The North America electric vehicle charger market is anticipated to grow at a significant rate during the forecast period (2019-2025). North America is one of the regions with a high number of electric vehicle manufacturers including Tesla which has been a major factor in the growth of the market. In November 2020, Tesla Inc has announced the setting up of 20,000 charging stations across the US with the offer of free lifetime charging across all its charging stations in the US for Model S and Model X SUVs.
Additionally, coherent government regulations for electric vehicles and their charging infrastructure, and substantial expenditure by the government and private companies in the construction of charging infrastructure in the region are also expected to drive the North American electric vehicle charger industry.
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The high average cost of IC motor vehicles is another significant factor in the growth of the industry. Some of the major electric vehicle companies operating in the area include BMW AG, Audi AG, Ford Motors Co., Jaguar Land Rover, Tesla, Inc., Volkswagen AG, and so on. Companies are expected to invest a substantial amount in the construction of charging infrastructure in the country, which in turn will propel the market growth in coming years. For instance, in May 2019 Volkswagen AG aims to develop 2,000 charging stations under its Electrify America program.
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Market Coverage
- The market number available for – 2018-2025
- Base year- 2018
- Forecast period- 2019-2025
- Segment Covered- Ownership, Charger Type, and Connector Type
- Region Covered- North America
- Competitive Landscape- ABB Ltd., Tesla, Inc., Webasto SE, Blink Charging Co., ChargePoint, Inc., Eaton Corp., Schneider Electric SE, SemaConnect, Inc., and Siemens AG
Key Questions Addressed by the Report
- What is the market growth rate?
- Which segment dominates the market in the base year?
- Which segment will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
North America Electric Vehicle Charger Market Report Segment
By Ownership
- Public
- Private
By Charger type
- Slow Charger
- Fast Charger
By Connector
- AC Connectors
- DC Connectors
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
