DUBLIN–(BUSINESS WIRE)–The “North America Electric Vehicle Charging System Market 2021-2028” report has been added to ResearchAndMarkets.com’s offering.
Electric vehicle charging system market in North America is set to garner a CAGR of 45.63% during the considered years from 2021 to 2028.
In Canada, the reviewed market is primarily driven by the growing number of electric vehicles. Moreover, the presence of well-known auto manufacturers, including Tesla, is supplementing the market’s progress. The government incentives have also added to the studied market’s development.
For instance, Transport Canada initiated a national purchase incentive program for electric vehicles. This program states that people who purchase plug-in hybrid vehicles are eligible for an incentive applied at the point-of-sale by the dealership. Thus, increasing the adoption of electric vehicles, thereby amplifying the electric vehicle charging system market’s growth.
Globally, the United States is the most technologically advanced country. Besides, it is the center of interest for the electric vehicle and charger manufacturers, such as Ford, Tesla, and others. Presently, the country dominates the electric vehicle charging system market in the region in terms of sales.
This stronghold over the market is primarily due to favorable economic conditions, leading to the rise in disposable income among consumers. Here, the demand from the urban population is one of the significant factors anticipated to support the development of electric vehicle technology in the next few years. Thus, the growth in EV adoption will stimulate the growth of the electric vehicle charging system market across the United States.
The leading companies in the electric vehicle charging system market are Siemens, Schneider Electric, SemaConnect, ChargePoint, Webasto, Alfen, and ABB Ltd.
Key Topics Covered:
1. North America Electric Vehicle Charging System Market – Summary
2. Industry Outlook
2.1. Key Insights
2.1.1. Rise in Investments in Electric Vehicle Industry
2.1.2. Rising Environmental Pollution Increases Growth Prospects for the Market
2.1.3. Many Countries Have Set Targets to Phase-Out Internal Combustion Engine Vehicles
2.2. Impact of COVID-19 on Electric Vehicle Charging System Market
2.3. Porter’s Five Forces Analysis
2.4. Market Attractiveness Matrix
2.5. List of Incentives by Various Countries for the Industry
2.6. Industry Components
2.7. Vendor Scorecard
2.8. Key Market Strategies
2.8.1. Contracts & Partnerships
2.8.2. Business Expansions & Divestitures
2.8.3. Acquisitions & Mergers
2.8.4. New Product Launches
2.9. Market Drivers
2.9.1. Growth in Electric Vehicle Sales
2.9.2. Governmental Initiatives in Favor of the Market
2.9.3. Technological Innovations
2.10. Market Challenges
2.10.1. High Setup Costs
2.10.2. Lack of Standardization
2.10.3. Extended Charging Time and Competition from Other Technologies
2.11. Market Opportunities
2.11.1. Advancements in Wireless Charging Technology
2.11.2. Growth in Vehicle-To-Grid (V2G) Technologies
2.11.3. Opportunities from Changing Market Dynamics
3. North America Electric Vehicle Charging System Market – by Product Type
3.1. Home Charging Systems
3.2. Commercial Charging Systems
4. North America Electric Vehicle Charging System Market – by Mode of Charging
4.1. Plug-In Charging System
4.1.1. Level 1
4.1.2. Level 2
4.1.3. Level 3
4.2. Wireless Charging System
5. North America Electric Vehicle Charging System Market – Regional Outlook
5.1. United States
6. Competitive Landscape
6.1. Abb Ltd
6.6. Delta Electronics Inc
6.11. Schneider Electric
7. Methodology & Scope
For more information about this report visit https://www.researchandmarkets.com/r/e9r7hh