Groowe Groowe BETA / Newsroom
⏱ News is delayed by 15 minutes. Sign in for real-time access. Sign in

EV Charging Cable Market to Reach $5.63 Billion by 2033 at 15.8% CAGR as High-Power DC Charging Drives Demand for Liquid-Cooled Cables

globenewswire.com
GM General Motors is mentioned as a supporter of IONNA LLC's charging network initiative, which aims to deploy ultra-fast charging bays. This indicates involvement in the growing EV infrastructure but doesn't directly reflect the company's financial performance or stock outlook. HMC Honda is mentioned as a supporter of IONNA LLC's charging network initiative. This indicates involvement in the EV charging infrastructure expansion, but no direct sentiment on the company's stock is provided. STLA Stellantis is mentioned as a supporter of IONNA LLC's charging network initiative. This indicates involvement in the EV charging infrastructure expansion, but no direct sentiment on the company's stock is provided.

EV Charging Cable Market to Reach $5.63 Billion by 2033 at 15.8% CAGR as High-Power DC Charging Drives Demand for Liquid-Cooled Cables Dublin, Oct. 01, 2026 (GLOBE NEWSWIRE) -- "EV Charging Cable Market by Power Supply, Charging Level, Application, Mode of Charging, Connector Type, Cable Length, Cable Type, Shape, Diameter, and Region - Global Forecast to 2033" has been added to ResearchAndMarkets.com's offering.

The global EV charging cable market is projected to grow from $2.01 billion in 2026 to $5.63 billion by 2033, a CAGR of 15.8%, according to the new report "EV Charging Cable Market by Power Supply, Charging Level, Application, Mode of Charging, Connector Type, Cable Length, Cable Type, Shape, Diameter, and Region – Global Forecast to 2033"

Growth is driven by investment in high-power charging infrastructure, the move by automakers to high-voltage vehicle architectures, and government-backed charger rollouts. As charging power rises, demand is moving toward cables over 20 mm in diameter and liquid-cooled high-power designs that can handle higher currents safely.

Charging network operators and automakers are also scaling their infrastructure plans. In February 2025, IONNA LLC officially launched its nationwide charging network and subsequently reaffirmed plans to deploy more than 30,000 ultra-fast charging bays across North America. The initiative is supported by BMW, General Motors, Honda, Hyundai, Kia, Mercedes-Benz and Stellantis. IONNA chargers will deliver up to 400 kW, increasing demand for high-current cable assemblies, larger conductor cross-sections and advanced thermal management.

Market Drivers: High-Power Infrastructure and High-Voltage EVs

Market Opportunities: Liquid Cooling, Megawatt Charging and Smart Cables

Market Challenges: Heat, Standards and Material Costs

Charging Infrastructure Context

The report notes that:

Market Segmentation

Key Attributes:

Company Profiled

For more information about this report visit https://www.researchandmarkets.com/r/zgy6m6

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.