U.S., Canada, and UK Airport Electric Vehicle Charging Station Market Size, Share, Competitive Landscape and Trend Analysis Report by Mode of Charging, Product Type, Charging Level and User Type : Opportunity Analysis and Industry Forecast, 2024 - 2033

The U.S., Canada and UK airport electric vehicle charging station market is valued for $108.73 million in 2023 and is estimated to reach $797.41 million by 2033, exhibiting a CAGR of 22.52% from 2024 to 2033.  

An airport electric vehicle charging station is a device used to connect electric vehicles and plug-in electric vehicles to a source of electricity to recharge them. These stations provide different types of charging levels such as level 2, and level 3. Electric vehicle charging stations are installed to cater to the convenience of the passengers, and the demand for these stations has witnessed an increase due to the widespread electric vehicles globally owing to zero-emission norms in several developing and developed countries. Electric vehicles are charged at charging stations, which in turn drives the market demand.

Key Takeaways

• On the basis of mode of charging, the plug-in-charging segment held the largest share in the U.S., Canada and UK airport electric vehicle charging station market in 2023.
• On the basis of product type, the standing type segment held the largest share in the U.S., Canada and UK airport electric vehicle charging station market in 2023.
• By charging level, the level 2 segment held the largest share in the market in 2023.
• On the basis of user type, the public charging stations segment held the largest market share in 2023.
• On the basis of country, U.S. held the largest market share in 2023.

The growth of the U.S., Canada and UK airport electric vehicle charging station market is majorly driven by surge in production of electric vehicles and rise in adoption of government initiatives toward renewable energy. The "Inflation Reduction Act" proposed by President Biden in August 2022 seeks to address both economic and climate considerations. It aims to stimulate economic recovery while also addressing climate change concerns by allocating significant funding toward renewable energy, infrastructure upgrades, and resilience measures.

By investing in clean energy technologies and infrastructure, the act aims to create jobs, reduce greenhouse gas emissions, and enhance energy efficiency. This is driving the demand for electric vehicles (EVs), low-carbon materials/construction, and clean technologies. However, lack of standardization of current EV charging infrastructure acts as the key deterrent factor of the airport EV charging station market.

Furthermore, the incorporation of vehicle-to-grid (V2G) EV charging stations is the factor expected to offer growth opportunities during the forecast period. For instance, in November 2023, Toyota Motor North America (Toyota) and San Diego Gas & Electric Company (SDG&E), a prominent utility serving 3.7 million individuals in Southern California, entered into a research agreement for vehicle-to-grid (V2G) technology using a Toyota bZ4X electric vehicle. This collaboration aims to explore the potential of bidirectional power flow technology, allowing owners of battery electric vehicles (BEVs) to charge their batteries from the grid and return surplus energy to it. The incorporation of renewable energy sources, improved energy resilience and stability, and the prospect of lower power expenses are among the benefits that V2G technology can offer to consumers.

Segment Review

The U.S., Canada and UK airport electric vehicle charging station market industry is segmented on the basis of mode of charging, product type, charging level, user type and country. By mode of charging, it is segmented into plug-in charging, and wireless charging system. By product type, it is categorized into standing type, wall-mounted type, and wireless pad. By charging level, it is classified into Level 2, and Level 3. By user type it is bifurcated into public charging stations and fleet charging stations. Country-wise, the market is analyzed across the U.S., Canada, and the UK.

By Mode of Charging

On the basis of mode of charging, the plug-in-charging segment generated maximum revenue in 2023, Key players in the electric vehicle charging station are launching new EV fast-charging hubs, which can work with all kinds of electric cars, thus fueling the growth of the segment. For instance, in January 2023, Avis Budget Group and SK Group’s EverCharge launched a significant number of EV charging stations at the George Bush International Airport (IAH) in Houston, Texas.

By Product Type

On the basis of product type, it is categorized into standing type, wall-mounted type, and wireless pad. The standing type segment generated maximum revenue in 2023, owing to the the rise in carbon emissions and other harmful pollutants from transportation has necessitated the adoption of electric vehicles. As a result, there is a rise in demand for EV charging infrastructure in airport parking lots and other public parking. In addition, standing-type EV charging stations come with long cables and also provide a wide output voltage range which drives the segment growth during the forecast year. For instance, ABB Ltd. provides Terra HP generation III DC High Power 175 to 350 kW+ standing electric vehicle charging station with a wide output voltage range from 150 to 920 V DC support.

By Charging Level

On the basis of charging level, the Level 2 segment generated maximum revenue in 2023, Level 2 charging is utilized for daily electric vehicle charging. In addition, Level 2 charging equipment can be installed at public locations such as airports, train stations, shopping plazas, and other locations. In addition, level 2 charging can replenish between 12 and 80 miles of range per hour, depending upon the power output of the level 2 charger, which increases the demand for the Level 2 charging type. For instance, key players such as EVES LLC, and Blink Charging Co, offer a level 2 electric vehicle charging system for airports.

By User Type

On the basis of user type, the public charging stations segment generated maximum revenue in 2023, the public charging stations in airports are facilities available to all travelers and visitors who own electric vehicles (EVs). These stations are typically in designated parking areas or garages accessible to the public. In addition, airport workers who drive electric cars to work are similarly dependent on public charging stations. Employees of the airlines, ground workers, security personnel, and others use the stations to charge their EV batteries while working shifts. Employees working at the airport are expected to have dependable access to fully charged cars due to this accessibility, which guarantees seamless operations. Furthermore, the presence of public EV charging stations plays a crucial role in the adoption of electric vehicles. Access to fast charging at these stations is considered a pivotal factor when individuals decide to invest in electric vehicles.

By Country

Based on country, U.S. dominated the market in 2023. The adoption of electric vehicles in the U.S. is actively supported by the American Federal Government, and several state and local governments propels the demand for EV charging stations at airports. Moreover, the U.S. government is taking initiative to install electric vehicle charging stations across the nation, which supplements the growth of the market. For instance, in January 2024, the Biden-Harris Administration unveiled $623 million in grants to facilitate the expansion of an electric vehicle (EV) charging infrastructure throughout the U.S. This initiative aims to generate employment opportunities and ensure widespread access to EV charging facilities for drivers at residential, commercial, and retail locations.

Competitive Analysis

The key players profiled in the U.S., Canada and UK airport electric vehicle charging station market include ABB Ltd., Blink Charging Co., Delta Electronics, Inc., Electroair OU, General Electric Company, Siemens AG, Webasto Group, Eves LLC, Plugless Power Inc., Ningbo Dekon New Energy Co., Ltd.

Increase in demand for new airport construction and modernization of the existing airport

Increase in air passenger traffic is expected to be one of the major factors leading to high demand for new airport construction. Therefore, an increase in air passenger traffic is projected to positively affect the demand for new airport construction, to meet this high air passenger traffic.

In addition, government initiative for modernizing the existing airport, in turn, is expected to drive the growth of the U.S., Canada and UK airport electric vehicle charging stations market during the forecast period. Increase in international air passenger traffic has forced government agencies around the world to make substantial investments in expanding the transportation networks to meet the high volume of visitors, which in turn requires construction of new airports and improvement in existing one.

For instance, in July 2022, the U.S. Department of Transportation’s Federal Aviation Administration (FAA) awarded $371 million for airfield, safety and other improvement projects at 169 airports in 40 states across the country. This is the third announcement of awards for the 2022 Airport Improvement Program (AIP), which funds a variety of projects such as construction of new and improved airport facilities, repairs to runways and taxiways, maintenance of airfield elements such as lighting or signage, and the purchase of equipment required to operate and maintain airports. Therefore, an increase in financial support by government agencies, in turn is expected to propel growth of the U.S., Canada and UK airport electric vehicle charging station market.

Lack of standardization of current EV charging infrastructure

Governments need to standardize charging infrastructure for the development of a favorable ecosystem and an increase in the sales of electric vehicles. The U.S. uses CCS standards for fast charging at airports. Though, this CCS standards mandate increased the installation cost of charging stations, and hence, in 2019, the government changed the guidelines and allowed charging station developers to choose the method they prefer. The U.S.-based electric car maker Tesla uses high-performance superchargers that are unique to Tesla and cannot be used for other electric vehicles. Thus, lack of standardization across countries may impact the installation of charging stations and hamper the growth of the market.

Rise of Funds by the Government for the Development of EV Charging Station Technologies

Governments across the globe are investing huge amounts in this sector due to the increase in demand for electric vehicle charging stations. Development of EV charging station technology includes features such as two-way charging, portable stations, tracking usage, smart charging with power management, easy payment methods, and super-fast charging for electric vehicles. The increasing use of V2G charging stations in the market is expected to impact the market in the future, providing ample growth opportunities. Governments of many countries are also working with oil and gas companies in planning and developing charging stations to help establish the electric vehicle market. The government plans to install charging stations every 100 kilometers along national highways including airports to enable the growth of the U.S., Canada and UK airport electric vehicle charging station market during the forecast period.

Impact of Russia-Ukraine war on Airport Electric Vehicle Charging Station Industry

The Russia-Ukraine war scenario has significant implications for the U.S., Canada, and UK airport electric vehicle charging station market. One immediate impact is the disruption in the global supply chain, particularly for critical components used in manufacturing EV charging infrastructure. Escalating tensions and potential economic sanctions could lead to supply shortages and increased costs for charging station manufacturers, potentially slowing down the deployment of charging infrastructure at airports.

In addition, geopolitical instability may affect investor confidence and disrupt funding for infrastructure projects, including those related to electric vehicle charging. Moreover, fluctuations in energy prices resulting from geopolitical tensions could influence consumer behavior and government policies towards electric vehicles, impacting the overall demand for airport charging stations. Overall, the Russia-Ukraine conflict poses challenges to the growth and development of the airport EV charging station market in these regions, necessitating adaptive strategies and contingency plans to mitigate potential disruptions.

Recent Developments in the Airport Electric Vehicle Charging Station Industry

• In December 2023, ABB partnered with All Nippon Airways (ANA) to install the fast charger "Terra CE 54 CJG" at the charging facility for electric vehicles at Tokyo Haneda Airport. This fast charger is compatible with a total of three charging standards: Japanese charging standard (CHAdeMO), international standards (AC standard and DC CCS 2) and can be used for electric vehicles to be introduced in the future.
• In May 2022, Swiss technology business and Oil firm Shell together launched ABB's new Terra 360 charger that has an output of up to 360kW, meaning a car capable of accepting such speeds could be charged in less than 15 minutes. Shell and ABB E-mobility are planning to launch more than 200 Terra 360 charging points across Germany in the next 12 months to “ensure greater charger availability and charging speed.
• In January 2023, Blink Charging Co. announced a collaboration with Citybest, a sustainable transport mobility App that connects passengers with sustainable taxis, drivers, and ride-sharing services, to provide much needed EV chargers in Latin America and advance the EV charging ecosystem in the region.
• In February 2023, Delta Electronics, Inc. launched IoT-based Smart Green Solutions at ELECRAMA 2023 that includes a smart microgrid based Green EV Charging Station, and an Open-Loop Variable-Torque Standard Drive VP3000 Series.
• In August 2022, Delta Electronics, Inc. entered into a new supply agreement with EVgo Inc., the nation's largest public fast-charging network for electric vehicles (EVs). Under the agreement, Delta will supply EVgo with 1,000 fast chargers with up to 350kW power output, which supports EVgo's recently announced project with General Motors (GM) and Pilot Company, as well as other fleet projects and expansions to EVgo's owned and operated charging network.
• In July 2022, Delta Electronics, Inc. and major stakeholders in the EV charging infrastructure sector delivered over 6,000 electric vehicles (EV) chargers to customers in India.

Key Benefits for Stakeholders

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  U.S., Canada, and UK Airport Electric Vehicle Charging Station Market Report Highlights