Global EV Connector Market 2022-2027

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    GLOBAL EV CONNECTOR MARKET

     

    INTRODUCTION

    With the increase in demand for EVs across the globe, there is also an increase in EV connectors to meet the charging demands. The demand is also to maintain and develop connectors which can be used across architectures and also develop connectors which will be capable of handling fast charging.

     

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    Currently there are 2 types of connectors for Alternating Current Charging (AC) 1. Type 1 and 2. Type 2 and 3 types of connectors for Direct Current (DC) 1.Combined Charging System (CCS) 2. CHAdeMO and 3.Tesla Supercharger

     

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    TYPES OF CONNECTORS IN THE EV CONNECTOR MARKET

    • Alternating Current

     

    • Type 1

    This is utilised for power upto 7.4 kW mainly in Asian regions

     

    • Type 2

    This is capable of handling upto 43 kW charging and is utilised across USA and Europe. This is popular even among public charging stations

     

    • Direct Current

     

    • Combined Charging System

    This is a modified Type 2 charger to enable DC Fast Charging. This plug is utilised across regions and is used at Ionity’s charging infrastructure where 350 kW chargers are being utilised

     

    • CHAdeMO

    A charging system developed in Japan and now being utilized across multiple OEMs such as Nissan, Mitsubhishi and Toyota. The latest protocol allows 500 kW of charging at 600A in this charger type.

     

    • Tesla

    Tesla utilises a modified Type 2 connector specifically for their vehicles. No other OEMs can utilise a Tesla connector for their vehicle. The current peak power utilisation possible with a Tesla connector is 250 kW

     

    FAST CHARGING INFRASTRUCTURE ACROSS REGION

    Charging infrastructure plays a major role in increasing EV sales. Since range anxiety is a common concern among people deliberating buying an EV. Development of fast charging is also prominent among OEMs, charging networks, cable manufacturers etc. to decrease overall charging time.

     

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    Europe

     

    There are more than 13,000 DC Fast Chargers in Europe. Germany, Netherlands, France, Italy, UK, Norway and Sweden are the key deployment countries for fast chargers in Europe. 

     

    In France, local authorities directly initiated 70% of France’s charging stations opened to the public. Most of these deployments (94%) received financial support under the Investments for the Future Programme (PIA). To improve confidence for EV drivers in Germany, the government made it mandatory for all fuelling stations to have EV chargers on site

     

    USA

     

    SI no Types of connector AC/DC Use
    1 J1772 AC level 1 It is typically used when there is only a 120V outlet and it ranges 2-5 miles per 1 hour of charging
    2 J1772 AC level 2 It operates at up to 30 Amps delivering 7.2kW of power. It ranges from 10-20 miles per hour of charging
    3 1. CCS connector(J1772 combo)

    2. CHAdeMO connector

    3. Tesla connector

    DC 1. The DC fast charging connector has additional two pins

    2. The CHAdeMO is the most common of the three connector types.

    3. Tesla vehicles has a unique connector that works for all their charging levels including the fast charging, called Supercharger.

    There are more than 5,000 fast chargers in USA with more than 18,000 connectors across USA. 1,000 of these chargers are run by Tesla and 10,600 connectors are in the Tesla Supercharger Network.

     

    Fast chargers deployment will be focused on population density. 50% of the American population live in 143 counties which is 4.3% of the overall counties. The cross country highways will also be target for fast charging as the stop time for trips will be minimal for EVs.

     

    CHINA

     

    China currently has more than 200,000 DC Fast chargers. The DC Fast charging network is mainly consolidated along the east coast of China where the population density is high along with high EV sales.

     

     

     GOVERNMENT INCENTIVES FOR EV CHARGERS

     

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    Finland

    Finnish government announced a €5.5 million budget for expanding charging infrastructure during 2020 and 2021.

    • A refund up to 35% of the total installation and purchasing costs for charging infrastructure is available for the companies for charging and using electric vehicles. This can increase to 50% if the stations use 11kW or more.

     

    France

    French government has allocated €1.3 billion for various incentives and subsidies to increase EV chargers across the country

     

    There are various charging incentives covered by ADVENIR program

    • Up to €960, and up to 75% connection costs refund
    • Up to €2700 for AC and for DC it is about €11,100 and 75% connection cost refund for purchase, installation and grid connections for private and parking.

     

    Germany

     

    SI no Amount (in euro) Type of charger Power
    1 €4,000 AC/DC 7 to 22 kW.
    2 €16,000 DC fast chargers 22 to 50 kW.
    3 1. €10,000

    2. €100,000

    1. Low voltage grid connections. 2. medium voltage grid connections.

     

    German resident get a grant of €900 for purchase and installation of charger at home. Berlin, Bavaria, Munich and other cities have city wise and province wise incentives and subsidies

     

    Italy

    Italian government earmarked €130 Million subsidies for developing charging stations. Tax returns of € 3,000 for purchasing and installing charging stations by commercial firms

     

    A refund of up to 50% of the total costs of purchasing and installation if charging stations up to 220kW in privately used parking.

     

    Netherlands

    36% deduction for private consumers who set up a charger at home. Tax return of 75% for companies and public firms who set up charging stations.

     

    USA

    Biden administration is allocating $174 Billion for EV infrastructure across the country inclusive of chargers across the country

     

    RECENT TRENDS IN THE EV CONNECTOR MARKET

     

    SI no Timeline  Company Developments
    1 Q2-2021 Tesla Tesla has launched the Tesla J1772 Gen 2 Wall Connector- a home or work AC level charging unit with SAE J1772 plug in the US and Canada.
    2 Q2-2021 Tesla Tesla has finally launched the new CCS plug adapter in South Korea and has also confirmed that it will be coming to North America soon.
    3 Q2-2021 EVgo EVgo has announced that they are expanding their Tesla connectors in the US charging stations in order to give more charging to the Tesla owners.
    4 Q2-2021 Panasonic Tesla’s North American battery partner, Panasonic has shown the prototype of the new cylindrical 4680-format battery cell.
    5 Q2-2021 Brugg Cables In order to repair or replace with one joint and no additional cables, Brugg cables have launched a patented product, The Extended-Repair joint.

     

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    EV CONNECTOR MARKET SIZE AND FORECAST

    The market for EV connectors is estimated at $xx Billion in 2020. The number of EV chargers going to be deployed will be XX units.

     

    The increasing number of chargers being deployed will be the largest driver for this market. The main regions will continue to be USA, Europe and China and will have the largest growth.

     

    The players in the market will be Huber+Suhner, ITT Cannon, and Phoenix Contact. Since most of the charger manufacturers do not manufacture connectors in house, there is a scope for new players in the market.

     

     

    RECENT LAUNCH IN THE EV CONNECTOR MARKET

    Ather Energy, a developer of electric scooters, announced on Tuesday that it will make its patented fast-charging connector available to other EV two-wheeler manufacturers as well, allowing for a speedier uptake of these vehicles.

     

    This will open the path for a two-wheeler fast charging infrastructure that is interoperable.

     

    By allowing all scooters to use Ather Energy’s over 200 rapid charges, the move will also assist to reduce range anxiety.

     

    At the same time, it will enable more original equipment manufacturers (OEMs) to build products on a single platform, reducing infrastructure costs, according to the company.

     

    The connector, designed by Ather, allows for both AC and DC charging on the same cable. According to the business, its size was designed to be suitable for integration into two- and three-wheelers with the ability of CAN 2.0 connection with control and proximity pilot.

     

    Furthermore, the custom connector has been engineered for low-cost fabrication, allowing it to be used in mass-market vehicles, according to Ather.

     

    Ather Energy has invested in the development of a fast-charging network, Ather Grid, and has been offering free regular speed charging to all electric two-wheelers and four-wheelers.

     

    Three new products from TE Connectivity have been launched for the hybrid and electric commercial vehicle market. The new IPT-HD power bolt connector works in temperatures ranging from -40 to +125 degrees Celsius and can endure extremely high engine-level vibrations thanks to its low-contact-resistance design.

     

    The IPT-HD connector has redesigned shielding that meets ISO and LV standards, as well as thicker conductor cross-section alternatives for MCU (Motor Control Unit), e-axle, and e-motor applications. The power bolt series can accommodate up to three positions as well as conductor cross-sections of 50 mm2 and 70 mm2. In the near future, a 95 mm2 option will be offered.

     

     

    EV CONNECTOR MARKET COMPETITIVE LANDSCAPE

     

    SI no Timeline Company Sales
    1 Q3-2021 Phoenix Contact The Total revenue in the third quarter of 2021 is decreased to $38 million as the last year revenue is about $47 million.
    2 Q3-2021 ITT Cannon At the end of the third quarter of 2021, the revenue of ITT Cannon was $689.6 million and the previous year revenue was $591.2 million.
    3 Q3-2021 HuberSuhner The net sales of HuberSuhner in the H1-2021 is about $424.4 million. 

     

    Among the EV connectors market, there are 7-8 main players followed by multiple smaller players who will look to cash in the charger boom in Europe, China, and North America.

     

    Phoenix Contact expanded their portfolio under the range of CHARX. It will include components for both electrification of vehicles as well as charging infrastructure. They also collaborated with Proximus to enable 5 G connection in their charging infrastructure products and across other products and services in the company. They also launched new charging AC cables which will work upto 48 A.

     

    Huber+Suhner launched RADOX HPC200 and completed their RADOX range. It now covers power ranges from 50 kW to 500 kW. They launched RADOX HPC500 which enabled continuous charging at 500 A, an IP67 connector protection rating, the option of a ready-to-use metering system and replaceable contacts for longer service life. They also showcased and launched high voltage distribution solutions for electric vehicles.

     

    ITT Cannon expanded global customer reach with Heilind Electronics through a distribution agreement increasing the customer base globally. They also launched multiple charging products including 150 kW cable and connector, liquid cooled DC charging cables and AC charging solutions. They acquired Matrix Composites to develop better products for the industry. 

     

     

    COMPANY PROFILES

    1. Tesla
    2. Phoenix Contact 
    3. Huber+Suhner
    4. ITT Cannon
    5. Emovetech
    6. OMG EV cables – Chinese company
    7. TE connectivity
    8. Brugg Cables (Swiss)
    9. SemaConnect – cable management system supplier
    10. General cable
    11. Eland Cables

     

    THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

    1. What is the average cost per connector right now and how will it change in next 5-6 years? Average cost to setup a charging station in US, Europe and China?
    2. How many Electric Vehicle fast chargers are manufactured per annum globally? Who are the connector suppliers in different regions?
    3. What is happening in overall public charging infrastructure, globally? What are the bottlenecks in EV home charging for urban dwellers?
    4. Role of car manufacturers in growth of Electric Vehicle Connector Market?
    5. DC fast charging capability of upcoming EVs
    6. What will be the average charging power of charging stations during 2022-2027 in top 10 EV markets globally?
    7. Which charging standard CHAdeMo/CCS will have bigger market acceptance and why?
    8. Cost breakup of a charger and key vendor selection criteria
    9. Where are the Electric Vehicle fast chargers manufactured? What is the average margin per equipment?
    10. Average public charging fees for consumers in top 10 EV markets globally
    11. Market share of Electric Vehicle charger connector manufacturers and their upcoming products
    12. The most important planned fast charging sites in next 2 years
    13. The importance of touch screen as a user interface on a fast charger as compared to TFT display with haptic buttons
    14. Details on network of major charging providers like EVgo, Chargemaster etc, their membership and pricing plans
    15. How are the oil majors, utility companies, super market store chains and big real estate companies eying Electric Vehicle fast charger market as next big opportunity?

     

     

     

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2022-2027
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2022-2027
    19 Market Segmentation, Dynamics and Forecast by Application, 2022-2027
    20 Market Segmentation, Dynamics and Forecast by End use, 2022-2027
    21 Product installation rate by OEM, 2022
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2022
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

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