Electric Vehicle Charging Connector Procurement Intelligence
In this electric vehicle charging connector procurement intelligence report, we have estimated the key cost components associated with its production. Raw materials/wires/ cables, energy/ electricity, machining/tooling/laser/ equipment, labor, mounting accessories, housing and packaging, and facilities are some of the important cost components. Different raw materials such as steel, copper, and aluminum are used in the wiring of electrical components. For the inner sheath and outer jacket of the cables, polymer materials, polycarbonate or polycarbonate blends are mainly used. Rubbers are used for insulation covers. Copper is one of the important cost components due to its high electrical conductivity and reliability.
In Q4 2023, polycarbonate prices in the North American region witnessed a bearish momentum due to low domestic and international demand. The low demand can be attributed to the oversupply of the product. Compared to Q3 2023, polycarbonate prices declined by 22% in Mexico in the first half of the fourth quarter. However, at the end of Q4, in Mexico, polycarbonate (GP grade) had stable prices as supply was consistent to meet the trader’s requirements. At the end of December 2023, polycarbonate prices reached USD 2,754 per metric ton in the NA region. In the European region, prices reached USD 2,927 per metric ton at the end of 2023. In Asia, prices reached USD 2,347 per metric ton at the end of 2023.
Order your copy of the Electric Vehicle Charging Connector category procurement intelligence report 2023-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis
Operational Capabilities - Electric Vehicle Charging Connector
- Geographical Presence - 25%
- Years In Service - 20%
- Revenue Generated - 13%
- Employee Strength - 13%
- Industries Served - 10%
- Certifications - 10%
- Key Clients - 9%
Functional Capabilities - Electric Vehicle Charging Connector
Electricity Consumption
- Low - 10%
- Medium - 10%
- High - 10%
Socket Type
- NACS - 8.75%
- CCS - 8.75%
- GB/T - 8.75%
- Others - 8.75%
Charging Time
- Low - 7%
- Medium - 7%
- High - 6%
Charging Location
- Individual House - 3.75%
- Collaborative Building - 3.75%
- Corporate Building - 3.75%
- Public - 3.75%
Rate Benchmarking
The geographical location, supply chain complexities, and scale of business play a vital factor in analyzing the rate benchmarking of the electric vehicle charging connector category.
China's EV market dominance makes it a prime location for foreign investment in the rapidly expanding EV charging industry. Compared to the U.S., Norway, Germany, and India, EV chargers are significantly cheaper in China due to the country's national certification standards, production volume, and quality. The current market leaders for public EV charging companies in China comprise of TGOOD, Star Charge, YKC, and China State Grid. Together they constituted 65% of the market share in 2022.
For instance, as of 2022, the price of EV chargers in China was around USD 3,500 - 14,000 (range includes DC low power to high power price range). In India, the average price for the same power range was between USD 12,000 - 28000. Developed countries such as Germany had prices between USD 22,500 - 53,500 whereas U.S. chargers were the most expensive ones, ranging between USD 23,000 - 81,000.
Supplier Newsletter
- In January 2024, Siemens AG acquired Heliox. The Netherlands-based company (or, acquiree) specializes in manufacturing DC fast chargers. The acquisition will complement the acquirer’s existing e-Mobility charging portfolio. Power levels from 40kW to more than a megawatt for commercial EV depots will be added under the agreement. Heliox will also help Siemens to expand its footprint in the European and North American region.
- In December 2023, EasyLease purchased a 60% stake in Fully Charged, a U.A.E.-based company that specializes in EV charging technology and manufacturing. Through this acquisition, the acquirer will leverage Fully Charged’s technology to promote expansion in the Middle East and GCC region. This deal seeks to promote decarbonization in last-mile deliveries across the UAE and the GCC region.
- In August 2023, Tesla acquired Wiferion, a German-based EV charging company for USD 76 million. The latter specializes in wireless charging. Tesla, through this acquisition, aims to incorporate Wiferion’s technology and thereby strengthen its charging segment.
- In April 2023, ABB e-mobility announced its investment in a London-based company called Switch EV. The collaboration aims to take a more integrated approach in a fragmented EV charging operation market. Together, the companies will create an integrated solution across the value chain - incorporating Switch EV’s ISO 15118-2/-20 and OCPP 2.0.1. charger operating system and cloud-based charger management platform with their advanced software solutions. The companies main objective is to provide an advanced seamless EV charging ecosystem.
List of Key Suppliers
- ABB Ltd.
- Bosch Automotive Service Solutions LLC.
- Tesla, Inc.
- Siemens AG
- YAZAKI Corporation
- Sumitomo Electric Industries, Ltd
- Huber + Suhner AG
- ITT Cannon Inc.
- Amphenol Corporation
- Fujikura Global
- Aptiv PLC
- Hirose Electric Co., Ltd
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Electric Vehicle Charging Connector Procurement Intelligence Report Scope
- Electric Vehicle Charging Connector Category Growth Rate : CAGR of 18.09% from 2023 to 2030
- Pricing Growth Outlook : 5% - 18% (Annually)
- Pricing Models : Cost-plus and time-based, energy-based, fixed rate, and hybrid pricing models
- Supplier Selection Scope : Cost and pricing, past engagements, productivity, geographical presence
- Supplier Selection Criteria : By socket type, charging power and time, electric consumption, operational and functional capabilities, quality measures, standards followed, certifications, regulations, and others
- Report Coverage : Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model
Brief about Pipeline by Grand View Research:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.
Our services include (not limited to):
- Market Intelligence involving – market size and forecast, growth factors, and driving trends
- Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
- Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
- Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions
