EV Charging Cable Market Report
RA00094
EV Charging Cable Market, By Power Supply Type (Direct Charging, Alternate Charging), By Cable Length (2 to 5 Meters, 6 to 10 Meters, Above 10 Meters), By Shape (Coiled Cables, Straight Cable), By Charging Level (Level 3, Level 2, Level 1), By Jacket Material (Rubber Jacket, Thermoplastic Elastomer Jacket, Polyvinyl Chloride Jacket), By Application (Public Charging, Private Charging): Global Opportunity Analysis and Industry Forecast, 2019–2026
Update Available On-Demand
Global Electric Vehicle (EV) Charging Cable Market Insights 2026:
Global EV Charging Cable market forecast will surpass $1,277.7 million by 2026, rising from $142.9 million in 2018, at a CAGR of 31.5%. Rapid growth in the acceptance of electric vehicles globally, along with swift growth in the development of EV charger’s equipment and increasing demand for fast charging cables is expected to drive the growth of the market. However, the high operative costs coupled with fast power charging is expected to hamper the EV charging cable market growth. Rapid charging cables require huge power from the power grid, which is associated with high production cost, installation, and equipment in a charging station.
EV Charging Cable Market Segmentation, by Power Supply Type:
The Alternate charging segment is predicted to be most lucrative till the end of 2026
Source: Research Dive Analysis
The direct charging segment held the largest market share in 2018 accounting for major EV Charging Cable market share in 2018 of 61.6%, and accounted for $ 88.0 million. The direct charging segment is expected to grow at a CAGR of 30.4% over the forecast period. However, alternate charging segment is anticipated to register the highest growth rate during the forecast period growing at a CAGR of 33.2%. The alternate charging segment is expected to witness substantial growth over the forecast period; this is majorly due to rapid growth in the preferences of consumers to install EV charging stations.
EV Charging Cable market, by Cable Length:
2 to 5 meters segment is predicted to be most lucrative till the end of 2026
Source: Research Dive Analysis
The 6 to 10 meters’ segment held the largest market value in 2018 accounting for $ 70.6 million, and is anticipated to reach $ 626.0 million by 2026, growing at a CAGR of 31.4% during the forecast period. However, the 2 to 5 meters’ segment is anticipated to experience lucrative growth during the projected period; this is majorly due to the growing adoption of private EV charging stations across the globe. Moreover, 2-5 meters segment is expected to drive the global EV charging cable market during the forecasted period growing at CAGR of 31.7%, accounting for more than $511.1 million by 2026.
Electric Vehicle Charging Cable Market, By Shape:
Coiled segment is predicted to be most lucrative till the end of 2026
Source: Research Dive Analysis
Straight cables generated the highest market value in 2018, accounting for $88.6 million, which is further anticipated to reach $746.2 million by the end of 2026. However, coiled cables is projected to drive the market during the forecast period. The growth is majorly attributed to the ease of maintenance and properties such as instant contraction. Additionally, coiled cables are more long-lasting when compared to straight cables. Moreover, these coiled cables require less storage space. These are the key factors that are expected to upsurge the coiled cables market over the forecast period.
EV Charging Cable market, by Charging Level:
Level 3 segment is predicted to hold the largest market share by 2026
Source: Research Dive Analysis
Level 1 charging held the largest market share of $38.90 million in 2018 accounting for $55.59 million and is anticipated to reach $465.09 million during the projected period. Level 3 charging is anticipated to drive the market in the projected period; this is majorly due to the growing demand for the fast charging across the globe. The Level 3 charger has the ability to charge a drained battery upto 80% in 15 to 20 minutes. Thus, the market for level 3 charges is expected to experience a substantial growth accounting for $390.9 million, growing at a CAGR of 32.6% during the predicted forecast period.
EV Charging Cable Market, by Jacket Material:
Thermoplastic Elastomer jacket segment is predicted grow at a highest CAGR during the projected period
Source: Research Dive Analysis
Rubber jacket generated the highest revenue in 2018 accounting for $ 59.30 million and is expected to reach $ 521.31 million by 2026, growing at a CAGR of 31.2% during the anticipated years. The global polyvinyl chloride segment is expected to grow in the upcoming years, this is majorly due to the outstanding properties of these materials, such as high flexibility, recyclability and outstanding temperature resistance.
EV Charging Cable Market, by Application:
Public charging segment is predicted grow at a highest CAGR during the forecasted period
Source: Research Dive Analysis
Public charging station is expected to drive the EV charging cable market in the near future; this is majorly due to the growth in the installations of EV charging stations in various localities such as, taxi stands, government offices, highways, airports, hotels, and shopping malls. The charging stations installed in these localities have the ability to charge the vehicles with the least possible time. Various OEMs across the globe have partnered with governments to install the charging stations. The public charging application is anticipated to reach $ 531.5 million by 2026, growing at a CAGR of 33.3% during the forecasted period.
EV Charging Cable Market, by Region:
North America region will have enormous opportunities for the market investors to grow over the coming years
Asia-Pacific EV Charging Cable industry held the largest market share in the year 2018 accounting for $ 45.3 million and is further anticipated to grow at a CAGR of 31.1% during the forecast period. On the other hand, the North America market is anticipated to experience a swift growth over the forecast period, majorly due to the growing adoption of electric vehicles across the region.
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Key participants in the Global EV Charging Cable market:
Product development and joint ventures are the most common strategies followed by the market players
Source: Research Dive Analysis
EV Charging Cable market players include EV TEISON, General Cable Technologies Corporation., SINBON Electronics Co., Ltd., PHOENIX CONTACT, TE Connectivity, BRUGG GROUP AG, BASEN- Group, Leoni AG, Aptiv, IONITY GmbH and DYDEN CORPORATION among many others. Product development and acquisitions are some of the key strategies opted by the industry participants to retain their position in the global or regional markets. These key players are majorly concentrating on technology advancements in current technology, new product launches, mergers and acquisitions, and geographical expansion. These are some of the growth strategies adopted by these companies.
In September 2017, IONITY GmbH announced about the latest high power 350 kW DC electric vehicle charging stations that will provide the compatible electric vehicle with a 350 km drive range charge in just 10 minutes.
| Aspect | Particulars |
| Historical Market Estimations | 2018-2019 |
| Base Year for Market Estimation | 2018 |
| Forecast timeline for Market Projection | 2019-2026 |
| Geographical Scope | North America, Europe, Asia-Pacific, LAMEA |
| Segmentation by Power Supply Type |
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| Segmentation by Cable Length |
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| Segmentation by Shape |
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| Segmentation by Charging Level |
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| Segmentation by Jacket Material |
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| Segmentation by Application |
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| Key Countries Covered | U.S., Canada, Germany, France, Spain, Russia, Japan, China, India, South Korea, Australia, Brazil, and Saudi Arabia |
| Key Companies Profiled |
|
Source: Research Dive Analysis
Q1. What is the size of the EV Charging Cable market?
A. The global EV Charging Cable market size was over $142.9 million in 2018, and is further anticipated to reach $1,277.7 million by 2026.
Q2. Which are the leading companies in the EV Charging Cable market?
A. EV TEISON, General Cable Technologies Corporation and PHOENIX CONTACT are some of the key players in the global EV Charging Cable market.
Q3. Which region possesses greater investment opportunities in the coming future?
A. North America possesses great investment opportunities for the investors to witness the most promising growth in the coming years.
Q4. What is the growth rate of the North America Market?
A. North America EV Charging Cable market is projected to grow at 32.1% CAGR during the forecast period.
Q5. What are the strategies opted by the leading players in this market?
A. Product development and joint ventures are the key strategies opted by the operating companies in this market.
Q6. Which companies are investing more in R&D practices?
A. TE Connectivity and BURGG GROUP AG are investing more in R&D activities for developing new products and technologies.
1. Research Methodology
1.1. Desk Research
1.2. Real time insights and validation
1.3. Forecast model
1.4. Assumptions and forecast parameters
1.4.1. Assumptions
1.4.2. Forecast parameters
1.5. Data sources
1.5.1. Primary
1.5.2. Secondary
2. Executive Summary
2.1. 360° summary
2.2. Power Supply Type trends
2.3. Cable Length trends
2.4. Shape trends
2.5. Charging Level trends
2.6. Jacket Material trends
2.7. Application trends
3. Market Overview
3.1. Market segmentation & definitions
3.2. key takeaways
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.3. Porter’s five forces analysis
3.3.1. Bargaining power of consumers
3.3.2. Bargaining power of suppliers
3.3.3. Threat of new entrants
3.3.4. Threat of substitutes
3.3.5. Competitive rivalry in the market
3.4. Market dynamics
3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities
3.5. Cable Length landscape
3.6. Regulatory landscape
3.7. Patent landscape
3.8. Market value chain analysis
3.9. Strategic overview
4. EV Charging Cable Market, by Power Supply Type
4.1. Alternate Current
4.1.1. Market size and forecast, by region, 2016-2026
4.1.2. Comparative market share analysis, 2018 & 2026
4.2. Direct Current
4.2.1. Market size and forecast, by region, 2016-2026
4.2.2. Comparative market share analysis, 2018 & 2026
5. EV Charging Cable Market, by Cable Length
5.1. 2 to 5 Meters
5.1.1. Market size and forecast, by region, 2016-2026
5.1.2. Comparative market share analysis, 2018 & 2026
5.2. 6 to 10 Meters
5.2.1. Market size and forecast, by region, 2016-2026
5.2.2. Comparative market share analysis, 2018 & 2026
5.3. Above 10 Meters
5.3.1. Market size and forecast, by region, 2016-2026
5.3.2. Comparative market share analysis, 2018 & 2026
6. EV Charging Cable Market, by Shape
6.1. Straight Cable
6.1.1. Market size and forecast, by region, 2016-2026
6.1.2. Comparative market share analysis, 2018 & 2026
6.2. Coiled Cable
6.2.1. Market size and forecast, by region, 2016-2026
6.2.2. Comparative market share analysis, 2018 & 2026
7. EV Charging Cable Market, by Charging Level
7.1. Level 1 (120 V)
7.1.1. Market size and forecast, by region, 2016-2026
7.1.2. Comparative market share analysis, 2018 & 2026
7.2. Level 2 (240 V)
7.2.1. Market size and forecast, by region, 2016-2026
7.2.2. Comparative market share analysis, 2018 & 2026
7.3. Level 3 (300-600 V)
7.3.1. Market size and forecast, by region, 2016-2026
7.3.2. Comparative market share analysis, 2018 & 2026
8. EV Charging Cable Market, by Jacket Material
8.1. Rubber Jacket
8.1.1. Market size and forecast, by region, 2016-2026
8.1.2. Comparative market share analysis, 2018 & 2026
8.2. Thermoplastic Elastomer Jacket
8.2.1. Market size and forecast, by region, 2016-2026
8.2.2. Comparative market share analysis, 2018 & 2026
8.3. Polyvinyl Chloride Jacket
8.3.1. Market size and forecast, by region, 2016-2026
8.3.2. Comparative market share analysis, 2018 & 2026
9. EV Charging Cable Market, by Applications
9.1. Private Charging
9.1.1. Market size and forecast, by region, 2016-2026
9.1.2. Comparative market share analysis, 2018 & 2026
9.2. Public Charging
9.2.1. Market size and forecast, by region, 2016-2026
9.2.2. Comparative market share analysis, 2018 & 2026
10. EV Charging Cable Market, by Region
10.1. North America
10.2. Market size and forecast, by Power Supply Type, 2016-2026
10.3. Market size and forecast, by Cable Length, 2016-2026
10.4. Market size and forecast, by Shape, 2016-2026
10.5. Market size and forecast, by Charging Level, 2016-2026
10.6. Market size and forecast, by Jacket Material, 2016-2026
10.7. Market size and forecast, by Applications, 2016-2026
10.8. Market size and forecast, by country, 2016-2026
10.9. Comparative market share analysis, 2018 & 2026
10.9.1. U.S.
10.9.1.1. Market size and forecast, by Power Supply Type, 2016-2026
10.9.1.2. Market size and forecast, by Cable Length, 2016-2026
10.9.1.3. Market size and forecast, by Shape, 2016-2026
10.9.1.4. Market size and forecast, by Charging Level, 2016-2026
10.9.1.5. Market size and forecast, by Jacket Material, 2016-2026
10.9.1.6. Market size and forecast, by Applications, 2016-2026
10.9.1.7. Comparative market share analysis, 2018 & 2026
10.9.2. Canada
10.9.2.1. Market size and forecast, by Power Supply Type, 2016-2026
10.9.2.2. Market size and forecast, by Cable Length, 2016-2026
10.9.2.3. Market size and forecast, by Shape, 2016-2026
10.9.2.4. Market size and forecast, by Charging Level, 2016-2026
10.9.2.5. Market size and forecast, by Jacket Material, 2016-2026
10.9.2.6. Market size and forecast, by Applications, 2016-2026
10.9.2.7. Comparative market share analysis, 2018 & 2026
10.9.3. Mexico
10.9.3.1. Market size and forecast, by Power Supply Type, 2016-2026
10.9.3.2. Market size and forecast, by Cable Length, 2016-2026
10.9.3.3. Market size and forecast, by Shape, 2016-2026
10.9.3.4. Market size and forecast, by Charging Level, 2016-2026
10.9.3.5. Market size and forecast, by Jacket Material, 2016-2026
10.9.3.6. Market size and forecast, by Applications, 2016-2026
10.9.3.7. Comparative market share analysis, 2018 & 2026
10.10. Europe
10.10.1. Market size and forecast, by Power Supply Type, 2016-2026
10.10.2. Market size and forecast, by Cable Length, 2016-2026
10.10.3. Market size and forecast, by Shape, 2016-2026
10.10.4. Market size and forecast, by Charging Level, 2016-2026
10.10.5. Market size and forecast, by Jacket Material, 2016-2026
10.10.6. Market size and forecast, by Applications, 2016-2026
10.10.7. Market size and forecast, by country, 2016-2026
10.10.8. Comparative market share analysis, 2018 & 2026
10.10.9. UK
10.10.9.1. Market size and forecast, by Power Supply Type, 2016-2026
10.10.9.2. Market size and forecast, by Cable Length, 2016-2026
10.10.9.3. Market size and forecast, by Shape, 2016-2026
10.10.9.4. Market size and forecast, by Charging Level, 2016-2026
10.10.9.5. Market size and forecast, by Jacket Material, 2016-2026
10.10.9.6. Market size and forecast, by Applications, 2016-2026
10.10.9.7. Comparative market share analysis, 2018 & 2026
10.10.10. Germany
10.10.10.1. Market size and forecast, by Power Supply Type, 2016-2026
10.10.10.2. Market size and forecast, by Cable Length, 2016-2026
10.10.10.3. Market size and forecast, by Shape, 2016-2026
10.10.10.4. Market size and forecast, by Charging Level, 2016-2026
10.10.10.5. Market size and forecast, by Jacket Material, 2016-2026
10.10.10.6. Market size and forecast, by Applications, 2016-2026
10.10.10.7. Comparative market share analysis, 2018 & 2026
10.10.11. France
10.10.11.1. Market size and forecast, by Power Supply Type, 2016-2026
10.10.11.2. Market size and forecast, by Cable Length, 2016-2026
10.10.11.3. Market size and forecast, by Shape, 2016-2026
10.10.11.4. Market size and forecast, by Charging Level, 2016-2026
10.10.11.5. Market size and forecast, by Jacket Material, 2016-2026
10.10.11.6. Market size and forecast, by Applications, 2016-2026
10.10.11.7. Comparative market share analysis, 2018 & 2026
10.10.12. Spain
10.10.12.1. Market size and forecast, by Power Supply Type, 2016-2026
10.10.12.2. Market size and forecast, by Cable Length, 2016-2026
10.10.12.3. Market size and forecast, by Shape, 2016-2026
10.10.12.4. Market size and forecast, by Charging Level, 2016-2026
10.10.12.5. Market size and forecast, by Jacket Material, 2016-2026
10.10.12.6. Market size and forecast, by Applications, 2016-2026
10.10.12.7. Comparative market share analysis, 2018 & 2026
10.10.13. Italy
10.10.13.1. Market size and forecast, by Power Supply Type, 2016-2026
10.10.13.2. Market size and forecast, by Cable Length, 2016-2026
10.10.13.3. Market size and forecast, by Shape, 2016-2026
10.10.13.4. Market size and forecast, by Charging Level, 2016-2026
10.10.13.5. Market size and forecast, by Jacket Material, 2016-2026
10.10.13.6. Market size and forecast, by Applications, 2016-2026
10.10.13.7. Comparative market share analysis, 2018 & 2026
10.10.14. Rest of Europe
10.10.14.1. Market size and forecast, by Power Supply Type, 2016-2026
10.10.14.2. Market size and forecast, by Cable Length, 2016-2026
10.10.14.3. Market size and forecast, by Shape, 2016-2026
10.10.14.4. Market size and forecast, by Charging Level, 2016-2026
10.10.14.5. Market size and forecast, by Jacket Material, 2016-2026
10.10.14.6. Market size and forecast, by Applications, 2016-2026
10.10.14.7. Comparative market share analysis, 2018 & 2026
10.11. Asia-Pacific
10.11.1. Market size and forecast, by Power Supply Type, 2016-2026
10.11.2. Market size and forecast, by Cable Length, 2016-2026
10.11.3. Market size and forecast, by Shape, 2016-2026
10.11.4. Market size and forecast, by Charging Level, 2016-2026
10.11.5. Market size and forecast, by Jacket Material, 2016-2026
10.11.6. Market size and forecast, by Applications, 2016-2026
10.11.7. Market size and forecast, by country, 2016-2026
10.11.8. Comparative market share analysis, 2018 & 2026
10.11.9. China
10.11.9.1. Market size and forecast, by Power Supply Type, 2016-2026
10.11.9.2. Market size and forecast, by Cable Length, 2016-2026
10.11.9.3. Market size and forecast, by Shape, 2016-2026
10.11.9.4. Market size and forecast, by Charging Level, 2016-2026
10.11.9.5. Market size and forecast, by Jacket Material, 2016-2026
10.11.9.6. Market size and forecast, by Applications, 2016-2026
10.11.9.7. Comparative market share analysis, 2018 & 2026
10.11.10. Japan
10.11.10.1. Market size and forecast, by Power Supply Type, 2016-2026
10.11.10.2. Market size and forecast, by Cable Length, 2016-2026
10.11.10.3. Market size and forecast, by Shape, 2016-2026
10.11.10.4. Market size and forecast, by Charging Level, 2016-2026
10.11.10.5. Market size and forecast, by Jacket Material, 2016-2026
10.11.10.6. Market size and forecast, by Applications, 2016-2026
10.11.10.7. Comparative market share analysis, 2018 & 2026
10.11.11. India
10.11.11.1. Market size and forecast, by Power Supply Type, 2016-2026
10.11.11.2. Market size and forecast, by Cable Length, 2016-2026
10.11.11.3. Market size and forecast, by Shape, 2016-2026
10.11.11.4. Market size and forecast, by Charging Level, 2016-2026
10.11.11.5. Market size and forecast, by Jacket Material, 2016-2026
10.11.11.6. Market size and forecast, by Applications, 2016-2026
10.11.11.7. Comparative market share analysis, 2018 & 2026
10.11.12. Australia
10.11.12.1. Market size and forecast, by Power Supply Type, 2016-2026
10.11.12.2. Market size and forecast, by Cable Length, 2016-2026
10.11.12.3. Market size and forecast, by Shape, 2016-2026
10.11.12.4. Market size and forecast, by Charging Level, 2016-2026
10.11.12.5. Market size and forecast, by Jacket Material, 2016-2026
10.11.12.6. Market size and forecast, by Applications, 2016-2026
10.11.12.7. Comparative market share analysis, 2018 & 2026
10.11.13. South Korea
10.11.13.1. Market size and forecast, by Power Supply Type, 2016-2026
10.11.13.2. Market size and forecast, by Cable Length, 2016-2026
10.11.13.3. Market size and forecast, by Shape, 2016-2026
10.11.13.4. Market size and forecast, by Charging Level, 2016-2026
10.11.13.5. Market size and forecast, by Jacket Material, 2016-2026
10.11.13.6. Market size and forecast, by Applications, 2016-2026
10.11.13.7. Comparative market share analysis, 2018 & 2026
10.11.14. Rest of Asia-Pacific
10.11.14.1. Market size and forecast, by Power Supply Type, 2016-2026
10.11.14.2. Market size and forecast, by Cable Length, 2016-2026
10.11.14.3. Market size and forecast, by Shape, 2016-2026
10.11.14.4. Market size and forecast, by Charging Level, 2016-2026
10.11.14.5. Market size and forecast, by Jacket Material, 2016-2026
10.11.14.6. Market size and forecast, by Applications, 2016-2026
10.11.14.7. Comparative market share analysis, 2018 & 2026
10.12. LAMEA
10.12.1. Market size and forecast, by Power Supply Type, 2016-2026
10.12.2. Market size and forecast, by Cable Length, 2016-2026
10.12.3. Market size and forecast, by Shape, 2016-2026
10.12.4. Market size and forecast, by Charging Level, 2016-2026
10.12.5. Market size and forecast, by Jacket Material, 2016-2026
10.12.6. Market size and forecast, by Applications, 2016-2026
10.12.7. Market size and forecast, by country, 2016-2026
10.12.8. Comparative market share analysis, 2018 & 2026
10.12.9. Brazil
10.12.9.1. Market size and forecast, by Power Supply Type, 2016-2026
10.12.9.2. Market size and forecast, by Cable Length, 2016-2026
10.12.9.3. Market size and forecast, by Shape, 2016-2026
10.12.9.4. Market size and forecast, by Charging Level, 2016-2026
10.12.9.5. Market size and forecast, by Jacket Material, 2016-2026
10.12.9.6. Market size and forecast, by Applications, 2016-2026
10.12.10. Comparative market share analysis, 2018 & 2026
10.12.11. Saudi Arabia
10.12.11.1. Market size and forecast, by Power Supply Type, 2016-2026
10.12.11.2. Market size and forecast, by Cable Length, 2016-2026
10.12.11.3. Market size and forecast, by Shape, 2016-2026
10.12.11.4. Market size and forecast, by Charging Level, 2016-2026
10.12.11.5. Market size and forecast, by Jacket Material, 2016-2026
10.12.11.6. Market size and forecast, by Applications, 2016-2026
10.12.11.7. Comparative market share analysis, 2018 & 2026
10.12.12. South Africa
10.12.12.1. Market size and forecast, by Power Supply Type, 2016-2026
10.12.12.2. Market size and forecast, by Cable Length, 2016-2026
10.12.12.3. Market size and forecast, by Shape, 2016-2026
10.12.12.4. Market size and forecast, by Charging Level, 2016-2026
10.12.12.5. Market size and forecast, by Jacket Material, 2016-2026
10.12.12.6. Market size and forecast, by Applications, 2016-2026
10.12.12.7. Comparative market share analysis, 2018 & 2026
10.12.13. Rest of LAMEA
10.12.13.1. Market size and forecast, by Power Supply Type, 2016-2026
10.12.13.2. Market size and forecast, by Cable Length, 2016-2026
10.12.13.3. Market size and forecast, by Shape, 2016-2026
10.12.13.4. Market size and forecast, by Charging Level, 2016-2026
10.12.13.5. Market size and forecast, by Jacket Material, 2016-2026
10.12.13.6. Market size and forecast, by Applications, 2016-2026
10.12.13.7. Comparative market share analysis, 2018 & 2026
11. Company Profiles
11.1. Aptiv
11.1.1. Business overview
11.1.2. Financial performance
11.1.3. Power Supply Type portfolio
11.1.4. Recent strategic moves & developments
11.1.5. SWOT analysis
11.2. Leoni AG
11.2.1. Business overview
11.2.2. Financial performance
11.2.3. Power Supply Type portfolio
11.2.4. Recent strategic moves & developments
11.2.5. SWOT analysis
11.3. DYDEN CORPORATION
11.3.1. Business overview
11.3.2. Financial performance
11.3.3. Power Supply Type portfolio
11.3.4. Recent strategic moves & developments
11.3.5. SWOT analysis
11.4. BASEN- Group
11.4.1. Business overview
11.4.2. Financial performance
11.4.3. Power Supply Type portfolio
1.4.4. Recent strategic moves & developments
11.4.5. SWOT analysis
11.5. BRUGG GROUP AG
11.5.1. Business overview
11.5.2. Financial performance
11.5.3. Power Supply Type portfolio
11.5.4. Recent strategic moves & developments
11.5.5. SWOT analysis
11.6. TE Connectivity
11.6.1. Business overview
11.6.2. Financial performance
11.6.3. Power Supply Type portfolio
11.6.4. Recent strategic moves & developments
11.6.5. SWOT analysis
11.7. PHOENIX CONTACT
11.7.1. Business overview
11.7.2. Financial performance
11.7.3. Power Supply Type portfolio
11.7.4. Recent strategic moves & developments
11.7.5. SWOT analysis
11.8. SINBON Electronics Co., Ltd.
11.8.1. Business overview
11.8.2. Financial performance
11.8.3. Power Supply Type portfolio
11.8.4. Recent strategic moves & developments
11.8.5. SWOT analysis
11.9. General Cable Technologies Corporation.
11.9.1. Business overview
11.9.2. Financial performance
11.9.3. Power Supply Type portfolio
11.9.4. Recent strategic moves & developments
11.9.5. SWOT analysis
11.10. EV TEISON
11.10.1. Business overview
11.10.2. Financial performance
11.10.3. Power Supply Type portfolio
11.10.4. Recent strategic moves & developments
11.10.5. SWOT analysis
Electric vehicles (EV) are becoming increasing popular across the globe and are rightly considered the transport of the future. EVs are more environmentally friendly than gasoline and diesel cars. The only fundamental problem of EVs is the low density of energy stored in the battery, i.e. insufficient capacity and heavy battery weight. Therefore, the EV charging cable are introduced in the market with new and improved housing design.
The EV charging cable is used to connect the EV charging device and the charging infrastructure, so as to transmit power to the electric vehicle. The EV charging cable is equipped with a certain number of control lines, signal lines, and power supply auxiliary lines to ensure safe operation and exact control of the entire charging process. EV charging cables are generally used in areas such as hotels, charging stations, communities, garage, and parking lots.
Capabilities of EV Charging Cables
The EV charging cable provide supreme performance with superior flex life, and maximum functionality & reliability for every movement. They are simple to use. The EV charging cables are easier to fit security enclosures with its ergonomically smaller handle. It prevents corrosion of the crimping zone and prevents moisture inside the connector body. The EV charging cable assemblies are capable of high mating cycle requirements. Many leading companies in the global EV charging cable market are introducing enhanced products that meets the customers’ needs. With the support of relevant experts and many scientific researches, the EV charging cables product quality has reached the domestic advanced level.
Application Areas of EV Charging Cables
According to Research Dive , all the EV charging cables attach to a public charging connections or standard Type 2 charging outlets. The public charging stations have a Type 2 socket for accepting the plugs of charging cable into the vehicle. Public charging is usually marked in the available power output of the socket. The most common power levels are 3.6Kw and 7.2Kw. An EV Charging cable rated at 32 Amp is thicker and heavier than a comparable 16 Amp cable. The EV charging assemblies of TE Connectivity’s (TE) for Type 1 have an improved housing design with a handle that is ergonomically designed.
A standard private charging power supply are the regular house hold plugs that are limited to 13 Amps. Hence, it takes longer time to full charge the electric vehicle as compared to the public charging power supply. It usually takes 8 hours to fill the electric vehicle.
Additionally, the fast charging cables are in high demand in the global market for EV charging cable. This type of charging is generally referred as Level 3 charging. In this case, the device is a size of a petrol pump and the charging cable is always attached to the pump. These types of charging are usually found on service stations of motor way. For instance, Tesla for high-speed recharging has its own Supercharger Network. Most drivers use the Level 3 EV charging cables only when going on a long journey.
Forecast Analysis of EV Charging Cable Market
Global market for EV charging cable market is anticipated to witness a positive growth during the period of forecast from 2019 to 2026. A rapid growth in the development of EV charger’s equipment, increasing demand of electric vehicle owners to reduce the charging time of electric vehicle are some of the factors driving the demand for EV charging cable market growth.
The high operative costs coupled with fast power charging is a major restraint for the growth of global EV charging cable market. Rapid charging cables require huge power from the power grid, which is associated with the high production cost, installation, and equipment’s in a charging station. Limited availability of public charging infrastructure for electric vehicles has limited the adoption in the past. However, the substantial investments and government initiatives has significantly accelerated the development of public charging for electric vehicles.
Increasing adoption of electric vehicles, and growing demand for fast EV charging cables is giving substantial raise to the growth of the global market in the coming years. As per the Research Dive report statistics, the global EV charging cable market is expected to grow at 31.5% CAGR and will surpass $1,277.7 million by the end of 2026. The report highlights top gaining players operating in the global market. Some of them are EV TEISON, General Cable Technologies Corporation., SINBON Electronics Co., Ltd., Phoenix Contact, TE Connectivity, BRUGG GROUP AG, BASEN- Group, Leoni AG, Aptiv, IONITY GmbH and Dyden Corporation. These players are focusing more on advances in technology, and adopting several strategies such as collaborations, product development to stand strong in the global market.
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