EV Charging Cables Market by Power Supply Type (AC Charging, DC Charging); by Application (Private Charging, Public Charging); by Cable Length (2-5 Meters, 6-10 Meters, More Than 10 Meters); by Shape (Straight, Coiled); by Charging Level (Level 1, Level 2, Level 3); by Mode (Mode 1 & 2, Mode 3, Mode 4); and by Region (North America, Europe, Asia Pacific, Latin America, MEA) - Global Forecasts 2021 to 2027

The Global EV Charging Cables Market was valued at USD 0.4 Bn in 2020 is expected to reach USD 3.7 Bn by 2027, with a growing CAGR of 37.5% during the forecast period.

Global EV Charging Cables Market Overview:

EV charging cables are the connecting cables among the charging station and the electric vehicle that deliver electric power for the recharging of electric vehicles which include battery-electric cars, plug-in hybrid cars, electric buses, and others. The EV charging cables available in the market as per type of the vehicles, such as type1, type 2, and others. These cables can be found in various lengths such as 2-5 meters, 6-10 meters, and more than 10 meters.

EV Charging Cables Market

Global EV Charging Cables Market Dynamics:

The increasing demand for electric vehicles across the globe is one of the most important factor that drive the EV charging cables market growth during the forecast period. In addition to developing EV charging infrastructure, most leading manufacturers of charging cables such as Tesla, TE Connectivity, and others are developing fast-charging techniques. The growing demand for EVs has created substantial opportunities for manufacturers and Original Equipment Manufacturers (OEMs) to improve and upgrade the charging cable systems. For instance, in September 2021, ABB launched the world fastest electric vehicle charger that deliver 100 km of range in less than 3 minutes.

The Global EV Charging Cables Market Segmentation:

By Power Supply Type:

  • AC Charging
  • DC Charging

By Application:

  • Private Charging
  • Public Charging

By Cable Length:

  • 2-5 Meters
  • 6-10 Meters
  • More Than 10 Meters

By Shape:

  • Straight
  • Coiled

By Charging Level:

  • Level 1
  • Level 2
  • Level 3

By Mode:

  • Mode 1 & 2
  • Mode 3
  • Mode 4

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Company Profiles and Competitive Intelligence:

  • PHOENIX CONTACT
  • Tesla
  • TE Connectivity
  • DYDEN CORPORATION
  • BESEN-Group
  • LEONI AG
  • Prysmian Group
  • Systems Wire Cable
  • Eland Cables
  • Manlon Polymers
  • BRUGG Group AG
  • Aptiv
  • Japan Aviation Electronics Industry, Ltd.
  • Guangdong OMG Transmitting Technology Co., Ltd.
  • Sumitomo Electric Industries, Ltd.
  • SINBON Electronics Co., Ltd.

Based on the power supply type, the AC charging segment is expected to hold the largest market share during the forecast period owing to the low power output and low installation cost

Based on the type, the EV charging cables market has been segmented into AC charging and DC charging. The AC charging segment in EV charging cables market is expected to hold the largest market share during the forecast period owing to the low power output and low installation cost. Moreover, AC charging used in residential and semi-commercial charging stations is considerably another driving factor influencing the growth of this segment.

Based on the charging level, level 3 is expected to hold the fastest-growing segment during the forecast period due to the increased demand for fast charging

Based on charging level, the EV charging cables market has been segmented into level 1, level 2, and level 3. Level 3 is the fastest-growing segment during the forecast period owing to the increased demand for fast charging. Moreover, the countries like China, Japan, and South Korea have witnessed a rapid development of high-power charging infrastructure, which in turn, proliferates the demand of this segment during the forecast period.

Based on region, the Asia Pacific is expected to dominate the EV charging cables market during the forecast period

The Asia Pacific is expected to dominate the EV charging cables industry during the forecast period owing to the increased investments by governments of countries in the region in developing EV charging infrastructure. Moreover, the growth in the Asia Pacific is majorly driven by China, South Korea, and Japan. China is the largest electric vehicle charging cable market. The Japanese and Chinese governments have expected the growth potential of the global EV supply equipment market and thus have adopted various policies and initiatives to encourage major market players to manufacture EV charging infrastructure in domestic markets. A high number of EV charging stations in the region is projected to drive regional EV charging cables market growth.

The report also provides an in-depth analysis of EV charging cables market dynamics such as drivers, restraints, opportunities, and challenges:

Drivers

  • Increasing adoption of electric vehicles
  • Growing demand for electric vehicle fast-charging cables
  • The rapid development of electric vehicle supply equipment

Restraints

  • Development of wireless EV charging

Opportunities

  • Technological advancements for EV charging cables

Challenges

  • Safety issues for various charging cables

COVID-19 Impact on the EV Charging Cables Market Analysis:

During the initial outbreak of COVID-19, production and sales of the vehicles had halted across the globe due to the disruption of the whole supply chain. OEMs had to attend for lockdowns to be lifted before they might resume production, which negatively impacted their businesses. Consequently, vehicle manufacturers are expected to regulate production volumes. Additionally, component manufacturing was suspended, and Tier II and Tier III manufacturers may have faced liquidity issues. To continue operating, the automotive industry is very capital-intensive and relies on frequent financing. The suspension of production during the outbreak and lower demand are expected to possess an unprecedented impact on electric vehicle charging station manufacturers and suppliers, which in turn, impacted the EV charging cables market growth.

*Note: A detailed analysis is specific to the EV charging cables market will be provided in the report

The report also provides an in-depth analysis of key trends in the EV charging cables market:

- The increasing evolution of charging infrastructure towards fast charging drives the EV charging cables industry growth. For instance, Tesla Superchargers, provide 50KW to 400kW of power supply.

The report also provides an in-depth analysis of recent news developments and investments:

  • In February 2021, Sumitomo Electric Industries, Ltd. launched a new CHAdeMO-compatible*1 DC Quick-Charger/Discharger Connector Cable Assembly for electric vehicles (EVs), the SEVD-V3E. The new assembly keeps the high level of safety, durability, compactness, and light-weight of the preceding model, however, it capabilities a new design with a unique mechanism that allows the connector to be inserted into and eliminated from an EV in a single action.
  • In October 2021, Leoni AG signed an agreement with BizLink, an international provider of solutions for cables and connectivity services, on the sales of the business group Leoni industrial solutions.

The unique insights provided by this report also include the following:

  • In-depth Value Chain Analysis
  • Opportunity Mapping
  • Sector Snapshot
  • Key Players Positioning Matrix
  • Regulatory Scenario
  • Strategies Adopted-benchmarking Heat Map
  • Market Trends
  • Covid-19 Impact Analysis
  • Product Comparison
  • Pre & Post COVID-19 Impact on the EV Charging Cables Market
  • Competitive Landscape

Frequently Asked Questions (FAQs)

The global EV charging cables market was valued at USD 410 Mn in 2020 and is anticipated to reach USD 3809 Mn by 2027.

The EV charging cables market is estimated to grow at a compound annual growth rate (CAGR) of 37.5% during 2021-2027.

The Asia Pacific region is expected to dominate the market during the forecast period.

A few key players include, but are not limited to PHOENIX CONTACT, Tesla, TE Connectivity, DYDEN CORPORATION, BESEN-Group, LEONI AG, Prysmian Group, Systems Wire Cable, Eland Cables, and Manlon Polymers.

The safety issues for various charging cables are the major challenge that hampers the market growth.

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Table of Contents EV Charging Cables Market:

Market Introduction

  • Definition
  • Scope Of The Study
  • List Of Assumptions
  • Market Structure
  • Scope of the Study: Segmentation 
  • Timeframe, Currency and Limitations

Research Methodology

  • 3P Research Approach
  • Market Sizing Approach
  • Data Sources
  • Primary Research Coverage

Executive Summary

  • Market Summary
  • Market Snapshot
  • Regional Snapshot
  • Country Snapshot

Premium Insights

  • Key Trend Analysis
  • New revenue Pockets
  • Pain Point Analysis
  • Company Market Share Analysis, by Region
  • Strategies Adopted-Benchmarking Heat Map
  • Regulatory Landscape
  • PESTEL Analysis
  • Regional Lifecycle
  • Competitive Benchmarking

Market Overview & Competitive Landscape

  • Competitive Landscape
  • Investment Scenario by key Players
  • Key Player Overview
  • Product comparison
  • Player Wise Geographic Presence
  • Player Wise Target Customer Segment
  • Recent News
    • Product Launches & upgrades
    • R&D / Innovation
    • Merger & Acquisition
    • JV & Partnership
    • Recognition and others

Market Segmentation (Market Size and Share Analysis)

  • Global Market Size & Historic Growth
  • Market Size by Power Supply Type
    • AC Charging
    • DC Charging
  • Market Size by Application
    • Private Charging
    • Public Charging
  • Market Size by Cable Length
    • 2-5 Meters
    • 6-10 Meters
    • More Than 10 Meters
  • Market Size by Shape
    • Straight
    • Coiled
  • Market Size by Charging Level
    • Level 1
    • Level 2
    • Level 3
  • Market Size by Mode
    • Mode 1 & 2
    • Mode 3
    • Mode 4

Market Dynamics

  • Market Drivers
  • Opportunities
  • Value Chain Analysis
  • Pricing Analysis

COVID – 19 Opportunity Mapping

  • Key Drivers & Anticipated Revival Period
  • Key Trends Analysis
  • Impact on End user Industry
  • Opportunity Analysis

Regional Market Analysis

  • North America
    • US
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • APAC
    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC
  • Latin America
    • Mexico
    • Brazil
    • Argentina
    • Rest of LATAM
  • Middle East & Africa
    • GCC
    • Rest of MEA

Company Profiles

  •  PHOENIX CONTACT
    • Company Fundamentals
    • Financial Analysis (Subject to Availability)
    • Product Portfolio
    • SWOT Analysis
  • Tesla
  • TE Connectivity
  • DYDEN CORPORATION
  • BESEN-Group
  • LEONI AG
  • Prysmian Group
  • Systems Wire Cable
  • Eland Cables
  • Manlon Polymers
  • BRUGG Group AG
  • Aptiv
  • Japan Aviation Electronics Industry, Ltd.
  • Guangdong OMG Transmitting Technology Co., Ltd.
  • Sumitomo Electric Industries, Ltd.
  • SINBON Electronics Co., Ltd.

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