Semiconductors and Electronics

North America Electric Vehicle Charging Stations Market : Know Major Reasons for Rise in Recent Period by Top Companies like Tesla, Efacec, Engie Group, ABB, Schneider Electric, Siemens AG, SemaConnect, ClipperCreek, Allego B.V.

Electric Vehicle Charging Stations Market Report

North America Market Research Report displays key data and information about several factors which helps achieve success in the competitive marketplace. Summary of the market is analysed with respect to market players who are mainly customers, businesses or clients. SWOT analysis is the standard, prominent and full-proof method to perform the market research study which is used to formulate this particular North America Market Report. To be ahead of the competition, a systematic idea about the competitive landscape, their product range, their strategies, and future prospects are very important.

North-America-Electric-Vehicle-Charging-Stations
North America Electric Vehicle Charging Stations Market

An electric vehicle charging stations is a point to charge the battery of an electric vehicle, which varies vehicles to vehicles. There are few types of technology which are used in charging the vehicles based on the battery’s input power which are as follows: type 1, type 2, and type 3. The charging stations can be DC charging or AC charging type or inductive charging station.

These charging points can be installed either in residential or commercial applications, and it provides the speed to charge the electric vehicle depends on the type of technology the battery uses.

North America electric vehicle charging stations market is projected to register a CAGR of 46.7% in the forecast period of 2019 to 2026.

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Competitive Analysis: North America Electric Vehicle Charging Stations Market

Some of the prominent participants operating in this market are

  • Tesla
  • Efacec
  • Engie Group
  • ABB
  • Schneider Electric
  • Siemens AG
  • Liikennevirta Oy (Ltd.)
  • SemaConnect
  • ClipperCreek
  • Allego B.V.
  • Leviton Manufacturing Co. Inc.
  • EVgo Services LLC
  • ChargePoint, Inc.
  • Blink Charging Co.
  • Alfen N.V.
  • AeroVironment Inc. and among others.

Segmentation: North America Electric Vehicle Charging Stations Market

North America electric vehicle charging stations market is segmented into five notable segments which are charging station, vehicle type, charging stations standards, installation type and technology

  • On the basis of charging station, the market is segmented into AC charging station, DC charging station and inductive charging station. The AC charging station segment is sub-segmented into residential and commercial. The DC charging station segment is sub-segmented into residential and commercial. In 2019, DC charging station segment is likely to grow at the highest CAGR in the forecast period of 2019 to 2026.
    • In December 2018, ChargePoint Inc. announced the partnership with Greenlots for enabling the charging between the networks in North America.
  • On the basis of vehicle type, the market is segmented into battery electric vehicle (BEV) and plug-in hybrid vehicle (PHEV). The marine plug-in hybrid vehicle (PHEV) segment is sub-segmented into series PHEV and parallel PHEV. In 2019, battery electric vehicle (BEV) segment is likely to grow at the highest CAGR in the forecast period of 2019 to 2026.
    • In December 2018, SemaConnect has announced that it has deployed electric vehicle charging stations at Rockland Trust Bank in Massachusetts, which would help in enhancing their business as more companies would try to get their services.

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North America Electric Vehicle Charging Stations Market Overview

 DRIVERS

  • INCREASING DEMAND FOR ELECTRIC VEHICLES
  • INCENTIVES & SUBSIDIES BY GOVERNMENT FOR ELECTRIC VEHICLES
  • INCREASING ENVIRONMENTAL CONCERNS

RESTRAINTS

  • HIGH UPFRONT COST
  • LACK OF COMMON CHARGING TECHNOLOGY

OPPORTUNITIES

  • VEHICLE-TO-GRID (V2G) TECHNOLOGY FOR EV CHARGING STATIONS
  • RENEWABLE SOURCES OF ENERGY FOR ELECTRICITY

CHALLENGE

  • HIGH EQUIPMENT AND INSTALLATION COST
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Product Launch

  • In October 2018, Allego has launched Allego’s EV Cloud which contains a smart charging solution that helps in renewing the energy and grid capacity. Allego uses Microsoft Azure platform for smart charging, data modelling and real time data processing.
  • In September 2018, EVgo announced the launch of FastStart, which is a mobile and modular fast charging station, and is capable of Level 2 and DC Fast Charging.
  • In February 2018, ClipperCreek announced the launch of the CP-50 which is used for installing and maintaining electric vehicle supply equipment.
  • In June 2016, ClipperCreek announced the launch of the HCS-40 electric vehicle charging stations which is robust in nature and it uses level 2 technologies, which can be beneficial for the company as it can be used in various applications like workplace, fleet and residential.

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