MarketersMEDIA / Newsroom / Global EV Charging Cables Market is expected to reach $1,595.37 million 2027 growing at a CAGR 29.8% during 2018 to 2027.

Global EV Charging Cables Market is expected to reach $1,595.37 million 2027 growing at a CAGR 29.8% during 2018 to 2027.

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Some of the key players in EV Charging Cables Market include Leoni AG, Aptiv Plc, BESEN International Group, Dyden Corporation, TE Connectivity, Brugg Group, Sinbon Electronics, Coroplast, Phoenix Contact, EV Teison, Systems Wire and Cable and General Cable Technologies Corporation.

— Some of the key factors propelling the market growth are growing adoption of electric vehicles and rising demand for fast charging cables. However, high cost of these charging cables and improvement of wireless EV charging are the restraining factor for the growth of the market.

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EV charging cables for electric vehicles support different charging modes in various regions. Charging cables make it possible for drivers to charge their electric vehicles within a few minutes and to travel significantly longer distances. Such cables must have a smaller diameter to make them easy to handle, but this exposes them to overheating. This is why they are consequently fitted with a liquid-cooling system.

By power supply type, alternate charging (<=22kW) segment is expected to grow at the significant market share during the forecast period. It is used in residential and few of the commercial charging stations. This kind of charging offers a low power output and has low cost of installation. It may be a single phase or a 3-phase cable depending on the current and power needs. Access the complete report at: https://www.strategymrc.com/report/ev-charging-cables-market

On the basis of geography, North America is anticipated to hold considerable market share during the forecast period. Various projects initiated by the government to increase the number of public charging stations are expected to drive the market in the region. The rising installation of advanced charging infrastructure and presence of key players in the electric vehicle supply equipment industry are also expected to drive the market in the region.

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Jacket Materials Covered:
• Thermoplastic Elastomer (TPE) Jacket
• Polyvinyl Chloride (PVC) Jacket
• All Rubber Jacket

Shapes Covered:
• Coiled Cables
• Straight Cable

Power Supply Types Covered:
• Direct Charging (>=22kW)
• Alternate Charging (<=22kW) Charging Levels Covered: • Level 3 (300-600v) • Level 2 (240 V) • Level 1 (120 V) Cable Lengths Covered: • Above 10 Meters • 6 Meters to 10 Meters • 2 Meters to 5 Meters Applications Covered: • Public Charging • Private Charging Regions Covered: • North America o US o Canada o Mexico • Europe o Germany o France o Italy o UK o Spain o Rest of Europe • Asia Pacific o Japan o China o India o Australia o New Zealand o South Korea o Rest of Asia Pacific • South America o Argentina o Brazil o Chile o Rest of South America • Middle East & Africa o Saudi Arabia o UAE o Qatar o South Africa o Rest of Middle East & Africa What our report offers: - Market share assessments for the regional and country level segments - Market share analysis of the top industry players - Strategic recommendations for the new entrants - Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets - Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations) - Strategic recommendations in key business segments based on the market estimations - Competitive landscaping mapping the key common trends - Company profiling with detailed strategies, financials, and recent developments - Supply chain trends mapping the latest technological advancements Follow us on Twitter: https://twitter.com/StratisticsMRC Follow us on LinkedIn at: https://www.linkedin.com/company/stratistics-market-research-consulting-pvt-ltd?trk=mini-profile About Stratistics MRC We offer a wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services, and Full-Time Equivalent (FTE) services in the research world. We explore market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends. Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.

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Source URL: https://marketersmedia.com/global-ev-charging-cables-market-is-expected-to-reach-159537-million-2027-growing-at-a-cagr-298-during-2018-to-2027/88948631

Source: MarketersMedia

Release ID: 88948631

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