Global EV Charging Cable Market to Reach USD 39.78 Billion by 2035

The global electric vehicle (EV) charging cable market is on a high-voltage growth trajectory, projected to surge from USD 2.79 billion in 2025 to an impressive USD 39.78 billion by 2035. This equates to a robust CAGR of 22.24%, driven by the booming EV adoption, supportive regulatory frameworks, and expanding charging infrastructure.

Fast-Growing Demand from Emerging Markets and Passenger EVs

Emerging markets such as India and Southeast Asia are witnessing a spike in demand for electric three-wheelers, necessitating durable, efficient charging cables suited to regional requirements. Simultaneously, the global uptrend in passenger EV sales is accelerating demand for advanced, user-friendly charging solutions.

Key Innovations Shaping the Market

Technology is revolutionizing the EV charging cable industry. Companies like TE Connectivity and Prysmian Group are introducing high-voltage, fast-charging cables that drastically cut down charging times while offering lightweight, flexible designs.

Safety and Smart Capabilities

Safety remains paramount. Innovations such as robust connectors, advanced insulation, and built-in temperature sensors are addressing overheating and fault risks. Notably, TE Connectivity’s 2024 launch of a next-gen charging cable with integrated safety tech sets a new benchmark.

Smart charging cables with IoT features are another leap forward. These allow real-time diagnostics, schedule optimization, and proactive cable health monitoring, ensuring both safety and efficiency.

Market by Segments

AC Power Supply Leads with 92% Market Share

AC charging cables are expected to maintain dominance in 2025 due to their compatibility, affordability, and support from residential infrastructure. Despite growing interest in DC fast chargers, AC remains the preferred choice for home charging.

Fast Charging Cables (7-22 kW) Capture 50.2% Share

Striking a balance between cost and speed, 7–22 kW charging cables are poised to dominate in 2025. Their practicality for daily use, especially in homes and workplaces, makes them a consumer favorite.

Market Trends

Demand for convenient, compact home-use cables rising.
Universal socket compatibility a growing focus.
Governments supporting local cable manufacturing.
Integrated tech like sensors and locking mechanisms spurring demand.
Diverse EVs (e.g., pickups, jeeps) expanding use cases.
Tax cuts and import duty relaxations making EVs—and cables—more accessible.
However, high infrastructure setup costs may temper growth in some regions.

Country-wise Analysis

United States – CAGR: 24.5%

Domestic innovation (e.g., Brooklyn-718 cable by itselectric).
Localized component manufacturing boosted by Buy American Act.

Canada – CAGR: 25.6%

Proven EV performance in harsh climates.
Growing affluence driving adoption.

Australia – CAGR: 26.9%

Climate disasters amplifying sustainability push.
Projects like Queensland Electric Super Highway supporting infrastructure.

Japan – CAGR: 29.2%

Government-led tax breaks for EVs.
Strong local automotive manufacturing base.

India – CAGR: 35.4%

Demand for shorter, convenient charging cables.
Incentives for EV firms investing USD 500 million or more.
EV Charging Cable Market

Competitive Landscape

Major companies are investing heavily in R&D to stay ahead of the curve. Innovation cycles are tightening as the technology rapidly evolves.

Recent Developments

March 2024: FLO launches EZLift cable management system.
June 2022: Kempower rolls out fast-charging system with liquid-cooled cables.
Feb 2021: Sumitomo Electric unveils lightweight DC Quick-Charger cables.

Alex Chen, Head of Product Innovation, TE Connectivity
“As EVs go mainstream, cable technology must evolve just as fast. We’re investing in safety, speed, and intelligence to shape a smarter charging future.”
Mira Desai, VP of Mobility Solutions, Prysmian Group
“Charging cables are no longer just hardware—they’re becoming intelligent tools that enable sustainable and seamless EV adoption globally.”
Kenji Yamamoto, Director of Electrification, Sumitomo Electric
“In Japan, innovation is not an option—it’s a necessity. Our ultra-light cables are built for the compact, efficient urban ecosystems of tomorrow.”

Key Manufacturers

OSRAM Licht AG
Phoenix Contact
DYDEN Corporation
Prysmian S.p.A.
TE Connectivity
Leoni AG
Aptiv
Tesla Inc.
Huber & Suhner AG
Eland Cables
Coroplast
BRUGG Group
BESEN Group

The global EV charging cable market is poised to not only grow—it’s set to transform the future of electric mobility with safer, faster, and smarter solutions, aligning with the world’s green energy goals.