November 18, 2019
According to the latest study titled ‘North America Electric Vehicle Charging Station Market (2018 Edition): Trends, Opportunities and Forecast (2013-2023): Analysis By Vehicle Type (Battery Electric Vehicle, Plug-in Hybrid Electric Vehicle), By Equipment (Hardware, Software), By Charger Type and Sub-Type (Slow Charger, Fast Charger)’ available at MarketStudyReport.com, North America electric vehicle charging station market is estimated to grow with a CAGR of 41.4% through the year 2023.
Electrical vehicle charging station supplies electric energy for the recharging of plug-in electric vehicles. Factors such as increasing adoption of electrical vehicles, along with heavy investments in manufacturing of new electrical vehicles and charging stations are driving the growth of North America electric vehicle charging station market. Moreover, initiatives taken by government to promote electric vehicles by offering subsidies, incentives, and rebates will continue to augment the industry trends.
The study encompasses details about market size based on revenue shares, alongside the expansion strategies adopted by manufacturers. Information about the market dynamics covering drivers and restraints is also outlined in the report.
Based on vehicle type, North America electric vehicle charging station market is segmented into battery electric vehicle and plug-in hybrid electric vehicle. While based on equipment, the industry is divided into software and hardware. In terms of charger type, the market is bifurcated into slow charger and fast charger.
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Considering the geographical landscape, North America electric vehicle charging station market is fragmented into three major countries as United States, Mexico, and Canada. United States held 90.3% revenue shares of North America electric vehicle charging station market in 2017, owing to stricter fuel economy standards, development of new electrical vehicles, and constant focus on improving electric vehicle sales. Moreover, Canada and Mexico markets are presumed to witness significant growth in the upcoming years, claims the report.
Some of the vendors that operate in the North America electric vehicle charging station market are ABB, EVgo, Tesla, Inc., Blink Charging, Clipper Creek, Inc., ChargePoint, Inc., and SemaConnect Inc.
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