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. The pandemic has
led to uncertainties across almost every industry, but experts expect the
electric vehicle manufacturers to benefit from the intense efforts being given
by the government to revive the EV sales. 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. Industry players also offer a widespread product
range and adopt various hacks like product innovation, agreements and
collaborations to solidify their market position. 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.
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Market 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.
·
The power supply ranges covered in the market study
include 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), as well as level 4 (>DC 600 V, Above 240
kW).
·
The segmentation with respect to current supply
charging are AC charging as well as DC charging.
·
The charging station-based market segments are floor
mounted and wall mounted.
·
Charging speed-wise market dissection includes fast,
rapid and slow charger.
·
The components covered are pins, adaptor, leads,
wallbox, and others.
·
Vehicle types that use connectors are plug-in EV,
hybrid EV and battery EV.
·
The primary applications of electric vehicle
connectors are residential as well as commercial.
Regional Study
MRFR analysts find it highly conceivable that APAC can reach
the top spot in the global market, thanks to the spike in the demand for EV
connectors in line with the growth of the electric automotive sector. The
increasing number of electric vehicle charging stations also favors the
electric vehicle connector market in the region.
The government in North America is actively focused on
prompting the use of electric vehicles, armed with strict policies and
regulations. These measures being undertaken are proving to be quite favorable
for the electric vehicle infrastructure as well as electric vehicle connector
market in the region.
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DETAILS – https://www.marketresearchfuture.com/reports/electric-vehicle-connector-market-7222
TABLE OF CONTENTS:
1.
Market Introduction
2.
Research Methodology
3.
Market Dynamics
4.
Executive Summary
5.
Market Factor Analysis
6.
Electric Vehicle Connector Market, By Segments
7.
Competitive Analysis
Continued…
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