The Market Trend of EV Chargers in 2025

People are increasingly fond of new energy vehicles that do not require refueling and are powered by electricity. As an increasing number of people opt in to new energy vehicles, the EV chargers have also benefited from the trend and shown many promising development opportunities. It is predicted that by 2025, the popularity of EV charger business will soar to unprecedented heights. 

A. Market Size and Ownership:

1. It is generally agreed that in 2025, EV chargers will be lucrative business as the total market value has the potential of exceeding USD 100 billion milestone!

2. By 2025, there will be an astonishing number of charging stations across the globe with some of which being supercharging stations, perhaps 20 million, a steep rise from the 2.62 million in 2021. In Germany, the plan of completing 1 million EV charging stations by 2030 is in progress, and there is also a plan to add an EV charging station to every gasoline store. In the metropolis of Munich, there are already a great many EV charging stations to create convenient charging experience for charge owners.

B. Technological Innovation and Intelligent Upgrades: 

The new technology trends of EV chargers in 2025 mainly include the improvement of charging speed and power, the optimization of charging facility availability, and the development of green and efficient charging. The following is a detailed analysis:

1. Improvement of charging speed and power:

(1) EV chargers vary in charging efficiency due to power difference, thus divided into three types: slow charging, fast charging, and super-charging. Especially the super EV charger in supercharging stations, the kind with a power of more than 250 kW, is a big star in long-distance driving or in the service area of highway!

2. There is a new breakthrough in EV technology with charging voltage jumping from 500V to 800V. As a result, the power of the super charger will be 350 kW compared to that of 60 kW commonly seen. The result is MARUIKEL’s famous slogan: Fully Charged within a Cup of Coffee!

3. Optimization of Charging Facility Availability:

In the future, charging stations will be omnipresent, whether in factories, mining sites, roadsides, or seaside scenic spots with poor environments. This requires charging facilities to be particularly reliable, and to sustain the harsh conditions like hot or humid weather, or even salty or dusty working environments.

In the future, the durability and reliability of EV charging stations will play a bigger role. Moreover, from parts to the entire system, they will have to conform to demanding quality standards to ensure that charging stations will have fewer failures and longer uptime. Therefore, charging station operators will make a good fortune from the investment.

4. Green and Efficient Development

By 2025, there will be about 85 million EVs on the road worldwide, and they will consume more than 700 billion kWh of electricity in a single year! If we can shorten the charging time a little bit, for example, 3% faster, we can save 8.5 billion kWh of electricity, reduce 6 million tons of carbon dioxide into the air to contribute to carbon neutral, and save more than USD 6 billion in electricity bills. Therefore, the EV charger industry has the privilege of contributing to environmental protection by technological innovations. 

In addition, by that time, the technology of EV chargers will have many new highlights. The issues of paramount importance are charging speed, durability and reliability of equipment as well as environmental friendliness. These new technologies and trends will definitely usher in mounting prosperity to the EV charger business, thereby facilitating the ubiquitousness of EV chargers. 

C. Business Model and Service Innovation:

1. There will be more shared charging stations and EV chargers, which everyone can share, and everyone does not have to buy or build them. This is convenient and economical.

2. This implies that in the foreseeable future, new energy vehicles and the power grid will form a seamless and cooperative partnership, much like bosom friends. They'll be able to communicate with one another and offer mutual assistance. Whenever new energy vehicles have a power surplus, they can feed it back into the power grid, thus generating some additional income. Conversely, if the power grid detects a power shortage in the vehicles, it can automatically recharge them. Through such an interactive mechanism, the utilization of electricity for everyone will become more convenient, more environmentally friendly, and more efficient.

D. Competition Landscape and Market Development:

1. Looking into the future, charging stations and EV chargers are set to undergo a remarkable transformation, evolving into more sustainable, high-speed, and intelligent entities. Leveraging cutting-edge technologies and innovative designs, they will ensure that every ounce of electricity is put to optimal use, avoiding any potential wastage. This not only translates into a significant stride towards greener earth but also holds the promise of easing the financial burden on consumers.

2. What’s more, the EV chargers will demonstrate remarkable sophistication. They will operate with minimal disruption to the surrounding environment and people, maintaining an extremely low noise level so as not to disturb those nearby. In terms of electromagnetic radiation, they will be engineered to emit only negligible levels that pose no threat to human health, safeguarding users and bystanders alike.

E. Eco-friendliness and Sustainable Development:

1. Green and efficient

Charging infrastructure will place emphasis on green and efficient use, and through technological innovation and station design optimization, combined with local access and comprehensive dispatch of new energy sources such as photovoltaics and energy storage, efficient use of energy and reduce carbon footprints will be achieved.

2. Sustainability

Future charging devices will be designed with a higher level of consideration. They will operate without disrupting people's daily lives and without emitting harmful electromagnetic waves. Additionally, they will interact harmoniously with the power grid, avoiding any additional strain or congestion. Their overall operation will strive to maintain a balanced and comfortable state for both the surrounding environment and the power grid infrastructure.

F. Security, Trust and Privacy Protection

1. Charging facilities are required to possess high reliability and durability, with a minimal likelihood of failure. They must also ensure safety and be capable of operating steadily and flawlessly regardless of environmental fluctuations. Their design and construction should be such that they can withstand various conditions and continue to function optimally, providing users with a consistent and trustworthy charging experience.

2. Charging facilities must be like a "network security guard", able to block villains who want to disrupt or steal data through the Internet and ensure that the information and process are safe during charging.

The EV charger industry is currently in the phases of intense competition. To establish a solid footing, every player must spare no efforts to offer top-notch products, impeccable service, and competitive costs. Fortunately, the global demand for EV chargers is on the rise. There is a universal aspiration to bring in charging equipment more environmentally friendly and highly efficient, aligning with the new energy trend. By minimizing carbon emissions and alleviating the burden on our planet, the EV charger industry can progress towards greater green.