The North America DC Chargers Market would witness market growth of 12.8% CAGR during the forecast period (2022-2028).
For locations installing charging stations, a spectrum of charging options has evolved. Pure charging power first appeared to be the path to progression, but as the industry has evolved, it has become clear that other charging options are needed to bridge the gap between high and low power. Nowadays the Destination DC charging technology is filling this gap.
Destination DC provides a faster charging speed than what AC chargers can generally accomplish. It has lesser power, a smaller installation footprint, and lower installation and investment costs than higher power AC fast charging systems that are frequently seen in metro areas and along highways. DC chargers often have a power rating of 10 to 100 kW, which is effectively between the 7 to 11 kW charging power that an AC charger typically delivers while being less than the 50 to 350 kW offered by public DC fast charging stations.
Direct current chargers, sometimes known as DC chargers, are made for industrial equipment, motor vehicles, and electronic devices. As they provide the electric energy needed to recharge the electric car, these DC chargers are the main elements of the electric vehicle charging station. Compared to AC charges, DC chargers may recharge electric vehicles more quickly.
The United States promises to benefit significantly from the current rapid expansion of electric cars (EVs), which is part of a fundamental transformation in transportation. Every American should be able to take advantage of EVs' cheaper operating costs, lowered maintenance requirements, and enhanced performance, as per the government of the country. The Federal Government's plan to end climate-related emission from transportation will benefit from the effective adoption of EVs as one key component.
The US market dominated the North America DC Chargers Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $31,071.4 million by 2028. The Canada market is poised to grow at a CAGR of 15.4% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 14.4% during (2022 - 2028).
Based on Power Output, the market is segmented into 10 KW to 100 KW, Less Than 10 KW, and More Than 100 KW. Based on Application, the market is segmented into Industrial, Automotive, and Consumer Electronics. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global DC Chargers Market is Estimated to reach $161.5 Billion by 2028, at a CAGR of 13.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Siemens AG, Delta Electronics, Inc., Phihong Technology Co. Ltd., Kirloskar Electric Co. Ltd., Hitachi, Ltd., Legrand S.A., Helios Power Solutions, AEG Power Solutions B.V., and Statron AG.
By Power Output
By Application
By Country
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