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EV Charging Cables Market with Competitive Analysis, Top Key Players, Market Growth, Opportunity, Trends, Service, Forecast To 2028
EV Charging Cables Market
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Incentives introduced by multiple national governments are expected to drive the Europe EV charging cables market growth in the next five years. Europe has been a fastest region in the growth of the electric vehicle market: a compound annual growth rate of 60% from 2016 to 2020, compared with increases of 36% in China and 17% in the US, according to the International Energy Agency (IEA). In the EU's largest market, Germany, several policies have been designed to increase EV charging cables market size. As per the policy, any privately owned EVs registered until the end of 2020 will have a 10-year tax exemption, and EVs with a sales price below US$ 45,300 will qualify for a US$ 10,100 subsidy until December 2021 EV Charging Cables Market research involves the study of various factors affecting the industry, including market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers, and challenges. New Report on "EV Charging Cables Market" makes a brilliant attempt to unveil key opportunities available in the global Digital Pump Controller Industry to help players in achieving a strong market position. Adapting to the recent novel COVID-19 pandemic, the impact of the COVID-19 pandemic on the global EV Charging Cables Market is included in the present report. The influence of the novel coronavirus pandemic on the growth of the EV Charging Cables Market is analyzed and depicted in the report.
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Top Listed Players in this Report are:
Besen International Group Co., Ltd.
Coroplast Group
Dyden Corporation
General Cable Technologies Corporation
Phoenix Contact E-Mobility
Sinbon Electronics Co., Ltd.
Systems Wire and Cable
TE Connectivity
Teison Energy Technology Co., Ltd.
Aptiv
Market Insights - EV Charging Cables Market
The EV charging cables market was dominated by the Rest of the World. Europe is the second-largest contributor to the market, followed by North America. In North America, the increasing demand from electric vehicle owners to reduce the charging time of electric vehicles and rising interest and development by various public and private market players in the region propel the EV charging cables market size. For instance, in 2020 Xcel Energy planned to invest US$ 110 million to prepare for 20% EV market penetration in Colorado by 2030. In 2020, Uber and Lyft announced intentions to be 100% electric by 2030.
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Cable Length-Based Insights:
Based on cable length, the EV charging cables Market is segmented into 2-5 meters, 6-10 meters, and >10 meters. In 2021, the 2-5 meters segment dominated the EV charging cables market. There is a high demand for 2-5 meters cable in homes and the charging station where the area of the station is small. Also, the same segment is expected to retain its dominance during the forecast period.
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