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Electric vehicle charging stations have been growing since the formation of the industry. Consumers have been increasingly adopting electric vehicles amid prominent pushes to use products that are sustainable and more environmentally friendly than traditionally fuel-operated vehicles. The growing popularity of electric vehicles has led consumers to require charging stations across the country, particularly for consumers who have to go on longer drives or road trips. As a result, major charging station companies expanded their network, further driving revenue growth. Unfavorable economic conditions during the early stages of the pandemic resulted in shrinking revenue and profit, although the industry was able to quickly bounce back. These trends have enabled revenue to grow at an estimated CAGR of 9.9% to $414.3 million over recent years, including a 12.1% jump in 2024 alone.
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IBISWorld's research coverage on the Electric Vehicle Charging Stations industry in the United States includes market sizing, forecasting, data and analysis from 2014-2029. The most recent publication was released July 2024.
The Electric Vehicle Charging Stations industry in the United States operates under the NAICS industry code OD6292. Electric vehicle charging stations manufacture, install and operate electrical vehicle charging stations and components. These stations can be of public or private use and are leveraged by companies, households and other businesses. Related terms covered in the Electric Vehicle Charging Stations industry in the United States include level 2 charging station, direct current (dc) fast charging and electric vehicle (ev) charging station .
Products and services covered in Electric Vehicle Charging Stations industry in the United States include LEVEL 1 charging stations, LEVEL 2 charging stations and DC Fast charging stations.
The Electric Vehicle Charging Stations industry in the United States is highly fragmented with no companies holding a market share greater than 5%.
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Electric Vehicle Charging Stations industry in the United States.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Electric Vehicle Charging Stations industry in the United States.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Electric Vehicle Charging Stations industry in the United States.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Electric Vehicle Charging Stations industry in the United States. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
The Companies chapter covers Key Takeaways, Market Share and Companies in the Electric Vehicle Charging Stations industry in the United States. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Electric Vehicle Charging Stations industry in the United States. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Electric Vehicle Charging Stations industry in the United States. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Electric Vehicle Charging Stations industry in the United States.
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The market size of the Electric Vehicle Charging Stations industry in the United States is $414.3m in 2026.
There are 152 businesses in the Electric Vehicle Charging Stations industry in the United States, which has grown at a CAGR of 9.4 % between 2019 and 2024.
The market size of the Electric Vehicle Charging Stations industry in the United States has been growing at a CAGR of 9.9 % between 2019 and 2024.
Over the next five years, the Electric Vehicle Charging Stations industry in the United States is expected to grow.
Constructing electric vehicle charging stations and Providing charging services via electric vehicle charging stations are part of the Electric Vehicle Charging Stations industry in the United States.
The level of competition is moderate and increasing in the Electric Vehicle Charging Stations industry in the United States.