Global Electric Vehicle Connector Market is expected to witness exponentional growth during the forecast period.
Market Research Future published a Half Cooked Research Report Global Electric Vehicle Connector Market that contains the information from 2018 to 2023. The Global Electric Vehicle Connector Market is expected to progress with the CAGR of ~20% from 2018 to 2023.
Taste the market data and market information presented through more than 100 market data tables and figures spread in 88 numbers of pages of the project report. Avail the in-depth table of content & market synopsis on “Global Electric Vehicle Connector Market Information from 2018 to 2023″
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The electric vehicle connector is a device inserted into the electric vehicle inlet to generate the electric connection between the source and power receiver. The vehicle connector plays an important role for power transformation and information exchange. Henceforth, the electric vehicle connector is a simple solution for charging electric vehicles and hybrid electric vehicles, which is ideally suited to stationary charging.
The prominent players in the global Electric Vehicle Connector Market include Yazaki (Japan), Schneider Electric (France), Tesla (US), Bosch (Germany), ABB (China), Siemens AG (Germany), Fujikura (Japan), Amphenol (US), Huber+Suhner (Switzerland), and Sumitomo (Japan).
The rise in sales and production of electric vehicle developing and emerging nations are set to drive the global electric vehicle connector market. The growing demand for environment friendly vehicles, and the growing concern over the safety in electric vehicles will further boost the growth of this market. The technological advancements in electric vehicle connector device and improving economies from developing regions such as Brazil, UAE, Africa, Argentina, and India are providing an opportunity for the expansion of this market in these regions.
Increased investments in new product development will enable strategic mergers and acquisitions of small startup companies in this market, which will further enhance the global market during the forecast period. However, the major restraints for the global electric vehicle connector market is lack of standardizations, high cost and energy loss during transmission.
The global Electric Vehicle Connector Market is estimated to witness ~20% CAGR during the period from 2018 to 2023.
The global Electric Vehicle Connector Market is segmented on the basis of connector type, charging type, power supply range, current supply, charging station, charging speed, component, vehicle type, application, and region. On the basis of connector type, the market has been segmented into type1, type2, type3, and others. On the basis of power supply range, the market has been segmented into level1 (1.4 kW–1.9 kW), level2 (AC 240 V Up to 19.2 kW), level 3 (DC 200 V–600 V Up to 240 kW), and level 4 (>DC 600 V, Above 240 kW).
On the basis of power supply range, the Level 3 (DC 200 V–600 V Up to 240 kW) segment is projected to witness a fastest growth in the electric vehicle connector market from 2018 to 2023. This growth is attributed due the increasing charging infrastructure, growing demand for fast charging service station and rising long distance travelling.
Segmentation based on application, the commercial segment is projected to witness faster growth during the review period. This growth is attributed due to the growing investment by the automakers for the expansion of electric vehicle market across the globe.
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This research report provides insights into various levels of analysis, such as industry analysis and market share analysis for the leading industry competitors, along with their profiles. It also helps in studying the target segments by providing views on the emerging & high-growth segments. The market data comprises the necessary assessment of the competitive scenarios and strategies in the global Electric Vehicle Connector market, including high-growth regions and/or countries, and political and economic environments. The project report further provides both – historical market values and pricing & cost analysis.