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.
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KEY DRIVERS:
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.
RESTRAINTS:
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.
OPPORTUNITY:
Innovation of high-power charging cables that can charge electric vehicles faster.
Technological advancements have also resulted in changes to the charging interface.
CHALLENGE:
It should meet international safety standards imposed by governing bodies.
Standards compliance increases investment in research and development.
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.
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 SHAPE
Straight
Coiled
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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.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The 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
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.
Chengdu Khons Technology Co Ltd.-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 395.56 Million |
| Market Size by 2030 | US$ 2.21 Billion |
| CAGR | CAGR of 24% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| 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. |
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. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 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
8.1Introduction
8.2 AC charging
8.3 DC charging
8.4 other
9. Global EV Charging Cables Market Segmentation, by application
9.1 Introduction
9.2 Private charging
9.3 Public charging
9.4 Other
10. Global EV Charging Cables Market Segmentation, By charging level
10.1 Introduction
10.2 Level 1
10.3 Level 2
10.4 Level 3
10.5 Other
11. Global EV Charging Cables Market Segmentation, By length
11.1 Introduction
11.2 2-5 meters
11.3 6-10 meters
11.4 >10 meters
12. Global EV Charging Cables Market Segmentation, By shape
12.1 Introduction
12.2 Straight
12.3 Coiled
12.4 other
13. Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 USA
13.2.2 Canada
13.2.3 Mexico
13.3 Europe
13.3.1 Germany
13.3.2 UK
13.3.3 France
13.3.4 Italy
13.3.5 Spain
13.3.6 The Netherlands
13.3.7 Rest of Europe
13.4 Asia-Pacific
13.4.1 Japan
13.4.2 South Korea
13.4.3 China
13.4.4 India
13.4.5 Australia
13.4.6 Rest of Asia-Pacific
13.5 The Middle East & Africa
13.5.1 Israel
13.5.2 UAE
13.5.3 South Africa
13.5.4 Rest
13.6 Latin America
13.6.1 Brazil
13.6.2 Argentina
13.6.3 Rest of Latin America
14. Company Profiles
14.1Leoni AG
14.1.1 Financial
14.1.2 Products/ Services Offered
14.1.3 SWOT Analysis
14.1.4 The SNS view
14.2Coroplast
14.3 Chengdu Khons Technology Co., Ltd.
14.4 Phoenix Contact
14.5 Aptiv
14.6 BESEN-Group
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
14.18 Other
15. Competitive Landscape
15.1 Competitive Benchmark
15.2 Market Share analysis
15.3 Recent Developments
16. Conclusion
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