Press release
EV Charging Cables Market Size Was Valued At Around USD 676.2 Million In 2021 And Expected To Grow At A CAGR Of 18.4% During The Forecast Period
Global EV Charging Cables Market
This market study on electric vehicle charging cables details recent developments, trade laws, production analysis, value chain optimisation, market share, and the effects of domestic and regional market participants. It also examines potential revenue pockets, regulatory changes, strategic market growth analysis, market size, category market expansions, application niches and dominance, product approvals, and product information. Contact us for more details about the market for electric car charging cables. Our team will assist you in making an informed market decision to achieve market growth by conducting market research for an analyst brief.
A charging cable for electric vehicles (EVs), such as battery-electric automobiles (BEVs) and plug-in hybrid vehicles (PHEVs), connects the EV to the charging station and provides electricity for the recharging of EVs. These cables consist of three components: a connection that plugs into the car, a wire, and a third plug that is connected to a power source. The AC power from the wall socket is largely collected and transformed into DC power by this device. These charging cables also have a liquid cooling mechanism that evenly distributes heat and lowers the possibility of overheating.
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Electric vehicles (EVs) are becoming more and more common as a result of cost reductions and technological advancements. Support for environmentally friendly transportation has increased the number of charging outlets and sped up EV uptake. Additionally, because of growing concerns over vehicle pollution and the depletion of nonrenewable energy sources, a number of governments have decided to invest in electric vehicles. European countries were among the first to use electric vehicles for transportation.
Some of the key players operating in the market include:
TE Connectivity Ltd.
Sumitomo Electric Industries Ltd.
Phoenix Contact GmbH & Co. KG
Aptiv PLC
Leoni AG
Schneider Electric SE
BESEN International Group
Nexans S.A.
EVoCharge, Inc.
Dyden Corporation
Market Segmentation:
By Type:
• AC charging cables
• DC charging cables.
By Material:
• Copper
• Aluminium cables
By Application:
• Residential
• Commercial applications.
By End User:
• OEMs
• Aftermarket
Region
North America
• U.S.
• Canada
• Mexico
Europe
• U.K.
• Germany
• France
• Italy
• Spain
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Rest of Asia Pacific
South America
• Brazil
• Argentina
• Rest of South America
Middle East and Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of Middle East and Africa
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Market Dynamics:
Electric car charging cable producers are creating cutting-edge cables for high-speed charging in response to the increased demand for high-speed charging stations. The global market for electric car charging connections is predicted to be stimulated by an increase in public and private investment to supply charging infrastructure. The market for charging cables for electric vehicles is likely to expand rapidly due to the widespread manufacture of electric components. In order to identify possible market prospects, the research analyses growth by region and the impact of its penetration on value terms.
There are certain differences between smartphone charging and wireless automotive charging, which is an upgraded form of it. It makes automatic, cable-free charging of EVs possible. The market for wireless charging of EVs is expected to grow as a result of rising EV adoption, the desire for high-end vehicles, the development of semi-autonomous and autonomous vehicles, and the surge in demand for vehicle safety. These developments in wireless EV charging are impeding the growth of the market for EV charging cables. For instance, this technology is widely used for stationary EV charging in EV buses in countries like China and Germany. Sweden also built an electric road that allows for vehicle recharging. This has a significant impact on the wired EV charging business.
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Key Questions Answered in This Report:
1. How has the global EV charging cables market performed so far, and how will it perform in the coming years?
2. What are the drivers, restraints, and opportunities in the global EV charging cables market?
3. What is the impact of each driver, restraint, and opportunity on the global EV charging cables market?
4. What are the key regional markets?
5. Which countries represent the most attractive EV charging cables market?
6. What is the breakup of the market based on the cable length?
7. Which is the most attractive cable length in the EV charging cables market?
8. What is the breakup of the market based on the shape?
9. Which is the most attractive shape in the EV charging cables market?
10. What is the breakup of the market based on charging level?
Contact Us:
We Market Research
Phone: +1(650)-666-4592
Email: sales@wemarketresearch.com
Web: https://wemarketresearch.com/
About We Market Research:
WE MARKET RESEARCH is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets.
Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. WE MARKET RESEARCH is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.
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