EV Charging Cables Market size was valued at USD 665.51 Mn. in 2022 and the total revenue is expected to grow at 29.9% of CAGR through 2023 to 2029, reaching USD 4,153.58 Mn.
EV Charging Cables Market Overview:
The primary goal of this research is to assist the user in understanding the EV Charging Cables Market in terms of definition, segmentation, market potential, significant trends, and the problems that the EV Charging Cables industry faces in key regions and nations. The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.
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EV Charging Cables Market Scope:
The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.
EV Charging Cables Market Segmentation:
The EV Charging Cables Market is divided into Modes 1 and 2 and Modes 3, Mode 4 based on Type. During the projected period, mode 4 type is anticipated to dominate the market for EV charging cables. Since they provide the vehicle with AC power, which an onboard AC/DC converter transforms into DC power, the first three modes are independent of Mode 4. This charging option is highly recommended because it is the only one that has an off-board charger with a DC output. The DC current is transmitted directly to the battery without using the inbuilt charger. This mode can deliver 600 V DC with a maximum current of 400 A. Due to the high power level of this mode, more stringent safety precautions must be used.
The EV Charging Cables Market is divided into AC Charging and DC Charging based on the power supply mode. In 2022, DC charging had the biggest market share. The car can be charged much more quickly with DC charging than with AC charging. Currently, 50 kWh charging stations are the most prevalent, but 150 kWh stations have already been seen, and 270 kWh and 350 kWh chargers are starting to surface. As a result, there is a continuing need to create connectors that are more efficient.
Fast DC charging is in greater demand, and the combined charging system, or CCS, makes it possible. These original plugs have two additional Type 1 or Type 2 pins located at the bottom. Only the communication pin and the earth conductor—which serves as the safety systems' reference point—are used from the top section for DC charging, whereas these two bottom pins participate in the charging process itself. 350 kW of electricity may be handled by these connectors. It is currently the DC connection type that is most frequently utilized. While Type 2 CCS is used in Europe, Type 1 CCS is used in the US.
1 Global EV Charging Cables Market, Shape (2022-2029)
• Straight
• Coiled
2 Global EV Charging Cables Market, Mode (2022-2029)
• Mode 1&2
• Mode 3
• Mode 4
3 Global EV Charging Cables Market, power supply (2022-2029)
• AC Charging
• DC Charging
4 Global EV Charging Cables Market, Length (2022-2029)
• 2 - 5 meter
• 6 - 10 meter
• >10 meter
5 Global EV Charging Cables Market, Charging Level (2022-2029)
• Level 1
• Level 2
• Level 3
6 Global EV Charging Cables Market, Diameter (2022-2029)
• Up to 10mm
• 10 mm to 20 mm
• more than 20mm
7 Global EV Charging Cables Market, by Region (2022-2029)
• North America
• Europe
• Asia Pacific
• The Middle East and Africa
• South America
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EV Charging Cables Market Key Players: The study discusses the key market players who are engaged in the industry, such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors, and so on. The key players in the EV Charging Cables market are
1. Tesla, Inc.(US)
2. General Cable Technologies Corporation(US)
3. Coroplast(US)
4. Aptiv Plc.(US)
5. Phoenix Contact(Germany)
6. Dyden Corporation(Japan)
7. Leoni AG(Germany)
8. BESEN International Group( China)
9. EV TEISON( China)
10.Chengdu Khons Technology Co., Ltd.( China)
11.Manlon Polymers(India)
12.Eland Cables(UK)
13.Brugg Group(Switzerland)
14.TE Connectivity(Switzerland)
15.TE Connectivity(Switzerland)
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Regional Analysis:
The report focuses on Global Regions and Market Size of EV Charging Cables, and development forecast 2021-2027, including industries, major players, suppliers worldwide, and market share by regions, with company and product introduction, position in the market including their market status and development trend by types and applications, which will provide its price and profit status, and marketing status, with 2020 as the base year.
COVID-19 Impact Analysis on EV Charging Cables Market:
The report discusses the impact of COVID-19: Since the breakout of the COVID-19 virus in December 2019, the disease has spread to practically every country on the planet, prompting the WHO to declare it a public health crisis. The worldwide effects of the coronavirus epidemic are already being noticed, and they will have a considerable influence on the EV Charging Cables industry in 2021.
Key Questions Answered in the EV Charging Cables Market Report are:
- What is the function of EV Charging Cables?
- What is the predicted revenue generation of the EV Charging Cables market?
- At what growth rate is the EV Charging Cables market evolving?
- Who are the major market giants operating in the EV Charging Cables market?
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