2018 global electric vehicle connector market size reached 30 million US dollars
According to the latest research report released by Markets and Markets, the global electric vehicle connector market is about 30 million US dollars in 2018. It is expected to increase to 98 million US dollars by 2025, with a compound annual growth rate of 18.44%. The increase in sales of electric vehicles and the consequent increase in demand for charging stations are the main reasons for the steady and rapid development of electric vehicle connectors. The electric vehicle connector can act as an electric vehicle coupler with the charging poles required for power transmission. The connector helps establish the connection of the battery to the charging point. Different EV connectors provide different current and power charging capabilities to increase efficiency. By type, the increased demand for fast charging points is expected to drive the development of the electric vehicle connector market. GB/T is the largest of all Type 1 charging points and is expected to show significant gro...