Electric vehicle (EV) charging connectors are end-point connectors attached to a charging cable that connects to charging port of an electric car to supply electrical power from a charging station to recharge battery of the vehicle. The design and type of these connectors might vary based on the electric vehicle manufacturer and the location or country; thus, different standards have been established to assure interoperability among suppliers. Type 1 (Yazaki), Type 2 (Mennekes), Type 3 (Scame), CCS Combo 1 and 2, CHAdeMO, and Tesla are some of the most prevalent EV charging connector types. Private charging stations are often located in households, offices, and hotels, whereas public charging stations typically feature connectors that adhere to a number of international standards.
The electric vehicle charging connector market is segmented into type, charging level, charging speed, end user, and region. On the basis of type, the market is segmented into CSS, CHAdeMO, GB/T, and Tesla. On the basis of charging level, the market is segmented into Level 1, Level 2, and Level 3. On the basis of charging speed, it is bifurcated into slow speed and fast charging. On the basis of end user, the market is bifurcated into residential and commercial. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investment. In addition, it Includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder.
Value chain analysis for this industry, which Includes R&D, components manufacturers, assembly, programming & testing, marketing & sales, customers, and post-sales services, is explained. The report features the strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of the key players to Increase their market share and sustain intense competition in the industry.
The key players operating in the global Electric vehicle charging connector market Include ABB, Amphenol Corporation, Fujikura Ltd., Robert Bosch GmbH, Schneider Electric, Siemens AG, Sumitomo Corporation, Tesla, Yazaki Corporation, and TE Connectivity
The electric vehicle charging connector market is segmented into type, charging level, charging speed, end user, and region. On the basis of type, the market is segmented into CSS, CHAdeMO, GB/T, and Tesla. On the basis of charging level, the market is segmented into Level 1, Level 2, and Level 3. On the basis of charging speed, it is bifurcated into slow speed and fast charging. On the basis of end user, the market is bifurcated into residential and commercial. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investment. In addition, it Includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder.
Value chain analysis for this industry, which Includes R&D, components manufacturers, assembly, programming & testing, marketing & sales, customers, and post-sales services, is explained. The report features the strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of the key players to Increase their market share and sustain intense competition in the industry.
The key players operating in the global Electric vehicle charging connector market Include ABB, Amphenol Corporation, Fujikura Ltd., Robert Bosch GmbH, Schneider Electric, Siemens AG, Sumitomo Corporation, Tesla, Yazaki Corporation, and TE Connectivity
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the electric vehicle charging connector market analysis from 2022 to 2032 to identify the prevailing electric vehicle charging connector market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the electric vehicle charging connector market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report Includes the analysis of the regional as well as global electric vehicle charging connector market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- CCS
- Chademo
- GB/T
- Tesla
By Charging Level
- Level 1
- Level 2
- Level 3
By Charging Speed
- Slow Speed
- Fast Charging
By End User
- Residential
- Commercial
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- ABB
- Amphenol Corporation
- Fujikura
- Robert Bosch GmbH
- Schneider Electric
- Siemens
- Sumitomo Corporation
- TE Connectivity
- Tesla
- Yazaki Corporation
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: ELECTRIC VEHICLE CHARGING CONNECTOR MARKET, BY TYPE
CHAPTER 5: ELECTRIC VEHICLE CHARGING CONNECTOR MARKET, BY CHARGING LEVEL
CHAPTER 6: ELECTRIC VEHICLE CHARGING CONNECTOR MARKET, BY CHARGING SPEED
CHAPTER 7: ELECTRIC VEHICLE CHARGING CONNECTOR MARKET, BY END USER
CHAPTER 8: ELECTRIC VEHICLE CHARGING CONNECTOR MARKET, BY REGION
CHAPTER 9: COMPETITIVE LANDSCAPE
CHAPTER 10: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
The Electric Vehicle Charging Connector Market is expected to experience a significant growth rate of 17% from 2023 to 2032 owing to rise in the adoption of electric vehicles and rising demands for better charging infrastructure.An electric vehicle (EV) charging connector is a piece of equipment that connects an EV to a power source or a charging station so that the battery may be charged. In essence, it serves as the interface for the electrical energy to be transferred from the charging infrastructure to the car. The area and the chosen charging standard determine the precise EV charging connection type, which comes in a variety of varieties. The SAE J1772, sometimes referred to as a J-plug or Type 1 connection, has five pins and is the most widely used slow and fast charging connector in North America. Other common connector types include the CHAdeMO connector, which is mostly used by Japanese automakers, and the CCS (Combined Charging System), which is used for DC fast charging and contains two additional pins on top of the J1772 connectors. In Europe, the most often used connection type is the Mennekes Type 2, which has seven pins and can support both slow and fast charging.
The continuous advancements in charging infrastructure and connector technology have revolutionized the consumer experience surrounding electric vehicles (EVs). These improvements have brought about several key benefits that have contributed to the widespread adoption of electric vehicles and increased consumer confidence in their reliability and convenience.
One of the significant enhancements is the reduction in charging times. As charging technology has progressed, EV charging stations have become increasingly capable of delivering faster charging speeds. This means that EV owners can replenish their vehicle's battery more quickly, reducing the amount of time spent waiting at charging stations. This improvement in charging times has alleviated one of the main concerns of potential EV buyers, who may have been hesitant about the perceived inconvenience of longer charging periods compared to refueling a traditional gasoline-powered vehicle.
In addition to faster charging times, the ease of use has also been greatly improved. The development of user-friendly charging connectors and intuitive charging interfaces has made the process of connecting an EV to a charging station simpler and more accessible for all users, regardless of their technical expertise. This ease of use has further facilitated the transition to electric vehicles by eliminating barriers that may have previously deterred potential EV owners.
Furthermore, the availability of a wide range of charging options has played a crucial role in enhancing the overall consumer experience. EV owners now have access to diverse charging alternatives, including home charging stations, workplace charging facilities, public charging networks, and even fast-charging stations along major highways. This extensive charging infrastructure offers convenience and peace of mind to EV drivers, knowing that they can easily find a charging solution wherever they go, whether it's for daily commuting or long-distance travel.
The compatibility and reliability of EV charging connectors have also become significant factors in the consumer's decision-making process. As the demand for electric vehicles continues to rise, consumers are increasingly looking for compatible and standardized charging connectors that can be used across different charging stations. The development of universal connector types, such as the Combined Charging System (CCS) and the Tesla Supercharger network, has simplified the charging experience and increased consumer confidence in the interoperability and reliability of EV charging infrastructure.
The market for EV charging connectors benefits in a number of ways from the increase of EV charging infrastructure. As the infrastructure expands, there is a growing need for charging connections to make charging easier at more charging stations. As a result, the market expands and there are more options for charging connection producers to make money. With the development in EV adoption, the expansion of infrastructure makes it possible to enter new geographic locations, creating new market potential. The demand for and requirements for charging connections are directly impacted by the development of EV charging infrastructure, offering the market for these connectors tremendous opportunities for expansion.
The Electric Vehicle Charging Connector Market is segmented into type, charging level, charging speed, end user, and region. By type, the market is segmented into CSS, CHAdeMO, GB/T, and Tesla. On the basis of charging level, the market is segmented into Level 1, Level 2, and Level 3. On the basis of charging speed, it is bifurcated into slow speed and fast charging. On the basis of end user, the market is bifurcated into residential and commercial. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The electrical vehicle market has seen considerable sales growth in the Asia-Pacific region, which has resulted in a corresponding rise in the electric vehicle charging connector market. Government incentives put in place in various areas and innovations achieved by different firms are both responsible for this rise.
In 2022, there were 5.92 million new passenger plug-in electric cars registered in China, an increase of 83% from 2021. The result is quite close to the China Passenger Car Association's (CPCA) prediction of 6 million passenger plug-in electric vehicles in 2022. According to information provided by Jose Pontes from EV Volumes, a total of 671,450 new passenger plug-in electric vehicles were registered in China in December, the highest number ever (after 636,223 units in September 2022 and 625,205 in November 2022). This was a 32% increase over the previous year 2021. Unexpectedly, 471,000 all-electric car registrations were made. In terms of new automobile registrations, BEVs made up around 21% of the market. The global market for electric vehicles is dominated by China. Since it has the world's largest EV market, there is a significant requirement for EV charging stations and connectors. Several companies, including Huber+Suhner, Schneider Electric, and ITT Cannon, provide EV charging connection alternatives in the Chinese market. To promote the adoption of electric vehicles, the Chinese government has also made major investments in EV infrastructure.
The key players operating in the global Electric vehicle charging connector market include ABB, Amphenol Corporation, Fujikura Ltd., Robert Bosch GmbH, Schneider Electric, Siemens AG, Sumitomo Corporation, Tesla, Yazaki Corporation, and TE Connectivity.
Key Market Insights
- By type, the CSS segment was the highest revenue contributor to the market, with $23.07 million in 2022, and is estimated to reach $98.19 million by 2032, with a CAGR of 16.1%.
- By charging level, the level 3 segment was the highest revenue contributor to the market, with $24.1 million in 2022, and is estimated to reach $126.35 million by 2032, with a CAGR of 18.5%.
- By charging speed, the fast charging segment dominated the global market, and is estimated to reach $190.34 million by 2032, with a CAGR of 17.4%.
- By end user, the residential segment was the highest revenue contributor to the market, with $44.03 million in 2022 and is estimated to reach $198.23 million by 2032, with a CAGR of 16.7%.
- Based on region, Asia-Pacific was the highest revenue contributor, accounting for $25.61 million in 2022, and is estimated to reach $112.21 million by 2032, with a CAGR of 16.4%.
Companies Mentioned
- ABB
- Amphenol Corporation
- Fujikura
- Robert Bosch GmbH
- Schneider Electric
- Siemens
- Sumitomo Corporation
- TE Connectivity
- Tesla
- Yazaki Corporation
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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