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
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
- ChargePoint, Inc.
- Groupe Renault
- Phihong USA Corp.
- EV Safe Charge Inc.
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