The North America Electric Vehicle Charger Market would witness market growth of 28.3% CAGR during the forecast period (2023-2030).
Electric vehicle (EV) chargers come in various types to accommodate different charging needs and speeds. Level 1 chargers are the slowest EV chargers and typically use a standard 120-volt household electrical outlet. They are suitable for charging electric vehicles overnight at home. Level 1 chargers provide a relatively low charging rate, typically around 2-5 miles of range per hour of charging. Level 2 chargers possess greater power than Level 1 chargers and operate on a 240-volt electrical supply, akin to electric dryers or ovens. These chargers are frequently found in residential garages and public charging stations. Level 2 chargers offer a higher charging rate, typically providing a range of 10 to 30 miles per hour. DC fast chargers are high-power chargers that offer a much faster charging rate than Level 1 and Level 2 chargers.
Electric vehicles' increasing availability and affordability have driven up sales, resulting in a greater demand for chargers. As more consumers embrace EVs, there is a corresponding need for accessible and reliable charging options. Increasing environmental awareness and stricter emissions regulations have led individuals and organizations to shift towards electric vehicles due to their reduced environmental impact compared to fossil fuel-powered vehicles. As a result, the need for chargers has become more pressing.
As per the article titled New Motor Vehicle Registrations, third quarter 2022, released by Statistics Canada, overall, 34,313 new zero-emission vehicles (ZEVs) were registered in the third quarter of 2022, comprising 8.7% of total new motor vehicle registrations. The number of new ZEVs registered continued to increase, up 43.2% year over year. Continuing the trend over the last four years, battery electric vehicles (BEVs) made up the largest share of new ZEV registrations, representing 85.6% of new ZEVs registered in the third quarter. Plug-in hybrid electric vehicles (PHEVs) comprised 14.4% of new ZEV registrations. Year over year, BEVs (+85.4%) experienced the largest percentage increase among all fuel types. These factors will boost the demand for EV chargers in the North America region.
The US market dominated the North America Electric Vehicle Charger Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $9,667.4 Million by 2030. The Canada market is exhibiting a CAGR of 31.2% during (2023 - 2030). Additionally, The Mexico market would experience a CAGR of 30% during (2023 - 2030).
Based on End User, the market is segmented into Residential and Commercial. Based on Vehicle Type, the market is segmented into Plug-in Hybrid Electric Vehicle (PHEV), Battery Electric Vehicle (BEV) and Hybrid Electric Vehicle (HEV). Based on Charging Type, the market is segmented into On-board Chargers and Off-board Chargers. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Electric Vehicle Charger Market is Predict to reach $53.1 Billion by 2030, at a CAGR of 28.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Robert Bosch GmbH, AeroVironment, Inc, BorgWarner Inc, Silicon Laboratories, Inc., BP p.l.c., ChargePoint, Inc, Schaffner Holding AG, Siemens AG, and Chroma ATE Inc.
Scope of the Study
Market Segments Covered in the Report:
By End User
By Vehicle Type
- Plug-in Hybrid Electric Vehicle (PHEV)
- Battery Electric Vehicle (BEV)
- Hybrid Electric Vehicle (HEV)
By Charging Type
- On-board Chargers
- Off-board Chargers
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- ABB Group
- Robert Bosch GmbH.
- AeroVironment, Inc
- BorgWarner Inc
- Silicon Laboratories, Inc.
- BP p.l.c.
- ChargePoint, Inc
- Schaffner Holding AG
- Siemens AG
- Chroma ATE Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Electric Vehicle Charger Market, by End User
1.4.2 North America Electric Vehicle Charger Market, by Vehicle Type
1.4.3 North America Electric Vehicle Charger Market, by Charging Type
1.4.4 North America Electric Vehicle Charger Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Top Winning Strategies
4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.3.2 Key Strategic Move: (Mergers & Acquisition : 2021, Aug – 2023, Jun) Leading Players
4.4 Porter’s Five Forces Analysis
Chapter 5. North America Electric Vehicle Charger Market by End User
5.1 North America Residential Market by Country
5.2 North America Commercial Market by Country
Chapter 6. North America Electric Vehicle Charger Market by Vehicle Type
6.1 North America Plug-in Hybrid Electric Vehicle (PHEV) Market by Country
6.2 North America Battery Electric Vehicle (BEV) Market by Country
6.3 North America Hybrid Electric Vehicle (HEV) Market by Country
Chapter 7. North America Electric Vehicle Charger Market by Charging Type
7.1 North America On-board Chargers Market by Country
7.2 North America Off-board Chargers Market by Country
Chapter 8. North America Electric Vehicle Charger Market by Country
8.1 US Electric Vehicle Charger Market
8.1.1 US Electric Vehicle Charger Market by End User
8.1.2 US Electric Vehicle Charger Market by Vehicle Type
8.1.3 US Electric Vehicle Charger Market by Charging Type
8.2 Canada Electric Vehicle Charger Market
8.2.1 Canada Electric Vehicle Charger Market by End User
8.2.2 Canada Electric Vehicle Charger Market by Vehicle Type
8.2.3 Canada Electric Vehicle Charger Market by Charging Type
8.3 Mexico Electric Vehicle Charger Market
8.3.1 Mexico Electric Vehicle Charger Market by End User
8.3.2 Mexico Electric Vehicle Charger Market by Vehicle Type
8.3.3 Mexico Electric Vehicle Charger Market by Charging Type
8.4 Rest of North America Electric Vehicle Charger Market
8.4.1 Rest of North America Electric Vehicle Charger Market by End User
8.4.2 Rest of North America Electric Vehicle Charger Market by Vehicle Type
8.4.3 Rest of North America Electric Vehicle Charger Market by Charging Type
Chapter 9. Company Profiles
9.1 ABB Group
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Product Launches and Product Expansions:
9.1.5.2 Acquisition and Mergers:
9.1.6 SWOT Analysis
9.2 Robert Bosch GmbH
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.6 SWOT Analysis
9.3 AeroVironment, Inc.
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expenses
9.3.5 SWOT Analysis
9.4 BorgWarner Inc.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments:
9.4.5.1 Acquisition and Mergers:
9.4.6 SWOT Analysis
9.5 Silicon Laboratories, Inc.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Regional Analysis
9.5.4 Research & Development Expenses
9.5.5 SWOT Analysis
9.6 BP p.l.c.
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expenses
9.6.5 Recent strategies and developments:
9.6.5.1 Partnerships, Collaborations, and Agreements:
9.6.6 SWOT Analysis
9.7 ChargePoint Holdings, Inc.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Regional Analysis
9.7.4 Research & Development Expenses
9.7.5 Recent strategies and developments:
9.7.5.1 Partnerships, Collaborations, and Agreements:
9.7.5.2 Product Launches and Product Expansions:
9.7.5.3 Acquisition and Mergers:
9.7.6 SWOT Analysis
9.8 Schaffner Holding AG
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expenses
9.8.5 SWOT Analysis
9.9 Siemens AG
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expense
9.9.5 SWOT Analysis
9.10. Chroma ATE, Inc.
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expenses
9.10.5 SWOT Analysis
TABLE 1 North America Electric Vehicle Charger Market, 2019 - 2022, USD Million
TABLE 2 North America Electric Vehicle Charger Market, 2023 - 2030, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Electric Vehicle Charger Market
TABLE 4 Product Launches And Product Expansions– Electric Vehicle Charger Market
TABLE 5 Acquisition and Mergers– Electric Vehicle Charger Market
TABLE 6 North America Electric Vehicle Charger Market by End User, 2019 - 2022, USD Million
TABLE 7 North America Electric Vehicle Charger Market by End User, 2023 - 2030, USD Million
TABLE 8 North America Residential Market by Country, 2019 - 2022, USD Million
TABLE 9 North America Residential Market by Country, 2023 - 2030, USD Million
TABLE 10 North America Commercial Market by Country, 2019 - 2022, USD Million
TABLE 11 North America Commercial Market by Country, 2023 - 2030, USD Million
TABLE 12 North America Electric Vehicle Charger Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 13 North America Electric Vehicle Charger Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 14 North America Plug-in Hybrid Electric Vehicle (PHEV) Market by Country, 2019 - 2022, USD Million
TABLE 15 North America Plug-in Hybrid Electric Vehicle (PHEV) Market by Country, 2023 - 2030, USD Million
TABLE 16 North America Battery Electric Vehicle (BEV) Market by Country, 2019 - 2022, USD Million
TABLE 17 North America Battery Electric Vehicle (BEV) Market by Country, 2023 - 2030, USD Million
TABLE 18 North America Hybrid Electric Vehicle (HEV) Market by Country, 2019 - 2022, USD Million
TABLE 19 North America Hybrid Electric Vehicle (HEV) Market by Country, 2023 - 2030, USD Million
TABLE 20 North America Electric Vehicle Charger Market by Charging Type, 2019 - 2022, USD Million
TABLE 21 North America Electric Vehicle Charger Market by Charging Type, 2023 - 2030, USD Million
TABLE 22 North America On-board Chargers Market by Country, 2019 - 2022, USD Million
TABLE 23 North America On-board Chargers Market by Country, 2023 - 2030, USD Million
TABLE 24 North America Off-board Chargers Market by Country, 2019 - 2022, USD Million
TABLE 25 North America Off-board Chargers Market by Country, 2023 - 2030, USD Million
TABLE 26 North America Electric Vehicle Charger Market by Country, 2019 - 2022, USD Million
TABLE 27 North America Electric Vehicle Charger Market by Country, 2023 - 2030, USD Million
TABLE 28 US Electric Vehicle Charger Market, 2019 - 2022, USD Million
TABLE 29 US Electric Vehicle Charger Market, 2023 - 2030, USD Million
TABLE 30 US Electric Vehicle Charger Market by End User, 2019 - 2022, USD Million
TABLE 31 US Electric Vehicle Charger Market by End User, 2023 - 2030, USD Million
TABLE 32 US Electric Vehicle Charger Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 33 US Electric Vehicle Charger Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 34 US Electric Vehicle Charger Market by Charging Type, 2019 - 2022, USD Million
TABLE 35 US Electric Vehicle Charger Market by Charging Type, 2023 - 2030, USD Million
TABLE 36 Canada Electric Vehicle Charger Market, 2019 - 2022, USD Million
TABLE 37 Canada Electric Vehicle Charger Market, 2023 - 2030, USD Million
TABLE 38 Canada Electric Vehicle Charger Market by End User, 2019 - 2022, USD Million
TABLE 39 Canada Electric Vehicle Charger Market by End User, 2023 - 2030, USD Million
TABLE 40 Canada Electric Vehicle Charger Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 41 Canada Electric Vehicle Charger Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 42 Canada Electric Vehicle Charger Market by Charging Type, 2019 - 2022, USD Million
TABLE 43 Canada Electric Vehicle Charger Market by Charging Type, 2023 - 2030, USD Million
TABLE 44 Mexico Electric Vehicle Charger Market, 2019 - 2022, USD Million
TABLE 45 Mexico Electric Vehicle Charger Market, 2023 - 2030, USD Million
TABLE 46 Mexico Electric Vehicle Charger Market by End User, 2019 - 2022, USD Million
TABLE 47 Mexico Electric Vehicle Charger Market by End User, 2023 - 2030, USD Million
TABLE 48 Mexico Electric Vehicle Charger Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 49 Mexico Electric Vehicle Charger Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 50 Mexico Electric Vehicle Charger Market by Charging Type, 2019 - 2022, USD Million
TABLE 51 Mexico Electric Vehicle Charger Market by Charging Type, 2023 - 2030, USD Million
TABLE 52 Rest of North America Electric Vehicle Charger Market, 2019 - 2022, USD Million
TABLE 53 Rest of North America Electric Vehicle Charger Market, 2023 - 2030, USD Million
TABLE 54 Rest of North America Electric Vehicle Charger Market by End User, 2019 - 2022, USD Million
TABLE 55 Rest of North America Electric Vehicle Charger Market by End User, 2023 - 2030, USD Million
TABLE 56 Rest of North America Electric Vehicle Charger Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 57 Rest of North America Electric Vehicle Charger Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 58 Rest of North America Electric Vehicle Charger Market by Charging Type, 2019 - 2022, USD Million
TABLE 59 Rest of North America Electric Vehicle Charger Market by Charging Type, 2023 - 2030, USD Million
TABLE 60 Key Information – ABB Group
TABLE 61 Key Information – Robert Bosch GmbH
TABLE 62 Key Information – AeroVironment, Inc.
TABLE 63 Key Information – BorgWarner Inc.
TABLE 64 Key Information – Silicon Laboratories, Inc.
TABLE 65 Key Information – BP p.l.c.
TABLE 66 Key Information – ChargePoint Holdings, Inc.
TABLE 67 Key Information – Schaffner Holding AG
TABLE 68 Key Information – Siemens AG
TABLE 69 Key Information – Chroma ATE, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Electric Vehicle Charger Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Electric Vehicle Charger Market
FIG 4 KBV Cardinal Matrix
FIG 5 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 6 Key Strategic Move: (Mergers & Acquisition : 2021, Aug – 2023, Jun) Leading Players
FIG 7 Porter’s Five Forces Analysis - Electric Vehicle Charger Market
FIG 8 North America Electric Vehicle Charger Market share by End User, 2022
FIG 9 North America Electric Vehicle Charger Market share by End User, 2030
FIG 10 North America Electric Vehicle Charger Market by End User, 2019 - 2030, USD Million
FIG 11 North America Electric Vehicle Charger Market share by Vehicle Type, 2022
FIG 12 North America Electric Vehicle Charger Market share by Vehicle Type, 2030
FIG 13 North America Electric Vehicle Charger Market by Vehicle Type, 2019 - 2030, USD Million
FIG 14 North America Electric Vehicle Charger Market share by Charging Type, 2022
FIG 15 North America Electric Vehicle Charger Market share by Charging Type, 2030
FIG 16 North America Electric Vehicle Charger Market by Charging Type, 2019 - 2030, USD Million
FIG 17 North America Electric Vehicle Charger Market share by Country, 2022
FIG 18 North America Electric Vehicle Charger Market share by Country, 2030
FIG 19 North America Electric Vehicle Charger Market by Country, 2019 - 2030, USD Million
FIG 20 Recent strategies and developments: ABB Group
FIG 21 SWOT Analysis: ABB Group
FIG 22 SWOT Analysis: Robert Bosch GmbH
FIG 23 SWOT Analysis: AeroVironment, Inc.
FIG 24 SWOT Analysis: BorgWarner Inc.
FIG 25 SWOT Analysis: Silicon Laboratories, Inc.
FIG 26 SWOT Analysis: BP p.l.c.
FIG 27 Recent strategies and developments: ChargePoint Holdings, Inc.
FIG 28 SWOT Analysis: ChargePoint Holdings, Inc.
FIG 29 SWOT Analysis: Schaffner Holding AG
FIG 30 SWOT Analysis: Siemens AG
FIG 31 SWOT Analysis: Chroma ATE, Inc.