The Electric Vehicle (EV) Charging Connector Market in Europe to grow by USD 48.11 million from 2021 to 2026

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24 Aug, 2023, 18:45 ET

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NEW YORK, Aug. 24, 2023 /PRNewswire/ -- The electric vehicle (EV) charging connector market in Europe is forecast to increase by USD 48.11 million from 2021 to 2026, at a CAGR of 16.59%, according to a recent market study by Technavio. The growth of the market will be driven by the Increasing adoption of EVs, favorable regulatory policies related to EVs, and rising investment in EV charging infrastructure. Charts & data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download The Sample Report

Electric Vehicle (EV) Charging Connector Market In Europe – Company Scope

Technavio has extensively analyzed 15 major companies, including ABB Ltd., Alfen NV, Allego BV, Amphenol Corp., BP Plc, ChargePoint Inc., EFACEC Power Solutions SGPS SA, Fujikura Co. Ltd., HUBER+SUHNER AG, ITT Inc., Lumberg Holding GmbH and Co. KG, Robert Bosch GmbH, Schneider Electric SE, Siemens AG, Sumitomo Corp., TE Connectivity Ltd., Tesla Inc., Webasto SE, and Yazaki Corp.

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Electric Vehicle (EV) Charging Connector Market In Europe - Segmentation Assessment

The market is segmented by speed (slow charging, fast charging, and rapid charging) and geography (France, the UK, Germany, Norway, and the Rest of Europe)

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Electric Vehicle (EV) Charging Connector Market in Europe – Market Dynamics

Key Driver

The increasing adoption of EVs is a key factor driving market growth. The main factor that increases the use of electric vehicles is the ability to reduce or eliminate the use of gasoline or diesel., the implementation of policies such as increasing gasoline and diesel prices and direct subsidies for electric vehicles are also driving a significant portion of the population to switch to electric vehicles from mobile vehicles despite the high costs associated with electric vehicles. Hence, these factors are expected to drive market growth during the forecast period.

Major Trend - The emergence of connected EVs is a major trend in the market.

Significant Challenge - The strong dominance of ICE-powered vehicles is a significant challenge restricting market growth.

Drivers, Trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report! - Request a sample report!

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Related Reports

The electric vehicle (EV) charging cable market size is estimated to grow at a CAGR of 29.86% between 2022 and 2027. The market size is forecast to increase by USD 1,840.14 million. This EV charging cable market report extensively covers market segmentation by application (private charging and public charging), type (straight cable and coiled cable), and geography (APAC, Europe, North America, South America, and the Middle East and Africa). Fuel emission and efficiency regulations are the key factors driving the adoption of EVs and chargers.

The electric vehicle (EV) charging station market is estimated to grow at a CAGR of 20.62% between 2022 and 2027. The market size is forecasted to increase by USD 19,024.88 million. This electric vehicle (EV) charging station market report extensively covers market segmentation by type (AC and DC), end-user (commercial and residential), and geography (APAC, Europe, North America, South America, and the Middle East and Africa). Government subsidies and incentives are notably driving the electric vehicle charging station market.

Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Speed

7 Customer Landscape

8 Geographic Landscape

9 Drivers, Challenges, and Trends

10 Company Landscape

11 Company Analysis

12 Appendix

About USTechnavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Website: www.technavio.com

SOURCE Technavio