About EV Connectors
Charging connectors for electric vehicles (EVs) are used to charge an electric vehicle. A variety of factors are driving the shift from engine-driven vehicles to electric or battery-powered vehicles, as electric vehicles emit zero emissions and are less noisy. The electric vehicle charging connector supports a variety of charging methods, including CHAdeMO and combined charging systems. These are the most rapid charging methods for electric vehicles. Depending on the application, such as home or public space, the electric charging connector can be single-phase or three-phase. In some cases, electric charging can be done wirelessly, which would necessitate the installation of appropriate charging infrastructure.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The demand for Automotive Camera Sensor is increasing. The industry is segmented, but it is predicted to grow as rise in fuel prices and stringent government regulations regarding environment pollution, among other factors, drive the market forward. Businesses in this sector face global competition from market leaders who control a large share of the market. Companies are differentiating their products from competition by employing environmentally friendly materials and manufacturing techniques. The Leading Players are engaging in strategic global expansion to maintain their Market Position. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global EV Connectors market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Tesla (United States), ABB (Switzerland), BoschEV (Germany), Siemens (Germany), Schneider Electric (France), Fujikura (Japan), Yazaki (Japan), TE Connectivity (Switzerland) and Sumitomo (Japan) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are ChargePoint, Inc. (United States), SemaConnect (United States), Electrify America (United States), HUBER+SUHNER (Switzerland) and Amphenol (United States).
Segmentation Overview
AMA Research has segmented the market of Global EV Connectors market by and Region.
On the basis of geography, the market of EV Connectors has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Connector Type, the sub-segment i.e. Mobile Connector will boost the EV Connectors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Charging Type, the sub-segment i.e. Alternating Current will boost the EV Connectors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Residential will boost the EV Connectors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rise of Smart EV Charging Stations and Rapid Development of Vehicle-to-Grid Charging Mechanism
Market Growth Drivers:
Growing Adoption of Electric Vehicles as Fuel Prices are rising and Increasing Demand for EV Charging Points
Challenges:
Compatibility of Connector Types, and Safety Standards Differ in Different Countries and Increased Charging Time
Restraints:
Growing Economic and Infrastructure Issues in Developing Countries
Opportunities:
Government Initiatives for Development of Electric Vehicle Charging Infrastructure
Market Leaders and their expansionary development strategies
In May 2023, Tesla and Ford partnership started strategic move aimed to unify the North American charging market by integrating Tesla's NACS connector into Ford's future EVs. This could potentially create a dominant standard and increase charging accessibility.
In February 2021 Tesla had announced partnership with EVgo. EVgo is expanding its offering for Tesla drivers to charge at more EVgo stations across the country by upgrading hundreds of its stations to include integrated Tesla connectors. More than 400 integrated Tesla connectors will be installed at existing EVgo stations, with an additional 200 connectors reserved for new stations. This expands EVgo's position as the only EV charging platform powered entirely by renewable energy and capable of charging all three fast charging standards without the use of a separate adaptor.
Key Target Audience
Venture and Capitalist, New entrants/investors, Analysts and Strategic Business Partners, Residential, Commerical and End-use industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.