The EV Connectors Market

EV connector plays the role of connecting device between the charging stations and the plug-in point of electric vehicles charging points. These connectors are utilized for the conveying of energy from the power source (i.e., charging/power stations) and the battery of electric vehicles. These connectors are in different types on the basis of design and specifications of the vehicles and their energy needs such as EV Type 1, EV Type 2, CCS and HEV UPC Connector. 

The key factors which are surging the growth of the EV connector market size are the rising emphasis on the adoption of electric vehicles and leading to huge demand for fast charging connectors across the world. With the increasing carbon emission, customers are now changing to electric vehicles to curb the adverse impact of vehicles on the environment. As per the IAE, in 2019, the sales of electric cars exceeded 2.1 million worldwide. Electrical cars contributed 2.6% of the worldwide car sales and about 1% of global car stock in the same year. Furthermore, the increasing awareness among customers related to the several benefits provided by EV connector, such as it plays the role of electric vehicle coupler with charging pole of the station and makes a connection of the battery of an electric vehicle with the charging point of the station, are also attracting end-users towards this market. Several major manufacturers in the market, such as ABB, Tesla, and others, are emphasizing on extend their product offering to obtain a higher share in the market. On the other hand, the limited standardization of electric vehicles connects will hinder the market growth.

Additionally, the increasing innovations and adoption leading to the development of improved fast charging connectors is a vital factor propelling the market growth, also increasing focus of governments on encouraging the adoption of electric vehicles, increasing focus of automakers on EVs as the key segment, surge in demand for fast charging EV connectors, rising popularity of electric and hybrid electric vehicles are the key factors among others fueling the electric vehicle connectors market.

The global EV Connectors Market is segregated on the basis of Type as Type 1, Type 2 and Type 3. Based on Charging Type the global EV Connectors Market is segmented in AC Charging, DC Charging and Inductive Charging. Based on Application the global EV Connectors Market is segmented in Residential Charging and Commercial Charging.

The global EV Connectors Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The EV Connectors Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Analysis

Bosch, Tesla, Siemens AG, ABB, TE Connectivity and others are among the major players in the global EV Connectors Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.

• In October 2018, ITT displayed an super-fast liquid-cooled high-power charging (HPC) solution, its global AC charging portfolio (IEC, SAE and GB/T), and its electric vehicle customization ability. ITT Cannon’s liquid-cooled DC HPC solution allows charging up to 500 A at 1000 V to supply a 60-mile charge in as little as 3–5 minutes.
• In June 2018, ABB introduced its Terra HP which is the world’s quick electric vehicle charger, adding up to 200 km of range to an electric vehicle in just 8 minutes. Fast charging stations with more than 7,000 DC are installed in 60 countries; ABB is a global leader in this segment.
• In October 2017, Tesla upgraded its Model S and Model X designs which presents a new dual connector charge port system to support more than one charging standard on its electric vehicle.
• In November 2016, Amphenol launched plastic power connectors which are created for the hybrid and electric vehicle markets and presented a lightweight plastic shell and small design to save both weight and space in the vehicle design.

The global EV Connectors Market has been segmented as below:

EV Connectors Market, By Type

• Type 1
• Type 2
• Type 3

EV Connectors Market, By Charging Type

• AC Charging
• DC Charging
• Inductive Charging

EV Connectors Market, By Application

• Residential Charging
• Commercial Charging

EV Connectors Market, By Region

• Europe
• North America
• Asia Pacific
• Rest of The World

EV Connectors Market, By Company

• Bosch
• Tesla
• Siemens AG
• ABB
• TE Connectivity
• Schneider Electric
• Amphenol
• Huber+Suhner
• Yazaki
• Aerovironment
• Besen Group
• Phoenix Contact
• Jet Charge
• ITT
• Sumitomo
• Rema Ev
• EV Cables
• Dyden Corporation
• Fujikura
• Semaconnect

The report covers the below scope:

• Global EV Connectors Market sizes from 2020 to 2026, along with CAGR for 2020-2026
• Market size comparison for 2019 vs 2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to 2026
• Global EV Connectors Market trends, covering comprehensive range of consumer trends & manufacturer trends
• Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global EV Connectors Market
• Major market opportunities and challenges in forecast timeframe to be focused
• Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
• Comprehensive company profiles of the key industry players

The years considered for the study are as follows:

• Base year - 2019
• Estimated year - 2019
• Projected year - 2020
• Forecast period - 2021 to 2026

Report Scope:

The global EV Connectors Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global EV Connectors Market share. Major industry players with significant revenue share include Bosch, Tesla, Siemens AG, ABB, TE Connectivity, Schneider Electric, Amphenol and others.

Why to Buy this Report:

• Gain detailed insights on the EV Connectors industry trends
• Find complete analysis on the market status
• Identify the EV Connectors Market opportunities and growth segments
• Analyse competitive dynamics by evaluating business segments & product portfolios
• Facilitate strategy planning and industry dynamics to enhance decision making

Target Audience:

• The report targeted towards the existing players in the industry is as follows:
• Market Manufacturers/Service Providers
• Market Wholesale/Traders
• Investment and Financial Institutions

Free and Paid Customization based on the requirement

1.      Introduction

1.1.       Key Points

1.2.      Report Description

1.3.      Markets Covered

1.4.      Stakeholders

2.     Research Methodology

2.1.      Research Scope

2.2.     Research Methodology

2.2.1.     Market Research Process

2.2.2.    Research Methodology

2.2.2.1.           Secondary Research

2.2.2.2.          Primary Research

2.2.2.3.          Models for Estimation

2.3.     Market Size Estimation

2.3.1.     Bottom-Up Approach

2.3.2.    Top-Down Approach

3.     Executive Summary

4.    Market Overview

4.1.      Introduction

4.2.     Drivers

4.3.     Restraints

4.4.     Opportunities

4.5.     Challenges

5.     EV Connectors Market, By Type

5.1.      Key Points

5.2.  Type 1

5.3.  Type 2

5.4.  Type 3

6.    EV Connectors Market, By Charging Type

6.1.      Key Points

6.2. AC Charging

6.3. DC Charging

6.4. Inductive Charging

7.     EV Connectors Market, By Application

7.1.      Key Points

7.2.  Residential Charging

7.3.  Commercial Charging

8.    Competitive Landscape

8.1.      Introduction

8.2.     Start-up companies- EV Connectors Market

8.3.     Recent Developments

8.3.1.     Mergers & Acquisitions

8.3.2.    New Product Developments

8.3.3.    Portfolio/Production Capacity Expansions

8.3.4.    Joint Ventures, Collaborations, Partnerships & Agreements

8.3.5.    Others

9.    Company Profile

9.1.  Bosch

9.2. Tesla

9.3. Siemens AG

9.4. ABB

9.5.  TE Connectivity

9.6. Schneider Electric

9.7.  Amphenol

9.8. Huber+Suhner

9.9. Yazaki

9.10.    Aerovironment

9.11.      Besen Group

9.12.    Phoenix Contact

9.13.     Jet Charge

9.14.    ITT

9.15.     Sumitomo