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At 38.5% CAGR,Global EV Charging Cable Market to Surpass US$ 3.2 Bn By 2028,Forecast Report By Facts and Factors

At 38.5% CAGR,Global EV Charging Cable Market to Surpass US$ 3.2 Bn By 2028,Forecast Report By Facts and Factors

EV Charging Cable Market

The global EV charging cable market was worth USD 0.45 Billion in 2021 and is projected to reach USD 3.2 Billion by 2028, growing at 38.5% CAGR. The paper examines EV charging cable market drivers, limitations, and difficulties and how they affect demand during the forecast period. The paper also examines EV charging cable market opportunities.

Market Overview

Electronic vehicle infrastructure uses EV charging wires. Electric car adoption for environmental reasons drives the global EV charging cable market. These wires convert AC electricity from the plug socket to DC power for the car. Liquid-cooling technology in these charging cables prevents overheating. Water-glycol combinations are the most popular coolants due to their low maintenance and environmental friendliness.

A controller monitors temperature and coolant flow. Technology has improved charging speeds and capacity. EV charging cables carry the most electricity to charge the vehicle quickly. Soon, DC and coiled charging cords will be popular.

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 Growth Drivers

Many nations are spending much in electric car research and development. France, the Netherlands, India, and Canada have launched several electric vehicle adoption programmes. Automakers receive government subsidies, quotas, refunds, and tax benefits. Consumers value electric car subsidies. These factors increased electric vehicle production and distribution worldwide.

โœŽ ๐—ฆ๐—ผ๐—บ๐—ฒ ๐—ผ๐—ณ ๐˜๐—ต๐—ฒ ๐—น๐—ฒ๐—ฎ๐—ฑ๐—ถ๐—ป๐—ด ๐—ฝ๐—น๐—ฎ๐˜†๐—ฒ๐—ฟ๐˜€ ๐—ถ๐—ป ๐˜๐—ต๐—ฒ ๐—ด๐—น๐—ผ๐—ฏ๐—ฎ๐—น ๐—บ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ถ๐—ป๐—ฐ๐—น๐˜‚๐—ฑ๐—ฒ ๐Ÿ“‹

CoroplastDYDEN CORPORATIONManlon Polymers,TE Connectivity,Eland CablesTesla.

The global EV charging cable market is segmented as follows:

By Usage Segment Analysis

  • Private
  • Public

By Dimension Segment Analysis

  • >10m
  • 6m-10m
  • <5m

By Charging Level Segment Analysis

  • Level-1
  • Level-2
  • Level-3

By Form Segment Analysis

  • Coiled
  • Straight

By Power Distribution Segment Analysis

  • Direct Charging
  • Alternate charging

For More Information Visit – https://www.fnfresearch.com/ev-charging-cable-market

Regional Insight by FnF Research

Europe is expected to account for a significant portion of the global EV charging cable market due to an increase in demand for electric vehicles throughout the area. The massive expansion of electric car component manufacturers throughout the area is also driving the EV charging cable market. The availability of various automakers as well as top-tier suppliers in Europe, such as Phoenix Contact, and Leoni AG who have necessary facilities that conduct research and development on the EV charging cable, is anticipated to accelerate the EV charging cable market across Europe.

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