PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1319308
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1319308
Electric Vehicle Charging Connectors Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019-2029, Segmented By Type ; By Voltage Type ; By Charging Speed ; By Level Type ; By End User ; By Region
Global Electric Vehicle (EV) Charging Connectors Market Size Zooming 2.8X at Robust CAGR of 18.6% During 2023-2029.
Global electric vehicle (EV) charging connectors market is flourishing, because of an increasingly high adoption of EV and hybrid EV, rising investments in charging network by key players, and growing advancements and developments in EV charging connectors.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the global electric vehicle (EV) charging connectors market size at USD 57.35 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the global electric vehicle (EV) charging connectors market size to grow at a robust CAGR of 18.58% reaching a value of USD 159.46 million by 2029. Major growth drivers for the global electric vehicle (EV) charging connectors market include an increasing adoption of EVs worldwide. Electric vehicle charging connectors are essential components of charging infrastructure that facilitate the transfer of electricity from the charging station to the EV. Also, the growing adoption of EVs is another driver for the EV charging connectors market. As more consumers and businesses switch to EVs, the demand for charging infrastructure and connectors has been on the rise. The market is closely linked to the growth of the EV market. However, high cost associated with EV connectors and lack of standardization of EV connectors across the global are anticipated to restrain the overall market growth during the forecast period.
Global Electric Vehicle (EV) Charging Connectors Market - Overview:
The global electric vehicle (EV) charging connectors market refers to the industry involved in manufacturing, distributing, and selling connectors used for charging EVs. These connectors are vital for transferring electricity from charging stations to EV batteries. With various types like Type 1, Type 2, CHAdeMO, and CCS, they ensure safe and efficient charging. This market encompasses connector producers, charging equipment manufacturers, station operators, automakers, and other stakeholders. It is driven by increasing EV adoption, government regulations, technological advancements, and global charging standards. The market's growth is fueled by the expanding EV market and the development of charging infrastructure. Market players innovate to improve connector technologies, ensuring compatibility and seamless charging experiences. Ultimately, the global EV charging connectors market enables widespread EV adoption by providing necessary charging infrastructure.
Impact of COVID-19 on Global Electric Vehicle (EV) Charging Connectors Market:
COVID-19 pandemic had a dual impact on the global electric vehicle (EV) charging connectors market. In the initial stages, the market experienced a slowdown due to disruptions in manufacturing, supply chains, and construction activities. The temporary closure of businesses and reduced consumer spending also affected the adoption of EVs and charging infrastructure. However, as economies recovered and governments prioritized green initiatives for economic stimulus, the market regained momentum. Increased investments in sustainable transportation and the push for EV adoption post-pandemic have contributed to the market's recovery. Furthermore, the pandemic highlighted the importance of clean transportation, driving the demand for EVs and subsequently boosting the need for charging connectors.
Global Electric Vehicle (EV) Charging Connectors Market - By Type:
By type, the global electric vehicle (EV) charging connectors market is divided into Type 1, Type 2, and Type 3 segments. The type 2 segment is sub-divided into CCS, Chademo, GB/T, and Tesla. The Type 2 segment, particularly the GB/T sub-segment, holds a significant market share in the global electric vehicle (EV) charging connectors market by type. This is primarily due to its widespread adoption in Europe, where Type 2 connectors have become the preferred charging solution. The region's strong commitment to EV adoption and charging infrastructure development, supported by government incentives and regulations, has contributed to the segment's dominance. Type 2 connectors offer compatibility with a wide range of EVs, enabling seamless access to charging stations. Their ability to support faster charging speeds, incorporation of advanced safety features, and versatility in accommodating both AC and DC charging have further solidified their market share.
Competitive Landscape:
Major players operating in the global electric vehicle (EV) charging connectors market include: Tesla, TE Connectivity, Robert Bosch GmbH, Siemens, Fujikura Ltd., HUBER+SUHNER, YAZAKI Corporation, Sumitomo Corporation, ABB, Schneider Electric, Bosch Automotive Service Solutions Inc, Amphenol, ITT Cannon, ChargePoint Inc., and Fischer Connectors SA. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Global Electric Vehicle (EV) Charging Connectors Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global Electric Vehicle (EV) Charging Connectors Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. Global Electric Vehicle (EV) Charging Connectors Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Rapid Penetration of EV & HEV
- 3.2.1.2. Increasing Investment In Charging Network By Key Players
- 3.2.1.3. Advancement and Development In Electric Vehicle Connectors
- 3.2.2. Restraints
- 3.2.2.1. High Cost Associated With EV Connectors
- 3.2.2.2. Lack of Standardization of Electric Vehicle Connectors Across the Global
- 3.2.3. Opportunities
- 3.2.3.1. Increasing Demand for V2X Solutions
- 3.2.3.2. Escalating Demand For Environment-Friendly Vehicles
- 3.2.4. Challenges
- 3.2.4.1. Increasing Regulations And Mandates By Government Authorities For Charging Stations
- 3.2.1. Growth Drivers
- 3.3. Technology Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. Global Electric Vehicle (EV) Charging Connectors Market Overview
- 4.1. Market Size & Forecast, 2019-2029
- 4.1.1. By Value (USD Million)
- 4.2. Market Share & Forecast
- 4.2.1. By Type
- 4.2.1.1. Type 1
- 4.2.1.2. Type 2
- 4.2.1.2.1. CCS
- 4.2.1.2.2. Chademo
- 4.2.1.2.3. GB/T
- 4.2.1.2.4. Tesla
- 4.2.1.3. Type 3
- 4.2.2. By Voltage Type
- 4.2.2.1. AC Charging
- 4.2.2.2. DC Charging
- 4.2.3. By Charging Speed
- 4.2.3.1. Slow
- 4.2.3.2. Fast
- 4.2.3.3. Rapid
- 4.2.4. By Level Type
- 4.2.4.1. Level 1
- 4.2.4.2. Level 2
- 4.2.4.3. Level 3
- 4.2.4.4. Level 4
- 4.2.5. By End User
- 4.2.5.1. Commercial
- 4.2.5.2. Residential
- 4.2.6. By Region
- 4.2.6.1. North America
- 4.2.6.2. Europe
- 4.2.6.3. Asia Pacific (APAC)
- 4.2.6.4. Latin America (LATAM)
- 4.2.6.5. Middle East and Africa (MEA)
- 4.2.1. By Type
5. North America Electric Vehicle (EV) Charging Connectors Market
- 5.1. Market Size & Forecast, 2019-2029
- 5.1.1. By Value (USD Million)
- 5.2. Market Share & Forecast
- 5.2.1. By Type
- 5.2.2. By Voltage Type
- 5.2.3. By Charging Speed
- 5.2.4. By Level Type
- 5.2.5. By End User
- 5.2.6. By Country
- 5.2.6.1. United States
- 5.2.6.1.1. By Type
- 5.2.6.1.2. By Voltage Type
- 5.2.6.1.3. By Charging Speed
- 5.2.6.1.4. By Level Type
- 5.2.6.1.5. By End User
- 5.2.6.2. Canada
- 5.2.6.2.1. By Type
- 5.2.6.2.2. By Voltage Type
- 5.2.6.2.3. By Charging Speed
- 5.2.6.2.4. By Level Type
- 5.2.6.2.5. By End User
6. Europe Electric Vehicle (EV) Charging Connectors Market
- 6.1. Market Size & Forecast, 2019-2029
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Voltage Type
- 6.2.3. By Charging Speed
- 6.2.4. By Level Type
- 6.2.5. By End User
- 6.2.6. By Country
- 6.2.6.1. Germany
- 6.2.6.1.1. By Type
- 6.2.6.1.2. By Voltage Type
- 6.2.6.1.3. By Charging Speed
- 6.2.6.1.4. By Level Type
- 6.2.6.1.5. By End User
- 6.2.6.2. United Kingdom
- 6.2.6.2.1. By Type
- 6.2.6.2.2. By Voltage Type
- 6.2.6.2.3. By Charging Speed
- 6.2.6.2.4. By Level Type
- 6.2.6.2.5. By End User
- 6.2.6.3. Italy
- 6.2.6.3.1. By Type
- 6.2.6.3.2. By Voltage Type
- 6.2.6.3.3. By Charging Speed
- 6.2.6.3.4. By Level Type
- 6.2.6.3.5. By End User
- 6.2.6.4. France
- 6.2.6.4.1. By Type
- 6.2.6.4.2. By Voltage Type
- 6.2.6.4.3. By Charging Speed
- 6.2.6.4.4. By Level Type
- 6.2.6.4.5. By End User
- 6.2.6.5. Spain
- 6.2.6.5.1. By Type
- 6.2.6.5.2. By Voltage Type
- 6.2.6.5.3. By Charging Speed
- 6.2.6.5.4. By Level Type
- 6.2.6.5.5. By End User
- 6.2.6.6. Belgium
- 6.2.6.6.1. By Type
- 6.2.6.6.2. By Voltage Type
- 6.2.6.6.3. By Charging Speed
- 6.2.6.6.4. By Level Type
- 6.2.6.6.5. By End User
- 6.2.6.7. Russia
- 6.2.6.7.1. By Type
- 6.2.6.7.2. By Voltage Type
- 6.2.6.7.3. By Charging Speed
- 6.2.6.7.4. By Level Type
- 6.2.6.7.5. By End User
- 6.2.6.8. The Netherlands
- 6.2.6.8.1. By Type
- 6.2.6.8.2. By Voltage Type
- 6.2.6.8.3. By Charging Speed
- 6.2.6.8.4. By Level Type
- 6.2.6.8.5. By End User
- 6.2.6.9. Rest of Europe
- 6.2.6.9.1. By Type
- 6.2.6.9.2. By Voltage Type
- 6.2.6.9.3. By Charging Speed
- 6.2.6.9.4. By Level Type
- 6.2.6.9.5. By End User
7. Asia-Pacific Electric Vehicle (EV) Charging Connectors Market
- 7.1. Market Size & Forecast, 2019-2029
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Voltage Type
- 7.2.3. By Charging Speed
- 7.2.4. By Level Type
- 7.2.5. By End User
- 7.2.6. By Country
- 7.2.6.1. China
- 7.2.6.1.1. By Type
- 7.2.6.1.2. By Voltage Type
- 7.2.6.1.3. By Charging Speed
- 7.2.6.1.4. By Level Type
- 7.2.6.1.5. By End User
- 7.2.6.2. India
- 7.2.6.2.1. By Type
- 7.2.6.2.2. By Voltage Type
- 7.2.6.2.3. By Charging Speed
- 7.2.6.2.4. By Level Type
- 7.2.6.2.5. By End User
- 7.2.6.3. Japan
- 7.2.6.3.1. By Type
- 7.2.6.3.2. By Voltage Type
- 7.2.6.3.3. By Charging Speed
- 7.2.6.3.4. By Level Type
- 7.2.6.3.5. By End User
- 7.2.6.4. South Korea
- 7.2.6.4.1. By Type
- 7.2.6.4.2. By Voltage Type
- 7.2.6.4.3. By Charging Speed
- 7.2.6.4.4. By Level Type
- 7.2.6.4.5. By End User
- 7.2.6.5. Australia & New Zealand
- 7.2.6.5.1. By Type
- 7.2.6.5.2. By Voltage Type
- 7.2.6.5.3. By Charging Speed
- 7.2.6.5.4. By Level Type
- 7.2.6.5.5. By End User
- 7.2.6.6. Indonesia
- 7.2.6.6.1. By Type
- 7.2.6.6.2. By Voltage Type
- 7.2.6.6.3. By Charging Speed
- 7.2.6.6.4. By Level Type
- 7.2.6.6.5. By End User
- 7.2.6.7. Malaysia
- 7.2.6.7.1. By Type
- 7.2.6.7.2. By Voltage Type
- 7.2.6.7.3. By Charging Speed
- 7.2.6.7.4. By Level Type
- 7.2.6.7.5. By End User
- 7.2.6.8. Singapore
- 7.2.6.8.1. By Type
- 7.2.6.8.2. By Voltage Type
- 7.2.6.8.3. By Charging Speed
- 7.2.6.8.4. By Level Type
- 7.2.6.8.5. By End User
- 7.2.6.9. Vietnam
- 7.2.6.9.1. By Type
- 7.2.6.9.2. By Voltage Type
- 7.2.6.9.3. By Charging Speed
- 7.2.6.9.4. By Level Type
- 7.2.6.9.5. By End User
- 7.2.6.10. Rest of APAC
- 7.2.6.10.1. By Type
- 7.2.6.10.2. By Voltage Type
- 7.2.6.10.3. By Charging Speed
- 7.2.6.10.4. By Level Type
- 7.2.6.10.5. By End User
8. Latin America Electric Vehicle (EV) Charging Connectors Market
- 8.1. Market Size & Forecast, 2019-2029
- 8.1.1. By Value (USD Million)
- 8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Voltage Type
- 8.2.3. By Charging Speed
- 8.2.4. By Level Type
- 8.2.5. By End User
- 8.2.6. By Country
- 8.2.6.1. Brazil
- 8.2.6.1.1. By Type
- 8.2.6.1.2. By Voltage Type
- 8.2.6.1.3. By Charging Speed
- 8.2.6.1.4. By Level Type
- 8.2.6.1.5. By End User
- 8.2.6.2. Mexico
- 8.2.6.2.1. By Type
- 8.2.6.2.2. By Voltage Type
- 8.2.6.2.3. By Charging Speed
- 8.2.6.2.4. By Level Type
- 8.2.6.2.5. By End User
- 8.2.6.3. Argentina
- 8.2.6.3.1. By Type
- 8.2.6.3.2. By Voltage Type
- 8.2.6.3.3. By Charging Speed
- 8.2.6.3.4. By Level Type
- 8.2.6.3.5. By End User
- 8.2.6.4. Peru
- 8.2.6.4.1. By Type
- 8.2.6.4.2. By Voltage Type
- 8.2.6.4.3. By Charging Speed
- 8.2.6.4.4. By Level Type
- 8.2.6.4.5. By End User
- 8.2.6.5. Rest of LATAM
- 8.2.6.5.1. By Type
- 8.2.6.5.2. By Voltage Type
- 8.2.6.5.3. By Charging Speed
- 8.2.6.5.4. By Level Type
- 8.2.6.5.5. By End User
9. Middle East & Africa Electric Vehicle (EV) Charging Connectors Market
- 9.1. Market Size & Forecast, 2019-2029
- 9.1.1. By Value (USD Million)
- 9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Voltage Type
- 9.2.3. By Charging Speed
- 9.2.4. By Level Type
- 9.2.5. By End User
- 9.2.6. By Country
- 9.2.6.1. Saudi Arabia
- 9.2.6.1.1. By Type
- 9.2.6.1.2. By Voltage Type
- 9.2.6.1.3. By Charging Speed
- 9.2.6.1.4. By Level Type
- 9.2.6.1.5. By End User
- 9.2.6.2. UAE
- 9.2.6.2.1. By Type
- 9.2.6.2.2. By Voltage Type
- 9.2.6.2.3. By Charging Speed
- 9.2.6.2.4. By Level Type
- 9.2.6.2.5. By End User
- 9.2.6.3. Qatar
- 9.2.6.3.1. By Type
- 9.2.6.3.2. By Voltage Type
- 9.2.6.3.3. By Charging Speed
- 9.2.6.3.4. By Level Type
- 9.2.6.3.5. By End User
- 9.2.6.4. Kuwait
- 9.2.6.4.1. By Type
- 9.2.6.4.2. By Voltage Type
- 9.2.6.4.3. By Charging Speed
- 9.2.6.4.4. By Level Type
- 9.2.6.4.5. By End User
- 9.2.6.5. South Africa
- 9.2.6.5.1. By Type
- 9.2.6.5.2. By Voltage Type
- 9.2.6.5.3. By Charging Speed
- 9.2.6.5.4. By Level Type
- 9.2.6.5.5. By End User
- 9.2.6.6. Nigeria
- 9.2.6.6.1. By Type
- 9.2.6.6.2. By Voltage Type
- 9.2.6.6.3. By Charging Speed
- 9.2.6.6.4. By Level Type
- 9.2.6.6.5. By End User
- 9.2.6.7. Algeria
- 9.2.6.7.1. By Type
- 9.2.6.7.2. By Voltage Type
- 9.2.6.7.3. By Charging Speed
- 9.2.6.7.4. By Level Type
- 9.2.6.7.5. By End User
- 9.2.6.8. Rest of MEA
- 9.2.6.8.1. By Type
- 9.2.6.8.2. By Voltage Type
- 9.2.6.8.3. By Charging Speed
- 9.2.6.8.4. By Level Type
- 9.2.6.8.5. By End User
10. Competitive Landscape
- 10.1. List of Key Players and Their Offerings
- 10.2. Global Electric Vehicle Charging Connectors Company Market Share Analysis, 2022
- 10.3. Competitive Benchmarking, By Operating Parameters
- 10.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
11. Impact of Covid-19 on Global Electric Vehicle (EV) Charging Connectors Market
12. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 12.1. Tesla
- 12.2. TE Connectivity
- 12.3. Robert Bosch GmbH
- 12.4. Siemens
- 12.5. Tesla
- 12.6. Fujikura Ltd.
- 12.7. HUBER+SUHNER
- 12.8. YAZAKI Corporation
- 12.9. Sumitomo Corporation
- 12.10. ABB
- 12.11. Schneider Electric
- 12.12. Bosch Automotive Service Solutions Inc
- 12.13. Amphenol
- 12.14. ITT Cannon
- 12.15. ChargePoint Inc.
- 12.16. Fischer Connectors SA
- 12.17. Other Prominent Players
13. Key Strategic Recommendations
14. Research Methodology
- 14.1. Qualitative Research
- 14.1.1. Primary & Secondary Research
- 14.2. Quantitative Research
- 14.3. Market Breakdown & Data Triangulation
- 14.3.1. Secondary Research
- 14.3.2. Primary Research
- 14.4. Breakdown of Primary Research Respondents, By Region
- 14.5. Assumptions & Limitations
