EV Connectors Market by Charging level and Region- 2025| MarketsandMarkets

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MarketsandMarkets Presents

EV Connectors Market by Charging level and
Region- 2025
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v-connectors-market-65630242.html
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The report "EV Connectors Market by Type (Type1,
CCS, Chademo, GB/T, Tesla), Charging level (Level
1 to Level 4), Charging Speed (Slow, Fast),
Voltage (AC, DC), End User (Residential,
Commercial), Mounted type, Cable, Component, and
Region - Global Forecast to 2025", is projected
to grow at a CAGR of 18.44 from USD 30 million
in 2018 to reach USD 98 million by 2025, The
major factors behind the growth of the EV
connectors market are increase in sales of EVs
and demand for EV charging points, which, in
turn, are driving the EV connectors market. EV
connectors act as an EV coupler with charging
pole of the station required for power
transmission. The connectors help establish the
connection of the battery of an EV with the
charging point of the station. The different EV
connectors offer charging capabilities at varying
current and power, thereby improving
efficiency. Get The PDF Brochure For This
Report https//www.marketsandmarkets.com/pdfdown
loadNew.asp?id65630242 Browse 86 market data
Tables and 66 Figures spread through 173 Pages
and in-depth TOC on "EV Connectors Market
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v-connectors-market-65630242.html
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By Type Segment Increased demand for fast EV
charging points is expected to drive the EV
connectors market The GB/T is the largest of all
type of charging points followed by type 1
charging points in the EV connectors market and
is expected to witness significant growth during
the forecast period. The market growth of EV
connectors can be attributed to factors such as
shift in demand from AC charging points to DC
fast charging points, which would charge EVs
rapidly. The by type segment is the most
promising market for EV connectors as it has huge
demand and is expected to drive the future EV
connectors market too. By Level Type Segment
Level 3 is expected to dominate the EV connectors
market The charging level depends on the power
output of the charging station and the
corresponding time required to charge the EV. DC
Level 3 requires significant infrastructure and
service upgrades and consequently is the most
expensive to install as compared to the other two
levels. Level 3 EV connectors are predominantly
used in the global EV connectors market. This
type of charger has the ability to charge the
vehicle from fully drained to 80 in less than 10
minutes. The level 3 EV connectors are
appropriate for fast charging and fall in the
range from 200 V to 600 V with a typical 45 kW
off-board charger. With the rise in demand from
AC charging to DC charging, the market for Level
3 EV connectors would rise.    Request Sample of
the report https//www.marketsandmarkets.com/requ
estsampleNew.asp?id65630242
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Asia Pacific China is expected to lead the Asia
Pacific region    The Asia Pacific region is
estimated to be the largest EV connectors market
in 2018. The region comprises some of the fastest
developing economies of the world such as China
and India. The Asia Pacific region is the largest
market for EVs because of government support in
the form of grants, subsidies, and tax rebates
and continuous improvement of charging
infrastructure in countries such as Japan and
China. Thus, the EV charging infrastructure would
rise and drive the market for EV connectors.
Continuously improving charging infrastructure
and increasing vehicle range are the major
factors which have contributed to Asia Pacific
being the fastest growing market. Additionally,
the alarming pollution levels in economies such
as Japan and China have fueled the demand for
zero emission vehicles, thereby creating a huge
demand for EVs and EV charging points in these
countries. The major EV connectors market
players include Yazaki (Japan), TE Connectivity
(Switzerland), Sumitomo (Japan), Schneider
Electric (France), HUBERSUHNER (Switzerland),
Tesla (US), Bosch (Germany), ITT (US), Amphenol
(US), Siemens AG (Germany), ABB (Switzerland),
and Fujikura (Japan). Dont miss out on business
opportunities in EV Connectors Market. Speak to
our analyst and gain crucial industry insights
that will help your business grow.
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