Report Id: SNS/SEMI/1322 | May 2022 | Region: Global | 125 Pages
Report Scope & Overview:
EV Charging Cables Market was valued at USD 395.56 million in 2022 and is expected to expand at a CAGR of 24% from 2023 to 2030 and it will reach USD 2.21 billion in 2030.
Over the last decade, the global electric vehicle market has advanced significantly. Governments are encouraging increased use of electric vehicles due to growing concern about global emission rates. Furthermore, the EV makes use of the power provided by the rechargeable battery packs. Charging cables are used to charge these battery packs. As a result, charging cables are crucial in EV. The EV charging cable is available on the market in two charging types: alternate current (AC) and direct current (DC).The acceptance of AC charging cable has grown as AC charging is readily available at residential or commercial charging stations.
EV highlights the importance of charging infrastructure and EV charging cables.
Major countries have heavily invested in EV vehicles, EV charging infrastructure and R&D of fast and efficient charging system.
Wireless charging of EV is expected to boost demand for vehicle safety, luxury vehicles, the development of private and private vehicles.
Adoption of use wireless technology for a variety of purposes.
New wireless charging solutions for electric vehicles.
EV wireless charging have the potential to contribute to the growth of the EV charging market.
Innovation of high-power charging cables that can charge electric vehicles faster.
Technological advancements have also resulted in changes to the charging interface.
It should meet international safety standards imposed by governing bodies.
Standards compliance increases investment in research and development.
IMPACT OF COVID-19:
COVID-19 is rapidly altering the automotive industry's dynamics. Furthermore, the unexpected disruption caused by the epidemic will have an impact on the automotive industry. Automobile manufacturers may require government assistance to survive the epidemic. Reduced demand for building materials and components will have an impact on not only OEMs, but also a number of suppliers. An increase in environmental awareness during the coronavirus closure, on the other hand, is expected to boost the market for electric vehicles. The market demand for electric vehicle charging cables is expected to rise as demand for electric vehicles rises.
Major key players in EV charging cable market are Leoni AG, Coroplast, Chengdu Khons Technology Co., Ltd., Phoenix Contact, Aptiv, BESEN-Group, Dyden, Corporation, TE Connectivity, Besen International Group, Dyden Corporation, EV Charging Cables, EV Teison, General Cable Technologies Corporation, Phoenix Contact E-Mobility, Sinbon Electronics, Systems Wire and Cable, TE Connectivity and other.
BY CHARGING LEVEL
Asia Pacific dominated the market in 2020 and accounted for 70% of total revenue. Growth in this region is driven mainly by China, South Korea and Japan. The high number of EV charging stations in the region is expected to boost regional market growth during the forecast period. However, South Korea and China have been hit hard by the COVID-19 epidemic, which has also added an unusual dimension to car manufacturers. This is certainly of great concern to European producers as they succeed in achieving their gas emissions goals. In the long run, low government subsidies, lower oil prices, and the economic impact of the epidemic could reduce the demand for EV, which could have a negative impact on the need for EV charging cables. North America is expected to show the highest CAGR growth, followed by Europe and Asia Pacific. This is due to increased productivity by many manufacturers in developing efficient, clean, and fast electric vehicles. The growing installation of improved charging infrastructure and the presence of major manufacturers of EV supply equipment in the region are likely to drive the regional market.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 395.56 Million|
|Market Size by 2030||US$ 2.21 Billion|
|CAGR||CAGR of 24% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Type (Ac Charging, Dc Charging)
• By Application (Private Charging, Public Charging)
• By Charging Level (Level 1, Level 2, Level 3)
• By Length (2-5 Meters, 6-10 Meters, >10 Meters)
• By Shapes (Straight, Coiled)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Leoni AG, Coroplast, Chengdu Khons Technology Co., Ltd., Phoenix Contact, Aptiv, BESEN-Group, Dyden, Corporation, TE Connectivity, Besen International Group, Dyden Corporation, EV Charging Cables, EV Teison|
|Key Drivers||• EV highlights the importance of charging infrastructure and EV charging cables.|
|OPPORTUNITIES||• Adoption of use wireless technology for a variety of purposes.
• New wireless charging solutions for electric vehicles.
Frequently Asked Questions (FAQ) :
EV Charging Cables Market size was valued at 440 million in 2021 at a CAGR of 40.6%.
EV highlights the importance of charging infrastructure and EV charging cables and Major countries have heavily invested in EV vehicles, EV charging infrastructure and R&D of fast and efficient charging system are driving the EV Charging Cables Market.
Asia Pacific dominated the market in 2020 and accounted for 70% of total revenue in the market.
Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.
Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
18.104.22.168 United Kingdom
22.214.171.124 South Korea
126.96.36.199 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global EV Charging Cables Market Segmentation, by type
8.2 AC charging
8.3 DC charging
9. Global EV Charging Cables Market Segmentation, by application
9.2 Private charging
9.3 Public charging
10. Global EV Charging Cables Market Segmentation, By charging level
10.2 Level 1
10.3 Level 2
10.4 Level 3
11. Global EV Charging Cables Market Segmentation, By length
11.2 2-5 meters
11.3 6-10 meters
11.4 >10 meters
12. Global EV Charging Cables Market Segmentation, By shape
13. Regional Analysis
13.2 North America
13.3.6 The Netherlands
13.3.7 Rest of Europe
13.4.2 South Korea
13.4.6 Rest of Asia-Pacific
13.5 The Middle East & Africa
13.5.3 South Africa
13.6 Latin America
13.6.3 Rest of Latin America
14. Company Profiles
14.1.2 Products/ Services Offered
14.1.3 SWOT Analysis
14.1.4 The SNS view
14.3 Chengdu Khons Technology Co., Ltd.
14.4 Phoenix Contact
14.7 Dyden Corporation
14.8 TE Connectivity
14.9 Besen International Group
14.10 Dyden Corporation
14.11 EV Charging Cables
14.12 EV Teison
14.13 General Cable Technologies Corporation
14.14 Phoenix Contact E-Mobility
14.14 Sinbon Electronics
14.16 Systems Wire and Cable
14.17 TE Connectivity
15. Competitive Landscape
15.1 Competitive Benchmark
15.2 Market Share analysis
15.3 Recent Developments
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