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Electric Vehicle (EV) Charging Connector Market in Europe Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

  • Published: Apr 2022
  • Pages: 120
  • SKU: IRTNTR40840
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The predicted growth of the electric vehicle (EV) charging connector market share in Europe from 2021 to 2026 is USD 48.11 million at a progressing CAGR of 16.59%.

This electric vehicle (EV) charging connector market in Europe research report extensively covers electric vehicle (EV) charging connector market segmentation in Europe by:

  • Geography - France, UK, Germany, Norway, and Rest of Europe
  • Speed - Slow charging, Fast charging, and Rapid charging

The electric vehicle (EV) charging connector market vendors in Europe are - ABB Ltd., Alfen NV, Allego BV, Amphenol Corp., BP Plc, ChargePoint Inc., EFACEC Power Solutions SGPS SA, 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. among others.

What will the Electric Vehicle (EV) Charging Connector Market Size in Europe be During the Forecast Period?

Electric Vehicle (EV) Charging Connector Market Size

Download the Free Report Sample to Unlock the Electric Vehicle (EV) Charging Connector Market Size in Europe for the Forecast Period and Other Important Statistics

 

Electric Vehicle (EV) Charging Connector Market in Europe: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increasing adoption of EVs is notably driving the electric vehicle (EV) charging connector market growth in Europe, although factors such as strong dominance of ice-powered vehicles may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the electric vehicle (EV) charging connector industry in Europe. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Electric Vehicle (EV) Charging Connector Market Driver in Europe

One of the key factors driving growth in the electric vehicle (EV) charging connector market in Europe is the increasing adoption of EVs. The EV charging connector market in Europe is expected to benefit heavily from the rising adoption of EVs in the region. Various factors are contributing directly to the increasing adoption of EVs in the region. The primary factor that is increasing the adoption of EVs is their ability to either reduce or negate the use of gasoline or diesel. Despite high costs associated with EVs, the implementation of policies such as the rise in gasoline and diesel prices and the provision of direct subsidies for EVs are also resulting in a major share of the population shift toward EVs from ICE-powered vehicles. The advances in technologies related to batteries of EVs are also contributing to their growing adoption. All these factors are contributing to an increase in the adoption of EVs in Europe, which is expected to directly contribute to the growth of various associated markets, including the EV charging connectors market in Europe, during the forecast period.

Key Electric Vehicle (EV) Charging Connector Market Trend in Europe

The emergence of connected EVs is a key electric vehicle (EV) charging connector market in Europe trend that is expected to have a positive impact in the coming years. The EV charging connector market in Europe is expected to benefit significantly from various technological advances related to EVs. One of the major factors that are hindering the adoption of EVs is the range anxiety associated with EVs. To overcome this challenge, various EV manufacturers are working on developing connectivity modules that help in reducing range anxiety. Connected EVs provide users with various range-anxiety solutions such as vehicle range management, charging battery online, navigation-based assistance, and data on battery performance. Various EV manufacturers are investing heavily in developing connected EV technology across all their EVs. The development of connected EVs is expected to significantly reduce the range anxiety and increase the demand for EVs. This, in turn, is expected to drive the demand for EV charging connectors in the coming years.

Key Electric Vehicle (EV) Charging Connector Market Challenge in Europe

The strong dominance of ICE-powered vehicles will be a major challenge for the electric vehicle (EV) charging connector market in Europe during the forecast period. The EV charging connector market in Europe is expected to face a major threat from the strong dominance of ICE-powered vehicles in the region. Globally, ICE-powered vehicles have a strong dominance, with approximately 90% of all vehicles on the road being ICE-powered. In Europe, despite the increasing adoption of EVs, the dominance of conventional motor vehicles is still very high. The automotive sector is a major sector of the EU economy and accounts for approximately 4% of the GDP of the EU. A major share of this revenue is generated from the sales of ICE-powered vehicles. Fossil fuel-powered vehicles still remain highly popular among the people in the region due to the significant popularity of SUVs in the region, which are primarily diesel-based vehicles. Despite various initiatives being taken and policies being set by regulatory bodies and vendors in the region to reduce the prices of EVs as well as the financial burden on buyers, the preference for ICE-powered vehicles still remains high.

This electric vehicle (EV) charging connector market in Europe analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the electric vehicle charging connector market in Europe as a part of the global auto parts and equipment market within the global auto components market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the electric vehicle (EV) charging connector market in Europe during the forecast period.

Who are the Major Electric Vehicle (EV) Charging Connector Market Vendors in Europe?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • ABB Ltd.
  • Alfen NV
  • Allego BV
  • Amphenol Corp.
  • BP Plc
  • ChargePoint Inc.
  • EFACEC Power Solutions SGPS SA
  • 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
  • Yazaki Corp.

 

This statistical study of the electric vehicle (EV) charging connector market in Europe encompasses successful business strategies deployed by the key vendors. The electric vehicle (EV) charging connector market in Europe is fragmented and the vendors are deploying growth strategies such as collaborating with vendors in the market to compete in the market.

Product Insights and News

  • ABB Ltd. - ABB Ltd. is a public company headquartered in Switzerland. It is a global company generating $28,945 million in revenues and has around 105,000 employees. Its revenue from the electric vehicle (EV) charging connector market in Europe contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company. 
  • ABB Ltd. - The company offers charging connector under the brand name Ability, which enables fast global service and proactive maintenance.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The electric vehicle (EV) charging connector market in Europe forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Electric Vehicle (EV) Charging Connector Market in Europe Value Chain Analysis

Our report provides extensive information on the value chain analysis for the electric vehicle (EV) charging connector market in Europe, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

What are the Revenue-generating Speed Segments in the Electric Vehicle (EV) Charging Connector Market in Europe?

Electric Vehicle (EV) Charging Connector Market Market segmentation by region

To gain further insights on the market contribution of various segments Request for a FREE sample

The electric vehicle (EV) charging connector market share growth in Europe by the slow charging segment will be significant during the forecast period. The segment is expected to lose its market share, owing to the increasing demand for rapid and fast chargers in the region. This is primarily due to the increasing focus of EV OEMs and EV chargers on overcoming challenges associated with the mile range of EVs. Moreover, factors such as the growing need to rapidly charge EVs on the move and the increasing advances in wireless charging systems are also expected to pose a threat to the growth of the slow-charging segment of the market.

This report provides an accurate prediction of the contribution of all the segments to the growth of the electric vehicle (EV) charging connector market size in Europe and actionable market insights on the post-COVID-19 impact on each segment.

 

Electric Vehicle (EV) Charging Connector Market Scope in Europe

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 16.59%

Market growth 2022-2026

$48.11 million

Market structure

Fragmented

YoY growth (%)

16.27

Regional analysis

Europe

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

ABB Ltd., Alfen NV, Allego BV, Amphenol Corp., BP Plc, ChargePoint Inc., EFACEC Power Solutions SGPS SA, 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 dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

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What are the Key Data Covered in this Electric Vehicle (EV) Charging Connector Market in Europe Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive electric vehicle (EV) charging connector market growth in Europe during the next five years
  • Precise estimation of the electric vehicle (EV) charging connector market size in Europe and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the electric vehicle (EV) charging connector industry in Europe
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of electric vehicle (EV) charging connector market vendors in Europe

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Country Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Charging
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Regional - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Europe: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Regional - Market size and forecast 2021-2026 ($ million)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Charging

    • 5.1 Market segments
      • Exhibit 24: Chart on Charging - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Charging - Market share 2021-2026 (%)
    • 5.2 Comparison by Charging
      • Exhibit 26: Chart on Comparison by Charging
      • Exhibit 27: Data Table on Comparison by Charging
    • 5.3 Slow charging - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Slow charging - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Slow charging - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Slow charging - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Slow charging - Year-over-year growth 2021-2026 (%)
    • 5.4 Fast charging - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Fast charging - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Fast charging - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Fast charging - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Fast charging - Year-over-year growth 2021-2026 (%)
    • 5.5 Rapid charging - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Rapid charging - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Rapid charging - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Rapid charging - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Rapid charging - Year-over-year growth 2021-2026 (%)
    • 5.6 Market opportunity by Charging
      • Exhibit 40: Market opportunity by Charging ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 42: Chart on Market share by geography - 2021-2026 (%)
      • Exhibit 43: Data Table on Market share by geography - 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 44: Chart on Geographic comparison
      • Exhibit 45: Data Table on Geographic comparison
    • 7.3 France - Market size and forecast 2021-2026
      • Exhibit 46: Chart on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on France - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on France - Year-over-year growth 2021-2026 (%)
    • 7.4 UK - Market size and forecast 2021-2026
      • Exhibit 50: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.5 Germany - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.6 Norway - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Norway - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Norway - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Norway - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Norway - Year-over-year growth 2021-2026 (%)
    • 7.7 Rest of Europe - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Rest of Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on Rest of Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on Rest of Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Rest of Europe - Year-over-year growth 2021-2026 (%)
    • 7.8 Market opportunity by geography
      • Exhibit 66: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 67: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 68: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 69: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 70: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 71: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 72: Matrix on vendor position and classification
            • 10.3 ABB Ltd.
              • Exhibit 73: ABB Ltd. - Overview
              • Exhibit 74: ABB Ltd. - Business segments
              • Exhibit 75: ABB Ltd. - Key offerings
              • Exhibit 76: ABB Ltd. - Segment focus
            • 10.4 Lumberg Holding GmbH and Co. KG
              • Exhibit 77: Lumberg Holding GmbH and Co. KG - Overview
              • Exhibit 78: Lumberg Holding GmbH and Co. KG - Product / Service
              • Exhibit 79: Lumberg Holding GmbH and Co. KG - Key offerings
            • 10.5 Robert Bosch GmbH
              • Exhibit 80: Robert Bosch GmbH - Overview
              • Exhibit 81: Robert Bosch GmbH - Business segments
              • Exhibit 82: Robert Bosch GmbH - Key news
              • Exhibit 83: Robert Bosch GmbH - Key offerings
              • Exhibit 84: Robert Bosch GmbH - Segment focus
            • 10.6 Schneider Electric SE
              • Exhibit 85: Schneider Electric SE - Overview
              • Exhibit 86: Schneider Electric SE - Business segments
              • Exhibit 87: Schneider Electric SE - Key news
              • Exhibit 88: Schneider Electric SE - Key offerings
              • Exhibit 89: Schneider Electric SE - Segment focus
            • 10.7 Siemens AG
              • Exhibit 90: Siemens AG - Overview
              • Exhibit 91: Siemens AG - Business segments
              • Exhibit 92: Siemens AG - Key news
              • Exhibit 93: Siemens AG - Key offerings
              • Exhibit 94: Siemens AG - Segment focus
            • 10.8 Sumitomo Corp.
              • Exhibit 95: Sumitomo Corp. - Overview
              • Exhibit 96: Sumitomo Corp. - Business segments
              • Exhibit 97: Sumitomo Corp. - Key news
              • Exhibit 98: Sumitomo Corp. - Key offerings
              • Exhibit 99: Sumitomo Corp. - Segment focus
            • 10.9 TE Connectivity Ltd.
              • Exhibit 100: TE Connectivity Ltd. - Overview
              • Exhibit 101: TE Connectivity Ltd. - Business segments
              • Exhibit 102: TE Connectivity Ltd. - Key offerings
              • Exhibit 103: TE Connectivity Ltd. - Segment focus
            • 10.10 Tesla Inc.
              • Exhibit 104: Tesla Inc. - Overview
              • Exhibit 105: Tesla Inc. - Business segments
              • Exhibit 106: Tesla Inc. - Key offerings
              • Exhibit 107: Tesla Inc. - Segment focus
            • 10.11 Webasto SE
              • Exhibit 108: Webasto SE - Overview
              • Exhibit 109: Webasto SE - Product / Service
              • Exhibit 110: Webasto SE - Key offerings
            • 10.12 Yazaki Corp.
              • Exhibit 111: Yazaki Corp. - Overview
              • Exhibit 112: Yazaki Corp. - Product / Service
              • Exhibit 113: Yazaki Corp. - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 114: Inclusions checklist
                • Exhibit 115: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 116: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 117: Research methodology
                • Exhibit 118: Validation techniques employed for market sizing
                • Exhibit 119: Information sources
              • 11.5 List of abbreviations
                • Exhibit 120: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Electric Vehicle (EV) Charging Connector Market in Europe market growth will increase by $48.11 mn during 2022-2026.
              The electric vehicle (ev) charging connector market in europe market is expected to grow at a CAGR of 16.59% during 2022-2026.
              Technavio has segmented the electric vehicle (ev) charging connector market in europe market by geography (France, UK, Germany, Norway, and Rest of Europe) and geographic (Europe).
              ABB Ltd., Alfen NV, Allego BV, Amphenol Corp., BP Plc, ChargePoint Inc., EFACEC Power Solutions SGPS SA, 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, Yazaki Corp. are a few of the key vendors in the electric vehicle (ev) charging connector market in europe market.
              Europe will register the highest growth rate of 100% among the other regions. Therefore, the electric vehicle (ev) charging connector market in europe market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the electric vehicle (ev) charging connector market in europe market growth are:
              • Increasing adoptions of EV
              • Emergence of connected EVs
              The electric vehicle (ev) charging connector market in europe market vendors should focus on grabbing business opportunities from the france segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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