According to the research report titled ‘EV Charging Cables Market Share, Size, Trends, Industry Analysis Report, By Charging Level; By Cable Length; By Application; By Power Supply By Shape ) By Regions; Segment Forecast, 2020 – 2026’, available with Market Study Report, global EV charging cables market is expected to account for USD 1,992.5 million by the year 2026.
 

Supportive regulatory outlook which promote the use of electric vehicles and technological advancements in this business domain based on improvements and miniaturization of components are some of the key factors driving the growth of global EV charging cables market.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/2963781/
 

These technological advancements have allowed for the development of EV charging cables with lower costs and reduced charge time. In addition to this, worldwide governments are also introducing strict emission regulations to boost the adoption rates of electric vehicles, which in turn is also fueling the market size.
 

As per charging level, global EV charging cables industry share from level 1 segment is predicted to expand significantly during the forecast period. Level 1 is basically a single-phase cable that offers batter recharge using an alternating-current plug as well as a dedicated circuit. This system does not require a dedicated charging equipment and is widely used in household applications for charging a battery within 8-12 hours, thereby stimulating the overall industry outlook.
 

Worldwide EV charging cables market size from public applications segment is expected to register considerable growth during the study period. Surging investments by worldwide government entities towards establishing an advanced public charging infrastructure is a key factor boosting the segmental growth.
 

In terms of power supply, the alternate charging segment accounts for the largest market share and is likely to depict similar growth trends in the ensuing years, owing to its widespread usage and affordability.
 

On the other hand, direct charging segment is reckoned to witness a robust compound annual growth rate during the forecast period, considering it is known to offer a faster charging duration.
 

Highlighting the geographical landscape, Asia-Pacific has off late emerged as a key revenue contributor for global EV charging cables industry. Rising concerns regarding air pollution in consort with mounting adoption of fuel efficient vehicles have resulted in proliferating sales of electric cars, which in turn is favoring the regional market scenario.
 

The prominent companies operating in global EV charging cables market are , Dyden Corporation, Yangzhou Teison New Energy Co. Ltd., BRUGG Group AG, Aptiv plc, Eland Cables Ltd., Besen International Group Limited, Manlon Polymers, Chengdu Khons Technology Co. Ltd., General Cable Technologies Corporation, Systems Wire and Cable Ltd., SINBON Electronics Co. Ltd., Leoni AG, TE Connectivity, Coroplast Inc., and Phoenix Contact among others.