US electric vehicle charger market is forecast to grow at a CAGR of around 17.0% during the forecast period, 2019-2025. The major factor for augmenting the market include increasing electric vehicle market, supportive government regulations for electric vehicle and charging infrastructure. 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. As per the International Council on Clean Transportation (ICCT), around $2.2 billion investment by 2025 is required to develop the required charging infrastructure. Around $1.3 billion will require home charging whereas around $940 million for the workplace and public charging. About 100,000 public and workplace chargers will be required by 2025 to cater 2.6 million electric vehicles by 2025. Of the total $2.2 billion required investment, 25% will be required for hardware, 20% on materials, and 5% on permits.
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With the help of apparent insights depicted here into a wide range of product and service releases by key competitors in the market, novice players are able to position themselves in the vast market. It is an indispensable need to get detailed idea to track future business growth and this US Electric Vehicle Charger Market research report is the best medium to get that vision. It also aims at providing market environment along with covering complete market information. US Electric Vehicle Charger Market research report also enables business owners to have firm grasp over what consumers exactly expect, their future demands, wants and preferences by offering detailed customer related data. It further discusses about key market players and ongoing latest trends.
This informative yet easy to understand US Electric Vehicle Charger Market study report covers wide-ranging product launch wise latest trends, regulatory shifts and other important factors, which are expected to affect the overall industry growth for the approaching time span 2022-2028. It aims at providing detailed knowledge about what customers exactly want from which key players can make sound decision making for the growth of business. It also aims at measuring marketing effectiveness. SWOT Analysis technique is also employed to form the market research report to cover helpful opportunities, possible challenges and threats. Impact of new corona virus on the global economy is also shared in this US Electric Vehicle Charger Market report. Collaborations, mergers and acquisitions like strategies are also covered in this market study report.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
US Electric Vehicle Charger Market Report Segment
By Ownership
- Public
- Private
By Charger Type
- Slow Charger
- Fast Charger
By Connector
- AC Connectors
- DC Connectors
The Report Covers
- Comprehensive research methodology of the US electric vehicle charger market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the US electric vehicle charger market.
- Insights about market determinants which are stimulating the US electric vehicle charger market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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