Why are Sales of EV Charging Cables Booming in Asia-Pacific?

With the growing deployment of electric vehicles, many technological advancements and innovations have been made in electric vehicle charging cables such as electric vehicle identification through power lines, advent of type-2 connector plugs, better charging control, high security, dynamic load management, and integration between electric vehicle charging and existing payment systems.

These advancements have massively augmented the sales of charging cables, which have, in turn, propelled the growth of the market all over the world. Furthermore, many electric vehicle charging cables market players such as TE Connectivity Ltd., PHOENIX CONTACT GmbH & Co. KG., Leoni AG, and BESEN-Group are focusing on taking strategic measures like launching partnerships and mergers, in order to improve the quality of the charging cables in terms of durability and charging speed and cater to requirements of customers.


 For example, AMPLY Power entered into a partnership with BYD Co. Ltd. in November 2019. This was done to develop electric vehicle charging infrastructure and provide end-to-end services such as utility interconnections and operational upgrades, debt financing and funding, and optimal charging strategies based on duty cycle and drive cycle, to various fleet operators.

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Across the world, Asia-Pacific dominated the electric vehicle charging cables market in 2020, as per the findings of the market research company, P&S Intelligence. This was because of the expansion of the EV industry in China, South Korea, and Japan. Hence, it can be said without any hesitation that the demand for electric vehicle charging cables will explode in the coming years, primarily because of the growing deployment of electric vehicles across the world.

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