Press release
U.S. Electric Vehicle (EV) Connectors Market to Reach USD 56.32 Million by 2032, Led by Innovators Amphenol, ITT Cannon, Phoenix Contact, and TE Connectivity
Electric Vehicle (EV) Connectors
The market is strategically positioned at the center of EV infrastructure growth, driven by rapid expansion of public and residential charging networks, increasing adoption of EVs, and the need for high-performance, reliable connectors. The U.S. leads in advanced charging standards-particularly with the rise of high-voltage and fast-charging systems-and is pushing widespread adoption through favorable policies and infrastructure investments to support next-generation mobility.
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The Electric Vehicle (EV) Connectors Market covers charging interfaces and conductive components that enable safe, efficient power transfer between EVs and charging stations, driven by rapid EV adoption and expansion of charging infrastructure.
Key Developments
United States
✅ June 2025: TE Connectivity introduced its next-generation X-Grid high-voltage EV connector platform (800-1200V) to support modular battery pack architectures in U.S. EV manufacturing.
✅ May 2025: Amphenol expanded its U.S. EV connector portfolio with hybrid high-voltage/power-signal connector systems designed for improved thermal stability in fast-charging applications.
✅ February 2025: U.S. EV charging infrastructure providers began adopting upgraded liquid-cooled high-power connectors (HPCs) to support 400 kW+ public charging stations, accelerating ultra-fast-charging rollout across major interstate corridors.
Japan
✅ June 2025: Yazaki Corporation expanded its domestic production capacity for high-voltage EV connectors and cable assemblies to support rising EV manufacturing demand in Japan.
✅ April 2025: Japanese automotive suppliers released compact high-density battery-to-inverter connectors optimized for lightweight EV platforms and improved thermal performance.
✅ February 2025: Japan's leading EV component manufacturers introduced enhanced insulation-resistant HV connectors for next-generation hybrid and battery-electric vehicles, targeting improved safety and miniaturization.
Mergers & Acquisitions
United States
✅ March 2025: A leading U.S. EV interconnect manufacturer initiated a strategic expansion program focused on next-generation 1200V connector technologies through technology licensing and partner integration.
Key Players:
Robert Bosch GmbH | HUBER+SUHNER | Schneider Electric | TE Connectivity Ltd | Siemens AG | Amphenol Corporation | Sumitomo Corporation | Tesla | Fujikura Ltd | Yazaki Group
Key Highlights :
• Robert Bosch GmbH - Generated EUR 91.6 billion in 2024 revenue, supported by strong demand across its mobility, industrial technology, and energy solutions divisions, including advanced automotive electrical systems.
• HUBER+SUHNER - Reported CHF 814.8 million in 2024 revenue, driven by growing adoption of high-performance connectivity solutions across communications, transportation, and industrial markets.
• Schneider Electric - Achieved EUR 36.0 billion in 2024 revenue, with continued growth in electrification, automation, and energy management technologies globally.
• TE Connectivity Ltd - Recorded USD 16.1 billion in FY 2024 revenue, supported by strong performance in automotive connectors, sensors, and industrial connectivity systems.
• Siemens AG - Reported EUR 77.2 billion in 2024 revenue, fueled by advancements in smart infrastructure, industrial automation, and electrification solutions.
• Amphenol Corporation - Achieved USD 13.3 billion in 2024 revenue, driven by demand for interconnect products across automotive, industrial, IT, and broadband markets.
• Sumitomo Corporation - A diversified global conglomerate with JPY 6.79 trillion in 2024 revenue, with continued investments in automotive components, electrical systems, and advanced materials.
• Tesla - Reported USD 96.7 billion in 2024 revenue, driven by strong EV sales, energy storage expansion, and advancements in high-voltage electrical architecture.
• Fujikura Ltd - Generated JPY 695.6 billion in 2024 revenue, supported by its automotive wire harnesses, advanced cabling, and electronic component business segments.
• Yazaki Group - A leading global automotive wiring and electrical component manufacturer; privately held, with estimated multi-billion-dollar annual revenue, maintaining strong OEM partnerships across Asia, Europe, and North America.
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Market Drivers & Growth
- Rapid global expansion of electric vehicle adoption is increasing demand for reliable, high-performance charging connectors.
- Government policies promoting clean mobility and large-scale investments in charging infrastructure are accelerating market growth.
- Rising need for fast-charging solutions is driving the development of advanced high-power connectors.
- Growth of commercial EV fleets-including buses, logistics vehicles, and shared mobility platforms-is boosting demand for durable, heavy-duty connectors.
- Increasing standardization efforts across regions (CCS, CHAdeMO, GB/T, NACS) are supporting interoperability and wider deployment.
Industrial Advances & Developments
- Introduction of ultra-fast DC connectors capable of supporting high-power charging for long-range EVs.
- Development of liquid-cooled connectors to manage heat during high-current charging sessions.
- Integration of smart features such as secure locking mechanisms, temperature sensors, and real-time communication for safer charging.
- Expansion of modular charging systems designed for public, residential, and fleet applications.
- Strategic partnerships between automakers, charging network operators, and component suppliers to standardize connector technologies.
Regional Insights
- North America: Strong growth driven by rapid charging network expansion and increasing adoption of NACS and CCS connectors.
- Europe: Leading region due to strict emission regulations, widespread EV adoption, and dominant use of CCS2 standard.
- Asia-Pacific: Fastest-growing market, led by China's GB/T standard, large EV manufacturing volume, and heavy government support.
- Latin America: Steady emergence supported by early-stage infrastructure development and growing EV incentives.
- Middle East & Africa: Gradual growth aligned with government sustainability initiatives and development of smart cities
Key segments
➥ By Charging Level
Level 2 chargers dominate due to their balance of speed, cost-efficiency, and widespread installation in homes and commercial spaces. Level 3 (DC Fast Chargers) grow rapidly with increasing EV adoption and highway electrification. Level 1 remains limited to basic home charging needs.
➥ By Charging Speed
Fast charging leads as consumers demand reduced charging time and improved convenience. Slow charging continues to be used for overnight residential charging and low-power applications.
➥ By End-User
Public charging infrastructure drives major growth as governments and private operators expand charging networks. Private end-users, including households and businesses, steadily adopt EV chargers for convenience and fleet operations.
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