EV Charging Connector Market Synopsis

EV Charging Connector Market Size Was Valued at USD 70.39 Billion in 2023 and is Projected to Reach USD 329.28 Billion by 2032, Growing at a CAGR of 18.7% From 2024-2032.

An Electric Vehicle Charging Connector refers to a physical element through which energy from the grid goes to an electric vehicle and its battery. These connectors are offered in many different styles and sizes and are compatible with specific outputs and requirements or chargers by geographic location. Currently, they contribute to the general use of electric cars through charging stations that also ensure that the batteries suffice for the required range and usage.

• The connectors used in charging systems are being devised to meet the rising demand in capability for charging voltages as well as to integrate diverse charging networks, self-coupling mechanisms, enhanced locking systems, and compatibility with smart grid systems. Some of the most familiar ones are SAE J1772, CCS or Combined Charging System or Combo, CHAdeMO, and Supercharger which is unique to Tesla cars.
• The trend toward e-mobility keeps on rising, and the processes of standardization and development of EV charging connectors as crucial elements of the charging infrastructure remain vital for boosting the accessibility and user-friendliness of this sector.

EV Charging Connector Market Trend Analysis

Rising EV adoption

• The most notable growth factor that can be attributed to the EV Charging Connector market is the continuous increase in the usage of electric vehicles. Electric vehicle usage has seemed to increase significantly due to initiatives towards reduced emissions and use of fossil resources and thus there has been a high demand for charging stations.
• Connectors for an EV charger are an important part of this infrastructure as they are the actual point of contact between the charging equipment and the car. So, the infrastructure for charging needs to evolve, and provide various chargers for different types of cars using different standards for fast charging, like CCS, CHAdeMO, and Type 2.
• Additionally, the development of EV charge stations both for public and private areas and the continuous demand for connectors to charge them up equally propels the demand for charging connectors. Currently, governments and utility companies together with other firms are putting their resources into the establishment of charging units in markets to spur the growth of EV markets globally.
• This involves the provision of charging stations that are situated on the highways and at workplaces as well as the residential housing charging structures. Hence, the threat of substitutes arises with the emergence of robust, compatible, and easy-to-use frontier charging connectors that satisfy the needs of the evolving EV drivers, the uncertainty, and the development of rivalry in the EV Charging Connector market.

Development of wireless charging solutions

• Wireless charging solutions are the potent future and their emergence opens the doors of the EV Charging Connector market. There are many benefits associated with wireless charging that are better than plug-in charging such as comfort, convenience, and no wearing of connection points.
• More so, with the increasing trend of the use of electric cars especially in urban areas where physical space to charge the cars is limited, wireless charging comes in handy since it does not require connectors and cables which will require so much space. This technology also has a response in regards to the endurance of connectors, which might decrease expenses for constant maintenance of the primary charging components over the years.
• Furthermore, Cordless charging creates possibilities for EV charging installation that are not achievable with cables and plugs, for example in cases when the charging points are placed in AV UAV locations that are not suitable for installation of charging stations due to aesthetic reasons. Through charging pads, one can easily charge his or her car without the need to reverse it or occupy another parking lot, more so they can be installed in parking lots, streets, and even highways which makes it more efficient as compared to rotating the car to another different angle to charge it.
• Wireless charging tech is on everyone’s lips due to the likes of automakers and charging infrastructures investing in research and implementation of this system; compatible charging connectors and systems market is a business rife with opportunities for any firm in the EV Charging Connector Market.

EV Charging Connector Market Segment Analysis:

EV Charging Connector Market is segmented based on Type, Sources, and Vehicle Type.

Currently, DC connectors are expected to dominate the market during the forecast period

• Analyzing the current segment of the EV Charging Connector market, it is found that DC connectors are generally more popular than AC connectors for various reasons. DC connectors or fast charging connectors are indispensable for quick charging electric vehicles and thus require substantial demand as the need for quick charging systems continues to increase.
• These connectors provide charging over the connectors as opposed to AC connectors that are usually employed in charging at home or any condition that is not urgent. As the number of electric cars and the requirement for optimal charging increases more trending demand towards DC connectors has been witnessed to increase efficiencies in public charging assemblies and along the highways where motorists demand quick turnaround.
• Despite this, the AC connectors segment continues to remain relevant in the EV Charging Connector market, particularly in regards to charging infrastructure within residential and workplace environments. Y connections are used for transferring smaller currents at night, for their owners’ convenience and to save on expenses, thus charging electric cars at home or during periods of long parking.
• Although AC connectors are not present in public charging stations as much as DC connectors, they bring value to electric vehicle owners for their daily charging needs, which contributed to the ongoing use and prominence of AC connectors in the market. Also, dual voltage connectors are presently witnessing growing demand since they allow charging both the AC and DC system, thus contributing to the growth of versatility and convertibility, which has also enriched the potential options in the EV Charging Connector market.

By Voltage, the Medium segment held the largest share in 2023

• According to the charging connection infrastructure, voltage segments are dominated in the Global EV Charging Connector market while the requirement of users involved in electric vehicles differs. In most cases though, the medium voltage segment is seen to have a slightly higher market capture because of its flexibility and can be used in almost all forms of charging.
• Medium Voltage Connectors are available in levels of 48V or lower and are predominantly used in public charging stations and other commercial applications since their expense balances out the charging capability required. These connectors can provide enough charging capabilities ideal for common electric vehicles without necessarily having to invest in elaborate equipment and structures; this makes them the go-to solution when it comes to expanding charging solutions for the existing and future electric vehicle brands in the market.
• But with the development of electric vehicles where the battery capacity is increased and charging time to a significant extent is reduced, a new segment this is high voltage is growing fast. Various high voltage connectors that are usually linked with quick charging systems like DC fast charging systems allow high charge currents essential for undertaking extended range fast charging and other mobile charging requirements.
• As Battery technology and charging points improve, there is a trend where connectors that handle high currents are used in public charging stations, especially on Highways and other routes people pass through, where they do not want to spend much time charging. The continued dominance of the low-voltage connectors in the market can still be attributed to residential applications and slow-charging infrastructure, whereas high-voltage segments dominate the industry since it is the core area of efficient and widely used charging solutions to provide support with the increasing popularity of the use of electric vehicles.

EV Charging Connector Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast Period

• Several reasons explain why Asia Pacific currently leads in the consumption of EV Charging Connector. Firstly, a significant portion of the global electric vehicle markets and markets with the fastest-growing rates of electric vehicle adoption are located in the region which includes China, Japan, and South Korea.
• These nations have long-term plans to shift towards electric transportation with the adoption of electric vehicles in their vehicle fleets to decrease greenhouse gas emissions and reliance on fossil fuels, thus spurring large-scale investment in EV charging. Therefore, charging connectors are in high demand to facilitate the establishment of charging stations in the cities, highways, and even residential places thus creating a market push for the category in the region.
• Furthermore Asia Pacific is another promising region with many manufacturers of EV charging connectors located in China and South Korea. Having close links with manufacturing centers, companies can easily provide the best charging connectors for solar systems and minimize the expense and time for deployment.
• Besides, entering and growing in some of the key markets such as China and India which have immensely favorable government policies and incentives towards EV adoption and development of the charging infrastructure also provide an added advantage. The Asia Pacific market still enjoys favorable legislation, consumer interest is rising, and manufacturers are flourishing, therefore, it is worth mentioning, that this region is still leading and will continue to drive growth in the market shortly.

Active Key Players in the EV Charging Connector Market

• ABB (Switzerland)
• Alfen (Netherlands)
• Blink Charging (United States)
• BYD (China)
• ChargePoint (United States)
• Delta Electronics (Taiwan)
• Efacec (Portugal)
• Engie (France)
• EVBox (Netherlands)
• Greenlots (United States)
• Heliox (Netherlands)
• Jiangsu Sfere Electric (China)
• Legrand (France)
• Pod Point (United Kingdom)
• Schneider Electric (France)
• Siemens (Germany)
• Signet EV (India)
• Tesla (United States)
• Tritium (Australia)
• Webasto (Germany)
• Other Key Players

1. INTRODUCTION
   1. RESEARCH OBJECTIVES
   2. RESEARCH METHODOLOGY
   3. RESEARCH PROCESS
   4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
   5. MARKET SEGMENTATION
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
4. GROWTH OPPORTUNITIES BY SEGMENT
5. MARKET LANDSCAPE
   1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
   2. INDUSTRY VALUE CHAIN ANALYSIS
   3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   4. MARKET TREND ANALYSIS
   5. REGULATORY LANDSCAPE
   6. PESTLE ANALYSIS
   7. PRICE TREND ANALYSIS
   8. PATENT ANALYSIS
   9. TECHNOLOGY EVALUATION
   10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
       1. Geopolitical Market Disruptions
       2. Supply Chain Disruptions
       3. Instability in Emerging Markets
   11. ECOSYSTEM
6. EV CHARGING CONNECTOR MARKET BY CURRENT (2017-2032)
   1. EV CHARGING CONNECTOR MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. AC CONNECTORS
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2032F)
      3. Historic And Forecasted Market Size in Volume (2017-2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. DC CONNECTORS
   5. COMBINED CONNECTOR
7. EV CHARGING CONNECTOR MARKET BY VOLTAGE (2017-2032)
   1. EV CHARGING CONNECTOR MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. LOW
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2032F)
      3. Historic And Forecasted Market Size in Volume (2017-2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. MEDIUM
   5. HIGH
8. EV CHARGING CONNECTOR MARKET BY CONNECTION (2017-2032)
   1. EV CHARGING CONNECTOR MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. WIRE-TO-WIRE
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2032F)
      3. Historic And Forecasted Market Size in Volume (2017-2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. WIRE-TO-BOARD
   5. BOARD-TO-BOARD
9. EV CHARGING CONNECTOR MARKET BY APPLICATION (2017-2032)
   1. EV CHARGING CONNECTOR MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. CHARGING
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2032F)
      3. Historic And Forecasted Market Size in Volume (2017-2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. BODY CONTROL & INTERIORS
   5. INFOTAINMENT SYSTEMS
   6. POWERTRAIN & ENGINE MANAGEMENT
   7. BATTERY MANAGEMENT SYSTEM
   8. OTHERS
10. COMPANY PROFILES AND COMPETITIVE ANALYSIS
    1. COMPETITIVE LANDSCAPE
       1. Competitive Benchmarking
       2. EV CHARGING CONNECTOR Market Share By Manufacturer (2023)
       3. Industry BCG Matrix
       4. Heat Map Analysis
       5. Mergers & Acquisitions
    2. ABB (SWITZERLAND)
       1. Company Overview
       2. Key Executives
       3. Company Snapshot
       4. Role of the Company in the Market
       5. Sustainability and Social Responsibility
       6. Operating Business Segments
       7. Product Portfolio
       8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
       9. Key Strategic Moves And Recent Developments
       10. SWOT Analysis
    3. ALFEN (NETHERLANDS)
    4. BLINK CHARGING (UNITED STATES)
    5. BYD (CHINA)
    6. CHARGEPOINT (UNITED STATES)
    7. DELTA ELECTRONICS (TAIWAN)
    8. EFACEC (PORTUGAL)
    9. ENGIE (FRANCE)
    10. EVBOX (NETHERLANDS)
    11. GREENLOTS (UNITED STATES)
    12. HELIOX (NETHERLANDS)
    13. JIANGSU SFERE ELECTRIC (CHINA)
    14. LEGRAND (FRANCE)
    15. POD POINT (UNITED KINGDOM)
    16. SCHNEIDER ELECTRIC (FRANCE)
    17. SIEMENS (GERMANY)
    18. SIGNET EV (INDIA)
    19. TESLA (UNITED STATES)
    20. TRITIUM (AUSTRALIA)
    21. WEBASTO (GERMANY)
11. GLOBAL EV CHARGING CONNECTOR MARKET BY REGION
    1. OVERVIEW
    2. NORTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Current
       4. Historic And Forecasted Market Size By Voltage
       5. Historic And Forecasted Market Size By Connection
       6. Historic And Forecasted Market Size By Application
       7. Historic And Forecasted Market Size By Country
          1. USA
          2. Canada
          3. Mexico
    3. EASTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Russia
          2. Bulgaria
          3. The Czech Republic
          4. Hungary
          5. Poland
          6. Romania
          7. Rest Of Eastern Europe
    4. WESTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Germany
          2. United Kingdom
          3. France
          4. The Netherlands
          5. Italy
          6. Spain
          7. Rest Of Western Europe
    5. ASIA PACIFIC
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. China
          2. India
          3. Japan
          4. South Korea
          5. Malaysia
          6. Thailand
          7. Vietnam
          8. The Philippines
          9. Australia
          10. New-Zealand
          11. Rest Of APAC
    6. MIDDLE EAST & AFRICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Turkey
          2. Bahrain
          3. Kuwait
          4. Saudi Arabia
          5. Qatar
          6. UAE
          7. Israel
          8. South Africa
    7. SOUTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Brazil
          2. Argentina
          3. Rest of South America
12. INVESTMENT ANALYSIS
13. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. EV CHARGING CONNECTOR MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. EV CHARGING CONNECTOR MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. EV CHARGING CONNECTOR MARKET COMPETITIVE RIVALRY
TABLE 005. EV CHARGING CONNECTOR MARKET THREAT OF NEW ENTRANTS
TABLE 006. EV CHARGING CONNECTOR MARKET THREAT OF SUBSTITUTES
TABLE 007. EV CHARGING CONNECTOR MARKET BY CHARGING TYPE
TABLE 008. LEVEL 1 MARKET OVERVIEW (2016-2028)
TABLE 009. LEVEL 2 MARKET OVERVIEW (2016-2028)
TABLE 010. LEVEL 3 MARKET OVERVIEW (2016-2028)
TABLE 011. EV CHARGING CONNECTOR MARKET BY APPLICATION
TABLE 012. DOMESTIC MARKET OVERVIEW (2016-2028)
TABLE 013. COMMERCIAL MARKET OVERVIEW (2016-2028)
TABLE 014. NORTH AMERICA EV CHARGING CONNECTOR MARKET, BY CHARGING TYPE (2016-2028)
TABLE 015. NORTH AMERICA EV CHARGING CONNECTOR MARKET, BY APPLICATION (2016-2028)
TABLE 016. N EV CHARGING CONNECTOR MARKET, BY COUNTRY (2016-2028)
TABLE 017. EUROPE EV CHARGING CONNECTOR MARKET, BY CHARGING TYPE (2016-2028)
TABLE 018. EUROPE EV CHARGING CONNECTOR MARKET, BY APPLICATION (2016-2028)
TABLE 019. EV CHARGING CONNECTOR MARKET, BY COUNTRY (2016-2028)
TABLE 020. ASIA PACIFIC EV CHARGING CONNECTOR MARKET, BY CHARGING TYPE (2016-2028)
TABLE 021. ASIA PACIFIC EV CHARGING CONNECTOR MARKET, BY APPLICATION (2016-2028)
TABLE 022. EV CHARGING CONNECTOR MARKET, BY COUNTRY (2016-2028)
TABLE 023. MIDDLE EAST & AFRICA EV CHARGING CONNECTOR MARKET, BY CHARGING TYPE (2016-2028)
TABLE 024. MIDDLE EAST & AFRICA EV CHARGING CONNECTOR MARKET, BY APPLICATION (2016-2028)
TABLE 025. EV CHARGING CONNECTOR MARKET, BY COUNTRY (2016-2028)
TABLE 026. SOUTH AMERICA EV CHARGING CONNECTOR MARKET, BY CHARGING TYPE (2016-2028)
TABLE 027. SOUTH AMERICA EV CHARGING CONNECTOR MARKET, BY APPLICATION (2016-2028)
TABLE 028. EV CHARGING CONNECTOR MARKET, BY COUNTRY (2016-2028)
TABLE 029. TE CONNECTIVITY: SNAPSHOT
TABLE 030. TE CONNECTIVITY: BUSINESS PERFORMANCE
TABLE 031. TE CONNECTIVITY: PRODUCT PORTFOLIO
TABLE 032. TE CONNECTIVITY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 032. ROBERT BOSCH GMBH: SNAPSHOT
TABLE 033. ROBERT BOSCH GMBH: BUSINESS PERFORMANCE
TABLE 034. ROBERT BOSCH GMBH: PRODUCT PORTFOLIO
TABLE 035. ROBERT BOSCH GMBH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 035. SIEMENS: SNAPSHOT
TABLE 036. SIEMENS: BUSINESS PERFORMANCE
TABLE 037. SIEMENS: PRODUCT PORTFOLIO
TABLE 038. SIEMENS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 038. TESLA: SNAPSHOT
TABLE 039. TESLA: BUSINESS PERFORMANCE
TABLE 040. TESLA: PRODUCT PORTFOLIO
TABLE 041. TESLA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 041. FUJIKURA LTD.: SNAPSHOT
TABLE 042. FUJIKURA LTD.: BUSINESS PERFORMANCE
TABLE 043. FUJIKURA LTD.: PRODUCT PORTFOLIO
TABLE 044. FUJIKURA LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 044. HUBER+SUHNER: SNAPSHOT
TABLE 045. HUBER+SUHNER: BUSINESS PERFORMANCE
TABLE 046. HUBER+SUHNER: PRODUCT PORTFOLIO
TABLE 047. HUBER+SUHNER: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 047. YAZAKI CORPORATION: SNAPSHOT
TABLE 048. YAZAKI CORPORATION: BUSINESS PERFORMANCE
TABLE 049. YAZAKI CORPORATION: PRODUCT PORTFOLIO
TABLE 050. YAZAKI CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 050. SUMITOMO CORPORATION: SNAPSHOT
TABLE 051. SUMITOMO CORPORATION: BUSINESS PERFORMANCE
TABLE 052. SUMITOMO CORPORATION: PRODUCT PORTFOLIO
TABLE 053. SUMITOMO CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 053. ABB: SNAPSHOT
TABLE 054. ABB: BUSINESS PERFORMANCE
TABLE 055. ABB: PRODUCT PORTFOLIO
TABLE 056. ABB: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 056. SCHNEIDER ELECTRIC: SNAPSHOT
TABLE 057. SCHNEIDER ELECTRIC: BUSINESS PERFORMANCE
TABLE 058. SCHNEIDER ELECTRIC: PRODUCT PORTFOLIO
TABLE 059. SCHNEIDER ELECTRIC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 059. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 060. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 061. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 062. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. EV CHARGING CONNECTOR MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. EV CHARGING CONNECTOR MARKET OVERVIEW BY CHARGING TYPE
FIGURE 012. LEVEL 1 MARKET OVERVIEW (2016-2028)
FIGURE 013. LEVEL 2 MARKET OVERVIEW (2016-2028)
FIGURE 014. LEVEL 3 MARKET OVERVIEW (2016-2028)
FIGURE 015. EV CHARGING CONNECTOR MARKET OVERVIEW BY APPLICATION
FIGURE 016. DOMESTIC MARKET OVERVIEW (2016-2028)
FIGURE 017. COMMERCIAL MARKET OVERVIEW (2016-2028)
FIGURE 018. NORTH AMERICA EV CHARGING CONNECTOR MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 019. EUROPE EV CHARGING CONNECTOR MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 020. ASIA PACIFIC EV CHARGING CONNECTOR MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 021. MIDDLE EAST & AFRICA EV CHARGING CONNECTOR MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 022. SOUTH AMERICA EV CHARGING CONNECTOR MARKET OVERVIEW BY COUNTRY (2016-2028)