Market Overview:
The global electric vehicle contactors market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electric vehicles across the globe, coupled with the rising awareness about their benefits over traditional vehicles. In addition, government initiatives and regulations supporting the adoption of electric vehicles are also contributing to the growth of this market. The global electric vehicle contactors market is segmented on the basis of type, application and region. On the basis of type, it is divided into ceramic sealed, epoxy sealed and others (including hermetically sealed). The passenger car segment accounts for majority share in terms of application in this market followed by commercial vehicle segment.
Product Definition:
Electric Vehicle Contactors are electromechanical devices that allow current to flow through a circuit when a switch is closed. They are often used in electric vehicles to control the power flow from the battery to the motors. The importance of Electric Vehicle Contactors is that they allow for more efficient and safer operation of electric vehicles.
Ceramic Sealed:
Ceramic Sealed technology is used in electric vehicle contactors to provide a low resistance path for current flow. The technology has been around for more than two decades and has gained significant traction over the past decade owing to its ability to reduce power loss in electric vehicles.
The global market size was valued at USD 1,078 million in 2016 and is expected to grow at a CAGR of XX% from 2017 - 2022.
Epoxy Sealed:
Epoxy sealed contactors are used in electric vehicle charging stations. They are a type of switching power supply that regulates the flow of high voltage electricity from an electric car to its accessories such as battery, motor and others. The product is manufactured using epoxy resin which is a highly cross-linking polymer that sets quickly at room temperature when exposed to moisture or air thus making it electrically insulating.
Application Insights:
The passenger car segment dominated the global electric vehicle contactors market in 2017 and is expected to maintain its dominance over the forecast period. The growing demand for passenger cars due to rising income levels and improved lifestyle is anticipated to be a major factor driving the growth of this segment. In addition, increasing production capacities in key markets including China, Japan and South Korea are expected to drive product demand for use in commercial vehicles over the forecast period.
Commercial vehicles are projected to witness significant growth over the forecast period owing to increased government funding & incentives related programs such as Low-Emission Vehicle (LEV) credits from states & federal agencies along with supportive regulations on charging infrastructure development by regional governments across all major regions globally.
Regional Analysis:
Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period. The region accounted for a share of more than 60% in 2017 owing to increasing sales of electric vehicles in China and Japan. In addition, favorable government policies such as tax incentives on EVs are projected to propel regional demand over the next eight years.
Europe was estimated at USD X million in 2017 and is anticipated expand at a CAGR of XX% from 2018 till 2030 due high consumption volumes sold across major countries including Germany, France, Italy and U.K.
Growth Factors:
- Increasing demand for electric vehicles from the automotive sector
- Rising concerns over environmental pollution and climate change, which is driving the demand for electric vehicles
- Government initiatives and subsidies to promote the use of electric vehicles
- Development of advanced technologies that improve the performance of electric vehicle contactors
- Growing awareness about the benefits of using electric vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Vehicle Contactors Market Research Report
By Type
Ceramic Sealed, Epoxy Sealed, Others
By Application
Passenger Car, Commercial Vehicle
By Companies
Panasonic, TE Connectivity, Denso, Hongfa, BYD, Gigavac, Kunshan Guoli, Shanghai CII Electronics, Fujitsu, Sanyou, Panasonic, LS ELECTRIC, Gruner, American Zettler
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 Contactors Market Report Segments:
The global Electric Vehicle Contactors market is segmented on the basis of:
Types
Ceramic Sealed, Epoxy Sealed, Others
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, Commercial Vehicle
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:
- Panasonic
- TE Connectivity
- Denso
- Hongfa
- BYD
- Gigavac
- Kunshan Guoli
- Shanghai CII Electronics
- Fujitsu
- Sanyou
- Panasonic
- LS ELECTRIC
- Gruner
- American Zettler
Highlights of The Electric Vehicle Contactors 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:
- Ceramic Sealed
- Epoxy Sealed
- Others
- By Application:
- Passenger Car
- Commercial Vehicle
- 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 Contactors 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Electric Vehicle Contactors are devices that allow electric vehicles to connect with the power grid. They help to reduce emissions by allowing electric vehicles to recharge while they are parked.
Some of the major players in the electric vehicle contactors market are Panasonic, TE Connectivity, Denso, Hongfa, BYD, Gigavac, Kunshan Guoli, Shanghai CII Electronics, Fujitsu, Sanyou, Panasonic, LS ELECTRIC, Gruner, American Zettler.
The electric vehicle contactors market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric Vehicle Contactors 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 Contactors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Vehicle Contactors 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 Contactors 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 Contactors Market Size & Forecast, 2018-2028
4.5.1 Electric Vehicle Contactors Market Size and Y-o-Y Growth
4.5.2 Electric Vehicle Contactors Market Absolute $ Opportunity
Chapter 5 Global Electric Vehicle Contactors 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 Electric Vehicle Contactors Market Size Forecast by Type
5.2.1 Ceramic Sealed
5.2.2 Epoxy Sealed
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electric Vehicle Contactors 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 Electric Vehicle Contactors Market Size Forecast by Applications
6.2.1 Passenger Car
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Vehicle Contactors 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 Contactors 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 Electric Vehicle Contactors Analysis and Forecast
9.1 Introduction
9.2 North America Electric Vehicle Contactors 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 Electric Vehicle Contactors Market Size Forecast by Type
9.6.1 Ceramic Sealed
9.6.2 Epoxy Sealed
9.6.3 Others
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 Electric Vehicle Contactors Market Size Forecast by Applications
9.10.1 Passenger Car
9.10.2 Commercial Vehicle
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 Electric Vehicle Contactors Analysis and Forecast
10.1 Introduction
10.2 Europe Electric Vehicle Contactors 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 Electric Vehicle Contactors Market Size Forecast by Type
10.6.1 Ceramic Sealed
10.6.2 Epoxy Sealed
10.6.3 Others
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 Electric Vehicle Contactors Market Size Forecast by Applications
10.10.1 Passenger Car
10.10.2 Commercial Vehicle
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 Electric Vehicle Contactors Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electric Vehicle Contactors 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 Electric Vehicle Contactors Market Size Forecast by Type
11.6.1 Ceramic Sealed
11.6.2 Epoxy Sealed
11.6.3 Others
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 Electric Vehicle Contactors Market Size Forecast by Applications
11.10.1 Passenger Car
11.10.2 Commercial Vehicle
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 Electric Vehicle Contactors Analysis and Forecast
12.1 Introduction
12.2 Latin America Electric Vehicle Contactors 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 Electric Vehicle Contactors Market Size Forecast by Type
12.6.1 Ceramic Sealed
12.6.2 Epoxy Sealed
12.6.3 Others
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 Electric Vehicle Contactors Market Size Forecast by Applications
12.10.1 Passenger Car
12.10.2 Commercial Vehicle
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) Electric Vehicle Contactors Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electric Vehicle Contactors 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) Electric Vehicle Contactors Market Size Forecast by Type
13.6.1 Ceramic Sealed
13.6.2 Epoxy Sealed
13.6.3 Others
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) Electric Vehicle Contactors Market Size Forecast by Applications
13.10.1 Passenger Car
13.10.2 Commercial Vehicle
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 Contactors Market: Competitive Dashboard
14.2 Global Electric Vehicle Contactors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Panasonic
14.3.2 TE Connectivity
14.3.3 Denso
14.3.4 Hongfa
14.3.5 BYD
14.3.6 Gigavac
14.3.7 Kunshan Guoli
14.3.8 Shanghai CII Electronics
14.3.9 Fujitsu
14.3.10 Sanyou
14.3.11 Panasonic
14.3.12 LS ELECTRIC
14.3.13 Gruner
14.3.14 American Zettler
