EV CONNECTOR MARKET

KEY FINDINGS

• China will remain the largest market till 2027 with a high deployment rate at present and the volume of sales along with promotion of faster charging will be the prime cause of growth
• The number of electric vehicles sold was 6.5 million units in 2021. Approximately 5.49 million EVs were sold in both China and Europe.
• The number of EVs on the road per public charging point globally rose to 9.2 at the end of 2021, from 7.4 at the end of 2020.
• Technological advancements, such as the integration of all-EV charging station systems with the Internet of Things (IoT) and time data solutions, are propelling market growth.
• In June 2022, the Biden administration planned to develop new standards for federally funded electric vehicle fast chargers to be built along the nation's highways, generating the "first-ever national network of 500,000 electric car chargers."
• OEMs are developing SiC- and GaN-based (wideband semiconductor) power electronics which are far more efficient at converting power and reducing losses during charging
• HUBER + SUHNER is a leading supplier of cables and connectors, supplies to both ABB and BTC power whereas Eface is closely aligned with ITT Cannon. Tesla- like many other EV components produces all components in-house
• Allego entered into a long-term partnership with Nissan in 16 countries and across more than 600 locations to install, operate, and maintain DC fast charging solutions of 50kW and 24kW.
• TE Connectivity has launched the Generation Y 68P sealed hybrid inline connector, which simplifies OEM manufacturing by reducing the number of connections, simplifying supply chain complexity, and lowering costs.
• In March 2022, Ford launched its new Ford Charge Station Pro, a bi-directional home charging station that works with the upcoming F-150 Lightning electric pickup truck.

INTRODUCTION TOEV CONNECTOR MARKET

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.

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

To know more about Global Electric Vehicle Wiring Harness Market, read our report

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

EV CONNECTOR MARKETFAST 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.

EV Connector Market in 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

EV Connector Market in USA

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.

EV Connector Market in 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.

EV CONNECTOR MARKETGOVERNMENT INCENTIVES FOR EV CHARGERS

EV Connector Market in 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.

EV Connector Market in 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.

EV Connector Market in Germany

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

EV Connector Market in 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.

EV Connector Market in 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.

EV Connector Market in 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

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Smart EV charging meets the energy needs of drivers and local grids while providing EVs with energy that is dependable, safe, renewable, and affordable. It is reliant on highly developed back-end software that gathers data from EVs, networked chargers, and the grid. The information is used to integrate storage and renewable energy sources, optimise EV charging, and reduce grid impact.

In order to provide a seamless charging experience, EV drivers are challenging EV charge point operators and e-mobility service providers to manage charger availability and stability better. Up to 80% of the operational problems caused by software-related problems that prevent drivers from using EV chargers can be resolved by self-healing algorithms built into an EV charging management platform.

Vehicle-to-grid technology introduced the notion of using the energy stored in EV batteries for other uses (V2G). V2G plans to use intelligent EV charging to manage a two-way energy flow between EVs and the grid. During peak hours, utilities would buy stored energy from EV owners and distribute it over the grid rather than producing more power.

Currently available ultra-fast charging options, such as 250kW and, soon, 350-500kW DC fast chargers, allow for the quick refuelling of passenger cars, light-duty trucks, and vans.

Much more power is required for medium- and heavy-duty trucks. A fast-charging connector for heavy-duty vehicles based on the Megawatt Charging System standards has been released by the international EV standards non-profit CharIN after four years of development.

Trucks can increase their range by about 200 miles during a half-hour charging session because it is designed for DC charging at up to 3,750kW. Thus, the required 500-mile range for a single run is nearly reached by electric trucks.

EV CONNECTOR MARKET SIZE AND FORECAST

The market for EV connectors is estimated at $xx Billion in 2023. 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 THEEV CONNECTOR MARKET

Ather Energy, a developer of electric scooters, announced 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 MARKETNEW PRODUCT LAUNCH

The Tesla Universal Wall Connector, a new level 2 home charger from Tesla, can charge any electric vehicle sold in North America without requiring an additional converter, which is something no other charger can claim to be able to do.

This is due to the fact that The Universal Wall Connector uses an AC variant of its Supercharger Magic Dock to enable the charger to release a built-in J1772 adapter when the user needs it.

This will charge vehicles that use the new North American Charging Standard, or NACS, as well as those that have an EV with a J1772 inlet, which has been the norm in North America.

It will be especially useful for people whose home has two EVs, one of which utilises the J1772 connector and the other of which uses the NACS connector. The Universal Wall Connector will keep the adapter safe and secure inside the body of the machine when not in use.

Adapters can get lost, misused, or broken.  Along with the introduction of the Universal Wall Connector, Tesla also disclosed that it will soon be releasing an upgrade for its mobile app. The upgrade will enable capabilities like scheduling the charging session and seeing data from previous charging activities, giving the app far broader capability.

Blink Charging (BLNK.O), ChargePoint (CHPT.N), and Tritium (DCFC.O), manufacturers of electric vehicle charging equipment, said that they will sell chargers with Tesla's connector as the conventional Combined Charging System (CCS) connector gains favour with automakers.

One of the biggest U.S. manufacturers, General Motors (GM.N), announced that it would join Ford (F.N) in adopting Tesla's (TSLA.O) formerly exclusive North American Charging Standard (NACS) port, which is expected to control 60% of the U.S. EV market with the collaborations.

It is well known that Tesla's NACS is smaller and lighter, making it simpler for drivers to use.  It will increase the number of NACS connectors in its nationwide fast charging network.

For its products and upgrades for chargers that are already in use, ChargePoint stated it will provide a NACS connector option. Tritium, an Australian company, announced it will upgrade its chargers for the American market as well as any others that choose to use the NACS connector.

The business added that the new direct current (DC) fast charger from Blink, which offers both NACS and CCS, was previewed at the Consumer Electronics Show (CES) and is in the final stages of creation.

Given recent statements by Tesla, GM, and Ford, it is evident that the EV charging business is continuing to develop as new technologies are developed and industry players get together to discuss and assess best practices.

RECENT PARTNERSHIP IN EV CONNECTOR MARKET

Siemens will receive a specialized plug-in adapter from ConnectDER, a business that enables customers to decarbonize their homes by simply adding more electric service capacity.

The new gadget will allow owners of electric vehicles (EVs) to charge their vehicles straight through the meter socket, which is a practical and effective place present in every home. The adaptor will save between 60 and 80 percent of the cost of installing the charger by avoiding the requirement to update an electric service panel in a residence.

The largest and most open network for electric vehicle (EV) charging in the world, ChargePoint, has announced a contract with Australian-based Tritium that is exclusive to the United States. The Veefil, an award-winning DC fast charging station from Tritium, will be installed by ChargePoint all throughout the nation.

With a 50kW power output, the rapid charging stations can complete up to 80 miles (or 128 kilometres) of charge in just 20 minutes. All vehicles with DC fast charging capability can be charged at Tritium stations utilising either the SAE-Combo or CHAdeMO connectors that are provided.

With the help of an adaptor that will soon be available for purchase, Tesla drivers will be able to use the CHAdeMO connector.

RECENT DEVELOPMENT AND INNOVATION IN EV CONNECTOR MARKET

500,000 chargers are expected to be installed in the network by 2030, according to a Notice of Proposed Rulemaking (NPRM) published by the US Federal Highway Administration (FHWA). Per DC fast-charging facility, the FHWA suggests a minimum of four 150-kw connectors. According to the idea, the locations should be 50 miles apart and less than a mile from roadways.

The global leader in portable chargers for electric cars (EVs), Juice Americas Inc., a U.S. subsidiary of Juice Technology AG, a Swiss company, announced that its portable two-in-one EV charger, J+ BOOSTER 2, is now available in the North American market.

With J+ BOOSTER 2, EV users can easily take their charger on the go and charge their vehicles at any regular power outlet. J+ BOOSTER 2 is built of solid, military-grade aluminium and weighs just 2.2 pounds (1 kg). The in-cable control box is so durable that even if a tank runs over it, it remains unharmed.

Eight NEMA-compliant converter plugs are provided in the accessory assortment and are simply connected using the J+ CONNECTOR, a unique plug interface developed by Juice.

General Motors declared that a new Plug and Charge service has been added to the Ultium Charge 360 ecosystem as a result of extending its current partnership with EVgo. Because charging may begin immediately after connecting in, the Plug and Charge function makes charging simple to initiate.

On a few public networks, it was already being used by Tesla (a proprietary system at Superchargers) and by some other brands, but according to GM, the automaker is the first OEM to add a Plug and Charge feature to its current and future EVs that is intended to function on a variety of North American public networks.

EV CONNECTOR MARKET COMPETITIVE LANDSCAPE

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. 

EV CONNECTOR MARKETPRODUCT DEVELOPMENT AND INNOVATION

A crucial part of Tesla's charging system that permits high-speed charging for electric cars (EVs) is the Tesla Supercharger Connector. This connector, which was created especially for Tesla vehicles, is essential in offering Tesla owners all over the world quick and effective charging options.

A unique charging connector created by Tesla is called the Supercharger Connector. It is incompatible with other electric vehicles or charging standards and was created expressly to work with Tesla's distinctive charging infrastructure.

This connector is only utilized at Tesla Supercharger locations, which are thoughtfully positioned along major thoroughfares and in significant urban centers to give Tesla owners with easy access to charging during long-distance trips and regular use.

When compared to conventional AC (Alternating Current) chargers, the Tesla Supercharger Connector's DC (Direct Current) rapid charging capabilities enable Tesla EVs to be charged at substantially higher power levels.

Because of this, Tesla customers can quickly recharge the battery in their cars, cutting down on waiting time and enhancing convenience. Tesla Superchargers can provide up to 250 kW of power, making charging sessions quick and effective.

The strong and long-lasting construction of the Tesla Supercharger Connector allows it to survive regular use and a variety of weather conditions.

To guarantee dependability and safety during charging, it combines premium components with cutting-edge innovation. The connector's secure, ergonomic grip and simple handling make it simple to put into and remove from Tesla vehicles' charging ports.

The Tesla Supercharger Connector's built-in communication features are one of its standout features. Real-time contact between the car and the charging station is made possible by this, allowing for easy communication and information sharing.

By monitoring the charging session, adjusting the charging conditions, and assuring effective power supply to the vehicle's battery, this communication enables intelligent charge management.

Tesla maintains stringent quality control over the development and deployment of the Supercharger Connector in order to guarantee compatibility and dependable functioning.

Each connector must pass meticulous testing and inspection in order to fulfill Tesla's high standards for dependability, durability, and safety. In order to improve charging efficiency and support potential future developments in EV technology, Tesla also routinely changes the Supercharger network infrastructure and connector technologies.

A key element of Tesla's dedication to environmentally friendly transportation and its vision for a future powered by renewable energy is the Tesla Supercharger Connector.

Tesla hopes to overcome issues with EV adoption, like range anxiety and charging infrastructure limits, by offering a dependable and extensive network of Supercharger stations outfitted with the Tesla Supercharger Connector.

Along with facilitating long-distance travel without sacrificing comfort or efficiency, this infrastructural upgrade and the Supercharger Connector's quick charging capabilities encourage the wider use of electric vehicles.

A highly developed and dependable charging solution for electric cars (EVs) is the Phoenix Contact CCS Connector. This connector, which was created to adhere to the Combined Charging System (CCS) standard, provides effective and high-power charging for a variety of electric vehicles.

We'll go into the characteristics, advantages, and technical details of the Phoenix Contact CCS Connector in this 700-word overview.The Phoenix Contact CCS Connector is renowned for its dependable construction and straightforward layout.

It is designed to survive daily use in a variety of charging scenarios, including as public charging stations, businesses, and private households. The connector has a tough casing built of premium materials that ensures life and resistance to deterioration.

EV CONNECTOR MARKETREPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many EV Connector Market are manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Global EV Connector Market and key vendor selection criteria
3. Where is the EV Connector Market manufactured? What is the average margin per unit?
4. Market share of Global EV Connector Market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Global EV Connector Market in-house
6. key predictions for next 5 years in Global EV Connector Market
7. Average B-2-B EV Connector Market price in all segments
8. Latest trends in EV Connector Market, by every market segment
9. The market size (both volume and value) of the EV Connector Market in 2024-2030 and every year in between?
10. Production breakup of EV Connector Market,  by suppliers and their OEM relationship