Dublin, Jan. 28, 2025 (GLOBE NEWSWIRE) -- The "EV Charging Cables - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.
The global market for EV Charging Cables was valued at US$1.6 Billion in 2024 and is projected to reach US$4.3 Billion by 2030, growing at a CAGR of 17.3% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth of the EV Charging Cables market is driven by a combination of rising EV adoption, technological advancements, and the expansion of charging infrastructure. The global shift toward electric mobility is creating an urgent need for robust and reliable charging solutions, with cables playing a central role in this infrastructure. As EVs become more mainstream, the demand for charging cables that meet the needs of a diverse range of vehicles and charging setups is increasing.
Technological innovations, such as ultra-fast charging, smart cables, and lightweight materials, are further fueling the market. These advancements are enhancing the performance, safety, and convenience of EV charging cables, making them more attractive to consumers and businesses alike. The integration of smart features, in particular, is transforming cables from simple connectors to intelligent devices that contribute to a more efficient and user-friendly charging experience.
Finally, supportive government policies and investments in EV infrastructure are creating a favorable environment for market growth. Incentives for EV purchases, subsidies for charging station installations, and initiatives to build comprehensive charging networks are driving the demand for EV charging cables. As these trends continue, the EV Charging Cables market is expected to expand significantly, playing a vital role in the transition to sustainable transportation.
Scope of the Study
The report analyzes the EV Charging Cables market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.
Segments
Power Supply (Alternate Current Supply, Direct Current Supply); Mode (Mode 1 & 2, Mode 3, Mode 4); Charging Level (Level 1 Charging, Level 2 Charging, Level 3 Charging); Application (Private Charging Application, Public Charging Application).
Geographic Regions/Countries
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Alternate Current Supply EV Charging Cables segment, which is expected to reach US$3.2 Billion by 2030 with a CAGR of a 15.4%. The Direct Current Supply EV Charging Cables segment is also set to grow at 24.2% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $430.6 Million in 2024, and China, forecasted to grow at an impressive 16.4% CAGR to reach $659.6 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as AG Electrical Technology Co., Ltd., Allwyn Cables (Nirdhara Industries), BRUGG eConnect AG, Coroplast Fritz Muller GmbH & Co. KG (Coroflex), Dongguan Yongsheng Cables Technology Co., Ltd and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Questions Answered:
- How is the Global EV Charging Cables Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Some of the 36 companies featured in this EV Charging Cables market report include:
- AG Electrical Technology Co. Ltd.
- Allwyn Cables (Nirdhara Industries)
- BRUGG eConnect AG
- Coroplast Fritz Muller GmbH & Co. KG (Coroflex)
- Dongguan Yongsheng Cables Technology Co. Ltd.
- Dyden
- ePower
- EV Charge +
- EV Connectors Ltd.
- EV OneStop
Key Attributes
| Report Attribute | Details |
| No. of Pages | 196 |
| Forecast Period | 2024-2030 |
| Estimated Market Value (USD) in 2024 | $1.6 Billion |
| Forecasted Market Value (USD) by 2030 | $4.3 Billion |
| Compound Annual Growth Rate | 17.3% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Economic Frontiers: Trends, Trials & Transformations
- EV Charging Cables - Global Key Competitors Percentage Market Share in 2024
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024
MARKET TRENDS & DRIVERS
- Rising EV Adoption Drives Demand for Durable and Efficient Charging Cables
- Advancements in High-Voltage Cables Propel Growth in Fast-Charging Infrastructure
- Focus on Lightweight Materials Bodes Well for Improved Cable Portability
- AI-Driven Cable Diagnostics Strengthens Business Case for Long-Lasting Cables
- Growing Popularity of Home Charging Solutions Highlights Opportunities in Custom Cables
- Emerging Demand for Liquid-Cooled Charging Cables Expands Market Potential
- Focus on Heat-Resistant Cable Technologies Spurs Innovation in Safety
- Integration of Smart Features in Charging Cables Drives Adoption in Connected EV Ecosystems
- Demand for Multi-Standard Cables Highlights Opportunities for Universal Compatibility
- Rising Use of Flexible Cable Designs Sets the Stage for Space-Efficient Charging Solutions
- AI in Supply Chain Optimization Enhances Cable Availability Across Regions
- Growing Investments in Public Charging Networks Propel Demand for Durable Cables
For more information about this report visit https://www.researchandmarkets.com/r/vfe9r8
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