EV Charging Cables Market Growth Factors, Restraints, Opportunities and Key Players Leoni AG, TE Connectivity, BESEN Group, Aptiv, Phoenix Contact, Coroplast

EV Charging Cables Market by Power Supply (AC and DC), Application (Private Charging and Public Charging), Length (2-5 Meters, 6-10 Meters, and >10 Meters), Shape (Straight and Coiled), Mode, Charging Level, and Region - Global Forecast to 2027

The global EV charging cables market is projected to grow at a CAGR of 39.5%, to reach USD 3,173 million by 2027 from an estimated USD 431 million in 2021. Factors such as increasing adoption of electric vehicles, rapid development of electric vehicle supply equipment, and increasing demand for fast charging cables would drive the growth of the market. On the other hand, high operational cost associated with high power charging can negatively impact the market. High power charging cables require high power from the grid, which adds to the cost of production, installation, and components in a charging station.

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EV charging cables must carry an optimum amount of power to charge the vehicle in the least possible time. High power charging (HPC) cables help electric vehicles cover significantly longer distances with reduced charging time as compared to normal charging cables. Thus, leading manufacturers of EV charging cables have introduced high-power charging cables that can carry current up to 500 amperes. These charging cables and connectors are equipped with a liquid-cooling system to dissipate heat and avoid overheating cables and connectors. In addition, a dedicated controller is used to monitor the temperature and regulate the flow of the coolant. A mixture of water-glycol is widely used as a coolant as it is environment-friendly and easy to maintain

With a significant increase in the adoption of electric vehicles, the demand for DC fast charging cables is expected to rise in the future. Thus, key market players have introduced EV charging cables that take less time to charge the vehicle. New and innovative trends such as EV charging cables with visual monitoring have enhanced safety in the charging process. In April 2019, Leoni AG showcased a special High-Power Charging cable for liquid-cooled charging systems that ensure temperatures in the cable and connector do not exceed a defined level. An optional status-indicating illumination function shows the charging status and condition by changing the color of the cable jacket.

“Mode 1 & 2 segment is the estimated to be the largest market during the forecast period.”

The mode 1 & 2 segment is expected to lead the market during the forecast period. The majority of the OEMs are providing charging cables with their electric vehicles, and the cost of mode 1 & 2 charging cables is significantly less than mode 2 and mode 3. The mode 4 segment is expected to grow at the highest CAGR during the forecast period due to the increasing demand for DC fast chargers across the world.

“Straight cable is expected to dominate the EV charging cables market.”

Straight cables are generally used when multiple charging stations are situated within a short distance. As most of the charging stations are equipped with Type 1 (J1772) connectors, straight cables are commonly used for electric vehicle charging. These cables are easy to handle and involve less manufacturing cost as compared to coiled cables. In addition, these cables spread on the ground and, hence, do not suspend weight on either side of the sockets.

“>10 meters is expected to be the fastest-growing market during the forecast period.”

Growing EV sales and the limited number of charging stations will drive the demand for charging cables to charge multiple vehicles at a single charging station and at the same time. Charging cables with a length above 10 meters have a limited application. These cables are installed if there is the distance between the charging station and the vehicle is long. They can be used in specialized parking lots and for V2G direct operations. Long cables help reduce installation costs and allow the station to be installed closer to the service panel. Asia Pacific is expected to be the largest and fastest-growing market for EV charging cables with a length of above 10 meters due to a rapid increase in the number of electric vehicles

In-depth interviews were conducted with CEOs, marketing directors, innovation and technology directors, and executives from various key organizations operating in the market.

By Company Type:Tier I – 59%, Tier II – 7%, and OEMs – 34%
By Designation: C Level – 26%, Directors – 43%, and Others – 31%
By Region: Asia Pacific – 35%, Europe – 39%, North America – 26%

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The market comprises major manufacturers such as Leoni AG (Germany), TE Connectivity (Switzerland), BESEN Group (China), Aptiv (Ireland), Phoenix Contact (Germany), and Coroplast (Germany). The study includes an in-depth competitive analysis of these key players in the market with their company profiles, recent developments, and key market strategies.

Research Coverage:

The study covers the EV charging cables market across segments. It aims at estimating the market size and future growth potential of this market across different segments such as application, charging level, length, shape, mode, power supply, and region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report:

The report will help market leaders/new entrants in this market with information on the closest approximations of revenue numbers for the overall EV charging cables market and its sub-segments.

This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.

The report also helps stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.

Table Of Contents

1 Introduction
1.1 Objectives Of The Study
1.2 Market Definition
1.2.1 Inclusions & Exclusions
Table 1 Inclusions & Exclusions For Ev Charging Cables Market
1.3 Market Scope
1.3.1 Markets Covered
Figure 1 Ev Charging Cables Market Segmentation
1.3.2 Years Considered For The Study
1.4 Package Size
1.5 Limitations
1.6 Stakeholders
1.7 Summary Of Changes

2 Research Methodology
2.1 Research Data
Figure 2 Research Design
Figure 3 Research Methodology Model
2.1.1 Secondary Data
2.1.1.1 List Of Key Secondary Sources
2.1.1.2 Key Data From Secondary Sources
2.1.2 Primary Data
Figure 4 Breakdown Of Primary Interviews: By Company Type, Designation, & Region
2.1.2.1 List Of Primary Participants
2.2 Market Estimation Methodology
Figure 5 Research Methodology: Hypothesis Building
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
Figure 6 Global Electric Vehicle Charging Cables Market Size: Bottom-Up Approach
2.3.2 Top-Down Approach
Figure 7 Market Size Estimation Methodology For Electric Vehicle Charging Cables Market: Top-Down Approach
Figure 8 Electric Vehicle Charging Cables Market: Research Design & Methodology
Figure 9 Electric Vehicle Charging Cables Market: Research Methodology Illustration Of Aptiv Revenue Estimation
2.3.3 Factor Analysis For Market Sizing: Demand And Supply Side
2.4 Data Triangulation
Figure 10 Data Triangulation
2.5 Factor Analysis
2.6 Research Assumptions
2.7 Research Limitations

3 Executive Summary
Figure 11 Ev Charging Cables Market: Market Dynamics
Figure 12 Ev Charging Cables Market, By Region, 2021–2027
Figure 13 Revenue Shift Driving The Ev Charging Cables Market Growth
Figure 14 Mode 4 Segment To Grow At The Highest Cagr During Forecast Period
3.1 Impact Of Covid-19 On The Ev Charging Cables Market, 2018–2027

4 Premium Insights
4.1 Attractive Opportunities In The Ev Charging Cables Market
Figure 15 Increasing Ev Sales And Growing Demand For Ev Charging Infrastructure Expected To Drive The Market
4.2 Ev Charging Cables Market, By Application
Figure 16 Public Charging Segment Projected To Grow At Higher Cagr During The Forecast Period
4.3 Ev Charging Cables Market, By Charging Level
Figure 17 Level 3 Segment Expected To Grow At Higher Cagr During The Forecast Period
4.4 Ev Charging Cables Market, By Power Supply
Figure 18 Dc Segment Projected To Grow At A Higher Cagr During The Forecast Period
4.5 Ev Charging Cables Market, By Mode
Figure 19 Mode 1 & 2 Segment Expected To Lead The Market During The Forecast Period
4.6 Ev Charging Cables Market, By Shape
Figure 20 Coiled Segment Expected To Grow At A Higher Cagr During The Forecast Period
4.7 Ev Charging Cables Market, By Length
Figure 21 Above 10 Meter Segment Expected To Grow At The Highest Cagr During The Forecast Period
4.8 Ev Charging Cables Market, By Region
Figure 22 Asia Pacific Estimated To Be Largest Market In 2021

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 23 Electric Vehicle Charging Cables Market: Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Adoption Of Electric Vehicles
Figure 24 Global Sales Of Electric Passenger Cars, 2017–2020, (Thousand Units)
5.2.1.2 Reduction In Charging Time
Table 2 Charging Time Required To Charge Electric Vehicle
Figure 25 Charging Time Required To Charge Using Different Charging Types
5.2.1.3 Increasing Price Of Petrol
Table 3 Average Petrol Prices In Us (2016-2020)
Figure 26 Oil Consumption Around The World In Past 10 Years
5.2.1.4 High Charging Efficiency
Figure 27 Charging Efficiency Of Wired And Wireless Charging
5.2.2 Restraints
5.2.2.1 Development Of Wireless Ev Charging
Table 4 Wireless Charging Vs. Plug-In Charging
5.2.2.2 High Cost Of Dc Charging Cables
5.2.2.3 High Initial Investments On Ev Fast Charging Infrastructure
Figure 28 Average Initial Investment Comparison For Different Types Of Fuel Stations
5.2.3 Opportunities
5.2.3.1 Technological Advancements For Ev Charging Cables
5.2.3.2 Government Initiatives Pertaining Ev Charging Infrastructure
5.2.3.3 Development Of Home And Community Charging Systems
Figure 29 Private, Semi-Public, And Public Charging
5.2.4 Challenges
5.2.4.1 Safety Issues For Various Charging Cables
Table 5 Rohs Restricted Substances In Goods
Table 6 Electric Vehicle Charging Cable Market: Impact Of Market Dynamics
5.3 Porter’s Five Forces
Figure 30 Porter’s Five Forces: Electric Vehicle Charging Cables Market
Table 7 Electric Vehicle Charging Cables Market: Impact Of Porters Five Forces
5.3.1 Threat Of Substitutes
5.3.2 Threat Of New Entrants
5.3.3 Bargaining Power Of Buyers
5.3.4 Bargaining Power Of Suppliers
5.3.5 Rivalry Amongst Existing Competitors
5.4 Electric Vehicle Charging Cables Market Ecosystem
Figure 31 Electric Vehicle Charging Cables Market: Ecosystem Analysis
5.4.1 Ev Charging Providers
5.4.2 Tier I Suppliers
5.4.3 Oems
5.4.4 End Users
Table 8 List Of Tier 1 Suppliers, Oems & Ev Charging Providers
5.5 Value Chain Analysis
Figure 32 Value Chain Analysis Of Electric Vehicle Charging Cable Market
5.6 Electric Vehicle Charging Cable Pricing Analysis
Figure 33 Average Selling Price Of Ev Charging Cables, By Application, 2020
5.7 Technology Analysis
5.7.1 Cooling Of High Power Ev Charging Stations
5.7.2 Illuminated Ev Charging Cable
5.7.3 V2x Technology
5.7.4 Selective Metal Coating Technology
5.8 Patent Analysis
Table 9 Important Patent Registrations Related To The Ev Charging Cables Market
5.9 Case Study
5.9.1 A Case Study On Electrical Connection For Aluminum Conductors In Automotive Applications
5.10 Covid-19 Impact Analysis
5.10.1 Covid-19 Analysis
5.10.2 Covid-19 Health Assessment
Figure 34 Covid-19: Global Propagation
Figure 35 Covid-19 Propagation: Select Countries
5.11 Covid-19 Economic Assessment
Figure 36 Revised Gross Domestic Product Forecasts For Select G20 Countries In 2020
5.11.1 Covid-19 Economic Impact—Scenario Assessment
Figure 37 Criteria Impacting The Global Economy
Figure 38 Scenarios In Terms Of Recovery Of The Global Economy
5.12 Covid-19 Impact On Automotive Industry
5.13 Oem Announcements
Table 10 Oem Announcements
5.14 Impact On Ev Charging Cable Production
5.15 Tariff And Regulatory Overview
5.15.1 Netherlands
Table 11 Netherlands: Electric Vehicle Incentives
Table 12 Netherlands: Electric Vehicle Charging Stations Incentives
5.15.2 Germany
Table 13 Germany: Electric Vehicle Incentives
Table 14 Germany: Electric Vehicle Charging Stations Incentives
5.15.3 France
Table 15 France: Electric Vehicle Incentives
Table 16 France: Electric Vehicle Charging Stations Incentives
5.15.4 Uk
Table 17 Uk: Electric Vehicle Incentives
Table 18 Uk: Electric Vehicle Charging Stations Incentives
5.15.5 China
Table 19 China: Electric Vehicle Incentives
Table 20 China: Electric Vehicle Charging Stations Incentives
5.15.6 Us
Table 21 Us: Electric Vehicle Incentives
Table 22 Us: Electric Vehicle Charging Stations Incentives
5.16 Ev Charging Cables Market, Scenarios (2021–2027)
Figure 39 Future Trends & Scenario: Ev Charging Cables Market, 2021–2027 (Thousand Units)
5.16.1 Most Likely Scenario In Ev Charging Cables Market
Table 23 Ev Charging Cables Market (Most Likely), By Region, 2021–2027 (Thousand Units)
5.16.2 Ev Charging Cables Market, Optimistic Scenario
Table 24 Ev Charging Cables Market (Optimistic), By Region, 2021–2027 (Thousand Units)
5.16.3 Ev Charging Cables Market, Pessimistic Scenario
Table 25 Ev Charging Cables Market (Pessimistic), By Region, 2021–2027 (Thousand Units)

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