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EV Charging Connectors Market - Forecasts from 2024 to 2029

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    Report

  • 145 Pages
  • September 2024
  • Region: Global
  • Knowledge Sourcing Intelligence LLP
  • ID: 6014351
The EV charging connectors market is anticipated to expand at a CAGR of 19.53% to attain US$233.453 million by 2029 from US$95.672 million in 2024.

The electric vehicle (EV) charging connector is among the most critical components in EV charging infrastructure, as the connector transmits electric energy from the charging boards to the automobiles. EV charging connectors are often used by EV charging stations or residential charging infrastructure. These connectors provide a wide range of charging power output and charging timeframes. The EV connector makes it easier for an electric car's battery to be connected to the charging source, ensuring power is timed with the batteries.

The EV charging connectors offer multiple benefits to the users, like ensuring flexibility and convenience for the EV operators to charge from a wide range of EV chargers. These connectors also help to lower energy costs and promote sustainability for EV drivers. The market for EV charging connections is projected to grow significantly due to the increasing demand for electric vehicles. The global demand for electric vehicles has observed massive growth in thepast few years, majorly due to the growing public perceptions towards an eco-friendly transport model and increasing governmental initiatives and investments for EV chargers.

EV Charging Connectors Market Drivers:

  • The rising demand for electric vehicles is expected to drive the market growth
One of the major driving factors forecasted to propel the global EV charging connector market growth is the rising demand for electric vehicles worldwide. This growth is expected toincrease the number of publically available EV chargers and charging stations worldwide. Furthermore, the increased awareness of carbon emissions and tight emission requirements is expected to drive EV sales forward, simultaneously driving the charging connection market forward.
The global sales of EVs have grown significantly over the years. The global BEV & PHEV sales report by EV Volumes stated that in 2021, 6.77 million EVs were sold, which grew to about 10.52 million units in 2022. The total BEV and PHEV sales in the global market grew to 14.18 million units in 2023, an increase of about 35% from previous years.

EV Charging Connectors Market Geographical Outlook

  • Asia Pacific is forecasted to hold a major share of the EV Charging Connectors Market.
The Asian Pacific region is forecasted to attain a greater market share in the global EV charging connectors market. The major driving factors for this market’s growth are the increasing demand for EVs across the region and governmental investments in developing the EV charging infrastructure. Some of the major countries in the Asian Pacific region, like China, Japan, and India, have introduced key initiatives that are expected to boost the EV charging connectors market in this region.
The Asian Pacific region is among the biggest markets for EVs, with China being the biggest producer and consumer of electric vehicles. The International Energy Agency (IEA), in its global report, stated that in 2021, the total EV stock in China was recorded at about 6.2 million, which significantly grew to 10.7 million units in 2022. The total BEV stock in the nation in 2023 was estimated at 16.1 million, almost half of the global BEV stock in the same year. Similarly, EV sales in the nation havealso grown massively over thepast few years. The total EV sales in China were recorded at about 3.3 million in 2021, which increased to 6 million in 2022, finally reaching 8.1 million in 2023.

Reasons for buying this report::

  • Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, other sub- segments.
  • Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
  • Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape up future market developments.
  • Actionable Recommendations: Utilize the insights to exercise strategic decision to uncover new business streams and revenues in a dynamic environment.
  • Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.

What do businesses use our reports for?

Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence

Report Coverage:

  • Historical data & forecasts from 2022 to 2029
  • Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
  • Competitive Positioning, Strategies, and Market Share Analysis
  • Revenue Growth and Forecast Assessment of segments and regions including countries
  • Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

The EV Charging Connectors Market is segmented and analyzed as follows:

  • By Product Type
    • Wall Connector
    • Charge Plug Connector
  • By Speed
    • Slow Charging
    • Rapid Charging
  • By Socket Type
    • Type 1
    • Type 2
  • By Vehicle Type
    • Battery Electric Vehicle
    • Plug-in Hybrid Electric Vehicle
    • Hybrid Electric Vehicle
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • UK
      • France
      • Spain
      • Others
    • Middle East and Africa
      • Suadi Arabia
      • UAE
      • Others
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Australia
      • Others

Table of Contents

1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base and Forecast Years Timeline
1.8. Key benefits for the stakeholders
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Research Process
3. EXECUTIVE SUMMARY
3.1. Key Findings
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
4.5. Analyst View
5. EV CHARGING CONNECTORS MARKET BY PRODUCT TYPE
5.1. Introduction
5.2. Wall Connector
5.3. Charge Plug Connector
6. EV CHARGING CONNECTORS MARKET BY SPEED
6.1. Introduction
6.2. Slow Charging
6.3. Rapid Charging
7. EV CHARGING CONNECTORS MARKET BY SOCKET TYPE
7.1. Introduction
7.2. Type 1
7.3. Type 2
8. EV CHARGING CONNECTORS MARKET BY VEHICLE TYPE
8.1. Introduction
8.2. Battery Electric Vehicle
8.3. Plug-in Hybrid Electric Vehicle
8.4. Hybrid Electric Vehicle
9. EV CHARGING CONNECTORS MARKET BY GEOGRAPHY
9.1. Introduction
9.1. North America
9.1.1. By Product Type
9.1.2. By Speed
9.1.3. By Socket Type
9.1.4. By Vehicle Type
9.1.5. By Country
9.1.5.1. United States of America
9.1.5.2. Canada
9.1.5.3. Mexico
9.2. South America
9.2.1. By Product Type
9.2.2. By Speed
9.2.3. By Socket Type
9.2.4. By Vehicle Type
9.2.5. By Country
9.2.5.1. Brazil
9.2.5.2. Argentina
9.2.5.3. Others
9.3. Europe
9.3.1. By Product Type
9.3.2. By Speed
9.3.3. By Socket Type
9.3.4. By Vehicle Type
9.3.5. By Country
9.3.5.1. Germany
9.3.5.2. United Kingdom
9.3.5.3. France
9.3.5.4. Spain
9.3.5.5. Others
9.4. Middle East and Africa
9.4.1. By Product Type
9.4.2. By Speed
9.4.3. By Socket Type
9.4.4. By Vehicle Type
9.4.5. By Country
9.4.5.1. Saudi Arabia
9.4.5.2. UAE
9.4.5.3. Others
9.5. Asia Pacific
9.5.1. By Product Type
9.5.2. By Speed
9.5.3. By Socket Type
9.5.4. By Vehicle Type
9.5.5. By Country
9.5.5.1. China
9.5.5.2. Japan
9.5.5.3. South Korea
9.5.5.4. India
9.5.5.5. Australia
9.5.5.6. Others
10. COMPETITIVE ENVIRONMENT AND ANALYSIS
10.1. Major Players and Strategy Analysis
10.2. Market Share Analysis
10.3. Mergers, Acquisitions, Agreements, and Collaborations
10.4. Competitive Dashboard
11. COMPANY PROFILES
11.1. Degson
11.2. Zhengzhou Saichuan Electronic Technology Co., Ltd.
11.3. iConnector Technology Co., Ltd.
11.4. Amphenol Corporation
11.5. Fujikura Ltd.
11.6. Sumitomo Electric
11.7. Chongqing Senku Machinery IMP and EXP CO., LTD
11.8. Workersbee
11.9. Sichuan Green Science & Technology Co. Ltd
11.10. Guchen Electronics
11.11. Japan Aviation Electronics Industry, Ltd.
11.12. Japan Energy Components Co., Ltd.
11.13. Enphase Energy

Companies Mentioned

Some of the key companies profiled in this EV Charging Connectors Market report include:
  • Degson
  • Zhengzhou Saichuan Electronic Technology Co., Ltd.
  • iConnector Technology Co., Ltd.
  • Amphenol Corporation
  • Fujikura Ltd.
  • Sumitomo Electric
  • Chongqing Senku Machinery IMP and EXP CO., LTD
  • Workersbee
  • Sichuan Green Science & Technology Co. Ltd
  • Guchen Electronics
  • Japan Aviation Electronics Industry, Ltd.
  • Japan Energy Components Co., Ltd.
  • Enphase Energy

Methodology

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