Press release
EV Charging Cables Market Increasing Demand 2022 at Growth Rate of 20% by Sales, Top Manufacturers Specification, Latest Innovation and Forecast 2029
The Global EV Charging Cables Market is forecast to reach above USD 3.5 billion by 2029 by rising at a compound annual growth rate (CAGR) of 20% throughout the forecast period from 2019 to 2029EV Charging Cables Market Overview
An electric vehicle (EV) charging cable connects the charging station to the vehicle and provides power for recharging EVs such as battery-electric vehicles (BEVs) and plug-in hybrid automobiles (PHEVs). There are three elements to these cables: a connector that plugs into the vehicle, a length of wire, and another socket that connects to a power source. It primarily receives and transforms AC power from a wall socket into DC power. Furthermore, these charging cables feature a liquid cooling system that evenly distributes heat and minimises the risk of overheating. Meanwhile, due to its ease of maintenance and environmental benefits, the water-glycol mixture is the most extensively utilised coolant for such cooling systems. A controller is also included.
The global EV Charging Cables market report widely offers the latest information about technological developments and market growth forecasts based on the regional landscape.
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Industry Development
In October 2020, SINBON Electronics Co., Ltd. was named one of the top ten high-tech electric vehicle (EV) solution firms in Asia-Pacific by the automotive journal "Autotech Outlook" for two consecutive years. Since 2012, the company has been committed to expand the EV sector and has already established as a significant provider of wiring harnesses for charging systems for electric vehicles.
In April 2021, Phoenix Contact announced that its CHARX connect mode-3 charging cable product family is expanding and launched a new AC charging cables for charging current up to 48 A. For the North American e-mobility market, UL-certified AC charging cables with a rated current capacity of 48 A are now available.
Research Methodology:
To calculate the market size, the report considers the revenue generated from the sales of EV Charging Cables market manufacturers. The revenue created from the sales of EV Charging Cables Market has been calculated through primary and secondary research.
The market size assessment also considered leading players revenues as part of triangulation the key players considered are EV Charging Cables Market by Application 2019-2028, (In USD Million)
Private Charging
Public Charging
EV Charging Cables Market by Charging Level, 2019-2028, (In USD Million)
120V
240V
300-600V
EV Charging Cables Market by Power Supply 2019-2028, (In US and Others.
The EV Charging Cables Market has been segmented as below:
Leoni AG, TE Connectivity, BESEN Group, Aptiv, Phoenix Contact, and Coroplast
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EV Charging Cables Market: Regional Analysis
Geographically, this report is segmented into several key countries, with market size, growth rate, import and export of EV Charging Cables market in these countries, which covering North America, U.S., Canada, Europe, UK, Germany, France, Spain, Italy, ROE, Asia Pacific, China, India, Japan, Australia, South Korea, RoAPAC, Latin America, Brazil, Mexico and Rest of the World.
Geographically, the market is dominated by APAC, North America and Europe.
Major Key areas that have been focused on in the report:
Raw material supply analysis
Major trends noticed in the Global EV Charging Cables Market
Market Geographic limitations, and pricing issues
Distribution, scheduling, performance, and supplier requirements
Growth opportunities that may emerge in the industry in the upcoming years
In-depth value chain analysis
Sustainability trends and environmental concerns
Market Gap and Opportunities
Global Market Growth Drivers, Opportunities, and Constraints.
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