To improve the website's functionality, we use cookies, including third-party cookies. Read our Privacy Policy for more information
I AgreeAnalysis of Metals in Electric Vehicle Charging Infrastructure market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The global sales of metals in electric vehicle charging infrastructure garnered a market value of US$ 1 Bn in 2021 and is expected to register a staggering double digit CAGR of 18% by accumulating a market value of US$ 10 Bn through the assessment period 2022-2032. In 2022, the market is forecast to reach US$ 2 Bn.
Report Attributes |
Details |
Market Size Value in 2022 |
US$ 2 Bn |
Project Market Forecast Value in 2032 |
US$ 10 Bn |
Global Growth Rate (2022-2032) |
18% |
Market Share of Asia Pacific |
50% |
Key Companies Profiled |
|
Increase in air pollution is causing a major threat to human life. Thus, the adoption of electric vehicles across the globe is on a surge. Furthermore, to charge electric vehicles, the demand for charging stations has increased. As raw metals play a crucial part in the infrastructure of electric charging stations, the demand for the same is expected to rise in the upcoming assessment period.
Don't Need a Global Report?
Save 40% on Country & Region specific reports
As per Fact.MR’s report, from 2015 to 2021, the global sales of metals in electric vehicle charging infrastructure expanded at a CAGR of 12%, surpassing a valuation of US$ 1 Bn by the end of 2021. Surging popularity of EVs in the wake of the quest to reduce automobile emissions is bolstering growth prospects to a significant extent.
During the COVID-19 pandemic, growth prospects took a backseat through most of 2020, attributed to crunches in automotive manufacturing experienced as a result of mandatory lockdowns. Curbs on manufacturing activity led to restricted output, especially of metals and other material, leading to supply constraints. Fortunately, since 2021, prospects have begun exhibiting a gradual resurgence, as the restrictions lift and normalcy is ushered in.
Rapid integration of electric vehicles in our daily life is on a rise. To charge these vehicles, charging stations are a must. Thus, manufacturers are focusing on improving the infrastructure of charging stations to make them corrosion resistant. Thus, the sales of metals in electric vehicle charging infrastructure are expected to exceed US$ 10 Bn by registering a CAGR of 18% in the forecast period 2022-2032.
Increasing prices of fuels along with increase in air pollution is posing threat to the environment. In addition, penetration of key market players for producing electric vehicles is rising the demand for charging stations. Moreover, adoption of electric vehicles is not only limited to two wheelers, but is also extended to three and four wheelers. Thus, countries like U.S and India are investing in charging stations.
As these stations are exposed to weather, the chances of them getting damaged and affecting the productivity rate are high. Thus, charging station owners are focusing on investing in raw materials that are resistant to corrosion and enhance conductivity. Thus, the demand for metals in electric vehicle charging infrastructure is increasing.
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
A charging station consists of electricity meter, housing, control and operating system, switch and fuses. These components require metals. For example, housings require aluminum or steel, and the electrical components make use of critical metals. This, in turn, is increasing investments in the EV industry across different economies.
In addition, in 2021, the President of U.S. introduced a USD 2 trillion infrastructure bill to prioritize a national EV charging network. This bill states the promise of installing at least 500 thousand devices 2030. Moreover, the U.S. is among the leading consumers of the market for metals in electric vehicle charging infrastructure.
Furthermore, developing countries such as Brazil and India are also expected to invite large investments. Thus, due to the aforementioned factors the demand for metals in electric vehicle charging infrastructure are expected to increase.
Dominating presence of automakers across Germany, including Bayerische Motoren Werke AG (BMW), Daimler AG, Groupe Renault, and Volkswagen are making collaborative efforts to set up a series of fast electric vehicle chargers in the region.
Furthermore, well-established automobile manufacturers such as Ford, Tesla and Nissan, are investing in infrastructure for producing EVs. This, in turn, is expected to positively influence the demand for metals in electric vehicle charging infrastructure. Thus, Europe is expected to hold more than 30% market share for metals in electric vehicle charging infrastructure.
Growing demand for EVs in countries like India and China is driving the growth for metals in electric vehicle charging infrastructure. Moreover, countries like India are speeding up their infrastructure facilities to increase the adoption of EVs in the country through schemes like the Faster Adoption and Manufacturing of Electric Vehicles.
Thus, Asia Pacific is expected to dominate the market for metals in electric vehicle charging infrastructure by possessing more than 50% market share in the forecast period.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Copper is largely used in cables, wiring, and charging units in electric panels. Moreover, nearly 3.5kg of copper is required for making one charging station. In addition, owing to low cost and superior strength, steel is preferred over aluminum for housing of charging infrastructure.
Thus, by metals, copper is expected to account for more than 30% market share metals in electric vehicle charging infrastructure.
Increasing investments for developing stations in commercial places is driving the demand for metals in electric vehicle charging infrastructure. Moreover, overnight charging at individual homes or residential complexes is not adequate for long-distance journeys. In addition, government initiatives are increasing the demand for metals.
Owing to the above factors, by end use, commercial segment is expected to hold more than 75% market share for metals in electric vehicle charging infrastructure.
Attribute |
Details |
Forecast Period |
2022-2032 |
Historical Data Available for |
2015-2021 |
Market Analysis |
|
Key Regions Covered |
|
Key Countries Covered |
|
Key Segments Covered |
|
- Premium Report Details -
- Let's Connect -
- Quick Contact -
- Get Started -
Get insights that lead to new growth opportunities
Buy NowGet A Special pricing for start-ups and universities
Enquiry Before Buying- Humble, Yet Honored -
As of 2021, the market for metals in electric vehicle charging infrastructure reached nearly US$ 1 Bn
As of 2022, demand for metals in electric vehicle charging infrastructure is expected to be valued at US$ 2 Bn
From 2015 to 2021, sales of metals in EV charging infrastructure surged at a CAGR of 12%
The metals in electric vehicle charging infrastructure industry is expected to surpass a CAGR of 18% from 2022-2032.
The metals in electric vehicle charging infrastructure market is expected to reach nearly US$ 10 Bn by 2032
JSW, Alcoa Corporation, Rio Tinto, Glencore, KGHM, Rusal, CODELCO, First Quantum Minerals Ltd, Emirates Global Aluminum (EGA), Norsk Hydro ASA are prominent metals in electric vehicle charging infrastructure market players.
Copper is expected to account for more than 30% market share metals in electric vehicle charging infrastructure.
Commercial segment is expected to hold more than 75% market share for metals in electric vehicle charging infrastructure.
The metals in electric vehicle charging infrastructure industry is expected to possess nearly 45% market share throughout North America.
The metals in electric vehicle charging infrastructure industry is expected to possess nearly 40% market share throughout Asia Pacific.