Press release
Impact Of Electric Vehicle Adoption On The EV Connectors Market: Key Factor Driving The Growth In The Electric Vehicle (EV) Connectors Market
Electric Vehicle (EV) Connectors Market
What Is the Expected Electric Vehicle (EV) Connectors Market Size During the Forecast Period?
The electric vehicle (EV) connectors market has surged significantly in recent years. It is expected to rise from $1.84 billion in 2024 to $2.3 billion in 2025, at a CAGR of 25.4%. This growth can be credited to government initiatives, environmental sustainability efforts, progress in battery and autonomous vehicle technologies, and a growing focus on energy-efficient transportation.
The electric vehicle (EV) connectors market size is expected to witness exponential growth in the next few years. It is projected to reach $5.63 billion by 2029 at a compound annual growth rate (CAGR) of 25.0%. Growth drivers include the increased adoption of vehicle safety systems, improvements in in-car connectivity and infotainment, greater infrastructure investment, and rising demand for electric buses and trucks. Major trends will include wireless EV charging, smart connector networks, universal interface standards, V2X communication, and advancements in material engineering.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=16410
What Are the High-Growth Segments in the Electric Vehicle (EV) Connectors Market?
The electric vehicle (EV) connectors market covered in this report is segmented -
1) By Component: Housing, Terminal, Lock, Other Components
2) By Voltage: Medium Voltage, Low Voltage, High Voltage
3) By System Type: Unsealed Connector System, Sealed Connector System
4) By Propulsion: Plug-In Hybrid Electric Vehicle (PHEV), Fuel Cell Electric Vehicle (FCEV), Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV)
5) By Application: Body Control And Interiors, Battery Management System, Infotainment System, Engine Management And Powertrain, Advanced Driver-Assistance Systems (ADAS) And Safety System, Vehicle Lighting (Interior And Exterior)
Subsegments:
1) By Housing: Plastic Housing, Metal Housing
2) By Terminal: Pin Terminals, Socket Terminals
3) By Lock: Manual Locking Connectors, Automatic Locking Connectors
4) By Other Components: Seals And Gaskets, Contact Springs, Insulating Materials
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=16410&type=smp
What Key Drivers Are Expected to Influence Future Electric Vehicle (EV) Connectors Market Growth?
The rising adoption of electric vehicles is expected to drive the growth of the electric vehicle (EV) connectors market. EV connectors allow the connection between an EV's charging system and an external charging station. The growth of EV adoption, driven by environmental concerns and government incentives, is increasing the demand for EV connectors. For example, Cox Automotive reported that EV sales in the U.S. increased by 46% in 2023 compared to 2022, driving a 22% increase in the number of charging stations. The growth of electric vehicles is directly contributing to the expansion of the EV connectors market.
Which Companies Hold the Largest Share Across Different Electric Vehicle (EV) Connectors Market Segments?
Major companies operating in the electric vehicle (EV) connectors market are Robert Bosch GmbH, Tesla Inc., Siemens AG, Sumitomo Electric Industries Ltd., Schneider Electric, ABB Ltd., Avnet Inc., Aptiv plc, KYOCERA Corporation, TE Connectivity Ltd., Molex LLC, Yazaki Corporation, Amphenol Corporation, Fujikura Ltd., Belden Inc., Huber+Suhner, Rosenberger Hochfrequenztechnik GmbH & Co. KG, Delphi Technologies, Yamaichi Electronics Co. Ltd., Positronic, Shenglan Technology Co. Ltd., ODU Automotive GmbH
What Are the Major Trends Shaping the Electric Vehicle (EV) Connectors Market?
Leading enterprises in the E.V. connectors industry are pioneering advanced technologies such as liquid cooling technology, with the aim of improving the usefulness and competency of E.V. connectors. This technology functions by utilizing a liquid coolant to cool electronic parts like E.V. connectors as it flows through a network of pipes or channels. For example, in August 2023, innovative solutions provider Boyd Corporation, based in the U.S., in conjunction with connector solutions firm E-valucon, also U.S.-based, engineered a liquid-to-air cooling system for DCFC cables and connectors to foster safer and more environmentally-friendly charging. This cooling technology applies eco-friendly coolants to tackle the notable thermal difficulties that come with speedy, high-power charging in confined spaces, thus reducing safety risks. The objective of this solution is to satisfy market requirements for quicker charging cycles and compact infrastructure, and to aid the introduction of publicly accessible E.V. charging stations in the U.S., in line with the NEVI Formula Program.
Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/electric-vehicle-ev-connectors-global-market-report
What Are the Emerging Geographies for The Electric Vehicle (EV) Connectors Market Growth?
Asia-Pacific was the largest region in the electric vehicle (EV) connectors market in 2023. The regions covered in the electric vehicle (EV) connectors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Electric Vehicle (EV) Connectors Market?
2. What is the CAGR expected in the Electric Vehicle (EV) Connectors Market?
3. What Are the Key Innovations Transforming the Electric Vehicle (EV) Connectors Industry?
4. Which Region Is Leading the Electric Vehicle (EV) Connectors Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Impact Of Electric Vehicle Adoption On The EV Connectors Market: Key Factor Driving The Growth In The Electric Vehicle (EV) Connectors Market here
News-ID: 4037009 • Views: …
More Releases from The Business Research Company
2025-2034 Inkjet Coder Market Evolution: Disruptions, Innovations, and Untapped …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Inkjet Coder Market Through 2025?
Strong growth has been witnessed in recent years in the inkjet coder market. It is projected that this market will expand from $2.11 billion in 2024 to $2.27 billion in 2025, experiencing a compound annual growth rate…
Global Industrial Cooking Fire Protection Systems For Food Manufacturing Market …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Industrial Cooking Fire Protection Systems For Food Manufacturing Industry Market Size Be by 2025?
Over the past few years, the market size for industrial cooking fire protection systems used in food manufacturing has seen a consistent growth. It is projected that the market value will grow…
High Speed Engine Market Trends That Will Shape the Next Decade: Insights from I …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the High Speed Engine Market Size By 2025?
The market for high speed engines has seen considerable growth in the last few years. The market which is valued at $24.17 billion in 2024 is predicted to reach $25.58 billion in 2025, experiencing a Compound Annual Growth…
Industrial Sector Growth Fuels Expansion Of Evaporative Cooling Market: The Driv …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Evaporative Cooling Market Size Growth Forecast: What to Expect by 2025?
The market size for evaporative cooling has seen a robust growth in recent times. The outlook predicts an escalation from $6.41 billion in 2024 to $6.8 billion in 2025, with a compound annual growth rate (CAGR) of 6.0%.…
More Releases for Electric
Electrical Isolators Market 2023: Mitsubishi Electric, Orient Electric, Schneide …
The Electrical Isolators Market size (volume and value) and industry chain structure published by The Insight Partners through its high quality database which is a valuable source of guidance and direction for companies and individual interested in the industry.
An electrical isolator is a material in which electric current does not flow freely. The atoms of the insulator have tightly bound electrons which cannot readily move. Other materials, semiconductors and conductors…
Electric Motors for Electric Vehicle Market by Manufacturers: Hitachi Automotive …
Electric Motors for Electric Vehicle Market research report analyzes and studies the Electric Motors for Electric Vehicle Market's production, value, financial status, and capacity. It also provides information about market share and development plans during the projected period. Moreover, the Electric Motors for Electric Vehicle Market research report provides data about key manufacturers and focuses on the market competition landscape by analyzing the market by application, product type, and region.
Click…
Thermal Overload Relay Market 2021 Precise Outlook - ABB, Schneider Electric, Ea …
Global Thermal Overload Relay Market Size, Status and Forecast 2021
The Global Thermal Overload Relay Market report offers in-depth information and comprehensive analysis of the market. It provides a complete overview of the market with detailed insights on key aspects including the current market situation, potential size, volume, and dynamics of the market. This research report makes a thorough assessment of the COVID-19 pandemic and its impact on the current market…
Global Electric Motors for Electric Vehicles Market 2025 | MAHLE GmbH, Protean E …
Researchmoz added Most up-to-date research on "Global Electric Motors for Electric Vehicles Market Insights, Forecast to 2025" to its huge collection of research reports.
This report presents the worldwide Electric Motors for Electric Vehicles market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities…
Yokogawa Electric, General Electric Profiled in Smart Factory Solutions Market 2 …
Global Smart Factory Solutions Market which focuses on effective strategies of the business framework. It highlights the recent market trends stringent energy regulations and growing pressure to conform to energy efficiency. The research methods and tools used to analyze the studies are both primary and secondary research.
This market research report on analyzes the growth prospects for the key vendors operating in this market space including Siemens, ABB, Honeywell International, Yokogawa…
Global Quartz Heat Lamps Market 2017 : Indu Electric Gerber, Schneider Electric, …
The Market Research Store report offers majority of the latest and newest industry data that covers the overall market situation along with future prospects for Quartz Heat Lamps market around the globe. The research study includes significant data and also forecasts of the global market which makes the research report a helpful resource for marketing people, analysts, industry executives, consultants, sales and product managers, and other people who are in…
