North America EV Charging Stations Market (2023-2030)
is projected to reach $17.6 billion by 2030, at a CAGR of 26.8% during the forecast period of 2023–2030.
- Published
- Jul 2023
- Pages
- 200
- Format
- PDF + Excel
- Report ID
- MRSE - 104535
- Base year
- 2022
- 2030 · FORECAST
- $17.60B
- 2030
- $17.60B
- CAGR 2023–2030
- 26.8%
2022 baseline · 2023–2030 forecast at 26.8% CAGR · hover a bar for the value
Key highlights
The Software Segment to Register the Highest CAGR During the Forecast Period
The Connectors Segment to Register the Highest CAGR During the Forecast Period
The Heavy Commercial Vehicles Segment to Register the Highest CAGR During the Forecast Period
The Commercial EV Charging Stations Segment to Register the Highest CAGR During Forecast Period
Report summary
| Particulars | Details |
|---|---|
| Base Year | 2022 |
| Estimated Year | 2023 |
| Forecast Period | 2023–2030 |
| Market Size (2030) | USD 17.60 billion |
| CAGR (2023–2030) | 26.8% |
| Format | PDF, Excel & Cloud Portal · 200 pages |
| Segments Covered | By Component: Hardware Electric Vehicle Supply Equipment, Cable Management Systems, Electrical Distribution Systems, Charging Station Management Systems, Smartphone Applications, Open Charge Point Protocol, Interoperability Solutions, Systems Integration & Installation, Maintenance · By Charging Type: Level 2, DC Fast Charging, Level 1 · By Connection Type: Connectors, Pantographs, Wireless Charging Static Wireless EV Charging, Dynamic Wireless EV Charging · By Mounting Type: Wall Mount, Pedestal Mount, Ceiling Mount · By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Two-wheelers & Scooters, Heavy Commercial Vehicles · By End User: Parking Spaces, Destination Chargers, Fleet Charging, Captive Charging |
| Countries Covered | North America (U.S., Canada) |
| Key Companies | ChargePoint Holdings, Inc. (U.S.), Blink Charging Co. (U.S.), ABB Ltd., Tesla, Inc. (U.S.), BP p.l.c. (U.K.), EVgo Inc.(U.S.), Shell Plc (U.K.), EVBox Group, Electrify America LLC (U.S.), AddÉnergie Technologies Inc., HANGZHOU AONENG POWER SUPPLY EQUIPMENT CO., LTD., Webasto Group, EV Charging Installers America LLC, Siemens AG |
Report overview
Segments covered: component, charging type, connection type, mounting type, vehicle type, end user. Regions: North America.
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 is 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 this market is electric vehicle charging stations powered by renewable energy.
Report infographic
Market dynamics
1 factors across 1 forceThe DC Fast Charging to Register the Highest CAGR During the Forecast Period
Among the charging types covered in this report, the DC fast charging segment is projected to register the highest CAGR during the forecast period. The increasing investments from automakers towards the development of DC fast charging station infrastructure to support their long-range battery-electric vehicle and increasing installation of DC fast chargers in public locations along highways are expected to support the growth of this segment.
Table of contents
14 chapters · 120 sections · 200 pages · click to expandSegmental analysis
| Segment | Largest share (2023) | Fastest growth (2023–2030) |
|---|---|---|
| By Components Studied in This Report | — | Software |
| By Connection Type | — | — |
| By Vehicle Type | — | Heavy commercial vehicles |
| By End User | — | Commercial EV charging stations |
By Components Studied in This Report
- The Software Segment to Register the Highest CAGR During the Forecast Period
- The software segment is projected to register the highest CAGR during the forecast period.
- The growing need for managing EV fleets in real-time and increasing transparency in electricity consumption and demand charges are expected to support the growth of this segment.
By Connection Type
- The Connectors Segment to Register the Highest CAGR During the Forecast Period
- Among all the connection types segmented in this report, the connectors segment is projected to register the highest CAGR during the forecast period.
- The increasing development and adoption of standardized connector types ensure compatibility between charging stations and electric vehicles.
- The growing need for reliable connectors to minimize the risk of electrical faults, overheating, and other potential hazards, is further expected to support this segment's growth.
By Vehicle Type
- The heavy commercial vehicles segment is projected to register the highest CAGR during the forecast period.
- The rising government subsidies & tax rebates for promoting EV adoption and the increasing adoption of electric buses and trucks for public transport and freight services are expected to support the growth of this segment.
By End User
- The commercial EV charging stations segment is projected to register the highest CAGR during the forecast period.
- The increasing government regulations and incentives for electric vehicle adoption in commercial fleets and increasing Infrastructure development for shared mobility services is expected to support the growth of this segment.
Geographic analysis
North America
Fastest growthCanada is projected to register the highest CAGR during the forecast period. The increasing EV deployment by shared mobility operators, growing government initiative for implementing a zero-emission vehicle plan, and rising government in EV charging infrastructure, as well as research and development to develop faster and more efficient charging methods, are expected to support the market growth in the country during the forecast period. Canada to be the Fastest-growing Market
Competitive landscape
- 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
- Siemens AG · Germany
Frequently asked questions
The North America electric vehicle charging station market is projected to reach $17.6 billion by 2030, at a CAGR of 26.8% during the forecast period.
Cite this report
Meticulous Research. (2023). North America Electric Vehicle Charging Stations Market - Opportunity Analysis and Industry Forecast (2023-2030) (Report No. MRSE - 104535). Meticulous Market Research Pvt. Ltd. https://www.meticulousresearch.com/product/north-america-electric-vehicle-charging-stations-market-5222