Asia Pacific EV Charging Cables Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type ( Private and Public ), Power Supply Type ( Alternate Charging and Direct Charging ), Cable Length ( 2 Meters to 5 Meters, 6 Meters to 10 Meters, and Above 10 Meters ), Charging Level ( Level 1, Level 2, and Level 3 ), and Jacket Material ( All-Rubber Jacket, Thermoplastic Elastomer (TPE) Jacket, and Polyvinyl Chloride (PVC) Jacket)
Market Introduction
Asia Pacific has surfaced as the leading and fastest-growing region in the global automobile manufacturing space due to extensive manufacturing facilities in China, India, and Japan; a massive consumer base; and the presence of key market players. China is the largest market for electric vehicles in Asia Pacific, with the high dominance of charging stations. The EV charging cables market in the region is mainly driven by the increasing production of electric vehicles and the upgradation of technologies. Innovations by vehicle manufacturing companies and investments by government agencies have boosted the auto production in Asia Pacific, propelling the demand for electric vehicles. Development of megachargers to facilitate long-distance trucking is the major factor driving the growth of the APAC EV charging cable market.
Except few developed countries like Japan and Singapore, Asia Pacific region is still considered to be in developing state. The developing countries do not have required health infrastructure and this was the main reason that led to the increase in the count of recorded cases in 2020. As per the Organization for Economic Co-operation and Development (OECD), the pandemic has affected significant economies such as India, Australia and Japan to some extent. Due to inadequate health and medicine facilities, government authorities had to impose restrictions of limited workforce at production sites. In China, where the electric vehicle share was higher than in Europe throughout 2019, sales have slightly decreased to around 4.2% during the first half of 2020. An underlying reason might be the reduction in purchase premiums for electric vehicles in China. As in China COVID-19 have negatively impacted on the green energy sector, including renewable energy sources, battery energy storage, electric vehicles (EVs), and renewable heating and cooling. Moreover, falling costumer demands due to low labour movement will affect the market growth. Even Tesla’s Gigafactory in Shanghai has hinted of possible supply shortages for the US, UK and Australia. And this supply constraint also has an negative impact on the global EV Charging cable markets along with energy storage projects, causing project delays or rises in cost.
Market Overview and Dynamics
The EV charging cables market in APAC is expected to grow from US$ 207.18 million in 2021 to US$ 1,725.15 million by 2028; it is estimated to grow at a CAGR of 35.4% from 2021 to 2028. Automobile sales are reaching new heights due to the growing popularity of trucks and SUVs and the rising demand for compact sedans. Toyota, Hyundai, Nissan, Subaru, and Kia reported sales increases in the double digits. In 2020, 78 million vehicles were produced .With such huge vehicle manufacturing volumes, the scope of electric vehicle (EV) manufacturing is also gaining momentum. Also, few OEMs aim to reconfigure their product lines to manufacture only electric vehicles. In the first trimester of 2021, Volvo declared selling of only electric cars from 2030. Many countries in the world have set objectives emphasizing reducing car emissions. As a part of this, they have begun to promote the production and marketing of electric vehicles and related charging infrastructure. Thus, the surge in automotive production, with the growing focus on electric vehicles, is bolstering the EV charging cables market growth.
Key Market Segments
The APAC EV charging cables market has been segmented based on type, power supply type, cable length, charging level, jacket material, and country. Based on type, the APAC EV charging cables market is segmented into private charging and public charging. The private segment dominated the market in 2020 and public segment is expected to be the fastest growing during the forecast period. Based on power supply type, the market is segmented into alternate charging and direct charging. The alternate charging segment dominated the market in 2020 and direct charging segment is expected to be the fastest growing during the forecast period. Based on cable length, the market is segmented into 2 metres to 5 metres, 6 metres to 10 metres, and above 10 metres. The 2 metres to 5 metres segment dominated the market in 2020 and 6 metres to 10 metres is expected to be the fastest growing during the forecast period. Based on charging level, the EV charging cables market is segmented into level 1, level 2, and level 3. The level 2 dominated the market in 2020 and level 3 segment is expected to be the fastest growing during the forecast period. In terms of jacket material, the EV charging cables market is segmented into all-rubber jacket, thermoplastic elastomer jacket, polyvinyl chloride jacket. All rubber segment dominated the market in 2020 and segment is expected to be the fastest growing during the forecast period.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on EV charging cables market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Aptiv PLC; BESEN INTERNATIONAL GROUP; Coroplast Group; DYDEN CORPORATION; EV TEISON; General Cable Technologies Corporation; Phoenix Contact E-Mobility; SINBON Electronics Co., Ltd.; and TE Connectivity Corporation are among others.
Reasons to buy report
- To understand the APAC EV charging cables market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC EV charging cables market
- Efficiently plan M&A and partnership deals in APAC EV charging cables market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC EV charging cables market
- Obtain market revenue forecast for market by various segments from 2021-2028 in APAC region.
APAC EV Charging Cables Market Segmentation
APAC EV Charging Cables Market –By Type
- Public
- Private
APAC EV Charging Cables Market –By Power Supply Type
- Alternate Charging
- Direct Charging
APAC EV Charging Cables Market –By Cable Length
- 2 -5 metres
- 6 -10 metres
- >10 metres
APAC EV Charging Cables Market –By Charging Level
- Hospitals
- Ambulatory Surgical Centers
- Clinics
APAC EV Charging Cables Market –By Jacket Material
- Level 1
- Level 2
- Level 3
APAC EV Charging Cables Market -By Country
- China
- Japan
- South Korea
- India
- Rest of APAC
APAC EV Charging Cables Market -Company Profiles
- Aptiv PLC
- BESEN INTERNATIONAL GROUP
- Coroplast Group
- DYDEN CORPORATION
- EV TEISON
- General Cable Technologies Corporation
- Phoenix Contact E-Mobility
- SINBON Electronics Co., Ltd.
- TE Connectivity Corporation
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. APAC EV Charging Cables Market Landscape
4.1 Market Overview
4.2 APAC PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. APAC EV Charging Cables Market- Key Market Dynamics
5.1 Market Drivers
5.1.1 Soaring EV Vehicle Production
5.1.2 Surge in EV Charging Facilities
5.2 Market Restraints
5.2.1 Higher Cost of Charging Stations
5.3 Market Opportunities
5.3.1 Development of Mega chargers to Facilitate Long-Distance Trucking
5.4 Future Trends
5.4.1 Advent of E-Mobility and Advanced Charging Technologies
5.5 Impact Analysis of Drivers and Restraints
6. EV Charging Cables Market – APAC Analysis
6.1 EV Charging Cables Market Overview
6.2 EV Charging Cables Market –Revenue and Forecast to 2028 (US$ Million)
7. APAC EV Charging Cables Market – By Type
7.1 Overview
7.2 EV Charging Cables Market, by Type (2020 and 2028)
7.3 Private Charging
7.3.1 Overview
7.3.2 Private Charging: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Public Charging
7.4.1 Overview
7.4.2 Public Charging: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
8. APAC EV Charging Cables Market – By Power Supply Type
8.1 Overview
8.2 EV Charging Cables Market, by Power Supply Type (2020 and 2028)
8.3 Alternate Charging
8.3.1 Overview
8.3.2 Alternate Charging: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Direct Charging
8.4.1 Overview
8.4.2 Direct Charging: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
9. APAC EV Charging Cables Market Analysis – By Cable Length
9.1 Overview
9.2 EV Charging Cables Market, By Cable Length (2020 and 2028)
9.3 2 Metres to 5 Metres
9.3.1 Overview
9.3.2 2 Metres to 5 Metres: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
9.4 6 Metres to 10 Metres
9.4.1 Overview
9.4.2 6 Metres to 10 Metres: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Above 10 Metres
9.5.1 Overview
9.5.2 Above 10 Metres: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
10. APAC EV Charging Cables Market – By Charging Level
10.1 Overview
10.2 EV Charging Cables Market, by Charging Level (2020 and 2028)
10.3 Level 1
10.3.1 Overview
10.3.2 Level 1: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
10.4 Level 2
10.4.1 Overview
10.4.2 Level 2: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
10.5 Level 3
10.5.1 Overview
10.5.2 Level 3: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
11. APAC EV Charging Cables Market – By Jacket Material
11.1 Overview
11.2 EV Charging Cables Market, by Jacket Material (2020 and 2028)
11.3 All-Rubber Jacket
11.3.1 Overview
11.3.2 All-Rubber Jacket: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
11.4 Thermoplastic Elastomer (TPE) Jacket
11.4.1 Overview
11.4.2 TPE Jacket: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
11.5 Polyvinyl Chloride (PVC) Jacket
11.5.1 Overview
11.5.2 PVC Jacket: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
12. APAC EV Charging Cables Market – Country Analysis
12.1 Overview
12.1.1 Asia Pacific: EV Charging Cables Market, by Key Country
12.1.1.1 China: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
12.1.1.1.1 China: EV Charging Cables Market, by Type
12.1.1.1.2 China: EV Charging Cables Market, by Power Supply Type
12.1.1.1.3 China: EV Charging Cables Market, by Cable Length
12.1.1.1.4 China: EV Charging Cables Market, by Charging Level
12.1.1.1.5 China: EV Charging Cables Market, by Jacket Material
12.1.1.2 India: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
12.1.1.2.1 India: EV Charging Cables Market, by Type
12.1.1.2.2 India: EV Charging Cables Market, by Power Supply Type
12.1.1.2.3 India: EV Charging Cables Market, by Cable Length
12.1.1.2.4 India: EV Charging Cables Market, by Charging Level
12.1.1.2.5 India: EV Charging Cables Market, by Jacket Material
12.1.1.3 Japan: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
12.1.1.3.1 Japan: EV Charging Cables Market, by Type
12.1.1.3.2 Japan: EV Charging Cables Market, by Power Supply Type
12.1.1.3.3 Japan: EV Charging Cables Market, by Cable Length
12.1.1.3.4 Japan: EV Charging Cables Market, by Charging Level
12.1.1.3.5 Japan: EV Charging Cables Market, by Jacket Material
12.1.1.4 South Korea: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
12.1.1.4.1 South Korea: EV Charging Cables Market, by Type
12.1.1.4.2 South Korea: EV Charging Cables Market, by Power Supply Type
12.1.1.4.3 South Korea: EV Charging Cables Market, by Cable Length
12.1.1.4.4 South Korea: EV Charging Cables Market, by Charging Level
12.1.1.4.5 South Korea: EV Charging Cables Market, by Jacket Material
12.1.1.5 Rest of Asia Pacific: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
12.1.1.5.1 Rest of Asia Pacific: EV Charging Cables Market, by Type
12.1.1.5.2 Rest of Asia Pacific: EV Charging Cables Market, by Power Supply Type
12.1.1.5.3 Rest of Asia Pacific: EV Charging Cables Market, by Cable Length
12.1.1.5.4 Rest of Asia Pacific: EV Charging Cables Market, by Charging Level
12.1.1.5.5 Rest of Asia Pacific: EV Charging Cables Market, by Jacket Material
13. APAC EV Charging Cables Market- COVID-19 Impact Analysis
13.1 Overview
14. Industry Landscape
14.1 Overview
14.2 Market Initiative
14.3 New Product Launch
14.4 Merger and Acquisition
15. Company Profiles
15.1 Coroplast Group
15.1.1 Key Facts
15.1.2 Business Description
15.1.3 Products and Services
15.1.4 Financial Overview
15.1.5 SWOT Analysis
15.1.6 Key Developments
15.2 SINBON Electronics Co., Ltd.
15.2.1 Key Facts
15.2.2 Business Description
15.2.3 Products and Services
15.2.4 Financial Overview
15.2.5 SWOT Analysis
15.2.6 Key Developments
15.3 TE Connectivity Corporation
15.3.1 Key Facts
15.3.2 Business Description
15.3.3 Products and Services
15.3.4 Financial Overview
15.3.5 SWOT Analysis
15.3.6 Key Developments
15.4 Phoenix Contact E-Mobility
15.4.1 Key Facts
15.4.2 Business Description
15.4.3 Products and Services
15.4.4 Financial Overview
15.4.5 SWOT Analysis
15.4.6 Key Developments
15.5 BESEN INTERNATIONAL GROUP
15.5.1 Key Facts
15.5.2 Business Description
15.5.3 Products and Services
15.5.4 Financial Overview
15.5.5 SWOT Analysis
15.5.6 Key Developments
15.6 DYDEN CORPORATION
15.6.1 Key Facts
15.6.2 Business Description
15.6.3 Products and Services
15.6.4 Financial Overview
15.6.5 SWOT Analysis
15.6.6 Key Developments
15.7 EV TEISON
15.7.1 Key Facts
15.7.2 Business Description
15.7.3 Products and Services
15.7.4 Financial Overview
15.7.5 SWOT Analysis
15.7.6 Key Developments
15.8 General Cable Technologies Corporation
15.8.1 Key Facts
15.8.2 Business Description
15.8.3 Products and Services
15.8.4 Financial Overview
15.8.5 SWOT Analysis
15.8.6 Key Developments
15.9 Aptiv PLC
15.9.1 Key Facts
15.9.2 Business Description
15.9.3 Products and Services
15.9.4 Financial Overview
15.9.5 SWOT Analysis
15.9.6 Key Developments
16. Appendix
16.1 About the Insight Partners
16.2 Word Index
LIST OF TABLES
Table 1. APAC EV Charging Cables Market – Revenue, and Forecast to 2028 (US$ Million)
Table 2. Asia Pacific: EV Charging Cables Market Revenue Share, by Key Country (2020 and 2028)
Table 3. China: EV Charging Cables Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. China: EV Charging Cables Market, by Power Supply Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. China: EV Charging Cables Market, by Cable Length – Revenue and Forecast to 2028 (US$ Million)
Table 6. China: EV Charging Cables Market, by Charging Level – Revenue and Forecast to 2028 (US$ Million)
Table 7. China: EV Charging Cables Market, by Jacket Material – Revenue and Forecast to 2028 (US$ Million)
Table 8. India: EV Charging Cables Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. India: EV Charging Cables Market, by Power Supply Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. India: EV Charging Cables Market, by Cable Length – Revenue and Forecast to 2028 (US$ Million)
Table 11. India: EV Charging Cables Market, by Charging Level – Revenue and Forecast to 2028 (US$ Million)
Table 12. India: EV Charging Cables Market, by Jacket Material – Revenue and Forecast to 2028 (US$ Million)
Table 13. Japan: EV Charging Cables Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 14. Japan: EV Charging Cables Market, by Power Supply Type – Revenue and Forecast to 2028 (US$ Million)
Table 15. Japan: EV Charging Cables Market, by Cable Length – Revenue and Forecast to 2028 (US$ Million)
Table 16. Japan: EV Charging Cables Market, by Charging Level – Revenue and Forecast to 2028 (US$ Million)
Table 17. Japan: EV Charging Cables Market, by Jacket Material – Revenue and Forecast to 2028 (US$ Million)
Table 18. South Korea: EV Charging Cables Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 19. South Korea: EV Charging Cables Market, by Power Supply Type – Revenue and Forecast to 2028 (US$ Million)
Table 20. South Korea: EV Charging Cables Market, by Cable Length – Revenue and Forecast to 2028 (US$ Million)
Table 21. South Korea: EV Charging Cables Market, by Charging Level – Revenue and Forecast to 2028 (US$ Million)
Table 22. South Korea: EV Charging Cables Market, by Jacket Material – Revenue and Forecast to 2028 (US$ Million)
Table 23. Rest of Asia Pacific: EV Charging Cables Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 24. Rest of Asia Pacific: EV Charging Cables Market, by Power Supply Type – Revenue and Forecast to 2028 (US$ Million)
Table 25. Rest of Asia Pacific: EV Charging Cables Market, by Cable Length – Revenue and Forecast to 2028 (US$ Million)
Table 26. Rest of Asia Pacific: EV Charging Cables Market, by Charging Level – Revenue and Forecast to 2028 (US$ Million)
Table 27. Rest of Asia Pacific: EV Charging Cables Market, by Jacket Material – Revenue and Forecast to 2028 (US$ Million)
Table 28. List of Abbreviation
LIST OF FIGURES
Figure 1. APAC EV Charging Cables Market Segmentation
Figure 2. APAC EV Charging Cables Market Segmentation – By Country
Figure 3. APAC EV Charging Cables Market Overview
Figure 4. Private Charging Segment Held the Largest Market Share in 2020
Figure 5. Alternate Charging Cables Held the Largest Market Share in 2020
Figure 6. China to Show Significant Growth During Forecast Period
Figure 7. APAC – PEST Analysis
Figure 8. EV Charging Cables Market– Ecosystem Analysis
Figure 9. Expert Opinion
Figure 10. APAC EV Charging Cables Market Impact Analysis of Drivers and Restraints
Figure 11. APAC EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. APAC EV Charging Cables Market Revenue Share, by Type (2020 and 2028)
Figure 13. APAC Private Charging: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. APAC Public Charging: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. APAC EV Charging Cables Market Revenue Share, by Power Supply Type (2020 and 2028)
Figure 16. APAC Alternate Charging: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. APAC Direct Charging: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. APAC EV Charging Cables Market Revenue Share, by Cable Length (2020 and 2028)
Figure 19. APAC 2 Metres to 5 Metres: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. APAC 6 Metres to 10 Metres: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. APAC Above 10 Metres: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. APAC EV Charging Cables Market Revenue Share, by Charging Level (2020 and 2028)
Figure 23. APAC Level 1: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. APAC Level 2: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. APAC Level 3: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. APAC EV Charging Cables Market Revenue Share, by Jacket Material (2020 and 2028)
Figure 27. APAC All-Rubber Jacket: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. APAC TPE Jacket: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. APAC PVC: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Asia Pacific: EV Charging Cables Market, by Key Country-Revenue 2020 (US$ Million)
Figure 31. Asia Pacific: EV Charging Cables Market Revenue Share, by Key Country (2020 and 2028)
Figure 32. China: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. India: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Japan: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. South Korea: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. Rest of Asia Pacific: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. Impact of COVID-19 Pandemic in APAC Country Markets
- Aptiv PLC
- BESEN INTERNATIONAL GROUP
- Coroplast Group
- DYDEN CORPORATION
- EV TEISON
- General Cable Technologies Corporation
- Phoenix Contact E-Mobility
- SINBON Electronics Co., Ltd.
- TE Connectivity Corporation
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC EV Charging Cables market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the APAC EV Charging Cables market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the EV Charging Cables market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution