- Summary
- Table Of Content
- Methodology
EV Connector Market Size:
EV Connector Market size is estimated to reach over USD 14,156.54 Million by 2032 from a value of USD 2,974.80 Million in 2024 and is projected to grow by USD 3,563.51 Million in 2025, growing at a CAGR of 24.2% from 2025 to 2032.
EV Connector Market Scope & Overview:
EV connector is an electromechanical device which is used to connect electrical circuit and electrical conductors. Electric vehicle connector is easy to use detachable connector which allows EV owners to safely and quickly charge batteries of electric vehicles using residential and commercial charging systems. Further, EV connector is compact and powerful which provides a high-quality connection for charging battery of vehicle. Additionally, electric vehicle charger connector enables charging vehicles at homes, shopping complexes, office buildings, hotels, retail centers, restaurants and others. Moreover EV connector offers various benefits including convenience, cheaper EV charging, environmental benefits, low cost, fast charging, and others.
EV Connector Market Dynamics - (DRO) :
Key Drivers:
Rising EV adoption is driving the EV connector market growth
There is a rising trend towards adoption of electric vehicles over traditional combustion engines due to its various factors including growing consumer concerns about climate change, energy saving, advancements in battery technology, and others. Further, the increasing utilization of electric vehicles is driven by increasing affordability in electric vehicles and improved battery life of EVs which enables travelling of more distance on a single charge. Moreover, rising government support for clean and green energy solutions in mobility such as battery electric vehicles and plug-in hybrid electric vehicles are driving the market.
- For instance, according to the IEA (International Energy Agency), 14 million total electric vehicles were sold in 2023, which is a significant increase of 35 percent as compared to 2022.
Thus, the rising adoption of electric vehicles globally is driving the EV connector market size.
Key Restraints:
Factors including high installation cost, maintenance costs, and others associated with EV charging systems are restraining the EV connector market growth
The primary limitations associated with electric vehicle charging solution includes limited lifespan of charging equipment, high initial costs, maintenance costs, and others. Further, setting up an electric vehicle charging station costs a significant investment including labor, equipment, and others.
Moreover, rising concerns associated with shorter lifespan of electric vehicle connectors hinder the widespread adoption of electric vehicle, as the cost of replacing charging equipment costs significantly higher. Thus, the above factors are further hampering the adoption of electric vehicles globally, which in turn constraining the EV connector market expansion.
Future Opportunities :
Rising developments and investments associated with EV charging infrastructure are expected to drive the EV connector market opportunities
There is an increase in developments and advancements associated with electric vehicle infrastructure including battery swapping stations, charging infrastructure, and others. Further, there is a rise in implementation of charging systems in residential and commercial workplaces which makes it convenient to the consumers for accessing chargers. Additionally, countries such as China and Europe are increasingly investing in implementing publically available charging stations to boost the overall adoption of electric vehicles, which in turn driving the utilization of electric vehicle connector.
- For instance, in December 2022, the European Commission approved USD 1.9 Billion German scheme to support high power charging infrastructure for EVs under EU State aid rules.
Thus, as per the EV connector market analysis, rising investments in high power charging infrastructure are driving the global EV connector market opportunities.
EV Connector Market Segmental Analysis :
By Connector Type:
Based on Connector Type, the market is segmented into Type 1, Type 2, CHAdeMo, CCS, GB/T, and others.
Trends in the Connector Type:
- There is an increasing trend towards adoption of Type 1 connector in North America and Japan for Level 1 and Level 2 charging.
- Rising adoption of CHAdeMo connector type for industrial purpose in sockets and plugs, and couplers.
GB/T accounted for the largest revenue in the total EV connector market share in 2024.
- GB/T connector refers to Guobiao/T standard connector, which is a type of charging connector that is developed by China in DC and AC charging.
- Further, GB/T connector comes in a single plug with seven pins and available in a voltage range of 1,000 volts AC or DC.
- Moreover, GB/T 27930 protocol is used for supporting communication between the charger and the vehicle due to its various benefits including status monitoring, charging control, and automatic authentication.
- For instance, Servotech Power Systems partnered with Electra EV and developed interoperability solutions CCS2 and GB/T protocols for which it enabled fast DC charging of any GB/T Bharat DC 001 vehicle.
- Thus, the rising collaborations and developments associated with GB/T connector are driving the EV connector market size.
CCS segment is anticipated to register the fastest CAGR during the forecast period.
- CCS stands for combined charging system which is a type of fast charging connector for EVs and it is widely adopted across North America and Europe.
- Further, CCS uses slow-charging Type 2 connector with two added extra DC power lines for operating in higher voltage than the standard connector type. Moreover, CCS connectors operates in different ranges from 50-350kW.
- For instance, in December 2024, Hyundai announced that new owners of Hyundai EV will be able to apply for a NACS adapter who have bought EVs before January 31, 2025, which will provide support to CCS-port equipped Hyundai electric vehicles across more than 20,000 Tesla Superchargers in the US.
- Thus, the rising advancements in CCS connector are driving the EV connector market trends.
By Power Source:
Based on the power source, the market is segmented into AC and DC.
Trends in the Power Source:
- There is an increasing trend towards adoption of DC converter for enabling fast charging speeds.
- Increasing utilization of AC chargers in residential apartments due to various benefits including low cost in maintenance and installation.
DC segment accounted for the largest revenue in the total EV connector market in 2024 and it is anticipated to register the fastest CAGR during the forecast period.
- The DC charging converter is used for providing faster charging with improved power levels from 50kW to 100kW.
- Further, DC converter has improved charging bypasses for charging the battery faster to reduce the overall time in charging an EV.
- Additionally, DC converter offers various benefits including compatibility with high-voltage batteries, fast charging speed, high charging efficiency, flexibility, and others.
- For instance, CUI launched PGNP-S & PGNM-S series of isolated DC-DC converters, which is used in EV charging with a 1:1 input voltage range.
- Thus, the rising advancements in DC converter of electric vehicles for fast charging are driving the EV connector market trends.
By Technology:
Based on the technology, the market is segmented into BEV and PHEV.
Trends in the Technology:
- Rising adoption of battery electric vehicles in Europe due to its reduced carbon footprint and less environmental impact.
- Increasing utilization of PHEV in India due to its improved fuel economy, lower fuel costs, reduced carbon emissions and others.
BEV segment accounted for the largest in the total market share in 2024 and it is anticipated to register a substantial CAGR growth during the forecast period.
- BEVs stands for battery electric vehicles which is powered by lithium-ion battery operated electric motor and charged through power grid.
- Further, BEV offer various benefits such as zero emissions, lower operating costs, instant torque and acceleration, government incentives, and others.
- Additionally, battery electric vehicles is a type of vehicle which do not utilize combustion engines for providing power source to the motor.
- For instance, according to the International Energy Agency, the total number of electric vehicle sales in China reached up to 21.9 million in 2023, in which BEV accounted for 16.1 million.
- Hence, the rising adoption of battery electric vehicles are driving the EV connector market.
By Vehicle Type:
Based on the vehicle type, the market is segmented into passenger vehicles and commercial vehicles.
Trends in the vehicle Type:
- There is an increasing adoption of electric passenger cars due to availability of wide range of eco-friendliness, models, and prevalence of several government incentives.
- Increasing support of policies in countries such as India for electrifying public transport such as buses, trucks, and others.
Passenger vehicles segment accounted for a significant revenue in the total market share in 2024.
- Passenger vehicles refer to vehicles which carries passengers from one place to another with maximum seating of nine individuals including the driver.
- Factors including the advancements in autonomous driving systems, rising expenditure of income, and rising popularity of SUVs and luxury cars are the crucial factors which are driving the passenger vehicle segment.
- For instance, according to the International Organization of Motor Vehicle Manufacturers, the global sales of passenger car reached up to 65.27 million in 2023, representing an increase of 11.3% from 58.64 million in 2022.
- According to the analysis, the rising adoption of passenger vehicles are driving the EV connector market.
Commercial vehicles anticipated to register fastest CAGR during the forecast period.
- A commercial vehicle refers to 3 and 4 wheel vehicles which is designed for transporting raw materials and goods.
- Further, commercial vehicle consists of heavy trucks, light to medium commercial vehicles, buses and coaches.
- Additionally, commercial vehicles such as trucks are widely used in various industrial applications including retail, logistics, and manufacturing.
- For instance, according to International Energy Agency, several countries including Switzerland, Norway, China, and Belgium achieved 50% share in sales of electric medium and large buses in 2023.
- According to the analysis, the rising adoption of commercial vehicles including medium and large buses are expected to boost the market during the forecast period.
By Application:
Based on the application, the market is segmented into residential charging, commercial charging, and others.
Trends in the Application:
- There is an increasing adoption of commercial charging in shopping centers, commercial complexes, retail stores, and others.
- Increasing advancements in residential charging solutions for charging electric vehicle overnight with minimal maintenance of charging system.
Residential charging segment accounted for a significant revenue of 40.12% in the total market share in 2024.
- Residential charging is a specialized charging system which refers to charging of an electric vehicle at home with AC Level 1 and AC Level 2 power supply.
- Further, it includes various components such as connectors, power supply, cables, safety board, and others for charging an EV within safe and secure environment.
- Additionally, most of the electric vehicle owners use Level 1 equipment for charging in overnight with benefits such as less installation cost and low charging cost of the battery.
- For instance, in August 2023, Hypercharge launched Hypercharge Home Level 2 EV Charger, which can be integrated to residential homes for charging the battery of an electric vehicle.
- According to the analysis, the rising advancements in residential charging systems for charging EV batteries are driving the EV connector market.
Commercial charging anticipated to register fastest CAGR during the forecast period.
- Commercial electric vehicle charging refers to operating and installing EV charging stations at public or semi-public locations such as office buildings, hotels, retail centers, restaurants and garages or parking lots.
- Further, commercial electric vehicle charging station installation mainly comprises of transformer, substation equipment, and safety equipment.
- For instance, in January 2023, Blink Charging Co. launched various charging products at CES 2023 including series 3, a versatile and flexible EV charging solution, which can be implemented in commercial parking areas.
- According to the analysis, the rising advancements and investments in commercial charging solutions is expected to boost the market during the forecast period.
Regional Analysis:
The regions covered are North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
Asia Pacific region was valued at USD 1,050.33 Million in 2024. Moreover, it is projected to grow by USD 1,261.44 Million in 2025 and reach over USD 5,152.98 Million by 2032. Out of this, China accounted for the maximum revenue share of 36.1%. As per the EV connector market analysis, there is an increasing adoption of electric vehicles, particularly in countries such as China, India, and Japan, due to various government incentive programs and policies for supporting adoption of electric vehicle. The rapid development and growing investments in electric vehicle charging infrastructure are accelerating the EV connector market expansion.
- For instance, in 2024, according to IEA (International Energy Agency), China accounted for 60% of the total new electric car registrations worldwide in 2023. Rising adoption of electric vehicles is driving the electric vehicle connector market in the Asia pacific Region.
North America is estimated to reach over USD 3,624.07 Million by 2032 from a value of USD 768.80 Million in 2024 and is projected to grow by USD 920.22 Million in 2025. In North America, the growth of EV connector industry is driven by the rising demand of advanced charging solutions. Rising adoption of electric vehicles including passenger vehicles and commercial vehicles such as buses and trucks are also driving the market growth. Further, increasing government incentive programs and supporting manufacturing policies for driving the adoption of electric vehicles are massively contributing growth in EV connector market demand.
- For instance, according to International Energy Agency (IEA), the total sales of electric vehicles reached 4.8 million in 2023 in United States, depicting an increase from 3 million in 2022. The above factor are further expected to drive the market growth in North America during the forecast period.
The regional analysis depicts that the rising investments and stringent government regulations are increasing the adoption of electric passenger and electric vehicles, which in turn driving the EV connector market demand in Europe. Further, as per the market analysis, the primary factor driving the market growth in the Middle East and African region includes increasing investment in electric vehicle infrastructure and growing electric vehicle industry. The rising demand for reduced carbon footprint in developed nations and supportive government policies in electric vehicle industry are driving the market demand in the Latin America region.
Top Key Players and Market Share Insights:
The EV connector market is highly competitive with major players providing services to the national and international markets. Key players are adopting several strategies in research and development (R&D), product innovation, and end-user launches to hold a strong position in the global EV connector market. Key players in the EV connector industry include -
Recent Industry Developments :
Product Launch:
- In February 2024, ITT Cannon launched CCS2 EV connector with improved performance and high amperage solutions including 200 A, 250 A and 300 A variant.
- In August 2023, JAE launched KW11 Series connectors for EV charging, which supports CCS Type-1 fast electric vehicle charging infrastructure.
EV Connector Market Report Insights :
| Report Attributes | Report Details |
| Study Timeline | 2019-2032 |
| Market Size in 2032 | USD 14,156.54 Million |
| CAGR (2025-2032) | 24.2% |
| By Connector Type |
|
| By Power Source |
|
| By Technology |
|
| By Vehicle Type |
|
| By Application |
|
| By Region |
|
| Key Players |
|
| North America | U.S. Canada Mexico |
| Europe | U.K. Germany France Spain Italy Russia Benelux Rest of Europe |
| APAC | China South Korea Japan India Australia ASEAN Rest of Asia-Pacific |
| Middle East and Africa | GCC Turkey South Africa Rest of MEA |
| LATAM | Brazil Argentina Chile Rest of LATAM |
| Report Coverage |
|
Key Questions Answered in the Report
How big is the EV connector market? +
The EV connector market was valued at USD 2,974.80 Million in 2024 and is projected to grow to USD 14,156.54 Million by 2032.
Which is the fastest-growing region in the EV connector market? +
Asia-Pacific is the region experiencing the most rapid growth in the EV connector market.
What specific segmentation details are covered in the EV connector report? +
The EV connector report includes specific segmentation details for connector type, power source, technology, vehicle type, application and region.
Who are the major players in the EV connector market? +
The key participants in the EV connector market are The key participants in the EV connector market are Amphenol (US), Fujikura (Japan), ABB (Switzerland), Bosch (Germany), Huber+Suhner (Switzerland), Schneider Electric (France), Yazaki (Japan), Sumitomo (Japan), Siemens AG (Germany), and Tesla (US).
