Global EV Connectors Market By Type, By Application, By Geographic Scope And Forecast

EV Connectors Market Insights

EV Connectors Market size was valued at USD 39.67 Million in 2021 and is projected to reach USD 171.8 Million by 2030, growing at a CAGR of 17.69% from 2023 to 2030.

The increasing popularity of electric and hybrid electric vehicles has led to a surge in the demand for electrical vehicle connectors. These connectors cater to both domestic vehicle charging applications and industrial installations. The market offers a range of EV connectors, including EV Type 1, EV Type 2, CCS, and HEV UPC connections. Users can find different models and types of connectors with varying configurations and technical characteristics, as standardization in the EV Connectors Market is currently lacking.

Electric vehicle charging stations, also known as Electric Vehicle Supply Equipment (EVSE), are devices used for charging plug-in electric vehicles such as hybrids, electric cars, and other EVs. These charging stations function through a software application, an energy controller, a network at the operation center, a facility meter, and an energy conversion system connected to the power grid. The charging units offer different levels of charging capability. Level 1 charging stations utilize standard household outlets, while level 2 stations are compatible with all-electric vehicles and come with a wire that plugs directly into the vehicle. Level 3 stations, also known as DC quick chargers, provide rapid charging for vehicles.

The Global EV Connectors Market is Segmented on the basis of Type, Application, and Geography.

Key Players

The “Global EV Connectors Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Yazaki, TE Connectivity, Sumitomo, Schneider Electric, Huber+Suhner, Tesla, Bosch, ITT, Amphenol, Siemens AG, And ABB.