EV Charging Cables Market Segmentation:
Shape Segment Analysis
Straight segment is expected to dominate over 60.2% EV charging cables market share by 2035, owing to its advanced features, such as being simpler and less costly. The fundamental layout of straight EV charging cables decreases manufacturing complexity, leading to cost savings passed on to customers.
Moreover, they provide more flexibility and are appropriate for a wide range of applications, including home and commercial power stations. In April 2023, the Energy Efficiency & Conservation Authority reported, that over 97% of EV users charge their vehicles at home, with about 80% charging only half across the globe.
Furthermore, a straight design reduces the likelihood of bends, which may damage the cable's integrity over the years. Aside from that, they are simpler to use and operate, particularly when connecting to and removing from the charging station. Therefore, the market is estimated to expand.
Power Supply Segment Analysis
By 2035, AC charging segment is projected to dominate over 75.6% EV charging cables market share. The segment’s notable growth rate can be attributed to the fact that most of the houses and businesses utilize AC power supplies, making them a good option for consumers.
Unlike DC charging, AC charging stations are cheaper to establish and operate as they do not require specialized equipment or broad changes to current electrical networks. In contrast to DC chargers, AC chargers are evaluated to be over 74 times cheaper.
Besides, it can be smoothly incorporated into current electrical grids without the need for advanced or expensive modifications. Furthermore, AC charging enables excellent battery control and management, resulting in effective energy utilization.
Our in-depth analysis of the global EV charging cables market includes the following segments:
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Shape |
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Power Supply |
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Charging Level |
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Application |
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Length |
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Mode |
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Diameter |
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