Growth in wallboxes
, 2 min reading time
Market Volume & Growth – Europe
- In 2024, the market volume for EV charging stations across Europe was approximately €28 billion. This is expected to rise to around €38 billion by 2025 – an impressive annual growth rate of approximately 36%.
- A significant portion of these charging stations are private home installations and connection points. Already, over 70% of all installations are private charging points.
Forecast (Western Europe)
- According to an assessment for Western Europe, the number of installed EV chargers will be around 0.56 million units in 2025, with a forecast of approximately 1.79 million units by 2030 – representing an annual growth of about 26%
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Focus on Home Wallboxes
- Market volume growing strongly: From ~€30 billion (2024) to ~€38 billion (2025) overall.
- Private charging points account for over two-thirds of the market – with an upward trend.
- In Western Europe alone: over half a million chargers in 2025, a large proportion of which are likely to be private wallboxes.
Conclusion
In summary:
- The EV charging system market in Europe is growing rapidly, with a projected annual volume of approximately €35 billion in 2025.
- Private charging points – including wallboxes – account for over 70% of the market, presumably a volume of over 25 billion USD/€.
- In Western Europe, approximately 560,000 new chargers are expected to be installed in **2025. A large proportion of these will be private, i.e., wallbox installations.