EV Charging Connectors Market Size, Share, Opportunities, And Trends By Product Type (Wall Connector, Charge Plug Connector), By Speed (Slow Charging, Rapid Charging), By Socket Type (Type 1, Type 2), By Vehicle Type (Battery Electric Vehicle, Plug-in Hybrid Electric Vehicle, Hybrid Electric Vehicle), And By Geography - Forecasts From 2024 To 2029

The EV charging connectors market is anticipated to expand at a CAGR of 19.53% to attain US$233.453 million by 2029 from US$95.672 million in 2024.

The electric vehicle (EV) charging connector is among the most critical components in EV charging infrastructure, as the connector transmits electric energy from the charging boards to the automobiles. EV charging connectors are often used by EV charging stations or residential charging infrastructure. These connectors provide a wide range of charging power output and charging timeframes. The EV connector makes it easier for an electric car's battery to be connected to the charging source, ensuring power is timed with the batteries.

The EV charging connectors offer multiple benefits to the users, like ensuring flexibility and convenience for the EV operators to charge from a wide range of EV chargers. These connectors also help to lower energy costs and promote sustainability for EV drivers. The market for EV charging connections is projected to grow significantly due to the increasing demand for electric vehicles. The global demand for electric vehicles has observed massive growth in the past few years, majorly due to the growing public perceptions towards an eco-friendly transport model and increasing governmental initiatives and investments for EV chargers.

What Are the EV Charging Connectors Market Growth Drivers?

• The rising demand for electric vehicles is expected to drive the market growth

One of the major driving factors forecasted to propel the global EV charging connector market growth is the rising demand for electric vehicles worldwide. This growth is expected to increase the number of publically available EV chargers and charging stations worldwide.

Furthermore, the increased awareness of carbon emissions and tight emission requirements is expected to drive EV sales forward, simultaneously driving the charging connection market forward.

The global sales of EVs have grown significantly over the years. The global BEV & PHEV sales report by EV Volumes stated that in 2021, 6,774 thousand EVs were sold, which grew to about 10,524 thousand units in 2022. The total BEV and PHEV sales in the global market grew to 14,182 thousand units in 2023, an increase of about 35% from previous years.

Furthermore, the total electric car stock worldwide has also grown significantly during the past few years. The International Energy Agency, a global organization, stated that Europe had a total battery electric vehicle (BEV) of about 2.9 million, and the USA had 1.5 million BEV stock in 2021. The BEV stock of Europe and the USA grew massively to 4.4 million and 2.1 million, respectively, in 2022. This figure rose to 6.7 million in Europe and 3.5 million in the USA in 2023.

What Are the Key Geographical Trends Shaping the EV Charging Connectors Market?

• Asia Pacific is forecasted to hold a major share of the EV Charging Connectors Market.

The Asian Pacific region is forecasted to attain a greater market share in the global EV charging connectors market. The major driving factors for this market’s growth are the increasing demand for EVs across the region and governmental investments in developing the EV charging infrastructure.

Some of the major countries in the Asian Pacific region, like China, Japan, and India, have introduced key initiatives that are expected to boost the EV charging connectors market in this region.

The Asian Pacific region is among the biggest markets for EVs, with China being the biggest producer and consumer of electric vehicles. The International Energy Agency (IEA), in its global report, stated that in 2021, the total EV stock in China was recorded at about 6.2 million, which significantly grew to 10.7 million units in 2022. The total BEV stock in the nation in 2023 was estimated at 16.1 million, almost half of the global BEV stock in the same year. Similarly, EV sales in the nation have also grown massively over the past few years. The total EV sales in China were recorded at about 3.3 million in 2021, which increased to 6 million in 2022, finally reaching 8.1 million in 2023.

EV Charging Connectors Market Players and Products:

• Sumitomo Electric is a Japanese multinational corporation that offers products and solutions for multiple markets like telecoms, defense & radar, environment & energy, and data centers. The products of the company include fusion splicers & tools, optical fiber cables, optical connectivity, electron devices, fiber management & closure, EV connectors, environment & energy, and water treatment filters. The company offers CHADEMO DC fast chargers in three variants in the global EV charging connector market. The EV connector features a user-friendly solution that can be used with Vehicle-To-Home (V2X) or high-power charging stations.
• Fujikura is a Japanese multinational corporation that offers products across multiple industries, including telecommunications, energy, transportation, industry, medical, and digital electronics. The product catalogs of the company include telecommunication business, automotive products, energy business, new business development area, and real estate business.

The company offers two different types of EV charger connectors: DC Charging Connector (CHAdeMO) and DC Charging Connector (CCS Type 2). These EV connectors offer improved security with a better locking mechanism, simple operations, and higher insulation performance. They are also highly durable, with the company claiming the charger can be used more than 10,000 times for insertion and extraction.

Recent Developments in the EV Charging Connectors Market:

• In August 2024, Enphase Energy, Inc., a global energy technology corporation, announced that it has introduced its NACS Connectors for the IQ EV chargers for the US and Canadian markets. Its latest J1772 connector is set to increase the compatibility of the EVs with the charging stations while maintaining the same functionality. The company also offers a 5-year limited warranty on the connectors and chargers.
• In August 2024, ChargePoint Holdings Inc., one of the major innovators in the EV charging industry, launched a charging connector that fits almost all types of EVs. With the launch of its Omni Port Adaptable charging solution, the company aimed to eliminate the confusion in the EV charging sector. The company made the Omni Port solution publically available in North America.

EV Charging Connectors Market Scope:

Report Metric	Details
EV Charging Connectors Market Size in 2024	US$95.672 million
EV Charging Connectors Market Size in 2029	US$233.453 million
Growth Rate	CAGR of 19.53%
Study Period	2019 to 2029
Historical Data	2019 to 2022
Base Year	2024
Forecast Period	2024 – 2029
Forecast Unit (Value)	USD Million
Segmentation	Product Type Speed Socket Type Vehicle Type Geography
Geographical Segmentation	North America, South America, Europe, Middle East and Africa, Asia Pacific
List of Major Companies in EV Charging Connectors Market	Degson Zhengzhou Saichuan Electronic Technology Co., Ltd. iConnector Technology Co., Ltd. Amphenol Corporation Fujikura Ltd.
Customization Scope	Free report customization with purchase

 

The EV Charging Connectors Market is segmented and analyzed as follows:

• By Product Type
  • Wall Connector
  • Charge Plug Connector
• By Speed
  • Slow Charging
  • Rapid Charging
• By Socket Type
  • Type 1
  • Type 2
• By Vehicle Type
  • Battery Electric Vehicle
  • Plug-in Hybrid Electric Vehicle
  • Hybrid Electric Vehicle
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    •  Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Suadi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • Others

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key benefits for the stakeholders

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Key Findings

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. The Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View

5. EV CHARGING CONNECTORS MARKET BY PRODUCT TYPE

5.1. Introduction

5.2. Wall Connector

5.3. Charge Plug Connector

6. EV CHARGING CONNECTORS MARKET BY SPEED

6.1. Introduction

6.2. Slow Charging

6.3. Rapid Charging

7. EV CHARGING CONNECTORS MARKET BY SOCKET TYPE

7.1. Introduction

7.2. Type 1

7.3. Type 2

8. EV CHARGING CONNECTORS MARKET BY VEHICLE TYPE

8.1. Introduction

8.2. Battery Electric Vehicle

8.3. Plug-in Hybrid Electric Vehicle

8.4. Hybrid Electric Vehicle

9. EV CHARGING CONNECTORS MARKET BY GEOGRAPHY

9.1. Introduction

9.1. North America

9.1.1. By Product Type

9.1.2. By Speed

9.1.3. By Socket Type

9.1.4. By Vehicle Type

9.1.5. By Country

9.1.5.1. United States of America

9.1.5.2. Canada

9.1.5.3. Mexico

9.2. South America

9.2.1. By Product Type

9.2.2. By Speed

9.2.3. By Socket Type

9.2.4. By Vehicle Type

9.2.5. By Country

9.2.5.1. Brazil

9.2.5.2. Argentina

9.2.5.3. Others

9.3. Europe

9.3.1. By Product Type

9.3.2. By Speed

9.3.3. By Socket Type

9.3.4. By Vehicle Type

9.3.5. By Country

9.3.5.1. Germany

9.3.5.2. United Kingdom

9.3.5.3. France

9.3.5.4. Spain

9.3.5.5. Others

9.4. Middle East and Africa

9.4.1. By Product Type

9.4.2. By Speed

9.4.3. By Socket Type

9.4.4. By Vehicle Type

9.4.5. By Country

9.4.5.1. Saudi Arabia

9.4.5.2. UAE

9.4.5.3. Others

9.5. Asia Pacific

9.5.1. By Product Type

9.5.2. By Speed

9.5.3. By Socket Type

9.5.4. By Vehicle Type

9.5.5. By Country

9.5.5.1. China

9.5.5.2. Japan

9.5.5.3. South Korea

9.5.5.4. India

9.5.5.5. Australia

9.5.5.6. Others

10. COMPETITIVE ENVIRONMENT AND ANALYSIS

10.1. Major Players and Strategy Analysis

10.2. Market Share Analysis

10.3. Mergers, Acquisitions, Agreements, and Collaborations

10.4. Competitive Dashboard

11. COMPANY PROFILES 

11.1. Degson

11.2. Zhengzhou Saichuan Electronic Technology Co., Ltd.

11.3. iConnector Technology Co., Ltd.

11.4. Amphenol Corporation

11.5. Fujikura Ltd.

11.6. Sumitomo Electric

11.7. Chongqing Senku Machinery IMP and EXP CO., LTD

11.8. Workersbee

11.9. Sichuan Green Science & Technology Co. Ltd

11.10. Guchen Electronics

11.11. Japan Aviation Electronics Industry, Ltd.

11.12. Japan Energy Components Co., Ltd.

11.13. Enphase Energy

Degson 

Zhengzhou Saichuan Electronic Technology Co., Ltd. 

iConnector Technology Co., Ltd. 

Amphenol Corporation 

Fujikura Ltd. 

Sumitomo Electric 

Chongqing Senku Machinery IMP and EXP CO., LTD 

Workersbee 

Sichuan Green Science & Technology Co. Ltd 

Guchen Electronics 

Japan Aviation Electronics Industry, Ltd. 

Japan Energy Components Co., Ltd.

Enphase Energy