Metals In Electric Vehicle Charging Infrastructure Market (By Metals: Copper, Steel, Aluminum; By Charging Port: Level 1, Level 2, DC Fast Charger (Level 3); By End-use: Commercial, Private) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 20222030

The global metals in electric vehicle charging infrastructure market size was valued at USD 1.3 billion in 2021, and is predicted to be worth around USD 12.6 billion by 2030, registering a CAGR of 28.1% during the forecast period 2022 to 2030.

Growth Factors

The surging demand for Electric Vehicles (EVs) across the world has augmented the need for charging infrastructure, which is expected to propel the consumption of metals over the forecast period. According to the International Energy Agency (IEA), consumer expenditure on EVs exceeded USD 120 billion in 2020. Moreover, various initiatives by governments around the world aimed at the mitigation of carbon emissions have led to the increase in the production of EVs.

An increase in the global demand for Electric Vehicles (EVs) and favorable government policies for developing EV charging infrastructure are driving the market. The requirement for charging stations is rising in order to normalize the utilization of EVs as any other fuel-driven vehicle. This in turn has augmented investments as the EV drivers should be safeguarded that charging stations are in close proximities. This in turn is expected to augment the consumption of metals that are crucial raw materials in the charging infrastructure for EVs.

Report Coverage

By Metal Analysis

Based on metals, the copper segment accounted for the largest revenue share of over 27.0% in 2021 and this trend is expected to continue over the forecast period. Around 3.5kg of copper is used in making one charging station. Copper is used in cables, charging units, and wiring in electric panels.

Steel was the second-largest segment of the market for metals in electric vehicle charging infrastructure in 2021. Due to its low cost and superior strength, steel is preferred over aluminum for housing charging infrastructure. The CHAdeMO charging system utilizes steel for housings and many EV manufacturers including Tesla and Nissan have invested heavily in CHAdeMO, thereby driving the demand for steel over the forecast period.

Other metals include precious metals like silver and other metal alloys. The consumption of precious metals like silver in EV chargers is expected to grow at a substantial rate over the forecast period owing to its high conductivity and corrosion resistance properties.

By End-use Analysis

Based on end-use, the commercial segment accounted for the largest revenue share of over 79.0% in 2021. The segment is expected to follow the same trend across the forecast period.

Rising efforts for developing stations in commercial places as overnight charging at individual homes or residential complexes are anticipated not to be adequate for long-distance journeys.

EV chargers for residential end-users have substantial growth potential as they cost less and are more convenient. The increase in global demand must be supported by strong infrastructures, resulting in the development of innovative chargers for the private segment.

By Charging Port Analysis

The level 3 segment dominated the metals in electric vehicle charging infrastructure market and accounted for the largest revenue share of over 79.0% in 2021. The segment is expected to continue its dominance over the forecast period. 

The increased adoption of EVs and the preference of vehicle owners to charge vehicles at their homes are the factors leading to the increase in demand for level 1 chargers. 

Level 2 chargers are mostly used for daily charging purposes, and they are usually installed at workplaces, residential complexes, and other establishments.

By Regional Analysis

Asia Pacific dominated the market for metals in electric vehicle charging infrastructure and held the largest revenue share of over 55.0% in 2021. Growing demand for EVs in this region is anticipated to benefit market growth.

In North America, the market for metals in electric vehicle charging infrastructure is anticipated to register a CAGR of 22.1%, in terms of revenue, over the forecast period.

With the presence of well-established automobile manufacturers such as Tesla, Nissan, and Ford and suitable infrastructure for producing EVs, market growth is expected from this region.

In Europe, the market accounted for the second-largest revenue share in 2021, which is attributable to the widespread adoption of EVs in the region. leading automakers across Europe, including Bayerische Motoren Werke AG (BMW), Daimler AG, Groupe Renault, and Volkswagen have collaborated to set up a series of fast electric vehicle chargers in the region, which is further anticipated to augment metals demand over the coming years.

Key Players

• Alcoa Corporation

• CODELCO

• Emirates Global Aluminum (EGA)

• First Quantum Minerals Ltd.

• Glencore

• JSW

• KGHM

• Norsk Hydro ASA

• Rio Tinto

• Rusal

Market Segmentation

• By Metals 

  • Copper

  • Steel

  • Aluminum

  • Others

• By Charging Port 

  • Level 1

  • Level 2

  • DC Fast Charger (Level 3)

• By End-use

  • Commercial

  • Private

• Regional

  •  North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • U.K.

    • France

    • Russia

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

  • Latin America

    • Brazil

    • Mexico

  • Middle East & Africa

    • GCC

The metals in electric vehicle charging infrastructure market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of metals in electric vehicle charging infrastructure market for the base year 2022 and the forecast between 2022 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global metals in electric vehicle charging infrastructure market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the metals in electric vehicle charging infrastructure market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted metals in electric vehicle charging infrastructure market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the metals in electric vehicle charging infrastructure capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of metals in electric vehicle charging infrastructure by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global metals in electric vehicle charging infrastructure market. These figures have been provided in terms of both revenue and volume for the period 2019 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major metals in electric vehicle charging infrastructure market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of metals in electric vehicle charging infrastructure market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the metals in electric vehicle charging infrastructure industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

metals in electric vehicle charging infrastructure market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to metals in electric vehicle charging infrastructure market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of metals in electric vehicle charging infrastructure market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new metals in electric vehicle charging infrastructure market. These factors have benefited the growth of the global market for metals in electric vehicle charging infrastructure. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for metals in electric vehicle charging infrastructure. The global market is segmented on the basis of region, application, end-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of metals in electric vehicle charging infrastructure are as follows:

• History Year: 2019-2021

• Base Year: 2022

• Forecast Year 2022  to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

The study objectives of this report are:

• To analyze and study the global market capacity, production, value, consumption, status (2019-2022) and forecast (2022-2030);
• Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• To define, describe and forecast the market by type, application and region.
• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
• To identify significant trends and factors driving or inhibiting the market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
• To strategically profile the key players and comprehensively analyze their growth strategies.