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EV Charging Cables Market Analysis | 2025-2032
EV Charging Cables Market Size, Share, Trends, Dynamics, Forecast, & Growth Analysis: 2025-2032
The EV charging cables market was estimated at USD 1.5 billion in 2024 and is likely to grow at a CAGR of 16.8% during 2025-2032 to reach USD 5.2 billion in 2032.
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EV charging cables are an important aspect of electric vehicles. Different types of EV charging cables are used according to the power rating, vehicle specifications, and cabling requirements.
EVs are equipped with rechargeable battery packs that can be charged through an outlet or a charging station. Batteries of electric vehicles are only powered by electricity, reducing greenhouse gas emissions, air pollution, and vehicular noise. Increasing efforts by the government to reduce emissions are driving the demand for electric vehicles which is further fueling the growth of the EV charging cables market.
Rapid Electric Vehicle Adoption: The global surge in EV ownership is spurring demand for high-quality charging cables. As governments incentivize electric cars and manufacturers boost production, consumers need reliable home, public, and fast-charging options. EV charging cables are essential in connecting vehicles to the grid and delivering efficient power transfer. The transition from early-stage adoption to mass markets ensures sustained cable demand.
Expansion of Fast-Charging Infrastructure: As drivers demand quicker charging (especially on highways), deployment of high-power, liquid-cooled cables is increasing. Public charging networks, workplaces, and commercial hubs require cables supporting high-voltage and high-current ratings. Technological evolution has also led to more durable, lightweight designs with thermal management features to cope with fast-charge heat.
Government Policies and Environmental Regulations: Stringent emissions targets and green energy mandates are accelerating EV infrastructure build-outs. Subsidies, tax credits, and public funding for EV infrastructure projects directly boost demand for compliant charging cables. These measures reduce installation costs and encourage faster deployment. Additionally, regulations around durable safety standards push manufacturers to innovate in cable quality and performance.
The following are the key players in the EV charging cables market (arranged alphabetically):
Note: The above list does not necessarily include all the top players in the market.
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|
Segmentations |
List of Sub-Segments |
Segments with High Growth Opportunity |
|
Power Supply Type Analysis |
AC, DC |
The AC segment held a share of more than 65% in 2024. |
|
Cable Shape Type Analysis |
Straight, Coiled |
The straight cable held a share of more than 55% in 2024. |
|
Regional Analysis |
North America, Europe, Asia-Pacific, and Rest of the World |
Asia-Pacific held a share of more than 50% in 2024. |
"The AC segment held a share of 70% in 2024."
The market is segmented as AC and DC. The AC segment held a share of more than 65% in 2024. The DC segment is anticipated to exhibit the highest CAGR of nearly 26.5% during the forecast period. The AC power supply is majorly used in residential and semi-commercial charging stations with a charging speed of 22 kW depending on vehicle and infrastructure standards. Although compared to a DC power supply, an AC power supply requires a longer charging duration.
"Straight cable held a share of more than 55% in 2024."
The EV charging cables market is segmented as straight and coiled. The straight cable held a share of more than 60% in 2022. Most public charging stations adopt straight cables because of their ease of installation, reduced costs, and low maintenance over time. Straight EV charging cables are spread on the ground and do not suspend weight on either side of the sockets.
"Asia-Pacific held a share of more than 50% in 2024."
Asia Pacific held a share of more than 50% in 2024, with China, Japan, South Korea, and India being the major countries with lucrative growth opportunities. The growth of the market is mainly driven by the increasing adoption of electric vehicles in the region. Increased spending to support infrastructure for electric vehicles is expected to further drive the region’s market.
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This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s EV charging cables market realities and future market possibilities for the forecast period of 2025 to 2032. After a continuous interest in our EV charging cables market report from the industry stakeholders, we have tried to further accentuate our research scope to the EV charging cables market to provide the most crystal-clear picture of the market. The report segments and analyses the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
This report studies the market, covering a period of 12 years of trends and forecasts. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.
The EV charging cables market is segmented into the following categories:
By Power Supply Type
By Application Type
By Cable Length Type
By Cable Shape Type
By Charging Level Type
By Region
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Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].
EV charging cables are important aspects of electric vehicles. Different types of EV charging cables are used according to the power rating, vehicle specifications, and cabling requirements. EVs are equipped with rechargeable battery packs that can be charged through an outlet or a charging station. Batteries of electric vehicles are only powered through electricity, reducing greenhouse gas emissions, air pollution, and vehicular noise. Increasing efforts by the government to reduce emissions are driving the demand for electric vehicles, which is further fueling the growth of the EV charging cables market.
The EV charging cables market was estimated at USD 1.5 billion in 2024.
The forecasted value of the EV charging cables market is expected to be USD 5.2 billion in 2032.
The EV charging cables market is likely to grow at a CAGR of 16.8% during 2025-2032.
The major players operating in the market are Aptiv Plc, Besen International Group Ltd., Coroplast, Chengdu Khons Technology Co., Ltd., General Cable Technologies Corporation, Leoni AG, PHOENIX CONTACT GmbH & Co. KG, Sinbon Electronics, Systems Wire and Cable, TE Connectivity Ltd.
Asia Pacific is estimated to be the fastest-growing in the market.
Straight cable is the leading segment by cable shape type.
The major factors driving the growth of the market are the increasing development in the EV infrastructure in emerging economies, the mounting adoption of electric vehicles., & the growing requirement for fast charging cables.
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