US Electric Vehicle Charging Equipment Market Size & Trends | Mordor Intelligence
Mordor Intelligence has published a new report on the “US Electric Vehicle Charging Equipment Market,” offering a comprehensive analysis of trends, growth drivers, and future projections.
Growing Demand for EV Charging Infrastructure in the US
The US electric vehicle (EV) charging equipment market is on track to hit USD 6.61 billion by 2025, reflecting a steady increase in consumer adoption of electric vehicles and the need for reliable charging infrastructure.
As more Americans transition to battery-powered mobility, the demand for accessible and efficient charging solutions both at home and in public spaces is becoming a central focus for manufacturers, utilities, and policymakers.
EV charging equipment includes a range of hardware used to recharge electric vehicles, from basic Level 1 chargers to high-speed DC fast chargers.
The market is shaped by the growing number of battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and hybrid electric vehicles (HEVs) on US roads. With federal and state-level incentives supporting EV purchases and infrastructure development, the charging equipment sector is expected to see consistent growth through 2030.
Explore Full Report Details: https://www.mordorintelligence.com/industry-reports/us-electric-vehicle-charging-equipment-market?utm_source=openpr
Key Trends in the US EV Charging Equipment Market
Home Charging Leads the Way
Residential charging remains the most common method for EV owners, especially those with access to private garages or driveways. Level 2 AC chargers are increasingly preferred for their faster charging times compared to Level 1 units. The convenience of overnight charging at home continues to drive demand in suburban and rural areas.
Public Charging Network Expansion
While home charging dominates, public charging stations are gaining traction, particularly in urban centers, along highways, and at commercial locations. Retailers, parking facilities, and workplaces are installing chargers to attract EV-driving customers and employees. Public charging is essential for drivers without access to home setups and for long-distance travel.
DC Fast Charging Gains Momentum
Direct Current (DC) fast chargers are becoming more widespread, offering rapid charging capabilities that significantly reduce wait times. These chargers are especially useful for commercial fleets and high-traffic public locations. Their higher cost and power requirements limit their use in residential settings, but they are critical for building a robust national charging network.
Policy and Incentives Support Growth
Federal programs like the Bipartisan Infrastructure Law and state-level initiatives are providing funding and incentives for EV infrastructure. These efforts aim to reduce range anxiety and encourage broader EV adoption by making charging more accessible.
Explore Japanese Version of the Report: https://www.mordorintelligence.com/ja/industry-reports/us-electric-vehicle-charging-equipment-market?utm_source=openpr
US EV Charging Equipment Market Segmentation:
By Vehicle Type:
Battery Electric Vehicles (BEVs)
Plug-in Hybrid Electric Vehicles (PHEVs)
Hybrid Electric Vehicles (HEVs)
By Application:
Home Charging
Workplace Charging
Public Charging
By Charging Type:
AC Charging (Level 1 and Level 2)
DC Charging
Browse Energy and Power Industry Research Details: https://www.mordorintelligence.com/market-analysis/energy-power?utm_source=openpr
Key Players in the US EV Charging Equipment Market
Siemens AG
Tesla Inc.
Robert Bosch GmbH
Delta Electronics Inc.
ABB Ltd
Conclusion: Outlook for the US EV Charging Equipment Market
The US EV charging equipment market is entering a phase of steady growth, supported by rising EV adoption, infrastructure funding, and consumer demand for convenient charging options. With a projected market value of USD 6.61 billion by 2025, the sector is becoming a vital part of the broader transportation ecosystem.
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This release was published on openPR.
