翻译


+86-371-67829333

消息

Global Electric Vehicle Charging Cables to Grow at a Compound Annual Rate of 29.8% Over The Next Five Years

According to international market research firm Markets and Markets, the global electric vehicle charging cables market demand will reach US$2.453 billion by 2027, growing at a CAGR of 29.8% during this period.

Factors such as increasing sales of electric vehicles, the rapid development of electric vehicle charging infrastructure, government policies and subsidies, and rising fossil fuel prices will drive the growth of this market. In terms of market segmentation, private charging will hold a larger share during the forecast period.

With increasing sales of electric vehicles, most vehicle owners prefer private (home) charging as it is both convenient and inexpensive. Private charging stations are installed in home garages or outdoor locations.

The private charging segment will therefore continue to grow at a significant rate over the forecast period, as the number of electric vehicle users in these countries is expected to continue to grow rapidly. Most electric vehicle users have the option of installing a home charger when they purchase an electric vehicle. As a result, demand for this type of charging cable is expected to increase as the number of electric vehicles increases.


In terms of charging cable types, there are mainly straight cables and coiled cables. Coiled cables are the most suitable for these private charging stations as they require less space and are easy to handle. These cables reduce the complexity and cost of private charging stations. Outdoor installations require outdoor-rated charging equipment. Home charging stations, 另一方面, require a dedicated circuit.

然而, when multiple stations are located within a short distance, straight cables are often used. 这些电缆 are cheaper than coiled cables but less durable. As most charging stations are equipped with Type 1 (J1772) connectors, straight cables are often used for charging electric vehicles.

Charging cables must have a small diameter to facilitate handling, but this can also expose them to excessive heat. These cables are therefore equipped with a liquid cooling system.

Asia Pacific is expected to be the largest market for straight cables during the forecast period. Most countries in the region are cost-sensitive markets. According to industry experts, straight cables can be up to 30% cheaper than coiled cables. The refore, in terms of cost, straight cables are better than coiled cables.

As a whole, Asia Pacific is expected to be the largest market for electric vehicle charging cables. The Asia Pacific region is home to some of the world’s fastest-growing economies, such as China and India, which are emphasising the rapid adoption of electric vehicles.

此外, governments in these emerging economies have recognized the growth potential of the global EV market and have therefore taken various initiatives to attract major OEMs to manufacture EV charging infrastructure in their domestic markets. Subsequently, the region is expected to remain the largest market for EV charging cables over the forecast period, given the high sales volumes and EV infrastructure spending.

ZMS Cable F

Recent Posts

What Industry Cables Are Used in a Rocket Launch from Start to Finish?

The successful launch of a rocket involves one of the most complex engineering feats imaginable,…

20 hours ago

使用哪些光纤材料来生产光纤电缆?

光纤电缆已成为现代电信的支柱, offering high-speed data transmission over

2 weeks ago

高压铜缆一般是多少芯? 有哪些应用?

高压铜电缆是电力分配和传输的重要组成部分,…

1 month ago

铁路系统中使用的高压线路有哪些?

Railroad high voltage lines play a vital role in powering the railway systems that transport

2 months ago

单模和多模光纤电缆有什么区别?

光纤电缆是现代通信网络的关键组件, enabling high-speed data transmission over

2 months ago

工业应用中常用的控制电缆类型有哪些?

控制电缆是工业应用中的重要组成部分, 促进沟通, 信号传输, and control between

2 months ago