EV Charging Cables Market Size, Demand, Industry Analysis and Forecast Report to 2027


Posted October 9, 2020 by pankajrathi

Increase in government initiatives to reduce emission of greenhouse gases will support the adoption of electric vehicles and develop and install of EV charging stations which is expected to drive the global EV charging cables market growth.
 
EV charging cables are used for electric vehicles which supports different charging modes in various regions. EV charging cables make it possible for drivers to charge their electric vehicles within few minutes and travel significantly longer distances. Theses cables have smaller diameter to make them easy to handle.

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For a better understanding of the EV charging cables market, a better grip over the macroeconomic and microeconomic factors are needed as they are impacting the market towards progress. Those factors can ensure a swift helming of the market by rough patches of economic crisis and help in averting plummeting results. With real-time data, the report captures the essence of the market and provides a close reading of demographic changes. Report would assist key players in assessing growth opportunities and optimally use resources provided by growth pockets.

Market Drivers
Increase in government initiatives to reduce emission of greenhouse gases will support the adoption of electric vehicles and develop and install of EV charging stations which is expected to drive the global EV charging cables market growth. For instance, in Aug. 2018 Japanese government prepared a policy for electric vehicles for better co-operation and smooth transition in the automotive industry. All such factors will fuel the market growth during this forecast period. Furthermore, continuous advancements in EV charging technologies such as robotic changing, improving socio-economic conditions are expected to propel the market growth.

Market Restraints
However, availability of wireless EV charging is the major restraining factor which is expected to obstruct the global EV charging cables market growth. Also, high cost of DC charging cables will restraint the market growth.

Market Key Players
Various key players are discussed in this report such as Leoni AG, Aptiv Plc., BESEN International Group, Dyden Corporation, TE Connectivity, Brugg Group, Sinbon Electronics, Coroplast, Phoenix Contact, and EV Teison

Market Taxonomy
By Power Supply
• Alternate Charging
• Direct Charging
By Length
• Below 5 meters
• 6 meter to 10 meter
• Above 10 meters
By Charging Level
• Level 1
• Level 2
• Level 3
By Shape
• Straight
• Coiled
By Application
• Private Charging
• Public Charging
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

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Issued By qualiket research
Country India
Categories Business , Marketing , Research
Tags ev charging cables market
Last Updated October 9, 2020