Press release
What are the upcoming technology advancements in EV charging cables?
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Public charging is the fastest growing segment during the forecast period.
Public charging stations are installed at taxi stands, highways, government offices, parking lots of commercial properties, hotels, airports, and shopping malls. These charging stations have a high voltage and can charge a vehicle in the least possible time. To increase the adoption of electric vehicles, leading OEMs have partnered with the governments of various countries to install public charging stations. In addition, increasing demand of electric vehicle owners to reduce the charging time of electric vehicle would further drive the market growth of public charging stations.
Coiled cable is expected to be the fastest growing segment.
Coiled cables, also known as spiral cables, are easy to maintain as they do not spread over the surface like straight cables. Thus, coiled cables are more durable than straight cables. In addition, these cables need lesser storage space than straight cables. They do not lie on the floor and prevent a tripping hazard. Coiled cables for Type 2 allow 32 amps of charge flow inside the vehicle. At public charging points in Europe, coiled cables are used for Type 2 charging port. Further developments are expected to reduce the price of coiled cables, which in turn would boost the demand for these cables.
North America is expected to be the fastest growing market.
North America is a regional hub for many renowned OEMs, which are known for delivering quality and high-performance vehicles. Various OEMs have installed electric vehicle charging network to increase the adoption of electric vehicles in the region. In Canada, various companies have collaborated to increase the number of charging stations and promote the adoption of electric vehicles. In addition, the presence of leading companies that provide electric vehicle charging infrastructure and supply equipment is expected to drive the market in North America.
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Key Players:
The major market players include Leoni AG (Germany), TE Connectivity (Switzerland), BESEN Group (China), Aptiv (Ireland), Phoenix Contact (Germany), and Coroplast (Germany).
Critical Questions:
• How do Tier I and Tier II players plan to accelerate charging process in the least possible time?
• How will the implementation of safety mandates and material usage impact the overall market?
• What are EV charging cables manufacturers doing to meet the requirements of fast charging stations?
• What are the upcoming technology advancements in EV charging cables?
• What could be the possible developments in EV charging cables? How can heat dissipation be treated in high power charging cables?
View Toc @ https://www.marketsandmarkets.com/Market-Reports/ev-charging-cable-market-71981137.html
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Country: United States
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth emerging opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
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