North America Electric Vehicle (EV) Charging Market by Charging Type (Off-Board Top-Down Pantograph, On-Board Bottom-Up Pantograph, and Charging Via Connector), Charging Voltage Level (Level 1 (<3.7 KW), Level 2 (3.7–22 KW), and Level 3 (Above 22 KW)), Ch

North America Electric Vehicle (EV) Charging Market by Charging Type (Off-Board Top-Down Pantograph, On-Board Bottom-Up Pantograph, and Charging Via Connector), Charging Voltage Level (Level 1 (<3.7 KW), Level 2 (3.7–22 KW), and Level 3 (Above 22 KW)), Charger Type (Slow Charger and Fast Charger), Vehicle Charging (AC, DC, Inductive Charging), Application (Commercial and Residential), Commercial (Commercial Public EV Charging Stations, On-Road Charging and Commercial Private EV Charging Stations), Installation Type (Portable Charger and Fixed Charger), IoT Connectivity (Non-Connected Charging Stations and Smart Connected Charging Stations (Networked)) and Charging Standard (CCS, CHADEMO & GB/T, Type 1/Normal Charging, Tesla Super Charger, Type-2, and Level 3) – Opportunity Analysis and Industry Forecast 2023–2030

North America Electric Vehicle (EV) Charging Market was valued at USD 1.12 billion in 2022, and is predicted to reach USD 11.15 billion by 2030, with a CAGR of 33.9% from 2023 to 2030.

The market for EV charging in North America is steadily growing due to factors such as the emphasis by government bodies on EV infrastructure across the region boosting the demand for the EV charging market. For instance, in June 2022, the U.S. Transportation Department (USDOT) proposed minimum standards and requirements for EV charging projects funded under a USD 5 billion government program. This proposal would require government-funded EV charging stations to use DC fast chargers and have at least four ports capable of simultaneously charging four EVs and each must be at or above 150 kW. Moreover, it also bars charging stations from requiring a membership to use them.

However, lack of incentives and worries about the high installation costs of EV charger installation could prevent the growth of the sector. One of the biggest barriers to the expansion of this business is the high initial cost of level 3 and ultra-fast chargers. While level 1 and level 2 chargers can take anything from 6 to 16 hours to fully charge, consumers typically charge their fossil fuel vehicles in 5 to 7 minutes.

Fast chargers that can charge EVs in under 30 minutes are therefore in demand on the market. A level 3 charging station can be somewhat expensive at first, though. For those who might want to transition to EVs, this could be a deterrent because a lengthy charging period might interfere with their already hectic schedules.

On the other hand, the integration of vehicle-to-grid (V2G) EV charging allows plug-in EVs and the power grid to exchange electrical energy in both directions. Electric vehicles (EVs) can store extra electricity and release it to the grid thanks to V2G technology. This may enhance the functionality of the electrical component and increase value for EV owners.

The development of this concept has made charging for electric vehicles easier, and EVs are now among people's top transportation options. As a result, the entire market for charging stations is essential for connecting the electric vehicle to the grid and enabling the vehicle to charge.

As a result, manufacturers have a great chance with the V2G charging technology because it is predicted to change the EV industry and determine how EVs will be charged in the future. Although V2G infrastructure is more beneficial than smart charging, installing V2G charging stations has a hefty up-front cost. Manufacturers of EV connectors are projected to have opportunities to produce sophisticated connectors to withstand electrical architecture due to the predictable and anticipated expansion of V2G technology.

Segment Overview

The North America Electric Vehicle (EV) Charging market industry is segmented on the basis of charging type, charging voltage level, charger type, IOT connectivity, vehicle charging, application, commercial, installation type, and charging standard.
• By charging type, the market is classified into off-board top-down pantograph, on-board bottom-up pantograph, charging via connector.
• By charging voltage level, the market is segmented into level 1 (<3.7 kw), level 2 (3.7–22 kw), level 3 (above 22 kw).
• By charger type, the market is divided into small charger, fast charger.
• By IOT connectivity, the market is segmented into non-connected charging stations, smart connected charging stations (networked).
• By vehicle charging, the market is divided into AC, DC, inductive charging.
• By application, the market is separated into commercial, residential.
• By commercial, the market is classified into commercial public EV charging stations, commercial private EV charging stations.
• By installation type, the market is divided into portable charging, fixed charging.
• By charging standard, the market is separated into CCS, chademo & GB/T, type 1/normal charging, tesla super charger, type-2, level 3.

Key Market Players

The key players in the North America Electric Vehicle (EV) Charging market research include companies such as:

KEY PLAYERS
• ABB Ltd.
• ChargePoint, Inc
• Tesla Inc
• Shell Recharge Solutions
• Star Charge
• TELD
• Siemens
• BYD
• EVgo
• Hyundai Motor Company

KEY BENEFITS
• The North America Electric Vehicle (EV) Charging market report provides a quantitative analysis of the current market and estimations from 2023 to 2030. This analysis assists in identifying the prevailing market opportunities.
• The study comprises a comprehensive analysis of the market trends, including current and future trends for depicting prevalent investment pockets in the market.
• The information related to key drivers, restraints, and opportunities and their impact on the North America Electric Vehicle (EV) Charging market is provided in the report.
• The competitive analysis of the market players along with their market share in the North America Electric Vehicle (EV) Charging market is provided in the report.
• The SWOT analysis and Porter’s Five Forces model are elaborated in the study.
• The value chain analysis in the market study provides a clear picture of the role of stakeholders. Show more