Global Market for Electric Vehicle (EV) Charging Cable is Anticipated to grow at a Significant Pace i.e., USD 3,156 Million during the Forecast Period 2021-2027

Published Date: Dec, 2021

The global electric vehicle (EV) charging cable market is expected to witness a CAGR of 39.4% during the forecast period. Electric vehicles are considered as transport for the future and are becoming increasingly prominent globally. EV charging cables are used in connecting EV charging devices to the charging infrastructure that transfers power to electric vehicles. The rising adoption of electric vehicles, robust advancement of electric vehicle supply equipment, and rising demand for speedy charging cables will proliferate the growth of the EV charging cables market. EV charging cables are usually used in areas like hotels, charging stations, communities, garages, and parking lots.  Nevertheless, the growth in research and development of V2G technology, rising adoption of electric mobility in developing economies, and rising deployment of charging stations by retail MNCs will provide substantial opportunities for the growth of the EV charging cables market.

In October 2021, TE Connectivity has launched 3 novel products for the hybrid and electric commercial transportation market. The novel IPT-HD power bolt connector accomplishes temperatures ranging from -40 to +125 degrees Celsius and has a low-contact-resistance design which can withstand excessively high engine-level vibrations.

The COVID-19 pandemic has hit the global automobile and related component production and has temporary shutdown and export of the products. The business having huge production and sales globally has seen a negative impact and is anticipated to start with a recovery phase.  

Browse 73 market data Tables and 47 Figures spread through 300 Pages and in-depth TOC on " Electric Vehicle (EV) Charging Cable Market by Power Supply (Alternating Current (AC) and Direct Current (DC)), by Charging Level (Level 1, Level 2, and Level 3), by Application (Private Charging and Public Charging), by Cable Length (Less Than 5 Meters, 6-10 Meters, and More Than 10 Meters), by Shape (Straight and Coiled), and Region - Global Forecast to 2027"

By power supply, the direct current (DC) segment is projected to witness the fastest growth during the forecast period.

Based on power supply, the global electric vehicle charging cable market is bifurcated into alternating current (AC) and direct current (DC). The direct current is anticipated to have fast growth during the forecast period 2021-2027 owing to the increased installations of quick charging stations which helps in charging vehicles at a faster pace. Moreover, a rebate on the purchase of DC fast-charging stations, growing investments from automakers towards the advancement of DC fast-charging infrastructure that supports long-range battery-electric vehicles will fuel the growth of the segment.

Global Electric Vehicle (EV) Charging Cable Market Segmentation Analysis

Segment

Categorization

Leading Category

Power Supply

Alternating Current (AC) and Direct Current (DC)

Alternating Current (Largest)

Direct Current (Fastest)

Charging Level

Level 1, Level 2, and Level 3

Level 3 (Fastest)

Application

Private Charging and Public Charging

Private Charging (Largest)

Public Charging

(High CAGR)

Cable Length

Less Than 5 Meters, 6-10 Meters, and More Than 10 Meters

Less Than 5 Meters (Largest)

6-10 Meters

 (High CAGR)

Shape

Straight and Coiled

Straight (Largest)

Coiled (Fastest)

Region

North America, Europe, Asia-Pacific, and Rest of the World

Asia-Pacific (Largest)

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“APAC to hold the largest market share in 2020.”

APAC dominates the EV charging cables market as governments of various countries like China, Japan, and South Korea are providing regulatory and financial support to the manufacturers and buyers of EVs and assist in EV charging station development.

Some of the major players in the global electric vehicle (EV) charging cable market include Aptiv, LEONI, TE Connectivity, BESEN-Group, PHOENIX CONTACT, Coroplast, DYDEN CORPORATION, Grupo General Cable Sistemas, Chengdu Khons Technology Co., Ltd., and Tesla.

Scope of the Report

Report Metric

Details

Market Size Available for the Years in the Study

2015–2027

Historical Period

2015–2020

Base Year

2020

Forecast Period

2021–2027

Segments Covered in the Study

Power Supply, Charging Level, Application, Cable Length, Shape, and Region

Geographies Covered in the Study

North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa, U.A.E.)

Companies Covered in the Study

Aptiv, LEONI, TE Connectivity, BESEN-Group, PHOENIX CONTACT, Coroplast, DYDEN CORPORATION, Grupo General Cable Sistemas, Chengdu Khons Technology Co., Ltd., and Tesla.

Global Electric Vehicle (EV) Charging Cable Market Coverage

Power Supply Insight and Forecast 2015-2027

  • Alternating Current (AC)
  • Direct Current (DC)

Charging Level Insight and Forecast 2015-2027

  • Level 1
  • Level 2
  • Level 3

Application Insight and Forecast 2015-2027

  • Private Charging
  • Public Charging

Cable Length Insight and Forecast 2015-2027

  • Less Than 5 Meters
  • 6-10 Meters
  • More Than 10 Meters

Shape Insight and Forecast 2015-2027

  • Straight
  • Coiled

Geographical Segmentation

Electric Vehicle (EV) Charging Cable Market by Region

North America

  • By Power Supply
  • By Charging Level
  • By Application
  • By Cable Length
  • By Shape
  • By Country – U.S., Canada, and Mexico

Europe

  • By Power Supply
  • By Charging Level
  • By Application
  • By Cable Length
  • By Shape
  • By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

  • By Power Supply
  • By Charging Level
  • By Application
  • By Cable Length
  • By Shape
  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Power Supply
  • By Charging Level
  • By Application
  • By Cable Length
  • By Shape
  • By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries

 

 

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Global Market for Electric Vehicle (EV) Charging Cable is Anticipated to grow at a Significant Pace i.e., USD 3,156 Million during the Forecast Period 2021-2027