DUBLIN--(BUSINESS WIRE)--The "EV Connectors Market by Type (Type1, CCS, Chademo, GB/T, Tesla), Charging level (Level 1 to 4), Charging Speed (Slow, Fast), Voltage (AC, DC), End User (Residential, Commercial), Mounted type, Cable, Component, Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global EV connectors market is estimated to grow from USD 30 million in 2018 at a CAGR of 18.44% to reach USD 98 million by 2025.
Favorable government policies and support in terms of subsidies and grants, tax rebates for EVs, and EV charging points would drive the growth of EV charging stations.
Thus, the EV connectors market would grow subsequently. However, the high cost of installation of EV charging points is considered to be a major restraint for the growth of the EV connectors market.
Type 2 segment is the fastest growing market in terms of EV charging points market during the forecast period
GB/T is the fastest growing market in terms of charging infrastructure as China is focused on increasing their EV sales rapidly by 2025, which would boost the market of GB/T charging points.
Also, the combined charging system (CCS) is one of the fastest growing markets in terms of charging points. It is attributed to the fact that the CCS standard is supported by 7 US and European automakers.
Additionally, the safety features of CCS include diagnosable lock, proximity and control pilot, and PLC-based communication which drives the growth of the CCS infrastructure of EV charging stations.
- High Emphasis of Governments on Encouraging the Adoption of EVS
- Increasing Focus of Automakers on EVS as the Prime Segment
- Increase in Demand for Fast Charging EV Connectors
- Lack of Standardization for EV Connectors Across the Globe
- Use of Vehicle-To-Grid (V2G) EV Charging Stations for EVS
- Collaboration of Governments With Private Companies
- Stringent Regulations & Mandates by Government Authorities for Charging Stations
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 EV Connectors Market, By Level of Charging
8 EV Connectors Market, By Type
9 EV Connectors Market, By End User
10 EV Connectors Market, By Charging Speed
11 EV Connectors Market, By Current Supply
12 EV Connector Market, By EV Charging Station
13 EV Connectors Market, By Cable Type
14 EV Connectors Market, By Component
15 EV Connectors Market, By Region
16 Competitive Landscape
17 Company Profiles
- Besen Group
- Blink Charging
- Chargemaster PLC
- Chargepoint Inc.
- Dyden Corporation
- EV Cables
- Fischer Connectors
- Ge Wattstation
- Ies Synergy
- Jet Charge
- Mogile Tech
- Schneider Electric
- Siemens AG
- TE Connectivity
- and more...
For more information about this report visit https://www.researchandmarkets.com/research/p3k83z/98_million_ev?w=4
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Related Topics: Wire and Cables, Electric and Hybrid Vehicles