The North America electric vehicle charging system market is set to develop at a CAGR of 48.18% over the forecasting years of 2021 to 2028. The market growth of the region is accredited to chief factors, such as the widespread adoption of BEVs and PHEVs, the implementation of several federal policies, the incentive programs initiated by the government, and the presence of leading players.
NORTH AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET FORECAST 2021-2028
North America Electric Vehicle Charging System Market by Product Type (Home Charging Systems, Commercial Charging Systems) Market by Mode of Charging (Plug-in Charging System (Level 1, Level 2, Level 3), Wireless Charging System) and by Geography
The North America electric vehicle charging system market is set to develop at a CAGR of 48.18% over the forecasting years of 2021 to 2028. The market growth of the region is accredited to chief factors, such as the widespread adoption of BEVs and PHEVs, the implementation of several federal policies, the incentive programs initiated by the government, and the presence of leading players.
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The North America electric vehicle charging system market growth analysis includes the assessment of the United States and Canada. As one of the most technologically advanced countries worldwide, the United States is the center of interest for leading electric vehicle manufacturers and electric vehicle charger manufacturers. These include ChargePoint, Tesla, General Motors, Ford, Proterra, and others. Presently, the United States dominates the electric vehicle charging system market across North America in terms of sales. The growth is primarily attributed to the favorable economic conditions, leading to consumers’ increasing disposable incomes.
On the other hand, according to the World Bank, the United States’ population is estimated to grow to nearly 357 million by 2028, with approximately 78% of the population accounting for urban and well-connected sub-urban residents. As a result, the increasing demand from the country’s metropolitan population is set to play a significant driver, fueling the electric vehicle technology development over the upcoming years. Hence, these factors are expected to facilitate the electric vehicle charging system market growth in the United States.
ChargePoint, headquartered in the United States, possesses one of the largest networks of electric vehicle charging points globally. The company enables customers to reserve, locate, transact, and authenticate electric vehicle charging sessions. As a part of its networked charging systems, subscriptions, as well as other offerings, the company also delivers an open platform, connecting systems over an intelligent network.
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- RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- SCOPE OF STUDY
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
- EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- MARKET OVERVIEW
- MARKET DYNAMICS
- DEVELOPMENT OF ELECTRIC VEHICLE CHARGING TECHNOLOGY
- KEY DRIVERS
- GROWTH IN ELECTRIC VEHICLE INDUSTRY
- RISING ENVIRONMENT POLLUTION CONCERNS
- GOVERNMENTAL PUSH FOR ELECTRIC VEHICLE INDUSTRY
- TECHNOLOGICAL ADVANCEMENTS
- PHASE-OUT PLANS OF INTERNAL COMBUSTION ENGINE VEHICLES BY VARIOUS COUNTRIES
- KEY RESTRAINTS
- HIGH COSTS OF ELECTRIC VEHICLE CHARGING INFRASTRUCTURE
- LACK OF STANDARDIZATION
- HIGH CHARGING TIME
- COMPETITION FROM HYDROGEN FUEL CELL VEHICLES
- KEY ANALYTICS
- IMPACT OF COVID-19 ON ELECTRIC VEHICLE CHARGING SYSTEM MARKET
- KEY INVESTMENT INSIGHTS
- PORTER’S FIVE FORCES ANALYSIS
- BUYERS POWER
- SUPPLIERS POWER
- SUBSTITUTION
- NEW ENTRANTS
- INDUSTRY RIVALRY
- OPPORTUNITY MATRIX
- VENDOR LANDSCAPE
- INCENTIVES FOR ELECTRIC VEHICLE CHARGING SYSTEM MARKET
- VALUE CHAIN ANALYSIS
- MARKET BY PRODUCT TYPE
- HOME CHARGING SYSTEMS
- COMMERCIAL CHARGING SYSTEMS
- MARKET BY MODE OF CHARGING
- PLUG-IN CHARGING SYSTEM
- LEVEL 1
- LEVEL 2
- LEVEL 3
- WIRELESS CHARGING SYSTEM
- PLUG-IN CHARGING SYSTEM
- GEOGRAPHICAL ANALYSIS
- NORTH AMERICA
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- UNITED STATES
- CANADA
- NORTH AMERICA
- COMPETITIVE LANDSCAPE
- KEY STRATEGIC DEVELOPMENTS
- MERGERS & ACQUISITIONS
- PRODUCT LAUNCHES & DEVELOPMENTS
- PARTNERSHIPS & AGREEMENTS
- BUSINESS EXPANSIONS & DIVESTURES
- COMPANY PROFILES
- ABB LTD
- ALFEN
- ALLEGO
- BLINK
- CHARGEPOINT
- DELTA ELECTRONICS INC
- EATON
- EFACEC
- EVBOX
- EVGO
- SCHNEIDER ELECTRIC
- SEMACONNECT
- SIEMENS
- TESLA
- WEBASTO
- KEY STRATEGIC DEVELOPMENTS
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT – ELECTRIC VEHICLE CHARGING SYSTEM
TABLE 2: COUNTRY-WISE PHASE-OUT PLANS FOR ICE VEHICLES
TABLE 3: INCENTIVES FOR NORTH AMERICA
TABLE 4: NORTH AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY PRODUCT TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 5: NORTH AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY PRODUCT TYPE, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 6: NORTH AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY MODE OF CHARGING, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 7: NORTH AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY MODE OF CHARGING, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 8: NORTH AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY CHARGING VOLTAGE LEVEL, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 9: NORTH AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY CHARGING VOLTAGE LEVEL, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 10: ADVANTAGES & DISADVANTAGES OF WIRELESS CHARGING SYSTEM
TABLE 11: NORTH AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 12: NORTH AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 13: LIST OF MERGERS & ACQUISITIONS
TABLE 14: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 15: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 16: LIST OF BUSINESS EXPANSIONS & DIVESTITURES
LIST OF FIGURES
FIGURE 1: LITHIUM-ION BATTERY PRICE PER KWH (2010-2018)
FIGURE 2: KEY INVESTMENT INSIGHTS
FIGURE 3: PORTER’S FIVE FORCES ANALYSIS
FIGURE 4: OPPORTUNITY MATRIX
FIGURE 5: VENDOR LANDSCAPE
FIGURE 6: VALUE CHAIN ANALYSIS
FIGURE 7: NORTH AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, GROWTH POTENTIAL, BY PRODUCT TYPE, IN 2020
FIGURE 8: NORTH AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY HOME CHARGING SYSTEMS, 2021-2028 (IN $ MILLION)
FIGURE 9: NORTH AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY COMMERCIAL CHARGING SYSTEMS, 2021-2028 (IN $ MILLION)
FIGURE 10: NORTH AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, GROWTH POTENTIAL, BY MODE OF CHARGING, IN 2020
FIGURE 11: NORTH AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY PLUG-IN CHARGING SYSTEM, 2021-2028 (IN $ MILLION)
FIGURE 12: NORTH AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, GROWTH POTENTIAL, BY CHARGING VOLTAGE LEVEL, IN 2020
FIGURE 13: NORTH AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY LEVEL 1, 2021-2028 (IN $ MILLION)
FIGURE 14: NORTH AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY LEVEL 2, 2021-2028 (IN $ MILLION)
FIGURE 15: NORTH AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY LEVEL 3, 2021-2028 (IN $ MILLION)
FIGURE 16: NORTH AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY WIRELESS CHARGING SYSTEM, 2021-2028 (IN $ MILLION)
FIGURE 17: NORTH AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 18: UNITED STATES ELECTRIC VEHICLE CHARGING SYSTEM MARKET, 2021-2028 (IN $ MILLION)
FIGURE 19: CANADA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, 2021-2028 (IN $ MILLION)
- GEOGRAPHICAL ANALYSIS
- NORTH AMERICA
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- UNITED STATES
- CANADA
- NORTH AMERICA
- MARKET BY PRODUCT TYPE
- HOME CHARGING SYSTEMS
- COMMERCIAL CHARGING SYSTEMS
- MARKET BY MODE OF CHARGING
- PLUG-IN CHARGING SYSTEM
- LEVEL 1
- LEVEL 2
- LEVEL 3
- WIRELESS CHARGING SYSTEM
- PLUG-IN CHARGING SYSTEM
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