agency (IEA), the global BEV stock exceeded 7.2 million vehicles in 2020, with a year-on-year increase of 41%. This growth is primarily driven by government initiatives & subsidies to promote electric vehicles and reduce carbon emissions. The PHEV segment is also projected to witness significant growth in the coming years due to its lower operating costs and higher fuel efficiency compared to traditional gasoline vehicles. The FCEV segment is still in its nascent stage, but it is projected to grow in the future with technological advancements and increasing demand for sustainable transportation solutions.

Global Robotic EV Charger Market Segmentation: By Region

• North America

• Europe

• Asia Pacific

• South America

• Middle East & Africa

Additionally, the North American, European, Asian Pacific, South American, Middle Eastern, and African regions can be used to segment the global robotic EV charger market. Due to the rising EV adoption and the availability of government incentives and subsidies for EV customers in nations like China and India, the Asia Pacific region is anticipated to hold the biggest market share over the projection period. The necessity for effective charging infrastructure and the rising demand for sustainable transportation options are likely to fuel substantial growth in the North American and European areas as well. Due to their developing infrastructure and early-stage EV adoption, the regions of South America and the Middle East & Africa are anticipated to grow more slowly.

Global Robotic EV Charger Market Key Players:

1. SMP Robotics Systems Corp.

2. Clearpath Robotics Inc.

3. Fetch Robotics Inc.

4. Nidec Corp.

5. Mobile Industrial Robots AS

6. PAL Robotics SL

7. Paul Vahle GmbH & Co. KG

8. RGGI

9. OMRON Corp.

10. WiBotic