At 25.4% CAGR, Electric Vehicle Charging Cables Market Size Set to Register 1267 million USD by 2027

Market Study Report adds new research on Electric Vehicle Charging Cables market, which is a detailed analysis of this business space inclusive of the trends, competitive landscape, and the market size. Encompassing one or more parameters among product analysis, application potential, and the regional growth landscape, Electric Vehicle Charging Cables market also includes an in-depth study of the industrys competitive scenario.

Global Electric Vehicle Charging Cables Market to reach USD 1267 million by 2027. Global Electric Vehicle Charging Cables Market is valued approximately at USD 260 million in 2020 and is anticipated to grow with a healthy growth rate of more than 25.4% over the forecast period 2021-2027.

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Major market player included in this report are:

  • Leoni AG
  • Besen-Group
  • Dyden Corporation
  • TE Connectivity
  • Brugg Group
  • Chengdu Khons Technology Co., Ltd.
  • General Cable Technologies Corporation
  • Sinbon Electronics
  • Phoenix Contact
  • Aptiv plc

Electric vehicle charging cables are used in all conductive charging systems- be it at home, on the road or in the garage for quick charging of vehicles. Government initiatives for encouraging people to buy electric vehicles and rising demand for fast charging cables are driving the growth of the market positively.

For instance, according to India Brand Equity Foundation (IBEF) report of 2019, government of India in the union budget announced income tax rebates of up to Rs 1.5 lakh (US$ 0.002085 million) to customers on interest paid on loans to buy electric vehicles, with a total exemption benefit of Rs 2.5 lakh (US$ 0.003475 million) over the entire loan period. Furthermore, technological advancements in electric vehicle charging cables are expected to grow the market in coming years. However, development of wireless electric vehicle charging is anticipated to restraint the growth during forecast period.

Asia Pacific, North America, Europe, Latin America, and Rest of the World are considered for the regional analysis of the global Electric Vehicle Charging Cables Market. Asia Pacific is the dominating region across the world in terms of market share due to countries such as China, Japan and South Korea which are largest manufacturer and user of electric vehicle in the world. Whereas North America is anticipated to exhibit the highest growth rate over the forecast period 2021-2027 due to rising number of customers for electric vehicles.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study.

Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Power Supply:

Alternate Charging (AC)

Direct Charging (DC)

By Length:

Below 5 meters

6 meters to 10 meters

Above 10 meters

By Charging Level:

Level 1

Level 2

Level 3

Full Report Summary At: https://www.marketstudyreport.com/reports/global-electric-vehicle-charging-cables-market-size-research?utm_source=marketwatch.com&utm_medium=AG

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