LONDON–(BUSINESS WIRE)–Technavio has been monitoring the electric vehicle (EV) charging connector market in Europe and it is poised to grow by $ 22.02 mn during 2020-2024, progressing at a CAGR of almost 19% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact
The market is concentrated, and the degree of concentration will accelerate during the forecast period. ABB Ltd., Lumberg Holding GmbH & Co. KG, Robert Bosch GmbH, Schneider Electric SE, Siemens AG, Sumitomo Corp., TE Connectivity Ltd., Tesla Inc., Webasto SE, and Yazaki Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the