According to a new market research report titled, ‘North America
Electric Vehicle Charging Stations Market by Component, Charging Type, Connection Type (Connectors,
Wireless Charging), Mounting Type, Vehicle Type (Passenger Cars, Two-wheelers
& Scooters), End User and Geography—Forecast to 2030,’ North America
electric vehicle charging stations market is projected to reach $17.6 billion
by 2030, at a CAGR of 26.8% during the forecast period.
Electric vehicle charging stations are sites where one or more
EVSEs are installed. These sites can be residential, non-residential, or
commercial. These stations provide electric power to the vehicle and use that
to recharge the vehicle's batteries. An electric vehicle charging station,
called a charging dock, charging pile, or EVSE, includes the electrical
conductors, related equipment, software, and communications protocols that
deliver energy efficiently and safely to the vehicle.
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The growth of this market is driven by the rising incentives for
installing charging stations in workplace & residential areas and the
growing government initiative to reduce consumer barriers to EVs and
installations of charging stations. However, the lack of grid capacities to
support EV charging stations restrains the growth of this market. Furthermore,
retail MNCs' growing deployment of charging stations and increasing electric
mobility adoption are expected to create market growth opportunities. However,
the uncertainty about financing charging station installations is a major
challenge for players in this market. The latest trend in the market is
electric vehicle charging stations powered by renewable energy.
The North America electric vehicle charging stations market is
segmented by component (hardware [electric vehicle supply equipment (EVSE),
cable management systems, and electrical distribution systems], software
[charging station management systems (CSMS), smartphone applications, open
charge point protocol (OCPP), and interoperability solutions], services [system
integration & installation and maintenance]), charging type (Level 2, DC
fast charging, and Level 1), connection type (connectors, pantographs, and
wireless charging [static wireless EV charging and dynamic wireless EV
charging]), mounting type (wall mount, pedestal mount, and ceiling mount),
vehicle type (passenger cars, heavy commercial vehicles, light commercial
vehicles, and two-wheelers & scooters), end user (commercial EV charging
stations[commercial public EV charging stations {on-road charging, parking
spaces, and destination chargers} and commercial private EV charging stations
{fleet charging and captive charging}] and residential EV charging stations),
and geography. The study also evaluates industry competitors and analyses the
market at the regional and country levels.
Based on component, in 2023, the hardware segment is expected to
account for the largest share of the North America electric vehicle charging
stations market. The large market share of this segment is attributed to the
increasing government initiatives aimed at electrifying public bus fleets and
deploying associated charging infrastructure, the rising adoption of EVs, and
the increasing deployment of EV charging stations. However, the software
segment is projected to register the highest CAGR during the forecast period
due to the growing need to manage real-time EV fleets.
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Based on charging type, in 2023, the Level 2 segment is expected
to account for the largest share of the North America electric vehicle charging
stations market. The large market share of this segment is attributed to the
increasing support of longer driving ranges by providing a more substantial
charge than Level 1 chargers and government incentives and regulations to
promote the installation of Level 2 chargers. However, the DC fast charging
segment is projected to register the highest CAGR during the forecast period
due to increasing government rebates on purchasing DC fast charging stations
and the rising need to provide significantly faster charging compared to Level
2 chargers.
Based on connection type, in 2023, the connectors segment is
expected to account for the largest share of the North America electric vehicle
charging stations market. The large market share of this segment is attributed
to the growing need for reliable connectors to minimize the risk of electrical
faults, and overheating, and the increasing need for faster charging connectors
compatible with high-power DC fast charging. Also, this segment is projected to
register the highest CAGR during the forecast period.
Based on mounting type, in 2023, the pedestal mount is expected to
account for the largest share of the North America electric vehicle charging
stations market. The large market share of this segment is attributed to the
growing adoption of industrial EV fleet management and commercial charging
stations and the increasing installation of Level 2 pedestal mounts in retail
stores, supermarkets, and fuel stations. However, the wall mount segment is
projected to register the highest CAGR during the forecast period due to the
increasing use of either Level 1 or Level 2 electric vehicle supply equipment
(EVSE).
To gain more insights into the market with a detailed table of
content and figures, click here: https://www.meticulousresearch.com/product/north-america-electric-vehicle-charging-stations-market-5222?utm_source=blog&utm_medium=social&utm_campaign=product&utm_content=12-10-2023
Based on vehicle type, in 2023, the passenger cars segment is
expected to account for the largest share of the North America electric vehicle
charging stations market. The large market share of this segment is attributed
to the growing expansion of charging infrastructure networks and increasing
adoption of electric vehicles, environmental concerns, and emission
regulations. However, the heavy commercial vehicles segment is projected to
register the highest CAGR during the forecast period due to the increasing
adoption of electric mobility, public transport, and freight services.
Quick Buy – North America Electric Vehicle Charging Stations
Market - Opportunity Analysis and Industry Forecast (2023-2030), Research
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Based on end user, in 2023, the commercial EV charging stations
segment is expected to account for the largest share of the North America
electric vehicle charging stations market. The large market share of this
segment is attributed to the increasing adoption of electric vehicles in
commercial fleets for cost savings, rising government investment for commercial
EV charging stations, and increasing infrastructure development for shared
mobility services. Also, this segment is projected to register the highest CAGR
during the forecast period.
Based on country/region, in 2023, the U.S. is expected to account
for the largest share of the North America electric vehicle charging stations
market. The U.S. market share is attributed to the presence of prominent key
players, growing government initiatives to promote EV adoption and the
increasing incentives for EVs and charging stations. However, Canada is
projected to register the highest CAGR during the forecast period.
The key players operating in the North America electric vehicle
charging stations market include ChargePoint Holdings, Inc. (U.S.), Blink
Charging Co. (U.S.), ABB Ltd. (Switzerland), Tesla, Inc. (U.S.), BP p.l.c.
(U.K.), EVgo Inc.(U.S.), Shell Plc (U.K.), EVBox Group (Netherlands), Electrify
America LLC (U.S.), AddÉnergie Technologies Inc. (Canada), HANGZHOU AONENG
POWER SUPPLY EQUIPMENT CO., LTD. (China), Webasto Group (Germany), EV Charging
Installers America LLC, and Siemens AG (Germany).
TOP 10 COMPANIES IN NORTH AMERICA ELECTRIC VEHICLE CHARGING
STATIONS MARKET
Related
Research Report on:
Electric
Vehicle Charging Stations Market, by Charging Type (Level 1, Level 2, DC Fast
Charging) Connection Type (Pantograph, Connector, Wireless) Component
(Hardware, Software, Services) Mounting Type (Wall, Pedestal, Ceiling) Vehicle
Type, End User, and Geography - Global Forecast to 2030 >> https://www.meticulousresearch.com/product/electric-vehicle-charging-stations-market-5078?utm_source=blog&utm_medium=social&utm_campaign=product&utm_content=12-10-2023
10 COMPANIES IN ELECTRIC VEHICLE CHARGING
STATIONS MARKET @https://meticulousblog.org/top-10-companies-in-electric-vehicle-charging-stations-market/?utm_source=blog&utm_medium=social&utm_campaign=product&utm_content=12-10-2023
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