Press release
EV Charging Cables Market Size Will Hit Big Revenues In Future | Phoenix Contact, EV Teison, Coroplast Group, Sinbon Electronics Co., Ltd., Chengdu Khons Technology
A recent study conducted by the strategic consulting and market research firm Report Ocean revealed that the global EV charging cables market was worth USD 430.9 million in 2021. According to the study, the market is estimated to grow at a CAGR of 39.4%, earning revenue of around USD 4,402.0 million during the forecast period (2022-2028). The growth of the global EV charging cables market can be attributed to the increasing demand for electric vehicles for private and commercial use due to growing awareness of carbon emissions, along with favorable government initiatives, such as European Unions CO2 emissions standards. Furthermore, the development of charging points in different countries owing to public-private ownership is anticipated to boost the demand for the EV charging cables during in the forecast period.
Download Free Sample of This Strategic Report: https://reportocean.com/industry-verticals/sample-request?report_id=MR359
Establishment of Public Charging Points Driving the Global EV Charging Cables Market
Based on applications, the global EV charging cables market is segmented into private charging and public charging. The private charging segment accounts for the largest market share due to the rising investment from private EV charging companies in establishing charging points. However, the public charging segment is projected to witness the highest CAGR during the forecast period due to increasing government investment in establishing charging point infrastructure at public spaces, such as airports, shopping malls, hotels, government offices, highways, etc., as an initiative to promote the use of electric vehicles.
High Demand for Low-Cost Straight Cables Propelling the Global EV Charging Cables Market Forward
Based on shapes, the EV charging cables market is grouped into straight and coiled segments. EV charging cables with straight conductors occupy the largest market share due to their advantages over coiled cables, including lower costs and maintenance, and ease of installation. However, the coiled cables segment is projected to register substantial growth during the forecast period due to their durability. Furthermore, the launch of cost-effective coiled cables is anticipated to boost its demand during the forecast period, thereby driving the segments growth.
Global EV Charging Cables Market - By Charging Levels
Based on charging levels, the EV charging cables market is grouped into level 1 (120 V), level 2 (240 V), and level 3 (300-600V) segments. Among these, the level 2 (240 V) segment accounts for the largest market share. Several reports have revealed that more than half of private electric vehicle owners charge their vehicles at their homes. Level 2, i.e., 240 V is prominently used in residential spaces, such as homes, apartments, retail facilities, and hotels, which acts as a contributing factor to the segments growth.
Request To Download Sample of This Strategic Report:- https://reportocean.com/industry-verticals/sample-request?report_id=MR359
Global EV Charging Cables Market - Regional Insights
Geographically, the EV charging cables market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle-East & Africa. The Asia-Pacific dominated the EV charging cable market in 2021. Europe is also projected to emerge as a potential market for EV charging cables owing to the increasing electric vehicle ownership in personal and commercial spaces in the region. In 2020, the International Energy Agency estimates that electric car registrations doubled to 1.4 million, mainly due to favorable government policies. This is anticipated to boost the demand for the EV charging cables market in the forecast period, propelling the overall market growth.
Impact of COVID-19 on the Global EV Charging Cables Market
The growth of the EV charging cables market was initially negatively halted by the COVID-19 pandemic outbreak. The lockdown imposed by various countries to mitigate the virus spread resulted in the obstruction in the EV manufacturing operations. Several EV charging cable manufacturers also temporarily halted their operations in light of social distancing norms. Furthermore, the government paused its initiatives to establish charging points in order to focus on the healthcare system. A combination of all these factors slowed the market for EV charging cables.
Global EV Charging Cables Market - Competitive Landscape
The leading market players in the global EV charging cables market are Leoni AG, Brugg Group, TE Connectivity Ltd., Eland Cables, Besen International Group Limited, Systems Wire, and Cable LLC, Phoenix Contact, EV Teison, Coroplast Group, Sinbon Electronics Co., Ltd., Chengdu Khons Technology Co., Ltd., Dyden Corporation, General Cable Technologies Corporation, Aptiv plc, AG Electrical, OMG EV Cables, Alishan Cable Industries, 3Q Wire & Cable, MustartPower, and other prominent players.
Request To Download Sample of This Strategic Report:- https://reportocean.com/industry-verticals/sample-request?report_id=MR359
Market Segment:
By Power Supply (Ac Charging (400kw))
By Cable Length (2-5 Meters, 6-10 Meters, >10 Meters)
By Charging Level (Level 1 (120 V), Level 2 (240 V), Level 3 (300-600v))
By Shape (Straight, Coiled)
By Application (Private Charging, Public Charging)
By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA)
The global EV charging cables market is highly competitive and fragmented and dominated by numerous global and regional industry players. The company offers a wide range of products and constantly launches new products to stay ahead in the competition. Additionally, they invest heavily in research and development to innovate their products and focus on improving their distribution channels to increase their market presence. Additionally, competitive strategies such as mergers, acquisitions, collaborations, joint ventures, etc., are prevalent in this market.
Table of Content:
Report Overview
Global Growth Trends
Competition Landscape by Key Players
Data Segments
North America Market Analysis
Europe Market Analysis
Asia-Pacific Market Analysis
Latin America Market Analysis
Middle East & Africa Market Analysis
Key Players Profiles Market Analysis
Analysts Viewpoints/Conclusions
Appendix
Key Reasons to Buy this Report:
Access to date data compiled by means of our researchers. These grant you with historic and forecast data, which is analyzed to inform you why your market is set to change
This allows you to expect market adjustments to continue to be in advance of your competitors
You will be in a position to replica information from the Excel spreadsheet straight into your advertising plans, commercial enterprise presentations, or different strategic documents
The concise analysis, clear graph, and desk structure will allow you to pinpoint the records you require quickly
Provision of market cost (USD Billion) records for every phase and sub-segment
Indicates the area and section that is predicted to witness the quickest increase as nicely as to dominate the market
Analysis through geography highlighting the consumption of the product/service in the area as nicely as indicating the elements that are affecting the market inside every region
Competitive panorama which contains the market rating of the predominant players, alongside with new service/product launches, partnerships, commercial enterprise expansions, and acquisitions in the previous 5 years of organizations profiled
Extensive business enterprise profiles comprising of business enterprise overview, employer insights, product benchmarking, and SWOT evaluation for the primary market players
The cutting-edge as nicely as the future market outlook of the enterprise regarding current traits which contain boom possibilities and drivers as properly as challenges and restraints of each rising as nicely as developed regions
Includes in-depth evaluation of the market from quite a number views via Porter's 5 forces analysis
Provides perception into the market via Value Chain
Market dynamics scenario, alongside with boom possibilities of the market in the years to come, 6-month post-sales analyst help
Request full Report : https://reportocean.com/industry-verticals/sample-request?report_id=MR359
About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today's competitive environment. Report Ocean is a 'one-stop solution' for individuals, organizations, and industries that are looking for innovative market research reports.
Get in Touch with Us:
Report Ocean:
Email: sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 - UNITED STATES
Tel:+1 888 212 3539 (US - TOLL FREE)
Website: https://www.reportocean.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release EV Charging Cables Market Size Will Hit Big Revenues In Future | Phoenix Contact, EV Teison, Coroplast Group, Sinbon Electronics Co., Ltd., Chengdu Khons Technology here
News-ID: 2929370 • Views: …
More Releases from Report Ocean
Japan Internet Advertising Market CAGR of 24.9%, Behind the Scenes Techniques fo …
The Japan Internet Advertising Market has demonstrated remarkable growth, reaching a valuation of USD 29.49 Billion in 2021. With the digital landscape continually evolving, it is forecasted to soar to an impressive USD 112.04 Billion by 2027. This surge represents an anticipated compound annual growth rate (CAGR) of 24.9% over the projected period, highlighting the dynamic and rapidly expanding nature of the digital advertising sector in Japan.
Internet Advertising are set…
Location Analytics Market Through the Looking Glass Techniques for a Profound Un …
This comprehensive market research report offers an in-depth analysis of the global location analytics market from 2019 to 2026. Valued at USD 10,813.6 million in 2019, the market is forecasted to surge to USD 29,878.5 million by 2026, demonstrating a robust Compound Annual Growth Rate (CAGR) of 15.6% throughout the projection period. This report delves into the key drivers, restraints, opportunities, and challenges that are shaping the market, providing stakeholders…
Affiliate Marketing Platform Market Eyes Wide Open Maximizing the Value of Obser …
The Global Affiliate Marketing Platform Market, valued at USD 19,217.4 million in 2021, is projected to witness significant growth over the next decade, reaching an estimated value of USD 36,902.1 million by 2030.
This report provides an in-depth analysis of the market dynamics, growth drivers, challenges, and opportunities that will influence the affiliate marketing landscape over the forecast period of 2021-2030. With a Compound Annual Growth Rate (CAGR) of 7.7%,…
Global Clear Brine Fluids Market Growth Forecast and Trends (2022-2030)
The global clear brine fluids market was valued at US$ 0.95 billion in 2021. It is anticipated to experience growth, reaching a valuation of US$ 1.39 billion by 2030. This growth trajectory translates to a compound annual growth rate (CAGR) of 3.1% during the forecast period from 2022 to 2030. Clear brine fluids, crucial in the oil and gas industry for drilling and completion processes, are poised for increased demand,…
More Releases for Cable
Cable Management Market by Type (Cable Trays, Cable Raceway, Cable Conduits, Cab …
The Cable Management Market would portray a significant CAGR by 2027, as per the latest report published by Allied Market Research.
Allied Market Research recently published a report, titled, “Cable Management Market by Type (Cable Trays, Cable Raceway, Cable Conduits, Cable Connectors &Glands, Cable Carriers, cable Lugs, Cable Junction Boxes, and Others), and End User (IT & Telecommunication, Commercial Construction, Energy, Manufacturing and Automation, Marine, Mining, Healthcare, and Others): Global Opportunity…
Automotive Control Cable Market 2019 Precise Outlook - SAB Cable, Allied Wire & …
Global Automotive Control Cable Market Report 2019-2025 provides insightful data about business strategies, qualitative and quantitative analysis of Global Market. The report also calls for market – driven results deriving feasibility studies for client needs. MarketInsightsReports ensures qualified and verifiable aspects of market data operating in the real- time scenario. The analytical studies are conducted ensuring client needs with a thorough understanding of market capacities in the real- time…
Cable & Accessories Industry - Nexans, General Cable Technologies, ABB, Brugg, P …
Electrical cable, an assembly of one or more wires which may be insulated, used for transmission of electrical power or signals
Wide array and volume of cable & accessories applications, high demand from residential to industrial applications and increasing power demand is expected to drive growth in cable and accessories market. Furthermore, Growth in rural electrification especially in the developing economies, growing use of cable & accessories in various industries and…
Global Submarine Cable Market 2017: General Cable, Nexans, Prysmian Group, Allie …
Submarine Cable Market Research Report 2017
In this report, the global Submarine Cable market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.
Geographically, this report split global into several key Regions, with sales (volume), revenue (value), market share and growth rate of Submarine Cable for these regions, from 2012…
Cable Management System Market (Cable Tray, Cable Ladder, Raceway, Cable Trunkin …
This report on the global cable management system market provides analysis for the period from 2014 to 2024, wherein 2015 is the base year and the years from 2016 to 2024 are the forecast period. Data for 2014 has been included as historical information. The report covers all the prevalent trends and technologies playing a major role in the growth of the cable management systems market over the forecast period…
Global Nuclear Power Cable Market 2016 : Qingdao Hanlan Cable, Jiangsu Shangshan …
A market study based on the "Nuclear Power Cable Market" across the globe, recently added to the repository of Market Research, is titled ‘Global Nuclear Power Cable Market 2016’. The research report analyzes the historical as well as present performance of the global Nuclear Power Cable market, and makes predictions on the future status of Nuclear Power Cable market on the basis of this analysis.
Get Free Sample Copy of Report…
