As per Maximize Market Research analysis, the EV charging Cable Market was valued at USD 512.33 Million in 2021 and is projected to reach USD 4,153.58 Million by 2029, growing at a CAGR of 29.9% during the forecast period.
Pune, Maharashtra, March 09, 2022 – Maximize Market Research, a leading market research company has published an intelligence report entitled Global EV charging Cable Market 2022 that is a complete study of meticulous primary and secondary research. The report systematically covers analysed understandings in view of the market; along with its ever-changing patterns, industry environment, and all leading characteristics of the market. This research methodology has been applied to examine the global EV charging Cable Market and these results have been reasonably mentioned in the report.
EV charging Cable Market Overview:
Because there is no electronics box to support it, the charging cable is far lighter and more compact than typical charging cables. Because the cable comes with an adaptor, the driver may select the correct plug for the available charging port. This allows the hybrid or electric car to be charged at home by a conventional household electrical outlet or a wall charger, as well as when driving at a charging station. Because of its versatility and small weight, the EV charging cable is very simple to use and efficient. Another characteristic that is driving the market is the inbuilt LED indicator, which indicates the charging quality. Increased EV adoption, rising demand for rapid charging connections, and increased government efforts to minimize carbon footprints are all factors contributing to the growth of the global electric vehicle charging cable market.
The charging infrastructure has been upgraded to make EV charging more common and accessible to the general population. Fast chargers, destination chargers, and home chargers all play essential roles in supporting the different electric industries, as part of a complete plan. In the company, more investments, teamwork, and innovation are being witnessed, which should help today’s parking spots become tomorrow’s charging stations.
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EV charging Cable Market Dynamics:
Electric vehicle fleets, including electric vans, lorries, and buses, are scheduled to be operational over the globe by 2032. Daimler Trucks is committed to initiating and hastening the construction of critical infrastructure for commercial vehicle charging. They have formally announced the foundation of joint ventures to help create public charging infrastructure for battery-powered heavy-duty long-haul trucks and coaches. They are investing a remarkable €500 million in Europe with their main truck-producing competitors Traton and Volvo Group, making it the continent’s largest investment in heavy-duty vehicle charging infrastructure to date. At least 1,700 charging stations will be constructed and operational, with charging rates ranging from 250 kW to megawatts. This charging network not only exhibits collaboration among three competitors, but it will also be available to all commercial vehicles in Europe, irrespective of brand. Daimler has also hired the assistance of NextEra Energy Resources and BlackRock to develop a network of megawatt chargers in North America. A €580 million investment is expected which includes hydrogen filling stations. BlackRock is advocating for the rapid expansion of the critical charging network in order to contribute to reaching climate obligations. Ionity has already received a €700 million investment from BlackRock. The first megawatt chargers for Tesla’s Semi were also installed recently, and their size—7 feet tall—drew a lot of attention. And more detailed analysis of each key player and their investment is covered in the report.
EV charging Cable Market Segment Analysis:
By mode type, the EV charging cable is segmented based on the modes mode1 & 2, mode 3, mode4
Based on Shape, the EV charging cable is segmented into Coiled and straight type
Based on the power supply mode, the EV Charging Cables Market is segmented into Ac Charging and DC charging.
EV charging Cable Market Regional Analysis:
In 2021, the Asia Pacific region will have 45% of the market. During the forecast period, the Asia-Pacific region is expected to increase at a CAGR of 29.9%. The Asia Pacific is the industry’s largest and fastest-growing market due to the presence of huge manufacturing facilities in China, India, and Japan, the presence of a sizable consumer base, and the activity of major automobile manufacturers in the region. As a result, increased EV production capabilities and technological advancements are driving the region’s market for EV charging cables. China has the highest share of charging stations in the Asia Pacific area, making it the largest market for EVs. More detail in-depth analyses of EV charging cable market in the Asia pacific covered in report .
List of EV charging Cable Market Key Players:
- Tesla, Inc.
- Phoenix Contact
- Dyden Corporation
- TE Connectivity
- Coroplast
- Leoni AG
- BESEN International Group
- TE Connectivity
- General Cable Technologies Corporation
- Chengdu Khons Technology Co., Ltd.
- Manlon Polymers
- Eland Cables
- EV TEISON
- Aptiv Plc.
- Brugg Group
Key Question answered in the EV charging Cable Market Report are:
- Which product segment grabbed the largest share in the EV charging Cable Market?
Related Report Published by Maximize Market Research:
Global Insulated Wire and Cable Market
About Maximize Market Research:
Maximize Market Research provides syndicate as well as custom-made business and market B2B and B2C research on 6,500 high-growth emerging technologies and opportunities as well as threats to the companies across the Chemical, Healthcare, Pharmaceuticals, Electronics and Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors. Maximize Market Research is positioned to estimate and forecast the market size with the competitive landscape of the industries. Additional information is available at https://www.maximizemarketresearch.com/.
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