Demand for Electric Vehicles and Fast Charging: Fast Charging Technology Offered by Top Stationary Electric Vehicle Charging Gun Manufacturers

A stationary electric vehicle charging gun refers to a device deployed to charge an EV using a power source located externally. It is a necessary part of an electric vehicle charging system and its typical use is with an EV charging station for the transfer of power from the power grid to the vehicle. The surging investment in developing the electric vehicle industry in the U.S., Germany, the U.K., Canada, India, China, and Japan is impelling the market growth. In February 2023, the government of Canada unveiled its intent to invest in an end-to-end EV supply chain for the accomplishment of a zero-emission target by 2050.

Moreover, another factor propelling the growth of the market for stationary electric vehicle charging gun is a rise in the uptake and demand for electric vehicles. The requirement for efficient and convenient charging infrastructure is growing on the back of a shift in preference for electric cars by people to minimize carbon footprint while mitigating the impact of climate change. In addition, governments across the globe are enforcing regulations and policies to encourage the adoption of these vehicles.

As per a report by Fortune Business Insights™, the market for stationary electric vehicle charging gun reached USD 325.2 million in 2022 and is set to reach USD 3,142.7 million by 2030 with a CAGR of 33.1%. The market was stood at USD 425.3 million in 2023. Top stationary electric vehicle charging gun companies are emphasizing R&D investments, acquisitions, and partnerships to gain a competitive edge.

Fortune Business Insights™ Profiles Top Stationary Electric Vehicle Charging Gun Manufacturers in the Global Market

1. Zhejiang Yonggui Electric Equipment Co., Ltd.

Zhejiang Yonggui Electric Equipment Co., Ltd., a producer of electric and electronic equipment, researches, manufactures, develops, and sells connectors in China. Moreover, city rail vehicles, accessories, tools, passenger connectors, and axle equipment are offered by the company. It serves in the military, communication, energy, and rail industries. New electric energy vehicles, communication, and rail transit connectors are some of the connectors provided by the company. Its rail transit connectors are carriage, motor train unit, and railway locomotive connectors. Furthermore, the company’s electric vehicle connectors are mainly deployed in the charging stations of electric vehicles, among others. It emphasizes R&D, consists of many independent technology R&D centers, and possesses professional R&D and design capabilities in headquarters.

2. AVIC Jonhon Optronic Technology

AVIC Jonhon Optronic Technology, located in Luoyang, with sub-companies and subsidiaries in Xi’an, Shenzhen, Shenyang, Dongguan, and Qingdao, is the manufacturer of electronic connectors. The company offers rectangular electrical connectors, filter electrical connectors, electrical connectors, and other products. The stationary electric vehicle charging gun Manufacturer has expertise in R&D of electrical, fluid, and optical technology and equipment. It emphasizes product quality, innovation, and supply chain. In January 2023, the company bagged the "Best Quality Award" from Chery New Energy for offering high-voltage wiring harness and connector interconnection solutions for Chery New Energy's best-selling models. Moreover, the company focuses on expanding through partnerships, acquisitions, and mergers.

3. Shenzhen Woer Heat - Shrinkable Material Co., Ltd.

Shenzhen Woer Heat - Shrinkable Material Co., Ltd. is a developer, researcher, manufacturer, and seller of heat-shrinkable materials in China. It offers different products, including heat-shrinkable tubes, heat-shrinkable power cable accessories, and others. Its other offerings include medium and heavy wall tubing, single and dual wall heat shrink, identification sleeves, separable connectors accessories, cables and wires, separable connectors, cold and heat shrink cable accessories, cold applied cable accessories, ceramic fire-resistant materials, and other products. The products of this stationary electric vehicle charging gun manufacturer are exported to over 55 nations and regions, including South America, North America, Southeast Asia, Eastern Europe, Africa, Mid East, Oceania, Eastern Asia, Central America, Western Europe, Northern Europe, and Southern Europe.

4. Phoenix Contact

Phoenix Contact is a manufacturer, seller, and developer of electrical engineering and automation components and systems. The stationary electric vehicle charging gun supplier provides cables, connectors, switches, sensors, relay modules, software, lighting, measurement, monitoring, charging products, and other products. In addition, it focuses on new product development to secure a competitive advantage in the market. Moreover, a wide range of products, such as printed terminal circuit blocks and plug connectors, modular terminal blocks and special-purpose terminals, cable connection technology, and installation accessories that provide innovative components, are offered by this stationary electric vehicle charging gun manufacturer. In April 2023, the company announced the release of the new HPC charging cables of the CHARX connect professional family from Phoenix Contact to allow safe High Power Charging with a permanent 375 kW and does not need cooling.

5. Suzhou Recodeal Interconnect System

One of the top stationary electric vehicle charging gun companies, Suzhou Recodeal Interconnect System is a producer and seller of interconnection products. It provides cable assemblies, wire harnesses, optical fiber products, circular connectors, and other products. It has expertise in designing and manufacturing microwave components, connection systems, and other products. These products are extensively utilized in new energy vehicles, medical equipment, industrial control, rail transportation, data communication, and other fields. The stationary electric vehicle charging gun supplier’s main work is in the industrial chain, including injection molding, mold design and manufacturing, mechanical processing, precision stamping, and others and it automatically assembles most products.

How Will the Uptake of Fast Charging Technology Boost Market Growth?

EV owners can charge their vehicles at substantially higher power using fast charging, which minimizes charging duration while improving convenience. Moreover, the market for stationary electric vehicle charging gun is witnessing the evolution of charging infrastructure with faster charging speeds. In addition, there is a high prevalence of DC fast charging stations or Level 3 charging, which provide higher power outputs than conventional Level counterparts. Substantial energy to the EV battery can be provided by these fast charging stations in a shorter duration, which can lower the charging period significantly.

Furthermore, the ongoing innovation in EV battery technology has resulted in the creation of larger-capacity batteries. More energy can be stored by these batteries, enabling a longer driving range.