PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1391738
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1391738
India EV Charging Connector Market, By Type ; By Charging Level ; By Charging Speed ; By End User ; By Region, Trend Analysis, Competitive Landscape & Forecast, 2019-2029
India EV Charging Connector Market Size Zooming 2.8X at Robust CAGR of 18.5% to Touch USD 4.82 Billion by 2029.
India EV charging connector market is booming because of the growing government support for the adoption of electric vehicles (EVs) and increasing EV sales across the country.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the India EV charging connector market size at USD 1.74 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the India EV charging connector market size to grow at a robust CAGR of 18.49% reaching a value of USD 4.82 billion by 2029. Major growth drivers for the India EV charging connector market include an increasing government initiative supporting electric vehicle (EV) adoption to combat air pollution, high fuel prices, and environmental concerns. The growth in the automotive industry in India is creating a positive outlook for the EV charging connector market. As more automobile manufacturers invest in EVs, there is a growing demand for charging infrastructure. The widespread adoption of electric EVs in India is a significant driver for the market. This is largely due to concerns about carbon emissions and increasing fuel prices, making EVs a more attractive and sustainable transportation option. Notably, the market has seen continuous technological advancements, including wireless charging solutions and the integration of IoT for real-time monitoring and scheduling of charging sessions. These advancements improve the user experience and the efficiency of charging stations. Also, the development of a robust and widespread charging infrastructure is a critical aspect of the EV market. Public charging stations, home charging solutions, and fast-charging networks are all essential components. Private companies and government initiatives have been working to expand the charging network across the country. Hence, such aspects are expected to drive the expansion of the India EV charging connector market during the forecast period. However, high initial costs and infrastructure challenges are anticipated to restrain the overall market growth during the period in analysis.
India EV Charging Connector Market - Overview
The India electric vehicle (EV) charging connector market pertains to the sector involved in producing, distributing, and using connectors for charging electric vehicles. These connectors serve as the bridge between the vehicle and charging station, enabling power transfer. India utilizes various connector types, including AC and DC fast charging connectors, as well as EV charging cable assemblies. This market is rapidly expanding in line with the growing adoption of electric vehicles. It encompasses connector manufacturers, charging station operators, automakers, and government bodies, all working together to establish standardized and efficient charging solutions. This market's development is critical for the widespread adoption of electric mobility in India, offering convenient and standardized charging access to EV users.
Impact of COVID-19 on India EV Charging Connector Market
COVID-19 pandemic had a dual impact on the India EV charging connector 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 electric vehicles 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 electric vehicle adoption post-pandemic have contributed to the market's recovery. Furthermore, the pandemic highlighted the importance of clean transportation, driving the demand for electric vehicles and subsequently boosting the need for charging connectors.
India EV Charging Connector Market - By Type
By type, the India EV charging connector market is divided 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 holds the highest share in the India EV charging connector market by type. Type 2 connectors are widely adopted, particularly for home charging and public charging infrastructure. They are known for their compatibility with both AC and DC charging, making them a preferred choice for charging station operators and EV manufacturers. This dual compatibility simplifies the charging infrastructure, providing convenience to EV users. As the adoption of electric vehicles continues to grow, the Type 2 segment's flexibility and compatibility are expected to maintain its prominence in the Indian market.
Competitive Landscape
Major players operating in the India EV charging connector market include: Trinity Touch, Griden Power, JT Mobility Pvt Ltd, M.S.B. Electronics, Hyperion Chargers Pvt. Ltd, ABB India, and EO2. 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 India EV Charging Connector Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in India EV Charging Connector 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. India EV Charging Connector Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Government support toward adoption of electric vehicle (EV)
- 3.2.1.2. Increasing adoption of electric vehicles
- 3.2.2. Restraints
- 3.2.2.1. High initial investment
- 3.2.2.2. Infrastructure challenges
- 3.2.3. Opportunities
- 3.2.3.1. Development of charging infrastructure
- 3.2.3.2. Technological advancements and innovation
- 3.2.4. Challenges
- 3.2.4.1. Rapid changes in government policies, including subsidies and incentives
- 3.2.1. Growth Drivers
- 3.3. Technological 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. India EV Charging Connector 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 Charging Level
- 4.2.2.1. Level 1
- 4.2.2.2. Level 2
- 4.2.2.3. Level 3
- 4.2.3. By Charging Speed
- 4.2.3.1. Slow Speed
- 4.2.3.2. Fast Charging
- 4.2.4. By End User
- 4.2.4.1. Residential
- 4.2.4.2. Commercial
- 4.2.5. By Region
- 4.2.5.1. North India
- 4.2.5.2. South India
- 4.2.5.3. East India
- 4.2.5.4. West India
- 4.2.1. By Type
5. North India EV Charging Connector 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 Charging Level
- 5.2.3. By Charging Speed
- 5.2.4. By End User
6. South India EV Charging Connector 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 Charging Level
- 6.2.3. By Charging Speed
- 6.2.4. By End User
7. East India EV Charging Connector 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 Charging Level
- 7.2.3. By Charging Speed
- 7.2.4. By End User
8. West India EV Charging Connector 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 Charging Level
- 8.2.3. By Charging Speed
- 8.2.4. By End User
9. Competitive Landscape
- 9.1. List of Key Players and Their Offerings
- 9.2. India EV Charging Connector Company Market Share Analysis, 2022
- 9.3. Competitive Benchmarking, By Operating Parameters
- 9.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
10. Impact of Covid-19 on India EV Charging Connector Market
11. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 11.1. Trinity Touch
- 11.2. Griden Power
- 11.3. JT Mobility Pvt Ltd
- 11.4. M.S.B. Electronics
- 11.5. Hyperion Chargers Pvt Ltd
- 11.6. ABB India
- 11.7. EO2
- 11.8. Other Prominent Players
12. Key Strategic Recommendations
13. Research Methodology
- 13.1. Qualitative Research
- 13.1.1. Primary & Secondary Research
- 13.2. Quantitative Research
- 13.3. Market Breakdown & Data Triangulation
- 13.3.1. Secondary Research
- 13.3.2. Primary Research
- 13.4. Breakdown of Primary Research Respondents, By Region
- 13.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
- Figure 1 India EV Charging Connector Segmentation
- Figure 2 India EV Charging Connector Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2022
- Figure 4 India EV Charging Connector Market Size, By Value (USD Million), 2019-2029
- Figure 5 India EV Charging Connector Market Share, By Type, By Value, 2019-2029
- Figure 6 India EV Charging Connector Market Share, By Charging Level, By Value, 2019-2029
- Figure 7 India EV Charging Connector Market Share, By Charging Speed, By Value, 2019-2029
- Figure 8 India EV Charging Connector Market Share, By End User, By Value, 2019-2029
- Figure 9 India EV Charging Connector Market Share, By Region, By Value, 2019-2029
- Figure 10 North India EV Charging Connector Market Size, By Value (USD Million), 2019-2029
- Figure 11 North India EV Charging Connector Market Share, By Type, By Value, 2019-2029
- Figure 12 North India EV Charging Connector Market Share, By Charging Level, By Value, 2019-2029
- Figure 13 North EV Charging Connector Market Share, By Charging Speed, By Value, 2019-2029
- Figure 14 North India EV Charging Connector Market Share, By End User, By Value, 2019-2029
- Figure 15 South India EV Charging Connector Market Size, By Value (USD Million), 2019-2029
- Figure 16 South India EV Charging Connector Market Share, By Type, By Value, 2019-2029
- Figure 17 South India EV Charging Connector Market Share, By Charging Level, By Value, 2019-2029
- Figure 18 South EV Charging Connector Market Share, By Charging Speed, By Value, 2019-2029
- Figure 19 South India EV Charging Connector Market Share, By End User, By Value, 2019-2029
- Figure 20 East India EV Charging Connector Market Size, By Value (USD Million), 2019-2029
- Figure 21 East India EV Charging Connector Market Share, By Type, By Value, 2019-2029
- Figure 22 East India EV Charging Connector Market Share, By Charging Level, By Value, 2019-2029
- Figure 23 East India EV Charging Connector Market Share, By Charging Speed, By Value, 2019-2029
- Figure 24 East EV Charging Connector Market Share, By End User, By Value, 2019-2029
- Figure 25 West India EV Charging Connector Market Size, By Value (USD Million), 2019-2029
- Figure 26 West India EV Charging Connector Market Share, By Type, By Value, 2019-2029
- Figure 27 West India EV Charging Connector Market Share, By Charging Level, By Value, 2019-2029
- Figure 28 West India EV Charging Connector Market Share, By Charging Speed, By Value, 2019-2029
- Figure 29 West EV Charging Connector Market Share, By End User, By Value, 2019-2029
List of Tables
- Table 1 India EV Charging Connector Segmentation
- Table 2 India EV Charging Connector Market Value Chain Analysis
- Table 3 Company Market Share Analysis, 2022
- Table 4 India EV Charging Connector Market Size, By Value (USD Million), 2019-2029
- Table 5 India EV Charging Connector Market Share, By Type, By Value, 2019-2029
- Table 6 India EV Charging Connector Market Share, By Charging Level, By Value, 2019-2029
- Table 7 India EV Charging Connector Market Share, By Charging Speed, By Value, 2019-2029
- Table 8 India EV Charging Connector Market Share, By End User, By Value, 2019-2029
- Table 9 India EV Charging Connector Market Share, By India, By Value, 2019-2029
- Table 10 North India EV Charging Connector Market Size, By Value (USD Million), 2019-2029
- Table 11 North India EV Charging Connector Market Share, By Type, By Value, 2019-2029
- Table 12 North India EV Charging Connector Market Share, By Charging Level, By Value, 2019-2029
- Table 13 North EV Charging Connector Market Share, By Charging Speed, By Value, 2019-2029
- Table 14 North India EV Charging Connector Market Share, By End User, By Value, 2019-2029
- Table 15 South India EV Charging Connector Market Size, By Value (USD Million), 2019-2029
- Table 16 South India EV Charging Connector Market Share, By Type, By Value, 2019-2029
- Table 17 South India EV Charging Connector Market Share, By Charging Level, By Value, 2019-2029
- Table 18 South EV Charging Connector Market Share, By Charging Speed, By Value, 2019-2029
- Table 19 South India EV Charging Connector Market Share, By End User, By Value, 2019-2029
- Table 20 East India EV Charging Connector Market Size, By Value (USD Million), 2019-2029
- Table 21 East India EV Charging Connector Market Share, By Type, By Value, 2019-2029
- Table 22 East India EV Charging Connector Market Share, By Charging Level, By Value, 2019-2029
- Table 23 East India EV Charging Connector Market Share, By Charging Speed, By Value, 2019-2029
- Table 24 East EV Charging Connector Market Share, By End User, By Value, 2019-2029
- Table 25 West India EV Charging Connector Market Size, By Value (USD Million), 2019-2029
- Table 26 West India EV Charging Connector Market Share, By Type, By Value, 2019-2029
- Table 27 West EV Charging Connector Market Share, By Charging Level, By Value, 2019-2029
- Table 28 West India EV Charging Connector Market Share, By Charging Speed, By Value, 2019-2029
- Table 29 West EV Charging Connector Market Share, By End User, By Value, 2019-2029
- Table 30 Trinity Touch Company Overview
- Table 31 Trinity Touch Financial Overview
- Table 32 Griden Power Company Overview
- Table 33 Griden Power Financial Overview
- Table 34 JT Mobility Pvt Ltd Company Overview
- Table 35 JT Mobility Pvt Ltd Financial Overview
- Table 36 M.S.B. Electronics Company Overview
- Table 37 M.S.B. Electronics Financial Overview
- Table 38 Hyperion Chargers Pvt Ltd Company Overview
- Table 39 Hyperion Chargers Pvt Ltd Financial Overview
- Table 40 ABB India Company Overview
- Table 41 ABB India Financial Overview
- Table 42 EO2 Company Overview
- Table 43 EO2 Financial Overview
