#EV Charging Cables Market Outlook

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EV Charging Cables Market Poised for Significant Growth Amid Rising Electric Vehicle Adoption

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EPDM Cable Market Trends and Long-Term Outlook 2024 - 2032

The EPDM (Ethylene Propylene Diene Monomer) cable market is an essential segment of the electrical and telecommunications industry, driven by the growing demand for durable and reliable cable solutions across various applications. EPDM cables are known for their excellent weather resistance, flexibility, and insulation properties, making them suitable for use in harsh environments. This article provides an in-depth analysis of the EPDM cable market, discussing key trends, drivers, challenges, and future outlook.

Overview of EPDM Cables

The EPDM cable market is well-positioned for growth as industries increasingly prioritize durability, flexibility, and reliability in electrical solutions.

What Are EPDM Cables?

EPDM cables are electrical cables insulated with EPDM rubber, a synthetic material known for its exceptional resistance to heat, ozone, and weathering. These cables are commonly used in applications where durability and flexibility are critical, such as in outdoor and industrial settings.

Key Features of EPDM Cables

Weather Resistance: EPDM cables can withstand extreme temperatures, UV exposure, and moisture, making them ideal for outdoor applications.

Chemical Resistance: These cables exhibit resistance to various chemicals, oils, and solvents, ensuring longevity in industrial environments.

Flexibility: EPDM cables remain flexible even at low temperatures, facilitating easier installation and maneuverability.

Market Dynamics

Current Market Trends

The EPDM cable market is shaped by several significant trends:

Growing Demand for Renewable Energy: The rise in renewable energy projects, such as solar and wind power, is increasing the need for reliable and durable cable solutions.

Technological Advancements: Innovations in cable manufacturing processes are enhancing the performance characteristics of EPDM cables, driving their adoption in various applications.

Increasing Infrastructure Development: Ongoing investments in infrastructure, particularly in emerging economies, are fueling the demand for high-quality electrical cables.

Market Segmentation

The EPDM cable market can be segmented based on:

Type: Low-voltage cables, medium-voltage cables, high-voltage cables.

Application: Power generation, telecommunications, automotive, industrial equipment, and others.

Region: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

Key Drivers of Market Growth

Rising Energy Demand

The growing global energy demand, coupled with the expansion of power generation infrastructure, is driving the need for durable electrical cables like EPDM.

Increasing Adoption of Electric Vehicles

The rise of electric vehicles (EVs) is boosting the demand for EPDM cables, which are used in charging stations and EV components due to their flexibility and durability.

Stringent Safety Standards

Regulatory requirements for safety and environmental standards are encouraging manufacturers to use high-quality materials like EPDM in cable production, driving market growth.

Challenges Facing the Market

Price Volatility of Raw Materials

Fluctuations in the prices of raw materials used in the production of EPDM cables can impact manufacturing costs and pricing strategies.

Competition from Alternative Materials

The availability of alternative insulation materials, such as PVC and silicone, may limit the growth of the EPDM cable market, as some users may prefer these alternatives for specific applications.

Technical Challenges

The manufacturing of EPDM cables requires advanced technology and expertise, which may pose challenges for smaller manufacturers looking to enter the market.

Future Outlook

Market Projections

The EPDM cable market is expected to witness steady growth over the next several years, driven by increasing demand in various sectors, including renewable energy and electric vehicles.

Innovations on the Horizon

Future developments may include enhanced formulations of EPDM for improved performance, such as better thermal stability and higher conductivity, as well as the integration of smart technologies for monitoring and control.

Strategic Collaborations

Collaborations between manufacturers, end-users, and research institutions will be essential for driving innovation and expanding the market reach of EPDM cables.

Conclusion

While challenges such as raw material price volatility and competition from alternative materials exist, the ongoing demand for high-quality cables in renewable energy, electric vehicles, and infrastructure development will drive market adoption. As technological advancements continue to emerge, EPDM cables will play a vital role in enhancing the performance and safety of electrical systems across various applications, contributing to a more sustainable and efficient energy future. 

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Wired Charging Market - Forecast(2024 - 2030)

Wired Charging Market Overview

Wired Charging market is analysed to grow at a CAGR of 3.7% during the forecast 2021-2026 to reach $20.8 billion. Wired Charging involves connecting devices using cables to charge or power up a device. Wired charging technology has evolved over the year as it has got smarter and has faster charging capabilities. The advancements in wired charging industry such as fast charging and USB type charging have also aided the growth of the market. Recently, the market for wired chargers has been increasing due to the rise of electric vehicles and Plug in Hybrid vehicles over IC Engine vehicles that use wired charging technology through charging points for single phase electric motors. Wired charging technology also records faster charging speeds than wireless charging. Further, growing popularity of consumer electronics products and growing demand for the installation of charging stations is also expected to create positive outlook for the growth of the market. 

Wired Charging Market Report Coverage

The report: “Wired Charging Industry Outlook – Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Sound Level Meters industry.

By Component: Charging adapter and charging cable By Sales Channel/ Market: Direct /OEM and Indirect/Aftermarket By Charging Type: Fast Charging and standard charging By Charging cable: USB Type C, Micro USB, Lightning and others By Charging Adapter: Wall charger, Car charger, power bank/power hub By Application: PHEV, BEV and in vehicle Charging By Geography: North America (U.S, Canada, Mexico), South America(Brazil, Argentina and others), Europe(Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Australia and Others), and RoW (Middle East and Africa)

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Key Takeaways

Rising sales of electric vehicles is analysed to significantly drive the market during the forecast period 2021-2026.

Among the components, charging adaptor are analysed to hold significant share in 2020, attributed to the prolonged evolution and expansion of the electronics industry. Moreover, increasing demand for electrical vehicles (EVs) and connected devices acts as another major force stimulating the growth of the charger adapter market.

APAC is analysed to grow at highest CAGR during the forecast period owing to the increasing adoption of fast charging units for electric and hybrid electric vehicles. The rising sales of electric vehicles and the initiatives taken by the government for the implementation of charging stations in APAC countries including India, Japan and China will drive adoption of wired charging.

Wired Charging Market Segment Analysis – By Charging Cable

By charging cable, the wired charging market is segmented into USB Type C, Micro USB, Lightning and others. USB Type C are analysed to hold highest share at 48.9% as it is considered a ubiquitous advancement in the computing and consumer electronics industry. It began its appearance in consumer product during 2014 and has revolutionized the wired charging market through 2020. Also, tech giants are introducing new consumer electronics with USB Type C as it is reversible, allows for faster charging speeds, and supports fast media transferring functionalities. USB Type C connectors have also replaced headphone jacks from newer phones and devices. All such trends would broaden up the growth prospects for USB Type C cable during the forecast period.

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Wired Charging Market Segment Analysis – By Application

By application type, the wired charging industry is segmented into Consumer electronics, Automotive, Personal Care and others. Consumer electronics is the largest segment in the wired charging market which accounts for major share. The growth of the segment is attributed owing to increased adoption as the use of wired chargers in consumer electronics has been a traditional use and most of the people prefer wired chargers over wireless chargers as it helps in fast charging and is portable when compared to wireless chargers. Further, the increasing number of smartphone users around the globe and introduction of fast charging and USB type C chargers by the players present in the market is resulting in higher adoption of wired chargers, thereby promoting in the growth of the wired charging market.

Wired Charging Market Segment Analysis – By Geography

Asia-Pacific is analysed to be the major region with a share of 57.6% in 2020 for the wired charging owing to the increasing adoption of fast charging units for electric and hybrid electric vehicles. However, the increasing usage of wireless charging technology has poised the market growth during the forecast period. However, APAC is analysed to grow at highest rate during the forecast period 2020-2026 majorly attributed to the rising sales of electric vehicles and the initiatives taken by the government for the implementation of charging stations in APAC countries including India, Japan and China which would further upsurge the growth of the region. In addition, increasing investments in development & adoption of advanced consumer electronic devices and high adoption of wired chargers for these devices set to drive the region growth.

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Wired Charging Market Drivers

Rising sales of electric vehicles (EVs):

The rising popularity for electric vehicles for reducing the level of pollution in the environment is driving the growing need for wired charging station for charging these electric vehicles, thereby driving the market growth. According to International Energy Agency (IEA), the number of battery electric vehicles have been increased from 1.19 million units to 3.29 million units during 2016-2018 period at global level. As the industry strive to find new advancements such as the deployment of hybrid and plug-in electric vehicles to cater industry as well as environmental needs, which has led towards the increased adoption of wired charging & related technologies. Moreover, increasing demand for autonomous vehicles set to create opportunities for the wired charging thereby powering the market growth.

Growing demand for the Installation of Charging Stations:

The growing requirement for the installation of charging station for residential and commercial purposes is emerging significantly for EV charging applications. With the rising adoption of electric vehicles, the need for efficient fast charging stations is observed which will significantly drive the need for advanced usage of cabling system to promote wired charging technology. Also, private players are also making several efforts which would positively influence the growth of the market. For Instance: Enel X, an advanced energy services subsidiary of Italian group Enel SpA, has announced the close of its project called AMBRA-Electrify Europe (AMBRA-E) in February 2020. This project will lead to the installation of more than 3,000 charging stations for electric vehicles (EVs) across Spain, Romania and Italy. Additionally, an investment of $76.8m will take place for quick, fast and ultra-fast charging points. These trends would revolutionise the wired charging industry outlook.

Wired Charging Market Challenges

Introduction of wireless charging systems along with Internet of Things (IoT) Devices:

As technology is getting more disruptive, there is a growing need for more reliable technology such as Wireless charging technology. This technology is more portable than traditional wired charging technology which is hindering the growth of wired charging market. Also, the adoption of wireless charging improves the performance of the device by making them completely waterproof and dustproof, and easier to maiWired Charging Marketntain which makes this technology better then wired charging. All such factors are restraining the growth of the Global wired charging market.

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Wired Charging Market Landscape

Product launches, Acquisition, Partnership, Expansion, and R&D investment activities are key strategies adopted by players in the Wired Charging Market. The key players in the market include ChargePoint, Inc, ABB Ltd, Webasto Group, Dell Inc, Apple Inc, Samsung Electronics Co., Ltd, Anker Innovations Ltd, RAVPOWER, Huawei and Aukey

Expansions/Product Launches/ Investments

In June 2020, Webasto Group opened a new roof plant and battery center in Jiaxing (China). It will also manufacture charging stations and electric heaters along with the roofs for automotive industry.

In December 2019, ChargePoint launched ChargePoint Home Flex,a charging station for residential use. The device delivers 50amps with 9 times faster charging than standard outlet.

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India EV charging connector market size at USD 1.74 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the India EV charging connector market size to grow at a robust CAGR of 18.49% reaching a value of USD 4.82 billion by 2029. Major growth drivers for the India EV charging connector market include an increasing government initiative supporting electric vehicle (EV) adoption to combat air pollution, high fuel prices, and environmental concerns. The growth in the automotive industry in India is creating a positive outlook for the EV charging connector market. As more automobile manufacturers invest in EVs, there is a growing demand for charging infrastructure. The widespread adoption of electric EVs in India is a significant driver for the market. This is largely due to concerns about carbon emissions and increasing fuel prices, making EVs a more attractive and sustainable transportation option. Notably, the market has seen continuous technological advancements, including wireless charging solutions and the integration of IoT for real-time monitoring and scheduling of charging sessions. These advancements improve the user experience and the efficiency of charging stations. Also, the development of a robust and widespread charging infrastructure is a critical aspect of the EV market. Public charging stations, home charging solutions, and fast-charging networks are all essential components. Private companies and government initiatives have been working to expand the charging network across the country. Hence, such aspects are expected to drive the expansion of the India EV charging connector market during the forecast period. However, high initial costs and infrastructure challenges are anticipated to restrain the overall market growth during the period in analysis.

India EV Charging Connector Market – Overview

The India electric vehicle (EV) charging connector market pertains to the sector involved in producing, distributing, and using connectors for charging electric vehicles. These connectors serve as the bridge between the vehicle and charging station, enabling power transfer. India utilizes various connector types, including AC and DC fast charging connectors, as well as EV charging cable assemblies. This market is rapidly expanding in line with the growing adoption of electric vehicles. It encompasses connector manufacturers, charging station operators, automakers, and government bodies, all working together to establish standardized and efficient charging solutions. This market's development is critical for the widespread adoption of electric mobility in India, offering convenient and standardized charging access to EV users.

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Electric Vehicle Charging Cables Market Analysis Demand, Statistics, Top Manufacturers, Revenue by Reports and Insights 2030

The latest market report published by Credence Research, Inc. “Global Electric Vehicle Charging Cables Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028. The global EV charging cable Market has witnessed steady growth in recent years and is expected to continue growing at a CAGR of 28.50% between 2023 and 2030. The market was valued at USD 0.59 billion in 2022 and is expected to reach USD 3.413295635 billion in 2030.

The global EV charging cable market is experiencing significant growth driven by increasing adoption of electric vehicles (EVs) and technological advancements in the EV industry. The market is segmented based on cable length, shape, charging level, power type, application, and region, offering a wide range of options to cater to different consumer needs. North America leads the market growth. However, the market also faces challenges, including compatibility and interoperability issues and a lack of standardization, which have led to confusion and inconvenience for EV owners, limiting their charging options.

Electric Vehicle Charging Cables Market is witnessing significant growth trends, driven by the increasing adoption of electric vehicles (EVs) and the expanding infrastructure for EV charging stations. As more people opt for environmentally friendly transportation solutions, the demand for efficient and reliable charging cables has surged. These cables play a vital role in connecting EVs to power sources, ensuring a seamless flow of electricity during the charging process. The market's key growth trends reflect advancements in technology that have led to the development of high-performance cables capable of delivering faster charging times and improved energy transfer efficiency.

Nonetheless, the global EV charging cable market presents significant growth opportunities, including the rapid expansion of charging infrastructure and the demand for faster charging speeds.

Browse 250 pages report Electric Vehicle Charging Cables Market By Cable Length (2 meter to 5 meter , 6 meter to 10 meter , Above 10 meter ) By Shape (Straight , Coiled) -Growth, Future Prospects & Competitive Analysis, 2016 – 2030)- https://www.credenceresearch.com/report/electric-vehicle-charging-cables-market

Competitive Landscape

The global EV charging cable market is highly competitive, with the presence of several key players. Some of the major players in the market include AG Electrical Technology Co, Chengdu Khons Technology Co., Ltd., Guangdong OMG Transmitting Technology Co., Ltd., Phoenix Contact, Leoni AG, Sinbon Electronics, Manlon Polymers, Prysmian S.p.A., Besen International Group, EV Cables UK, and others. These companies focus on product innovation, expanding their distribution channels, and engaging in mergers and acquisitions to stay competitive in the market.

Future Outlook

The global EV charging cable market has a positive outlook, driven by the increasing adoption of electric vehicles and technological advancements in the EV industry. However, challenges such as compatibility issues and lack of standardization need to be addressed. Key players in the market should focus on product innovation, expanding their market reach, and maintaining competitive pricing to stay ahead. The market offers significant growth potential, particularly in North America. As the demand for electric vehicles continues to rise, the need for reliable and efficient charging solutions will drive the growth of the EV charging cable market.

Why to Buy This Report-

The report provides a qualitative as well as quantitative analysis of the global Electric Vehicle Charging Cables Market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, the base year- 2021, and the projection period 2022-2028.

The report includes information on the competitive landscape, such as how the market's top competitors operate at the global, regional, and country levels.

Major nations in each region with their import/export statistics

The global Electric Vehicle Charging Cables Market report also includes the analysis of the market at a global, regional, and country-level along with key market trends, major players analysis, market growth strategies, and key application areas.

Browse Full Report: https://www.credenceresearch.com/report/electric-vehicle-charging-cables-market

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[epowerie]

The Cost of Electric Car Charging Points for Businesses in Ireland

According to BloombergNEF’s 2019 EV outlook report, around 550 million electric vehicles (EVs) are going to be on the roads worldwide by 2040. Across Europe, EV sales are expected to significantly increase by 2021 as the EU implements stricter measures to further cut CO2 emissions.

The Government published its Climate Action Plan in 2019 which has committed to banning all petrol and diesel new vehicles sales  by 2030. The action plan has also set a target of 950,000  electric vehicles on the road by 2030 which is very optimistic but clearly demonstrates government policy & support to the sector.

With these initiatives and the eventual drop in the cost of owning EVs’, experts believe that plug-in cars will become mainstream soon making electric car charging points essential and establishments that have them will definitely have a competitive advantage to start with until the charging points are in every house/business in the country.

The Benefits of Having Electric Car Charging Points

EV chargers on your premises can attract more customers. Electric vehicle owners will prefer businesses that have charging facilities making it convenient for customers to top up their cars while they dine in a restaurant or stay in a hotel. If you fail to provide this need, prepare to lose these customers to competitors with charging stations.

Installing EV charging points is a good way of supporting efforts to protect the environment. Being eco-friendly can improve your company’s reputation, making it more appealing to consumers.

EV Chargers will also increase your internet visibility as popular sites like Tripadvisor.com and Booking.com have included EV charging in the “Amenities” filter. There are even applications like Zapmap, EV Hotels etc. which help EV owners find charging points resulting in businesses being able to attract new customers from a wider market. The chargers themselves can be a source of extra revenue as well depending on the business model you use.

How Much Do EV Charging Points for Businesses Cost?

There are two main factors which can affect the cost of setting up an EV charging infrastructure – the price of the charging unit and the installation cost.

EV chargers have different specifications which affect their prices. Commercial Chargers have more features including back office billing & reporting capability. Commercial Chargers may have an LCD display or a built-in technology that enables the company to accept credit card payments not required by domestic home chargers.

Charging speeds directly affect the price of the charging equipment. Rapid charge points (DC Chargers), designed to charge EVs at a faster rate, are more expensive to install and these are generally found at motorway service stations enabling consumers to get a quicker charger to complete their journey.

Installation costs depends on several factors like the amount of civil works required, materials used and labour. Installing stations on existing structures require more work which results in bigger expenses.

Cable runs also affect the installation cost – having longer cable runs means more expense. Meanwhile, installing charge points back to back can cut down installation costs since they can share the same charge post, same cable run & same civil works.

For commercial stations, the biggest expense is undeniably installation cost but there are ways to lessen this like hiring a certified charging provider. This kind of company employs experts who can come up with strategies to mitigate project costs.

The government is actively promoting the installation of chargers which qualify for Accelerated Capital Allowances (ACA) to businesses that want to invest in energy saving technology.

Every company has unique requirements which is why the cost of putting up EV charging stations is not the same for all businesses. Consulting a trusted EV charging provider is the only way for you to know exactly how much budget you would need for this project.

Are you planning to install EV charging stations on your business premises?

ePower are the preferred installer of business EV charging points in Ireland. Call us now on 1800 99 88 77 to learn more about our products and services!

[robinmark]

EV Charging Cables Market Likely to Emerge over a Period of 2021 - 2031

Future Market Insights research on the EV Charging Cables Market offers a comprehensive overview for the forecast period of 2021-2031. It uncovers hidden opportunities and studies growth trajectory across various segments. The study also offers an unbiased analysis by analyzing historical demand and future projections from a bird’s eye perspective. The report identifies some of the lucrative Markets across the globe. FMI delivers an insightful coverage on the EV Charging Cables Markets latest trends, drivers, challenges, opportunities and restraints that the Market is expected to prevail in the upcoming decade.

According to the study, the automotive industry is expected to witness a healthy growth backed by the technological advancements. Leading players are expected to launch unique driving techniques to strengthen their footprint. This will have a positive impact on the EV Charging Cables Market. The report covers the ‘Highs and Lows’ of the past decade and gives future projections based on the latest trend in the automotive industry.

COVID-19 Impact on Automotive Industry

With the onset of COVID-19, the automotive companies and Market players witnessed a few set-backs. As the COVID-19 crisis continues to unfold, FMI delivers detailed and rapid insights to navigate through the crisis. The report presents in-depth findings obtained through innovative methodology. Information presented in the report, is interspersed with up-to-date statistics. Data available on the EV Charging Cables Market is intended to aid both short-term and long-term strategic decision making. The report also offers a holistic overview, mapping the factors, opportunities and trends likely to help in the wake of the coronavirus pandemic.

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The COVID-19 outbreak had a swift and severe impact on the automotive sector. Affects included disruption in supply chain activities and overall vehicle production. Starting in China, vehicle and vehicle part manufacturers around the world either placed their production lines on quarantine or shut down completely. This led to severe impact on automotive sales, thus hindering the EV Charging Cables Market.

However, with recovery already registered in certain countries, future prospects are expected to improve for the EV Charging Cables Market.

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EV Charging Cables Market: Segmentation

To gain a better perspective on the latest trends and opportunities, the information has been classified into key segments and sub-segments.

By Power Supply:

AC charging

DC charging

By Product Type:

Mode 2 charging cables

Mode 3 charging cables

EV Charging Cables Market: Competitive Analysis

The report on the EV Charging Cables Market report offers a detailed analysis of some of the leading players operating in the Market. It examines the impact of key strategies adopted by the Market players, which include product launches, expansion of distribution channels, leveraging local networks, strategic mergers & acquisitions, and others.

Key players covered in the report include:

Tesla, Inc.

Phoenix Contact

Dyden Corporation

TE Connectivity

Coroplast, Leoni AG

BESEN International Group

Systems Wire and Cable

General Cable Technologies Corporation

Chengdu Khons Technology Co., Ltd.

Manlon Polymers

Critical Questions Answered in the Report

Which are the top manufacturing companies operating in the EV Charging Cables Market?

What will be the future outlook of the EV Charging Cables Market in the upcoming decade?

Which are the some of the lucrative Markets for EV Charging Cables Market?

Which factors will drive the EV Charging Cables Market growth?

What are the challenges faced by the prominent players of the global EV Charging Cables Market?

Significant Contributions of the Report

Key Trends and Challenges: Detailed analysis on the ‘ins and outs’ of the Market with qualitative research and quantitative insights

Recent Drivers and Opportunities: Detailed assessment on the key growth drivers, technological developments, and factors affecting the Market over the forecast period.

Segmental Analysis: Extensive research on each segment and sub-segment, compiled by expert research analysts of FMI

Regional Market Forecast: Thorough analysis of each regional Market to provide Market players with real-time data and reliable statistic to gain a competitive edge in the industry

Competitive Landscape: Comprehensive analysis on prominent players and new entrants eyeing to improve their revenue prospects in the industry

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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Wireless Electric Vehicle Charging Market by Global Demand, Latest Technology and Outlook 2021-2030

The Global Wireless Electric Vehicle Charging Market size is estimated to be USD 30.9 million in 2019 and is predicted to reach USD 213.7 million by 2030 with a CAGR of 19.2% from 2020-2030. Wireless Electric Vehicle Charging is a technology which transfers the energy from the source to the consuming device without cables. It is one of the recent developed technologies which is gaining popularity and offer various benefits as compared to the traditional method over the period of time. There has been increased inclination towards the use of electric vehicles and this technology creates safe, reliable and efficient way to charge the vehicle on a daily basis. Access Full Description of this report at:- https://www.nextmsc.com/report/wireless-electric-vehicle-charging-market Top Companies: Continental AG, Qualcomm Inc., Robert Bosch Gmbh, Texas Instruments Inc., Toyota Motor Corporation, Witricity Corporation, Powermat Technologies Ltd, Elix Wireless, Evatran Group Inc, and Toshiba Corporation and others. The global wireless electric vehicle charging market share is analysed on the basis of power source, installation, distribution channel, vehicle type, and geography. On the basis of power source, the market is segmented into 3–50 kW. Based on installation, the market is categorized into home and commercial. Based on distribution channel, the market is fragmented into OEMs and Aftermarket. On the basis of vehicle type, the market is divided into BEV, HEV, and EV Commercial. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW. Request sample copy of this report at:- https://www.nextmsc.com/wireless-electric-vehicle-charging-market/request-sample North America denotes a higher adoption of the wireless electric vehicle charging and is anticipated hold the highest market share during the forecast period. This is attributable to the factors including presence of well-established infrastructure, increased inclination towards hybrid vehicles, and technological advancements. Asia Pacific is also expected to contribute the overall market growth with rapid growth rate and considerable growth in market share owing to the high fuel prices and maturation of oil wells. Furthermore, fast developing automotive industry coupled with increase in disposable income are also expected to contribute the growth of wireless electric vehicle charging market in the future. About Next Move Strategy Consulting: Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics. We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solution that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses. For more insights, please visit, https://www.nextmsc.com Read the full article

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EV Charging Cables Market 2021 Industry Outlook, Comprehensive Insights, Growth And Forecast

EV Charging Cables Market 2021 Industry Outlook, Comprehensive Insights, Growth And Forecast

The report “EV Charging Cables Market Share, Size, Trends, Industry Analysis Report, By Charging Level (Level 1, Level 2, Level 3); By Cable Length (Up to 5 Meters, 6 Meters to 10 Meters, Above 10 Meters); By Application (Public, Private); By Power Supply (Alternate, Direct); By Shape (Coiled, Straight) By Regions; Segment Forecast, 2020 – 2026” gives a detailed insight into current market…

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The global electric vehicle charging cables market generated a revenue of approximately $250 million in 2020, and it will exhibit huge expansion from 2021 to 2030, as per the estimates of P&S Intelligence, a market research firm based in India. The factors fueling the market surge are the growing deployment of electric vehicles (EVs), increasing concerns being raised over the escalating air pollution levels, and the burgeoning demand for public EV charging facilities and infrastructure.

[swanandcmiprs]

WIRELESS ELECTRIC VEHICLE CHARGING MARKET ANALYSIS (2019-2027)

Wireless electric vehicle (EV) charging uses near field charging technology, where electric vehicles are charged using resonant magnetic inductive power transfer. This technology uses components such as charging pads and power control unit where energy is transferred between base charging pads and vehicle charging pads using electromagnetic induction, which helps to charge the battery of electric vehicles. Furthermore, wireless charging is also known as inductive changing or cordless charging as it does not require any wire or cable to charge the vehicle.

Increasing demand for electric vehicles in the emerging economies such as India and China is expected to increase adoption of wireless EV charging over the forecast period.

The demand for electric vehicles is increasing in the countries such as India and China, owing to growing EV buying trend, favorable government regulation to reduce vehicle emission, and fast developing EV infrastructure, which is expected to increase demand for wireless electric vehicle charging over the forecast period. For instance, according to the Global EV Outlook, in 2018, China was the largest electric car market with 1.1 million units electric cars sold, which contributed around half of the global electric car fleet in 2018 with total number of 2.3 million electric cars.

Furthermore, government policies is expected to influence the electric vehicles market to grow in India. For instance, in March 2019, Government of India approved the second phase of “Faster Adoption and Manufacturing of Electric Vehicles in India” (FAME India) scheme, where government is expected to reduce the purchase price of hybrid and electric vehicles in India and is focusing on implementation of electric vehicles for public or shared transportation in the near future. These factors are expected to drive growth of the wireless electric vehicle charging market during the forecast period.

Moreover, high initial cost to setup wireless charging infrastructure for charging electric vehicles is the major restraining factor for global wireless EV charging market. For charging an electric vehicle wirelessly the vehicle and charging stations requires installation of vehicle charging pads and base charging pads, which are available at high price. These factors are expected to hamper market growth over the forecast period.

Wireless EV charging Market Taxonomy

On the basis of charging station type, the global wireless EV charging market is segmented into

Commercial Charging Stations

Home Charging Stations

On the basis of component, the global wireless EV charging market is segmented into

Base Charging Pad

Power Control Unit

Vehicle Charging Pad

On the basis of charging type, the global wireless EV charging market is segmented into

Dynamic Wireless Charging System

Stationary Wireless Charging System

On the basis of power supply range, the global wireless EV charging market is segmented into

3 to <11 kW

11 to 50 kW

Above 50 kW

On the basis of vehicle type, the global wireless EV charging market is segmented into

Passenger Cars (PC)

Electric Commercial Vehicle (ECV)

Electric Two Wheeler

On the basis of region, the global wireless EV charging market is segmented into

North America

Europe

Asia Pacific

Latin America

Middle East

Africa

Major players operating in the global wireless EV charging market include Bombardier Inc., Continental AG, Elix Wireless, Evatran Group Inc., Hella KGaA Hueck & Co., Qualcomm, Inc., Robert Bosch GmbH, Toshiba Corporation, Toyota Motor Corporation, Witricity Corporation, ZTE Corporation, and Hevo Power.

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[shruticmi-universe]

BATTERY MANAGEMENT SYSTEM (BMS) MARKET ANALYSIS

Battery Management System (BMS) Market, by Topologies (Distributed, Modular, and Centralized), by Components (Battery Management Unit and Communication Unit), and by Verticals (Automotive (E-Vehicles (EVs, HEVs, PHEVs, BEV, Racing vehicles and Electric Heavy Vehicles), Golf Cart, Medical Mobility Vehicles, E-Recreational Vehicles and Segways), Telecom, Energy (Grid, solar, wind, portable battery packs, energy storage systems, UPS), Drones, Consumer/Handheld (Power tools, vacuum cleaners, portable medical equipment and others)), and by Region (North America, Europe, Asia Pacific, and Latin America, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027

A battery management system (BMS) is an electronic system that governs a rechargeable battery such as battery pack or cell. This is done by supervising its state, preventing it from operating outside its safe operating area, reporting data, calculating secondary data, and controlling its environment. BMS has three main objectives namely maintaining prolong life for battery, protecting cells or battery from damage, and maintaining the battery in a state in which it can fulfill the functioning requirements. The battery management topology is divided into three categories namely

Centralized,     where a single controller is connected to the battery cells via an     assemble of wires

Modular,     where a few controllers, each supplying number of cells with communication     between controllers

Distributed,     a BMS board is connected at each cell through a single communication cable     between the controller and battery

The global battery management system (BMS) market was valued at US$ 3,513.2 Mn in 2018 and is expected to grow at a CAGR of 19.9% during the forecasted period (2019-2027)

Market Dynamics- Drivers

1.    Increasing demand for electric vehicles worldwide is expected to drive growth of the global battery management system (BMS) market during the forecast period

In the recent past, demand for electric vehicles has increased significantly, especially from Europe, North America, and Japan. This is partly due to growing fuel costs and strict regulatory polices imposed by the governments to reduce CO2 emissions. According to the International Energy Agency (IEA), in 2018, global production of electric car passenger cars crossed 5 million units. According to the same source, in 2018, around 45% of electric cars on the road were in China. Moreover, the number of charging points for EVs reached around 5.2 million in 2018. Thus, growing demand for electric and hybrid cars is expected to drive the market growth in the near future.

2.    Growing demand for e-bikes, e-scooters, and S-Pedelecs is expected to propel the global battery management (BMS) market over the forecast period

Key manufacturers in the industry are focused on investing in research and development activities, in order to enhance e-bikes technology. This is owing to increasing demand for e-scooters and e-bikes from developed countries such as Germany, France, Japan, Italy, and the U.S. Moreover, increasing disposable incomes in developed countries is expected to boost the demand for e-bikes and thereby drive the global battery management (BMS) market growth over the forecast period.   

Asia Pacific region dominated the global battery management system (BMS) market in 2018, accounting for 40.7% share in terms of value, followed by North America and Europe, respectively

Market Dynamics- Restraints

1.    Decreasing profit margin for vendors and OEMs is expected to restrain growth of the global battery management system (OEMs) market over the forecast period

Growing competition in the market coupled with pricing wars has hindered the profit margins. Moreover, OEMs in the automotive industry and telecom hold tremendous bargaining power and price dictation of battery management system. This, in turn, reduces profit margins for vendors. Furthermore, cost-sensitive markets such as ASEAN and India with intense competition among BMS providers are expected to restrain the market growth over the forecast period.

2.    Complex structure of battery is expected to hinder the global market growth over the forecast period

Some batteries available in the market have complex structures and are incompetent in performance. According to Coherent Market Insights’ analysis, BMS has technological drawbacks and cannot be incorporated with complex battery structure. This, in turn, is expected to hamper the market growth in the near future.

Market Opportunities

1.    Growing adoption of battery-operated vehicles in public transport is expected to pose excellent growth opportunities for market players

Growing CO2 emission has compelled governments of various countries to adopt battery-operated vehicles for public transport. The governmental agencies are investing in the endorsement of electric vehicles in public transport. For instance, in July 2019, the Government of India approved Phase-II of Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME-II). This, in turn, is expected to offer lucrative business opportunities for market players in the near future.

2.    Proactive initiatives by government agencies to promote use of electric vehicles is expected to offer significant growth opportunities for market players

Governments of various countries are encouraging adoption of EVs with concession on tax and subsidies. Moreover, governments are increasingly investing in installing charging stations around the country, in order to provide convince of rapid charging to EV owners. For instance, in September 2019, the government of the U.K. invested around US$ 535 million (£400m) for the country’s electric vehicle charging infrastructure, of which around US$ 267 million ((£200m) would be invested for rapid charging points. This, in turn, is expected to pose significant growth opportunities for market players during the forecast period.

Market Trends

1.    Increasing demand for BMS for E-bikes and E-vehicles

Increasing demand to reduce fuel costs and optimize vehicle efficiency has led to technological advancements for hybrid electric and electric vehicles. Key manufacturers in the market are incorporating battery management systems in e-bikes and e-vehicles, in order to increase the battery utilization capacity and prevent hazardous incidents.

2.    Long-term contract with OEMs is a major emerging trend in the market

Since there is intense competition in the market due to a large pool of manufacturers, BMS suppliers and OEMs are entering into long-term contracts. This is done to increase their market share for an extended period of time.

Segment information:

In Global battery management system (BMS) market, by vertical segment automotive sub-segment dominated the global battery management system (BMS) market in 2018, accounting for 40.4% share in terms of value, followed by energy sub-segment and Consumer/Handheld sub-segment, respectively.

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Competitive Section

Key companies operating in the global battery management system (BMS) market are AVL, Cummins, Inc., Johnson Matthey Battery Systems, L&T Technology Services, Lithium Balance Corporation, Merlin Equipment Ltd., Navitas System, LLC, Nuvation Engineering, The Ventec Company, Toshiba Corporation, TWS (Technology with Spirit), and Vecture Inc.  

Key Developments

1.    Key companies in the market are focused on gaining regulatory certification, in order to enhance their product portfolio. For instance, in September 2018, Toshiba Infrastructure Systems & Solutions Corporation announced that its BMS using SCiB lithium-ion battery received the highest safety integrity level certification from European Norm (EN) 5026 standards.

2.    Key companies in the market are focused on product launch, in order to gain competitive edge in the market. For instance, in March 2017, Nuvation Engineering introduced Nuvation Energy, a brand dedicated to providing services and products for large-scale battery energy storage.

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 Source: https://www.coherentmarketinsights.com/market-insight/battery-management-system-market-3153

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EV Charging Cables Market Booming Worldwide Opportunity, Upcoming Trends and Transformation, Growth Forecast 2026

The global EV Charging Cables market size is expected to reach USD 1,992.5 million by 2026 according to a new study by Polaris Market Research. The report “EV Charging Cables Market Share, Size, Trends, Industry Analysis Report, By Charging Level (Level 1, Level 2, Level 3); By Cable Length (Up to 5 Meters, 6 Meters to 10 Meters, Above 10 Meters); By Application (Public, Private); By Power Supply (Alternate, Direct); By Shape (Coiled, Straight) By Regions; Segment Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Governments all across the world are taking initiatives to promote the adoption of electric vehicles. Countries such as China, India, France, and the U.S. have invested significantly in the development of charging infrastructure to support market growth. Governments have also introduced stringent regulations regarding vehicular emissions to encourage the use of electric vehicles, which further drives the growth of the market. Market players are introducing technologically advanced EV charging cables in the market to appeal to a range of consumers. Innovations in the market have resulted in the launch of charging cables with reduced charge time and low overall costs. Technological advancement in terms of miniaturization and improvement of components has encouraged established organizations, and small and medium enterprises to invest in EV charging cables.

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The different charging levels used in the global market include level 1, level 2, and level 3. Level 1 is a single-phase cable that provides battery recharge through an alternating-current plug and a dedicated circuit. It does not require the installation of charging equipment. It usually requires 8 to 12 hours to completely charge a battery, and is usually used for home purposes.

On the basis of application, the market is segmented into public and private. The governments across the world are investing significantly in deployment of public charging infrastructure by subsidizing the construction of charging stations. France has declared its goal to deploy 7 million outlets by 2030 for the cars to recharge. In 2016, Korea upgraded its former target of deploying publicly accessible fast chargers from 1,400 to 3,000 by 2020 to increase the adoption of electric vehicles. Norway provides public funding for construction of fast-charging stations every 50 km on main roads. In the United Kingdom, $650 is offered for the installation of a dedicated home charger for an electric car.

The market is segmented into Alternate, and Direct Charging based on power supply. AC transforms the incoming AC and into DC, and then forwarded to the battery pack. AC stations are widespread and offer vehicle recharge at affordable rates. However, the demand for DC is increasing owing to faster charging duration. BMW has launched its BMW Digital Charging Service (DCS), which is an intelligent cost-effective service optimizing charging technology for BMW i and BMW iPerformance vehicles. After activation of DCS, the recharge process is carried out independently and autonomously. DCS is based on principles on Tariff and solar optimised vehicle recharge. On the basis of shape, the market is segmented into straight and coiled. In 2019, the straight EV charging cables dominated the global market.

Complete Summary with TOC Available @  https://www.polarismarketresearch.com/industry-analysis/ev-charging-cables

Asia Pacific emerged as the largest market in 2019 and is expected to maintain its dominance over the forecast period. Growing concerns regarding air pollution and increasing need of fuel efficient vehicles have increased the number of electric cars in countries, such as China, U.S., India, and Japan, driving the growth of market. The National Electric Mobility Mission Plan (NEMMP) 2020 in India projects sales of 6–7 million units of electric vehicles, and a subsequent fossil fuel saving of 2.2 – 2.5 million tons. This would result in considerable reduction in vehicular emissions, and decrease in carbon dioxide emissions by up to 1.5% by 2020. The increasing penetration of electric vehicles is expected to fuel development of enhanced charging infrastructure, further increasing the demand for EV charging cables.

Vendors in the global market are expanding their geographical presence and product portfolios to strengthen their presence. The developing nations of Asia-Pacific would provide significant growth opportunities in the market. Some of the major market participants include Phoenix Contact, Dyden Corporation, TE Connectivity, Coroplast, Leoni AG, BESEN International Group, Sinbon Electronics, Systems Wire and Cable, General Cable Technologies Corporation, Chengdu Khons Technology Co., Ltd., Manlon Polymers, Eland Cables, EV Teison, Aptiv Plc., and Brugg Group.

 Polaris Market research has segmented the EV Charging Cables market report on the basis of Charging Level, Cable Length, Application, Power Supply, Shape, and Region

EV Charging Cables Charging Level Outlook (Revenue, USD Million, 2015 – 2026)

Level 1

Level 2

Level 3

EV Charging Cables Cable Length Outlook (Revenue, USD Million, 2015 – 2026)

Upto 5 Meters

6 Meters to 10 Meters

Above 10 Meters

EV Charging Cables Application Outlook (Revenue, USD Million, 2015 – 2026)

Public

Private

EV Charging Cables Power Supply Outlook (Revenue, USD Million, 2015 – 2026)

Alternate

Direct

EV Charging Cables Shape Outlook (Revenue, USD Million, 2015 – 2026)

Straight

Coiled

EV Charging Cables Regional Outlook (Revenue, USD Million, 2015 – 2026)

 U.S.

 Canada

 Germany

 UK

 France

 Italy

 Spain

 RoE

 China

 India

 Japan

 South Korea

 RoAPAC

 Brazil

 Mexico

 Colombia

 RoLATAM

 Saudi Arabia

 South Africa

 Israel

 UAE

 RoMEA

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Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.

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