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This “According to power source (AC and DC), application (private charging and public charging), length (2-5 meters, 6-10 meters and> 10 meters), shape (straight and coiled), mode, charge level and region- Global forecast to 2027” Report has been added to ResearchAndMarkets.com provide.
The global EV charging cable market is expected to grow at a compound annual growth rate of 39.5%, reaching US$3.173 billion by 2027, compared with an estimated value of US$431 million in 2021.
The EV charging cable must carry the best power to charge the vehicle in the shortest time. Compared with ordinary charging cables, high-power charging (HPC) cables can help electric vehicles cover longer distances and shorten the charging time. Therefore, leading EV charging cable manufacturers have introduced high-power charging cables that can carry up to 500 amperes of current. These charging cables and connectors are equipped with a liquid cooling system to dissipate heat and prevent the cables and connectors from overheating. In addition, a dedicated controller is used to monitor the temperature and adjust the flow of coolant.Water-glycol mixture is widely used as a coolant because it is environmentally friendly and easy to maintain
With the popularization of electric vehicles, the demand for DC fast charging cables is expected to grow in the future. Therefore, major market players have introduced EV charging cables that take less time to charge vehicles. New innovative trends such as EV charging cables with visual monitoring functions enhance safety during the charging process. In April 2019, Leoni AG demonstrated a special high-power charging cable for water-cooled charging systems, which ensures that the temperature in the cable and connector does not exceed the specified level. The optional status indicator lighting function displays the charging status and status by changing the color of the cable sheath.
During the forecast period, the model 1 and 2 market segments are expected to be the largest markets.
The model 1 and 2 market segments are expected to lead the market during the forecast period. Most original equipment manufacturers are providing charging cables for their electric vehicles, and the cost of charging cables for Mode 1 and Mode 2 is much lower than Mode 2 and Mode 3. During the forecast period, the model 4 market segment is expected to grow at the highest compound annual growth rate. As the global demand for DC fast chargers continues to grow.
Straight cables are expected to dominate the EV charging cable market.
When multiple charging stations are located within a short distance, a straight cable is usually used. Since most charging stations are equipped with Type 1 (J1772) connectors, straight cables are usually used for electric vehicle charging. Compared with coiled cables, these cables are easier to handle and lower manufacturing costs. In addition, these cables are scattered on the ground, so no heavy objects are suspended on both sides of the socket.
During the forecast period,> 10m will be the fastest growing market.
The increase in sales of electric vehicles and the limited number of charging stations will drive the demand for charging cables that can simultaneously charge multiple vehicles at a single charging station. The application range of charging cables longer than 10 meters is limited. If the distance between the charging station and the vehicle is long, install these cables. They can be used in dedicated parking lots and directly in V2G. Long cables help reduce installation costs and allow the station to be installed closer to the service panel.Due to the rapid growth in the number of electric vehicles, the Asia-Pacific region is expected to become the largest and fastest-growing market for EV charging cables over 10 meters in length
Market dynamics
Rider
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Increasing adoption of electric vehicles
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Reduce charging time
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Gas price rise
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High charging efficiency
Restraint
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The development of wireless electric vehicle charging
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The high cost of DC charging cables
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High initial investment in electric vehicle fast charging infrastructure
Business
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Technological progress of EV charging cables
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Government initiatives related to electric vehicle charging infrastructure
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Develop family and community charging system
challenge
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Safety issues of various charging cables
Companies mentioned
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Allwyn cable
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Aptiv plc.
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Besson International Group
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Brugg Group
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Chengdu Khon Kaen Technology Co., Ltd.
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Coronal body
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Daden Company
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Yilan Cable
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Elkem ASA
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EV Cable Co., Ltd.
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Electric car Teison
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General Cable Technology (Prysmian Group)
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Huatai Wire and Cable Co., Ltd.
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Leoni Ag
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Manron polymer
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Phoenix Liaison Office
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Shanghai Meida Electric Vehicle Co., Ltd.
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SINBON Electronics
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System wires and cables
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TE Connectivity
For more information about this report, please visit https://www.researchandmarkets.com/r/qihnwn
View the source code version on businesswire.com: https://www.businesswire.com/news/home/20210521005196/zh/
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