North America Electric Vehicle (EV) Charging Station Infrastructure Market Highlights 2020-2029
The North America electric vehicle (EV) charging station infrastructure market is projected to exhibit a significant CAGR during the forecast period, i.e., 2021-2029. The market is thriving on account of the growing adoption of electric vehicles in nations such as the United States and Canada, and the need for a robust infrastructure for charging electric vehicles. The sales of Electric Vehicles in the United States, according to the statistics by the Transportation Research Center at the Argonne National Laboratory, grew from 10,100 vehicles in 2011 to 242,000 in the year 2019.
Moreover, the availability of a large number of electric vehicle charging stations in the region is also anticipated to contribute to the market growth. According to the statistics by the Alternative Fuels Data Center (AFDC) of the U.S. Department of Energy (DOE), there are 47,673 publicly accessible EV charging stations, along with 114,958 charging outlets in the U.S. and Canada.
The market is segmented by level of charging into level 1, 2, 3, and DC fast charging. Among these segments, the level 2 charging segment is projected to hold the largest market share by the end of 2021. The level 2 charging station utilizes 208V commercial or 240V residential power to supply between 6A and 80A. The charging equipment is compatible with almost all plug-in electric hybrid vehicles and electric vehicles. The level 2 charger provides a faster charging speed than the level 1 charger and the cord can easily be connected to the same connector location used for level 1 charging equipment. These chargers are usually found in public parking areas and both commercial and residential settings. In the other statistics by the AFDC, there are 42,690 publicly available stations and 93400 charging outlets with level 2 charger types in the U.S. and Canada. CLICK TO DOWNLOAD SAMPLE REPORT
North America Electric Vehicle (EV) Charging Station Infrastructure Market Geographical Synopsis
The North America EV charging station infrastructure market is segmented on the basis of geography into the United States, and Canada. Among these nations, the market in the United States is anticipated to hold the largest share by the end of 2029, backed by the presence of several charging stations in the nation, along with the availability of numerous vehicle manufacturers that offer EVs with different charger and connector types.
Market Segmentation
Our in-depth analysis of the North America electric vehicle charging station infrastructure market includes the following segments:
By Type of Charging Station
- Inductive
- AC
- DC Charging Station
By Level of Charging
- Level 1
- Level 2
- Level 3
- DC Fast Charging
By Type of Charger
- Slow
- Moderate
- Fast
- Ultra-Fast
By Connector Type
- J1772
- CCS
- CHAdeMO
- Tesla
By Application
- Commercial
- Residential
Growth Drivers
- Rising Adoption of EVs
- Increasing Need for Developing an EV Charging Infrastructure Network
Challenges
- High Initial Upfront Cost of Deploying EV Chargers
Top Featured Companies Dominating the Market
- Leviton Manufacturing Co., Inc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Developments
- Regional Presence
- SWOT Analysis
- SemaConnect Inc.
- Schneider Electric
- Siemens USA
- Tesla, Inc.
- Shell Group of Companies
- Blink Charging Co.
- Webasto Group
- ChargePoint, Inc.
- ABB Ltd.