Press release
Electric Vehicle Charging Cables Market Current Trends, Comprehensive Analysis and Regional Forecast to 2031 | TMR
Key Drivers of Electric Vehicle Charging Cables Market
Rise in demand for vehicle electrification across the globe, due to enactment of stringent emission norms across the globe to reduce the emission of harmful gases from vehicles, is likely to boost the electric vehicle charging cables market across the globe. Increase in rate of adoption of electric vehicles fuels the demand for charging stations. This is anticipated to be a key factor that is likely to drive the electric vehicle charging cables market during the forecast period.
Rise in demand for high speed charging stations is prompting electric vehicle charging cable manufacturers to develop advanced cables for high speed charging. Rise in government investment to develop charging infrastructure across the globe is likely to fuel the electric vehicle charging cables market across the globe. Rapid expansion of electric component manufacturing industries across the globe is likely to further fuel the electric vehicle charging cable market.
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The coronavirus panic spread extensively across the globe between March and April 2020. Global automobile and related component production, import, and export, have been heavily hit by the pandemic. Companies with a heavy production and sales footprint across the globe already see a direct impact and are expected to presently start a recovery phase. Companies with heavy production and sales footprint in Asia, Western Europe, and North America are currently fighting the situation
Europe & Asia Pacific to hold significant share of global electric vehicle charging cables market
Europe is projected to hold for a major share of the global electric vehicle charging cables market due to a rise in the demand for electric vehicle across the region. Rapid expansion of electric vehicle component manufacturers across the region also boosts the electric vehicle charging cables market. Europe has presence of major original equipment manufacturers as well as tier-1 suppliers, including Leoni AG and Phoenix Contact who have major facilities that undertake research & development on the electric vehicle charging cable, is likely to propel the electric vehicle charging cables market across the Europe
Followed by Europe, Asia Pacific is projected to hold a significant share of the global electric vehicle charging cables market due to an increase in production of electric vehicles across the region. Asia Pacific has major presence of electric vehicle parts manufacturing industries across China, India, and Japan is anticipated to propel the electric vehicle charging cables market across Asia Pacific
Key Players Operating in Electric Vehicle Charging Cables Market
The electric vehicle charging cables market is expanding consistently, as a large number of players operate in the market. A few of the key players operating in the electric vehicle charging cables market are:
Tesla, Inc.
Phoenix Contact
Dyden Corporation
TE Connectivity
Coroplast
Leoni AG
BESEN International Group
TE Connectivity
General Cable Technologies Corporation
Chengdu Khons Technology Co., Ltd.
Manlon Polymers
Eland Cables
EV TEISON
Aptiv Plc.
Brugg Group
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Global Electric Vehicle Charging Cables Market: Research Scope
Global Electric Vehicle Charging Cables Market, by Electric Vehicle Type
Battery Electric Vehicle (BEV)
Hybrid Electric Vehicle (HEV)
Plug-in Hybrid Electric Vehicle (PHEV)
Global Electric Vehicle Charging Cables Market, by Vehicle Type
Passenger Vehicle
Light Commercial Vehicle
Heavy Duty Trucks
Bus & Coach
Global Electric Vehicle Charging Cables Market, by Power Supply Type
AC Charging
DC Charging
Global Electric Vehicle Charging Cables Market, by Cable Length
2-5 Meters
6-10 Meters
>10 Meters
Global Electric Vehicle Charging Cables Market, by Current
16-32 Amp
33-72 Amp
Global Electric Vehicle Charging Cables Market, by Charging Level
Level-1
Level-2
Level-3
Global Electric Vehicle Charging Cables Market, by Application
Private Charging
Public Charging
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