Electric Vehicle Connectors Market Will Expand At A Consistent CAGR For By 2024-2031 | Robert Bosch GmbH, HUBER+SUHNER, Schneider Electric

Electric Vehicle Connectors Market Research Report By DataM Intelligence: A comprehensive analysis of current and emerging trends provides clarity on the dynamics of the Electric Vehicle Connectors market. The report employs Porter's Five Forces model to assess key factors such as the influence of suppliers and customers, risks posed by different entities, competitive intensity, and the potential of emerging entrepreneurs, offering valuable insights. Additionally, the report presents research data from various companies, including their benefits, gross margins, and strategic decisions in the global market, all conveyed through tables, charts, and infographics.

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What is the projected growth rate (CAGR) of the Global Electric Vehicle Connectors market from 2024 to 2031, and what is the market value expected to change by 2031?

Global Electric Vehicle Connectors Market reached US$ 87.2 million in 2022 and is expected to reach US$ 196.9 million by 2031, growing with a CAGR of 16.5 % during the forecast period 2024-2031.

What is Electric Vehicle Connectors Market?

The electric vehicle (EV) connectors market focuses on the design, production, and deployment of connectors that facilitate the charging of electric vehicles. These connectors, which physically link the EV to charging infrastructure, play a crucial role in the overall charging experience, ensuring efficiency, safety, and compatibility between the vehicle and the charging station.

Growth Driver

The expansion of charging infrastructure and advancements in fast-charging technologies are key drivers for the electric vehicle connectors market. Increasing investments by governments and private entities in EV charging networks and high-power connectors are boosting market demand globally.

Key Players:

Profiles of some of the major players in the global Electric Vehicle Connectors market, which include

Robert Bosch GmbH, HUBER+SUHNER, Schneider Electric, TE Connectivity Ltd, Siemens AG, Amphenol Corporation, Sumitomo Corporation, Tesla, Fujikura Ltd. and Yazaki Group.

Industry Development:

On June 13, 2023, Enel X Way, a North American manufacturer, launched connectors supporting the North American Charging Standard (NACS) for its level 2 and level 3 chargers. Later, on June 27, 2023, SAE International announced the standardization of Tesla's NACS connectors, enabling any manufacturer to utilize charging stations across North America.

The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Electric Vehicle Connectors market.

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Market Segments:

The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.

By Charging Level: Level 1, Level 2, Level 3

By Charging Speed: Slow, Fast

By End-User: Public, Private

Regional Break out:

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Rest of South America

☞ Middle East and Africa

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