Press release
Electric Vehicle (EV) Charging Cable Market on Track for Strong Growth, Estimated to Grow at 16% CAGR Through 2029
Electric Vehicle (EV) Charging Cable
What Is the Expected CAGR for the Electric Vehicle (EV) Charging Cable Market Through 2025?
In recent times, the electric vehicle (EV) charging cable market has seen substantial growth. The market size is set to expand from $1.07 billion in 2024 to $1.25 billion in 2025, with a compound annual growth rate (CAGR) of 16.3%. The surge during the historic phase can be credited to factors such as regulatory backing, an incline in market requirement for electric vehicles, escalating fuel costs, advancements in battery tech, and consumer necessities for convenience and accessibility.
What's the Projected Size of the Global Electric Vehicle (EV) Charging Cable Market by 2029?
The market for electric vehicle (EV) charging cables is predicted to expand significantly in the coming years, reaching a value of $2.26 billion by 2029, with a compound annual growth rate (CAGR) of 16.0%. This expected growth during the forecast period can be linked to stringent regulatory measures, increased market penetration, growing environmental consciousness, the development of charging facilities, and the advent of ultra-fast charging cables. Key trends anticipated during this period include the broadening of public charging, residential and workplace charging, use of sustainable materials, support from government policies, and advancements in EV charging technology.
View the full report here:
https://www.thebusinessresearchcompany.com/report/electric-vehicle-ev-charging-cable-global-market-report
Top Growth Drivers in the Electric Vehicle (EV) Charging Cable Industry: What's Accelerating the Market?
As the uptake of electric vehicles (EVs) continues to increase, it's anticipated to invigorate the electric vehicle (EV) charging cable market's expansion in the future. Electric vehicles are those that run fully or partially on electricity housed in rechargeable batteries, as opposed to traditional internal combustion engines. The growing promotion of electric vehicles is due to technological advancements, environmental considerations, governmental incentives, and dwindling costs. Electric vehicle charging cables connect the vehicles to a power source to recharge their batteries. For example, as per the International Energy Agency, a France-based self-governing intergovernmental organization, sales of electric cars surpassed 10 million in 2022 and are close to reaching 14 million in 2023, with ambitious targets set to increase to 35% by 2030. As a result, the increasing uptake of electric vehicles is fueling the expansion of the electric vehicle (EV) charging cable market.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=16409&type=smp
What Trends Will Shape the Electric Vehicle (EV) Charging Cable Market Through 2029 and Beyond?
Major businesses in the electric vehicle charging cable sector are prioritizing the creation of groundbreaking products like the AC charger. This device provides an alternating current (AC), which is turned into a direct current (DC) inside the vehicle to power up the battery. For example, in August 2023 Autel Energy, an American tech firm, introduced the MaxiCharger AC Ultra. This advanced EV charger aligns with the rising demand for efficient and trustworthy charging systems in commercial environments. With its ability to transmit up to 22 kW of power simultaneously to two vehicles, facilitating fast charging, it is highly beneficial for settings with a significant amount of traffic, such as parking areas, shopping complexes, and fleet operations. The charger comes in an IP54-rated casing, providing protection against dust and water and making it suitable for outdoor installations. Its sturdy build guarantees long-term usage and dependability in different weather conditions.
What Are the Main Segments in the Electric Vehicle (EV) Charging Cable Market?
The electric vehicle (EV) charging cable market covered in this report is segmented -
1) By Type: Normal, High-Power, Liquid-Cooled High-Power
2) By Connector Type: Type 1, Type 2, Combined Charging System (CCS1), Combined Charging System (CCS2), CHAdeMO, GB Or T, North American Tesla Connector Standard (NACS) Or TESLA Connectors
3) By Length: Below 5 Meters, 6 Meter To 10 Meter, Above 10 Meters
4) By Shape: Straight, Coiled
5) By Application: Private Charging, Public Charging
Subsegments:
1) By Normal: Level 1 Charging Cables, Level 2 Charging Cables
2) By High-power: Dc Fast Charging Cables, Ac Fast Charging Cables
3) By Liquid-cooled High-Power: Liquid-Cooled Dc Fast Charging Cables, Liquid-Cooled Ac Fast Charging Cables
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=16409&type=smp
Which Top Companies are Driving Growth in the Electric Vehicle (EV) Charging Cable Market?
Major companies operating in the electric vehicle (EV) charging cable market are Siemens AG, Schneider Electric SE, ABB Ltd., Aptiv Plc, Legrand S.A., Leoni AG, Phoenix Contact Ltd., Webasto Group, Huber+Suhner AG, Sinbon Electronics Co. Ltd., AeroVironment Inc., Mennekes Electrical Products, EVBox BV, Tritium DCFC Limited, Eland Cable Limited, The Besen Group, Circontrol SA, Coroplast Inc., Charge Amps AB, Dyden Corporation, AG Electrical Technology Co., Chengdu Khons Technology Co. Ltd., Teison EV, Brugg eConnect
Which Regions Will Dominate the Electric Vehicle (EV) Charging Cable Market Through 2029?
Asia-Pacific was the largest region in the electric vehicle (EV) charging cable market in 2024. The regions covered in the electric vehicle (EV) charging cable market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=16409
This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 Electric Vehicle (EV) Charging Cable Market on Track for Strong Growth, Estimated to Grow at 16% CAGR Through 2029 here
News-ID: 4134609 • Views: …
More Releases from The Business Research Company
IoT Adoption Driving Growth Of Failure Analysis Equipment Market: Pivotal Factor …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Failure Analysis Equipment Market Size Growth Forecast: What to Expect by 2025?
In recent times, there has been a considerable expansion in the failure analysis equipment market. It is projected to rise from $8.92 billion in 2024 to $9.73 billion in 2025, marking a compound annual growth rate (CAGR)…
Top Market Shifts Transforming the Electric Mop Market Landscape: Key Insights
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Electric Mop Market Through 2025?
The market size of electric mops has seen significant expansion in the past few years. The market is projected to extend from $7.6 billion in 2024 to $9.23 billion in 2025, with a compound annual growth rate…
Emerging Trends to Reshape the High Definition (HD) Map For Autonomous Vehicle M …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
High Definition (HD) Map For Autonomous Vehicle Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, there has been substantial growth in the market size of high definition (HD) maps for autonomous vehicles. The market is projected to expand from $1.49 billion in…
Driving Facial Paralysis Market Growth in 2025: The Role of Viral Infections On …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Facial Paralysis Market Size Growth Forecast: What to Expect by 2025?
The market for facial paralysis has been showing steady growth over recent years. The market is predicted to rise from $2.28 billion in 2024 to an estimated $2.41 billion in 2025, marked by a compound annual growth rate…
More Releases for Charging
800V system challenge: charging pile for charging system
800V Charging pile "Charging Basics"
This article mainly talks about some preliminary requirements for 800V charging piles [https://www.beihaipower.com/products/], first let's take a look at the principle of charging: When the charging tip is connected to the vehicle end, the charging pile will provide (1) low-voltage auxiliary DC power to the vehicle end to activate the built-in BMS (battery management system) of the electric vehicle After activation, (2) connect the car end…
What is dynamic mode of EV Charging? Dynamic EV Charging vs Traditional EV Charg …
A dynamic charging system is a technology that allows electric vehicles to charge while in motion. This system typically involves embedding charging infrastructure into the road surface, which enables the vehicle to charge its battery as it travels along the road. This can potentially extend the range and operational capabilities of electric vehicles, as they can receive continuous power while on the move. Dynamic charging systems have the potential to…
Electric Bus Charging Infrastructure Market Forecast to 2028 - COVID-19 Impact a …
In every region, electrification appears as a clear alternative to increase urban growth and to care for the city environment simultaneously, using electric buses. With the right charging technology, the advantages of electric buses can be used, such as the use of renewable energy, less energy consumption, less noise, lower particle emissions, reliable service, and others. The severe emission standards across the globe are expected to drive more electric bus…
Global Automotive Electric Recharging Point Market Size, by Type (Home Charging …
Global Automotive Electric Recharging Point Market research report provides complete intelligence about the global Automotive Electric Recharging Point industry, including market growth factors and prominent competitors in the market. The report also enfolds insightful analysis of competition intensity, segments, environment, trade regulations, and product innovations to render deep comprehension of the complete Automotive Electric Recharging Point market structure. Recent developments, technology diffusion, and important events of the market are also…
EV Charging Infrastructure Market: Robotic and Smart Charging Technology
According to the new research report published by The Insight Partners, titled “EV Charging Infrastructure - Global Analysis and Forecast to 2027”, The Global EV Charging Infrastructure Market is expected to reach US$ 95.98 Billion in 2027, registering a CAGR of 36.8% during the forecast period 2019-2027.
Some of the key players operating in the EV Charging infrastructure market are ABB Ltd., ABM Industries Incorporated, Bosch Automotive Service Solution, ChargePoint, Inc.,…
Electric Vehicle Charging Equipment Market Report 2018: Segmentation by Type (AC …
Global Electric Vehicle Charging Equipment market research report provides company profile for Fortum, Fuji Electric, Leviton, Shell, Qualcomm, Bosch, Schneider Electric, Siemens, ABB, AeroVironment, Chargemaster, ClipperCreek, DBT-CEV, Engie and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018…
