EV Charging Cables Market | Covid-19 Impact Analysis

EV Charging Cables Market Insights

EV charging cables market is likely to witness an impressive CAGR of 31.5% during the forecast period. The prime factor contributing to the demand for EV charging cables is mainly the increasing development in the EV infrastructure in the emerging economies along with the mounting adoption of electric vehicles, and growing requirement for fast charging cables.

Market Share Analysis

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EV Charging Cables Market Share: By Power Supply Type

Based on the power supply type, the market is segmented as AC and DC. The AC segment held the larger share of the market in 2019, and is expected to remain dominant during the forecast period. AC power supply is majorly used in residential and semi-commercial charging stations with a charging speed of 22 kW depending on vehicle and infrastructure standards. Although compared to DC power supply, AC power supply requires a higher charging duration.

EV Charging Cables Market Share: By Cable Shape Type

Based on the cable shape type, the EV charging cables market is segmented as straight and coiled. The straight EV charging cables segment dominates the market. Most of the public charging stations adopt straight cables because of their ease of installations, reduced costs, and low maintenance over time. Straight EV charging cables are spread on the ground and do not suspend weight on either side of the sockets.

EV Charging Cables Market Share: By Region

In terms of regions, Asia-Pacific is estimated to be the largest market during the forecast period, with China, Japan, South Korea, and India being the major countries with lucrative growth opportunities. The growth of the market is mainly driven by the increasing adoption of electric vehicles in the region. Increased spending to support infrastructure for electric vehicles is expected to further drive the region’s market.

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Some of the major EV charging cable manufacturers are-

• Leoni AG
• TE Connectivity Ltd.
• Besen International Group Ltd.
• Aptiv Plc
• PHOENIX CONTACT GmbH & Co. KG
• Coroplast
• Chengdu Khons Technology Co., Ltd.
• General Cable Technologies Corporation
• Sinbon Electronics
• Systems Wire and Cable

Market Scope & Segmentation

EV charging cables are the important aspects of electric vehicles. Different types of EV charging cables are used according to the power rating, vehicle specifications, and cabling requirements. EVs are equipped with the rechargeable battery packs that can be charged through an outlet or a charging station. Batteries of electric vehicles are only powered through the electricity, reducing the greenhouse gas emissions, air pollution, and vehicular noise. Increasing efforts by government to reduce emissions are driving the demand for electric vehicles which is further fueling the growth of the EV charging cables market.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The EV charging cables market is segmented into the following categories. 

EV Charging Cables Market Size, Share, & Forecast, by Power Supply Type:

• AC (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• DC (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

EV Charging Cables Market Size, Share, & Forecast, by Application Type:

• Private Charging (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Public Charging (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

EV Charging Cables Market Size, Share, & Forecast, by Cable Length Type:

• Up to 5 Meters (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• 6 – 10 Meters (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Above 10 Meters (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

EV Charging Cables Market Size, Share, & Forecast, by Cable Shape Type:

• Straight (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Coiled (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

EV Charging Cables Market Size, Share, & Forecast, by Charging Level Type:

• 300-600V (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• 240V (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• 120V (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

EV Charging Cables Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the power supply types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].