Overview:

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.

Regional Analysis:

Based on a region-specific analysis, the global electric vehicle connector market includes four major regions namely North America, Europe, Asia-Pacific (APAC), and the Rest of the World (RoW).

The Asia-Pacific has the lion's share in the market and during the forecast period, the region is expected to maintain its dominance. This would be possible due to the presence of countries like China and Japan. China is trying to reduce the pollution level by implementing new rules and integrating electric vehicles into the system. The entire region is witnessing a hike in the demand for electric vehicle connector market. It is expected to gain traction from other factors as well such as increasing population, urbanization, and attempts to reduce the vehicle emissions.

Europe and North America are expected to bolster this growth as these two regions are taking carbon emission quite seriously and making elaborate plans to shift towards electric vehicles.

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Segmentation:

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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About Market Research Future:

Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects. Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments.

Our deemed analysts make industrial visits and collect valuable information from influential Market players. Our main goal is to keep our clients informed of new opportunities and challenges in various Market Covid-19 Impacts. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.

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