US electric vehicle charger market is forecast to grow at a CAGR of around 17.0% during the forecast period, 2019-2025. The major factor for augmenting the market include increasing electric vehicle market, supportive government regulations for electric vehicle and charging infrastructure. Some of the major electric vehicle companies working in the region include BMW AG, Audi AG, Ford Motors Co., Jaguar Land Rover, Tesla, Inc., Volkswagen AG and so on. As per the International Council on Clean Transportation (ICCT), around $2.2 billion investment by 2025 is required to develop the required charging infrastructure. Around $1.3 billion will require home charging whereas around $940 million for the workplace and public charging. About 100,000 public and workplace chargers will be required by 2025 to cater 2.6 million electric vehicles by 2025. Of the total $2.2 billion required investment, 25% will be required for hardware, 20% on materials, and 5% on permits. 

US electric vehicle charger market is segmented based on the basis of ownership, charger type, and connector type. By ownership, the market is further divided into Public and Private. Public segment is expected to contribute significant market share in the country’s electric vehicle charger market. According to the International Energy Agency, in the US there were more than 54,000 public accessible chargers in 2018. By charger type, the market is segmented into slow chargers and fast chargers. Out of the 54,000 public access chargers, 50,000 are slow chargers whereas more than 4,000 are fast chargers. As per the Department of Energy, in July 2019 the number has reached 68,800 connectors out of which around 16% are DC fast chargers. Considerable growth in the fast charger market will be witnessed during the forecast period. By connector type, the market is further divided into AC connectors and DC connectors. AC connector market is further divided into Type 1, Type 2 and other segments, whereas the DC connector market is further segmented into CHAdeMO, Combined Charging System (CCS), Type 2 (Tesla). DC connectors are expected to show a considerable growth rate during the forecast period. 

The companies which are contributing significantly in the country’s electric vehicle charger market include ABB Ltd., Tesla, Inc., Webasto SE, Blink Charging Co., ChargePoint, Inc., Eaton Corp., Schneider Electric SE, SemaConnect, Inc., Siemens AG, and others. The market players are considerably contributing to the market growth by the adoption of various growth strategies including new product launch, merger, and acquisition, collaborations with government, and technological advancements to stay competitive in the market.

Research Methodology

The market study is incorporated by extensive primary and secondary research conducted by the research team.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. In the report, the analysis of the country is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts to brings authenticity to the reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.
• Government Websites

The report is intended for automobile companies, auto-ancillary companies, EV companies, government organizations, startups and venture capitalists for the comprehensive market analysis. The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. US Electric Vehicle Charger Market Research and Analysis by Ownership
2. US Electric Vehicle Charger Market Research and Analysis by Charger Type
3. US Electric Vehicle Charger Market Research and Analysis by Connector Type

The Report Covers

• Comprehensive research methodology of the US electric vehicle charger market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the US electric vehicle charger market.
• Insights about market determinants which are stimulating the US electric vehicle charger market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.