US electric vehicle charging infrastructure market
Dublin, May 27, 2022 (GLOBE NEWSWIRE) — The report “US Electric Vehicle Charging Infrastructure Market Size, Share & Trends Analysis Report by Charger Type, by Connector, by Application, and Segment Forecasts, 2022-2030” has been added to from ResearchAndMarkets.com offer.
The US electric vehicle charging infrastructure market size is expected to reach USD 49.14 billion by 2030, growing at a CAGR of 36.9% from 2022 to 2030.
The growth of the market can be attributed to the growing environmental concerns and growing demand for sustainable and energy-efficient transportation. Additionally, increasing advancements in communication technologies such as availability of real-time information on all electric vehicle charging stations for better connectivity will help propel the growth of the market.
Several EV charging station providers are focused on launching innovative payment technologies across all of their stations in the United States to provide a better customer experience.
Technological advancements in EV charging software and hardware are expected to change the way EV owners use and benefit from EV charging applications. Technologies such as the Smartcar API and charging networks accurately determine the charging time of an electric vehicle before the driver even plugs the car into a charging station. In addition, green energy is expected to play an important role in public and residential electric vehicle charging spaces.
The COVID-19 pandemic has had a negative impact on the market. Lack of electric vehicle charging infrastructure is seen as a major barrier to the electric vehicle industry. However, as governments around the world focus on emerging from this global pandemic with a stronger and more resilient economy, electric vehicles are expected to continue to attract considerable attention. For example, in the United States, California is emerging with strong EV targets, which is expected to positively impact the EV charging infrastructure market over the forecast period.
Technological advancements in battery technology and growing momentum for autonomous vehicles are driving the growth of the US market. In addition, the ecological advantages offered by electric vehicles help to increase their sales.
Consumer preference for using electric vehicles for long-distance travel and increasing deployment of electric vehicle charging infrastructure by businesses are expected to drive the US demand for fast chargers during the forecast period.
Easy integration with smart grid infrastructure and two-way charging capability are expected to drive the growth of CHAdeMO segment over the forecast period.
North America is a leading market in terms of the number of electric vehicles compared to gasoline vehicles in the region. New York is emerging as a leading state in electric vehicle adoption, which is expected to increase over the projection period.
Main topics covered:
Chapter 1. Methodology and scope
Chapter 2. Executive Summary
2.1. Overview of the Electric Vehicle Charging Infrastructure Market in the United States – Industry Overview and Key Buying Criteria, 2017-2030
2.2. US Electric Vehicle Charging Infrastructure Market, 2017-2030
2.2.1. By loader type, 2017-2030
2.2.2. By connector, 2017-2030
2.2.3. By request, 2017-2030
Chapter 3. US Electric Vehicle Charging Infrastructure Industry Outlook
3.1. Market segmentation and scope
3.2. Market size and growth prospects
3.3. Value chain analysis
3.3.1. Supplier Landscape
3.4. Market dynamics
3.4.1. Market Driver Analysis
22.214.171.124. Growing contribution of the transport sector to carbon emissions
126.96.36.199. Advances in Battery Technology and Growing Focus on Autonomous Vehicles
188.8.131.52. Government regulations and tax exemptions are further driving the adoption of electric vehicles
3.4.2. Analysis of market challenges
184.108.40.206. High costs of setting up an EV infrastructure
220.127.116.11. Need for dedicated charging space and fluctuating electricity rates
18.104.22.168. Emergence of hydrogen fuel cell vehicles
3.4.3. Analysis of market opportunities
22.214.171.124. Lower costs of lithium-ion batteries
3.5. Mapping penetration and growth prospects
3.6. Porter’s Five Forces Analysis
3.7. Business Ranking Analysis, 2021
3.8. Pestel analysis
3.9. Trend analysis
3.10. Price analysis
3.11. Changing role of utility companies
Chapter 4. Prospects of Electric Vehicle Charging Infrastructure Charger Type in United States
4.1. Electric vehicle charging infrastructure market share in the United States by charger type, 2021 and 2030
4.2. slow loader
4.3. fast charger
Chapter 5. US Electric Vehicle Charging Infrastructure Connector Outlook
5.1. United States electric vehicle charging infrastructure market share by connector, 2021 & 2030
5.3. Combined Charging System (CCS)
Chapter 6. Application Prospects of Electric Vehicle Charging Infrastructure in United States
6.1. United States electric vehicle charging infrastructure market share by application, 2021 & 2030
Chapter 7. Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/r/w3guqy
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