The increasing popularity of Electric Truck Heavy Duty Charging Market boost the growth of the global Heavy Duty Charging market at a CAGR of 23.3% during the forecast period 2023 to 2032

Market Research Future (MRFR) has published on the “Global Electric Truck and Heavy Duty Charging Market”.

The Electric Truck and Heavy Duty Charging market is estimated to register a CAGR of 23.1% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Electric Truck and Heavy Duty Charging market— ABB¸ Siemens¸ Bombardier¸ Kempower¸ Tesla¸ Proterra, ChargePoint, Inc., Efacec, CharIN e.V., EVgo Services LLC, Foton Motor Inc., BYD Company Ltd., Daimler Truck AG, Nikola Corporation, PACCAR Inc, Dongfeng Motor Company, SAIC Hongyan, Sany, Tesla, and Volvo.

Market Highlights

The global Heavy Duty Charging market is accounted for to register a CAGR of 23.3% during the forecast period and is estimated to reach USD 65,309.0 million by 2032.

The global Electric Truck and Heavy Duty Charging market is accounted for to register a CAGR of 22.9% during the forecast period and is estimated to reach USD 31,198.3 million by 2032.

The rapidly growing demand for electric vehicles (EVs) is driving the escalating demand for the Heavy-Duty Charging Market. As the global shift towards eco-friendly and sustainable transportation gains momentum, the need for efficient and robust charging infrastructure becomes increasingly important. The surge in EV adoption, marked by record-breaking sales exceeding 10 million globally in 2022, represents a 55% increase from the previous year, highlighting the rapid growth trajectory of EV adoption.

In 2022, EVs achieved a substantial market share of 14%, despite a 3% dip in total car sales, demonstrating the increasing consumer preference for electric mobility. Government incentives and spending, with approximately USD 40 billion in direct purchase incentives in 2022, contribute to fostering the growth of the EV market. Automaker commitments and targets, such as Mitsubishi's aim for 100% EV sales by 2035, indicate a broader industry shift away from Internal Combustion Engine (ICE) vehicles.

Companies like SAIC-GM-Wuling in China, which is targeting annual sales of 1 million New Energy Vehicles (NEVs) by 2023, exemplify the regional and global focus on EV production. Investment trends and financial implications, such as the 50% increase in revenues from EV sales in 2022, suggest a notable transition towards electric mobility. This accelerating adoption of EVs, supported by substantial investments, ambitious targets by automakers, and increasing consumer interest, drives the growth of the Heavy-Duty Charging Market. The need for robust charging infrastructure and efficient software solutions is essential to support this transformative shift toward sustainable and electric transportation.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Electric Truck and Heavy Duty Charging Market Research Report

Segment Analysis

The global Electric Truck and Heavy Duty Charging market has been segmented based on Truck Type, Propulsion Type, Application, Charger Type, Standard, Charging Method, and Charging Station.

Based on truck type the global electric truck and heavy duty charging market is segmented into light-duty electric trucks, medium-duty electric trucks, and heavy-duty electric trucks. Light-duty electric trucks would be the majority shareholder in 2022, contributing around 40.1% to the market revenue. Governments in various countries have implemented stringent regulations aimed at arresting the rising levels of vehicular pollution. Battery electric trucks are heavier than light trucks, can tow larger loads, and can operate for longer periods of time, requiring more power.

Based on Propulsion Type the global electric truck and heavy duty charging market is segmented into Battery Electric Trucks (BEVs), Hybrid Electric Trucks (HEVs), Plug-in Hybrid Electric Trucks (PHEVs), Fuel Cell Electric Trucks (FCEVs). Battery Electric Trucks (BEVs) would be the majority shareholder in 2022, contributing around 54.6% to the market revenue. Battery electric vehicles (BEVs) use energy stored in batteries that are charged with electricity from the grid. Electric vehicles (FCEVs) equipped with fuel cell technology run on hydrogen, which is converted to electricity while driving.

Based on type the global Electric Truck and Heavy Duty Charging market is segmented into AC Charging Station and DC Charging Station. AC Charging Station held the majority share in 2022. AC charging stations, also known as AC charging stations, are a type of electric vehicle (EV) charging infrastructure that uses the standard electrical grid. These convert alternating current from the grid into the direct current required by electric vehicle batteries through an integrated charger. AC charging stations are generally slower than DC charging stations and typically provide between 3 and 22 kilowatts (kW) of charging power.

Based on application the global electric truck and heavy duty charging market is segmented into delivery trucks, refuse collection trucks, vocational trucks, long-haul trucks and others. Delivery Trucks would be the majority shareholder in 2022, contributing around 34.7% to the market revenue. With online shopping and e-commerce on the rise, delivery trucks play a critical role in smoothly moving goods and products from warehouses to consumers' doorsteps.

Based on charger type the global electric truck and heavy duty charging market is segmented into DC charger and AC charger. DC charger is further segmented into wall mounted chargers and pedestal mounted chargers. AC Charger would be the majority shareholder in 2022, contributing around 61.4% to the market revenue. AC charging stations, also known as AC charging stations, are a type of electric vehicle (EV) charging infrastructure that uses the standard electrical grid. 

Based on Standard the global electric truck and heavy duty charging market is segmented into Megawatt Charging System (MCS), Combined Charging System (CCS), and Others. The Megawatt Charging System (MCS) is a charging connector under development for large battery electric vehicles. This connector provides a charging rating of up to 3.75 megawatts (3,000 amps at 1,250 volts direct current (DC)).

Based on Charging Method the global electric truck and heavy duty charging market is segmented into Fast Charging and Slow Charging. Fast Charging would be the majority shareholder in 2022, contributing around 65.1% to the market revenue. The biggest advantage of using fast-charging batteries is that in most cases, you "own" the battery, giving you more control over the charge and discharge cycles.

Regional Analysis

By Region, the study provides market insights into North America, Europe, Asia-Pacific, Middle East and Africa and South America. The number of fast chargers increased by 330,000 globally in 2022. Asia-Pacific dominates the Electric Truck and Heavy Duty Charging market in 2022. Asia Pacific is likely to be the largest contributor to the Electric Truck and Heavy Duty Charging market. This includes countries such as China, Japan, India, South Korea, Thailand, Taiwan, Malaysia, Vietnam and Rest of Asia-Pacific. The electric vehicle Electric Truck and Heavy Duty Charging market in Asia Pacific has grown significantly in recent years and is expected to continue to grow rapidly. Several start-ups and established players have entered the market to meet this demand. As supportive government policies and initiatives drive the uptake of electric vehicles across the region, demand for public charging infrastructure is rapidly increasing. China was once again the front runner, accounting for around 60% of global electric vehicle sales. More than half of the electric vehicles on the world's roads are now in China, and the country's new energy vehicle sales have already exceeded the 2025 target. China accounts for total of 760 000 fast chargers.

North America is one of the fastest growing markets for Electric Truck and Heavy Duty Charging in the world. The United States installed 6,300 fast chargers in 2022, about three-quarters of which were Tesla Superchargers. The total stock of fast chargers reached 28 000 at the end of 2022. Deployment is expected to accelerate in the coming years following government approval of the National Electric Vehicle Infrastructure Formula Program (NEVI).

In Europe the overall fast charger stock numbered over 70 000 by the end of 2022, an increase of around 55% compared to 2021. The countries with the largest fast charger stock are Germany (over 12 000), France (9 700) and Norway (9 000).

Key Findings of the Study

• The global Heavy Duty Charging market is expected to reach USD 65,309.0 million by 2032, at a CAGR of 23.3% during the forecast period.


• The global Electric Truck market is expected to reach USD 31,198.3 million by 2032, at a CAGR of 22.9% during the forecast period.


• The North America region accounted for the fastest-growing global market


• Based on Truck Type, the Light-duty Electric Trucks segment was attributed to holding the largest market in 2022, with an approximate market share of 48.02%.


• ABB¸ Siemens¸ Bombardier¸ Kempower¸ Tesla¸ Proterra, ChargePoint, Inc., Efacec, CharIN e.V., EVgo Services LLC, Foton Motor Inc., BYD Company Ltd., Daimler Truck AG, Nikola Corporation, PACCAR Inc, Dongfeng Motor Company, SAIC Hongyan, Sany, Tesla, and Volvo are some of the players in the market.