South America Electric Vehicle Charging Equipment Market – Size, Trends and Forecast (2024

South America Electric Vehicle Charging Equipment Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

A vehicle charging station provides electric energy for recharging the extended-range electric vehicle, electrically-powered vehicles, including hybrid electric vehicle, plug-in hybrid electric vehicle, battery electric vehicle. The development of charging infrastructures has played a major role in supporting the growing population of electric vehicles (EVs).

South America Electric Vehicle Charging Equipment Market Segments Size & Growth:

South America Electric Vehicle Charging Equipment Market is expected to increase by an $XX billion by 2024 at a CAGR of XX%. The rising adoption of electric vehicles is expected to be more in the passenger cars which is driving the market growth. Due to the increasing adoption of these electric vehicles accounted for the growth of research & development activities and initiatives undertaken to improve the existing EV models. Safety concerns about electric vehicle charging systems are hampering the adoption of these systems to a certain extent.

South America Electric Vehicle Charging Equipment Market Segments Share:

South America Electric Vehicle Charging Equipment market is segmented into a type which includes Inductive charging station, Ac charging station, and Dc charging station. AC charging stations accounted the largest share in 2017 and estimated to grow at a moderate CAGR during the forecasting period. When compared to the Dc charging stations, AC charging stations are convenient, less expensive, and require less modification or upgrades as they work on 120V or 240 VAC, which is same as that used for residences. DC chargers can charge an EV

South America Electric Vehicle Charging Equipment Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

in 20-30 minutes. These chargers can transform high-voltage AC to DC, for storage in electric vehicles. Based on the connector type, South America Electric Vehicle Charging Equipment is segmented into CCS, Chademo, and Others. The term CHAdeMO was derived from CHArge de MOve. CHAdeMo accounted the largest share in global electric vehicle charging equipment.

CHAdeMO connectors can deliver 62.5 kW of DC and are specified by Japan Electric Vehicle Standard (JEVS). CHAdeMO connectors have capabilities include independence between the AC and DC inlets of CHAdeMO which allows a flexible vehicle design. By location type, South America Electric Vehicle Charging Equipment market is divided into public and private. Private location type accounted the largest share in 2017 and estimated to continue during the forecasting period. This because of people prefers to charge their cars at their residentials just use them for the next day. Based on end-user electrical vehicle charging market is segmented into commercial, residential and others. Residential segment accounted the largest EV charging station market size as households are likely to charge their electric vehicles at homes to use them used next day.

Americas are the fastest growing regions and estimated to grow at a considerable CAGR during the forecasting period.

South America Electric Vehicle Charging Equipment Market Trends:

ABB Terra 53 is a multi-standard DC charging station 50 kW CCS and CHAdeMO, and 60kW GB by ABB Ltd.
Durastation is an electric charger offered by the general electric

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South America Electric Vehicle Charging Equipment Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

company which offers fast charging and capable of reducing time span of charging.

Bosch Pedestal Level 2 EV Charger is a weatherproof and power output ranges from the 12-32 amps.

EVF2S22P02 is a charging station used in the public places for charging and was designed by

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