LAMEA Electric Vehicle Charging Station Market Outlook, 2027

Latin America is still at its early stage of adopting the new technology, but still region is gradually growing in the electric vehicle market. The trend of EVs is expected to accelerate as the governments transition towards cleaner transport. The drastic change in weather conditions has encouraged public to shift towards the electric vehicles. The dominance of electric vehicles has also encouraged the EV manufacturers and the government to build EV charging stations in this region.

Nowadays even in Africa there is an increase in the popularity of EVs. This is only due to the increase in urban transport problems. Today many people own EVs and it is commonly acknowledged that providing EV charging stations in the conveniently accessible places will be beneficial to the consumers travelling to far places with electric vehicles. The charging stations will help them to charge their vehicles in between their journey.

As per research it has been said that the EV market in Middle East region will see a significant growth in the coming years due to most of citizens preferring EVs to travel to different places. The government efforts are also encouraging the usage of EVs, by providing incentives to the consumers. Therefore, the more usage of EVs is encouraging the manufactures to build up the EV charging stations at convenient places like near shopping malls, at highways, etc places. This will beneficial for those who are using EVs for travelling to different places.

The 3-pin connector plug can be also inserted into a domestic plug too, and the other end is plugged with the vehicle itself. The type 1 plugs are single-phase and allows fast charging at power output level of around 3.7kW to 7.4kW AC and at a range of per hour of 12.5 to 25 miles. The 7-pin plugs are designed for the European market, that offers fast charging capability with the power output level of 3.7kW to 7kW AC. The charging provides 12.5 to 25 miles range per hour.

According to the report published by Bonafide Research titled as “Latin America, Middle East & Africa Electric Vehicle Charging Station Market Outlook, 2027”, the region is expected to cross about 540.154 Million USD by the end of the forecasted period. Latin America’s EV charging station market is expected to see significant growth in the market today across the whole region. The electric mobility is also turning out to be an effective solution towards GHG emissions, towards carbon control methods and rising air pollution.

The electric vehicles or EVs are gradually gaining huge popularity as an alternative for fuel and gas vehicles in the market. These vehicles have become more popular because of the increase in harmful side effects to the environment such as drastic climate changes leading to global warming, zero-emission mobility for electric vehicles and these also reduces the urban air and noise pollution. Therefore, in a positive way these electric vehicles can save the planet from getting polluted in coming few years.

Major Companies present in the market:
ChargePoint Holdings, Inc., Shell, Tesla Inc., BP, ABB, RWE, Siemens, Efacec, BLINK CHARGING co. , Eaton Corporation plc, SCHNEIDER ELECTRIC, WEBASTO GROUP, Leviton Manufacturing Co. Inc., Phihong USA Corp., EV Safe Charge Inc., Tata Power.

Considered in this report
• Geography: Latin America, Middle East & Africa
• Base year: 2021
• Estimated year: 2022
• Forecast year: 2027

Aspects covered in this report
• Latin America, Middle East & Africa Electric Vehicle Charging Station market with its value and forecast along with its segments
• Country-wise electric vehicle charging station market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Types of charger in the report
• Slow/ Moderate
• Fast

Type of charging levels:
• Level 1 (AC charging)
• Level 2 (AC charging)
• Level 3 (DCFC)

By Application type:
• Public
• Private

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to electric vehicle charging station industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

This report would help you answer the following questions:
1. At what rate the Latin America, Middle East & Africa electric vehicle charging station market will grow in forecast period?
2. What are the types of electric vehicle chargers?
3. What are the different types of electric vehicle charging levels?
4. Which electric vehicle charger type is leading the market?
5. What is the impact of COVID-19 on the Latin America, Middle East & Africa electric vehicle charging station Market?
6. What are the different types of charging station by applications?

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Manmayi Raval

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