Electric Vehicle (EV) Charging Cable Market Expansion 2024-2033: Growth Drivers and Dynamics

The electric vehicle (ev) charging cable from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Electric Vehicle (EV) Charging Cable Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size –
The electric vehicle (EV) charging cable market size has grown rapidly in recent years. It will grow from $0.93 billion in 2023 to $1.07 billion in 2024 at a compound annual growth rate (CAGR) of 16.0%.  The growth in the historic period can be attributed to regulatory support, increased market demand for electric vehicles, rising fuel prices, advancement in battery technology, and consumer demand for convenience and accessibility.

The electric vehicle (EV) charging cable market size is expected to see rapid growth in the next few years. It will grow to $1.95 billion in 2028 at a compound annual growth rate (CAGR) of 16.1%.  The growth in the forecast period can be attributed to enhanced regulatory measures, growing market penetration, rising environmental awareness, expansion of charging infrastructure, and ultra-fast charging cable. Major trends in the forecast period include expansion of public charging, home and workspace charging, sustainable materials, government and policy support, and advancement in electric vehicle charging technology.

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Scope Of Electric Vehicle (EV) Charging Cable Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Electric Vehicle (EV) Charging Cable Market Overview
Market Drivers –
The growing adoption of electric vehicles (EVs) is expected to propel the growth of the electric vehicle (EV) charging cable market going forward. Electric vehicles refer to automobiles that are powered either entirely or partially by electricity stored in rechargeable batteries rather than by internal combustion engines. The adoption of electric vehicles (EVs) is growing due to advancements in technology, environmental concerns, government incentives, and decreasing costs. Electric vehicle cables are used to connect the electric vehicles to a power source for charging their batteries. For instance, in April 2023, according to the International Energy Agency, a France-based autonomous intergovernmental organization, electric car sales exceeded 10 million in 2022 and are nearing 14 million in 2023, with firm objectives increasing to 35% by 2030. Therefore, the growing adoption of electric vehicles is driving the growth of the electric vehicle (EV) charging cable market.

Market Trends –
Major companies operating in the electric vehicle charging cable market are focused on developing innovative products, such as high-speed electric car chargers, to better serve customers with advanced features. High-speed electric car chargers are designed to significantly reduce charging times, allowing users to quickly and efficiently power their electric vehicles. For instance, in September 2021, ABB Ltd., a Switzerland-based provider of industrial automation and electrification technologies, launched the Terra 360 modular charger, which is capable of delivering unprecedented charging speeds and is designed to charge up to four vehicles simultaneously and provide 100 km of range in less than three minutes. Its innovative lighting system guides users through the charging process, displaying the state of charge (SoC) of the EV battery and the remaining time for an optimal charge session. It is wheelchair accessible and features an ergonomic cable management system, allowing drivers to plug in quickly with minimal effort.

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/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

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Regional Insights –
Asia-Pacific was the largest region in the electric vehicle (EV) charging cable market in 2023. 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.

Key Companies –
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

Table of Contents
1. Executive Summary
2. Electric Vehicle (EV) Charging Cable Market Report Structure
3. Electric Vehicle (EV) Charging Cable Market Trends And Strategies
4. Electric Vehicle (EV) Charging Cable Market – Macro Economic Scenario
5. Electric Vehicle (EV) Charging Cable Market Size And Growth
…..
27. Electric Vehicle (EV) Charging Cable Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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