South America EV Charging Infrastructure Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Platform (Hardware and Services), Hardware (AC Charger and DC Charger), Charger Type (Public Chargers and Private Chargers), and IEC Mode (2, 3, an

South America EV Charging Infrastructure Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Platform (Hardware and Services), Hardware (AC Charger and DC Charger), Charger Type (Public Chargers and Private Chargers), and IEC Mode (2, 3, and 4)

The SAM EV charging infrastructure market is expected to grow from US$ 359.08 million in 2021 to US$ 683.16 million by 2028. It is estimated to rise at a CAGR of 9.6% from 2021 to 2028.

Accelerated technological development of next-generation electric vehicles and their supporting components and the evolution of charging-technology providers are leading to rapid advancements in EV charging technology. The operations of electric vehicle charging stations are transforming due to the rising penetration of artificial intelligence (AI), the internet of things (Io T), and cloud computing. Many key market players are beginning to shift their focus toward developing smart charging stations, which enables data connection between stations and EVs. Several technology providers, including ABB and Delta Electronics, focus on next-generation EV charging technology to integrate cloud connectivity, AI, access via smartphone, and fast charging in their infrastructure. Furthermore, the emergence of new software solutions, such as cloud-based digital solutions for real-time fleet management and acceleration in electrification, is shaping the market. Therefore, charging systems, designed for fast charging and high power, including the use of software solutions for a cloud-connected EV charging infrastructure, are expected to pave the way for the market's growth and become a prominent trend in the coming years, consequently driving the SAM market during the forecast period.

SAM countries, especially Brazil, were highly affected by the COVID-19 pandemic. These economies have been witnessing substantial growth in a number of industries over the past few years. However, the COVID-19 pandemic disrupted the operations in various segments, including transportation and infrastructure. Due to the non-availability of raw materials, the market was negatively impacted. Systems used in many charging stations include various semiconductor components, most of which are imported from other countries. Due to supply chain disruption, the revamp of existing infrastructure and the implementation of new charging infrastructure came to a halt during the first half of 2020. As a response to the drastic impact of the pandemic on transportation systems, various reports by the World Bank, ITU, GSMA, and World Economic Forum suggest that major countries in SAM need to support the uptake of electric vehicles and renewable energy in transportation. This factor has created a massive demand for essential charging infrastructure across the region. Leading market players are actively taking initiatives to promote EV sales in the region and thereby expanding their presence across SAM countries, such as Brazil, Chile, and Argentina. For instance, in 2020, Enel X made 220 Juice Box charging points available, covering a distance of over 13,000km from Ushuaia, the southernmost city in SAM, to the Mexican city of Ensenada. These developments in the region, which are accelerated due to the COVID-19 pandemic, are creating positive growth prospects for the EV charging infrastructure market.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the SAM EV charging infrastructure market at a promising CAGR during the forecast period.

SAM EV Charging Infrastructure Market Revenue and Forecast to 2028 (US$ Million)

SAM EV Charging Infrastructure Market Segmentation

SAM EV Charging Infrastructure Market - By Platform

Hardware Services SAM EV Charging Infrastructure Market - By Hardware

AC charger Level 1 Charger (120 V) Level 2 Charger (240 V) DC Charger SAM EV Charging Infrastructure Market - By Charger Type

Public Chargers Private Chargers SAM EV Charging Infrastructure Market - By IEC Mode

2 3 4SAM EV Charging Infrastructure Market, by Country

Brazil Argentina Rest of SAM SAM EV Charging Infrastructure Market - Companies Mentioned

Blink Charging Co. BP p.l.c. Delta Electronics, Inc. RWE AG Tesla, Inc. Webasto Group

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