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 predicted to reach a valuation of USD 1,992.5 million by the year 2026.
 

Supportive government regulations which encourage the use of electric vehicles along with escalating investments towards development of EV charging infrastructure are key factors propelling the growth of global EV charging cables market.
 

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Focus among public entities towards reducing vehicular emissions and introduction of advanced EV charging cables are augmenting the industry remuneration. These technological advancements in EV charging cables have allowed for development of miniature and high performance components, which in turn is further aiding the market expansion.
 

As per charging level, the report states that level 1 segment of global EV charging cables industry is expected to register substantial growth during the forecast period. Level 1 is basically a single-phase cable that offers battery recharge by using an alternating-current plug as well as a dedicated circuit.
 

Based on application spectrum, worldwide EV charging cables market share from public segment is reckoned to witness considerable growth in the forthcoming years. Various worldwide governments are making high investments towards installation of public charging infrastructure, thereby favoring the overall market outlook.
 

Moving on to power supply, alternate charging segment is expected to witness significant expansion in the ensuing years. Rising adoption of such power systems owing to their affordable nature are fueling the segmental share. On the other hand, direct charging power supply segment is expected to emerge as a major revenue generator for global EV charging cables industry during the forecast period, primarily due to its quick charging properties.
 

Regionally, Asia-Pacific EV charging cables industry is anticipated to showcase remunerative growth in the subsequent years. Rising concerns regarding air pollution coupled with growing demand for fuel efficient vehicles have resulted in high number of electric automobiles, particularly in Japan, India, U.S., and China. Additionally, inclination towards using electric vehicles have boosted the regional demand for charging infrastructure, thereby facilitating the overall business scenario in Asia-Pacific.
 

The key participants in global EV charging cables market are Brugg Group AG, Aptiv Plc, Yangzhou Teison New Energy Co. Ltd., Eland Cables, Manlon Polymers, Chengdu Khons Technology Co. Ltd., General Cable Technologies Corp., Systems Wire and Cable Ltd., Sinbon Electronics Co. Ltd., Besen International Group Ltd., Leoni AG, Coroplast Inc., TE Connectivity, Dyden Corp., and Phoenix Contact among others.