Electric Vehicle Charging Connector Industry
As electric vehicles (EVs) become more prevalent, there is a growing need for faster charging options to address the issue of range anxiety.
WILMINGTON, NEW CASTLE, DE, UNITED STATES, November 26, 2024 /
EINPresswire.com/ -- According to a new report published by Allied Market Research, titled, โ
Electric Vehicle Charging Connector Market," The electric vehicle charging connector market size was valued at $59.3 million in 2022, and is estimated to reach $273.2 million by 2032, growing at a CAGR of 17% from 2023 to 2032.
๐ด ๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ -
https://www.alliedmarketresearch.com/request-sample/A106800
An electric vehicle (EV) charging connector is a device that is used to connect an EV to a charging station or a power source to charge its battery. It is essentially the interface that allows the transfer of electrical energy from the charging infrastructure to the vehicle. An electric vehicle charging connector is an essential component that facilitates the transfer of electricity from a charging station to an electric vehicle (EV) for the purpose of charging its battery. It serves as a physical connection point where the charging station and the EV can establish an electrical link.
Charging connectors come in different types and standards, depending on the region, the charging infrastructure, and the type of electric vehicle. The most common types include Type 1 (J1772), Type 2 (Mennekes), CHAdeMO, and CCS (Combined Charging System). Each connector type has its own specific design, pin configuration, and communication protocols.
The charging connector typically consists of a plug on one end, which is inserted into the charging port of the EV, and a socket on the other end, which is connected to the charging station. The plug and socket are designed to securely fit together and ensure a safe and efficient transfer of electricity. Modern charging connectors often incorporate additional features such as locking mechanisms to prevent accidental disconnections, communication interfaces for data exchange between the vehicle and the charging station, and advanced safety features like ground fault protection.
๐๐๐๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ: -
Amphenol Corporation
Tesla
Robert Bosch GmbH
Siemens
Yazaki Corporation
ABB
TE Connectivity
Schneider Electric
Sumitomo Corporation
Fujikura
๐๐ก๐ ๐๐ก๐๐๐๐ฆ๐จ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐ฆ๐๐ข๐ง๐ญ๐๐ข๐ง ๐ข๐ญ๐ฌ ๐ฅ๐๐๐๐๐ซ๐ฌ๐ก๐ข๐ฉ ๐ฌ๐ญ๐๐ญ๐ฎ๐ฌ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก๐จ๐ฎ๐ญ ๐ญ๐ก๐ ๐๐จ๐ซ๐๐๐๐ฌ๐ญ ๐ฉ๐๐ซ๐ข๐จ๐-
Based on type, the CCS segment held the highest market share in 2022, accounting for nearly two-fifths of the global electric vehicle charging connector market revenue. The combined charging system (CCS) has been
widely accepted as the standard charging system by major automakers, including Volkswagen, BMW, Ford, General Motors, and many others. This broad adoption has helped establish CCS as a dominant charging solution in the EV market. On the other hand, the Chademo segment is estimated to maintain its leadership status in terms of revenue throughout the forecast period. However, the Tesla segment is projected to manifest the highest CAGR of 21.9% from 2023 to 2032, as it is the most trusted connector in North America, having completed over 20 billion EV charging miles, along with being a Tesla-exclusive connector used in their electric automobiles.
๐ด ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ:
https://www.alliedmarketresearch.com/electric-vehicle-charging-connector-market/purchase-options
๐๐ก๐ ๐ซ๐๐ฌ๐ข๐๐๐ง๐ญ๐ข๐๐ฅ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐ฆ๐๐ข๐ง๐ญ๐๐ข๐ง ๐ข๐ญ๐ฌ ๐ฅ๐๐๐ ๐ฉ๐จ๐ฌ๐ข๐ญ๐ข๐จ๐ง ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก๐จ๐ฎ๐ญ ๐ญ๐ก๐ ๐๐จ๐ซ๐๐๐๐ฌ๐ญ ๐ฉ๐๐ซ๐ข๐จ๐-
Based on end user, the residential segment held the highest market share in 2022, accounting for nearly three-fourths of the global electric vehicle charging connector market revenue, and is estimated to maintain its lead position throughout the forecast period. Residential charging connectors allow electric vehicle owners to conveniently and safely charge their vehicles at home, providing a reliable and accessible charging solution for daily use. However, the commercial segment is projected to manifest the highest CAGR of 17.8% from 2023 to 2032, as commercial connectors play a crucial role in enabling EV owners to charge their vehicles while away from home, providing them with the flexibility to travel longer distances and rely on public charging infrastructure for convenient recharging options.
๐๐ฌ๐ข๐-๐๐๐๐ข๐๐ข๐ ๐ญ๐จ ๐ฆ๐๐ข๐ง๐ญ๐๐ข๐ง ๐ข๐ญ๐ฌ ๐๐จ๐ฆ๐ข๐ง๐๐ง๐๐ ๐๐ฒ ๐๐๐๐-
Based on region, Asia-Pacific held the highest market share in 2022, accounting for more than two-fifths of the global electric vehicle charging connector market revenue, and is estimated to maintain its dominance throughout the forecast period. This is due to the rapid growth in the sales of electrical vehicles, due to which there is a growth in the electric vehicle charging connector market. The rise in sales is due to the government incentives in the various regions and the developments made by the various manufacturers. However, North America is projected to manifest the highest CAGR of 19.1% from 2023 to 2032, owing to the rise in the price of oil in recent years, which increases the long-term cost benefits of electrical vehicles.
๐ด ๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ -
https://www.alliedmarketresearch.com/purchase-enquiry/A106800
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By type, the Tesla segment dominated the
EV charging connector market in terms of growth rate.
By charging level, the level 3 segment is anticipated to exhibit a remarkable growth during the forecast period.
By charging speed, the fast charging segment is anticipated to exhibit a remarkable growth during the forecast period.
On the basis of end user, the commercial segment is anticipated to exhibit a remarkable growth during the forecast period.
By region, the North America region is anticipated to exhibit a remarkable growth during the forecast period.
๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of โMarket Research Reportsโ and โBusiness Intelligence Solutions.โ AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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