DC FAST CHARGER CONNECTOR MARKET

INTRODUCTION

An electric car can be fully charged using a DC fast charger in as little as 20 minutes using 480 volts, which makes it possible to go great distances without worrying about running out of power.

For DC fast charging, which is high-speed EV charging that is exclusively available in public places, most typically along major freeways where long-distance travel is usual, things are a little more complicated. Since residential buildings typically lack the necessary electricity, DC fast chargers are not available for charging at home.

DC FAST CHARGER CONNECTOR MARKET DEVELOPMENTS AND INNOVATIONS

Due to a surge in the manufacturing of electric vehicles around the world, EV connections have become more and more common along with the growth of EVS (electric vehicle stations).

Producers of EV connections are concentrating on improving charging compatibility and supplying the market with connectors that are more effective. Growing sales of electric passenger cars are predicted to present the market for EV connectors with sizable prospects.

In order to comply with the increasingly strict laws being enacted in Europe and China, companies are accelerating their plans to launch EVs. For instance, according to Bloomberg New Energy Finance (BNEF), numerous automakers will globally introduce more than 500 different electric car models by 2022. For the players involved, this should present a lucrative opportunity.

DC FAST CHARGER CONNECTOR MARKET COMPETITIVE LANDSCAPE

As it provides to recharge through with a 240 V AC socket and necessitates the installation of home charging or public charging equipment, the fast charging EV connector is the market's largest and most rapidly expanding sector.

Now, the majority of public and commercial electric vehicle charging stations use fast charging. Due to government assistance in the form of grants, subsidies, and tax breaks as well as constantly developing charging infrastructure in nations like Japan and China, the Asia Pacific area is the greatest market for EVs. 

Phoenix Contact is a leading mobiliser of the various explorer oriented electric vehicle manufacturer requirements in the market. The Fast DC electric car charging is accomplished with CHARX connect DC charging wires.

It now offers the GB/T standard for China in addition to type one and type two CCS (Combined Charging System) charging cables. The use of cooled High Power Charging ports allows for charging powers of up to 500 kW. This enables the charging of vehicle batteries at an HPC charging station.

ABB is a leading mobiliser of the various explorer oriented manufacturer requirements in the market. The latest fast DC based connector has been part of the brand-new Terra 360 modular charger from ABB has a dynamic power distribution system and can charge up to four vehicles at once.

As a result, drivers will not have to wait if someone else is already moving forward. They simply approach a different plug. The new charger can fully charge any electric vehicle in 15 minutes or less and has a maximum power of 360 kW.

DC FAST CHARGER CONNECTOR MARKET COMPANIES PROFILED

• ABB Group
• Continental AG
• HUBER+SUHNER
• ITT Inc.
• TE Connectivity
• Amphenol
• Robert Bosch GmbH
• Schneider Electric
• Siemens AG
• Sumitomo Corporation
• Tesla
• Yazaki Corporation