CHICAGO, June 15, 2022 /PRNewswire/ — According to the new market research report “EV Charging Cables Market by Power Supply (AC and DC), Application (Private Charging and Public Charging), Length (2-5 Meters, 6-10 Meters, and >10 Meters), Shape (Straight and Coiled), Mode, Charging Level, Diameter and Region – Global Forecast to 2027″, published by MarketsandMarkets™, the global EV Charging Cables Market is projected to grow at a CAGR of 29.8%, to reach USD 2,453 million by 2027 from an estimated USD 665 million in 2022. Factors such as increasing electric vehicle sales, rapid development of EV charging infrastructure, government policies and subsidies, and increasing price of fossil fuels would drive the growth of the market.
Browse in-depth TOC on “EV Charging Cables Market”
230 – Tables
70 – Figures
243 – Pages
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id= 71981137
Private charging segment to hold the larger share during the forecast period
Most electric vehicle owners prefer private (home) charging as it is convenient and cheap. Private charging stations are installed in home garages or outdoor locations. Coiled cables are best suited for these charging stations as they require less space and can be easily handled. These cables reduce the complexity and cost of private charging stations. Outdoor installations require outdoor-rated charging equipment. While a home charging station requires a dedicated…
