In 2018, the global electric vehicle connector market size reached 30 million US dollars

The increase in sales of electric vehicles and the consequent increase in demand for charging stations are the main reasons for the stable and rapid development of electric vehicle connectors. Electric vehicle connectors can act as electric vehicle couplers, with the charging poles required for power transmission, connectors Helping to establish the connection of the battery to the charging point, different EV connectors provide charging capabilities with different currents and powers, thus improving efficiency.

By type, increasing demand for fast charging points is expected to drive the EV connector market, with GB/T being the largest of all type 1 charging points and is expected to witness significant growth over the forecast period. At the same time, the increasing demand from AC charging points to DC fast charging points will also boost its market development.

The charging level depends on the power output of the charging station and the corresponding time required to charge the electric vehicle. DC Level 3 requires extensive infrastructure and service upgrades and therefore has the highest installation cost compared to the other two levels. Level 3 EV connectors are mainly used in the global connector market, and this type of charger is capable of charging a vehicle to 80% electric power in less than 10 minutes. This level of connector is suitable for fast charging, suitable for a typical 45 kW off-board charger, and is suitable for the range of 200 V to 600 V. As the demand for AC charging to DC charging increases, the Level 3 electric vehicle connector market will rise.

Geographically, Asia Pacific is estimated to be the largest EV connector market in 2018, and the region includes some of the fastest growing economies in the world, such as China and India. Asia Pacific is the largest market for electric vehicles because of government support in subsidies and tax rebates. In addition, countries such as Japan and China continue to improve their charging infrastructure. Therefore, EV charging infrastructure will rise and drive the market for its connectors.

Continued improvements in charging infrastructure and increased vehicle models are the main factors driving the Asia-Pacific region to be the fastest-growing market. In addition, worrying levels of pollution in economies such as Japan and China have driven demand for zero-emission vehicles, creating huge demand for electric vehicles and EV charging points in these countries.

In terms of manufacturers, Japan's Yazaki, Switzerland's Tyco Electronics, Japan's Sumitomo Electric, France's Schneider Electric, Switzerland's Haoxun, Germany's Bosch, US ITT, US's Amphenol, Germany's Siemens, Switzerland's ABB and Japan's Fujikura will become the world's leading manufacturers manufacturer of electric vehicle connectors.