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EV Connector Market Share

Report ID: GMI8112
Published Date: Feb 2024
Report Format: PDF

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EV Connector Market Share

Hirose Electric Co., Ltd. and Molex hold a significant market share of over 9% in the EV connector industry. The major players dominate with their extensive product portfolios, technological expertise, and global presence. These companies continuously innovate to meet the evolving industry standards and customer demands.

Emerging players are gaining traction by focusing on advanced connector technologies, strategic partnerships, and investments in research & development to capture a larger market share in the rapidly growing EV ecosystem.

EV Connector Market Companies

Major companies operating in the EV connector industry are:

Amphenol Corporation
Aptiv
Hirose Electric Co., Ltd.
Hirschmann Automotive GmbH
ITT Inc.
Molex
Rosenberger Hochfrequenztechnik GmbH & Co. KG
Sumitomo Electric Industries, Ltd.
TE Connectivity
YAZAKI Corporation

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of EV connector reached USD 3.1 billion in 2023 and is set to expand at over 14% CAGR between 2024 and 2032, propelled by the increasing deployment of Electric Vehicle Supply Equipment (EVSE) ports within the EV charging infrastructure.

DC connectors segment accounted for around 44% of the market share in 2023, attributed to the fast-charging capabilities of DC connectors.

Asia Pacific market held more than 39% of revenue share in 2023, owing to the increasing investments in the development of charging infrastructure across the region.

The leading companies such as Amphenol Corporation, Aptiv, Hirose Electric Co., Ltd., Hirschmann Automotive GmbH, ITT Inc., Molex, Rosenberger Hochfrequenztechnik GmbH & Co. KG, Sumitomo Electric Industries, Ltd., TE Connectivity, and YAZAKI Corporation.