EV Charging Cables Market- Global Industry Size, Share, Trend Analysis, Outlook, Growth, Opportunity and Forecast, 2018-2028, Segmented By Power Supply (AC Charging (<=22Kw), DC Charging (>400Kw)), By Cable Length (2-5 Meters, 6-10 Meters, >10 Meters), By Charging Level (Level 1 (120 V), Level 2 (240 V), Level 3 (300-600V)), By Shape (Straight, Coiled), By Application (Private Charging, Public Charging), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA)

  • Published Date: January 2022
  • Report ID: BWC22031
  • Available Format: PDF
  • Page: 191

Report Overview

Growing concern over the environment and carbon emissions drives the global demand and production of EV charging cables. In addition, the emergence of private-public partnerships in establishing charging infrastructure in different regions to promote the use of electric vehicles propels the market forward.

Global EV Charging Cables Market- Industry Trends & Forecast Report 2028

The global EV charging cables market was worth USD 430.9 million in 2021 and is further projected to reach USD 4,402.0 million by the year 2028, growing at a CAGR of 39.4% during the forecast period (2022-2028). Growth of the EV charging cables market has been attributed to the increasing production and demand for electric vehicles owing to increasing concerns about environmental impact and carbon emission. Furthermore, the rising private-public partnership to install charging infrastructure in different regions to promote the use of electric vehicles is anticipated to provide lucrative growth opportunities to the global EV charging cables market.

EV Charging Cables Market

EV Charging Cables – A Brief Overview

EV charging cables are similar to phone chargers; they let electric vehicle owners charge their EVs. These cables have two ends, one of which is attached to a connector that is plugged into the electric vehicle, and the other into the charging point. The charging cable for electric vehicles supports a variety of charging modes in different regions. Therefore, EV users prefer to use EV charging cables so they can charge their vehicles at public charging stations.

EV Charging Cables Market Forecast and Trends

Growth Drivers

Rising Adoption of Electric Vehicles

The growing demand for electric vehicles is emerging as the major driving factor for the global EV charging cable market. Electric vehicles are becoming increasingly popular due to volatile fuel prices, along with an increasing awareness of carbon emissions and footprint. According to the International Energy Agency, more than 10 million electric cars were registered worldwide in 2020 with about 3 billion new electric cars registered in the same year despite the pandemic restrictions.

Increasing Technological Advancements and Research And Development Activities

The rising demand for electric vehicles is making the EV components market, including charging cables, extremely competitive. As a result, market players are significantly investing in research and development activities to stay ahead in the competition. For instance, Ford, in partnership with Purdue University, is creating a charging cable that can be used with high-power charging stations to recharge an electric vehicle's battery within five minutes. The cable also features a unique liquid cooling system to dissipate heat. Such developments are anticipated to provide lucrative growth opportunities to the EV charging cables market.

Restraints

High Upfront Cost of EV Charging Cables

The high cost of EV charging cables acts as a major restraining factor for the growth of the market. An EV charging cable costs between USD 1000 and USD 2500, depending on the brand, station, and region. The high cost of these cables is estimated to be the result of the production and testing phases which alone can cost over 30,000 Euros (approx. USD 33,000). The high cost may limit the sales of EV charging cables, negatively impacting its market growth.

Impact of COVID-19 on the Global EV Charging Cables Market

The COVID-19 pandemic proved to be a huge challenge for the global EV charging cables market during its initial outbreak. This is because the manufacturing and production operations of electric vehicles and their components, including charging cables, were completely halted during the lockdown. However, the pandemic is expected to provide lucrative growth opportunities to the market during the forecast period. In response to the global COVID-19 situation, the topic of sustainability came to the forefront, which is expected to spur the demand for personal and commercial electric vehicles, which in turn, will drive the demand for EV charging cables.

Global EV Charging Cables Market - By Power Supply

Based on power supply, the global EV charging cables market is segmented into AC charging (<=22 kW) and DC charging (>400 kW). The AC charging segment accounts for the largest market share as this type of power supply is most commonly used in residential and certain commercial facilities. Despite lower installation costs, the AC charging segment has a low power output. Therefore, the DC charging segment is projected to witness the highest growth rate during the forecast period due to its faster energy supply.

Global EV Charging Cables Market - By Cable Length

Based on cable length, the global EV charging cables market is segmented into 2-5 meters, 6-10 meters, and >10 meters. The 2-5 meters segment holds the largest share in the market due to its increasing popularity among private EV owners who charge their vehicles at residential spaces. This cable length also offers ease of storage due to which its demand is increasing at a high rate. Furthermore, the 6-10 meters cable length is also gaining traction due to its higher suitability in public charging stations.

Global EV Charging Cables Market - Regional Insights

Geographically, the EV charging cables market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle-East & Africa. Among these, the Asia-Pacific region dominates the EV charging cable market. China and Japan are emerging as manufacturing hubs for EV charging cables which are boosting the accessibility to these products, propelling the overall market growth. Moreover, the growing investment in the adoption of electric vehicles and construction of charging stations in emerging economies such as India, China, South Korea, etc., is expected to provide lucrative growth opportunities for the EV charging cables market.

Global EV Charging Cables Market - Competitive Landscape

The leading players in the EV charging cables market are Leoni AG, Brugg Group, TE Connectivity Ltd., Eland Cables, Besen International Group Limited, Systems Wire, and Cable LLC, Phoenix Contact, EV Teison, Coroplast Group, Sinbon Electronics Co., Ltd., Chengdu Khons Technology Co., Ltd., Dyden Corporation, General Cable Technologies Corporation, Aptiv plc, AG Electrical, OMG EV Cables, Alishan Cable Industries, 3Q Wire & Cable, MustartPower, and other prominent players.

The market is highly competitive and fragmented and dominated by numerous global and regional industry players. The market players offer a wide range of EV charging cables and constantly launch new products to stay ahead in the competition. They also invest significantly in research and development activities to innovate their products besides focusing on improving their distribution channels for boosting their market presence. Furthermore, the adoption of competitive strategies, such as mergers, acquisitions, collaborations, joint ventures, etc., is also prominent in this market.

Recent Developments:

  • In September 2021, Bosch, a German engineering and technology company, revealed its new flexible charging cable for electric vehicles without the ‘charging brick’ with integrated universal charging technology.
  • In August 2021, Zero Emission Vehicles Ltd. announced the launch of British-made EV charging cables with lightweight connectors for the UK market.

Scope of the Report

Attributes Details
Years Considered Historical data – 2018-2021
Base Year – 2021
Forecast – 2022 – 2028
Facts Covered Revenue in USD Million
Market Coverage U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, UAE, South Africa, Saudi Arabia
Product Service/Segmentation By Power Supply, By Cable Length, By Charging Level, By Shape, By Application, By Region
Key Players Leoni AG, Brugg Group, TE Connectivity Ltd., Eland Cables, Besen International Group Limited, Systems Wire, and Cable LLC, Phoenix Contact, EV Teison, Coroplast Group, Sinbon Electronics Co., Ltd., Chengdu Khons Technology Co., Ltd., Dyden Corporation, General Cable Technologies Corporation, Aptiv plc, AG Electrical, OMG EV Cables, Alishan Cable Industries, 3Q Wire & Cable, MustartPower, and other prominent players.

 

By Power Supply

  • AC Charging (<=22Kw)
  • DC Charging (>400Kw)

By Cable Length

  • 2-5 Meters
  • 6-10 Meters
  • >10 Meters

By Charging Level

  • Level 1 (120 V)
  • Level 2 (240 V)
  • Level 3 (300-600V)

By Shape

  • Straight
  • Coiled

By Application

  • Private Charging
  • Public Charging

By Region

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Latin America (LATAM)
  • Middle-East & Africa (MEA)
  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Research Methodology
    1. Qualitative Research
    2. Methodology
    3. Regional Split of Primary & Secondary Research
    4. Secondary Research
    5. Primary Research
      1. Breakdown of Primary Research Respondents, By Region
      2. Breakdown of Primary Research Respondents, By Industry Participants
    6. Market Size Estimation
    7. Assumptions for the Study
    8. Market Breakdown & Data Triangulation
  3. Executive Summary
  4. Industry Insight and Growth Strategy
    1. Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Rising Adoption Of Electric Vehicles
        2. Increasing Technological Advancements And Research And Development Activities
      2. Restraints
        1. High Upfront Cost Of EV Charging Cables
      3. Opportunities
        1. Limited Charging Infrastructure is Most Countries
      4. Challenges
        1. Establishment of Public Charging Points
        2. High Demand for Low-Cost Straight Cables
    3. Recent Developments
    4. Porter’s Five Forces Analysis
      1. Bargaining Power of Buyers
      2. Bargaining Power of Suppliers
      3. Intensity of Rivalry
      4. Threat of New Entrants
      5. Threat of Substitutes
  5. EV Charging Cables Market Overview
    1. Market Estimates & Forecast by Value, 2018-2028
    2. Market Share & Forecast, by Segment
      1. By Power Supply
        1. AC Charging (<=22Kw)
        2. DC Charging (>400Kw)
      2. By Cable Length
        1. 2-5 Meters
        2. 6-10 Meters
        3. >10 Meters
      3. By Charging Level
        1. Level 1 (120 V)
        2. Level 2 (240 V)
        3. Level 3 (300-600V)
      4. By Shape
        1. Straight
        2. Coiled
      5. By Application
        1. Private Charging
        2. Public Charging
      6. By Region
        1. North America
        2. Europe
        3. Asia-Pacific (APAC)
        4. Latin America (LATAM)
        5. Middle-East & Africa (MEA)
  6. North America EV Charging Cables Market Overview
    1. Market Size and Forecast
      1. By Value (USD Million), 2018-2028
    2. Market Share and Forecast
      1. By Power Supply
      2. By Cable Length
      3. By Charging Level
      4. By Shape
      5. By Application
      6. By Country
        1. U.S.
        2. Canada
  7. Europe EV Charging Cables Market Overview
    1. Market Size and Forecast
      1. By Value (USD Million), 2018-2028
    2. Market Share and Forecast
      1. By Power Supply
      2. By Cable Length
      3. By Charging Level
      4. By Shape
      5. By Application
      6. By Country
        1. Germany
        2. U.K.
        3. France
        4. Italy
        5. Spain
        6. Netherlands
        7. Rest of Europe
  8. APAC EV Charging Cables Market Overview
    1. Market Size and Forecast
      1. By Value (USD Million), 2018-2028
    2. Market Share and Forecast
      1. By Power Supply
      2. By Cable Length
      3. By Charging Level
      4. By Shape
      5. By Application
      6. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Rest of APAC
  9. LATAM EV Charging Cables Market Overview
    1. Market Size and Forecast
      1. By Value (USD Million), 2018-2028
    2. Market Share and Forecast
      1. By Power Supply
      2. By Cable Length
      3. By Charging Level
      4. By Shape
      5. By Application
      6. By Country
        1. Mexico
        2. Brazil
        3. Rest of LATAM
  10. MEA EV Charging Cables Market Overview
    1. Market Size and Forecast
      1. By Value (USD Million), 2018-2028
    2. Market Share and Forecast
      1. By Power Supply
      2. By Cable Length
      3. By Charging Level
      4. By Shape
      5. By Application
      6. By Country
        1. Saudi Arabia
        2. UAE
        3. South Africa
        4. Rest of MEA
  11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share / Ranking Analysis (2021)
    3. Competitive Benchmarking, By Operating Parameters
  12. Impact of COVID-19 on EV Charging Cables Market
  13. Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
    1. Leoni AG
    2. Brugg Group
    3. TE Connectivity Ltd.
    4. Eland Cables
    5. Besen International Group Limited
    6. Systems Wire and Cable LLC
    7. Phoenix Contact
    8. EV Teison
    9. Coroplast Group
    10. Sinbon Electronics Co., Ltd.
    11. Chengdu Khons Technology Co., Ltd.
    12. Dyden Corporation
    13. General Cable Technologies Corporation
    14. Aptiv plc
    15. AG Electrical
    16. OMG EV Cables
    17. Alishan Cable Industries
    18. 3Q Wire & Cable
    19. MustartPower
    20. Other Prominent Players
  14. Key Strategic Recommendations

 

List of Figures

 

Figure 1: EV Charging Cables Market Segmentation

Figure 2: EV Charging Cables Market Value Chain Analysis,

Figure 3: Company Market Share Analysis, 2021

Figure 4: EV Charging Cables Market Size, By Value (USD Million), 2018-2028

Figure 5: EV Charging Cables Market Share (%), By Power Supply, By Value, 2018-2028

Figure 6: EV Charging Cables Market Share (%), By Cable Length, By Value, 2018-2028

Figure 7: EV Charging Cables Market Share (%), By Charging Level, By Value, 2018-2028

Figure 8: EV Charging Cables Market Share (%), By Shape, By Value, 2018-2028

Figure 9: EV Charging Cables Market Share (%), By Application, By Value, 2018-2028

Figure 10: EV Charging Cables Market Share (%), By Region, By Value, 2018-2028

Figure 11: North America EV Charging Cables Market Size, By Value (USD Million), 2018-2028

Figure 12: North America EV Charging Cables Market Share (%), By Power Supply, By Value, 2018-2028

Figure 13: North America EV Charging Cables Market Share (%), By Cable Length, By Value, 2018-2028

Figure 14: North America EV Charging Cables Market Share (%), By Charging Level, By Value, 2018-2028

Figure 15: North America EV Charging Cables Market Share (%), By Shape, By Value, 2018-2028

Figure 16: North America EV Charging Cables Market Share (%), By Application, By Value, 2018-2028

Figure 17: North America EV Charging Cables Market Share (%), By Country, By Value, 2018-2028

Figure 18: Europe EV Charging Cables Market Size, By Value (USD Million), 2018-2028

Figure 19: Europe EV Charging Cables Market Share (%), By Power Supply, By Value, 2018-2028

Figure 20: Europe EV Charging Cables Market Share (%), By Cable Length, By Value, 2018-2028

Figure 21: Europe EV Charging Cables Market Share (%), By Charging Level, By Value, 2018-2028

Figure 22: Europe EV Charging Cables Market Share (%), By Shape, By Value, 2018-2028

Figure 23: Europe EV Charging Cables Market Share (%), by Application, By Value, 2018-2028

Figure 24: Europe EV Charging Cables Market Share (%), By Country, By Value, 2018-2028

Figure 25: Asia-Pacific EV Charging Cables Market Size, By Value (USD Million), 2018-2028

Figure 26: Asia-Pacific EV Charging Cables Market Share (%), By Power Supply, By Value, 2018-2028

Figure 27: Asia-Pacific EV Charging Cables Market Share (%), By Cable Length, By Value, 2018-2028

Figure 28: Asia-Pacific EV Charging Cables Market Share (%), By Charging Level, By Value, 2018-2028

Figure 29: Asia-Pacific EV Charging Cables Market Share (%), By Shape, By Value, 2018-2028

Figure 30: Asia-Pacific EV Charging Cables Market Share (%), By Application, By Value, 2018-2028

Figure 31: Asia-Pacific EV Charging Cables Market Share (%), By Country, By Value, 2018-2028

Figure 32: Latin America EV Charging Cables Market Size, By Value (USD Million), 2018-2028

Figure 33: Latin America EV Charging Cables Market Share (%), By Power Supply, By Value, 2018-2028

 

Figure 34: Latin America EV Charging Cables Market Share (%), By Cable Length, By Value, 2018-2028

Figure 35: Latin America EV Charging Cables Market Share (%), By Charging Level, By Value, 2018-2028

Figure 36: Latin America EV Charging Cables Market Share (%), By Shape, By Value, 2018-2028

Figure 37: Latin America EV Charging Cables Market Share (%), By Application, By Value, 2018-2028

Figure 38: Latin America EV Charging Cables Market Share (%), By Country, By Value, 2018-2028

Figure 39: Middle East & Africa EV Charging Cables Market Size, By Value (USD Million), 2018-2028

Figure 40: Middle East & Africa EV Charging Cables Market Share (%), By Power Supply, By Value, 2018-2028

Figure 41: Middle East & Africa EV Charging Cables Market Share (%), By Cable Length, By Value, 2018-2028

Figure 42: Middle East & Africa EV Charging Cables Market Share (%), By Charging Level, By Value, 2018-2028

Figure 43: Middle East & Africa EV Charging Cables Market Share (%), By Shape, By Value, 2018-2028

Figure 44: Middle East & Africa EV Charging Cables Market Share (%), By Application, By Value, 2018-2028

Figure 45: Middle East & Africa EV Charging Cables Market Share (%), By Region, By Value, 2018-2028

 

 

List of Tables

 

Table 1: EV Charging Cables Market Size, By Power Supply, By Value, 2018-2028

Table 2: EV Charging Cables Market Size, By Cable Length, By Value (USD Million), 2018-2028

Table 3: EV Charging Cables Market Size, By Charging Level, By Value (USD Million), 2018-2028

Table 4: EV Charging Cables Market Size, By Shape, By Value (USD Million), 2018-2028

Table 5: EV Charging Cables Market Size, By Application, By Value (USD Million), 2018-2028

Table 6: EV Charging Cables Market Size, By Region, By Value (USD Million), 2018-2028

Table 7: North America EV Charging Cables Market Size, By Power Supply, By Value (USD Million), 2018-2028

Table 8: North America EV Charging Cables Market Size, By Cable Length, By Value (USD Million), 2018-2028

Table 9: North America EV Charging Cables Market Size, By Charging Level, By Value (USD Million), 2018-2028

Table 10: North America EV Charging Cables Market Size, By Shape, By Value (USD Million), 2018-2028

Table 11: North America EV Charging Cables Market Size, By Application, By Value (USD Million), 2018-2028,

Table 12: Europe EV Charging Cables Market Size, By Power Supply, By Value (USD Million), 2018-2028

Table 13: Europe EV Charging Cables Market Size, By Cable Length, By Value (USD Million), 2018-2028

Table 14: Europe EV Charging Cables Market Size, By Charging Level, By Value (USD Million), 2018-2028

Table 15: Europe EV Charging Cables Market Size, By Shape, By Value (USD Million), 2018-2028

Table 16: Europe EV Charging Cables Market Size, By Application, By Value (USD Million), 2018-2028

Table 17: the Asia-Pacific EV Charging Cables Market Size, By Power Supply, By Value (USD Million), 2018-2028

Table 18: the Asia-Pacific EV Charging Cables Market Size, By Cable Length, By Value (USD Million), 2018-2028

Table 19: the Asia-Pacific EV Charging Cables Market Size, By Charging Level, By Value (USD Million), 2018-2028

Table 20: the Asia-Pacific EV Charging Cables Market Size, By Shape, By Value (USD Million), 2018-2028

Table 21: the Asia-Pacific EV Charging Cables Market Size, By Application, By Value (USD Million), 2018-2028

Table 22: Latin America EV Charging Cables Market Size, By Power Supply, By Value (USD Million), 2018-2028

Table 23: Latin America EV Charging Cables Market Size, By Cable Length, By Value (USD Million), 2018-2028

Table 24: Latin America EV Charging Cables Market Size, By Charging Level, By Value (USD Million), 2018-2028

Table 25: Latin America EV Charging Cables Market Size, By Shape, By Value (USD Million), 2018-2028

Table 26: Latin America EV Charging Cables Market Size, By Application, By Value (USD Million), 2018-2028

Table 27: The Middle-East & Africa EV Charging Cables Market Size, By Power Supply, By Value (USD Million), 2018-2028

Table 28: The Middle-East & Africa EV Charging Cables Market Size, By Cable Length, By Value (USD Million), 2018-2028

Table 29: The Middle-East & Africa EV Charging Cables Market Size, By Charging Level, By Value (USD Million), 2018-2028

Table 30: The Middle-East & Africa EV Charging Cables Market Size, By Shape, By Value (USD Million), 2018-2028

Table 31: The Middle-East & Africa EV Charging Cables Market Size, By Application, By Value (USD Million), 2018-2028

Table 32: Leoni AG Financial Analysis

Table 33: Leoni AG Business Overview

Table 34: Brugg Group Financial Analysis

Table 35: Brugg Group Business Overview

Table 36: TE Connectivity Ltd. Corporation Financial Analysis

Table 37: TE Connectivity Ltd. Corporation Business Overview

Table 38: Eland Cables Financial Analysis

Table 39: Eland Cables Business Overview

Table 40: Besen International Group Limited Financial Analysis

Table 41: Besen International Group Limited Business Overview

Table 42: Systems Wire and Cable LLC Financial Analysis

Table 43: Systems Wire and Cable LLC Business Overview

Table 44: Phoenix Contact Financial Analysis

Table 45: Phoenix Contact Business Overview

Table 46: EV Teison Financial Analysis

Table 47: EV Teison Business Overview

Table 48: Coroplast Group Financial Analysis

Table 49: Coroplast Group Business Overview

Table 50: Sinbon Electronics Co., Ltd. Financial Analysis

Table 51: Sinbon Electronics Co., Ltd. Business Overview

Table 52: Chengdu Khons Technology Co., Ltd.  Financial Analysis

Table 53: Chengdu Khons Technology Co., Ltd.  Financial Analysis

Table 54: Dyden Corporation Financial Analysis

Table 55: Dyden Corporation Financial Analysis

Table 56: General Cable Technologies Corporation Financial Analysis

Table 57: General Cable Technologies Corporation Financial Analysis

Table 58: Aptiv plc Financial Analysis

Table 59: Aptiv plc Financial Analysis

Table 60: AG Electrical Financial Analysis

Table 61: AG Electrical Financial Analysis

Table 62: OMG EV Cables Financial Analysis

Table 63: OMG EV Cables Financial Analysis

Table 64: Alishan Cable Industries Financial Analysis

Table 65: Alishan Cable Industries Financial Analysis

Table 66: 3Q Wire & Cable Financial Analysis

Table 67: 3Q Wire & Cable Financial Analysis

Table 68: MustartPower Financial Analysis

Table 69: MustartPower Financial Analysis

 

Market Segmentation

By Power Supply

  • AC Charging (<=22Kw)
  • DC Charging (>400Kw)

By Cable Length

  • 2-5 Meters
  • 6-10 Meters
  • >10 Meters

By Charging Level

  • Level 1 (120 V)
  • Level 2 (240 V)
  • Level 3 (300-600V)

By Shape

  • Straight
  • Coiled

By Application

  • Private Charging
  • Public Charging

By Region

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Latin America (LATAM)
  • Middle-East & Africa (MEA)
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Frequently Asked Questions (FAQs):

Ans: The global EV charging cables market reached USD 430.9 million in 2021.
Ans: Several factors have fueled the growth of the EV charging cable market, including the increasing adoption of electric vehicles and technological advancements.
Ans: The key players in the global EV charging cables market are: Leoni AG, Brugg Group, TE Connectivity Ltd., Eland Cables, Besen International Group Limited, Systems Wire, and Cable LLC, Phoenix Contact, EV Teison, Coroplast Group, Sinbon Electronics Co., Ltd., Chengdu Khons Technology Co., Ltd., Dyden Corporation, General Cable Technologies Corporation, Aptiv plc, AG Electrical, OMG EV Cables, Alishan Cable Industries, 3Q Wire & Cable, MustartPower, and other prominent players.
Ans: The private charging segment accounted for the largest share in the global EV charging cables market.
Ans: Asia-Pacific has the largest share in the global EV charging cables market.