logo
logo
Sign in

What future holds for EV Charging Connectors Market?

avatar
Arshad Shaha

Global EV Charging Connectors Market is valued at USD 39.8 Million in 2020 and expected to reach USD 127.6 Million by 2027 with a CAGR of 18.1% over the forecast period.

EV Charging Connectors Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027- Increasing demand for electric vehicles due to environmental regulations is one of the major factors anticipated to drive the growth of Global EV Charging Connectors Market.

We Have Recent Updates of EV Charging Connectors Market and Get Premium Sample Copy@ https://brandessenceresearch.com/requestSample/PostId/1448?utm_source=BSN&utm_medium=AR

During Covid-19 Pandemic, the consumer’s purchasing power has been reduced. The social distancing & reduced EV sales in lockdown resulted in negative effect on the EV charging connectors market. The situation of EV market after lockdown is reaching to pre-covid-19 level and expected to grow in coming few years. 

News: EV Charging Groups are Focusing on the UK’s Ban on Sales of Diesel & Petrol Car by 2030.

On January 18th, 2021; The UK government is focusing to ban the sale of petrol and diesel car by 2030 which has led the increased demand of EV. 1 in 10 car in 2020 with 6.6% battery electric car and 4.1% hybrid car plug in to charge. The infrastructure demand has increased & companies like Ecotricity, Ubitricity and Pod Point rolling out public charger. Greater London has max 9400 connectors in comparison to 500 in Northern Ireland. The requirement for long distance drivers rapid charging and to individual who can’t pay for connector installed at home and don’t have off street parking.

Scope of Global EV Charging Connectors Market Report:

EV Charging Connectors are the connecting socket which is used to charge the electric vehicle at the charging station. Its function is similar to that phone charger but it is designed to conduct high power. The connector can be found in different shape & sizes depend on the charging facility or type i.e. fast/slow or power carrying capacity i.e. 7kW/22Kw etc. It is used to charge electric vehicle i.e. car, bike, etc in an efficient, fast and reliable way. The charging connectors are different based on region, depending upon the manufacturer or regional manufacturing standards i.e. European standard, American standard, Tesla connector and etc.

The manufacturing of connector requires maintaining high product quality for the safety of users, EV and infrastructure. The EV manufacturer like Tesla, BMW, Audi has been leading the way for market to pot of electric vehicle. There are several types of connectors based on technological changes done in the past. There are many economies which are trying to shift to 100% electrical vehicle in some year like Britain.

Key Players for Global EV Charging Connectors Market Report:

Some of the key players for global EV charging connector market are Schneider Electric, Yazaki, Bosch, Tesla, Siemens AG, ABB, Amphenol, Fujikura, Sumitomo, AeroVironment, Inc., BP Chargemaster, ChargePoint, ClipperCreek, Eaton Corp., General Electric Company, Leviton Manufacturing Co., SemaConnect, Inc., Webasto SE and others.

To Read More about the Study, Read the Complete Description @ https://brandessenceresearch.com/automotive-and-transport/ev-charging-connectors-market-size

Increasing Demand for Electric Vehicles due to Environmental Regulations is One of the Major Factors Anticipated to Drive the Market Growth

The increasing demand of EVs is one of the major factors driving the growth of global EV charging connectors market. The exhaust gases of car contain carbon monoxide, sulfur dioxide, nitrogen oxides, etc which are harmful and results in health issues, global warming and etc. EV reduces the exhaust gases to minimal level. In addition, the over dependence on fossil fuel for petroleum, coal, etc. results in depletion & extinction of natural resources. In addition, supportive government policies to encourage the adoption of EVs are also supplementing the market growth.

Key Benefits for Global EV Charging Connectors Market Report:

  • Global EV Charging Connectors Market report covers in-depth historical and forecast analysis.
  • Global EV Charging Connectors Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
  • Global EV Charging Connectors Market report helps to identify opportunities in marketplace.
  • Global EV Charging Connectors Market report covers extensive analysis of emerging trends and competitive landscape.

Global EV Charging Connectors Market Segmentation:

By Level of charging:

  • Level 1
  • Level 2
  • Level 3
  • Level 4

 By Voltage Type:

  • Ac charging
  • Dc charging

By Charging speed:

  • Slow
  • Fast
  • Rapid
  • Ultra rapid

By Component:

  • Leads
  • Adapters
  • Wallbox
  • Portable Chargers
  • Pins
  • Delta AC Mini Plus

By Application:

  • Residential
  • Commercial

Request for Methodology of this report: https://brandessenceresearch.com/requestMethodology/PostId/1448?utm_source=BSN&utm_medium=AR

EV Charging Connectors Market By Regional & Country Level:

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • France
  • Germany
  • Italy

Asia Pacific

  • China
  • Japan
  • India
  • Southeast Asia

Latin America

  • Brazil
  • Mexico

Middle East and Africa

  • GCC
  • Africa
  • Rest of Middle East and Africa

Asia Pacific is anticipated to capture the Significant Share in the Global EV Charging Connectors Market.

The global EV charging connectors market is segmented into North America, Europe, Asia-Pacific Latin America and Middle East & Africa. The Asia Pacific is expected to grow at a fast pace due to its large population & some technically advanced economies like China which has highest EV in world. The region has developing infrastructure & hence leads significant opportunity to grow.

 

About:  Brandessence Market Research Inc.

Brandessence market research publishes market research reports & business insights produced by highly qualified and experienced industry analysts. Brand Essence Market Research report will be best fit for senior executives, business development managers, marketing managers, consultants, CEOs, CIOs, COOs, and Directors, governments, agencies, organizations and Ph.D. Students. We have a delivery center in Pune, India and our sales office is in London.

Contact Us:

Alan Ruffalo

Corporate Sales: +44-2038074155

Email: [email protected]

Web: https://brandessenceresearch.com/

collect
0
avatar
Arshad Shaha
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more