Connect with us

Technology

Europe’s EV Charging Connector Market to Grow by USD 58.6 Million from 2024-2028, Driven by Rising EV Adoption, with AI’s Influence on Market Trends – Technavio Report

Published

on

NEW YORK, Aug. 26, 2024 /PRNewswire/ — The electric vehicle (EV) charging connector market in Europe size is estimated to grow by USD 58.6 millionn from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  19.09%  during the forecast period. Increasing adoptions of EV is driving market growth, with a trend towards emergence of connected EVs. However, strong dominance of ICE-powered vehicles  poses a challenge. Key market players include ABB Ltd., Alfen NV, Allego BV, Amphenol Corp., BP Plc, ChargePoint Holdings Inc., Efacec, Fujikura Co. Ltd., HUBER SUHNER AG, ITT Inc., Lumberg Holding GmbH and Co. KG, Robert Bosch GmbH, Schneider Electric SE, Siemens AG, Sumitomo Corp., TE Connectivity Ltd., Tesla Inc., Webasto SE, and Yazaki Corp..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Electric Vehicle (EV) Charging Connector Market In Europe Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 19.09%

Market growth 2024-2028

USD 58.6 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

15.48

Regional analysis

Europe

Performing market contribution

Europe at 100%

Key countries

France, Germany, UK, Norway, and Rest of Europe

Key companies profiled

ABB Ltd., Alfen NV, Allego BV, Amphenol Corp., BP Plc, ChargePoint Holdings Inc., Efacec, Fujikura Co. Ltd., HUBER SUHNER AG, ITT Inc., Lumberg Holding GmbH and Co. KG, Robert Bosch GmbH, Schneider Electric SE, Siemens AG, Sumitomo Corp., TE Connectivity Ltd., Tesla Inc., Webasto SE, and Yazaki Corp.

Market Driver

The European Electric Vehicle (EV) charging connector market is set to experience substantial growth due to advancements in EV technology. A primary challenge hindering EV adoption is range anxiety. To address this issue, EV manufacturers are developing connectivity modules to reduce range anxiety. Connected EVs offer solutions such as real-time battery management, online charging station booking, navigation assistance, and data on battery performance. These features alert users when battery levels are low and provide information on nearby charging stations. Manufacturers like Nissan and BMW are investing in connected EV technology, offering applications like Nissan’s EV-IT and BMW i Remote to monitor battery information, charging data, and find charging stations. Companies like EV Connect are also developing cloud-based technologies, such as The EV Connect app, which uses location services to help drivers find, access, and pay for charging. The proliferation of connected EVs is expected to alleviate range anxiety, boosting EV demand and driving the need for EV charging connectors in Europe. 

The European Electric Vehicle (EV) charging connector market is experiencing significant growth due to increasing government assistance, tax breaks, grants, and subsidies to promote the adoption of EVs. With rising pollution levels and stricter emission norms, there is a growing demand for EVs and charging infrastructure. EV charging connectors come in various types, including residential charging, charging bases, and charging stations, which offer different charging power sources and charging times. Charging power sources range from electricity to hybrid technology, with charging time varying from slow to fast, depending on the charging level (Level 1 to Level 3) and charging power output (AC and DC). The market is witnessing a shift towards DC fast charging, with connectors like Type 1 and Combined Charging System addressing overheating issues. Incentives such as tax credits and installation services are also driving the growth of the charging network. Public charging stations are becoming more common, offering various power sources and charging speeds to meet the diverse needs of EV users. 

Explore a 360° Analysis of the Market: Unveil the Impact of AI. For complete insights- Request Sample!

Market Challenges

The European Electric Vehicle (EV) charging connector market faces a significant challenge due to the continued dominance of Internal Combustion Engine (ICE) vehicles in the region. With approximately 90% of all vehicles on European roads being ICE-powered, the automotive sector, which contributes around 4% to the EU’s GDP, primarily generates revenue from their sales. Preference for SUVs, predominantly diesel-powered, remains high in Europe, making ICE vehicles popular. Despite efforts to reduce EV costs and alleviate financial burdens, high upfront costs and limited EV infrastructure hinder their adoption. Infrastructure development delays and the lack of a diverse range of EVs further increase the appeal of ICE vehicles. These factors negatively impact EV sales, posing a threat to the growth of the European EV charging connector market during the forecast period.The European Electric Vehicle (EV) Charging Connector Market is experiencing significant growth as automakers introduce more environment-friendly vehicles. However, challenges persist in the sector. Hybrid technology and various charging levels, including Level 1, 2, and 3, require different connectors and power sources. Fast charging, from 200V to 600V, demands high power output, leading to overheating issues. AC and DC charging, with pins ranging from Type 1 to Combined Charging System, require different infrastructure at public charging stations. Incentives like tax credits and government subsidies are essential to boost the market. Automakers are innovating with electric car models and charging networks, offering installation services and site assessments. Fast-charging vehicles need 45 kW external chargers and 3-level charging levels. Despite these challenges, the EV sector continues to evolve, with battery technology and charging pole innovations driving progress.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This electric vehicle (ev) charging connector market in Europe report extensively covers market segmentation by  

Charging 1.1 Slow charging1.2 Fast charging1.3 Rapid chargingGeography 2.1 Europe

1.1 Slow charging-  In Europe, slow chargers are the most common type of Electric Vehicle (EV) charging solutions, providing an average charging power of 3 kW. These chargers come with either tethered or untethered cables and offer charging speeds between 3 kW and 6 kW. On average, an EV takes 6-12 hours to fully charge on a 3 kW unit. Most slow charging units are untethered and require a cable for connection to charging points. The majority of these chargers are installed in residential buildings, workplaces, and public areas. Although four types of slow charging connectors exist, Type 2 – 3 kW AC is the most widely used in Europe due to its compatibility with EVs and public charging points. Slow chargers offer several advantages, including affordability, ease of installation, and extended battery life. They do not require additional equipment and are less expensive than fast and rapid chargers. Slow charging systems also reduce the impact on power grids and contribute to the longevity of EV batteries. However, the slow charging segment is expected to lose market share due to the growing demand for rapid and fast chargers. This shift is driven by the need to overcome challenges related to EV mile range, the increasing focus on wireless charging systems, and the requirement for rapid charging on the move. Despite these challenges, slow chargers remain an essential component of the European EV charging infrastructure, providing cost-effective and convenient charging solutions for EV users.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Electric Vehicle (EV) Charging Connector Market in Europe is experiencing significant growth due to the increasing adoption of environment-friendly vehicles. Electric Vehicle Connectors, also known as EV couplers, play a crucial role in the transfer of electricity from charging points to EVs. Charging points include charging poles, bases, and stations, which are available in various power sources and charging times. Residential charging is also gaining popularity, with incentives such as government subsidies, tax credits, and incentives driving demand. EV Charging Connectors come in different types, including Type 1 connectors with two pins, and the Combined Charging System (CCS) compatible with both AC and DC fast charging. Overheating issues have been a concern, but advancements in technology are addressing these challenges. The EV sector is subject to emission norms, and the shift towards electricity as a power source is a significant step towards reducing carbon emissions from automobiles.

Market Research Overview

The Electric Vehicle (EV) Charging Connector Market in Europe is witnessing significant growth due to the increasing adoption of environment-friendly vehicles, particularly fast-charging vehicles. Charging points are essential infrastructure for EVs, with charging poles providing power transfer from the grid to the battery. The EV sector is experiencing innovations in charging technology, including 45 kW external chargers and 3-level charging levels, which offer faster charging times and higher power output. Government subsidies, tax breaks, and grants are key drivers for the market, with many European countries providing incentives to encourage the transition to electric vehicles. Charging power sources range from residential charging to public charging stations, with various charging levels, including Level 1, Level 2, and Level 3 charging. Fast charging, which can provide 80% charge in 30 minutes, is gaining popularity, with DC fast charging offering higher power output and faster charging times. However, challenges such as overheating issues and the need for installation services and site assessments remain. The market is expected to continue growing as pollution levels and emission norms become stricter, and automakers introduce new electric car models. The use of AC and DC charging, as well as Volt AC plugs and Combined Charging Systems, is also becoming more common.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ChargingSlow ChargingFast ChargingRapid ChargingGeographyEurope

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/europes-ev-charging-connector-market-to-grow-by-usd-58-6-million-from-2024-2028–driven-by-rising-ev-adoption-with-ais-influence-on-market-trends—technavio-report-302230316.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Nanalysis Announces Board Transition and Appointment of Three New Directors

Published

on

By

CALGARY, AB, May 1, 2026 /CNW/ – Nanalysis Scientific Corp. (the “Company”, TSXV: NSCI, FRA: 1N1), a leader in portable NMR spectrometers and MRI technology for industrial and research applications, is pleased to announce the appointment of Jonathan Ladd, Werner Maas, and Steve Feick to its Board of Directors effective May 1, 2026.

Mr. Ladd is an experienced technology executive and former Chief Executive Officer of NovAtel Inc., a Nasdaq-listed GPS technology company acquired by Hexagon AB. He has a track record of scaling global technology businesses and brings extensive experience in capital markets, corporate governance, and strategic execution within advanced technology companies. He currently serves on the following boards: Takemetoit Inc., AgriRobot, Litus Inc., and is an advisor at Tall Grass Ventures. Mr. Ladd earned a bachelor’s degree with distinction in engineering and is a member of Tau Beta Pi National Engineering Honor Society.

Dr. Maas is a senior executive in the analytical instrumentation sector, having previously served as President of Bruker BioSpin Corporation and currently serving as Chief Executive Officer of Hudson Lab Automation. He brings deep expertise in nuclear magnetic resonance (NMR) technologies, as well as global sales, marketing, and commercialization of scientific instrumentation. Dr. Maas holds a Ph.D. in Chemistry from Radboud University in The Netherlands, as well as several executive management designations from the MIT Sloan School of Management.

Mr. Feick is President of Manvest Inc., part of the Mancal Group. He has a track record of developing and growing a portfolio of investments in agriculture, finance, supply chain, infrastructure technology, energy efficiency, and data analytics. As a former entrepreneur, he ensures that his operational and investor experience elevates the growth of the portfolio. He is an experienced investor and brings expertise in capital allocation, governance, and long-term strategic planning across private and public market investments. Mr. Feick holds a Bachelor of Science degree in Chemical Engineering from Queen’s University.

In connection with these appointments, Martin Burian and Jennifer Stubbs will be stepping down from the Board of Directors, effective May 1, 2026. The Company thanks Mr. Burian and Ms. Stubbs for their contributions and service and wishes them continued success in their future endeavours.

“On behalf of the Board, I would like to thank Martin and Jennifer for their contributions to Nanalysis and dedicated service to the Company and wish them continued success in their future endeavours.” said Sean Krakiwsky, Chief Executive Officer. “We are pleased to welcome Jonathan, Werner, and Steve. Their collective experience across instrumentation, global commercialization, and capital allocation will support the Company as we focus on scaling our core NMR platform and executing on our services growth strategy.”

About Nanalysis Scientific Corp. (TSXV: NSCI, OTCQX: NSCIF, FRA: 1N1)

Nanalysis Scientific Corp. develops and manufactures portable Nuclear Magnetic Resonance (NMR) spectrometers used worldwide in pharma, biotech, energy, food, materials, and security industries, as well as in academic and government labs. The Company also operates a growing services division that maintains both its own products and third-party imaging equipment, anchored by a $160 million long-term contract with the Canadian Air Transport Security Authority (CATSA) to maintain security scanners at more than 80 Canadian airports.

Notice regarding Forward Looking Statements and Legal Disclaimer

This news release contains certain “forward-looking statements” within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as “anticipates”, “plan”, “continue”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “potential”, “proposed”, “positioned” and other similar words, or statements that certain events or conditions “may” or “will” occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

View original content to download multimedia:https://www.prnewswire.com/news-releases/nanalysis-announces-board-transition-and-appointment-of-three-new-directors-302759750.html

SOURCE Nanalysis Scientific Corp.

Continue Reading

Technology

PCIS Emerges as Leading Risk and Claims Provider in Mid-Atlantic with Three Major Wins

Published

on

By

SEPTA, City of Baltimore, and Maryland Department of Transportation MTA adopt ClaimsVISION to modernize risk and claims operations

NEW YORK, May 1, 2026 /PRNewswire-PRWeb/ — PCIS, a leading provider of Risk & Claims Management Information System (RMIS), today announced a series of new and expanded client engagements across the Mid-Atlantic region, further solidifying its position as a trusted partner for transit agencies and public sector organizations.

“The biggest barrier to innovation in the public sector isn’t a lack of tools—it’s the weight of legacy data environments that were never built for real-time intelligence. You can’t layer AI on top of fragmented, batch-driven systems and expect results.

The Southeastern Pennsylvania Transportation Authority (SEPTA) has selected PCIS ClaimsVISION RMIS to enhance its risk management capabilities and support more efficient claims oversight. The City of Baltimore has chosen ClaimsVISION Claims and RMIS to modernize its claims administration and enterprise risk management operations. In addition, the Maryland Department of Transportation Maryland Transit Administration (MDOT MTA) has entered into a new five-year agreement with PCIS, extending a long-standing partnership and continuing its use of the ClaimsVISION platform.

These engagements reflect a broader trend among public entities seeking modern, configurable platforms to improve visibility, streamline workflows, and strengthen compliance across increasingly complex risk environments.

“The biggest barrier to innovation in the public sector isn’t a lack of tools—it’s the weight of legacy data environments that were never built for real-time intelligence. You can’t layer AI on top of fragmented, batch-driven systems and expect results. Organizations like SEPTA and Baltimore are rethinking the foundation—moving toward continuous, streaming data models that actually enable AI to deliver value”, said Michael Loizou, CSO of PCIS.

Across these implementations, PCIS will deliver a unified platform designed to:

Centralize claims and risk data for improved decision-makingEnhance BI and intelligent analytics capabilitiesStreamline workflows and reduce manual processesSupport regulatory compliance and audit readinessEnable scalable, configurable solutions tailored to public sector needs

The continued expansion of PCIS within the Mid-Atlantic region underscores the company’s growing presence among transit agencies and public entities seeking proven, purpose-built risk and claims management solutions.

Media Contact

Helene Quinn, PCIS, 1 2124051625, hquinn@pcisvision.com, www.pcisvision.com

View original content to download multimedia:https://www.prweb.com/releases/pcis-emerges-as-leading-risk-and-claims-provider-in-mid-atlantic-with-three-major-wins-302759785.html

SOURCE PCIS

Continue Reading

Technology

Private Equity’s AI Moment: The Greatest Value Lever in Decades — and the Hardest to Pull

Published

on

By

The following article is authored by Neil Dhar, Senior Vice President, IBM Consulting Americas

ARMONK, N.Y., May 1, 2026 /PRNewswire/ — Next week at Think 2026, we’ll outline the forces shaping the Enterprise AI Race, forces that apply with particular urgency to private equity. The organizations gaining ground today are not the ones betting on a single model. They are the ones redesigning how their businesses operate, building hybrid architectures that give them control, and deploying AI in ways that orchestrate value that compounds over time. 

The private equity industry understands this better than most. The days of pilots and promises are over, and the demand for hard proof (a.k.a. ROI) has begun. Is your revenue accelerating? Can you drive efficiency and profitability at the same time? What does long-term growth look like? These are the questions sitting across the table at every board meeting and investment committee, and the pressure is only intensifying.  

This pressure has forced major PE firms to move aggressively to formalize their AI strategies, including exploring joint ventures with leading LLM companies. They’re making a calculated bet on AI as the most powerful value‑creation lever the industry has seen in its history, and they recognize that the window to move is now. 

The logic is unmistakable. PE firms don’t run single businesses, they run portfolios. Which means AI playbooks that work don’t just transform one company; they compound across ten, twenty, fifty, hundreds. A workflow reinvented once becomes a repeatable asset. A governance framework built once becomes portfolio infrastructure. That multiplier effect is native to how PE creates value, and it’s what makes the intersection of private equity and enterprise AI one of the most consequential arenas in business right now. 

The bet is a no-brainer. Execution is where it gets hard.  

Here’s what we know to be true: competitive advantage won’t come from betting on a single LLM. It will come from building AI tailored to your business, shifting to a hybrid strategy that combines custom models, foundation models, and smaller specialized models, all grounded in an architecture that connects your data, your workflows, and your intelligence. In private equity, where the same playbook has to work across an entire portfolio, that distinction isn’t academic. It’s the difference between value that compounds and value that stalls. 

We know this because we lived it. We turned our own operations into the proving ground, analyzing nearly 400 operational workflows and deploying AI solutions across more than 100 so far, coupled with AI governance and enablement.

The result was $4.5B in productivity gains from AI, hybrid cloud, automation and consulting expertise, and proof of what works.

We then took that proof and productized those validated workflows into IBM Enterprise Advantage, a first-of-its-kind asset-based consulting service that enables clients to build and operate their own tailored internal AI platform at scale.

With digital workers, prebuilt tools, and native governance, clients have a headstart rather than a blank slate. And because it’s multi-model, they retain the freedom to shift as technology evolves. For private equity, that flexibility determines whether a company is an asset or a liability at exit. 

We’re bringing this same approach to private equity-backed companies, where the defining question is what changed and can you prove it.

A major U.S. telecommunications provider is deploying digital workers and prebuilt AI tools from Enterprise Advantage to accelerate the migration of more than 150 critical applications, delivering measurable savings within two quarters.Working with a leading insurance administrator, IBM is using agentic AI to overhaul end-to-end claims processing, a function where a single claim can involve dozens of tightly regulated steps across multiple systems. AI agents now read and structure claim documents, perform compliance checks, assess eligibility, and route cases automatically, resulting in faster cycle times, fewer bottlenecks, and an operating model built to scale. 

What private equity does here will ripple far beyond its own portfolios. When PE-backed companies deploy production-ready AI across the business, they reset competitive expectations for entire industries, forcing every competitor to respond. That is the Enterprise AI Race playing out in real time.

The choices made today will define portfolio performance for the next decade. Move too slowly and you’re handing the advantage to every competitor who didn’t. Move without discipline and you’re betting the portfolio on a foundation that hasn’t been proven. The firms that win will be the ones who understood that distinction early enough to do something about it.

About IBM 

IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Thousands of governments and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM’s long-standing commitment to trust, transparency, responsibility, inclusivity and service. Visit www.ibm.com for more information.

Media contact: 

IBM
Lily O’Brien
lilyobrien@ibm.com

SOURCE IBM

Continue Reading

Trending