North American electric vehicle charger market is forecast to grow at a considerable growth rate over the forecast period, 2019-2025. Some of the major factors for the growth of the market include rising electric vehicle market, cohesive government regulations for electric vehicles & its charging infrastructure and significant investment from the government and private companies in developing charging infrastructure in the region. High average cost of the IC engine-based automobile is another major factor for the growth of the market. Some of the major electric vehicle companies working in the region include BMW AG, Audi AG, Ford Motors Co., Jaguar Land Rover, Tesla, Inc., Volkswagen AG and so on. The companies are expected to invest a considerable amount in developing charging infrastructure in the region. For instance, in May 2019 Volkswagen AG aims to develop 2,000 charging stations under its Electrify America program.
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North American electric vehicle charger market is divided on the basis of ownership, charger type, and connector type. By ownership, the market is further bifurcated into Public and Private. According to the International Energy Agency, in 2018, in the US there were more than 54,000 public accessible chargers whereas it is around 100 in Canada. By charger type, the market is segmented into slow chargers and fast chargers. Fast chargers are expected to show lucrative growth during the forecast period. By connector type, the market is further divided into AC connectors and DC connectors. AC connector market is further divided into Type 1, Type 2 and other segments, whereas the DC connector market is further segmented into CHAdeMO, Combined Charging System (CCS), Type 2 (Tesla). DC connectors are expected to show a considerable growth rate during the forecast period.
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North American Electric Vehicle Charger Market Segmentation
By Ownership
- Public
- Private
By Charger Type
- Slow Charger
- Fast Charger
By Connector Type
- AC Connectors
- Type 1
- Type 2
- Other (Domestic Socket)
DC Connectors
- CHAdeMO
- Combined Charging System (CCS)
- Type 2 (Tesla)
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