North America 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
The EV charging cable market in North America is segmented into the US, Canada, and Mexico. The rising adoption of electric vehicles has gained traction in the regions due to increasing fuel prices as electric vehicles act as a substitute for petrol and diesel vehicles and are powered by lithium-ion batteries that offer a hybrid charging facility. According to the International Energy Agency (IEA), nearly 1.8 million EVs were registered in the US as of 2020, more than three times as many as in 2016. Moreover, favorable government initiatives, subsidies, and tax rebate programs to promote EV adoption would drive the EV charging cable market growth. For instance, in the US after April 23, 2021, qualified applicants would be provided a rebate from the State of California under the Clean Vehicle Rebate Project (CVRP. After meeting the eligibility requirements, the applicants would be eligible to receive cashback on a new electric vehicle based on the selected type. The applicant will receive a cashback of US$ 2,000 on the purchase of a new battery electric vehicle and US$ 1,000 on the purchase of a new plug-in hybrid electric vehicle. Increase in EV vehicle production is the major factor driving the growth of the North America EV charging cable market.
North America is one of the most prominent regions with respect to the adoption of EV charging cables. Demand for EV charging cables is relatively high in countries such as the United States, Canada and Mexico. But the COVID-19 pandemic negatively impacted the North America EVs market growth in 2020. According to the data published by Electric Mobility Canada (EMC), the electric vehicle sales in Canada witnessed a decline in the second quarter of 2020, with only over 8,000 units sold between April and June. The results represent a drop of over 50% from the units sold during the same period in 2019. However, the overall sales of electric passenger cars and light trucks in Canada remained the same in 2020 compared to 2019. This decline in sales of EV has negatively impacted the growth of the EV charging cable market. Moreover, low demand for oil—and bottomed-out oil prices—make ICE vehicles cheaper than EVs to operate in the United States, since gasoline taxes are relatively low compared with those of most other countries. Recent regulatory changes are also stymieing the large-scale adoption of EVs in the United States. The US federal government plans to decrease the fuel-economy standard to 40.4 miles per gallon by 2026 and is relaxing CO2-emission targets. Although some states have adopted a stricter low-emission standard, such as the one in California, the current regulatory environment will provide fewer incentives for purchasing or manufacturing EVs.
Get more information on this report : 
Market Overview and Dynamics
The EV charging cables market in North America is expected to grow from US$ 59.40 million in 2021 to US$ 705.46 million by 2028; it is estimated to grow at a CAGR of 42.4% from 2021 to 2028. In the era of continuous technological developments, the scope of EV charging stations is also getting transformed. Many charging station OEMs are taking steps to overcome the challenges of electric vehicles charging at long routes. The new Marg charger network will be constructed at specific pre-identified stops that long-haul drivers utilize as their resting points. The company is working for it’s first-ever Mega charger installed at the Frito-Lay delivery center in Modesto, California. Such projects for deploying EV charging stations at the long route/national highways will positively impact the market growth.
Key Market Segments
The North America 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 North America 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 North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Aptiv PLC; Coroplast Group; General Cable Technologies Corporation; Phoenix Contact E-Mobility; SINBON Electronics Co., Ltd.; System Wire and Cable; and TE Connectivity Corporation are among others.
Reasons to buy report
- To understand the North America 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 North America EV charging cables market
- Efficiently plan M&A and partnership deals in North America 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 North America EV charging cables market
- Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.
North America EV Charging Cables Market Segmentation
North America EV Charging Cables Market –By Type
- Public
- Private
North America EV Charging Cables Market –By Power Supply Type
- Alternate Charging
- Direct Charging
North America EV Charging Cables Market –By Cable Length
- 2 -5 metres
- 6 -10 metres
- >10 metres
North America EV Charging Cables Market –By Charging Level
- Hospitals
- Ambulatory Surgical Centers
- Clinics
North America EV Charging Cables Market –By Jacket Material
- Level 1
- Level 2
- Level 3
North America EV Charging Cables Market -By Country
- US
- Canada
- Mexico
North America EV Charging Cables Market -Company Profiles
- Aptiv PLC
- Coroplast Group
- General Cable Technologies Corporation
- Phoenix Contact E-Mobility
- SINBON Electronics Co., Ltd.
- System Wire and Cable
- 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. North America EV Charging Cables Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.2.1 North America – PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America EV Charging Cables Market- Key Market Dynamics
5.1 Market Drivers
5.1.1 Increase in EV Vehicle Production
5.1.2 Rise 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 Emergence of E-Mobility and Advanced Charging Technologies
5.5 Impact Analysis of Drivers and Restraints
6. EV Charging Cables Market – North America Analysis
6.1 EV Charging Cables Market Overview
6.2 EV Charging Cables Market –Revenue and Forecast to 2028 (US$ Million)
7. North America 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. North America 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. North America 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. North America 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. North America 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. North America EV Charging Cables Market – Country Analysis
12.1 Overview
12.1.1 North America: EV Charging Cables Market, by Key Country
12.1.1.1 US: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
12.1.1.1.1 US: EV Charging Cables Market, by Type
12.1.1.1.2 US: EV Charging Cables Market, by Power Supply Type
12.1.1.1.3 US: EV Charging Cables Market, by Cable Length
12.1.1.1.4 US: EV Charging Cables Market, by Charging Level
12.1.1.1.5 US: EV Charging Cables Market, by Jacket Material
12.1.1.2 Canada: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
12.1.1.2.1 Canada: EV Charging Cables Market, by Type
12.1.1.2.2 Canada: EV Charging Cables Market, by Power Supply Type
12.1.1.2.3 Canada: EV Charging Cables Market, by Cable Length
12.1.1.2.4 Canada: EV Charging Cables Market, by Charging Level
12.1.1.2.5 Canada: EV Charging Cables Market, by Jacket Material
12.1.1.3 Mexico: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
12.1.1.3.1 Mexico: EV Charging Cables Market, by Type
12.1.1.3.2 Mexico: EV Charging Cables Market, by Power Supply Type
12.1.1.3.3 Mexico: EV Charging Cables Market, by Cable Length
12.1.1.3.4 Mexico: EV Charging Cables Market, by Charging Level
12.1.1.3.5 Mexico: EV Charging Cables Market, by Jacket Material
13. North America 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 General Cable Technologies Corporation
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 System Wire and Cable
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 Aptiv PLC
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
16. Appendix
16.1 About the Insight Partners
16.2 Word Index
LIST OF TABLES
Table 1. North America EV Charging Cables Market – Revenue, and Forecast to 2028 (US$ Million)
Table 2. North America: Electric Vehicle Charging Cable Market Revenue Share, by Key Country (2020 and 2028)
Table 3. US: EV Charging Cables Market, by Type –Revenue and Forecast to 2028 (US$ Million)
Table 4. US: EV Charging Cables Market, by Power Supply Type –Revenue and Forecast to 2028 (US$ Million)
Table 5. US: EV Charging Cables Market, by Cable Length –Revenue and Forecast to 2028 (US$ Million)
Table 6. US: EV Charging Cables Market, by Charging Level–Revenue and Forecast to 2028 (US$ Million)
Table 7. US: EV Charging Cables Market, by Jacket Material –Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada: EV Charging Cables Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada: EV Charging Cables Market, by Power Supply Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada: EV Charging Cables Market, by Cable Length –Revenue and Forecast to 2028 (Canada$ Million)
Table 11. Canada: EV Charging Cables Market, by Charging Level–Revenue and Forecast to 2028 (Canada$ Million)
Table 12. Canada: EV Charging Cables Market, by Jacket Material –Revenue and Forecast to 2028 (Canada$ Million)
Table 13. Mexico: EV Charging Cables Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 14. Mexico: EV Charging Cables Market, by Power Supply Type – Revenue and Forecast to 2028 (US$ Million)
Table 15. Mexico: EV Charging Cables Market, by Cable Length –Revenue and Forecast to 2028 (US$ Million)
Table 16. Mexico: EV Charging Cables Market, by Charging Level–Revenue and Forecast to 2028 (Mexico$ Million)
Table 17. Mexico: EV Charging Cables Market, by Jacket Material –Revenue and Forecast to 2028 (Mexico$ Million)
Table 18. List of Abbreviation
LIST OF FIGURES
Figure 1. North America EV Charging Cables Market Segmentation
Figure 2. North America EV Charging Cables Market Segmentation – By Country
Figure 3. North America 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. US to Show Significant Growth During Forecast Period
Figure 7. North America – PEST Analysis
Figure 8. EV Charging Cables Market– Ecosystem Analysis
Figure 9. Expert Opinion
Figure 10. EV Charging Cables Market Impact Analysis of Drivers and Restraints
Figure 11. North America EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. North America EV Charging Cables Market Revenue Share, by Type (2020 and 2028)
Figure 13. North America Private Charging: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. North America Public Charging: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. North America EV Charging Cables Market Revenue Share, by Power Supply Type (2020 and 2028)
Figure 16. North America Alternate Charging: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Direct Charging: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. North America EV Charging Cables Market Revenue Share, by Cable Length (2020 and 2028)
Figure 19. North America 2 Metres to 5 Metres: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. North America 6 Metres to 10 Metres: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. North America Above 10 Metres: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. North America EV Charging Cables Market Revenue Share, by Charging Level (2020 and 2028)
Figure 23. North America Level 1: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. North America Level 2: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. North America Level 3: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. North America EV Charging Cables Market Revenue Share, by Jacket Material (2020 and 2028)
Figure 27. North America All-Rubber Jacket: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. North America TPE Jacket: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. North America PVC: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. North America: EV Charging Cables, by Key Country-Revenue 2020 (US$ Million)
Figure 31. North America: EV Charging Cables Market Revenue Share, by Key Country (2020 and 2028)
Figure 32. US: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Canada: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Mexico: EV Charging Cables Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Impact of COVID-19 Pandemic in North American Country Markets
- Aptiv PLC
- Coroplast Group
- General Cable Technologies Corporation
- Phoenix Contact E-Mobility
- SINBON Electronics Co., Ltd.
- System Wire and Cable
- TE Connectivity Corporation
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America 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 North America 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 North America 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