EV Connectors Market Worth $98 Million by 2025 - Exclusive Report by MarketsandMarkets™

EV Connectors Market Worth $98 Million by 2025 - Exclusive Report by MarketsandMarkets™

PR Newswire

CHICAGO, December 19, 2018

CHICAGO, December 19, 2018 /PRNewswire/ --

According to the new market research report "EV Connectors Market by Type (Type1, CCS, Chademo, GB/T, Tesla), Charging level (Level 1 to Level 4), Charging Speed (Slow, Fast), Voltage (AC, DC), End User (Residential, Commercial), Mounted type, Cable, Component, and Region - Global Forecast to 2025", published by MarketsandMarkets™, the market is projected to grow at a CAGR of 18.44% from USD 30 million in 2018 to reach USD 98 million by 2025, The major factors behind the growth of the EV Connectors Market are increase in sales of EVs and demand for EV charging points, which, in turn, are driving the EV Connectors Market. EV connectors act as an EV coupler with charging pole of the station required for power transmission. The connectors help establish the connection of the battery of an EV with the charging point of the station. The different EV connectors offer charging capabilities at varying current and power, thereby improving efficiency.

     (Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg )

Get 10% Free Customization on this Report:  

https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=65630242

Browse in-depth TOC on "EV Connectors Market"

86 - Tables  

66 - Figures  

173 - Pages  

By Type Segment: Increased demand for fast EV charging points is expected to drive the EV Connectors Market 

The GB/T is the largest of all type of charging points followed by type 1 charging points in the EV Connectors Market and is expected to witness significant growth during the forecast period. The market growth of EV connectors can be attributed to factors such as shift in demand from AC charging points to DC fast charging points, which would charge EVs rapidly. The by type segment is the most promising market for EV connectors as it has huge demand and is expected to drive the future EV Connectors Market too.  

By Level Type Segment: Level 3 is expected to dominate the EV Connectors Market 

The charging level depends on the power output of the charging station and the corresponding time required to charge the EV. DC Level 3 requires significant infrastructure and service upgrades and consequently is the most expensive to install as compared to the other two levels. Level 3 EV connectors are predominantly used in the global EV Connectors Market. This type of charger has the ability to charge the vehicle from fully drained to 80% in less than 10 minutes. The level 3 EV connectors are appropriate for fast charging and fall in the range from 200 V to 600 V with a typical 45 kW off-board charger. With the rise in demand from AC charging to DC charging, the market for Level 3 EV connectors would rise.  

Asia Pacific: China is expected to lead the Asia Pacific region    

The Asia Pacific region is estimated to be the largest EV Connectors Market in 2018. The region comprises some of the fastest developing economies of the world such as China and India. The Asia Pacific region is the largest market for EVs because of government support in the form of grants, subsidies, and tax rebates and continuous improvement of charging infrastructure in countries such as Japan and China. Thus, the EV charging infrastructure would rise and drive the market for EV connectors. Continuously improving charging infrastructure and increasing vehicle range are the major factors which have contributed to Asia Pacific being the fastest growing market. Additionally, the alarming pollution levels in economies such as Japan and China have fueled the demand for zero emission vehicles, thereby creating a huge demand for EVs and EV charging points in these countries.

Inquiry Before Buying: 

https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=65630242

The major EV Connectors Market players include Yazaki (Japan), TE Connectivity (Switzerland), Sumitomo (Japan), Schneider Electric (France), HUBER+SUHNER (Switzerland), Tesla (US), Bosch (Germany), ITT (US), Amphenol (US), Siemens AG (Germany), ABB (Switzerland), and Fujikura (Japan).

About MarketsandMarkets™  

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com

Research Insight: https://www.marketsandmarkets.com/ResearchInsight/ev-connectors-market.asp

Visit Our Website: https://www.marketsandmarkets.com

Voltar noticias em Inglês