16-Sep-2024 | Zion Market Research
Zion Market Research has published a new report titled “Global EV Charging Cables Market – By Power Supply Type (AC Charging and DC Charging), By Application (Private Charging and Public Charging), By Cable Length (2 Meters to 5 Meters, 6 Meters to 10 Meters, and Above 10 Meters), By Shape (Straight and Coiled), By Charging Level (Level 1, Level 2, and Level 3), and By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024 – 2032.” According to the report, 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.
Browse the full “Global EV Charging Cables Market – By Power Supply Type (AC Charging and DC Charging), By Application (Private Charging and Public Charging), By Cable Length (2 Meters to 5 Meters, 6 Meters to 10 Meters, and Above 10 Meters), By Shape (Straight and Coiled), By Charging Level (Level 1, Level 2, and Level 3), and By Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2024 – 2032..” Report at https://www.zionmarketresearch.com/report/ev-charging-cables-market
The AC charging cable category is predicted to dominate the global EV Charging Cables market during the forecast period. The escalating usage of AC charging in residential and semi-commercial charging stations is expected to help the AC charging category dominate the market. In addition, the low installation cost and low power output will further support the growth of the global EV Charging Cables market during forecast period.
The ability of a Level 3 charger to charge a completely drained vehicle up to 80% in less than 15 Minutes is likely to propel the growth of the Level 3 category in the global EV Charging Cables market. 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 options in regions like China, South Korea, and Japan is expected to aid in rapid advancements of high-power charging infrastructure, thereby aiding the Level 3 category to grow at a faster rate during the forecast period.
The EV Charging Cables market is likely to exhibit the fastest growth in the North American regions 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 in the region. Additionally, the rising installation of hi-tech charging setup and the existence of major companies in the EV supply equipment industry will fuel the EV Charging Cables market in North America.
Asia Pacific region is estimated to dominate EV Charging Cables market during the forecast period owing to the high number of EV charging stations in the region. The growing potential of the global electric vehicle supply equipment market in emerging regions such as China and India has attracted key OEMs to producers of electric vehicle charging infrastructure in local markets.
Some of the key players in the global EV Charging Cables market include-
Global EV Charging Cables Market: By Power Supply Type Segmentation Analysis
Global EV Charging Cables Market: By Application Segmentation Analysis
Global EV Charging Cables Market: By Cable Length Segmentation Analysis
Global EV Charging Cables Market: By Shape Segmentation Analysis
Global EV Charging Cables Market: By Charging Level Segmentation Analysis
Global EV Charging Cables Market: By Regional Segmentation Analysis
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