EV Connector Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

EV connectors are needed in charging of various types of electric vehicles. EV connectors are widely used for residential EV battery charging as well as at electric vehicle charging stations. These connectors are able to serve various charging power supplies with respective charging time. Considering increasing number of electric vehicles, demand for EV connector is expected to grow significantly in coming year across the world.

MARKET SCOPE

The "Global EV Connector Market Analysis to 2031" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the EV connector market with detailed market segmentation by type, charging type, application, and geography. The report provides key statistics on the market status of the leading EV connector market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on type, the global EV connector market is segmented into Type 1, Type 2 and Type 3.
  
•   On the basis of charging type, the market is segmented into ac charging, dc charging and inductive charging.
  
•   Based on application, the market is bifurcated into residential charging and commercial charging.
  

MARKET DYNAMICS

Drivers:

•   Increasing count of electric vehicles in many developing countries.
  
•   Rising urbanization and increasing per capita disposable income to boost market growth of EV connector.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The EV connector market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the EV connector market in these regions.

IMPACT OF COVID-19 ON EV CONNECTOR MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. This pandemic restricted movement of people from one place to another. Also, buying capacity of consumer reduced to considerable extent because of job loss and salary cuts. This directly hampered the demand for electric vehicles and thus EV connector all over the world.

MARKET PLAYERS

The report covers key developments in the EV connector market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from EV connector market are anticipated to lucrative growth opportunities in the future with the rising demand for EV connector in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the EV connector market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   ABB
  
•   Amphenol Tuchel Industrial GmbH
  
•   Bosch Automotive Service Solutions Inc
  
•   Fujikura Ltd.
  
•   HUBER+SUHNER
  
•   ITT Inc.
  
•   Schneider Electric
  
•   TE Connectivity
  
•   Tesla
  
•   Yazaki
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

EV Connector Report Scope