EV Charging Cables Market Overview by Top Players Segments Demand and Forecast till 2028

The "EV Charging Cables Market" is expected to grow from US$ 513.36 million in 2022 to US$ 3,551.78 million by 2028. It is estimated to grow at a CAGR of 38.0% from 2022 to 2028.

The Rest of the World EV charging cables market analysis covers Asia Pacific, the Middle East & Africa (MEA), and South America. The Asia Pacific region is a major contributor to automobile manufacturing, with extensive manufacturing facilities located in China, India, and Japan, a large consumer base, and key automotive players operating in the region. This has led to the growth of the EV charging cables market in the region, driven by the increasing production capacity of EVs and advancements in technology. China, in particular, has the largest EV market in the Asia Pacific region, with a high number of publicly owned charging stations. The country built 87,000 new public EV charging stations in May 2022 alone, resulting in a 60.5% increase compared to the previous year, according to a report by the China Electric Vehicle Charging Infrastructure Promotion Alliance (EVCIPA).

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Companies Profiled in this report includes:

• 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
• Leoni AG
• BRUGG eConnect
• Ionity GmbH
• Chengdu Khons Technology Co., Ltd

Asia Pacific is experiencing a significant increase in demand for electric vehicles (EVs) from countries such as China, South Korea, Japan, India, and Singapore. This surge in EV sales has had a notable impact on the EV charging cables market, prompting manufacturers to focus on developing energy-efficient technologies that reduce CO2 emissions and increase fuel efficiency. The region's focus on reducing dependency on traditional petrol and diesel fuel sources, along with government incentives promoting the use of EVs, has further fueled the growth of EV manufacturing and sales. Market research by the International Energy Agency IEA suggests that EV sales in Asia rose by around 75% in 2021, with total annual sales projected to reach approximately 10.9 million units by 2030, up from a predicted 1.4 million units in 2029.

According to the IEA's Global EV Outlook 2021, China currently has the largest fleet of 4.5 million electric cars, and India is expected to witness around 48,000 additional EV charging points over the next few years with an investment of approximately US$150 million (~INR 14,000 crore). As EV penetration grows in the two-wheeler, three-wheeler, and bus segments, charging infrastructure is expected to expand further in Asia Pacific. By FY2025, electric two-wheelers are expected to account for 13-15% of total new vehicle sales, while electric three-wheelers and e-buses are projected to account for more than 30% and 8-10%, respectively. Although India currently has less than 2,000 public charging stations, developments in economically developed regions are contributing to the growth of the EV charging cables market.

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EV Charging Cables Market Segmentation:

By Type:
• Private Charging
• Public Charging
• By Power Supply Type:
• Alternate Charging
• Direct Charging

By Cable Length:
• 2 Metres to 5 Metres
• 6 Metres to 10 Metres
• Above 10 Metres

By Charging Level:
• Level 1
• Level 2
• Level 3

By Jacket Material:
• All-Rubber Jacket
• Thermoplastic Elastomer (TPE) Jacket
• Polyvinyl Chloride (PVC) Jacket

The analysis of the EV charging cables market has been conducted using both primary and secondary sources. The research process began with extensive secondary research, which involved gathering qualitative and quantitative information from internal and external sources. This approach helped to obtain a comprehensive overview and forecast of the market size for all segments.Moreover, industry experts and commentators were interviewed to validate the data and gain further analytical insights. The participants in this process included VPs, business development managers, market intelligence managers, and national sales managers. External consultants, such as valuation experts, research analysts, and key opinion leaders, who specialize in the EV charging cables market were also consulted. Overall, a combination of primary and secondary research approaches has been used to ensure that the analysis is comprehensive and accurate, and to provide insights into the EV charging cables market's current and future trends.

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