South America EV Charging Infrastructure Market

The SAM EV charging infrastructure market is expected to grow from US$ 359.08 million in 2021 to US$ 683.16 million by 2028. It is estimated to grow at a CAGR of 9.6% from 2021 to 2028.                    

Growing Demand for EV Charging in Commercial Buildings   

Presently, EV charging stations are more common in private residences. However, the rising consumer demand has led to an active adoption of on-site commercial charging as a standard building feature. Several countries across the region are expected to implement charging in residential and commercial buildings to scale up the EV charging infrastructure soon, which requires upgrading buildings' electrical infrastructure to satisfy the rising demand for EV charging. Additionally, EV charging at scale is subject to the careful planning of a building's electrical distribution system, along with the local electric-grid infrastructure. To enhance the accessibility and affordability of electric chargers, many building developers, urban planners, and electrical-equipment suppliers are actively integrating the EV charging infrastructure into standard building design plans. Furthermore, public charging stations in workplaces and dedicated EV charging hubs create a massive opportunity to expand the EV charging infrastructure market, owing to the rising adoption by less affluent buyers, including those residing in multiunit housing (having limited access to in-home charging). Therefore, the increase in the number and type of location of charging infrastructure, beyond single-family homes, to include its installation in apartment complexes, offices, fleet depots, parking lots, and commercial centers, is creating ample growth opportunities for the scaling-up of the EV charging infrastructure market across the region.

Market Overview

Ranging from plug-in hybrids to fully electric vehicles, the number of light-duty Electric Vehicles (EVs) in SAM is predicted to rise over the next decade due to various incentives that encourage their uptake. Slowly but steadily, Latin American countries are electrifying their transportation sectors, hoping to reap the associated environmental, health, and economic benefits, particularly when combined with a low-carbon energy generation portfolio, as many in the area do. However, various difficulties must be overcome before the region sees EV adoption levels comparable to those in Europe, Asia, and the US. On the other hand, companies in the region are working to build EV networking to boost the adoption of electric vehicles across the region. For instance, ChargeboxNet, a Latenergy business, is planning to build Argentina's first electric vehicle charging network. The startup aims to make electric mobility available to all drivers and offer an excellent customer experience by focusing on semipublic venues such as shopping centers, restaurants, airports, and commercial parking lots. ChargeboxNet is well on its way to reaching its ambitions, with contracts to install more than 1500 EVBox charging stations over the next two years for firms, such as Carrefour, McDonald's, and Hotel Sheraton, to mention a few. The future of electric mobility in SAM seems bright, with 26 chargers already built around the country. 

SAM EV Charging Infrastructure Market Revenue and Forecast to 2028 (US$ Million)

South America EV Charging Infrastructure Strategic Insights

Strategic insights for the South America EV Charging Infrastructure provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

South America EV Charging Infrastructure Report Scope

South America EV Charging Infrastructure Regional Insights

The geographic scope of the South America EV Charging Infrastructure refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

SAM EV Charging Infrastructure Market Segmentation     

The SAM EV charging infrastructure market is segmented based on operator type, platform, hardware, charger type, IEC mode, and country.  

• Based on operator type, the SAM 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 SAM EV charging infrastructure market is bifurcated into hardware and services. Hardware segment held a larger market share in 2021.
• Based on hardware, the SAM 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 SAM 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 SAM 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 SAM EV charging infrastructure market is segmented into Brazil, Argentina, and rest of SAM. Brazil 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 SAM EV charging infrastructure market.