Electric Vehicle Charging Cables Market to increase at CAGR of 25.4% By 2031

Electric Vehicle Charging Cables Market to increase at CAGR of 25.4% By 2031
Electric Vehicle Charging Cables Market Share, Trends | 2031
Electric Vehicle Charging Cables Market size is slated to reach upto 25.4% of CAGR by 2031, according to a new research report by We Market Research

Over the course of the forecast period, the electric vehicle charging cables market, which was valued at USD 323.76 million in 2022, is anticipated to increase at a CAGR of 25.4%.

Cables for charging electric cars (EVs) are a necessary part of the charging process. They act as the actual physical link that enables power to be transferred to replenish the EV’s battery from the power outlet or charging station.

Here’s an overview of electric vehicle charging cables:

Types of Connectors:

Type 1 (SAE J1772): Primarily used in North America and Japan, Type 1 connectors have five or seven pins and are typically found on older electric vehicle charging cables or plug-in hybrids.

Type 2 (IEC 62196 or Mennekes): Commonly used in Europe, Type 2 connectors have seven pins and are used in both AC and DC charging scenarios. They are also becoming more prevalent in other regions. CHAdeMO: CHAdeMO connectors are specifically used for DC fast charging and are common in Japanese and Korean electric vehicles.

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Combined Charging System (CCS): CCS connectors are widely adopted in Europe and North America. They combine the Type 2 connector for AC charging with additional DC charging pins. CCS is capable of both AC and DC charging.

Cable Length:

electric vehicle charging cables come in various lengths, typically ranging from 5 meters (16 feet) to 10 meters (32 feet). Longer cables provide flexibility for parking and reaching charging stations in various locations.

Charging Speeds:

Electric vehicle charging cables support different charging speeds depending on the capabilities of the vehicle and the charging infrastructure.

AC Charging: AC charging cables usually support charging speeds from 3 kW to 22 kW, with 7 kW being the most common. However, higher-power charging stations can support up to 43 kW or more.

DC Fast Charging: DC charging cables, especially those compatible with CCS or CHAdeMO connectors, can support much higher charging speeds, ranging from 50 kW to over 350 kW in the latest charging stations.

Cable Construction:

Electric vehicle charging cables are designed to be durable and able to withstand various weather conditions and frequent use.

They typically consist of an outer insulation layer made of thermoplastic or rubber material for protection.

Inside the cable, there are multiple conductors that carry the electric current and data signals required for communication between the vehicle and the charging station.

Safety Features: Electric vehicle charging cables incorporate safety features to ensure secure and reliable charging.


Here are some of the key effects of Electric Vehicle Cable Market :

Temporary Slowdown: Like many industries, the Electric vehicle charging cables market experienced a temporary slowdown during the initial phases of the pandemic. Production and distribution of EVs and related components, including charging cables, were disrupted due to factory closures, supply chain interruptions, and reduced consumer demand.

Recovery and Resilience: As economies began recovering and EV adoption continued to grow, the EV charging cables market showed resilience. Governments worldwide recognized the importance of clean transportation and implemented stimulus packages and incentives to promote EV adoption, which indirectly benefited the charging infrastructure, including charging cables.

Increased Emphasis on Clean Transportation: The pandemic has heightened global awareness of the need to reduce air pollution and mitigate climate change. As a result, there has been increased emphasis on transitioning to clean transportation, including EVs. This focus has positively influenced the EV charging cables market, as more charging stations and infrastructure are being deployed to support the growing EV fleet.

Rise in Home Charging: With lockdowns and restrictions in place, many people began working from home, resulting in a higher demand for home charging solutions. This trend led to an increased demand for residential charging cables, enabling EV owners to conveniently charge their vehicles at home.

Shift towards Contactless Charging: The pandemic accelerated the adoption of contactless and touchless technologies in various sectors. In the EV charging space, there has been a growing interest in wireless charging technologies, eliminating the need for physical charging cables. However, wireless charging is still in its early stages and has not significantly impacted the traditional charging cable market.

Supply Chain Challenges: The pandemic exposed vulnerabilities in global supply chains, impacting the availability of raw materials, components, and manufacturing capabilities. These challenges have affected the production and availability of EV charging cables, leading to potential delays or supply constraints.

EV Infrastructure Investments: Despite the pandemic, governments and private entities have continued to invest in EV infrastructure development, including charging stations. This investment has contributed to the demand for EV charging cables, as more charging points require adequate cable infrastructure to support Electric vehicle charging cables.

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Some of the key players operating in the market are:

• Leoni AG • Coroplast • Chengdu Khons Technology Co., Ltd. • Phoenix Contact • Aptiv • BESEN-Group • General Cable Technologies Corporation • Dyden Corporation • TE Connectivity


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