Electric Vehicle (EV) Connectors Market Report 2026

The electric vehicle (EV) connectors market size has grown exponentially in recent years. It will grow from $2.28 billion in 2025 to $2.84 billion in 2026 at a compound annual growth rate (CAGR) of 24.6%. The growth in the historic period can be attributed to ev production scaling, adoption of electronic vehicle architectures, demand for reliable power connections, growth of battery systems, automotive electrification.

The electric vehicle (EV) connectors market size is expected to see exponential growth in the next few years. It will grow to $6.28 billion in 2030 at a compound annual growth rate (CAGR) of 22%. The growth in the forecast period can be attributed to deployment of next-generation ev platforms, high-voltage system adoption, lightweight connector innovation, advanced safety compliance, global charging standard harmonization. Major trends in the forecast period include demand for high-voltage connectors, standardization across ev platforms, integration with advanced power electronics, growth of sealed connector systems, focus on safety and reliability.

The rising adoption of electric vehicles (EVs) is expected to drive the growth of the electric vehicle (EV) connectors market going forward. An electric vehicle is powered by one or more electric motors and draws electricity from a battery that can be charged from an external source. The growing adoption of EVs is fueled by increasing environmental awareness, government incentives and regulations promoting clean energy, and advancements in battery technology. EV connectors are used to link a vehicle’s charging system to an external charging station, allowing electricity to flow from the station to the vehicle’s battery. For instance, according to a report by Cox Automotive, a US-based automotive services and technology provider, in 2023, EV sales in the United States surged by 46% compared to 2022, resulting in a corresponding 22% increase in the number of charging stations nationwide. Therefore, the rising adoption of EVs is driving growth in the EV connectors market.

Major companies in the EV connectors market are developing advanced technologies, such as liquid cooling systems, to enhance the efficiency and performance of EV connectors. Liquid cooling technology circulates a liquid coolant through pipes or channels to dissipate heat from electronic components. For instance, in August 2023, Boyd Corporation, a US-based provider of thermal management, sealing, and protection solutions, in partnership with E-valucon, a US-based connector solutions company, designed a liquid-to-air cooling system for DC fast charging (DCFC) cables and connectors to enable safe and sustainable charging. This technology uses eco-friendly coolants to address thermal challenges from high-power, rapid charging in compact spaces, reducing safety risks. The solution supports faster charge cycles, space-efficient infrastructure, and deployment of publicly accessible EV charging networks in the U.S. under the NEVI Formula Program.

In March 2023, Shell USA, Inc., a US-based energy company, acquired Volta Inc. for $169 million. This acquisition allows Shell to expand its public EV charging network by integrating Volta’s existing network of over 3,000 charging points across 31 U.S. states and territories, along with a development pipeline of more than 3,400 planned additional stations. Volta Inc. is a US-based company providing public EV charging infrastructure, including hardware, media-enabled charging stations, and related services.

Major companies operating in the electric vehicle (ev) connectors market report include TE Connectivity Ltd., Amphenol Corporation, Molex LLC, Yazaki Corporation, Sumitomo Electric Industries Ltd., Fujikura Ltd., Aptiv plc, Rosenberger Hochfrequenztechnik GmbH & Co. KG, Huber+Suhner, ODU Automotive GmbH, Yamaichi Electronics Co. Ltd., Positronic, Shenglan Technology Co. Ltd., ITT Inc., Japan Aviation Electronics Industry Ltd., KET Corporation, Luxshare Precision Industry Co. Ltd., BizLink Holding Inc., Radiall, Smiths Interconnect, Weidmüller Interface GmbH & Co. KG.

Asia-Pacific was the largest region in the electric vehicle (EV) connectors market in 2025. The regions covered in the electric vehicle (ev) connectors market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the electric vehicle (ev) connectors market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The electric vehicle (EV) connectors market consists of revenues earned by entities by providing services such as power delivery, safety features, communication capabilities, and compatibility with different charging stations and vehicles. The market value includes the value of related goods sold by the service provider or included within the service offering. The electric vehicle (EV) connectors market also includes sales of connector body, electrical contacts, a locking mechanism, and insulation. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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