Global EV Charging Adapter Market 2017-2021
About EV Charging Adapter
An EV charging adapter connects the charging unit to the EV. An EV charger primarily consists of an inlet plug socket (on the vehicle) and an outlet plug socket (at the charging station). These plugs can be either SAE J1772 or IEC 62196. Based on the standard, the other components such as the charging cables, plugs, and adapters/connectors are selected.
Technavio’s analysts forecast the global EV charging adapter market to grow at a CAGR of 50.31% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global EV charging adapter market for 2017-2021. To calculate the market size, the report considers sales volume and exclude market sizing by revenue.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global EV Charging Adapter Market 2017-2021
Technavio recognizes the following companies as the key players in the global EV charging adapter market: ABB, AeroVironment, Robert Bosch, and Delphi Automotive.
Other Prominent Vendors in the market are: AddÉnergie Technologies, ChargePoint, Eaton, Efacec, Leviton Manufacturing, POD point, and Signet Electronic Systems.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is focus on reducing charging time. Technological innovations have led to the development of high-energy batteries. Manufacturers are focusing on developing charging infrastructure and reducing charging time and cost.”
According to the report, one driver in the market is growing sales of PEVs in China, Japan, the US, and other countries. The development and adoption of green vehicles reduce GHG levels in the atmosphere to an acceptable level. These vehicles run on alternative sources of energy like electricity, hybrid energy, and other power sources such as solar energy, wind energy, or biofuels. Stringent emission norms are implemented to reduce GHG emissions.
Further, the report states that one challenge in the market is increasing cost pressure adversely affecting the sales of AC level 2 and DC fast chargers. Due to the increasing number of road accidents and rising traffic congestion, governments across the world are emphasizing safety features in vehicles. Safety systems, such as the antilock braking system (ABS), airbags, tire pressure monitoring system (TPMS), and a few others, have made customers more aware of safety features.
BB, AeroVironment, Robert Bosch, Delphi Automotive, AddÉnergie Technologies, ChargePoint, Eaton, Efacec, Leviton Manufacturing, POD point, and Signet Electronic Systems.
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