As per Market Research Future and its study, the global electric vehicle connector market 2020 is moving ahead with a massive valuation that projects attain by the year 2023. This valuation will be scored at a higher CAGR that would hit these figures during the forecast period of 2018–2023.
Top Impacting Factors
The electric vehicle connector is an electric vehicle charging connector through which electric power is transferred for recharging. The design and specification of EV connectors vary as per the electric vehicle and the charging speed of the charging station. This includes fast charging, slow charging, and fast charging. The global electric vehicle connectors market is rising due to many factors, even in the long-term impact of COVID-19. The study would help in finding the crucial factors.
MRFR finds that the rising demand for electric vehicles owing to the boost in understanding regarding emission and stringent regulation on transportation pollution is leading factors likely to drive the electric vehicle connector market during the assessment period. Higher sales of electric vehicles are predicted to result in an elevated rate of adoption of electric vehicle charging stations, as electric vehicles operate electric power as fuel.
In fact, the growing support from government bodies through subsidies and tax credits is also contributing to propelling the electric vehicle connector market during the assessment period. With this, other factors such as rising support from regulatory bodies to opt for electric vehicles supplemented with economical operational and low maintenance cost also has a significant role in leading to a rise in installation of electric vehicle charging stations, which in turn is projected to boost the electric vehicle connector market in the coming years.
Segmentation of Market: Electric Vehicle Connector
The global electric vehicle connector market is segmented over various segments such as connector type, power supply range, charging type, charging station, current supply, charging speed, component, vehicle type, and application.
- In terms of connector type, the market has been segmented into type1, type2, type3, and more.
- In terms of power supply range segment, the market has included level1 (1.4 kW–1.9 kW), level2 (AC 240 V Up to 19.2 kW), level 3 (DC 200 V–600 V Up to 240 kW), and level 4 (>DC 600 V, Above 240 kW).
- In terms of the current supply charging segment has to include AC charging and DC charging.
- In terms of the charging station segment, the market has included wall-mounted, and floor mounted.
- In terms of the charging speed segment, the market has been segmented into fast-slow, and rapid charger.
- In terms of component segment, the market has included adaptor, leads, pins, wall box, and others.
- In terms of vehicle type segment, the market has included plug-in EV, battery EV, and hybrid EV.
- In terms of application, the market has included residential and commercial.
Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/7222
Top Market Players
The well-known players in the global Electric Vehicle Connectors Market are listed as Schneider Electric (France), Yazaki (Japan), Bosch (Germany), Tesla (US), Siemens AG (Germany), ABB (China), Amphenol (US), Fujikura (Japan), and Sumitomo (Japan).
Regional Framework
Geographically, the global electric vehicle connector market has been studied for the significant regions, namely Europe, North America, Asia-Pacific, and the Rest of the World.
The Asia-Pacific region is estimated to grasp the largest market share during the forecast period owing to the increase in charging infrastructure from the countries of China and Japan. In fact, the surged production and sales of the electric vehicle are likely to boost the demand for the electric vehicle connector market in this region. After these factors, the swelling disposable income from countries such as China and India, escalating population, urbanization, and rising focus to condense the vehicle emissions are contributing to the growth of this market in this region.
Major Highlights of TOC Covers:
- Executive Summary
- Key Business Trends
- Regional Trends and Growth
- Product Trends
- End-use Trends
- Definition and Forecast Parameters
- Electric vehicle connector Market Segmentation
- Electric vehicle connector Market Landscape
- Vendor Matrix
- Company Profiles
- Business Overview
- Financial Data
- Product Landscape
More…
If you have any requirements, let know and we will customize the report according to your need.
Get More Information: https://www.marketresearchfuture.com/reports/electric-vehicle-connector-market-7222
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact Us
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Market Highlights Market Research Future published a research report on the Global Electric Vehicle Connector Market, which expected to progress with 20% CAGR from 2019–2024.
The sudden outbreak of the COVID-19 virus and its impact on the industry are analyzed in granular detail.Main Boosters and Key Deterrents Electric vehicles note high demand as they outperform other vehicle types, offering various benefits including low carbon emission, comfortable drive, higher fuel economy, convenience of charging at home, reduced sound from engine and more.
However, the global auto industry is experiencing a rough patch due to the recent COVID-19 crisis.
Considering these factors, one can safely assume that the demand for electric vehicle connector market can boom in the following years.A vast number of companies in the market boast of well-built distribution networks, which contributes largely to the market growth for electric vehicle connectors.
Surge in EV charging points can also induce market growth in the approaching years.Significant Contenders Significant contenders operating in the electric vehicle connector industry are Huber+Suhner (Switzerland), Fujikura (Japan), Yazaki (Japan), Tesla (US), Bosch (Germany), Schneider Electric (France), ABB (China), Siemens AG (Germany), Sumitomo (Japan), Amphenol (US), to mention a few.Get Free Sample Report@ https://www.marketresearchfuture.com/sample_request/7222Market Segmentation The electric vehicle connector industry has been extensively covered in the report, taking into account segments like connector type, charging type, power supply range, current supply, charging station, charging speed, component, vehicle type and application.
The market segmentation as per the connector type comprises type1, type2, type3, and others.
Electric Vehicle Connector Market – OverviewThe revolution in the automobile sector brought about by the need to reduce repercussions to the global climate has raised the demand for electric vehicles.
The amplified development of the electric vehicle connectors is attributed to the use of electric cars for longer distances which requires an increased number of charging points is expected to create an increased scope for the market in the approaching years.Request for Free Sample Report @ https://www.marketresearchfuture.com/sample_request/7222Segmental AnalysisThe segmentation of the electric vehicle connector market is carried out on the basis of charging type, connector type, power supply range, charging station, vehicle type, charging speed, component, application, and region.
By component, the electric vehicle connector market has been segmented into leads, wallbox, adaptor, pins, battery EV, and others.
The regions in the electric vehicle connector market are Asia-Pacific, Europe, North America, and the Rest of the World.Detailed Regional Analysis The regional examination of the electric vehicle connector market comprises of regions such as Europe, Asia Pacific, North America, and the rest of the world.
The Asia Pacific region is likely to hold the biggest market share through the forecast period due to increasing charging infrastructure from Japan and China.
Furthermore, amplified production and sales of electric vehicles are projected to further the demand for electric vehicle connector market in this region.
