LATIN AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET 2021-2028

Automotive & Transportation | Automotive Technologies

LATIN AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET 2021-2028

Market by Product Type, Mode of Charging, and Country | Forecast 2021-2028

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Triton’s report suggests that the electric vehicle charging system market in Latin America is anticipated to experience progress at a CAGR of 47.71% during the forecast period 2021-2028.


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The countries analyzed in this market include:

•        Brazil

•        Mexico

•        Rest of Latin America

In Latin America, the automotive industry is dominated majorly by Brazil and Mexico. These countries have developed into major manufacturing bases. Besides, the population base’s growth has increased reliance on private transport, increasing the number of cars, extended travel period, traffic congestion, and pollution. This has compelled the governments to develop infrastructure for electric vehicles, decreasing vehicular emission, improving safety, reducing congestion, and enhancing productivity. Such developments increase the demand for electric vehicle charging systems, simultaneously boosting the electric vehicle charging system market.

In Brazil, the electrified models are primarily hybrids offered by Toyota, Volvo, Lexus, and Volkswagen. Moreover, the number of electric vehicles in the country is growing in an exponential way. The electric energy company EDP is installing 30 rapid electric vehicle chargers along the state highways in São Paulo, adding to the existing network of 34 charging points in the neighboring states. Additionally, Audi announced its investment to establish electric vehicle charging stations across the country in the next few years. Therefore, such developments in the adoption of electric vehicles, coupled with significant investments by prominent players, are driving the market on a positive growth trajectory.

ChargePoint is engaged in developing and marketing networked electric vehicle charging system infrastructure, along with cloud-based services. It permits the consumers to locate, reserve, validate, and execute EV charging sessions. The company’s network offers multiple web-based gateways for charging system owners, drivers, and utilities. ChargePoint’s public and private stations are scattered across countries in numerous regions, including Latin America. 

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Table of Content

1. LATIN AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET - SUMMARY

2. INDUSTRY OUTLOOK

2.1. KEY INSIGHTS

2.1.1. RISE IN INVESTMENTS IN ELECTRIC VEHICLE INDUSTRY

2.1.2. RISING ENVIRONMENTAL POLLUTION INCREASES GROWTH PROSPECTS FOR THE MARKET

2.1.3. MANY COUNTRIES HAVE SET TARGETS TO PHASE-OUT INTERNAL COMBUSTION ENGINE VEHICLES

2.2. IMPACT OF COVID-19 ON ELECTRIC VEHICLE CHARGING SYSTEM MARKET

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS

2.3.2. THREAT OF SUBSTITUTE

2.3.3. BARGAINING POWER OF SUPPLIERS

2.3.4. BARGAINING POWER OF BUYERS

2.3.5. THREAT OF COMPETITIVE RIVALRY

2.4. MARKET ATTRACTIVENESS MATRIX

2.5. INDUSTRY COMPONENTS

2.6. VENDOR SCORECARD

2.7. KEY MARKET STRATEGIES

2.7.1. CONTRACTS & PARTNERSHIPS

2.7.2. BUSINESS EXPANSIONS & DIVESTITURES

2.7.3. ACQUISITIONS & MERGERS

2.7.4. NEW PRODUCT LAUNCHES

2.8. MARKET DRIVERS

2.8.1. GROWTH IN ELECTRIC VEHICLE SALES

2.8.2. GOVERNMENTAL INITIATIVES IN FAVOR OF THE MARKET

2.8.3. TECHNOLOGICAL INNOVATIONS

2.9. MARKET CHALLENGES

2.9.1. HIGH SETUP COSTS

2.9.2. LACK OF STANDARDIZATION

2.9.3. EXTENDED CHARGING TIME AND COMPETITION FROM OTHER TECHNOLOGIES

2.10. MARKET OPPORTUNITIES

2.10.1. ADVANCEMENTS IN WIRELESS CHARGING TECHNOLOGY

2.10.2. GROWTH IN VEHICLE-TO-GRID (V2G) TECHNOLOGIES

2.10.3. OPPORTUNITIES FROM CHANGING MARKET DYNAMICS

3. LATIN AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET - BY PRODUCT TYPE

3.1. HOME CHARGING SYSTEMS

3.2. COMMERCIAL CHARGING SYSTEMS

4. LATIN AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET - BY MODE OF CHARGING

4.1. PLUG-IN CHARGING SYSTEM

4.1.1. LEVEL 1

4.1.2. LEVEL 2

4.1.3. LEVEL 3

4.2. WIRELESS CHARGING SYSTEM

5. LATIN AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET – REGIONAL OUTLOOK

5.1. BRAZIL

5.2. MEXICO

5.3. REST OF LATIN AMERICA

6. COMPETITIVE LANDSCAPE

6.1. ABB LTD

6.2. ALFEN

6.3. ALLEGO

6.4. BLINK

6.5. CHARGEPOINT

6.6. DELTA ELECTRONICS INC

6.7. EATON

6.8. EFACEC

6.9. EVBOX

6.10. EVGO

6.11. SCHNEIDER ELECTRIC

6.12. SEMACONNECT

6.13. SIEMENS

6.14. TESLA

6.15. WEBASTO

7. METHODOLOGY & SCOPE

7.1. RESEARCH SCOPE & DELIVERABLES

7.2. SOURCES OF DATA

7.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: LATIN AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY COUNTRY OUTLOOK, 2021-2028 (IN $ MILLION)

TABLE 2: COUNTRY-WISE PHASE-OUT PLANS FOR ICE VEHICLES

TABLE 3: MARKET ATTRACTIVENESS MATRIX

TABLE 4: VENDOR SCORECARD

TABLE 5: LIST OF CONTRACTS & PARTNERSHIPS

TABLE 6: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

TABLE 7: LIST OF ACQUISITIONS & MERGERS

TABLE 8: LIST OF NEW PRODUCT LAUNCHES

TABLE 9: LATIN AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY PRODUCT TYPE, 2021-2028 (IN $ MILLION)

TABLE 10: LATIN AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY MODE OF CHARGING, 2021-2028 (IN $ MILLION)

TABLE 11: LATIN AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY PLUG-IN CHARGING SYSTEM, 2021-2028 (IN $ MILLION)

TABLE 12: ADVANTAGES & DISADVANTAGES OF WIRELESS CHARGING SYSTEM

TABLE 13: LATIN AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY COUNTRY OUTLOOK, 2021-2028 (IN $ MILLION)

List of Figures

FIGURE 1: PORTER’S FIVE FORCES ANALYSIS

FIGURE 2: INDUSTRY COMPONENTS

FIGURE 3: INDUSTRY PLAYER POSITIONING IN 2020 (IN %)

FIGURE 4: LITHIUM-ION BATTERY PRICE PER KWH (2010-2018)

FIGURE 5: LATIN AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY PRODUCT TYPE, 2020 & 2028 (IN %)

FIGURE 6: LATIN AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY HOME CHARGING SYSTEMS, 2021-2028 (IN $ MILLION)

FIGURE 7: LATIN AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY COMMERCIAL CHARGING SYSTEMS, 2021-2028 (IN $ MILLION)

FIGURE 8: LATIN AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY MODE OF CHARGING, 2020 & 2028 (IN %)

FIGURE 9: LATIN AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY PLUG-IN CHARGING SYSTEM, 2021-2028 (IN $ MILLION)

FIGURE 10: LATIN AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY PLUG-IN CHARGING SYSTEM, 2020 & 2028 (IN %)

FIGURE 11: LATIN AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY LEVEL 1, 2021-2028 (IN $ MILLION)

FIGURE 12: LATIN AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY LEVEL 2, 2021-2028 (IN $ MILLION)

FIGURE 13: LATIN AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY LEVEL 3, 2021-2028 (IN $ MILLION)

FIGURE 14: LATIN AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY HARDWARE, 2021-2028 (IN $ MILLION)

FIGURE 15: LATIN AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, COUNTRY OUTLOOK, 2020 & 2028 (IN %)

FIGURE 16: BRAZIL ELECTRIC VEHICLE CHARGING SYSTEM MARKET 2021-2028 (IN $ MILLION)

FIGURE 17: MEXICO ELECTRIC VEHICLE CHARGING SYSTEM MARKET 2021-2028 (IN $ MILLION)

FIGURE 18: REST OF LATIN AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET 2021-2028 (IN $ MILLION)

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