North America EV Charging Infrastructure Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Platform (Hardware and Services), Hardware (AC Charger and DC Charger), Charger Type (Public Chargers and Private Chargers), and IEC Mode (2, 3, and 4)
The North America EV charging infrastructure market is expected to grow from US$ 1,472.90 million in 2021 to US$ 3,275.41 million by 2028. It is estimated to grow at a CAGR of 12.1% from 2021 to 2028.
Support from Government Policies
The scaling of EV adoption across the region has resulted in the rising importance of convenient and affordable public chargers, which requires strong government support. Several governments have provided support for EV charging infrastructure by implementing measures such as direct investment to install publicly accessible chargers and incentives for EV owners to install charging points at home. Various metro cities and prominent urban center planners have taken stringent measures to support the widespread adoption of EVs, including strategic deployment of charging infrastructure and implementation of preferential/prohibited circulation or access schemes like low and zero-emission zones or differentiated circulation fees. For instance, in the US, state-level policies, like Low Carbon Fuel Standard, are fueling the EV adoption in the country, where most of the states, having specific policies to offer purchase incentives to EV buyers, are providing financial and technical assistance for installing charging infrastructure. The resilient policy support from governments of major economies across the region is accelerating the growth of the EV charging infrastructure market.
Market Overview
North America is rapidly taking up electric vehicles. According to the International Council on Clean Transportation, the US is the third-largest electric vehicle market, with around 320,000 new EV sales in 2019. As per the International Energy Agency (IEA), about 1.8 million electric vehicles (EVs) were registered in the US in 2020, more than three times the number registered in 2016. The total number of electric vehicles registered in the country increased from less than 300,000 in 2016 to more than 1.1 million in 2020. As a result, numerous states in the region are concentrating on EV infrastructure development. California, for instance, has begun to build charging station networks to aid in the broad adoption of electric vehicles. This network has almost 42,000 publicly accessible charging stations in the US. The growing number of EV charging stations in public places, such as shopping malls, restaurants, commercial buildings, parking lots, and railway stations, and increasing government initiatives to install publicly accessible charging stations, are propelling the growth of the EV Charging Infrastructure Market in North America. Furthermore, automakers have committed to making significant investments in the transition to electric mobility and the growth of the EV market in North America by 2020. Tesla, for example, has committed US$ 1 billion to the construction of a Gigafactory in Austin, Texas, to start producing Cybertruck EVs by the end of 2021. Volkswagen spent US$ 800 million upgrading its Chattanooga, Tennessee factory to make electric vehicles. Work on the upgrade began in August 2020. These factors are driving up demand for electric vehicles and creating opportunities for the North America EV Charging Infrastructure Market to flourish during the forecast period.
North America EV Charging Infrastructure Market Revenue and Forecast to 2028 (US$ Million)
North America EV Charging Infrastructure Market Segmentation
The North America EV charging infrastructure market is segmented based on operator type, platform, hardware, charger type, IEC mode, and country.
- Based on operator type, the North America EV charging infrastructure market is bifurcated into charge point operator and e-mobility service providers. Charge point operator segment held a larger market share in 2021.
- Based on platform, the North America EV charging infrastructure market is bifurcated into hardware and services. Hardware segment held a larger market share in 2021.
- Based on hardware, the North America EV charging infrastructure market is bifurcated into AC charger and DC charger. AC charger segment held a larger market share in 2021. The AC charger segment is further divided into level 1 charger (120 v) and level 2 charger (240 v).
- Based on charger type, the North America EV charging infrastructure market is bifurcated into public chargers and private chargers. Private chargers segment held a larger market share in 2021.
- Based on IEC mode, the North America EV charging infrastructure market is segmented into 2, 3, and 4. The 2 segment held a largest market share in 2021.
- Based on country, the North America EV charging infrastructure market is segmented into the US, Canada, and Mexico. The US dominated the market in 2021.
ABB Ltd.; Blink Charging Co.; BOSCH Auto Parts; Delta Electronics, Inc.; Driivz Ltd.; Eaton; EVBox; Leviton Manufacturing Co., Inc.; Siemens AG; Tesla, Inc.; Tritium; Wallbox Chargers, S.L.; and Webasto Group are the leading companies operating in the North America EV charging infrastructure market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America EV Charging Infrastructure Market – By Operator Type
1.3.2 North America EV Charging Infrastructure Market – By Platform
1.3.3 North America EV Charging Infrastructure Market – By Hardware
1.3.4 North America EV Charging Infrastructure Market – By Charger Type
1.3.5 North America EV Charging Infrastructure Market – By IEC Mode
1.3.6 North America EV Charging Infrastructure Market- By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America EV Charging Infrastructure Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America EV Charging Infrastructure Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rise in Production and Sales of Electric Vehicles
5.1.2 Growing Support from Government Policies
5.2 Market Restraints
5.2.1 Lack of Uniformity in Charging Standards
5.3 Market Opportunities
5.3.1 Demand for EV Charging in Commercial Buildings
5.4 Future Trends
5.4.1 Smart Charging and Connected Infrastructure
5.5 Impact Analysis of Drivers and Restraints
6. EV Charging Infrastructure Market –North America Analysis
6.1 North America EV Charging Infrastructure Market Overview
6.2 North America EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
7. North America EV Charging Infrastructure Market Analysis – By Operator Type
7.1 Overview
7.2 North America EV Charging Infrastructure Market, By Platform (2020 and 2028)
7.3 Charge Point Operator (CPO)
7.3.1 Overview
7.3.2 Charge Point Operator (CPO): EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
7.4 E-Mobility Service Providers (EMSP)
7.4.1 Overview
7.4.2 E-Mobility Service Providers (EMSP): EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
8. North America EV Charging Infrastructure Market Analysis – By Platform
8.1 Overview
8.2 North America EV Charging Infrastructure Market, By Platform (2020 and 2028)
8.3 Hardware
8.3.1 Overview
8.3.2 Hardware: EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Services
8.4.1 Overview
8.4.2 Services: EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
9. North America EV Charging Infrastructure Market Analysis – By Hardware
9.1 Overview
9.2 North America EV Charging Infrastructure Market, By Hardware (2020 and 2028)
9.3 AC charger
9.3.1 Overview
9.3.2 AC charger: EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
9.3.3 Level 1 Charger (120 V)
9.3.3.1 Overview
9.3.3.2 Level 1 Charger (120 V): EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4 Level 2 Charger (240 V)
9.3.4.1 Overview
9.3.4.2 Level 2 Charger (240 V): EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
9.4 DC Charger
9.4.1 Overview
9.4.2 DC Charger: EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
10. North America EV Charging Infrastructure Market Analysis – By Charger Type
10.1 Overview
10.2 North America EV Charging Infrastructure Market, By Charger Type (2020 and 2028)
10.3 Public Chargers
10.3.1 Overview
10.3.2 Public Chargers: EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
10.4 Private Chargers
10.4.1 Overview
10.4.2 Private Chargers: EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
11. North America EV Charging Infrastructure Market Analysis – By IEC Mode
11.1 Overview
11.2 North America EV Charging Infrastructure Market, By IEC Mode (2020 and 2028)
11.3 2
11.3.1 Overview
11.3.2 2: EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
11.4 3
11.4.1 Overview
11.4.2 3: EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
11.5 4
11.5.1 Overview
11.5.2 4: EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
12. North America EV Charging Infrastructure Market – Country Analysis
12.1 Overview
12.1.1 North America: EV Charging Infrastructure Market, by Key Country
12.1.1.1 US: EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
12.1.1.1.1 US: EV Charging Infrastructure Market, by Operator Type
12.1.1.1.2 US: EV Charging Infrastructure Market, by Platform
12.1.1.1.3 US: EV Charging Infrastructure Market, by Hardware
12.1.1.1.4 US: EV Charging Infrastructure Market, by Charger Type
12.1.1.1.5 US: EV Charging Infrastructure Market, by IEC Mode
12.1.1.2 Canada: EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
12.1.1.2.1 Canada: EV Charging Infrastructure Market, by Operator Type
12.1.1.2.2 Canada: EV Charging Infrastructure Market, by Platform
12.1.1.2.3 Canada: EV Charging Infrastructure Market, by Hardware
12.1.1.2.4 Canada: EV Charging Infrastructure Market, by Charger Type
12.1.1.2.5 Canada: EV Charging Infrastructure Market, by IEC Mode
12.1.1.3 Mexico: EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
12.1.1.3.1 Mexico: EV Charging Infrastructure Market, by Operator Type
12.1.1.3.2 Mexico: EV Charging Infrastructure Market, by Platform
12.1.1.3.3 Mexico: EV Charging Infrastructure Market, by Hardware
12.1.1.3.4 Mexico: EV Charging Infrastructure Market, by Charger Type
12.1.1.3.5 Mexico: EV Charging Infrastructure Market, by IEC Mode
13. Industry Landscape
13.1 Market Initiative
13.2 Merger and Acquisition
13.3 New Development
14. Company Profiles
14.1 Tritium
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Blink Charging Co.
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 EVBox
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Tesla, Inc.
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Webasto Group
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Delta Electronics, Inc.
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Wallbox Chargers, S.L.
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 ABB Ltd.
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 BOSCH Auto Parts
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Siemens AG
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
14.11 Eaton
14.11.1 Key Facts
14.11.2 Business Description
14.11.3 Products and Services
14.11.4 Financial Overview
14.11.5 SWOT Analysis
14.11.6 Key Developments
14.12 Leviton Manufacturing Co., Inc.
14.12.1 Key Facts
14.12.2 Business Description
14.12.3 Products and Services
14.12.4 Financial Overview
14.12.5 SWOT Analysis
14.12.6 Key Developments
14.13 Driivz Ltd.
14.13.1 Key Facts
14.13.2 Business Description
14.13.3 Products and Services
14.13.4 Financial Overview
14.13.5 SWOT Analysis
14.13.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Word Index
LIST OF TABLES
Table 1. North America EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. North America: EV Charging Infrastructure Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. US: EV Charging Infrastructure Market, by Operator Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. US: EV Charging Infrastructure Market, by Platform – Revenue and Forecast to 2028 (US$ Million)
Table 5. US: EV Charging Infrastructure Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)
Table 6. US: EV Charging Infrastructure Market, by AC charger – Revenue and Forecast to 2028 (US$ Million)
Table 7. US: EV Charging Infrastructure Market, by Charger Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. US: EV Charging Infrastructure Market, by IEC Mode – Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada: EV Charging Infrastructure Market, by Operator Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada: EV Charging Infrastructure Market, by Platform – Revenue and Forecast to 2028 (US$ Million)
Table 11. Canada: EV Charging Infrastructure Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)
Table 12. Canada: EV Charging Infrastructure Market, by AC charger – Revenue and Forecast to 2028 (US$ Million)
Table 13. Canada: EV Charging Infrastructure Market, by Charger Type – Revenue and Forecast to 2028 (US$ Million)
Table 14. Canada: EV Charging Infrastructure Market, by IEC Mode – Revenue and Forecast to 2028 (US$ Million)
Table 15. Mexico: EV Charging Infrastructure Market, by Operator Type – Revenue and Forecast to 2028 (US$ Million)
Table 16. Mexico: EV Charging Infrastructure Market, by Platform – Revenue and Forecast to 2028 (US$ Million)
Table 17. Mexico: EV Charging Infrastructure Market, by Hardware – Revenue and Forecast to 2028 (US$ Million)
Table 18. Mexico: EV Charging Infrastructure Market, by AC charger – Revenue and Forecast to 2028 (US$ Million)
Table 19. Mexico: EV Charging Infrastructure Market, by Charger Type – Revenue and Forecast to 2028 (US$ Million)
Table 20. Mexico: EV Charging Infrastructure Market, by IEC Mode – Revenue and Forecast to 2028 (US$ Million)
Table 21. List of Abbreviation
LIST OF FIGURES
Figure 1. North America EV Charging Infrastructure Market Segmentation
Figure 2. North America EV Charging Infrastructure Market Segmentation – By Country
Figure 3. North America EV Charging Infrastructure Market Overview
Figure 4. North America EV Charging Infrastructure Market, By Platform
Figure 5. North America EV Charging Infrastructure Market, By Country
Figure 6. North America: PEST Analysis
Figure 7. Expert Opinion
Figure 8. North America EV Charging Infrastructure Market: Impact Analysis of Drivers and Restraints
Figure 9. North America EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
Figure 10. North America EV Charging Infrastructure Market Revenue Share, By Platform (2020 and 2028)
Figure 11. North America Charge Point Operator (CPO): EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. North America E-Mobility Service Providers (EMSP): EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. North America EV Charging Infrastructure Market Revenue Share, By Platform (2020 and 2028)
Figure 14. North America Hardware: EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. North America Services: EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. North America EV Charging Infrastructure Market Revenue Share, By Hardware (2020 and 2028)
Figure 17. North America AC charger: EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. North America Level 1 Charger (120 V): EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. North America Level 2 Charger (240 V): EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. North America DC Charger: EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. North America EV Charging Infrastructure Market Revenue Share, By Charger Type (2020 and 2028)
Figure 22. North America Public Chargers: EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. North America Private Chargers: EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. North America EV Charging Infrastructure Market Revenue Share, By IEC Mode (2020 and 2028)
Figure 25. North America 2: EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. North America 3: EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. North America 4: EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. North America: EV Charging Infrastructure Market, by Key Country – Revenue (2020) (US$ Million)
Figure 29. North America: EV Charging Infrastructure Market Revenue Share, by Key Country (2020 & 2028)
Figure 30. US: EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Canada: EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Mexico: EV Charging Infrastructure Market – Revenue and Forecast to 2028 (US$ Million)
- ABB Ltd.
- Blink Charging Co.
- BOSCH Auto Parts
- Delta Electronics, Inc.
- Driivz Ltd.
- Eaton
- EVBox
- Leviton Manufacturing Co., Inc.
- Siemens AG
- Tesla, Inc.
- Tritium
- Wallbox Chargers, S.L.
- Webasto Group
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America EV charging infrastructure market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the North America EV charging infrastructure market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the EV charging infrastructure market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution