Electric Vehicle Connector Market Report: Trends, Forecast and Competitive Analysis to 2030

Electric Vehicle Connector Trends and Forecast

The future of the electric vehicle connector market looks promising with opportunities in the commercial and residential markets. The electric vehicle connector market is expected to reach an estimated $157.3 million by 2030 with a CAGR of 15.6% from 2024 to 2030. The major drivers for this market are the execution of numerous government programs to increase the use of EVs and hybrid vehicles, raising the standard of electric and hybrid cars, as well as, increasing sales of EV's and demand for fast charging.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Electric Vehicle Connector by Segment

The study includes a forecast for the global electric vehicle connector by charging type, charging speed, voltage type, end use, and region.

Electric Vehicle Connector Market by Charging Type [Shipment Analysis by Value from 2018 to 2030]:

• Type 1
• Type 2
• Type 3

Electric Vehicle Connector Market by Charging Speed [Shipment Analysis by Value from 2018 to 2030]:

• Slow
• Fast
• Rapid

Electric Vehicle Connector Market by Voltage Type [Shipment Analysis by Value from 2018 to 2030]:

• AC Charging
• DC Charging

Electric Vehicle Connector Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Commercial
• Residential
• Others

Electric Vehicle Connector Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Electric Vehicle Connector Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies electric vehicle connector companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the electric vehicle connector companies profiled in this report include-

• Yazaki
• TE Connectivity
• Sumitomo
• Schneider Electric
• HUBER+SUHNER
• Tesla
• Bosch

Electric Vehicle Connector Market Insights

Lucintel forecasts that fast charging is expected to witness the highest growth over the forecast period because the majority of public and commercial electric vehicle charging stations are switching to rapid charging.

APAC will remain the largest region over the forecast period due to government assistance in the form of tax breaks, grants, and subsidies, as well as ongoing infrastructure improvements for charging in nations like China and Japan.

Features of the Electric Vehicle Connector Market

Market Size Estimates: Electric vehicle connector market size estimation in terms of value ($M).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Electric vehicle connector market size by charging type, charging speed, voltage type, end use, and region in terms of value ($M).

Regional Analysis: Electric vehicle connector market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different charging type, charging speed, voltage type, end use, and regions for the electric vehicle connector market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the electric vehicle connector market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the electric vehicle connector market size?

Answer: The global electric vehicle connector market is expected to reach an estimated $157.3 million by 2030.

Q2. What is the growth forecast for electric vehicle connector market?

Answer: The global electric vehicle connector market is expected to grow with a CAGR of 15.6% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the electric vehicle connector market?

Answer: The major drivers for this market are the execution of numerous government programs to increase the use of EVs and hybrid vehicles, raising the standard of electric and hybrid cars, as well as, increasing sales of EV's and demand for fast charging.

Q4. What are the major segments for electric vehicle connector market?

Answer: The future of the electric vehicle connector market looks promising with opportunities in the commercial and residential markets.

Q5. Who are the key electric vehicle connector market companies?

Answer: Some of the key electric vehicle connector companies are as follows:

• Yazaki
• TE Connectivity
• Sumitomo
• Schneider Electric
• HUBER+SUHNER
• Tesla
• Bosch

Q6. Which electric vehicle connector market segment will be the largest in future?

Answer: Lucintel forecasts that fast charging is expected to witness the highest growth over the forecast period because the majority of public and commercial electric vehicle charging stations are switching to rapid charging.

Q7. In electric vehicle connector market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to government assistance in the form of tax breaks, grants, and subsidies, as well as ongoing infrastructure improvements for charging in nations like China and Japan.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the electric vehicle connector market by charging type (type 1, type 2, and type 3), charging speed (slow, fast, and rapid), voltage type (ac charging and dc charging), end use (commercial , residential, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?