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Feb 2020 |
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.
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.
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.
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.
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.
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.
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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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 |
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Source: Research Dive Analysis
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
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