Global EV Charging Cable Market 2022-2027

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    GLOBAL EV CHARGING CABLE MARKET

     

    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.

     

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    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

    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.

     

    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.

     

     

    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

    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)

     

    COMPETITIVE LANDSCAPE

    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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