Electric Vehicle Charging Connector Market Procurement Intelligence Day One Analysis Report, 2020 - 2025

EV Charging Connector Category Intelligence

The global electric vehicle charging connecter market is expected to witness a boost as fuel prices are rising across the world. Electric vehicles have become the most obvious alternative for both consumer and automotive manufacturers. The global sales of electric vehicles in 2020 have crossed a 2 million mark despite the Covid-19 pandemic. Moreover, the sales are expected to increase by 20% to 30% in 2021. APAC and Europe are leading the market with 56% and 28% share respectively followed by North America (16%). This growth is majorly propelled by the favorable government policies in many countries. For instance, Chinese regulations enable the automakers in the country to meet their annual new vehicle efficiency standards by purchasing emissions credits that are generated by the sale of EVs, with the rate of credit higher for vehicles with advanced performance such as greater battery efficiency or range, but lower for plug-in hybrids.

 

As e-mobility continues to gain traction in both consumer and commercial markets, the role of EV charging connectors in protecting the electrical grid, vehicle functionality, and financial transactions from security breaches is becoming very important. Organizations such as UL, ISO, and IEC are working to standardize and meet these goals. Alongside protecting charging processes, safeguarding financial transactions is also important in charging infrastructure. Most EV drivers who charge on the road have to sign up in advance for charging networks to access paid chargers. Level 2 and Level 3 chargers require payment, often using membership cards that link charging networks to a financial network capable of processing credit card payments. To counter this challenge Tesla comes up with a connector pair that enables drivers to pull up to a Supercharger and plugin, instantly sharing information that allows the Supercharger to identify the specific car and link to the financial system for contactless payment. The intelligence embedded in Tesla’s proprietary connector configuration allows Tesla to set up Supercharging stations that do not have employees to manage cash or charge transactions.


 EV Charging Connector Category Intelligence Highlights:

 

  • EV charging connector suppliers are collaborating with regional players to benefit from their knowledge of the local market, and maintain high profit margins, low overhead costs, and their overall competitiveness in the market
     
     
  • The 3PL market features a highly fragmented competitive landscape and several small players are entering the market
     
     
  • Suppliers widely prefer approved provider operating models to reduce risks and improve the potential for value creation

 

 

Cost Intelligence Highlights:


Grand View Research has identified the following key cost components for availing EV charging connector manufacturing:

 

  • Raw Materials
     
     
    1. Thermoplastic
       
       
    2. Tough Pitch Copper
       
       
    3. Brass
       
       
    4. Stainless Steel
       
       
    5. Others
       
       
  • Energy
     
     
  • Labor
     
     
  • SG&A Overheads and R&D
     
     
  • Working Capital
     
     
  • Taxes
     
     
  • Profit

 

Raw material, labor, and energy are the major cost components of an EV Charging Connector, accounts more than 60% of the total cost of manufacturing.

 

View report summary: Electric Vehicle Charging Connector Market Procurement Intelligence Report 

 

List of Key Suppliers in the EV Charging Connector Category

 

  • TE Connectivity
     
     
  • Robert Bosch GmbH
     
     
  • Siemens
     
     
  • Tesla
     
     
  • Fujikura Ltd.
     
     
  • HUBER+SUHNER
     
     
  • YAZAKI Corporation
     
     
  • Sumitomo Corporation
     
     
  • ABB
     
     
  • Schneider Electric

 

Check out the featured Addon Services offered with Electric Vehicle Charging Connector Market Procurement Intelligence Report:

 

About us: 

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of the supply chain which helps in efficient procurement decisions.

 

Our services include (not limited to):

 

  • Market Intelligence involving - market size and forecast, growth factors, and driving trends
  • Price and Cost Intelligence - pricing models adopted for the category, the total cost of ownership
  • Supplier Intelligence - rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
  • Sourcing / Procurement Intelligence - best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best-suited countries for sourcing to minimize supply chain disruption

 

Our market/procurement Intelligence reports include in-depth and actionable insights that help clients in understanding the different aspects of the supply chain and take more effective decisions.

 

Find More information @ https://www.grandviewresearch.com/pipeline 

Contact Information:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

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