2024 Global New Energy Vehicle & Aftermarket Exploding!

According to relevant forecasts and analysis, the market size of the charging pile industry is expected to continue to grow rapidly in 2024, mainly due to the following factors:
Policy and Market Driven:
The charging pile industry will be driven by both policy and market, and the market size is expected to realize rapid growth
.
The country has introduced a series of policies to support the construction of new energy vehicles and charging infrastructure, which will further promote the expansion of the charging pile market
.
Forecast Data:
According to the data, global sales of charging piles reached 2.76 million units in 2022, and are expected to grow to more than 4.51 million units by 2024, with a year-on-year growth rate of more than 25% maintained
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China’s charging pile market size is expected to expand rapidly with the growth of new energy vehicle sales, bringing more development opportunities for the industry
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These trends indicate that the market size of the charging pile industry will continue to show rapid growth in 2024, driven by policy support and demand for new energy vehicle markets.

The technology trends in the Charging Pile industry to 2024 include the following key points:
Market Status and Forecast:
China’s new energy vehicle production and sales volume grew rapidly in 2023 and is expected to reach around 11.5 million units in 2024, accounting for one-third of the automotive market
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By the end of 2023, the cumulative number of charging infrastructures in the country was 8,596,000 units, an increase of 65% year-on-year. The pace of charging infrastructure construction is expected to continue to outpace development in 20245
.
Charging Module Development:
Charging module products to higher power development, 20kW and 30kW, 40kW each accounted for half of the market, 40kW charging module sales growth significantly
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Charging module price competition is fierce, and the price decreased from about 0.8 yuan/watt in 2015 to about 0.13 yuan/watt by the end of 2019. Price competition has led to some enterprises being forced to eliminate or transform
.
Public DC charging piles:
Public DC piles nationwide reached 1.203 million units by the end of 2023 and are expected to reach 1.729 million units in 2024. The growth volume of public DC piles shows an accelerated development trend
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These trends indicate that the charging pile industry will continue to develop rapidly in 2024 to accommodate the growth of the new energy vehicle market and technological upgrades.