U.S. Electric Vehicle (EV) Charging Market by Charging Type (Off-Board Top-Down Pantograph, On-Board Bottom-Up Pantograph, and Charging Via Connector), Charging Voltage Level (Level 1 (<3.7 KW), Level 2 (3.7–22 KW), and Level 3 (Above 22 KW)), Charger Typ

U.S. Electric Vehicle (EV) Charging Market by Charging Type (Off-Board Top-Down Pantograph, On-Board Bottom-Up Pantograph, and Charging Via Connector), Charging Voltage Level (Level 1 (<3.7 KW), Level 2 (3.7–22 KW), and Level 3 (Above 22 KW)), Charger Type (Slow Charger and Fast Charger), Vehicle Charging (AC, DC, Inductive Charging), Application (Commercial and Residential), Commercial (Commercial Public EV Charging Stations, On-Road Charging and Commercial Private EV Charging Stations), Installation Type (Portable Charger and Fixed Charger), IoT Connectivity (Non-Connected Charging Stations and Smart Connected Charging Stations (Networked)) and Charging Standard (CCS, CHADEMO & GB/T, Type 1/Normal Charging, Tesla Super Charger, Type-2, and Level 3) – Opportunity Analysis and Industry Forecast 2023–2030

U.S. Electric Vehicle (EV) Charging Market was valued at USD 941.29 million in 2022, and is predicted to reach USD 8851.3 million by 2030, with a CAGR of 32.9% from 2023 to 2030.

Through the implementation of regulatory laws and regional initiatives, the United States is taking aggressive emission reduction steps to lower atmospheric CO2 concentrations. Respiratory illnesses have been brought on by poor air quality in several major cities, including New York City, Los Angeles, and Houston, among others. Such circumstances make it challenging to survive in the current climate.

In order to reduce air pollution levels, the EPA approved new regulations (the National Emissions Ceilings (NEC) Directive) for its member states in 2016. The necessity for an environmentally benign and low-residue method of transportation is being driven by all of these concerns taken together.

Consequently, encouraging the use of electric vehicles and the growing demand for infrastructure to facilitate electric vehicle charging. There is a growing market for electric vehicles thanks to the large selection of EVs offered by numerous Original Equipment Manufacturers (OEMs), such as Tesla, Ford, and General Motors.

For instance, in June 2021, General Motors stated that it would spend USD 35 billion on developing and expanding its electric vehicle (EV) production capacity to more than one million units by 2025.

Developing new solutions that give clients better-charging infrastructures is a major emphasis for many EV charging station providers. For instance, in September 2021, SemaConnect Inc. announced the launch of its new Series 8 retail EV charging station. This SemaConnect Series 8 level 2 charging station has an intuitive network platform, interactive LED lights, and a sleek design.

However, lack of incentives and worries about the high installation costs of EV charger installation could prevent the growth of the sector. One of the biggest barriers to the expansion of this business is the high initial cost of level 3 and ultra-fast chargers. While level 1 and level 2 chargers can take anything from 6 to 16 hours to fully charge, consumers typically charge their fossil fuel vehicles in 5 to 7 minutes.

Fast chargers that can charge EVs in under 30 minutes are therefore in demand on the market. A level 3 charging station can be somewhat expensive at first, though. For those who might want to transition to EVs, this could be a deterrent because a lengthy charging period might interfere with their already hectic schedules.

On the other hand, the integration of vehicle-to-grid (V2G) EV charging allows plug-in EVs and the power grid to exchange electrical energy in both directions. Electric vehicles (EVs) can store extra electricity and release it to the grid thanks to V2G technology. This may enhance the functionality of the electrical component and increase value for EV owners.

The development of this concept has made charging for electric vehicles easier, and EVs are now among people's top transportation options. As a result, the entire market for charging stations is essential for connecting the electric vehicle to the grid and enabling the vehicle to charge.

As a result, manufacturers have a great chance with the V2G charging technology because it is predicted to change the EV industry and determine how EVs will be charged in the future. Although V2G infrastructure is more beneficial than smart charging, installing V2G charging stations has a hefty up-front cost. Manufacturers of EV connectors are projected to have opportunities to produce sophisticated connectors to withstand electrical architecture due to the predictable and anticipated expansion of V2G technology.

Segment Overview

The U.S. Electric Vehicle (EV) Charging market industry is segmented on the basis of charging type, charging voltage level, charger type, IOT connectivity, vehicle charging, application, commercial, installation type, and charging standard.
• By charging type, the market is classified into off-board top-down pantograph, on-board bottom-up pantograph, charging via connector.
• By charging voltage level, the market is segmented into level 1 (<3.7 kw), level 2 (3.7–22 kw), level 3 (above 22 kw).
• By charger type, the market is divided into small charger, fast charger.
• By IOT connectivity, the market is segmented into non-connected charging stations, smart connected charging stations (networked).
• By vehicle charging, the market is divided into AC, DC, inductive charging.
• By application, the market is separated into commercial, residential.
• By commercial, the market is classified into commercial public EV charging stations, commercial private EV charging stations.
• By installation type, the market is divided into portable charging, fixed charging.
• By charging standard, the market is separated into CCS, chademo & GB/T, type 1/normal charging, tesla super charger, type-2, level 3.

Key Market Players

The key players in the U.S. Electric Vehicle (EV) Charging market research include companies such as:

KEY PLAYERS
• ABB Ltd.
• ChargePoint, Inc
• Tesla Inc
• Shell Recharge Solutions
• Star Charge
• TELD
• Siemens
• BYD
• EVgo
• Hyundai Motor Company

KEY BENEFITS
• The U.S. Electric Vehicle (EV) Charging market report provides a quantitative analysis of the current market and estimations from 2023 to 2030. This analysis assists in identifying the prevailing market opportunities.
• The study comprises a comprehensive analysis of the market trends, including current and future trends for depicting prevalent investment pockets in the market.
• The information related to key drivers, restraints, and opportunities and their impact on the U.S. Electric Vehicle (EV) Charging market is provided in the report.
• The competitive analysis of the market players along with their market share in the U.S. Electric Vehicle (EV) Charging market is provided in the report.
• The SWOT analysis and Porter’s Five Forces model are elaborated in the study.
• The value chain analysis in the market study provides a clear picture of the role of stakeholders.