Increasing Demand for Electric Vehicles and Favourable Regulations Driving the EV Charging Cables Market
EV Charging cables are cables used for charging the electrical vehicles, it is installed with plugs on either ends which can differ with respect to vehicle variants and charger types. The increasing preference towards e-mobility to reduce air and noise pollution has led to the growth of EV charging cables market.
The favourable government strategies for the growth of electric vehicles like EU’s ‘Europe on the move’, which was a package that aimed at making Europe a leader in clean, competitive and connected mobility has led to an increase in demand for the EV charging cables market.
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EV Charging Cables Market: Market segmentation
The EV charging cables market can be segmented based on product type, voltage capacity, power supply and region.
By product type, the EV charging cables market can be segmented as:
- Mode 2 EV charging cables
- Mode 3 EV charging cables
By voltage capacity, the EV charging cables market can be segmented as:
By power supply, the EV charging cables market can be segmented as:
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Fast Charging Technology and Partnerships with EV Manufacturers to be the Key Strategy of Top EV Charging Cable Manufacturers
The EV charging cables market is a technologically evolving, highly competitive market with dominant players spread across North America, Europe and China. The technological improvements like fast charging cables, type-2 connecter plugs, etc have provided scope for improvement for the competitors in the EV charging cables market.
The competitors in the EV charging cables market are focusing on the capacity of the cables to provide fast charging ability along with durability. The global EV charging cables market players are entering into mergers or partnerships like Aptiv entering into a formation of autonomous driving joint venture with Hyundai, AMPLY power entering into a partnership with BYD to gain an edge over their competitors in the EV charging cables market.
The major EV charging cables market players include Leoni AG (Germany), TE Connectivity (Switzerland), BESEN Group (China), Aptiv (Ireland), Phoenix Contact (Germany), and Coroplast (Germany).
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The EV Charging Cables Market Report Covers Exhaustive Analysis On:
- Market Segments in the EV charging cables market
- EV charging cables market Dynamics
- EV charging cables market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved
- Technology in the EV charging cables market
- Value Chain of the EV charging cables market
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