North America Electric Vehicle Charging Station Market - Industry Size, Opportunity, Growth, Demand, & Forecast To 2027

The electric vehicle charging station is also known as the electric vehicle supply equipment (EVSE), is an equipment that connects the EV to a source of electricity to up the battery of an EV. The market of the EV charging stations is growing rapidly, along with the electric vehicle market. By the application the charging stations are divided into three different levels of charging such as level 1, level 2 and the fastest level 3 chargers. Level 1 charging commonly uses 120 volt and are used at household outlets. In this level every EV or the plug-hybrid can be charged only by plugging it into a regular wall outlet. This level is known to be the slowest way of charging an electric vehicle. This works very well on the PHEVs (plug-in hybrid electric vehicles), only because they have small batteries and charges ups quickly. However, since most of the EVs have large batteries, this level is known to be too slow for daily charging basis.

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The level 2 charging is better for BEV (battery electric vehicles) and are better to use for daily charging. The chargers can be installed at home, office as well as at public areas like malls, stations and others. This level charging can run to 12 to 80 miles range per hour, this depends on the power output of the charger. These charges are segmented under the fastest charges, which charges up the EVs up to 10 times faster than level 1 charges. Next is level 3 chargers are another type of the fast chargers. These chargers can recharge the EVs are the rate of 3to20 miles range per minute. Other than level 1 and level 2 which uses alternating current (AC), the level charging uses direct current (DC) for charging and even the voltage is much higher than the other two levels. It is also important to known that every EV charge at different charging speeds on each level. Every EV needs different levels of charging, some will need the fastest charging level and some will need the slowest charging level. According to the report published by Actual Market Research title as “North America Electric Vehicle Charging Station Market Outlook, 2027”, the region’s market is anticipated to grow with CAGR of 34.68% by the forecasted period. As per the research the US EV Charging Station is expected to grow with CAGR of 34.55 by the end of the forecasted year 2027. The electric vehicles or EVs are gradually gaining huge popularity as an alternative for fuel and gas vehicles in the market. These vehicles have become more popular because of the increase in harmful side effects to the environment such as drastic climate changes leading to global warming, zero-emission mobility for electric vehicles and these also reduces the urban air and noise pollution. Therefore, in a positive way these electric vehicles can save the planet from getting polluted in coming few years.

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Kripa Shah

Senior Analyst

Major Companies present in the market: ChargePoint Holdings, Inc., Shell, Tesla Inc., BP, ABB, RWE, Siemens, Efacec, BLINK CHARGING co. , Eaton Corporation plc, SCHNEIDER ELECTRIC, WEBASTO GROUP, Leviton Manufacturing Co. Inc., Phihong USA Corp., EV Safe Charge Inc., Tata Power. Considered in this report • Geography: North America • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027 Aspects covered in this report • North America Electric Vehicle Charging Station market with its value and forecast along with its segments • Country-wise electric vehicle charging station market analysis • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation

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Countries covered in the report • United States • Canada • Mexico Types of charger in the report • Slow/ Moderate • Fast Type of charging levels: • Level 1 (AC charging) • Level 2 (AC charging) • Level 3 (DCFC) By Application type: • Public • Private The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to electric vehicle charging station industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry. This report would help you answer the following questions: 1. At what rate the North America electric vehicle charging station market will grow in forecast period? 2. What are the types of electric vehicle chargers? 3. What are the different types of electric vehicle charging levels? 4. Which electric vehicle charger type is leading the market? 5. What is the impact of COVID-19 on the North America electric vehicle charging station Market? 6. What are the different types of charging station by applications?