Frequently Asked Questions
The global EV charging cable Market was valued at USD 0.59 Billion in 2022.
The EV charging cable Market is expected to grow at a CAGR of 28.50% between 2023 and 2030, reaching USD 3.413295635 Billion in 2030.
2 meter to 5 meter is the leading segment by cable length, holding over two-thirds share in terms of value in 2022.
Level 2 segment governs the demand for EV charging cable in the world, holding a massive share of nearly three-fifths in 2022.
6 meter to 10-meter segment is expected to post the highest CAGR during the forecast period.
North America is fuelling the growth of the EV charging cable industry, with over 42% share in 2022.
The top players include AG Electrical Technology Co, Chengdu Khons Technology Co., Ltd., Guangdong OMG Transmitting Technology Co., Ltd., Phoenix Contact, Leoni AG, Sinbon Electronics, Manlon Polymers, Prysmian S.p.A., Besen International Group, EV Cables UK.
Increasing adoption of electric vehicles and technological advancement in EV industry are the major market drivers.
limited availability of charging infrastructure & Compatibility and interoperability challenges due to varying charging standards and connectors create complexities for consumers are the major market restraints.
rapid expansion of charging infrastructure & demand for faster charging speeds are the major market opportunity.