Electric Vehicle Connector Market: [USD 48 Million to USD 85 Million, Detailed Report]
The global electric vehicle (EV) connector market stood at USD 48 million in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 9.1% during the forecast period from 2024 to 2028. This expansion is driven by the rising adoption of electric vehicles globally, evolving charging infrastructure, continuous technological advancements, and the increased popularity of shared mobility services. EV connectors serve as the essential link between electric vehicles and charging stations, playing a pivotal role in ensuring energy transfer efficiency and operational safety. As governments and industries around the world commit to reducing greenhouse gas emissions, the EV sector is undergoing a major transformation. EV connectors are at the heart of this transformation, enabling seamless charging and supporting the transition to clean transportation. This report delves into the core dynamics of the EV connector market, examining key growth factors, regi...