The global EV Charging Cables market size is expected to reach USD 1,992.5 million by 2026 according to a new study by Polaris Market Research. The report “EV Charging Cables Market Share, Size, Trends, Industry Analysis Report, By Charging Level (Level 1, Level 2, Level 3); By Cable Length (Up to 5 Meters, 6 Meters to 10 Meters, Above 10 Meters); By Application (Public, Private); By Power Supply (Alternate, Direct); By Shape (Coiled, Straight) By Regions; Segment Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Governments all across the world are taking initiatives to promote the adoption of electric vehicles. Countries such as China, India, France, and the U.S. have invested significantly in the development of charging infrastructure to support market growth. Governments have also introduced stringent regulations regarding vehicular emissions to encourage the use of electric vehicles, which further drives the growth of the market. Market players are introducing technologically advanced EV charging cables in the market to appeal to a range of consumers. Innovations in the market have resulted in the launch of charging cables with reduced charge time and low overall costs. Technological advancement in terms of miniaturization and improvement of components has encouraged established organizations, and small and medium enterprises to invest in EV charging cables.
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The different charging levels used in the global market include level 1, level 2, and level 3. Level 1 is a single-phase cable that provides battery recharge through an alternating-current plug and a dedicated circuit. It does not require the installation of charging equipment. It usually requires 8 to 12 hours to completely charge a battery, and is usually used for home purposes.
On the basis of application, the market is segmented into public and private. The governments across the world are investing significantly in deployment of public charging infrastructure by subsidizing the construction of charging stations. France has declared its goal to deploy 7 million outlets by 2030 for the cars to recharge. In 2016, Korea upgraded its former target of deploying publicly accessible fast chargers from 1,400 to 3,000 by 2020 to increase the adoption of electric vehicles. Norway provides public funding for construction of fast-charging stations every 50 km on main roads. In the United Kingdom, $650 is offered for the installation of a dedicated home charger for an electric car.
The market is segmented into Alternate, and Direct Charging based on power supply. AC transforms the incoming AC and into DC, and then forwarded to the battery pack. AC stations are widespread and offer vehicle recharge at affordable rates. However, the demand for DC is increasing owing to faster charging duration. BMW has launched its BMW Digital Charging Service (DCS), which is an intelligent cost-effective service optimizing charging technology for BMW i and BMW iPerformance vehicles. After activation of DCS, the recharge process is carried out independently and autonomously. DCS is based on principles on Tariff and solar optimised vehicle recharge. On the basis of shape, the market is segmented into straight and coiled. In 2019, the straight EV charging cables dominated the global market.
Asia Pacific emerged as the largest market in 2019 and is expected to maintain its dominance over the forecast period. Growing concerns regarding air pollution and increasing need of fuel efficient vehicles have increased the number of electric cars in countries, such as China, U.S., India, and Japan, driving the growth of market. The National Electric Mobility Mission Plan (NEMMP) 2020 in India projects sales of 6–7 million units of electric vehicles, and a subsequent fossil fuel saving of 2.2 – 2.5 million tons. This would result in considerable reduction in vehicular emissions, and decrease in carbon dioxide emissions by up to 1.5% by 2020. The increasing penetration of electric vehicles is expected to fuel development of enhanced charging infrastructure, further increasing the demand for EV charging cables.
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Vendors in the global market are expanding their geographical presence and product portfolios to strengthen their presence. The developing nations of Asia-Pacific would provide significant growth opportunities in the market. Some of the major market participants include Phoenix Contact, Dyden Corporation, TE Connectivity, Coroplast, Leoni AG, BESEN International Group, Sinbon Electronics, Systems Wire and Cable, General Cable Technologies Corporation, Chengdu Khons Technology Co., Ltd., Manlon Polymers, Eland Cables, EV Teison, Aptiv Plc., and Brugg Group.
Polaris Market research has segmented the EV Charging Cables market report on the basis of Charging Level, Cable Length, Application, Power Supply, Shape, and Region
EV Charging Cables Charging Level Outlook (Revenue, USD Million, 2015 – 2026)
- Level 1
- Level 2
- Level 3
EV Charging Cables Cable Length Outlook (Revenue, USD Million, 2015 – 2026)
- Upto 5 Meters
- 6 Meters to 10 Meters
- Above 10 Meters
EV Charging Cables Application Outlook (Revenue, USD Million, 2015 – 2026)
- Public
- Private
EV Charging Cables Power Supply Outlook (Revenue, USD Million, 2015 – 2026)
- Alternate
- Direct
EV Charging Cables Shape Outlook (Revenue, USD Million, 2015 – 2026)
- Straight
- Coiled
EV Charging Cables Regional Outlook (Revenue, USD Million, 2015 – 2026)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- RoE
- Asia Pacific
- China
- India
- Japan
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Colombia
- RoLATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Israel
- UAE
- RoMEA
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The report “EV Charging Cables Market Share, Size, Trends, Industry Analysis Report, By Charging Level (Level 1, Level 2, Level 3); By Cable Length (Up to 5 Meters, 6 Meters to 10 Meters, Above 10 Meters); By Application (Public, Private); By Power Supply (Alternate, Direct); By Shape (Coiled, Straight) By Regions; Segment Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Governments have also introduced stringent regulations regarding vehicular emissions to encourage the use of electric vehicles, which further drives the growth of the market.
Vendors in the global market are expanding their geographical presence and product portfolios to strengthen their presence.
Some of the major market participants include Phoenix Contact, Dyden Corporation, TE Connectivity, Coroplast, Leoni AG, BESEN International Group, Sinbon Electronics, Systems Wire and Cable, General Cable Technologies Corporation, Chengdu Khons Technology Co., Ltd., Manlon Polymers, Eland Cables, EV Teison, Aptiv Plc., and Brugg Group.
AC transforms the incoming AC and into DC, and then forwarded to the battery pack.
On the basis of shape, the market is segmented into straight and coiled.
The EV Charging Cables market size is expected to reach USD 1,992.5 million by 2026 according to a new study by Polaris Market Research.
The report “EV Charging Cables Market Share, Size, Trends, Industry Analysis Report, By Charging Level (Level 1, Level 2, Level 3); By Cable Length (Up to 5 Meters, 6 Meters to 10 Meters, Above 10 Meters); By Application (Public, Private); By Power Supply (Alternate, Direct); By Shape (Coiled, Straight) By Regions; Segment Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Governments have also introduced stringent regulations regarding vehicular emissions to encourage the use of electric vehicles, which further drives the growth of the market.
Market players are introducing technologically advanced EV charging cables in the market to appeal to a range of consumers.
Technological advancement in terms of miniaturization and improvement of components has encouraged established organizations, and small and medium enterprises to invest in EV charging cables.Get Sample PDF @ https://www.polarismarketresearch.com/industry-analysis/ev-charging-cables/request-for-sampleAsia Pacific emerged as the largest market in 2019 and is expected to maintain its dominance over the forecast period.
The National Electric Mobility Mission Plan (NEMMP) 2020 in India projects sales of 6–7 million units of electric vehicles, and a subsequent fossil fuel saving of 2.2 – 2.5 million tons.
According to the latest report by IMARC Group, titled “Artificial Intelligence Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” the global artificial intelligence market size experienced healthy growth during 2014-2019.
Artificial intelligence (AI) refers to the branch of computer science that deals with the simulation of human intelligence for the development of programmable machines.
These machines are programmed to think like humans and mimic their actions.
AI is characterized by its ability to rationalize and act as a plausible option for achieving a certain goal.Request for a free sample copy of this report: https://www.imarcgroup.com/artifical-intelligence-market/requestsampleMarket TrendsThe AI market is primarily driven by the rising adoption of cloud-based services and increasing digitization.
Numerous applications of AI across various industries are acting as another major growth-inducing factor.
For instance, in the financial industry, AI is used to detect and flag activity in banking and finance processes.
Military Infrastructure Industry Market was valued at US$ 30Bn in 2017 and is expected to reach US$ 46Bn by 2026, at a CAGR of 5.49% during a forecast period.Military infrastructure modernization initiatives undertaken by the world Leading and developing countries.
Rising expenses in military via private and government sector will grow more opportunity into Military Infrastructure Industry Market.
Rising tense between countries modern warfare is as technological as it can get, with remotely operated and expendable drones, tanks and similar battlefield machinery replacing the human element, Military Infrastructure Industry is growing in this region in order to monitor suspicious activities, Effective infrastructure act as pillars of the military around the globe this factor is expected to impact more on the growth of Military Infrastructure Industry Market.Global Military Infrastructure Industry MarketBased on the Solution, Infrastructure Construction segment is expected to hold the largest share in the market during the forecast period due the Effective infrastructure and logistics services act as pillars of the military around the globe, the global defense industry is investing significantly into research and development, to support the defense organizations for timely delivery of essential materials, Emerging nations such as Brazil, India, and China are placing military infrastructure on top of their priority list, Cross border terrorism and security threats also fueling more demand of better infrastructure and increasing support to military personnel will boost demand in market.The report provides details list of drivers and restraints of the market, which are influencing the market growth.Major driving factors of the Military Infrastructure Industry market are specialized missions such as surgical strikes, which has warranted increased surveillance, Positive product outlook owing to integrated system architecture and leading-edge technology offering superior performance and reliability will drive the industry demand, Rise in interdependencies linked to commercial trade, partnerships, and treaty obligations have increased complications and impacted overall military and economic balances.
Modernization initiatives undertaken by several of countries armed forces are also expected to be one of the key drivers.
Government policy and lack of time process will act as a restraint to the market.In terms of region, Asia Pacific is expected to hold the largest share in the market during the forecast period owing to increased maritime security sector, Growing population along with high profitability achieved in Defense industry are the key factors for industry growth, the expansion of economies and the spending in defense is growing at very vast in Asia.
Region’s military infrastructure and logistics market upgrade up to $68Bn in recent years, increased military spending and arms purchasing by regional countries are often identified as key indicators.
