EV Charging Cables Market Size & Share Report, Growth, Trends, 2032

Global EV Charging Cables Market Insights

According to Zion Market Research, the global EV Charging Cables Market was worth USD 11.71 Billion in 2023. The market is forecast to reach USD 16.82 Billion by 2032, growing at a compound annual growth rate (CAGR) of 4.1% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the EV Charging Cables industry over the next decade.

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Global EV Charging Cables Market Overview

The report covers in-depth analysis of the strategies adopted by major competitors in the global EV Charging Cables market. To understand the competitive landscape in the global EV Charging Cables market, an analysis of Porter’s Five Forces model is also included. The research study comprises of market attractiveness analysis, wherein all the segments are benchmarked on the basis of their market size and growth rate.

The research study provides a decisive view on the global EV Charging Cables market based on Power Supply Type, Application, Shape, Cable Length, Charging Level, and Region. All the segments of the market have been analyzed based on the past, present, and future trends. The market is estimated from 2024 to 2032.

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The increasing developments of electric vehicle supply devices, growing adoption of electric vehicles, and increasing requirement for fast charging cables will drive the growth of the global EV Charging Cables market. The escalating usage of AC charging in residential and semi-commercial charging stations is expected to expand market. In addition, the low installation cost and a low power output of EV charging cables will further support the growth of the market during forecast period. The high power charging capability that too in less than 30 Minutes is the primary factor augmenting the market growth. Apart from this, the rising demand for fast charging option in regions like China, South Korea, and Japan is expected to aid in rapid advancements of high-power charging infrastructure, thereby aiding the faster growth during the forecast period.

The increasing government initiative projects for escalating the number of public charging stations is projected to expand the market for EV charging cables. Additionally, the rising installation of hi-tech charging infrastructure and existence of major players in the electric vehicle supply equipment industry will further fuel the EV Charging Cables market. The demand for high number of EV charging stations and growing potential of the global electric vehicle supply equipment market in developing regions such as China and India has attracted key OEMs to producers of electric vehicle charging infrastructure in local markets. These factors are projected to aid global EV Charging Cables market growth during the forecast timeframe.

Global EV Charging Cables Market: Segmentation

On the basis of power supply type, the global EV Charging Cables market is sectored into AC Charging and DC Charging. Based on application, the market is segmented into Private Charging and Public Charging.

By cable length, the market for EV Charging Cables is segregated into 2 Meters to 5 Meters, 6 Meters to 10 Meters, and Above 10 Meters. In terms of shape, the market is categorized into Straight and Coiled.

On the basis of charging level, the global EV Charging Cables market is divided into Level 1, Level 2, and Level 3.

The regional segmentation comprises the past, present, and estimated demand for the Middle East & Africa, North America, Asia Pacific, Latin America, and Europe. The regional segment is further split into the U.S., Canada, Mexico, UK, France, Germany, China, Japan, India, South Korea, Brazil, and Argentina among others.

EV Charging Cables Market: Report Scope

Global EV Charging Cables Market Key Players

Some of the key players in the global EV Charging Cables market include:

• TE Connectivity
• BESEN Group
• Leoni AG
• Phoenix Contact
• Aptiv
• Coroplast

The report on global EV Charging Cables market is segmented into:

Global EV Charging Cables Market: By Power Supply Type Segmentation Analysis

• AC charging
• DC charging

Global EV Charging Cables Market: By Application Segmentation Analysis

• Private charging
• Public charging

Global EV Charging Cables Market: By Cable Length Segmentation Analysis

• 2 Meters to 5 Meters
• 6 Meters to 10 Meters
• Above 10 Meters

Global EV Charging Cables Market: By Shape Segmentation Analysis

• Straight
• Coiled

Global EV Charging Cables Market: By Charging Level Segmentation Analysis

• Level 1
• Level 2
• Level 3

Global EV Charging Cables Market: By Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa