EV Charging Cable market is anticipated to grow at a considerable CAGR of 19.8% during the forecast period. The adoption of EVs is increasing rapidly around the world, as more and more people are switching to EVs to reduce their carbon footprint and save money on fuel costs. This is driving the demand for EV charging cables” which means that the growing popularity of electric vehicles (EVs) is creating a greater need for EV charging cables. There are several reasons why people are switching to EVs. Some people are motivated by environmental concerns, as EVs produce zero tailpipe emissions. Others are motivated by the financial benefits of owning an EV, as EVs are cheaper to operate and maintain than gasoline-powered vehicles. As more and more people switch to EVs, there is a growing need for EV charging cables. EV charging cables are used to connect EVs to charging stations so that the batteries can be recharged. In the United States, EV sales increased by a significant pace in 2022 compared to 2021. This growth is being driven by several factors, including the rising price of gasoline, the increasing availability of EV models, and the government incentives that are available for EV purchases. The increasing demand for EV charging cables is being met by several companies, including Tesla, ABB, Schneider Electric, and Siemens. These companies are developing new and innovative EV charging cable technologies to meet the needs of EV owners and businesses.
More number in the installation of public charging stations is also deriving the market. While most of the charging demand is currently met by home charging, publicly accessible chargers are increasingly needed to provide the same level of convenience and accessibility as for refueling conventional vehicles. In dense urban areas, in particular, where access to home charging is more limited, public charging infrastructure is a key enabler for EV adoption. Publicly accessible fast chargers, especially those located along motorways, enable longer journeys and can address range anxiety, a barrier to EV adoption. Like slow chargers, public fast chargers also provide charging solutions to consumers who do not have reliable access to private charging, thereby encouraging EV adoption across wider swaths of the population.
To Request a Sample of our Report on EV Charging Cable Market: https://www.omrglobal.com/request-sample/ev-charging-cable-market
Market Coverage
- The market number available for – 2022-2030
- Base year- 2022
- Forecast period- 2023-2030
EV Charging Cable Market Segmentation
By Cable Length
- 2-5 meters
- 6-10 meters
- Above 10 meters
By Shape
- Straight Cable
- Coiled Cable
By Power Type
- AC Charging
- DC Charging
By Charging Level
- Level 1
- Level 2
- Level 3
By Application
- Private Charging
- Public Charging
A full Report of EV Charging Cable Market is Available @ https://www.omrglobal.com/industry-reports/ev-charging-cable-market
Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Amphenol Corp.
- ChargePoint
- Eaton Corp., plc
- EVBox grp.
- HARTING, Inc.
- Hirschmann Automotive GmbH.
- JST Corp.
- Koch Industries, Inc.(Molex)
- MENNEKES Elektrotechnik GmbH & Co. KG
- Phoenix Contact
- TE Connectivity Ltd.
- Tritium Grp.
- Weidmüller Interface GmbH & Co. KG
- WIELAND ELECTRIC GMBH
- Yazaki group co.
Reasons to buy from us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/ev-charging-cable-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
