Market Size of US Electric Vehicle (EV) Charging Equipment Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 5.33 Billion |
| Market Size (2029) | USD 15.61 Billion |
| CAGR (2024 - 2029) | 23.99 % |
| Market Concentration | Medium |
Major Players_Charging_Equipment_Market.webp)
*Disclaimer: Major Players sorted in no particular order |
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US Electric Vehicle (EV) Charging Equipment Market Analysis
The US Electric Vehicle Charging Equipment Market size is estimated at USD 5.33 billion in 2024, and is expected to reach USD 15.61 billion by 2029, growing at a CAGR of greater than 23.99% during the forecast period (2024-2029).
- Over the medium term, factors like the growing adoption of electric vehicles in the country and the development of electric vehicle infrastructure are expected to drive the charging equipment market during the forecast period.
- On the other hand, high installation costs associated with setting up charging stations and maintenance costs are expected to hinder the market's growth during the forecast period.
- Nevertheless, increasing investments in EVs and technological advancements in EV charging Equipment are expected to provide significant opportunities for the US electric vehicle (EV) charging equipment market during the forecast period.
