Electric Vehicle (EV) Charging Cable Market Report 2026

The electric vehicle (EV) charging cable market size has grown rapidly in recent years. It will grow from $1.23 billion in 2025 to $1.43 billion in 2026 at a compound annual growth rate (CAGR) of 15.6%. The growth in the historic period can be attributed to ev adoption growth, expansion of charging stations, government incentives for evs, development of level 2 charging, urban electrification projects.

The electric vehicle (EV) charging cable market size is expected to see rapid growth in the next few years. It will grow to $2.41 billion in 2030 at a compound annual growth rate (CAGR) of 14%. The growth in the forecast period can be attributed to ultra-fast charging rollout, smart grid integration, demand for durable cables, growth of commercial ev fleets, charging interoperability standards. Major trends in the forecast period include growth of fast charging infrastructure, rising demand for high-power cables, adoption of liquid-cooled cables, expansion of public charging networks, standardization of connector interfaces.

The growing adoption of electric vehicles (EVs) is expected to drive the growth of the electric vehicle (EV) charging cable market going forward. Electric vehicles are automobiles powered either entirely or partially by electricity stored in rechargeable batteries instead of internal combustion engines. The adoption of EVs is rising due to technological advancements, environmental concerns, government incentives, and decreasing costs. Electric vehicle charging cables are used to connect EVs to a power source for battery charging. For instance, in April 2023, according to the International Energy Agency, a France-based autonomous intergovernmental organization, electric car sales exceeded 10 million in 2022 and approached 14 million in 2023, with targets set to reach 35% by 2030. Therefore, the increasing adoption of electric vehicles is fueling growth in the EV charging cable market.

Major companies in the electric vehicle (EV) charging cable market are focusing on developing innovative products, such as the AC charger, to offer advanced features to customers. An AC charger provides alternating current (AC) power to charge electric vehicles, which is then converted to direct current (DC) within the vehicle to charge the battery. For example, in August 2023, Autel Energy, a US-based technology company, launched the MaxiCharger AC Ultra, an advanced EV charger designed to meet the growing demand for efficient and reliable charging solutions in commercial settings. The MaxiCharger AC Ultra can deliver up to 22 kW of power simultaneously to two vehicles, enabling rapid charging. This feature is particularly advantageous for businesses with high traffic, such as parking lots, shopping centers, and fleet operations. The charger is housed in an IP54-rated enclosure, offering protection from dust and water, making it suitable for outdoor installations. Its durable construction ensures reliability and longevity in various environmental conditions.

In October 2023, Wallbox, a Spain-based company specializing in electric vehicle (EV) charging solutions, completed the acquisition of ABL for $16.11 million (€15 million). This acquisition aligns with Wallbox's commercial strategy by expanding its product range and certifications, including compliance with German EV charging regulations (Eichrecht). It also reduces operational risk through decreased capital expenditure and research and development investments, leveraging ABL's internal component manufacturing capabilities. This strategic move enables rapid scaling of new products for market penetration. ABL GmbH, based in Germany, is known for providing electric vehicle (EV) charging solutions.

Major companies operating in the electric vehicle (ev) charging cable market report include Siemens AG, Schneider Electric SE, ABB Ltd., Aptiv Plc, Legrand S.A., Leoni AG, Phoenix Contact Ltd., Webasto Group, Huber+Suhner AG, Sinbon Electronics Co. Ltd., AeroVironment Inc., Mennekes Electrical Products, EVBox BV, Tritium DCFC Limited, Eland Cable Limited, The Besen Group, Circontrol SA, Coroplast Inc., Charge Amps AB, Dyden Corporation, AG Electrical Technology Co., Chengdu Khons Technology Co. Ltd., Teison EV, Brugg eConnect.

Asia-Pacific was the largest region in the electric vehicle (EV) charging cable market in 2025. The regions covered in the electric vehicle (ev) charging cable market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the electric vehicle (ev) charging cable market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The electric vehicle (EV) charging cable market consists of sales of direct current (DC) fast charging cables and smart charging cables. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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