EV Charging Panelboard Market

EV Charging Panelboard Market Size and Share Forecast Outlook From 2024 to 2034

The global EV Charging Panelboard Market size reached USD 5.2 billion in 2023. Over the forecast period 2024 to 2034, EV charging panelboard demand is anticipated to rise at 17.2% CAGR.

Total market value is predicted to increase from USD 6.0 billion in 2024 to USD 29.3 billion by 2034. Demand for EV charging panelboards is projected to remain high in the individual consumers segment.

Attributes	Key Insights
EV Charging Panelboard Market Anticipated Size (2023A)	USD 5.2 billion
Estimated EV Charging Panelboard Market Value (2024E)	USD 6.0 billion
Projected EV Charging Panelboard Market Revenue (2034F)	USD 29.3 billion
Value-based EV Charging Panelboard Market CAGR (2024 to 2034)	17.2%

Top EV Charging Panelboard Market Dynamics and Industry Trends

• The electric vehicle (EV) market is experiencing rapid growth globally, catalyzing a surging demand for EV charging panelboards.
• Rapid expansion signifies a monumental shift in consumer preferences toward sustainable transportation solutions, driven by increasing adoption of electric vehicles worldwide.
• As individuals embrace electric vehicles to mitigate carbon emissions and support eco-friendly mobility options, the necessity for robust charging infrastructure, exemplified by panelboards, intensifies.
• As electric vehicles become more mainstream, the demand for reliable and efficient charging stations grows, fueling the need for sophisticated panelboard solutions to support this burgeoning market.
• Supportive government policies and incentives are accelerating expansion of the EV market, propelling demand for EV charging infrastructure, including panelboards.
• Governments in several countries are actively promoting EV adoption through measures such as subsidies, tax breaks, and regulatory mandates, stimulating consumer and company interest in electric mobility while driving growth in charging infrastructure development.
• Government initiatives incentivize widespread EV adoption and facilitate the evolution of charging infrastructure to meet escalating demand, aligning with broad environmental goals to curb greenhouse gas emissions and foster sustainable transportation solutions.
• Continuous evolution of EV charging technology, marked by advancements such as fast charging rates and enhanced safety protocols, is driving demand for advanced panelboards capable of accommodating these innovations.
• As electric vehicles become more prevalent, there is a growing need for charging solutions offering increased efficiency, convenience, and safety.
• High demand underscores the importance of panelboards equipped with the latest technological features to support the evolving requirements of modern electric vehicle infrastructure.
• It helps in highlighting the critical role played by adaptable and sophisticated panelboards in meeting the demands of consumers and companies alike.

Key Electric Vehicle Charging Equipment Panelboard Market Highlights

EV Charger Panelboard Market to Expand Around 4.9X through 2034

• The global electric vehicle charging cabinet market is predicted to expand around 4.9X through 2034, amid a 4.3% increase in expected CAGR compared to the historical one. This is due to growing demand for electric vehicles.
• Global sales of EV charging panelboards are expected to rise due to rapid population growth, increasing government initiatives for electric vehicles, and growing awareness of environmental sustainability.
• Surging need to reduce carbon emissions is anticipated to take the total EV charging panelboard market revenue to USD 29.3 billion by 2034.

East Asia to Remain the Hotbed for EV Charging Panelboard Manufacturers

East Asia is expected to retain its dominance in the market for EV charging panelboards during the forecast period. It is set to hold around 52% of the global EV charging panelboard market share in 2024. This is attributed to the following factors:

• Rapid Growth of EV Market: Countries like China, Japan, and South Korea have been witnessing significant growth in electric vehicle adoption. This surge in EV sales drives demand for EV charging infrastructure, including panelboards, to support the growing EV fleet.
• Government Support and Policies: Governments of several countries in East Asia have been proactive in promoting electric vehicles through incentives, subsidies, and supportive policies. These measures encourage consumers and companies to invest in EVs and associated charging infrastructure, contributing to high EV charging panelboard sales.
• Technological Advancements: Countries in East Asia are at the forefront of technological innovation, including advancements in EV charging infrastructure. Investments in research & development are projected to lead to the development of efficient and advanced EV charging panelboards, attracting both domestic and international customers.
• Infrastructure Development: East Asia is known for its robust infrastructure development efforts, including transportation and energy infrastructure. Governments and private entities in the region are investing heavily in expanding and upgrading EV charging networks, thereby driving demand for high-quality panelboards to support these networks.

Six-way Outgoing Configuration to Steal the Show

Six-way outgoing configuration is expected to dominate the global EV charging panelboard market with a volume share of about 24% in 2024. This growth is mainly attributed to:

• Expansion of Commercial and Public Charging Infrastructure: As the adoption of electric vehicle s (EVs) continues to increase, there is a growing need for robust charging infrastructure to support charging at commercial and public locations. This includes shopping centers, office buildings, parking garages, airports, and public transportation hubs. These large installations require multiple EV charging points to accommodate the demand from vehicles, further augmenting the need for panelboards with multiple outgoing circuits.
• Shift toward Fleet Electrification: Several commercial entities, including taxi companies, delivery services, and public transportation providers, are transitioning their fleets to electric vehicles to reduce operating costs and environmental impact. These fleet electrification efforts require robust charging infrastructure capable of supporting multiple vehicles simultaneously. Panelboards with a six-way outgoing configuration are well-suited for such applications, pushing their adoption in the commercial sector.

Comparison of Historical vs Future Outlook for the EV Charging Panelboard Market (2019 to 2023 vs 2024 to 2034)

Global sales of EV charging panelboards grew at a CAGR of 13.2% between 2019 and 2023. Total market revenue reached about USD 5.2 billion in 2023. In the forecast period, the worldwide EV charging panelboard industry is set to thrive at a CAGR of 17.2%.

Historical CAGR (2019 to 2023)	13.2%
Forecast CAGR (2024 to 2034)	17.2%

• The global EV charging panelboard market witnessed steady growth between 2019 and 2023.
• Growth was due to increasing adoption of electric vehicles (EVs) worldwide and advancements in EV charging technology.
• While the COVID-19 pandemic initially disrupted the growth of EV charging panelboard market, the long-term outlook remains positive.
• It was driven by the global shift toward electric mobility and growing emphasis on sustainable transportation solutions.

Future Scope of the EV Charging Panelboard Market

• Over the forecast period, the global EV charging panelboard market is poised to exhibit healthy growth, totaling a valuation of USD 29.3 billion by 2034.
• Growth is attributed to a combination of several factors, including continued expansion of electric vehicle adoption, government initiatives & policies, and collaborations & partnerships.

EV Charging Panelboard Market Forecast

Rapid Growth of Electric Vehicle (EV) Market

Rapid expansion of the electric vehicle (EV) market serves as a pivotal catalyst propelling the demand for EV charging panelboards. This growing trend witnessed on a global scale, underscores a fundamental shift in consumer preferences toward sustainable transportation solutions.

With a surging number of individuals opting for electric vehicles as a means of reducing carbon emissions and embracing eco-friendly mobility options, the need for robust charging infrastructure, epitomized by panelboards, intensifies correspondingly.

As electric vehicles become increasingly mainstream, the imperative for reliable and efficient charging stations becomes ever more pronounced, fueling demand for sophisticated panelboard solutions.

The burgeoning uptake of electric vehicles on a global scale is revolutionizing the automotive industry and creating high demand for EV charging panelboards. This rise in electric vehicle adoption signifies a fundamental transition toward green and sustainable transportation modes.

The EV market is placing heightened emphasis on the development of comprehensive charging infrastructure, with panelboards emerging as integral components in facilitating seamless and efficient charging processes.

Growth of the EV charging power distribution unit market is intrinsically linked to rising consumer consciousness surrounding environmental sustainability. It further underlines the pivotal role played by the burgeoning electric vehicle market in propelling advancements in charging infrastructure technology.

Government Incentives and Policies

Expansion of the electric vehicle (EV) market is fueled by a sharp uptick in demand, attributed to supportive government policies and incentives aimed at bolstering EV adoption and advancing charging infrastructure development. Governments are actively promoting EVs through measures such as subsidies, tax breaks, and regulatory mandates.

They are encouraging consumers to embrace electric mobility while spurring growth of charging infrastructure. These initiatives serve as potent drivers, incentivizing widespread adoption of EVs and facilitating the evolution of charging infrastructure to meet escalating demand.

Aligned with broad environmental goals, governments seek to curtail greenhouse gas emissions and reduce reliance on fossil fuels, emphasizing the pivotal role of EVs in achieving sustainable transportation solutions.

The embrace of EVs pushes a strategic imperative, underscored by concerted governmental efforts to accelerate the transition toward electric mobility. They have an overarching aim of addressing environmental challenges while fostering economic growth through the establishment of a robust EV ecosystem.

Ongoing Technological Advancements

The continuous evolution of EV charging technology, marked by advancements such as fast charging rates, enhanced safety protocols, and integration of smart charging functionalities, is driving demand for advanced panelboards capable of accommodating these innovations.

As electric vehicles become more prevalent, there is a growing need for charging solutions that offer increased efficiency, convenience, and safety.

Their demand highlights the importance of panelboards equipped with the latest technological features to support evolving requirements of modern EV infrastructure.

The dynamic landscape of EV charging showcases the critical role played by adaptable and sophisticated panelboards in meeting the needs of firms seeking to capitalize on the benefits of electric mobility.

Investments in Charging Infrastructure by Governments and Companies

Increasing investment in charging infrastructure, facilitated by both governmental and corporate entities, presents a promising avenue for the expansion of EV charging solutions. This concerted effort, spanning across public and private sectors, aims to bolster charging networks, particularly in urban areas and along highways.

Such investments not only demonstrate a commitment to sustainable mobility but also stimulate growth in the EV charging panelboard market, meeting the rising demand for reliable charging solutions.

In urban centers and along key transportation routes, where the need for accessible charging infrastructure is most acute, these investments promise enhanced accessibility and dependability for electric vehicle users.

Collaborative endeavors between governments and corporations foster an environment conducive to innovation in EV charging technologies.

Collaborations help in positioning EV charging panelboards as essential components in the evolving electric mobility landscape. As infrastructure continues to expand, the EV charging distribution panelboard market is poised to capitalize on this momentum.

Key Factors Restraining Growth in the EV Charging Station Panelboard Market

High Initial Investment Costs

• The EV charging panelboard market faces challenges due to high initial investment costs associated with installing charging infrastructure.
• High costs, which encompass the setup of panelboards and related components, represent a considerable financial hurdle for market entry, especially for small companies or areas with constrained budgets.
• Upfront expenses can deter investment and slow down the expansion of EV charging networks, hindering electric car charging panelboard market growth and accessibility, particularly in regions where financial resources are limited.
• Innovative approaches and strategies are needed to address these cost barriers and facilitate wide adoption of EV charging panelboards.

Charging Infrastructure Standardization Challenges

• Consumer apprehensions regarding range anxiety, stemming from the fear of running out of battery charge and prolonged charging durations for electric vehicles, pose significant challenges to the widespread adoption of EVs.
• Rising concerns impede consumer confidence and may ultimately deter individuals from transitioning to electric vehicles, consequently impacting the demand for EV charging panelboards.
• Addressing the apprehensions through advancements in battery technology, expansion of charging infrastructure, and deployment of fast-charging solutions are paramount to overcoming barriers to adoption. These are projected to augment the EV charging infrastructure panelboard market.
• Efforts to mitigate range anxiety and reduce charging times are crucial for pushing EV adoption rates and stimulating demand for EV charging panelboards.
• By enhancing the accessibility and efficiency of charging infrastructure, manufacturers can instill confidence in consumers, alleviate concerns regarding range limitations, and accelerate the transition toward electric mobility.

Analysis of Top Countries Producing, Formulating, Packaging, Distributing, and Using EV Charging Panelboards

The section highlights EV charging station market size of top countries. China, the United States, and Germany are expected to remain the top three consumers of EV charging panelboards in 2024.

The table below shows the estimated growth rates of the top countries. France, the United Kingdom, and Germany are set to record high CAGRs of 18.4%, 17.5%, and 16.9%, respectively, through 2034.

Countries	Projected EV Charging Panelboards CAGR (2024 to 2034)
France	18.4%
United Kingdom	17.5%
Germany	16.9%
China	15.4%
United States	14.3%

Expanding Electric Vehicle Charging Infrastructure Fueling the United States

The United States is projected to hold about 15% of the EV charging panelboard market share in 2024. Over the assessment period, demand for EV charging panelboards in the United States is set to rise at 14.3% CAGR.

• Escalating adoption of EVs across the United States serves as a primary catalyst, driving demand for reliable and efficient charging infrastructure.
• As both consumers and companies embrace the transition toward electric mobility, spurred by heightened environmental awareness, governmental incentives, and advancements in EV technology, the necessity for high-quality EV charging panelboards becomes increasingly pronounced.
• Governmental policies and initiatives bolster market expansion, with federal and state-level incentives such as tax credits, grants, and rebates incentivizing the installation of EV charging infrastructure.
• Regulatory mandates and emission targets exert pressure on utilities and private entities to invest in EV charging infrastructure, amplifying market growth.
• Ongoing technological innovations in EV charging technology, encompassing fast-charging capabilities, wireless charging solutions, and smart charging systems, enhance the efficiency and appeal of EV charging infrastructure.
• Manufacturers are diligently innovating and refining panelboard solutions to align with evolving needs, thereby driving market penetration.

Strict Government Norms in China Propel Demand for EV Charger Panelboards

Sales of EV charging panelboards in China are projected to soar at a CAGR of around 15.4% during the assessment period.

• China has been increasingly focusing on environmental protection and EV adaption, leading to strict regulations and incentive on buying electric vehicles.
• Demand for EV charging panelboards in China is driven by the nation's heightened emphasis on environmental conservation and widespread adoption of EVs.
• The concerted effort has spurred the implementation of stringent regulations and lucrative incentives aimed at bolstering the uptake of EVs.
• China's commitment to curbing emissions and combatting pollution has translated into substantial governmental backing and investment in EV infrastructure, encompassing charging networks and associated components like panelboards.
• With ambitious targets for EV penetration and a suite of incentives, including subsidies, tax benefits, and preferential treatment for EV purchasers, the government has catalyzed a rapid proliferation of EVs throughout the country.
• As the EV fleet continues to expand exponentially, there arises an urgent need for robust and extensive charging infrastructure, thereby propelling the EV charging panelboard market across China.

Ambitious Targets in Germany Push Demand for EV Charging Station Panelboards

Over the forecast period, the EV charging panelboard market in Germany is set to increase at a robust CAGR of 16.9%.

• Germany has been at the forefront of the global transition toward sustainable transportation, with a strong emphasis on reducing greenhouse gas emissions and combatting climate change.
• As part of its commitment, Germany has set ambitious targets for the adoption of EVs and expansion of EV charging infrastructure.
• The government has implemented several incentives and subsidies to encourage consumers to switch to EVs, driving demand for charging infrastructure, including panelboards.
• Germany boasts a robust automotive industry and is home to several leading EV manufacturers, further bolstering the demand for charging infrastructure.
• With key automakers investing heavily in electric mobility and introducing new EV models, the need for reliable and efficient charging solutions becomes paramount, thereby augmenting the EV charging panelboard market.

United Kingdom to Establish EV Charging Infrastructure Panelboards

The United Kingdom’s EV charging panelboard market is poised to exhibit a CAGR of 17.5% during the forecast period.

• Driving forces behind the growth trajectory is the significant investment commitment by the government into rapid electric car chargers, totaling USD 88 million.
• Substantial financial injection underscores the government's proactive stance toward bolstering the nation's EV charging infrastructure, thereby laying a robust foundation for the expansion of the EV charging panelboard market.
• The allocation of USD 88 million toward rapid electric car chargers signifies a strategic effort to address critical gaps in the EV charging network and enhance accessibility for EV owners across the United Kingdom.
• By investing in rapid chargers, the government aims to encourage greater adoption of EVs and alleviate range anxiety among consumers.
• The initiative not only facilitates the transition toward cleaner and more sustainable transportation but also stimulates demand for EV charging panelboards.

EV Charging Panelboard Industry Analysis by Top Investment Segments

The section below shows the residential charging segment dominating based on location type. It is forecast to thrive at 15.9% CAGR between 2024 and 2034.

Based on end-use, the individual consumers segment is anticipated to hold a dominant share in 2034. It is set to exhibit a CAGR of 15.3% during the forecast period.

Residential Electric Car Charging Panelboard to be Highly Preferred

Top Segment (Location Type)	Residential Charging
Predicted CAGR (2024 to 2034)	15.9%

In terms of location type, the residential charging segment is forecast to rise at a CAGR of 15.9% through 2034.

• Residential charging offers unparalleled convenience and accessibility for EV owners.
• With a charging station installed at home, EV owners have the flexibility to recharge their vehicles overnight, eliminating the need for frequent visits to public charging stations or workplace charging facilities.
• Residential charging provides cost savings and affordability for EV owners.
• By utilizing off-peak electricity rates and potentially leveraging renewable energy sources such as solar power, homeowners can benefit from lower charging costs compared to public charging options
• Residential charging offers privacy and security for EV owners.
• With a dedicated charging station on their property, owners can charge their vehicles in the comfort of their own homes, free from the potential inconvenience or safety concerns associated with public charging stations.
• It supports the growth of EV adoption by overcoming range anxiety. Knowing that they have a reliable charging solution at home encourages more consumers to make the switch to electric vehicles, further driving the EV charging panelboard market.

Demand for EV Charging Panelboards to Remain High for Individual Consumers

Top Segment (End-use)	Individual Consumers
Projected CAGR (2024 to 2034)	15.3%

• Growing trend toward EV adoption among individual consumers has led to increasing need for residential charging solutions.
• As more individuals opt for EVs as their primary mode of transportation, there is a corresponding surge in demand for home charging infrastructure, including panelboards.
• Individual consumers require reliable and convenient charging options at their residences to meet their daily commuting needs, further pushing the demand for EV charging panelboards.
• Expansion of residential charging infrastructure aligns with the goal of promoting sustainable transportation solutions and reducing carbon emissions.
• Governments and environmental organizations often incentivize residential EV charging installations, encouraging individual consumers to invest in EVs and associated charging infrastructure. This support contributes to the sustained demand for EV charging panelboards among individual consumers.

Competitive Landscape of the EV Charging Panelboard Market

ABB Group, Schneider Electric Siemens AG, Eaton Corporation, Legrand, Leviton Manufacturing Co., Inc., Delta Electronics, General Electric (GE), Mitsubishi Electric Corporation, and Panasonic Corporation are the leading manufacturers and suppliers of EV charging panelboards listed in the report.

Prominent producers of EV charging panelboards are persistently conducting research to create novel electrical panels for EV charging stations and improve their production capacities in response to the increasing demands of consumers.

In addition, they are exhibiting a strong desire to carry out different tactics, including collaborations, mergers, acquisitions, and facility expansions, in order to increase their market position.

A Few Leading Players Operating in the Global EV Charging Panelboard Market

• Eaton provides a wide range of EV charging panelboards. Its renowned Pow-R-Line Xpert EV charging panelboard is a convenient and affordable EV charging option for retail, multi-family, and commercial parking structures. It’s up to 10 Green Motion EV smart breaker chargers that offer revenue-grade metering, remote access, and quick AC Level 2 charging at 7.7 kW.
• Proteus offers a vast array of EV charging circuit solutions for a range of installations, including commercial, public access, home, and workplace charging. For EV chargers, the company provides a wide selection of specially made single and three-phase distribution units. It ensures client satisfaction by providing fully customized solutions in the EV charging power distribution unit landscape.

Key Coverage in the EV Charging Panelboard Market Report

• Insights into Adjacent Industries, including Solar Panel for Electric Vehicle and Charger Market, EV Charging Equipment Market and EV Charging Station Market
• Government Initiatives for Strengthening EV Charging Infrastructure
• List of Top EV Charging Solution Providers in India
• EV Solar Charging Infrastructure Market Share, Trends and Opportunities
• Renewable Energy and Electric Vehicle Charging System
• The Current State of the DC Fast-charging Market
• Information about ChargePanel, a White-label EV Charging Management Platform
• Investment Plans in the Field of Smart Charging Station Solution and Solar & Wind Panel Based EV Charging

Scope and Coverage of the EV Charging Panelboard Industry

Attribute	Details
Estimated EV Charging Panelboard Market Size (2024)	USD 6.0 billion
Projected EV Charging Panelboard Market Size (2034)	USD 29.3 billion
Anticipated Growth Rate of EV Charging Panelboard Market (2024 to 2034)	17.2%
Historical Data	2019 to 2023
Forecast Period	2024 to 2034
Quantitative Units	Value (USD billion) and Volume (units)
EV Charging Panelboard Market Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
EV Charging Panelboard Market Segments Covered	Outgoing Ways, Location Type, End-use, Region
Regions Covered	North America; Latin America; Western Europe; Eastern Europe; East Asia; South Asia & Pacific; Middle East & Africa
Key Countries Covered	United States, Canada, Mexico, Brazil, Germany, Italy, France, United Kingdom, Spain, BENELUX, NORDICS, Poland, Hungary, Balkan and Baltics, Russia, India, Association of Southeast Asian Nations, Australia and New Zealand, China, Japan, South Korea, Kingdom of Saudi Arabia, Other GCC Countries, Türkiye, Other African Union, South Africa
Key Companies Profiled	ABB Group; Schneider Electric; Siemens AG; Eaton Corporation; Legrand; Leviton Manufacturing Co., Inc.; Delta Electronics; General Electric (GE); Mitsubishi Electric Corporation; Panasonic Corporation; Fuji Electric Co., Ltd.; Electrly; Enel X

Table of Content

• 1. Executive Summary
• 2. Market Overview
• 3. Key Market Trends
• 4. Key Success Factors
• 5. Global Market Demand Analysis 2019 to 2023 and Forecast, 2024 to 2034
• 6. Global Market - Pricing Analysis
• 7. Global Market Demand (in Value or Size in USD billion) Analysis 2019 to 2023 and Forecast, 2024 to 2034
• 8. Market Background
• 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Outgoing Ways
  • 9.1. Single-way Outgoing
  • 9.2. Two-way Outgoing
  • 9.3. Four-way Outgoing
  • 9.4. Six-way Outgoing
  • 9.5. Eight-way Outgoing
  • 9.6. Twelve-way Outgoing
  • 9.7. Sixteen-way Outgoing
• 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Location Type
  • 10.1. Residential Charging
  • 10.2. Workplace Charging
  • 10.3. Public Charging
• 11. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End-use
  • 11.1. Individual Consumers
  • 11.2. Fleet Operators
  • 11.3. Commercial Entities
• 12. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region
  • 12.1. North America
  • 12.2. Latin America
  • 12.3. East Asia
  • 12.4. South Asia Pacific
  • 12.5. Western Europe
  • 12.6. Eastern Europe
  • 12.7. Middle East and Africa
• 13. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034
• 14. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034
• 15. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034
• 16. South Asia Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034
• 17. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034
• 18. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034
• 19. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034
• 20. Country-wise Market Analysis
• 21. Market Structure Analysis
• 22. Competition Analysis
  • 22.1. Eaton Corporation
  • 22.2. ABB Group
  • 22.3. Schneider Electric
  • 22.4. Siemens AG
  • 22.5. Eaton Corporation
  • 22.6. Legrand
  • 22.7. Leviton Manufacturing Co., Inc.
  • 22.8. Delta Electronics
  • 22.9. General Electric (GE)
  • 22.10. Mitsubishi Electric Corporation
  • 22.11. Panasonic Corporation
  • 22.12. Fuji Electric Co., Ltd.
  • 22.13. Electrly
  • 22.14. Enel X
  • 22.15. EVgo
• 23. Assumptions and Acronyms Used
• 24. Research Methodology

List of Tables

Table 1: Global Market Value (US$ billion) Forecast by Region, 2019 to 2034

Table 2: Global Market Volume (Units) Forecast by Region, 2019 to 2034

Table 3: Global Market Value (US$ billion) Forecast by Outgoing ways, 2019 to 2034

Table 4: Global Market Volume (Units) Forecast by Outgoing ways, 2019 to 2034

Table 5: Global Market Value (US$ billion) Forecast by Location Type, 2019 to 2034

Table 6: Global Market Volume (Units) Forecast by Location Type, 2019 to 2034

Table 7: Global Market Value (US$ billion) Forecast by End-use, 2019 to 2034

Table 8: Global Market Volume (Units) Forecast by End-use, 2019 to 2034

Table 9: North America Market Value (US$ billion) Forecast by Country, 2019 to 2034

Table 10: North America Market Volume (Units) Forecast by Country, 2019 to 2034

Table 11: North America Market Value (US$ billion) Forecast by Outgoing ways, 2019 to 2034

Table 12: North America Market Volume (Units) Forecast by Outgoing ways, 2019 to 2034

Table 13: North America Market Value (US$ billion) Forecast by Location Type, 2019 to 2034

Table 14: North America Market Volume (Units) Forecast by Location Type, 2019 to 2034

Table 15: North America Market Value (US$ billion) Forecast by End-use, 2019 to 2034

Table 16: North America Market Volume (Units) Forecast by End-use, 2019 to 2034

Table 17: Latin America Market Value (US$ billion) Forecast by Country, 2019 to 2034

Table 18: Latin America Market Volume (Units) Forecast by Country, 2019 to 2034

Table 19: Latin America Market Value (US$ billion) Forecast by Outgoing ways, 2019 to 2034

Table 20: Latin America Market Volume (Units) Forecast by Outgoing ways, 2019 to 2034

Table 21: Latin America Market Value (US$ billion) Forecast by Location Type, 2019 to 2034

Table 22: Latin America Market Volume (Units) Forecast by Location Type, 2019 to 2034

Table 23: Latin America Market Value (US$ billion) Forecast by End-use, 2019 to 2034

Table 24: Latin America Market Volume (Units) Forecast by End-use, 2019 to 2034

Table 25: Western Europe Market Value (US$ billion) Forecast by Country, 2019 to 2034

Table 26: Western Europe Market Volume (Units) Forecast by Country, 2019 to 2034

Table 27: Western Europe Market Value (US$ billion) Forecast by Outgoing ways, 2019 to 2034

Table 28: Western Europe Market Volume (Units) Forecast by Outgoing ways, 2019 to 2034

Table 29: Western Europe Market Value (US$ billion) Forecast by Location Type, 2019 to 2034

Table 30: Western Europe Market Volume (Units) Forecast by Location Type, 2019 to 2034

Table 31: Western Europe Market Value (US$ billion) Forecast by End-use, 2019 to 2034

Table 32: Western Europe Market Volume (Units) Forecast by End-use, 2019 to 2034

Table 33: Eastern Europe Market Value (US$ billion) Forecast by Country, 2019 to 2034

Table 34: Eastern Europe Market Volume (Units) Forecast by Country, 2019 to 2034

Table 35: Eastern Europe Market Value (US$ billion) Forecast by Outgoing ways, 2019 to 2034

Table 36: Eastern Europe Market Volume (Units) Forecast by Outgoing ways, 2019 to 2034

Table 37: Eastern Europe Market Value (US$ billion) Forecast by Location Type, 2019 to 2034

Table 38: Eastern Europe Market Volume (Units) Forecast by Location Type, 2019 to 2034

Table 39: Eastern Europe Market Value (US$ billion) Forecast by End-use, 2019 to 2034

Table 40: Eastern Europe Market Volume (Units) Forecast by End-use, 2019 to 2034

Table 41: East Asia Market Value (US$ billion) Forecast by Country, 2019 to 2034

Table 42: East Asia Market Volume (Units) Forecast by Country, 2019 to 2034

Table 43: East Asia Market Value (US$ billion) Forecast by Outgoing ways, 2019 to 2034

Table 44: East Asia Market Volume (Units) Forecast by Outgoing ways, 2019 to 2034

Table 45: East Asia Market Value (US$ billion) Forecast by Location Type, 2019 to 2034

Table 46: East Asia Market Volume (Units) Forecast by Location Type, 2019 to 2034

Table 47: East Asia Market Value (US$ billion) Forecast by End-use, 2019 to 2034

Table 48: East Asia Market Volume (Units) Forecast by End-use, 2019 to 2034

Table 49: South Asia Pacific Market Value (US$ billion) Forecast by Country, 2019 to 2034

Table 50: South Asia Pacific Market Volume (Units) Forecast by Country, 2019 to 2034

Table 51: South Asia Pacific Market Value (US$ billion) Forecast by Outgoing ways, 2019 to 2034

Table 52: South Asia Pacific Market Volume (Units) Forecast by Outgoing ways, 2019 to 2034

Table 53: South Asia Pacific Market Value (US$ billion) Forecast by Location Type, 2019 to 2034

Table 54: South Asia Pacific Market Volume (Units) Forecast by Location Type, 2019 to 2034

Table 55: South Asia Pacific Market Value (US$ billion) Forecast by End-use, 2019 to 2034

Table 56: South Asia Pacific Market Volume (Units) Forecast by End-use, 2019 to 2034

Table 57: Middle East & Africa Market Value (US$ billion) Forecast by Country, 2019 to 2034

Table 58: Middle East & Africa Market Volume (Units) Forecast by Country, 2019 to 2034

Table 59: Middle East & Africa Market Value (US$ billion) Forecast by Outgoing ways, 2019 to 2034

Table 60: Middle East & Africa Market Volume (Units) Forecast by Outgoing ways, 2019 to 2034

Table 61: Middle East & Africa Market Value (US$ billion) Forecast by Location Type, 2019 to 2034

Table 62: Middle East & Africa Market Volume (Units) Forecast by Location Type, 2019 to 2034

Table 63: Middle East & Africa Market Value (US$ billion) Forecast by End-use, 2019 to 2034

Table 64: Middle East & Africa Market Volume (Units) Forecast by End-use, 2019 to 2034

List of Figures

Figure 1: Global Market Value (US$ billion) by Outgoing ways, 2024 to 2034

Figure 2: Global Market Value (US$ billion) by Location Type, 2024 to 2034

Figure 3: Global Market Value (US$ billion) by End-use, 2024 to 2034

Figure 4: Global Market Value (US$ billion) by Region, 2024 to 2034

Figure 5: Global Market Value (US$ billion) Analysis by Region, 2019 to 2034

Figure 6: Global Market Volume (Units) Analysis by Region, 2019 to 2034

Figure 7: Global Market Value Share (%) and BPS Analysis by Region, 2024 to 2034

Figure 8: Global Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034

Figure 9: Global Market Value (US$ billion) Analysis by Outgoing ways, 2019 to 2034

Figure 10: Global Market Volume (Units) Analysis by Outgoing ways, 2019 to 2034

Figure 11: Global Market Value Share (%) and BPS Analysis by Outgoing ways, 2024 to 2034

Figure 12: Global Market Y-o-Y Growth (%) Projections by Outgoing ways, 2024 to 2034

Figure 13: Global Market Value (US$ billion) Analysis by Location Type, 2019 to 2034

Figure 14: Global Market Volume (Units) Analysis by Location Type, 2019 to 2034

Figure 15: Global Market Value Share (%) and BPS Analysis by Location Type, 2024 to 2034

Figure 16: Global Market Y-o-Y Growth (%) Projections by Location Type, 2024 to 2034

Figure 17: Global Market Value (US$ billion) Analysis by End-use, 2019 to 2034

Figure 18: Global Market Volume (Units) Analysis by End-use, 2019 to 2034

Figure 19: Global Market Value Share (%) and BPS Analysis by End-use, 2024 to 2034

Figure 20: Global Market Y-o-Y Growth (%) Projections by End-use, 2024 to 2034

Figure 21: Global Market Attractiveness by Outgoing ways, 2024 to 2034

Figure 22: Global Market Attractiveness by Location Type, 2024 to 2034

Figure 23: Global Market Attractiveness by End-use, 2024 to 2034

Figure 24: Global Market Attractiveness by Region, 2024 to 2034

Figure 25: North America Market Value (US$ billion) by Outgoing ways, 2024 to 2034

Figure 26: North America Market Value (US$ billion) by Location Type, 2024 to 2034

Figure 27: North America Market Value (US$ billion) by End-use, 2024 to 2034

Figure 28: North America Market Value (US$ billion) by Country, 2024 to 2034

Figure 29: North America Market Value (US$ billion) Analysis by Country, 2019 to 2034

Figure 30: North America Market Volume (Units) Analysis by Country, 2019 to 2034

Figure 31: North America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 32: North America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 33: North America Market Value (US$ billion) Analysis by Outgoing ways, 2019 to 2034

Figure 34: North America Market Volume (Units) Analysis by Outgoing ways, 2019 to 2034

Figure 35: North America Market Value Share (%) and BPS Analysis by Outgoing ways, 2024 to 2034

Figure 36: North America Market Y-o-Y Growth (%) Projections by Outgoing ways, 2024 to 2034

Figure 37: North America Market Value (US$ billion) Analysis by Location Type, 2019 to 2034

Figure 38: North America Market Volume (Units) Analysis by Location Type, 2019 to 2034

Figure 39: North America Market Value Share (%) and BPS Analysis by Location Type, 2024 to 2034

Figure 40: North America Market Y-o-Y Growth (%) Projections by Location Type, 2024 to 2034

Figure 41: North America Market Value (US$ billion) Analysis by End-use, 2019 to 2034

Figure 42: North America Market Volume (Units) Analysis by End-use, 2019 to 2034

Figure 43: North America Market Value Share (%) and BPS Analysis by End-use, 2024 to 2034

Figure 44: North America Market Y-o-Y Growth (%) Projections by End-use, 2024 to 2034

Figure 45: North America Market Attractiveness by Outgoing ways, 2024 to 2034

Figure 46: North America Market Attractiveness by Location Type, 2024 to 2034

Figure 47: North America Market Attractiveness by End-use, 2024 to 2034

Figure 48: North America Market Attractiveness by Country, 2024 to 2034

Figure 49: Latin America Market Value (US$ billion) by Outgoing ways, 2024 to 2034

Figure 50: Latin America Market Value (US$ billion) by Location Type, 2024 to 2034

Figure 51: Latin America Market Value (US$ billion) by End-use, 2024 to 2034

Figure 52: Latin America Market Value (US$ billion) by Country, 2024 to 2034

Figure 53: Latin America Market Value (US$ billion) Analysis by Country, 2019 to 2034

Figure 54: Latin America Market Volume (Units) Analysis by Country, 2019 to 2034

Figure 55: Latin America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 57: Latin America Market Value (US$ billion) Analysis by Outgoing ways, 2019 to 2034

Figure 58: Latin America Market Volume (Units) Analysis by Outgoing ways, 2019 to 2034

Figure 59: Latin America Market Value Share (%) and BPS Analysis by Outgoing ways, 2024 to 2034

Figure 60: Latin America Market Y-o-Y Growth (%) Projections by Outgoing ways, 2024 to 2034

Figure 61: Latin America Market Value (US$ billion) Analysis by Location Type, 2019 to 2034

Figure 62: Latin America Market Volume (Units) Analysis by Location Type, 2019 to 2034

Figure 63: Latin America Market Value Share (%) and BPS Analysis by Location Type, 2024 to 2034

Figure 64: Latin America Market Y-o-Y Growth (%) Projections by Location Type, 2024 to 2034

Figure 65: Latin America Market Value (US$ billion) Analysis by End-use, 2019 to 2034

Figure 66: Latin America Market Volume (Units) Analysis by End-use, 2019 to 2034

Figure 67: Latin America Market Value Share (%) and BPS Analysis by End-use, 2024 to 2034

Figure 68: Latin America Market Y-o-Y Growth (%) Projections by End-use, 2024 to 2034

Figure 69: Latin America Market Attractiveness by Outgoing ways, 2024 to 2034

Figure 70: Latin America Market Attractiveness by Location Type, 2024 to 2034

Figure 71: Latin America Market Attractiveness by End-use, 2024 to 2034

Figure 72: Latin America Market Attractiveness by Country, 2024 to 2034

Figure 73: Western Europe Market Value (US$ billion) by Outgoing ways, 2024 to 2034

Figure 74: Western Europe Market Value (US$ billion) by Location Type, 2024 to 2034

Figure 75: Western Europe Market Value (US$ billion) by End-use, 2024 to 2034

Figure 76: Western Europe Market Value (US$ billion) by Country, 2024 to 2034

Figure 77: Western Europe Market Value (US$ billion) Analysis by Country, 2019 to 2034

Figure 78: Western Europe Market Volume (Units) Analysis by Country, 2019 to 2034

Figure 79: Western Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 80: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 81: Western Europe Market Value (US$ billion) Analysis by Outgoing ways, 2019 to 2034

Figure 82: Western Europe Market Volume (Units) Analysis by Outgoing ways, 2019 to 2034

Figure 83: Western Europe Market Value Share (%) and BPS Analysis by Outgoing ways, 2024 to 2034

Figure 84: Western Europe Market Y-o-Y Growth (%) Projections by Outgoing ways, 2024 to 2034

Figure 85: Western Europe Market Value (US$ billion) Analysis by Location Type, 2019 to 2034

Figure 86: Western Europe Market Volume (Units) Analysis by Location Type, 2019 to 2034

Figure 87: Western Europe Market Value Share (%) and BPS Analysis by Location Type, 2024 to 2034

Figure 88: Western Europe Market Y-o-Y Growth (%) Projections by Location Type, 2024 to 2034

Figure 89: Western Europe Market Value (US$ billion) Analysis by End-use, 2019 to 2034

Figure 90: Western Europe Market Volume (Units) Analysis by End-use, 2019 to 2034

Figure 91: Western Europe Market Value Share (%) and BPS Analysis by End-use, 2024 to 2034

Figure 92: Western Europe Market Y-o-Y Growth (%) Projections by End-use, 2024 to 2034

Figure 93: Western Europe Market Attractiveness by Outgoing ways, 2024 to 2034

Figure 94: Western Europe Market Attractiveness by Location Type, 2024 to 2034

Figure 95: Western Europe Market Attractiveness by End-use, 2024 to 2034

Figure 96: Western Europe Market Attractiveness by Country, 2024 to 2034

Figure 97: Eastern Europe Market Value (US$ billion) by Outgoing ways, 2024 to 2034

Figure 98: Eastern Europe Market Value (US$ billion) by Location Type, 2024 to 2034

Figure 99: Eastern Europe Market Value (US$ billion) by End-use, 2024 to 2034

Figure 100: Eastern Europe Market Value (US$ billion) by Country, 2024 to 2034

Figure 101: Eastern Europe Market Value (US$ billion) Analysis by Country, 2019 to 2034

Figure 102: Eastern Europe Market Volume (Units) Analysis by Country, 2019 to 2034

Figure 103: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 104: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 105: Eastern Europe Market Value (US$ billion) Analysis by Outgoing ways, 2019 to 2034

Figure 106: Eastern Europe Market Volume (Units) Analysis by Outgoing ways, 2019 to 2034

Figure 107: Eastern Europe Market Value Share (%) and BPS Analysis by Outgoing ways, 2024 to 2034

Figure 108: Eastern Europe Market Y-o-Y Growth (%) Projections by Outgoing ways, 2024 to 2034

Figure 109: Eastern Europe Market Value (US$ billion) Analysis by Location Type, 2019 to 2034

Figure 110: Eastern Europe Market Volume (Units) Analysis by Location Type, 2019 to 2034

Figure 111: Eastern Europe Market Value Share (%) and BPS Analysis by Location Type, 2024 to 2034

Figure 112: Eastern Europe Market Y-o-Y Growth (%) Projections by Location Type, 2024 to 2034

Figure 113: Eastern Europe Market Value (US$ billion) Analysis by End-use, 2019 to 2034

Figure 114: Eastern Europe Market Volume (Units) Analysis by End-use, 2019 to 2034

Figure 115: Eastern Europe Market Value Share (%) and BPS Analysis by End-use, 2024 to 2034

Figure 116: Eastern Europe Market Y-o-Y Growth (%) Projections by End-use, 2024 to 2034

Figure 117: Eastern Europe Market Attractiveness by Outgoing ways, 2024 to 2034

Figure 118: Eastern Europe Market Attractiveness by Location Type, 2024 to 2034

Figure 119: Eastern Europe Market Attractiveness by End-use, 2024 to 2034

Figure 120: Eastern Europe Market Attractiveness by Country, 2024 to 2034

Figure 121: East Asia Market Value (US$ billion) by Outgoing ways, 2024 to 2034

Figure 122: East Asia Market Value (US$ billion) by Location Type, 2024 to 2034

Figure 123: East Asia Market Value (US$ billion) by End-use, 2024 to 2034

Figure 124: East Asia Market Value (US$ billion) by Country, 2024 to 2034

Figure 125: East Asia Market Value (US$ billion) Analysis by Country, 2019 to 2034

Figure 126: East Asia Market Volume (Units) Analysis by Country, 2019 to 2034

Figure 127: East Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 128: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 129: East Asia Market Value (US$ billion) Analysis by Outgoing ways, 2019 to 2034

Figure 130: East Asia Market Volume (Units) Analysis by Outgoing ways, 2019 to 2034

Figure 131: East Asia Market Value Share (%) and BPS Analysis by Outgoing ways, 2024 to 2034

Figure 132: East Asia Market Y-o-Y Growth (%) Projections by Outgoing ways, 2024 to 2034

Figure 133: East Asia Market Value (US$ billion) Analysis by Location Type, 2019 to 2034

Figure 134: East Asia Market Volume (Units) Analysis by Location Type, 2019 to 2034

Figure 135: East Asia Market Value Share (%) and BPS Analysis by Location Type, 2024 to 2034

Figure 136: East Asia Market Y-o-Y Growth (%) Projections by Location Type, 2024 to 2034

Figure 137: East Asia Market Value (US$ billion) Analysis by End-use, 2019 to 2034

Figure 138: East Asia Market Volume (Units) Analysis by End-use, 2019 to 2034

Figure 139: East Asia Market Value Share (%) and BPS Analysis by End-use, 2024 to 2034

Figure 140: East Asia Market Y-o-Y Growth (%) Projections by End-use, 2024 to 2034

Figure 141: East Asia Market Attractiveness by Outgoing ways, 2024 to 2034

Figure 142: East Asia Market Attractiveness by Location Type, 2024 to 2034

Figure 143: East Asia Market Attractiveness by End-use, 2024 to 2034

Figure 144: East Asia Market Attractiveness by Country, 2024 to 2034

Figure 145: South Asia Pacific Market Value (US$ billion) by Outgoing ways, 2024 to 2034

Figure 146: South Asia Pacific Market Value (US$ billion) by Location Type, 2024 to 2034

Figure 147: South Asia Pacific Market Value (US$ billion) by End-use, 2024 to 2034

Figure 148: South Asia Pacific Market Value (US$ billion) by Country, 2024 to 2034

Figure 149: South Asia Pacific Market Value (US$ billion) Analysis by Country, 2019 to 2034

Figure 150: South Asia Pacific Market Volume (Units) Analysis by Country, 2019 to 2034

Figure 151: South Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 152: South Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 153: South Asia Pacific Market Value (US$ billion) Analysis by Outgoing ways, 2019 to 2034

Figure 154: South Asia Pacific Market Volume (Units) Analysis by Outgoing ways, 2019 to 2034

Figure 155: South Asia Pacific Market Value Share (%) and BPS Analysis by Outgoing ways, 2024 to 2034

Figure 156: South Asia Pacific Market Y-o-Y Growth (%) Projections by Outgoing ways, 2024 to 2034

Figure 157: South Asia Pacific Market Value (US$ billion) Analysis by Location Type, 2019 to 2034

Figure 158: South Asia Pacific Market Volume (Units) Analysis by Location Type, 2019 to 2034

Figure 159: South Asia Pacific Market Value Share (%) and BPS Analysis by Location Type, 2024 to 2034

Figure 160: South Asia Pacific Market Y-o-Y Growth (%) Projections by Location Type, 2024 to 2034

Figure 161: South Asia Pacific Market Value (US$ billion) Analysis by End-use, 2019 to 2034

Figure 162: South Asia Pacific Market Volume (Units) Analysis by End-use, 2019 to 2034

Figure 163: South Asia Pacific Market Value Share (%) and BPS Analysis by End-use, 2024 to 2034

Figure 164: South Asia Pacific Market Y-o-Y Growth (%) Projections by End-use, 2024 to 2034

Figure 165: South Asia Pacific Market Attractiveness by Outgoing ways, 2024 to 2034

Figure 166: South Asia Pacific Market Attractiveness by Location Type, 2024 to 2034

Figure 167: South Asia Pacific Market Attractiveness by End-use, 2024 to 2034

Figure 168: South Asia Pacific Market Attractiveness by Country, 2024 to 2034

Figure 169: Middle East & Africa Market Value (US$ billion) by Outgoing ways, 2024 to 2034

Figure 170: Middle East & Africa Market Value (US$ billion) by Location Type, 2024 to 2034

Figure 171: Middle East & Africa Market Value (US$ billion) by End-use, 2024 to 2034

Figure 172: Middle East & Africa Market Value (US$ billion) by Country, 2024 to 2034

Figure 173: Middle East & Africa Market Value (US$ billion) Analysis by Country, 2019 to 2034

Figure 174: Middle East & Africa Market Volume (Units) Analysis by Country, 2019 to 2034

Figure 175: Middle East & Africa Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 176: Middle East & Africa Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 177: Middle East & Africa Market Value (US$ billion) Analysis by Outgoing ways, 2019 to 2034

Figure 178: Middle East & Africa Market Volume (Units) Analysis by Outgoing ways, 2019 to 2034

Figure 179: Middle East & Africa Market Value Share (%) and BPS Analysis by Outgoing ways, 2024 to 2034

Figure 180: Middle East & Africa Market Y-o-Y Growth (%) Projections by Outgoing ways, 2024 to 2034

Figure 181: Middle East & Africa Market Value (US$ billion) Analysis by Location Type, 2019 to 2034

Figure 182: Middle East & Africa Market Volume (Units) Analysis by Location Type, 2019 to 2034

Figure 183: Middle East & Africa Market Value Share (%) and BPS Analysis by Location Type, 2024 to 2034

Figure 184: Middle East & Africa Market Y-o-Y Growth (%) Projections by Location Type, 2024 to 2034

Figure 185: Middle East & Africa Market Value (US$ billion) Analysis by End-use, 2019 to 2034

Figure 186: Middle East & Africa Market Volume (Units) Analysis by End-use, 2019 to 2034

Figure 187: Middle East & Africa Market Value Share (%) and BPS Analysis by End-use, 2024 to 2034

Figure 188: Middle East & Africa Market Y-o-Y Growth (%) Projections by End-use, 2024 to 2034

Figure 189: Middle East & Africa Market Attractiveness by Outgoing ways, 2024 to 2034

Figure 190: Middle East & Africa Market Attractiveness by Location Type, 2024 to 2034

Figure 191: Middle East & Africa Market Attractiveness by End-use, 2024 to 2034

Figure 192: Middle East & Africa Market Attractiveness by Country, 2024 to 2034