The global electric vehicle charging cables market is anticipated to grow from USD 428 million in 2021 to USD 3,156 million by 2027, registering a CAGR of 39.4% during the forecast period 2021-2027. The electric vehicle charging cable is connected with control lines, signal lines, and auxiliary lines which supply power and ensure the secured operation and accurate control of the whole charging process.

The EV charging cables offer maximum service life and maximum performance with maximum functionality and reliability for each movement. EV charging cables are easy to use and support different charging modes in various regions. With an ergonomically small handle, the EV charging cable is easy to install in the security enclosures. Many major companies in the global EV charging cable market are deploying improved products to meet their customers' needs. Thus, EV charging cables allow drivers to charge their electric vehicles within a short span of time and travel long distances.

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Asia-Pacific dominates the EV charging cables market as China is the major revenue contributor and is providing initiatives to attract major OEMs to manufacture electric vehicle charging infrastructure in the regional markets. Moreover, the rising number of EV charging stations will fuel the growth of the EV charging cables market in the region.

Aptiv is one of the leading players in the EV charging cables market and has an extensive electrification portfolio that includes high-voltage electrical connectors, shielded HV cables, busbar assemblies, charging cord sets and inlets, and solid-state electrical centers. Thus, providing automotive-grade industrialization, software development, and system integration.

In October 2021, TE Connectivity has launched 3 novel products for the hybrid and electric commercial transportation market. The novel IPT-HD power bolt connector accomplishes temperatures ranging from -40 to +125 degrees Celsius and has a low-contact-resistance design which can withstand excessively high engine-level vibrations.

Some of the key players operating in the EV charging cables market: Aptiv, LEONI, TE Connectivity, BESEN-Group, PHOENIX CONTACT, Coroplast, DYDEN CORPORATION, Grupo General Cable Sistemas, Chengdu Khons Technology Co., Ltd., and Tesla.

Source: VynZ Research