2020-26 Global EV Charging Cable Market Grows at a CAGR of 31.5%

According to a report published by Research Dive, the global EV charging cable market is expected to grow
at a CAGR of 31.
5% from 2020 to 2026.

The report believes that the popularity of the electric vehicle market and the corresponding infrastructure growth have greatly promoted the rapid growth
of the electric vehicle charging cable market.
On the other hand, high operating costs and the need for fast charging are expected to bring certain constraints to the growth of this market
.

According to the shape, electric vehicle charging cables are mainly divided into straight type and coiled type
.
Coiled charging cables are expected to grow
at a rate of 33.
2% during the forecast period, due to the rapid growth of consumer preference for installing EV charging piles and characteristics such as ease of maintenance and instant shrinkage.

According to the length of the cable, the electric vehicle charging cable is mainly divided into 2-5 meters, 6-10 meters and more than
10 meters.
The 2-5 meter segment is expected to generate revenue of $510 million during the forecast period and grow
at a CAGR of 31.
7%.

Based on charging level, the market is mainly segmented into Level 1 (120V), Class 2 (240V), and Class 3 (300-600V).

During the forecast period, the market revenue of Level 1 charging was $55.
59 million in 2018 and is expected to exceed $456.
09 million
by the end of 2026.
Due to the growing demand for fast charging across the globe, the Tier 3 segment is also expected to drive the market growth
.

Based on sheath material, the global EV charging cable market is segmented into rubber sheath, thermoplastic elastomer sheath, and PVC sheath.

The size of the rubber sheath market is expected to generate revenue of $532.
1 million and grow at a CAGR of 31.
2%
during the forecast period.

Based on application, the global industry is segmented into private use and public charge-based use
.
The market revenue in the public charging segment is estimated to exceed $531.
5 million by the end of 2026, with a CAGR of 33.
3%
during the period.
This is mainly due to the increase
in the installation of EV charging stations in different areas such as highways, government offices, airports, etc.

Based on the regional market, the global charging cable market is segmented into North America, Europe, Asia Pacific, and LAMEA
.
Due to the increasing adoption of electric vehicles in the region, North America is expected to dominate the global market
.
The region will grow at a CAGR of 32.
1%
during the forecast period.