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Market Research Report
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998115

North America Electric Vehicle Charging System Market Forecast 2021-2028

Published: | Inkwood Research | 125 Pages | Delivery time: 2-3 business days

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North America Electric Vehicle Charging System Market Forecast 2021-2028
Published: April 5, 2021
Inkwood Research
Content info: 125 Pages
Delivery time: 2-3 business days
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  • Description
  • Table of Contents
Description

KEY FINDINGS

The North America electric vehicle charging system market is anticipated to progress with a CAGR of 48.18% during the forecasting years of 2021 to 2028. The augmenting presence of leading players, the incentive programs initiated by the government, the widespread adoption of PHEVs and BEVs, and the implementation of numerous federal policies are set to facilitate the region's market growth.

MARKET INSIGHTS

The North America electric vehicle charging system market growth assessment includes the analysis of Canada and the United States. Canada's electric vehicle charging system market is predominantly fueled by the increasing number of electric vehicles in the nation. The well-established presence of international electric vehicle manufacturers, in addition to the government incentives provided by local and central authorities, further impact the market's growth. As per the Government Agency Data of Canada, leading players operating in the country's electric vehicle market are Nissan, Tesla, and Chevrolet. The purchase incentives bearing the new plug-in electric vehicle were framed in Ontario, including a rebate ranging from $5000 to $8000, depending on the electric vehicle's battery size.

Transport Canada possesses a national purchase incentive program for electric vehicles. Aligning with this, Canadians buying plug-in hybrids or electric vehicles are eligible for an incentive, within the range of $2,500 to $5,000, applied at the point-of-sale by dealerships. In 2020, the Canadian government invested $223 million, each in a Ford factor, billed as the most significant electric vehicle plant across North America. Hence, these factors are set to fuel the electric vehicle charging system market in Canada over the forecasted years.

COMPETITIVE INSIGHTS

Some of the leading companies operating in the market are: Blink, ChargePoint, ABB Ltd, EVGo, etc.

Our report offerings include:

  • Explore key findings of the overall market
  • Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
  • Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
  • Market Segmentation cater to a thorough assessment of key segments with their market estimations
  • Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
  • Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
  • Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
  • Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
Table of Contents
Product Code: 36259

TABLE OF CONTENTS

1. RESEARCH SCOPE & METHODOLOGY

  • 1.1. STUDY OBJECTIVES
  • 1.2. SCOPE OF STUDY
  • 1.3. METHODOLOGY
  • 1.4. ASSUMPTIONS & LIMITATIONS

2. EXECUTIVE SUMMARY

  • 2.1. MARKET SIZE & ESTIMATES
  • 2.2. MARKET OVERVIEW

3. MARKET DYNAMICS

  • 3.1. DEVELOPMENT OF ELECTRIC VEHICLE CHARGING TECHNOLOGY
  • 3.2. KEY DRIVERS
    • 3.2.1. GROWTH IN ELECTRIC VEHICLE INDUSTRY
    • 3.2.2. RISING ENVIRONMENT POLLUTION CONCERNS
    • 3.2.3. GOVERNMENTAL PUSH FOR ELECTRIC VEHICLE INDUSTRY
    • 3.2.4. TECHNOLOGICAL ADVANCEMENTS
    • 3.2.5. PHASE-OUT PLANS OF INTERNAL COMBUSTION ENGINE VEHICLES BY VARIOUS COUNTRIES
  • 3.3. KEY RESTRAINTS
    • 3.3.1. HIGH COSTS OF ELECTRIC VEHICLE CHARGING INFRASTRUCTURE
    • 3.3.2. LACK OF STANDARDIZATION
    • 3.3.3. HIGH CHARGING TIME
    • 3.3.4. COMPETITION FROM HYDROGEN FUEL CELL VEHICLES

4. KEY ANALYTICS

  • 4.1. IMPACT OF COVID-19 ON ELECTRIC VEHICLE CHARGING SYSTEM MARKET
  • 4.2. KEY INVESTMENT INSIGHTS
  • 4.3. PORTER'S FIVE FORCES ANALYSIS
    • 4.3.1. BUYERS POWER
    • 4.3.2. SUPPLIERS POWER
    • 4.3.3. SUBSTITUTION
    • 4.3.4. NEW ENTRANTS
    • 4.3.5. INDUSTRY RIVALRY
  • 4.4. OPPORTUNITY MATRIX
  • 4.5. VENDOR LANDSCAPE
  • 4.6. INCENTIVES FOR ELECTRIC VEHICLE CHARGING SYSTEM MARKET
  • 4.7. VALUE CHAIN ANALYSIS

5. MARKET BY PRODUCT TYPE

  • 5.1. HOME CHARGING SYSTEMS
  • 5.2. COMMERCIAL CHARGING SYSTEMS

6. MARKET BY MODE OF CHARGING

  • 6.1. PLUG-IN CHARGING SYSTEM
    • 6.1.1. LEVEL 1
    • 6.1.2. LEVEL 2
    • 6.1.3. LEVEL 3
  • 6.2. WIRELESS CHARGING SYSTEM

7. GEOGRAPHICAL ANALYSIS

  • 7.1. NORTH AMERICA
    • 7.1.1. KEY GROWTH ENABLERS
    • 7.1.2. KEY CHALLENGES
    • 7.1.3. KEY PLAYERS
    • 7.1.4. COUNTRY ANALYSIS
      • 7.1.4.1. UNITED STATES
      • 7.1.4.2. CANADA

8. COMPETITIVE LANDSCAPE

  • 8.1. KEY STRATEGIC DEVELOPMENTS
    • 8.1.1. MERGERS & ACQUISITIONS
    • 8.1.2. PRODUCT LAUNCHES & DEVELOPMENTS
    • 8.1.3. PARTNERSHIP & AGREEMENTS
    • 8.1.4. BUSINESS EXPANSIONS & DIVESTURES
  • 8.2. COMPANY PROFILES
    • 8.2.1. ABB LTD
    • 8.2.2. ALFEN
    • 8.2.3. ALLEGO
    • 8.2.4. BLINK
    • 8.2.5. CHARGEPOINT
    • 8.2.6. DELTA ELECTRONICS INC
    • 8.2.7. EATON
    • 8.2.8. EFACEC
    • 8.2.9. EVBOX
    • 8.2.10. EVGO
    • 8.2.11. SCHNEIDER ELECTRIC
    • 8.2.12. SEMACONNECT
    • 8.2.13. SIEMENS
    • 8.2.14. TESLA
    • 8.2.15. WEBASTO

LIST OF TABLES

  • TABLE 1: MARKET SNAPSHOT - ELECTRIC VEHICLE CHARGING SYSTEM
  • TABLE 2: COUNTRY-WISE PHASE-OUT PLANS FOR ICE VEHICLES
  • TABLE 3: INCENTIVES FOR NORTH AMERICA
  • TABLE 4: NORTH AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY PRODUCT TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 5: NORTH AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY PRODUCT TYPE, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 6: NORTH AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY MODE OF CHARGING, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 7: NORTH AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY MODE OF CHARGING, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 8: NORTH AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY CHARGING VOLTAGE LEVEL, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 9: NORTH AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY CHARGING VOLTAGE LEVEL, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 10: ADVANTAGES & DISADVANTAGES OF WIRELESS CHARGING SYSTEM
  • TABLE 11: NORTH AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 12: NORTH AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 13: LIST OF MERGERS & ACQUISITIONS
  • TABLE 14: LIST OF PRODUCTS LAUNCHES & DEVELOPMENTS
  • TABLE 15: LIST OF PARTNERSHIPS & AGREEMENTS
  • TABLE 16: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES

  • FIGURE 1: LITHIUM-ION BATTERY PRICE PER KWH (2010-2018)
  • FIGURE 2: KEY INVESTMENT INSIGHTS
  • FIGURE 3: PORTER'S FIVE FORCES ANALYSIS
  • FIGURE 4: OPPORTUNITY MATRIX
  • FIGURE 5: VENDOR LANDSCAPE
  • FIGURE 6: VALUE CHAIN ANALYSIS
  • FIGURE 7: NORTH AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, GROWTH POTENTIAL, BY PRODUCT TYPE, IN 2020
  • FIGURE 8: NORTH AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY HOME CHARGING SYSTEMS, 2021-2028 (IN $ MILLION)
  • FIGURE 9: NORTH AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY COMMERCIAL CHARGING SYSTEMS, 2021-2028 (IN $ MILLION)
  • FIGURE 10: NORTH AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, GROWTH POTENTIAL, BY MODE OF CHARGING, IN 2020
  • FIGURE 11: NORTH AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY PLUG-IN CHARGING SYSTEM, 2021-2028 (IN $ MILLION)
  • FIGURE 12: NORTH AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, GROWTH POTENTIAL, BY CHARGING VOLTAGE LEVEL, IN 2020
  • FIGURE 13: NORTH AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY LEVEL 1, 2021-2028 (IN $ MILLION)
  • FIGURE 14: NORTH AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY LEVEL 2, 2021-2028 (IN $ MILLION)
  • FIGURE 15: NORTH AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY LEVEL 3, 2021-2028 (IN $ MILLION)
  • FIGURE 16: NORTH AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY WIRELESS CHARGING SYSTEM, 2021-2028 (IN $ MILLION)
  • FIGURE 17: NORTH AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
  • FIGURE 18: UNITED STATES ELECTRIC VEHICLE CHARGING SYSTEM MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 19: CANADA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, 2021-2028 (IN $ MILLION)