Global Electric Vehicle Charging Cable Market Expected to Reach USD 2,455 Million by 2030, Growing a Huge CAGR of 29% | Growing Market Reports

PUNE, India, September 13, 2022 /PRNewswire/ — According to recent market research published by Growth Market Reports, titled “Global electric vehicle charging cable market by cable length (less than 5 meters, 6 meters to 10 meters and greater than 10 meters), power supply (direct load (DC) and alternating load (AC)), shape (coiled cable and straight cable), charge level ( Tier 1, Tier 2 and Tier 3), Applications (Public Charging and Private Charging) and Regions: Size, Share, Trends and Opportunities Analysis, 2021-2030the market was valued at $664 million in 2021 and is expected to grow at a healthy growth rate of 29% by the end of 2030. The growth of the global electric vehicle charging cable market is attributed to the growing demand for fast charging connections and rapid advancements in charging equipment for electric vehicles.

Key Market Players Profiled in the Report

  • Dyden Company
  • coroplast
  • Chengdu Khons Technology Co., Ltd.
  • BESEN Group
  • Aptiva
  • SINBON Electronics
  • TE connectivity
  • Contact Phoenix
  • Leoni AG
  • General Corporation of Cable Technologies

The report covers comprehensive data on emerging trends, market drivers, growth opportunities and restraints that may change the market dynamics of the industry. It provides an in-depth analysis of market segments which includes products, applications, and competitor analysis.

Download the sample PDF here: https://growthmarketreports.com/request-sample/4539

This report also includes a comprehensive analysis of industry players and covers their latest developments, product portfolio, pricing, mergers, acquisitions, and collaborations. Moreover, it provides crucial strategies that help them grow their market share.

Highlights of Electric Vehicle Charging Cable Market Segments

In terms of cable length, The global electric vehicle charging cable market is segmented into under 5 meters, 6 meters to 10 meters and above 10 meters. The 5-meter segment is expected to grow at a sustainable CAGR over the forecast period, owing to the growing adoption of private electric vehicle charging globally. Cables shorter than 5 meters are widely used in household applications and are easier to store and use. It is difficult for service providers to select the right electric vehicle charging cable length based on customer demand and ease of use for charging automobiles. Additionally, charging stations require cables that are around 18 to 20 feet long due to the growing option of electric vehicles. Thus, the 6 meter to 10 meter segment is estimated to register a CAGR of around 27% during the forecast period.

Food-based, The global electric vehicle charging cable market is divided into direct charging (DC) and alternating charging (AC). The direct charging segment is expected to grow at a significant rate over the forecast period owing to the number of improvements in public terminals. DC fast chargers transfer energy quickly, improving the feeling of flexibility for EV drivers. Direct charging gives faster results in less time. The AC charging segment accounted for a key market share, as AC charging offers 120 V with a charging speed of 22 kW, depending on the automobile and charging infrastructure requirements.

Based on regions, The market is segmented into five major regions, namely, North America, Europe, Asia Pacific, Latin Americaand the Middle East & Africa. The market in Asia Pacific is expected to expand at a significant CAGR over the forecast period. China dominates the regional charging cable market, the government of China has developed a number of events and programs to incentivize key market players to produce electric vehicle charging infrastructure in their own countries.

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Main lessons of the study:

  • Battery electric vehicles have lower levels of noise, greenhouse gas emissions and air pollution. These cars can be recharged at public or private charging stations. Therefore, the demand for charging cables to charge vehicles is growing exponentially.
  • Wireless charging is more convenient than conventional charging and hence is expected to hamper the market growth over the forecast period.
  • The straight cable segment is expected to grow at a significant rate. Straight cables are used in many public charging stations because they are inexpensive, easy to install and require little maintenance.
  • The Tier 3 segment is expected to grow at a sustainable CAGR over the forecast period, due to its growing use in the semi-commercial and residential sectors, including parking lots, apartments, condominiums, and single-family homes. the growing demand for fast charging systems in countries such as Japan, South Koreaand China is a key factor contributing to the growth of the segment.
  • Technological advancements in electric vehicle investments and R&D are expected to create lucrative opportunities for market players.

Read the 198-page Research Report with detailed TOC on “Global Electric Vehicle Charging Cable Market” by Cable Length (Below 5 Meters, 6 Meters to 10 Meters, and Above 10 Meters), Power (direct charging (DC) and alternating charging (AC)), shape (spiral cable and straight cable), charging level (level 1, level 2 and level 3), applications (public charging and private charging) and regions (North America, Latin America, Europe, Asia Pacificand Middle East & Africa) – Global Industry Analysis, Growth, Share, Size, Trends and Forecasts 2021-2030

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Key Segments Covered

Cable length

  • Below 5 meters
  • 6 meters to 10 meters
  • Above 10 meters

Power source

  • Direct charge (DC)
  • Alternating load (AC)

Form

  • spiral cable
  • Straight cable

Charge level

Apps

  • Public charging
  • Private recharge

By regions

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (SOUL)

Other related reports:

  • Global Electric Vehicle Inverter Market By Type (Mild Hybrids, Full Hybrids, Others), by Application (Household, Commercial and Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa)
  • Global electric vehicle charging station market by type (AC charging station, DC charging station, inductive charging station), by application (personal, commercial) and region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast to 2028
  • Global market for fans and blowers for hybrid and electric vehicles by Type (Hybrid and Electric Vehicle Fans, Hybrid and Electric Vehicle Fans), by Application (Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV), Other) and by Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast from 2022 to 2030
  • Global Electric Vehicle (EV) Management Solutions Market by Type (Electric Vehicle Suitability Assessment (EVSA), EV Charging System Management, EV Detection, EV Customer Engagement, Other, EV Management Solution, by Application (government departments, commercial enterprises) and by region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast from 2022 to 2030

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