2023-01-25 20:30:00

Global Electric Vehicles Cables Charging Market Size to grow USD 1025 Million by 2030 | CAGR of 26% | Revenue, Price,...

Logo GlobeNewswire
GlobeNewswire

The Global Electric Vehicles Cables Charging Market Size was valued at $200 million in 2021, and is projected to reach $1025 billion by 2030, growing at a CAGR of 26% from 2021 to 2030, According to a research report published by Spherical Insights & Consulting. Companies Covered: AG Electrical Technology Co, Aptiv Plc, Besen International Group, Brugg Group, Chengdu Khons Technology Co., Ltd., Coroplast Fritz Mller GmbH & Co. KG, Dyden Corporation, EV Cables UK, Guangdong OMG Transmitting Technology Co., Ltd., Leoni AG, Manlon Polymers, Phoenix Contact, Prysmian S.p.A., Sinbon Electronics, TE Connectivity Ltd. And Others 20+ prominent key players competition we will cover in the final report.

New York, United States , Jan. 25, 2023 (GLOBE NEWSWIRE) -- The Global Electric Vehicles Cable Charging Market Size was valued at $200 million in 2021 and is expected to reach $1025 million in 2030 at a CAGR of 26% from 2021 to 2030. Demand for fast charging cables is predicted to rise, and EV charger technology is projected to progress quickly. Multiple charging modes are available on electric car charging cords at various locations. It is projected that the electric vehicle charging market would grow swiftly and experience increased competition in order to support expanding sales of battery and plug-in electric vehicles.

Global Economy: Recession Risk Rising Analysis and Russia-Ukraine Conflict War Impact we have added in the final premium report.

Get a Sample PDF Brochure: https://www.sphericalinsights.com/request-sample/1478

Electric vehicles (EVs) have rechargeable batteries installed inside of them that can be charged using either private or public terminal outlets. With battery electric vehicles, which are entirely driven by electricity, the noise, air quality, and greenhouse gas emissions related to driving are significantly decreased. The stricter CO2 pollution rules in emerging economies are what's driving the demand for EVs. As a result, there is an exponential increase in demand for infrastructure for electric vehicle charging. For instance, there were roughly 44% more EV charging stations established globally.

Such reasons are predicted to raise the need for electric vehicle charging cables in emerging economies during the next 10 years. The market is also growing as a result of increased government initiatives and campaigns to encourage the adoption of EVs. The size of the market for EV charging cables is affected by the significant investments made in the installation of charging infrastructure by nations like China, the Netherlands, the United States, France, and Japan. For instance, installing a charger specifically intended for use in households to recharge electric vehicles costs USD 650 in the United Kingdom.

Additionally, the growing number of government initiatives and the focus on promoting the adoption of EVs are aiding market expansion. Significant investments have been made in the construction of charging infrastructure by nations including China, the Netherlands, the United States, France, Norway, and Japan, which is also anticipated to have an effect on the size of the market for EV charging cables. For instance, in the United Kingdom, a specialised home charger for an electric car installation is supplied for USD 650.

Browse key industry insights spread across 200 pages with 116 market data tables and figures & charts from the report Global Electric Vehicles Cables Charging Market Size, Share, and COVID-19 Impact Analysis, By Power Supply, By Cable Length, By Charging Level, By Shape, By Application, By Region (North America, Europe, Asia Pacific, Middle East & Africa, South America) Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 2030 in detail along with the table of contents.

Buy Now Full Report: https://www.sphericalinsights.com/checkout/1478

Fast charging cords cost about $127, which is a hefty premium above regular charging cables. The price of charging cables for rapid charging stations can restrict the use of this technology. For instance, it costs $1700 to set up a slow charging station in the UK, which is a substantial sum of money. As charging cable technology advances, users will increasingly favour the newest types. Therefore, the initial cost of installing the charging station could result in significant losses for some consumers. All of these elements might prevent the market from expanding.

Covid 19 Impact on Global Electric Vehicles Cables Charging Market

Fast charging cables are around $127 more expensive than regular charging connections. This technology's use may be constrained by the price of charging cables for rapid charging stations. For instance, setting up a slow charging station in the UK costs $1700, which is a sizable sum of money. As charging cable technology advances, users will likewise embrace the newest versions more and more. As a result, the upfront expense of establishing the charging station may cause substantial losses for some consumers. Each of these elements may restrict the market's potential to expand.

Global Electric Vehicles Cables Charging Market, By Cable Length

The market is divided into three categories based on cable length: below 5 metres, 6 metres to 10 metres, and above 10 metres. The cable length segment between 6 and 10 metres is anticipated to grow at the greatest CAGR of 28% between 2021 and 2030. This is due to the fact that charging stations can accommodate growing consumer demand and increased penetration of electric vehicles with cable lengths of at least 18 to 20 feet.

Global Electric Vehicles Cables Charging Market, By Charging Level

The market has been segmented into level 1, level 2, and level 3 charge levels. From 2021 to 2030, the CAGR for the level 3 segment category is predicted to be the greatest at 28%. CHAdeMO technology, which charges through 480V, is included in Level 3 systems. In less than 15 minutes, a level 3 charger can recharge an electric car battery that has been completely depleted. The primary driver of the segment's growth is the ability to charge devices at high power in less than 30 minutes. Additionally, it is projected that rising demand for fast charging systems in nations like China, South Korea, and Japan would help hasten the development of high-power electric vehicle charging infrastructure, which in turn is anticipated to propel the segment during the forecast period.

Inquire Before Buying This Research Report: https://www.sphericalinsights.com/inquiry-before-buying/1478

Global Electric Vehicles Cables Charging Market, By Shape

Based on cable shape, the market has been segmented into straight and coiled cable. From 2021 to 2030, the coiled cable market is anticipated to grow at the highest CAGR of 29%. They go by the name "spiral cables" and are simple to maintain because they don't stretch out across the ground, reducing the risk of tripping. These cables are therefore more durable than straight cables and take up less storage space. Developments are also anticipated to lower the cost of coiled cables, increasing the segment's growth during the forecast period.

Global Electric Vehicles Cables Charging Market, By Application

The market is segmented into applications for both private and public charging. The fastest CAGR of 27.0% is anticipated for public charging stations between 2021 and 2030. Shopping centres, airports, hotels, parking lots for commercial properties, offices of the government, taxi stops, and motorways all have these stations built. These charging stations have the power to quickly and at a high voltage charge an electric vehicle. Over the projection period, demand for public charging stations is expected to increase due to the widespread adoption of electric vehicles and the rising desire among EV owners to shorten charging times.

Global Electric Vehicles Cables Charging Market, By Region

From 2021 to 2030, North America is predicted to have the greatest CAGR, at 30%, followed by Europe and Asia Pacific. This is due to manufacturers' growing focus on creating electric vehicles that are high-performing, clean, and quick. The regional market is projected to be driven by the expansion of advanced charging infrastructure and the presence of significant EV supply equipment manufacturers in the area.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Companies Covered: AG Electrical Technology Co, Aptiv Plc, Besen International Group, Brugg Group, Chengdu Khons Technology Co., Ltd., Coroplast Fritz Mller GmbH & Co. KG, Dyden Corporation, EV Cables UK, Guangdong OMG Transmitting Technology Co., Ltd., Leoni AG, Manlon Polymers, Phoenix Contact, Prysmian S.p.A., Sinbon Electronics, TE Connectivity Ltd. And Others 20+ prominent key players competition we will cover in the final report.

Get Discount At @ https://www.sphericalinsights.com/request-discount/1478

Recent Developments in Global Electric Vehicles Cables Charging Market

The AMP+ charging inlet for hybrid and electric passenger and commercial cars was presented by TE Connectivity Ltd. in January 2021. These devices can manage AC currents of up to 32 amps and DC currents of 200 amps.

A leading provider of optical and electrical communication solutions, HUBER+SUHNER AG, debuted RADOX HPC500 in April 2021 as the newest model in the RADOX higher power line. Even in warm conditions, 500 Ampere continuous charging is possible with these cooled charger cables.

Browse Related Reports

Global Electronic Article Surveillance Market Size, Share, and COVID-19 Impact Analysis, By Component (Tags, Antennas, and Deactivators/Detachers), By End-User (Clothing & Fashion Accessories, Cosmetics/Pharmacy, Supermarkets, and Mass Merchandise Stores), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 2030.

https://www.sphericalinsights.com/reports/electronic-article-surveillance-market

Global OLEDoS (Organic Light-Emitting Diode on Silicon) Market Size, Share & Trends, COVID-19 Impact Analysis Report, by Type (Flexible, and Foldable), by Technology (PMOLED, and AMOLED), by End-Use Industry (Consumer Electronics, Aerospace & Defense, Healthcare, Industrial, Automotive, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 2030

https://www.sphericalinsights.com/reports/oledos-organic-light-emitting-diode-on-silicon-market

Global Smartphone Market Size, Share & Trends, COVID-19 Impact Analysis Report, By Operating System Android, iOS, and Others, By Price Range Low Range, Medium Range, and Premium range, By Distribution Channel OEMs, Retailers, and Online, and By Region North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa, Analysis and Forecast 2021 2030

https://www.sphericalinsights.com/reports/smartphone-market

About the Spherical Insights& Consulting

Spherical Insights& Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.

CONTACT US:

For More Information on Your Target Market, Please Contact Us Below:

Phone:+1 303 800 4326 (the U.S.)

Phone:+91 90289 24100 (APAC)

Email:inquiry@sphericalinsights.com,sales@sphericalinsights.com

Contact Us:https://www.sphericalinsights.com/contact-us

Follow Us:LinkedIn|Facebook|Twitter


Continue read on globenewswire.com

Logo GlobeNewswire
EconomyPress Release2023-01-25 09:19:00
The global Electric Vehicle market size hit USD 246.70 billion in 2020. The market valuation is expected to increase from USD 287.36 billion in 2021 to USD...

Logo PR Newswire
AutoPress Release2023-01-25 07:00:00
NEW YORK, Jan. 25, 2023 /PRNewswire/ -- The global electric vehicle market size is estimated to increase by 25,927.15 thousand units from 2022 to 2027. The...

Logo PR Newswire
The "Global EV Fast Charging Market by Charging Station Type (Standalone and Split), by Power ( 250kW), by Charger Type (Fast Charger and Ultra-Fast Charger)...

Logo EIN Presswire
Low Voltage Cable Market Global Low Voltage Cable Market Size To Grow At A CAGR Of 4.4% Between 2023-2028

Logo PR Newswire
AutoPress Release2023-01-25 14:15:00
NEW YORK, Jan. 25, 2023 /PRNewswire/ -- The electric commercial vehicle market has captured $68.9 billion revenue in 2022, and it is projected to generate...

Logo PR Newswire
AutoPress Release2023-01-25 06:30:00
NEW YORK, Jan. 25, 2023 /PRNewswire/ -- The global connected car market size is estimated to increase by USD 172,767.39 million from 2022 to 2027. The...

Logo EIN Presswire
TechnologyPress Release2023-01-24 12:59:38
Emergen Research Logo Strict emission regulations, supportive government policies, and increased vehicle electrification are some factors driving revenue...

Logo PR Newswire
DUBLIN, Jan. 24, 2023 /PRNewswire/ -- The "Electric Vehicle Charging Station Market By Mode of charging, By Charging level, By End User: Global Opportunity...

Logo PR Newswire
NEW YORK, Jan. 25, 2023 /PRNewswire/ -- According to Technavio, the automotive batteries market will witness a YOY growth of 16.01% in 2023. The market is...

Logo PR Newswire
AutoPress Release2023-01-24 11:15:00
NEW YORK, Jan. 24, 2023 /PRNewswire/ -- According to Technavio, the global electric vehicle transmission system market size is estimated to grow by USD...

Logo Daily Mail
Business / FinanceBy Rob Hull2023-01-25 14:50:14
Electric car charging infrastructure at crisis point: Monthly new device installations need to rise by 288% if ministers are to meet their target of 300k...

Logo EIN Presswire
EV Charging Cable Market is expected to reach US$ 3,551.78 Million by 2028 NEW YORK, UNITED STATES, January 19, 2023 / EINPresswire.com / -- According to our...

Logo GlobeNewswire
EconomyPress Release2023-01-25 11:31:00
Wireline Services Market size was valued at USD 13.7 Bn. in 2021 and the total Wireline Services Market revenue is expected to grow at 7% from 2022 to 2029,...

Logo EIN Presswire
AutoPress Release2023-01-23 12:08:24
Emergen Research Logo According to Emergen Research the Electric Vehicle Fast Charging System Market is expected to grow USD 2.30 billion by 2027 Electric...

Logo EIN Presswire
AutoPress Release2023-01-25 07:33:28
Emergen Research Logo Depleting resources of fossil fuels, and rising need for eco-friendly vehicles are driving electric vehicles market revenue growth...

Logo PR Newswire
NEW YORK, Jan. 25, 2023 /PRNewswire/ -- Germany is the leading production and sales market in the Europe region and contributes to the top innovative...

Logo The Business Times
Business / Finance2023-01-24 23:41:19
AUTOMAKERS looking to fund their transition to electric vehicles (EV) could potentially borrow about US$28 billion in green bonds globally this year, double...

Logo EIN Presswire
Charge Card Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2027 The Business Research Companys Charge Card Global Market Report...

Logo PR Newswire
AutoPress Release2023-01-24 10:45:00
NEW YORK, Jan. 24, 2023 /PRNewswire/ -- According to Technavio, the global automotive battery testers market size is estimated to grow by USD 80.37 million...

Logo WIRED
Business / FinanceBy Aarian Marshall2023-01-24 21:56:26
Electric vehicles are selling fast. But unless people change how they get around, the demand for battery materials threatens its own environmental disaster.