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Pulished Date October, 2021
ID: 12303
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EV Charging Cables Market Segmentation by Application (Public and Private Charging); By Length (Below 5m, 6m to 10m and 10m & above); By Charging Levels (Levels 1, 2 and 3); By Shape (Straight and Coiled Cables); By Power Supply (AC & DC) - Demand Analysis & Opportunity Outlook 2026

Pulished: October, 2021
ID: 12303
Pages: 175

EV Charging Cables Market Size, Trends & Growth (2021 - 2026)

The global EV charging cables market is expected to increase from an anticipated USD 431 million in 2021 at a CAGR of 39.5 percent to USD 3,173 million by 2026.

Over the forecast period, the market is expected to increase due to the rising adoption of electric cars (EV), the rising need for fast-charging cables, and the rapid development of electric vehicle supply equipment.

In the last decade, the worldwide electric car market has advanced dramatically. Governments are supporting the increased use of electric vehicles in response to growing concerns about global emission levels. Chargeable battery packs are installed in EVs to provide energy for driving, and these batteries can be charged primarily at public or private charging stations. Battery electric vehicles (BEVs) are charged entirely by electricity, reducing noise, pollution, and greenhouse gas emissions. Charging cords are used to recharge these battery packs. As a result, charging cables are critical in electric vehicles.

Recent Developments

Brisbane-based Tritium, a company that develops DC fast-chargers for electric vehicles and has sold over 5,000 units worldwide, has announced a record quarter and the highest backlog it has ever had, possibly indicating the shift to electric vehicles has reached a tipping point in October 2021. Tritium, sponsored by the St. Baker Energy Innovation Fund, offers a variety of DC fast chargers and has several innovative devices in the works, including a 25kW bidirectional (two-way) wall charger that might be used for V2G and V2H applications.

Leoni AG will sell the Business Group Leoni Industrial Solutions to BizLink, a worldwide provider of cable and communication solutions. In 2020, the activities to be sold generated sales of nearly EUR 430 million, with an enterprise value of around EUR 450 million. After deducting financial liabilities and pension charges, the estimated cash inflow of around EUR 300 million will be utilized to boost liquidity. As a result, the sale would significantly improve Leoni's financial condition.

Gravity, an EV charging infrastructure startup founded in February 2021, opened New York's first indoor charging center, which offers to park and charging facilities.

EV Charging Cables Market Drivers

The demand for charging infrastructure and EV charging connections has increased as electric vehicles' adoption, and use has grown. On the other hand, emerging economies like China, the United States, and Germany invest more in electric vehicles and EV charging infrastructure. In addition, they are also investing in research and development for quicker and more efficient charging techniques. As a result, automakers are projected to make significant expenditures to meet the growing demand for electric vehicles and play a crucial role in the evolution of the electric car charging cable firm. Significant firms include Tesla, Volkswagen, Mahindra & Mahindra, Ford, Nissan, BMW, and GM, and all have ample R&D resources for electric vehicle development. 

Automobile manufacturers receive fixed quotas, subsidies, refunds, and tax breaks from the Netherlands, France, India, and Canada governments. Even government subsidies for electric vehicle purchases have resulted in a boom in global EV sales. Furthermore, the market for EV charging cables is predicted to expand during the forecast period. The growing inventory of EVs necessitates the establishment of power grids and charging terminals to maintain smooth operations.

Manufacturers of EV charging cables are dedicated to developing sophisticated technology cables in response to the growing demand for high-speed charging stations. The majority of DC charging stations operate between 400 and 480 volts and can charge up to 50kW. Several new EV charging cable solutions have been released by leading EV charging cable manufacturers to make the charging procedure easier. Further innovations in electric vehicle charging cables are projected to help the industry flourish.


Thanks to wireless charging technology, the electric vehicle can be wirelessly charged from the highways, either stationary or in motion. The rising demand for vehicle safety, rising market for premium sector automobiles, the development of semi-autonomous and autonomous vehicles, and increased acceptance of electric cars are all projected to promote wireless charging of electric vehicles. In addition, wireless technology will be used in a variety of applications by many businesses and researchers. Therefore, it is predicted that the technology will swiftly infiltrate the market in the future.

A fast-charging cable costs roughly $126 on average, which is more expensive than a slow-charging cable. In addition, consumers will be compelled to stay updated with the latest EV technology, resulting in significant losses on the initial charging system installation. As a result, EV charging cable demand may be hampered as a result of such circumstances.

EV Charging Cables Market Segmentation

By Application: 

  • Public 
  • Private Charging

The market is augmented into Public and Private Charging.

Attributed to the increasing number of private EVs, the private charging segment is expected to dominate the market over the projection period. On the other hand, the growing number of commercial charging terminals worldwide is predicted to fuel exponential growth in the public charging segment over the forecast period.

By Length: 

  • 5 m
  • 6m to 10m
  • 10m & above

The market is segmented into below 5 m, 6m to 10m, and 10m & above. 

The below 5m sector accounts for most of the global market because of its widespread use in private charging terminals. However, due to the growing number of public charging stations, the 6 m to 10 m category is also predicted to develop exponentially in the market over the projection period.

By Charging Level: 

  • Levels 1
  • Level 2
  • Level 3

The market is segmented into Levels 1, 2, and 3.

With current usage in private charging terminals, the level 1 category has the highest proportion of the global market. However, due to the rapid development of fast-charging infrastructure, the level 2 category will likely dominate the market over the projection period. Furthermore, with its supercharging capability, the level 3 segment is also expected to rise rapidly.

By Shape: 

  • Straight
  • Coiled Cables

The market is divided into Straight and Coiled Cables.

Considering straight cable is widely used in both private and public charging, it is projected to be the most popular over the study period. Meanwhile, the coiled cable category is expected to increase faster because of its flexibility and quick charging.

By Power Supply: 

  • AC
  • DC

The market is segmented into AC & DC.

In terms of market share, the Alternative Charging (AC) segment has a larger market share due to the dominance of private charging points. The Direct Charging (DC) segment, on the other hand, is expected to have the fastest CAGR due to the rapid development of public fast-charging stations.

Regional Analysis

In 2020, Asia Pacific dominated the market, holding for 58.9% of total revenue. Emerging economies include China, South Korea, and Japan, are the key drivers of growth in this region. The governments of China and India have identified the global electric vehicle supply equipment market's growth potential. They have taken many steps to entice major OEMs to construct electric car charging infrastructure in their respective countries. The need for EV charging cables in the region is projected to be driven by increasing demand for EV charging stations. China holds the largest market for electric vehicle charging cables globally.

From 2021 to 2026, North America is expected to have the most significant CAGR of 29.6%, followed by Europe. This is owing to most manufacturers' increased focus on building high-performance, greener, and faster electric vehicles. Furthermore, the regional market is predicted to be boosted by the increasing electric vehicle charging infrastructure installation. Moreover, the presence of crucial EV supply equipment manufacturers also raises the market growth in the region. Additionally, Europe's EV charging cable market is estimated to thrive thanks to Government subsidies provided across the EU on EVs and their components.

Leading Companies

TE Connectivity (Switzerland), Aptiv (Ireland), Phoenix Contact (Germany), Coroplast (Germany), BESEN Group (China), and Leoni AG (Germany) are the market leaders in the world.

Key Players

Impact of COVID-19

The COVID-19 outbreak was wreaking havoc in South Korea and China, adding an unusual dimension for automakers. It is due to the electric vehicle batteries are primaily acquired from Chinese and South Korean providers include LG Chem, CATL, and Samsung HDI, supply may be limited, and procuring them from alternate sources is difficult. This has become a significant worry for European manufacturers as they strive to meet their national emissions objectives. Moreover, in a long-term scenario, fewer government subsidies, declining oil prices, and the economic impact of the pandemic will limit EV demand, affecting EV charging cable demand as wel

1. Introduction                            

          1.1 Market Definition                  

          1.2 Scope of the report               

          1.3 Study Assumptions               

          1.4 Base Currency, Base Year and Forecast Periods              

2. Research Methodology                      

          2.1 Analysis Design          

          2.2 Research Phases                   

                    2.2.1 Secondary Research 

                    2.2.2 Primary Research     

                    2.2.3 Data Modelling        

                    2.2.4 Expert Validation     

          2.3 Study Timeline            

3. Report Overview                     

          3.1 Executive Summary               

          3.2 Key Inferencees          

4. Market Dynamics                    

          4.1 Impact Analysis           

                    4.1.1 Drivers

                    4.1.2 Restaints       

                    4.1.3 Opportunities 

          4.2 Regulatory Environment                  

          4.3 Technology Timeline & Recent Trends                  

5. Competitor Benchmarking Analysis                        

          5.1 Key Player Benchmarking                 

                    5.1.1 Market share analysis         

                    5.1.2 Products/Service      

                    5.1.3 Regional Presence    

          5.2 Mergers & Acquistion Landscape               

          5.3 Joint Ventures & Collaborations                 

6. Market Segmentation                        

          6.1 EV Charging Cables Market, By Application           

                    6.1.1 Public  

                    6.1.2 Private Charging      

                    6.1.3 Market Size Estimations & Forecasts (2021-2026)        

                    6.1.4 Y-o-Y Growth Rate Analysis         

                    6.1.5 Market Attractiveness Index         

          6.2 EV Charging Cables Market, By Length                 

                    6.2.1 Below 5m      

                    6.2.2 6m to 10m    

                    6.2.3 10m & above 

                    6.2.4 Market Size Estimations & Forecasts (2021-2026)        

                    6.2.5 Y-o-Y Growth Rate Analysis         

                    6.2.6 Market Attractiveness Index         

          6.3 EV Charging Cables Market, By Charging Levels             

                    6.3.1 Levels 1        

                    6.3.2 Levels 2        

                    6.3.3 Levels 3        

                    6.3.4 Market Size Estimations & Forecasts (2021-2026)        

                    6.3.5 Y-o-Y Growth Rate Analysis         

                    6.3.6 Market Attractiveness Index         

          6.4 EV Charging Cables Market, By Shape                  

                    6.4.1 Straight         

                    6.4.2 Coiled Cables

                    6.4.3 Market Size Estimations & Forecasts (2021-2026)        

                    6.4.4 Y-o-Y Growth Rate Analysis         

                    6.4.5 Market Attractiveness Index         

          6.5 EV Charging Cables Market, By Power Supply                 

                    6.5.1 AC      

                    6.5.2 DC      

                    6.5.3 Market Size Estimations & Forecasts (2021-2026)        

                    6.5.4 Y-o-Y Growth Rate Analysis         

                    6.5.5 Market Attractiveness Index         

7. Geographical Landscape                    

          7.1 Global EV Charging Cables Market, by Region                

          7.2 North America - Market Analysis (2021 - 2026)             

                    7.2.1 By Country     



                    7.2.2 By Application

                    7.2.3 By Length      

                    7.2.4 By Charging Levels   

                    7.2.5 By Shape       

                    7.2.6 By Power Supply      

          7.3 Europe             

                    7.3.1 By Country     






                     Rest of Europe

                    7.3.2 By Application

                    7.3.3 By Length      

                    7.3.4 By Charging Levels   

                    7.3.5 By Shape       

                    7.3.6 By Power Supply      

          7.4 Asia Pacific                 

                    7.4.1 By Country     




                     South Korea

                     South East Asia

                     Australia & NZ

                     Rest of Asia-Pacific

                    7.4.2 By Application

                    7.4.3 By Length      

                    7.4.4 By Charging Levels   

                    7.4.5 By Shape       

                    7.4.6 By Power Supply      

          7.5 Latin America             

                    7.5.1 By Country     




                     Rest of Latin America

                    7.5.2 By Application

                    7.5.3 By Length      

                    7.5.4 By Charging Levels   

                    7.5.5 By Shape       

                    7.5.6 By Power Supply      

          7.6 Middle East and Africa          

                    7.6.1 By Country     

                     Middle East


                    7.6.2 By Application

                    7.6.3 By Length      

                    7.6.4 By Charging Levels   

                    7.6.5 By Shape       

                    7.6.6 By Power Supply      

8. Key Player Analysis                           

          8.1 Chengdu Khons Tech Co Ltd           

                    8.1.1 Business Description

                    8.1.2 Products/Service      

                    8.1.3 Financials      

                    8.1.4 SWOT Analysis         

                    8.1.5 Recent Developments         

                    8.1.6 Analyst Overview      

          8.2 General Cable Tech Corp                 

          8.3 Dyden Corp                

          8.4 Chargepoint                

          8.5 Shell                

          8.6 BP          

          8.7 ABB                  

          8.8 Hyundai            

          8.9 RWE                 

          8.10 Siemens                   

          8.11 EVBOX            

          8.12 Blink              

          8.13 Tesla              

9. Market Outlook & Investment Opportunities                     


          List of Tables          

          List of Figures                  

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of by type, by application, by end-user, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global EV Charging Cables Market By Region, From 2021-2026 ( USD Billion )
  2. Global EV Charging Cables Market By Application, From 2021-2026 ( USD Billion )
  3. Global Public Market By Region, From 2021-2026 ( USD Billion )
  4. Global Private Charging Market By Region, From 2021-2026 ( USD Billion )
  5. Global EV Charging Cables Market By Length, From 2021-2026 ( USD Billion )
  6. Global Below 5m Market By Region, From 2021-2026 ( USD Billion )
  7. Global 6m to 10m  Market By Region, From 2021-2026 ( USD Billion )
  8. Global 10m & above Market By Region, From 2021-2026 ( USD Billion )
  9. Global EV Charging Cables Market By Charging Levels , From 2021-2026 ( USD Billion )
  10. Global Levels 1 Market By Region, From 2021-2026 ( USD Billion )
  11. Global Levels 2 Market By Region, From 2021-2026 ( USD Billion )
  12. Global Levels 3 Market By Region, From 2021-2026 ( USD Billion )
  13. Global EV Charging Cables Market By Shape, From 2021-2026 ( USD Billion )
  14. Global Straight Market By Region, From 2021-2026 ( USD Billion )
  15. Global Coiled Cables Market By Region, From 2021-2026 ( USD Billion )
  16. Global EV Charging Cables Market By Power Supply , From 2021-2026 ( USD Billion )
  17. Global AC Market By Region, From 2021-2026 ( USD Billion )
  18. Global DC Market By Region, From 2021-2026 ( USD Billion )

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