The report EV Connectors Market by Type ( CCS, Chademo, GB/T, Tesla), Charging level (Level 1 to Level 4), Charging Speed (Slow, Fast), Voltage (AC, DC), End User (Residential, Commercial) and by region (North America, Europe, Asia Pacific, Middle East & Africa & South America) Global EV Connectors Market was valued at US$ XX Mn in 2019 and is expected to reach US$ XXMn by 2027 at a CAGR of XX % during a forecast period.
Driving factors for the EV Connectors Market are the rising efficiency has helped flatten our connecters demand and amid strong economic growth. Low defense budgets and High Investment cost will act as a restraint to the market. The upshot of this is a fall in demand for oil and an ever-increasing need for the infrastructure to support electric vehicles. The rise of electric vehicles and the birth of new generations who grow up seeing viable alternatives is set to accelerate things. Electric vehicles have their pioneers too, most prominent amongst them being Tesla, led by the charismatic Elon Musk. Supercharger stations where Tesla drivers can recharge their cars are becoming an increasingly common sight. High price of electric car and underdeveloped infrastructure will act as restraint to the market.
GB/T is leading the EV Connectors Market.
Charging equipment are prerequisite for electric vehicle, (EV) adoption by vehicle owners. Various countries adopted GB/T with different approaches and business models for creation of EV as per ecosystem with mixed success. Chinese manufacturers, there are actually still more GB/T charging stations globally than either ChadeMO, CCS or Tesla. GB/T has the sheer number of Chinese units and is also reportedly developing a new 900 kW standard. The future is in GB/T to come for rapid charging. The standard which many smaller EV manufacturer are following and can be an opportunity in the market.
Based on Voltage, the DC segment is estimated to witness a high growth rate during the forecast period
Asia Pacific is the leading regional market for EV Connectors Market.
The rise in economic growth in the emerging economies in Asia, existing power supply and demand for steady power supply are creating huge demand in this region. Small cars account for a significant share of electric cars market in Asia-Pacific due to low prices of these cars and cost sensitive buying behavior of customers in this region. Opportunities can be scope for new technological innovations and future’s simplified manufacturing systems in Asia pacific region.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as are Yazaki, TE Connectivity, Sumitomo, Schneider Electric, HUBER+SUHNER, Tesla, Bosch, ITT, Amphenol, Siemens AG, ABB and Fujikura.
Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the EV Connectors Market. Report encompasses the market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the EV Connectors Market. The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain EV Connectors Market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “ EV Connectors Market”.
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