Global EV Charging Cable Market 2022-2027

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    GLOBAL EV CHARGING CABLE MARKET

     

    KEY FINDINGS

    • The rising production of electric vehicles, as well as positive government plans to reduce global carbon footprint and increase the use of electric vehicles, are propelling the global EV charging cable market forward.
    • Conventional cables rated to carry 350A or more would be heavier and difficult to handle in other ways and the connector pins need liquid cooling at high amperage
    • Liquid cooling rapid chargers use liquid-cooled cables to help combat the high levels of heat associated with high charging speeds.
    • The cooling takes place in the connector itself, sending coolant flowing through the cable and into the contact between the car and the connector.
    • In June 2022, the Biden administration planned to develop new standards for federally funded electric vehicle fast chargers to be built along the nation’s highways, generating the “first-ever national network of 500,000 electric car chargers.
    • Many players focused on the outer casing of the cable, which provides an aesthetic feature to the charger and can develop an attractive factor for customers.
    • Electrify America has introduced a new charging station concept that incorporates improvements to the chargers themselves, such as improved displays, etc.
    • In 2021, Ford researchers collaborated with Purdue University to develop a new, patent-pending method for charging station cable that would fully recharge certain electric vehicles in less than five minutes.
    • Bosch has unveiled a new charging cable for electric vehicles equipped without the traditional “charging brick” and weighs about 40% less than brick-equipped cables 
    • In June 2022, Autel U.S entered into the EV Charging Solutions Provider industry with the release of its MaxiCharger Home and Commercial Level 2 AC chargers.

    INTRODUCTION

    EV charging connections are indeed the connections that link the charging point to the electric car and provide electricity generated for charging electric vehicles including such battery-electric automobiles, plug-in hybrid vehicles, electric buses, and others.

     

    The battery packs in electric cars have such a high energy storage density and are replenished by connecting the automobile into the chargers through Recharging lines that are linked to the power grid.

     

    A charging cable for an electric car is composed of three parts which includes a connection put into the vehicle, a length of wire, and another socket linked to a source of electricity.

     

    There are three types of DC car-side connections, which are often used for an transit quick charging. All DC quick charging stations will have cables with both a CHAdeMO and a CCS connection connected and will just need to select which one suits particular car socket.

     

    Rapid chargers do not regularly recharge at its usual current output in order to safeguard the batteries. Individual charging modes 1–4 are mentioned in the IEC / EN 61851 standard to characterise the kind of charging operation in Europe.

     

    infographic: EV Charging Cable Market, EV Charging Cable Market Size, EV Charging Cable Market Trends, EV Charging Cable Market Forecast, EV Charging Cable Market Risks, EV Charging Cable Market Report, EV Charging Cable Market Share

    Voltage levels are defined for a power range of up to 750 V AC and 1,000 V DC. Feeding an electric car is dependent on the electricity generation available at the connected source, the charging technology installed in the vehicle, as well as the capacity of the car’s batteries.

     

    The majority of electric vehicles on the market today can be fully recharged in eight hours at the most. Because of technological advancements, this recharging procedure may now be reduced to a few moments.

     

    GLOBAL EV CHARGING CABLE MARKET DEVELOPMENTS AND INNOVATIONS

    S No Overview of Development Development Detailing Region of Development Possible Future Outcomes
    1 Ford, Purdue partner on technology to speed up EV charging Ford and Purdue University are partnering to develop a new charging station cable compatible with vehicle charging technology still being developed with hopes of making a broader transition to electric vehicles possible. Global Scale This would enhance better Technologies and production

     

    GLOBAL EV CHARGING CABLE MARKET DYNAMICS

     

    Sr. No. Timeline Company Updates
    1 May 2021 Costa Coffee & InstaVolt Costa Coffee partnered with InstaVolt to install pay as you go electric vehicle chargers at up to 200 of the retailer’s drive-thru sites across the UK.
    2 March 2019 IEWC & Coroplast IEWC partnered with Corrplast to expand industry-leading product offering for electric vehicle cables making IEWC the first distributor to stock single- and multi-conductor, shielded and unshielded versions of Coroplast high voltage (HV) products in North America.
    3 June 2018 Leoni and PARC Leoni and PARC announced a strategic partnership to enable Leoni’s digitalization solutions. With the support of PARC’s groundbreaking technologies in the fields of condition-based maintenance (CBM), system analysis, artificial intelligence (AI) and embedded sensor technology, Leoni will drive its digital transformation forward. Initial research work was focused on the enablement of Leoni’s smart cable systems.

     

    Several factors, such as safe and comfortable car charging and shorter charging times, are projected to increase consumption for the charging stations sector of the EV charging cables market.

     

    Additionally, various cables meet different needs. Varying cables charge at different rates, and some have different connections that allow you to recharge your EV at multiple places.

     

    As a result, the consumers may require more than one type of cable for a number of uses. This necessity and consumption would propel the EV charging cable industry forward. Changes in the charging interface have indeed resulted from technological improvements.

     

    infographic: EV Charging Cable Market, EV Charging Cable Market Size, EV Charging Cable Market Trends, EV Charging Cable Market Forecast, EV Charging Cable Market Risks, EV Charging Cable Market Report, EV Charging Cable Market Share

     

    The rising production of electric cars, as well as positive government plans to decrease global carbon footprint and boost the use of electric vehicles, are driving the growth of the worldwide EV charging cable market.

     

    Furthermore, the establishment and construction of EV charging stations throughout the world is predicted to boost demand for electric vehicles, increasing the use of EV charging cables.

     

    Furthermore, the rising accessibility of customers, particularly home charging choices for electric vehicles, together with the increasing movement of transportation corporations adopting emission-free vehicles and the burgeoning electric bus industry, should drive demand for electric car charging connections.

     

    The growing demand for high-speed charging stations has prompted EV recharging connection producers to create sophisticated technological connections.

     

    The majority of DC charging stations operate on 400 V to 480 V and can charge up to 50kW. Leading EV charging cable makers recently introduced a number of new devices to help with the charge and discharge.

     

    The EV charging connections market is growing as a result of measures undertaken by the government and battery powered car manufacturers to expand and deploy public EVSE infrastructures in a variety of locations such as movie theatres, stadiums, airports, shopping malls, corporate buildings, hotels, and others.

     

    Leoni, a global provider of energy and data management solutions for the automobile industry and other industries, is increasing its focus on electromobility. 

     

    The company’s Wire & Cable Solutions Division (WCS) will expand its facility in Cuauhtémoc, Mexico by 7000 square metres, with the possibility to expand by another 3000 square metres, as part of this new development project. 

     

    The goal is to enhance production capacity, primarily for EV charging cables and Hivocar high-voltage cables for alternative-drive automobiles.

     

    Electromobility is on the rise in North America, as it is in many other nations; all of the major automakers have declared intentions to expand their product offerings.

     

    As a result, Leoni intends to increase its capacity in order to meet the expanding and changing market demands. With production close to the customer, the company may provide electromobility products made to the customer’s demands on a local and flexible basis.

     

    For electric automobiles and plug-in hybrids, Leoni offers a broad product portfolio that includes AC and DC charging cables for various charging modes, as well as alternative fast charging solutions.

     

     The cables are available in both the 300V AC and 600V/1.000V DC voltage levels that are available in the United States: EVJE cables primarily for home charging, similar to charging modes 1 and 2 in Europe and EVE cables mainly for commercial charging fast charging, comparable with European charging modes 3 and 4.

     

    GLOBAL EV CHARGING CABLE MARKET SEGMENTATION

    The Global EV Charging Cable Market can be segmented into following categories for further analysis.

     

    By Type

    • Alternate Charging Cable – AC
    • Direct Charging Cable – DC

     

    By Vehicle Classification

    • Battery electric vehicle
    • Hybrid Electric Vehicle
    • PHEV

     

    By Usage Classification Type

    • Level 1 Charging
    • Level 2 Charging
    • Level 3 Charging

     

    By Shape Type

    • Straight Shape
    • Coiled Shape

     

    By Regional Classification

    • Asia Pacific Region – APAC
    • Middle East and Gulf Region
    • Africa Region
    • North America Region
    • Europe Region
    • Latin America and Caribbean Region

     

    RECENT TECHNOLOGICAL TRENDS IN GLOBAL EV CHARGING CABLE MARKET

     

     

    Sr. No. Timeline Company Updates
    1 September 2021 Bosch Bosch revealed its new flexible charging cable for electric vehicles without the ‘charging brick’ with integrated universal charging technology.
    2 August 2021 Zero Emission Vehicles Ltd Zero Emission Vehicles Ltd. announced the launch of British-made EV charging cables with lightweight connectors for the UK market.
    3 May 2019 TE Connectivity TE Connectivity launched its next generation of charging cables and inlets for hybrid and electric vehicles specifically designed to meet DIN EN 61851.
    4 September 2018 SINBON Electronics SINBON Electronics announced the official opening of its new plant in Tatabanya, Hungary. The plant focused on developing and producing parts and components related to new energy vehicles and smart network vehicles, including connectors, wiring harnesses, and smart wires.
    5 July 2018 Coroplast Coroplast’s Cable & Wire division introduced high-voltage cables at the trade fair in Wolfsburg which can be actively cooled and convince with their minimal material consumption combined with high space and weight savings.

     

    Car charging cables, like phone charging cords, often feature two connections, the one which connects into the vehicle socket and the other into the Charge Point itself.

     

    There are several variations of the Mode 2 charging cable accessible. The automobile manufacturer will frequently include the Mode 2 charging cable for connecting to a standard household outlet.

     

    As a result, inside a crisis, drivers may recharge electric vehicles from a household plug. A box installed between the car connection as well as the connection plug allows communication between both the automobile as well as the charger cord (ICCB In-Cable Control Box).

     

    A Mode 2 charging cable with such a connection for various CEE industrial sockets, such as NRGkick, is the most sophisticated variant. Depending on circumstances, this allows you to fully charge your electric vehicle.

     

    The mode 3 charging cable connects the charging point to the electric vehicle. The type 2 plug has been established as the mainstream throughout Europe.

     

    Charging points are often fitted with a type 2 socket which enables electric vehicles to be recharged mostly using type 1 and type 2 outlets. To charge electric vehicle, a mode 3 charging cable from type 2 to type 2 for a mode 3 charging cable from type 2 to type 1.

     

    Fast-charging stations use direct current (DC) and often feature a Combined Charging System cable that is connected directly (CCS or Combo 2). These connections are identical to Type 2 cables, however they include two conductors instead of one.

     

    The ICCB cable, which is used at a domestic socket, is frequently provided in the car. A Type 2 cable may be purchased separately but is normally included within the higher-equipped automobiles – therefore should bring one such connection with  when charging at a public station with AC power. CCS type 2 cables are typically installed throughout all fast-charging stations (DC)

     

    RECENT LAUNCH IN EV CHARGING CABLE MARKET

    Electrify America has introduced a new charging station concept that incorporates improvements to the chargers themselves, such as improved displays and cable management, as well as improvements to the stations themselves, such as solar canopies and additional amenities.

     

    Many automakers aiming to introduce new electric vehicles to the market are turning to it as a charging partner.

     

    After a few years of running its network, Electrify America has learned a lot, and it’s now revealing updates to its service, which it’s dubbed the Charging Station of the Future.

     

    The charger itself has been improved with a better cable management system and a brighter screen that will be easier to view in different lighting.

     

    Rainer Zietlow, famed for record-breaking automotive travels such as Melbourne to St. Petersburg, is behind the wheel of the VW ID.4. 

     

    The long-haul legend need not be concerned about running out of charge en route, because of the increasing number of charging stations in the United States. 

     

    The LEONI charge cable, which is furnished with HARTING Technology Group charging connectors, is always within easy reach in the back of the car so he can top up. Inside, LEONI’s high-voltage and low-voltage wiring systems ensure that energy is routed safely throughout the car.

     

    As a result, it was only natural for Zietlow to pay a visit to LEONI’s Troy, Michigan development centre, where the VW ID.4 technology makes it possible for Rainer Zietlow’s ‘refuelling stops’ to be safe and short

    COMPETITIVE LANDSCAPE

     

    Sr. No. Timeline Company Sales
    1 Q3-2021 Leoni AG Leoni AG recorded Group sales of €1,169m ($ 1.33 B) increased by 10% vs Q3-2020 despite significant challenges from shortages on demand side, copper price effects and organic growth overcompensated consolidation effects
    2 Q3-2021 TE Connectivity TE Connectivity’s net sales were a record $3.8 billion, up 51% on a reported basis, and 45% on an organic basis year over year while orders stood at $4.5 billion, consistent with second quarter order levels.
    3 Q3-2021 Aptiv – Delphi Aptiv – Delphi reported U.S. GAAP revenue of $3.7 billion, a decrease of less than 1% from the prior year period while the U.S. GAAP net income was of $86 million and earnings were of $0.32 per diluted share, compared to $283 million and $1.05 per diluted share in the prior year period.
    4 Q3-2021 Sinbon Electronics Sinbon Electronics’ consolidated sales revenue for the 3rd quarter was NT$6.657 billion, which it increased over 2.33% and 12.39% over the sales revenue in 2nd quarter and the same period of last year respectively.

     

    Automakers of electric vehicles are anticipated to modify manufacturing levels. In addition, components fabrication was halted, and tiny Tier II and Tier III manufacturers may have encountered liquidity problems.

     

    The automobile sector is very capital-intensive and requires constant funding to stay in business. As a result, the halt of manufacturing even during epidemic and decreased demand are projected to provide an extraordinary impact on producers and providers of electric car charging stations.

     

    Many businesses and universities want to use wireless connectivity in a variety of applications. As a result, the innovation is projected to swiftly infiltrate the segment. Several firms, like Robert Bosch and WiTricity, recently created innovative inductive charging devices for alternative fuel vehicles.

     

    Leoni is one of the developers of the EV Charging Cables in the market. LEONI High Voltage Rechargeable (HPC) connections enable drivers to charge their electric vehicles in a matter of minutes and go substantially further.

     

    Because making cables easier to handle, such cables must have a smaller diameter, but this exposes them to overheating. As a result, they are outfitted with a liquid-cooling system. LEONI EV charging cables are compliant with the new EN 50620 specification.

     

    The cables may be integrated with 4 Modes technologies. This would be supplemented nationally and globally by IEC 62893. Mode 2 charging differs from mode 1 in that it employs an extra in-cable controller.

     

    This includes a control and protection facility, as well as the ability to monitor surplus energy and communication with both the charge controller. The rated current available is 20 A.

     

    Aptiv has been part of an integrated effort placed towards development of the latest regulated EV Charging cable in the industry. Aptiv EV Charging Connectors comprise connection assemblages developed for supercharger infrastructure or transportable cord sets.

     

    SAE J1772 / IEC62196 Type I, IEC62196 Type II, and GB/T 20234 compatible connectors are provided by Aptiv Recharging connections. These Aptiv charging cable assemblies have current capacities ranging from 16A to 40A.

     

    The cables also have a power range of 120V to 480V and an annealing temperature of -40°C to +50°C. Aptiv’s Electric charging cords have ecologically protected wire rubber stoppers as well as a soft grip or plastic handle.

     

    The range comprises residual DC current protection as well as thermal sensor to recognize any anomalous scorching upon that utility grid. Those connections are designed to work with IEC62196 Type II Inlets.

     

    COMPANIES PROFILED

     

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2022-2027
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2022-2027
    19 Market Segmentation, Dynamics and Forecast by Application, 2022-2027
    20 Market Segmentation, Dynamics and Forecast by End use, 2022-2027
    21 Product installation rate by OEM, 2022
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2022
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

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