openPR Logo
Press release

EV Charging Cable Market Size, Share, Forecast, Report by 2030

Attractive opportunities in EV Charging Cable Market

Attractive opportunities in EV Charging Cable Market

The global EV charging cable market is projected to grow from USD 1.3 billion in 2023 to USD 3.9 billion by 2030, registering a CAGR of 16.7%.

The Electric Vehicle (EV) charging cable market is currently undergoing a dynamic transformation driven by the rapid proliferation of electric vehicles. As the global consciousness shifts toward eco-friendly transportation and governments worldwide incentivize electric mobility, the demand for innovative charging solutions has reached unprecedented heights. This flourishing EV market owes its robust growth to a confluence of factors, including environmental awareness, infrastructure investments, and pioneering technological advancements reshaping the charging of electric vehicles. EV Charging cable demand also increases with growing EV adoption and setup of EV charging stations.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=71981137

EV charging with AC power supply to be the largest market during the forecast period

The AC segment is projected to claim the largest share, driven by the widespread adoption of Level 2 AC charging solutions in various regions. AC charging cables are used for charging electric vehicles in households and public places such as residential complexes, parking areas, commercial places, and working premises. AC chargers provide charging through a 120 V AC plug and require a dedicated circuit consisting of AC cables. The structure comprises a household three-prong plug on one end of the cord and a connector on the other end, which plugs into the vehicle. The charging equipment is portable and does not require installation. It is commonly used for home charging and in semi-public and private charging stations. In semi-public charging, AC normal charging stations can be found in workplaces, public parking lots, or shopping centers, and they require payment or membership to access. These charging stations offer a convenient way for EV drivers to top up their battery while carrying out daily activities and promote EV adoption. AC normal charging is often the primary method for private charging, allowing EV owners to charge their vehicles overnight and have a full battery in the morning.

EV charging cables with GB/T connector compatilibty to be the largest market during the forecast period

GB/T is expected to be the largest segment, whereas CCS 1 is expected to be the fastest growing segment during the forecast period. The GB/T DC connector is currently China's only rapid charging standard, with intentions to develop a next-generation connector in collaboration with CHAdeMO to generate 900 kW output power. With over 6.8 million EV sales, China's substantial market share is largely underpinned by GB/T connectors. Meanwhile, the CCS1 standard is expected to exhibit rapid growth, fueled by its continued dominance for non-Tesla EVs and charging networks across North America. With its stronghold in the US and Canada, CCS1 ensures seamless compatibility and interoperability, contributing to its projected ascent as the fastest-growing segment in the EV charging connector arena. The GB/T connector exhibits a two-pin arrangement for alternating (AC) charging and a three-pin configuration for direct (DC) charging. This flexibility enables it to accommodate a variety of charging capacities and power levels. Notably, the GB/T connector caters to AC and DC charging, making it suitable for various EV models. Its robust build and compatibility with varying charging voltages contribute to its widespread adoption. China's steadfast dedication to electric mobility, coupled with its status as a key market for electric vehicles, has propelled the expansion of the GB/T connector. Government backing for EV adoption and incentives for EV manufacturers to adopt the GB/T standard have further elevated its prominence. As China continues to exert a leadership role in the global EV market, the prevalence of the GB/T connector is anticipated to endure, shaping the charging infrastructure landscape not solely within China but also potentially influencing charging standards in neighboring regions.

Request Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=71981137

"Asia Pacific to be the fastest growing market for EV Charging Cables during forecast period"

The Asia Pacific region is expected to be the fastest-growing market for EV charging cables during the forecast period. According to data published by the China Electric Vehicle Charging Infrastructure Promotion Alliance, from January to March period 2023, a total of 632,000 charging piles were added in China. The increasing development of charging stations will, in turn, boost the demand for EV charging cables. Most of the public charging stations in China install straight-shaped EV charging cables as these are easy to manufacture and exert less force compared to coiled-shaped EV charging cables. China has rapidly expanded its charging infrastructure to support the growing electric vehicle fleet.

Key Market Players:

The EV charging cable market is dominated by Leoni AG (Germany), Aptiv (Ireland), TE Connectivity (Switzerland), BESEN International Group (China), Dyden Corporation (Japan), among others. These companies manufacturers EV charging cables. These companies have set up R&D facilities and offer best-in-class products to their customers.

View Detail TOC @ https://www.marketsandmarkets.com/Market-Reports/ev-charging-cable-market-71981137.html

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com

One stop solution for all Market Research & Consulting needs.

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 Cable Market Size, Share, Forecast, Report by 2030 here

News-ID: 3358672 • Views:

More Releases from MarketsandMarkets™ INC.

EV Charging Station Market Size, Share, Trends & Analysis by 2030
EV Charging Station Market Size, Share, Trends & Analysis by 2030
According to a research report "EV Charging Station Market by Application, Level of Charging, Charging Point, Charging Infrastructure, Operation, DC Fast Charging, Charge Point Operator, Connection Phase, Service, Installation and Region - Global Forecast to 2030" published by MarketsandMarkets, the global EV Charging Station Market is projected to grow from USD 7.3 billion in 2024 to USD 12.1 billion by 2030, at a CAGR of 8.8%. Factors such as rising EV
Air Brake System Market Size, Share, Trends & Forecast Report, 2030
Air Brake System Market Size, Share, Trends & Forecast Report, 2030
The global air brake system market size was valued at USD 3.1 billion in 2023 and is expected to reach USD 3.4 billion by 2028, at a CAGR of 2.2% during the forecast period 2023-2028. The air brake system market is expected to grow due to several factors. These include the rising demand for heavy commercial vehicles, the expansion of railways, increased long-haul transportation, and upcoming safety-related regulatory requirements.
Air Brake System Market Size, Share, Trends & Forecast by 2028
Air Brake System Market Size, Share, Trends & Forecast by 2028
According to a research report "Air Brake System Market by Type (Disc & Drum), Component (Compressor, Governor, Tank, Air Dryer, Foot Valve, Brake Chamber, & Slack Adjuster), Rolling Stock, Vehicle Type (Rigid Body, Heavy-Duty, Semi-Trailer, & Bus), Region - Global Forecast to 2028" published by MarketsandMarkets, the global air brake system market is projected to grow from USD 3.1 billion in 2023 to USD 3.4 billion by 2028 at a
ADAS Market worth 655 million Units by 2030
ADAS Market worth 655 million Units by 2030
According to a research report "ADAS Market by Offering (Hardware (Camera, Radar, LiDAR, Ultrasonic, ECU), Software (Middleware, Application Software & OS)), System Type, Vehicle Type (PC, LCV, HCV), Level of Autonomy, Vehicle Class, EV type and Region - Global Forecast to 2030" published by MarketsandMarkets, the global ADAS market size is projected to grow from 334 Million Units in 2024 to 655 Million Units by 2030, at a CAGR of

All 4 Releases


More Releases for China

Forehead Thermometer Market Analysis (2019- 2025)| Microlife (China), Radiant (C …
This research study is one of the most detailed and accurate ones that solely focus on the global Forehead Thermometer market. It sheds light on critical factors that impact the growth of the global Forehead Thermometer market on several fronts. Market participants can use the report to gain a sound understanding of the competitive landscape and strategies adopted by leading players of the global Forehead Thermometer market. The authors of
Analysis of the Global And China Handheld Transceiver Market-Top players BAOFENG …
The Global And China Handheld Transceiver Market is a professional report which provides thorough knowledge along with complete information perta¬ining to the Handheld Transceiver industry propos classifications, definitions, applications, industry chain summary, industry policies in addition to plans, product specifications, manufacturing processes, cost structures, etc. Key Regions First-tier Cities • Beijing • Shanghai • Guangzhou • Shenzhen Free Sample PDF Copy of Handheld Transceiver Market research report @ https://www.qyresearchgroups.com/request-sample/453291 Report Includes:- This report focus Chinese market, it covers details as following: Key
Analysis of the Global And China Calculator Market-Top players Aurora(Taiwan, Ch …
The Global And China Calculator Market is a professional report which provides thorough knowledge along with complete information perta¬ining to the Calculator industry propos classifications, definitions, applications, industry chain summary, industry policies in addition to plans, product specifications, manufacturing processes, cost structures, etc. Key Regions First-tier Cities • Beijing • Shanghai • Guangzhou • Shenzhen Free Sample PDF Copy of Calculator Market research report @ https://www.qyresearchgroups.com/request-sample/453273 Report Includes:- This report focus Chinese market, it covers details players regions product type and
Analysis of the Global And China Activity Tracker Market-Top MI(China), Huawei(C …
The Global And China Activity Tracker Market is a professional report which provides thorough knowledge along with complete information perta¬ining to the Activity Tracker industry propos classifications, definitions, applications, industry chain summary, industry policies in addition to plans, product specifications, manufacturing processes, cost structures, etc. Key Regions First-tier Cities • Beijing • Shanghai • Guangzhou • Shenzhen Free Sample PDF Copy of Activity Tracker Market research report @ https://www.qyresearchgroups.com/request-sample/453264 Report Includes:- This report focus Chinese market, it covers details players regions
Analysis of the Global And China Money Counter Market-Top players Deli(China) ,W …
The Global And China Money Counter Market is a professional report which provides thorough knowledge along with complete information perta¬ining to the Money Counter industry propos classifications, definitions, applications, industry chain summary, industry policies in addition to plans, product specifications, manufacturing processes, cost structures, etc. Key Regions First-tier Cities • Beijing • Shanghai • Guangzhou • Shenzhen Free Sample PDF Copy of Money Counter Market research report @ https://www.qyresearchgroups.com/request-sample/453304 Report Includes:- This report focus Chinese market, it covers details as following: Key
Global Color Steel Tile Market 2017 - South China, East China, Southwest China, …
Color Steel Tile Market Research Report A market study based on the " Color Steel Tile Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Color Steel Tile Market 2017’. The research report analyses the historical as well as present performance of the worldwide Color Steel Tile industry, and makes predictions on the future status of Color Steel Tile market on the basis