EV Charging Cables Market

EV charging cables are the connecting cables between the charging station and the electric vehicle that supply electric energy for the recharging of electric vehicles such as battery-electric cars, plug-in hybrid vehicles, electric buses, and others. The electric vehicles have batteries with high energy storage density and are recharged by plugging the vehicle into a charger with the help of EV charging cables that are connected to the electric grid. An electric vehicle charging cable is made up of three parts, including a connector plugged into the vehicle, a length of wire, and another plug connected into a power source.

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The factors driving the growth of the global EV charging cable market include the increasing demand for electric vehicles and favorable government initiatives to reduce global carbon footprint and support the adoption of electric vehicles. Additionally, the development and installation of EV charging stations across the globe are expected to fuel the demand for electric vehicles, which in turn, will increase the adoption of EV charging cables. Moreover, the increasing convenience of consumers, including home charging options for electric vehicles coupled with the growing trend towards the adoption of emission-free vehicles by transport companies and expanding electric bus market will surge the demand of the electric vehicle charging cables market over the forecast period. On the other hand, the high price associated with DC charging cables and the emergence of wireless electric vehicle charging technology are likely to hamper the growth of the global EV charging cables market.

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Based on the power supply type, the market has been segmented into AC and DC. AC segment is anticipated to witness a faster CAGR during the forecast period owing to its features such as low installation cost, low operational cost, and low power output. Moreover, the increasing number of AC power supply in residential and commercial charging stations across the world will further propel the market growth.

Based on cable length, the market is segmented into 2 meters to 5 meters, 6 meters to 10 meters, and above 10 meters. 2 meters to 5 meters segment is expected to dominate the market during the forecast period owing to its ease of using and storing the cable features. Additionally, the growing popularity of the home charging system is one of the major factors for the growth of the 2 meters to 5 meters segment of the EV charging cable market.

Based on shape, the market is segmented into straight cable and coiled cable. The coiled cable segment is expected to grow at a higher CAGR over the forecast period owing to the fact that coiled cables require less storage space and are easy to maintain as they do not outspread over the surface like straight cables. On the other hand, the straight cable segment is projected to lead the market over the forecast period. This is due to the increasing adoption of straight cables in public charging stations owing to its exceptional factors, including low maintenance, low cost, ease of installation, and better heat-dissipating ability.

Based on the charging level, the market is segmented into level 1, level 2, and level 3. The level 3 segment is expected to grow at a faster CAGR during the forecast period due to its high power charging option in a small duration of time. Level 3 is the fastest charging facility and charges 80% EV batteries in 20-30 minutes. The level 1 segment is anticipated to lead the market over the forecast period. The level 1 charging system do not require additional equipment for installation. Easy operation, less expensive, and the other benefits of using these chargers at home are the factors contributing to the growth of the level 1 segment of the EV charging cables market.

Based on application type, the market is segmented into public charging and private charging. Public charging segment of the EV charging cables market is anticipated to grow at a higher CAGR during the forecast period owing to the initiatives taken by the governments and electric vehicle manufactures for the expansion and installation of the public EVSE infrastructure across various destinations including movie theatres, stadiums, airports, shopping malls, corporate buildings, hotels, and others. Safe and secure charging of vehicles and less charging time are certain factor that are expected to drive the demand of public charging segment of the EV charging cables market.

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Based on the region, the Asia-Pacific region is expected to dominate the market over the forecast period owing to the increasing focus on the manufacturing of electric vehicle in countries including China, Japan, and South Korea. Furthermore, increasing per capita income of people in developing countries, including India, China, Bangladesh, and Thailand coupled with the growing awareness of consumers towards reducing greenhouse gas emission, is further excepted to provide high growth opportunities for the EV charging cables market in the Asia-Pacific region. The North America region is projected to witness a faster CAGR during the forecast period. In North America, the Electric Drive Transportation Association (EDTA), Electric Power Research Institute, Plug In America (PIA), Edison Electric Institute (EEI), Electric Auto Association are some of the major institutes promoting the R&D activities and deployment of electric vehicles in the region, thereby, increasing the growth of the EV charging cables market in the region. On the other hand, the Europe region is also expected to grow at a higher CAGR during the forecast period. In Europe, various favorable government initiatives and policies to encourage investment for the development of electric vehicles and to reduce vehicle emissions are anticipated to increase the demand for electric vehicles and thereby, boosting the growth of the market in Europe. For instance, the Federal Ministry of Transport and Digital Infrastructure provides various subsidies and tax benefits to the owners of charging stations and has planned to install 1 million electric vehicle charging stations by 2030 in Germany.

Various notable players operating in the global electric vehicle charging station market include Leoni AG, TE Connectivity Ltd., Besen International Group limited, Aptiv Plc, Phoenix Contact, Coroplast Group, Chengdu Khons Technology Co., Ltd., General Cable Technologies Corporation, Dyden Corporation, Sinbon Electronics Co., Ltd., EV Teison, Systems Wire and Cable LLC, Eland Cables, and Brugg Group among others. 

Key Developments:

• • In 2019, Brugg Group launched a new high-performance charging cable, the Alligator-HPC, that can deliver DC electricity at 1,000 volts and up to 850 amps. This product launch will help in enhancing the product portfolio of the company.
  • In 2019, Leoni AG has started an expansion project for increasing the production capacity of EV charging cables and Hivocar high-voltage cables for vehicles at its manufacturing site in Cuauhtemoc, Mexico. This production of EV charging cables will increase the product portfolio of the company and support the growing electromobility trend in North America.

The global EV Charging Cables market has been segmented on the basis of the power supply type, cable length, shape, charging level, and application type, and regions. Based on the power supply type, the market is segmented into AC and DC. Based on cable length, the market is segmented into 2 meters to 5 meters, 6 meters to 10 meters, and above 10 meters. Based on shape, the market is segmented into straight cable and coiled cable. Based on charging level, the market is segmented into level 1, level 2, and level 3. Based on the application type, the market is private charging and public charging.

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Key questions answered in this research report:

• • At what pace is global EV charging cables market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in global EV charging cables market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global EV charging cables market?
  • Which type of application generated maximum revenues in 2019 and identify the most promising types of application during the forecast period?
  • What is the various charging level of global EV charging cables market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Power Supply Type, By Cable Length, By Shape, By Charging Level, By Application Type, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Leoni AG, TE Connectivity Ltd., Besen International Group limited, Aptiv Plc, Phoenix Contact, Coroplast Group, Chengdu Khons Technology Co., Ltd., General Cable Technologies Corporation, Dyden Corporation, Sinbon Electronics Co., Ltd., EV Teison, Systems Wire and Cable LLC, Eland Cables, and Brugg Group among others; a total of 14 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global EV Charging Cables Market by Power Supply Type

• • AC
  • DC

Global EV Charging Cables Station Market by Cable Length

• • 2 Meters to 5 Meters
  • 6 Meters to 10 Meters
  • Above 10 Meters

Global EV Charging Cables Station Market by Shape

• Straight Cable
• Coiled Cable

Global Electric Vehicle Charging Station Market by Charging Level

• • Level 1
  • Level 2
  • Level 3

Global EV Charging Cables Market by Application Type

• • Private Charging
  • Public Charging

Global EV Charging Cables Market by Region

• • North America EV Charging Cables Charging Station Market (Option 1: As a part of the free 25% customization)
    • North America EV Charging Cables Market by Power Supply Type
    • North America EV Charging Cables Market by Cable Length
    • North America EV Charging Cables Market by Shape
    • North America EV Charging Cables Market by Charging Level
    • North America EV Charging Cables Market by Application Type
    • US EV Charging Cables Market All-Up
    • Canada EV Charging Cables Market All-Up
  • Europe EV Charging Cables Market (Option 2: As a part of the free 25% customization)
    • Europe EV Charging Cables Market by Power Supply Type
    • Europe EV Charging Cables Market by Cable Length
    • Europe EV Charging Cables Market by Shape
    • Europe EV Charging Cables Market by Charging Level
    • Europe EV Charging Cables Market by Application Type
    • UK EV Charging Cables Market All-Up
    • Germany EV Charging Cables Market All-Up
    • France EV Charging Cables Market All-Up
    • Spain EV Charging Cables Market All-Up
    • Rest of Europe EV Charging Cables Market All-Up
  • Asia-Pacific EV Charging Cables Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific EV Charging Cables Market by Power Supply Type
    • Asia-Pacific EV Charging Cables Market by Cable length
    • Asia-Pacific EV Charging Cables Market by Shape
    • Asia-Pacific EV Charging Cables Market by Charging Level
    • Asia-Pacific EV Charging Cables Market by Application Type
    • China EV Charging Cables Market All-Up
    • India EV Charging Cables Market All-Up
    • Japan EV Charging Cables Market All-Up
    • Rest of APAC EV Charging Cables Market All-Up
  • RoW EV Charging Cables Market (Option 4: As a part of the free 25% customization)
    • RoW EV Charging Cables Market by Power Supply Type
    • RoW EV Charging Cables Market by Cable Length
    • RoW EV Charging Cables Market by Shape
    • RoW EV Charging Cables Market by Charging Level
    • RoW EV Charging Cables Market by Application Type
    • Brazil EV Charging Cables Market All-Up
    • South Africa EV Charging Cables Market All-Up
    • Saudi Arabia EV Charging Cables Market All-Up
    • UAE EV Charging Cables Market All-Up
    • Rest of world (remaining countries of the LAMEA region) EV Charging Cables Market All-Up

Global EV Charging Cables Leading Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Leoni AG
  • TE Connectivity Ltd.
  • Besen International Group Limited
  • Aptiv plc
  • Phoenix Contact
  • Coroplast Group
  • Chengdu Khons Technology Co., Ltd.
  • General Cable Technologies Corporation
  • Dyden Corporation
  • Sinbon Electronics Co., Ltd.
  • EV Teison
  • Systems Wire and Cable LLC
  • Eland Cables
  • Brugg Group