In electric vehicles, powers get transferred to the car via electric vehicle connector. There are different shapes available in the market to comply with the systems of North America, Europe, and China. The global electric vehicle connector market is expected to take a lead by 20% CAGR during the forecast period (2018-2023). Market Research Future (MRFR), in their recent report claims high integration of the system could help the market speed past the expected valuation with substantial ease.
Factors such as eco-friendly measures, government initiatives, growing trend to buy electric vehicles, better infrastructure, interests shown by manufacturers, and others are expected to provide tailwind to the market. However, the lack in standardization and high cost can deter the expected growth rate of the electric vehicle connector market. But growing disposable income can take out the market from any long-time sluggishness.
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The global electric vehicle connector market, as studied by MRFR in their latest report on the same market, has been segmented by application, connector type, charging type, vehicle type, power supply range, current supply, charging station, component, charging speed, and region.
Based on the connector type, the electric vehicle connector market comprises type1, type2, type3, and others.
Based on the power supply range, the electric vehicle connector market is 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).
Based on the current supply charging, the electric vehicle connector market includes AC charging and DC charging.
Based on the charging station, the electric vehicle connector market includes wall mounted and floor mounted.
Based on the charging speed, the electric vehicle connector market comprises slow, fast and rapid charger. The fast charger segment is witnessing high traction.
Based on the component, the electric vehicle connector market consists leads, adaptor, pins, wallbox, and others.
Based on the vehicle type, the electric vehicle connector market encompasses battery EV, plug-in EV, and hybrid EV. The hybrid EV segment is gaining much traction during the forecast period.
Based on the application, the electric vehicle connector market has been segmented into residential and commercial.
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