Market Overview:
The global electric vehicle connector market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market is segmented by type, application and region. By type, the CHAdeMO connector accounts for the majority share of the market and is expected to grow at a CAGR of 11.1% during the forecast period from 2018 to 2030. The Combo connector is expected to be the fastest growing segment with a CAGR of 12% during the same period owing to its high adoption in Europe and North America regions.
Product Definition:
An electric vehicle connector is a device that allows two electrical systems to connect. This allows for the transfer of power and information between the two systems. Electric vehicle connectors are important because they allow vehicles to connect to charging stations, as well as other vehicles and devices.
CHAdeMO:
CHAdeMO, an electricity-driven vehicle connector standard, was initially developed by Nissan for its LEAF and has been adopted by many other electric car manufacturers such as Mitsubishi Motors, BMW Group and General Motor. The growing adoption of electric vehicles is expected to drive the CHAdeMO usage in EV connectors market over the forecast period.
Combo:
Combo is an integrated solution that consists of two or more parts connected by electrical connectors. It helps in providing power to the electric vehicle from the battery and charging it when needed. The Combo system has become a standard feature in all electric vehicles as it provides benefits such as ease of use, improved safety, and convenience.
The global EV connector market size was valued at USD 1,849.7 million in 2018.
Application Insights:
The heavy vehicle segment dominated the global electric vehicle connector market in terms of revenue share in 2017. The growth can be attributed to the growing demand for Electric Vehicles (EV) from countries, such as China, Japan and Germany. These markets are also expected to witness significant growth owing to supportive government policies and initiatives. For instance, in July 2017, the Government of India announced a plan for providing subsidies up to USD 15 thousand toward the purchase of an electric car under ¢â‚¬Å“Make In India¢â‚¬ policy.
The passenger car segment is expected register a CAGR exceeding 12% from 2018 to 2030 owing to increasing sales volumes across various regions including Asia Pacific and North America. Prominent manufacturers including Tesla have been focusing on expanding their presence across key markets globally which is further anticipated fuel demand over next few years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of key electric vehicle manufacturers such as Tesla, Panasonic, Samsung SDI, and Nidec Corporation has resulted in high product adoption across Asia Pacific countries. China is anticipated to be a major contributor towards regional growth owing to increasing investments by domestic companies along with favorable government policies regarding electric vehicles. For instance, Chinese Government announced plans for phasing out fossil fuel-powered cars by 2030; an initiative which is likely to boost EV sales across the country significantly over next few years.
North America accounted for more than 20% of global revenue share in 2017 due to growing demand from U.S.
Growth Factors:
- Increasing demand for electric vehicles: The global electric vehicle market is expected to grow at a CAGR of more than 28% from 2016 to 2020, according to a MarketsandMarkets research study. This growth can be attributed to the increasing demand for environment-friendly and fuel-efficient vehicles.
- Government initiatives and subsidies: Governments across the globe are promoting the adoption of electric vehicles through various initiatives and subsidies. For instance, in China, the government offers a subsidy of up to ,800 on each electric vehicle purchase.
- Development of charging infrastructure: The development of charging infrastructure is crucial for the growth of the electric vehicle market as it enables easy charging access for drivers. According to estimates by Bloomberg New Energy Finance (BNEF), cumulative investment in charging infrastructure will reach 0 billion by 2040 globally .
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Vehicle Connector Market Research Report
By Type
CHAdeMO, Combo, Tesla, Mennekes, CEE
By Application
Passenger Car, Light Vehicle, Heavy Vehicle, Others
By Companies
ITT Cannon, SCAME PARRE S.p.A., Fujikura Europe Ltd, REMA Shanghai, ITT, Hu Lane, Ablerex, ITT Cannon
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
148
Number of Tables & Figures
104
Customization Available
Yes, the report can be customized as per your need.
Global Electric Vehicle Connector Market Report Segments:
The global Electric Vehicle Connector market is segmented on the basis of:
Types
CHAdeMO, Combo, Tesla, Mennekes, CEE
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Car, Light Vehicle, Heavy Vehicle, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ITT Cannon
- SCAME PARRE S.p.A.
- Fujikura Europe Ltd
- REMA Shanghai
- ITT
- Hu Lane
- Ablerex
- ITT Cannon
Highlights of The Electric Vehicle Connector Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- CHAdeMO
- Combo
- Tesla
- Mennekes
- CEE
- By Application:
- Passenger Car
- Light Vehicle
- Heavy Vehicle
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electric Vehicle Connector Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An electric vehicle connector is a device that allows an electric vehicle to be plugged into the electrical system of a standard car. This can allow the car to be charged up using electricity from the grid, or it can allow the car to be driven using electricity from the battery.
Some of the major companies in the electric vehicle connector market are ITT Cannon, SCAME PARRE S.p.A., Fujikura Europe Ltd, REMA Shanghai, ITT, Hu Lane, Ablerex, ITT Cannon.
The electric vehicle connector market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric Vehicle Connector Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Electric Vehicle Connector Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Electric Vehicle Connector Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Electric Vehicle Connector Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Electric Vehicle Connector Market Size & Forecast, 2020-2028 4.5.1 Electric Vehicle Connector Market Size and Y-o-Y Growth 4.5.2 Electric Vehicle Connector Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 CHAdeMO
5.2.2 Combo
5.2.3 Tesla
5.2.4 Mennekes
5.2.5 CEE
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Passenger Car
6.2.2 Light Vehicle
6.2.3 Heavy Vehicle
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Vehicle Connector Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electric Vehicle Connector Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 CHAdeMO
9.6.2 Combo
9.6.3 Tesla
9.6.4 Mennekes
9.6.5 CEE
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Passenger Car
9.10.2 Light Vehicle
9.10.3 Heavy Vehicle
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 CHAdeMO
10.6.2 Combo
10.6.3 Tesla
10.6.4 Mennekes
10.6.5 CEE
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Passenger Car
10.10.2 Light Vehicle
10.10.3 Heavy Vehicle
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 CHAdeMO
11.6.2 Combo
11.6.3 Tesla
11.6.4 Mennekes
11.6.5 CEE
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Passenger Car
11.10.2 Light Vehicle
11.10.3 Heavy Vehicle
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 CHAdeMO
12.6.2 Combo
12.6.3 Tesla
12.6.4 Mennekes
12.6.5 CEE
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Passenger Car
12.10.2 Light Vehicle
12.10.3 Heavy Vehicle
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 CHAdeMO
13.6.2 Combo
13.6.3 Tesla
13.6.4 Mennekes
13.6.5 CEE
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Passenger Car
13.10.2 Light Vehicle
13.10.3 Heavy Vehicle
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electric Vehicle Connector Market: Competitive Dashboard
14.2 Global Electric Vehicle Connector Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ITT Cannon
14.3.2 SCAME PARRE S.p.A.
14.3.3 Fujikura Europe Ltd
14.3.4 REMA Shanghai
14.3.5 ITT
14.3.6 Hu Lane
14.3.7 Ablerex
14.3.8 ITT Cannon