Electric Vehicle (EV) Charging Cable Market Size - By Cable, By Power, By End Use, By Cable Length, By Shape, By Charging Level, By Application, By Jacket Material, By Connector, By Diameter, By Mode, Growth Forecast, 2025 – 2034

Electric Vehicle Charging Cable Market Size

The global electric vehicle charging cable market was valued at USD 1.5 billion in 2024 and is estimated to register a CAGR of 17.8% between 2025 and 2034. Increasing demand for electric vehicles is driving the market growth. According to Statista, the EV market revenue for 2025 is estimated to be over USD 828 billion all over the world. With governments and consumers moving towards electric vehicles to lower carbon emissions, the need for dependable and effective charging infrastructure is growing.
 

This generates a need for high-performance EV charging cables that support fast charging technologies. Due to the increase in electric vehicle sales, car makers, charging station operators, and governments are investing money to develop a robust charging infrastructure. Such investment is strengthening the market expansion of EV charging cables in urban as well as rural areas.
 

Policies and initiatives undertaken by governments aimed at reducing emissions of greenhouse gases and promoting greener transportation have led to the rise of electric vehicles. Across many jurisdictions, there are subsidy packages, rebates, and grants extended by governments to businesses as well as private consumers on buying electric cars (EVs) and building charging points.
 

With these regulations comes a requirement for EV charging infrastructure to be installed, resulting in a sizable market demand for compatible charging cables. With regulatory authorities implementing stricter emissions standards, the adoption of electric vehicle (EV) is bolstering the market for electric vehicle charging cables, creating growth prospects for manufacturers and infrastructure suppliers.
 

Innovations in the electric vehicle charging cable market are being propelled by progress in fast charging technologies. While EV makers and infrastructure builders strive to shorten charging durations, the need for premium, high-capacity cables that enable quicker charging without compromising safety and efficiency is on the rise. The market is being transformed by these innovations, offering a competitive edge to those players who invest in cutting-edge cable technology.
 

Electric Vehicle Charging Cable Market Trends

• One of the major trends in the electric vehicle charging cable industry is the rise in demand for household and workplace charging equipment since electric car owners are choosing to charge their cars at home or in the workplace.
   
• For instance, according to IEA, in 2024, the quantity of private chargers is almost ten times that of public chargers. Charging stations for homes and workplaces are gaining popularity, particularly due to the declining installation costs, which has allowed manufacturers to offer tailored solutions for charging cables.
   
• Wireless charging for electric vehicles is also becoming a trend in the market for charging cables. While it is in the early stages, companies are putting money into developing wireless charging systems that will make cars charge without the need for physical cables. This is a convenient factor for the customers as they do not need to plug and unplug, thus providing an easy charging process. With technology becoming more advanced, wireless charging is expected to reduce the market for traditional charging cables.
   
• The demand for charging cables that withstand the harsh weather is increasing with more electric vehicles being deployed in regions having extreme weather. Longer cable life, enhanced UV resistance, and protection against dust, water, and mechanical stress are the key objectives of the manufacturers. This is particularly true for public charging stations, where the cables must endure frequent use and outdoor exposure, and so robust cables are used to minimize maintenance expenditure and render the infrastructure more dependable.
   
• Smart charging technologies are also becoming prevalent in EV cable systems. Owing to the in-built sensors and communication protocols of these wires, dynamic charging is enabled through factors such as grid load and desired charging speeds.
   
• Cables providing real-time information on energy consumption, diagnostics, and predictive maintenance are also a part of the trend. By minimizing the waste of energy during charging sessions, this makes it possible for both operators and users to streamline the charging process, making it more efficient, cost-effective, and environmentally friendly.
   

Electric Vehicle Charging Cable Market Analysis

Based on cable, the electric vehicle charging cable market is categorised into normal, high power, and liquid-cooled high-power. The normal segment dominated the market with revenue of over USD 800 million in 2024, and high power is the fastest growing with a CAGR of around 19% between 2025-2034.
 

• Normal cables are preferred in the EV charging cable market because of their cost-effective manufacturing. Their easier manufacturing compared to other cables makes them very economical. This affordability benefits car manufacturers by providing lower installation and maintenance costs, hence ensuring mass acceptance for electric vehicles and an extensive charging framework.
   
• Normal cables have an existing infrastructure in the charging ecosystem. Their presence makes them a cheap and easy option for automotive producers and service providers, as they merely need to connect to the already existing setup and need no further amendment to accommodate the other cable standards.
   
• The fast growth of high-power cables in the EV charging cable market is because of the increased demand for quick charging solutions. According to the IEA, fast charger installations have already increased by more than 55% in 2023. High-power cables that are designed to tolerate the high voltage and current levels needed for fast charging are used to meet the increased demand for these technologies.
   
• EV's now come with high-capacity batteries, which need fast charging. High-power cables are carefully designed to accommodate greater voltages and currents required for fast charging. Fast charging aids the assurance of fast replenishment of batteries in all busy urban or commercial situations.
   

Based on power, the electric vehicle charging cable market is categorised into AC charging and DC charging. The AC charging segment dominated the market with the market share of 57.3% in 2024.
 

• AC charging is dominating the EV charging market because it is cost effective and widely available. This makes it an attractive option for automakers as it incurs low costs and therefore is a viable option for public charging stations.
   
• There is an existing market for AC charging. In 2023, AC charging stations generated over USD 15 billion in revenue, which is good evidence of its well-laid foundation and reliability in the business, making it a good choice for automakers.
   
• DC charging has a rapid expansion due to the rise in demand for fast charging.
   
• In 2024, the market for DC charging stations generated over $20 billion in revenue. Compared to traditional AC charging, DC fast charging offers drivers substantially shorter wait times, which also makes it good for public charging stations.
   
• Rise of EVs also led to the increase in the EV battery capacity. With bigger batteries, the need for fast charging solutions becomes more important. This also made DC’s fast charging ability become more attractive for the automakers.  
   

Based on shape, electric vehicle (EV) charging cable market is categorised into straight and coiled. The straight segment dominated the market in 2024.
 

• Straight cables are dominating the market because they are very easy to handle and maintain. This makes them a very straightforward option for both private and public charging stations, especially in public stations which expect high traffic.
   
• Straight cables are also durable. For ensuring reliable performance, EV automakers and infrastructure providers are opting straight cables. These installments in public charging stations become necessary because those locations need durability due to high congestion.
   
• Coiled cables are seeing rapid growth in the market due to their better space management. This makes them great for both types of charging stations, but especially for public ones where poor handling could lead to damage. These cables reduce cable clutter, making them good option for urban regions.
   
• Coiled cables are more flexible as compared to straight cables. This makes it easier for the users to charge their cars without long cable length. This is viable in both the public and private charging stations, especially in tight spaces.
   

Based on application, electric vehicle charging cable market is categorised into public and private. The private segment dominated the market with the market share of around 60% in 2024.
 

• Private charging is dominating, and the fastest growing is the EV charging cable market due to the increase in EV ownership. The global EV market is expected to generate over USD 828 billion in revenue by the end of 2025, according to Statista. As more people buy EVs, they find it convenient to charge them at home instead of public charging stations.
   
• Private charging allows users for overnight charging. This makes them an attractive choice for the consumer because it is more flexible. EV drivers don’t have to charge at public stations which have time pressure due to high congestion from multiple EV vehicles.
   
• Public charging stations give user widespread accessibility. For instance, till 2025, Tesla installed more than 60,000 Superchargers around the world. This ensures that EV users can charge their vehicles anytime they need without any anxiety.
   
• Public charging solutions have DC charging solutions, which gives them the ability to charge at high speed, which is necessary due to high traffic. Fast charging solutions at public stations help them cater to the high demand caused by multiple EV owners.
   

The Asia pacific region dominated the electric vehicle charging cable market with a major share of over 35%, with China leading the region and generating revenue of USD 249.9 million in 2024.
 

• China is leading the EV charging cable market due to strong support from their government. For instance, China has a tax exemption policy for EVs until 2027. Subsidies and tax benefits for EV automakers have also led to innovation and production in charging infrastructure and in charging cables.
   
• China has the world’s largest EV market for consumers. According to Statista, China’s EV market is expected to generate a revenue of around USD 378 billion in 2025. The high demand for EVs has caused the high demand for charging infrastructure, especially for charging cables.
   
• There is also a large amount of investment being made by the Chinese EV automakers. In 2024, for instance, Nio, a Chinese EV company, has spent more than 25% of its three months revenue in R&D. Investments in EVs lead the investments in charging stations and cables.
   
• China exports more EVs than any other country in the world. China shipped more than 1.6 million EVs in 2023, more than any other exporter in the world, according to the U.S. International Trade Commission. This also forced EV manufacturers to make investments and develop new cables and charging systems.
   

The North America region is expected to experience a CAGR of around 16% from 2025 to 2034, with the U.S leading the region.
 

• Growth in EV charging cable market for U.S. is driven by government supportive policies. For instance, in 2025, the government invested around USD 2.6 billion for charging and fueling stations. This invariably includes investment for EV charging cables.
   
• Some of the leading electric vehicle businesses in the world have their headquarters in the United States and are making significant investments in the EV industry like Tesla. For instance, about USD 4.5 billion was invested by the company for research and development purposes in 2024. Such investments also include the acquisition of electric vehicle charging stations which always come with EV charging cables.
   
• The U.S. is a huge consumer market for electric vehicles. In 2023, over 1 million electric vehicles were sold in the U.S., according to Statista. This created the demand for electric vehicle charging infrastructure, which in turn lead innovation and production for efficient electric vehicle charging stations and charging cables.
   

Europe is expected to experience steady growth from 2025 to 2034 and Germany is leading the region.
 

• EU’s is growing in the EV charging cable market because of its environment friendly and sustainability policies. For instance, EU CO2 emission standard for new vehicles, which aims to reduce its emission by 38% by 2030. This has pushed the automakers to opt for EVs and therefore increasing the market for charging cables.
   
• Germany is growing in the EV charging market because it holds the headquarters for top automakers such as Volkswagen and BMW. For example, BMW invested over USD 682 million in 2024 for its Munich factory, which will begin producing all the company's electric vehicles in 2027. With these companies heavily investing in EVs, the demand for charging cables has risen.
   

Electric Vehicle Charging Cable Market Share

• The top 3 companies of electric vehicle charging cable industry are TE Connectivity, Leoni AG, and Phoenix Contact. They collectively hold a market share of around 24% in the market.
   
• TE connectivity holds the maximum market share in the EV charging cable market. The company’s strategy is to increase its EV charging cable product portfolio by investing in its R&D. Companies’ R&D investment in 2024 was over USD 700 million. The company also has cables for both types of applications. Cables for AC charging in homes, and cables for DC charging at public charging stations.
   
• Leoni Ag is the second highest market share holder in EV charging cable market. The company has a strong focus on innovation and sustainability. In 2024, the company has estimated that its green cables and wiring system will reduce its carbon footprint by 50%, mentioning that they are using sustainability for innovation.  
   
• Pheonix contact is the third market share holder in the market. The company’s market strategy is to strengthen its position in the market by expanding its charging infrastructure. For instance, the company has expanded its units to two new locations in China in 2023, which increases its production output.
   

Electric Vehicle Charging Cable Market Companies

Major players operating in the electric vehicle charging cable industry include:

• Aptiv
• Besen International
• Brugg eConnect
• Dyden
• HUBER+SUHNER
• Leoni AG
• Mennekes Elektrotechnik
• Phoenix Contact
• Sinbon Electronics
• TE Connectivity
   

The increasing environmental issues are driving the market for sustainable manufacturing processes in the manufacture of EV charging cables. Companies focus on applying renewable resources and eco-friendly production processes, with an aim to adhere to the broader EV industry initiative of reducing carbon footprints in support of the transition to a sustainable energy source.
 

The global initiative toward cleaner mobility is driving to develop positive government policy and incentives toward the buildout of charging infrastructure, therefore having a direct correlation with EV charging cable demand. Governments within core markets such as the U.S., China, and Europe are investing highly in the installation of charging networks as well as the provision of tax credits, further supported by aggressive EV targets-both of which will ignite increasing demand for reliable, quality charging cables.
 

Electric Vehicle Charging Cable Industry News

• In February 2025, government of India introduced EV incentive policy. This policy ensures government investment of about USD 500 million over the next three years. The investment is made for setting up manufacturing plants for electric vehicles in India.
   
• In February 2025, the total number of public charging stations in Europe has crossed 1 million, with Netherlands leading the region with 175 thousand charging points. This trend suggests that the region will reach 2 million by 2029.
   
• In February 2025, TE connectivity acquired Richard Manufacturing, which deals with gas and electrical equipment. The deal was made for USD 2.3 billion and is done to maintain TE connectivity’s market share in the EV market, especially in EV charging cables.
   
• In February 2025, Tata motors announced its Tata EV Mega charger network in India. The company is establishing the network by partnering with 3 other companies: Zeon, Charge Zone and Statiq. The project’s aim is to install more than 400 thousand fast charging for EV by 2027.
   

The electric vehicle (EV) charging cable market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue ($Bn) and shipment (Units) from 2021 to 2034, for the following segments:

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Market, By Cable

• Normal
• High power
• Liquid-cooled high power

Market, By Power

• AC charging
• DC charging

Market, By Cable Length

• Below 5 meters
• 6-10 meters
• Above 10 meters

Market, By Shape

• Straight
• Coiled

Market, By Charging Level

• Level 1
• Level 2
• Level 3

Market, By Application

• Public
• Private

Market, By Jacket Material

• All rubber
• Thermoplastic Elastomer (TPE)
• Polyvinyl Chloride (PVC)

Market, By Connector

• Type 1
• Type 2
• CCS1
• CCS2
• CHAdeMO
• GB/T
• NACS/TESLA Connectors

Market, By Diameter

• 10 mm
• 10-20 mm
• 20 mm

Market, By Mode

• Mode 1 & 2
• Mode 3
• Mode 4

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Nordics
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Southeast Asia 
• Latin America
  • Brazil
  • Mexico
  • Argentina 
• MEA
  • UAE
  • South Africa
  • Saudi Arabia