It is estimated to grow at a CAGR of 38. 0% from 2022 to 2028. The EV charging cables market analysis for the Rest of the World includes the study of markets in Asia Pacific, the Middle East & Africa (MEA), and South America.

New York, Aug. 25, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "EV Charging Cables Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Application, Power Type, Cable Length, Charging Level, Jacket Material , Shape, Charging Cable Type, and IEC Mode" - https://www.reportlinker.com/p06316353/?utm_source=GNW Asia Pacific is a leading and fastest-growing region in terms of automobile manufacturing due to extensive manufacturing facilities present in China, India, and Japan; the presence of a massive consumer base; and the operations of key automotive players in the region. Thus, the EV charging cables market in the region is mainly driven by surging EV production capacities and technological advancements.China is the largest market for EVs in Asia Pacific, with the predominance of charging stations. The country has numerous publicly owned (more than privately owned ones) EV charging stations that can charge the majority of non-proprietary electric vehicle on the road. For instance, according to the revelations of the China Electric Vehicle Charging Infrastructure Promotion Alliance (EVCIPA) report, the country successfully built 87,000 new public EV charging stations in just a month of May 2022, which resulted in a 60.5% increase compared to the number reported in 2021. China, South Korea, and Japan are among the major countries generating vast EV demand in Asia Pacific, which is impacting the EV charging cables market.In addition to these three, India and Singapore are likely to contribute to an exponential rise in EV sales in Asia Pacific in the coming years. In recent years, concerns about environmental safety have received huge attention in the region.Therefore, OEMs are focusing on introducing energy-efficient technologies to reduce CO2 emissions. The manufacturers in the EV charging cables market are investing in developing products with greater fuel efficiencies and specific outputs.Focus on ruling out the dependency on petrol and diesel and government incentives promoting the use of EVs are two major factors bolstering EV manufacturing and sales in Asia Pacific. According to the market research study as reported by International Energy Agency IEA, the sales of EVs in Asia surged by ~75% in 2021. In 2030, the total annual EV sales in Asia would attain the peak of ~10.9 million units, up from a predicted sales volume of more than 1.4 million units in 2029. According to the International Energy Agency’s (IEA) Global EV Outlook 2021, China had the largest fleet of 4.5 million electric cars in 2020. A report published in May 2022 states that India is projected to witness ~48,000 more EV charging points owing to the investment of around US$ 150 million (~INR 14,000 crore) over the next 3–4 years. According to a report by the ICRA, a domestic credit rating agency, as EV penetration grows in the two-wheeler, three-wheeler, and bus segments, the charging infrastructure would further increase in Asia Pacific in the coming years. Further, electric two-wheelers would account for ~13–15% of the total new vehicle sales by FY2025, while electric three-wheelers and e-buses would account for more than 30% and 8–10%, respectively, by FY2025. India currently has less than 2,000 public charging stations, with the majority of them located in only a few states and mostly in urban areas. Such developments from the economically developed regions are contributing to the growth of the EV charging cables market. Impact of COVID-19 pandemic on EV Charging Cables Market Size Except a few developed countries, including Japan and Singapore, Asia Pacific is still considered to be in developing state.The developing countries do not have required health infrastructure, and this was the main reason that led to the increase in the count of recorded cases in 2020. As per the Organization for Economic Co-operation and Development (OECD), the COVID-19 pandemic has affected significant economies, such as India, Australia, and Japan.Due to inadequate health and medicine facilities, government authorities had to impose restrictions regarding limited workforce at production sites. In China, where the electric vehicle share was higher than in Europe throughout 2019, sales have slightly decreased to around 4.2% during the first half of 2020. An underlying reason might be the reduction in purchase premiums for electric vehicles in China. COVID-19 pandemic have negatively impacted the green energy sector in China, including renewable energy sources, battery energy storage, electric vehicles (EVs), and renewable heating and cooling. Moreover, falling costumer demands due to low labor movement will affect the EV charging cables market growth in the coming years. Even Tesla’s Gigafactory in Shanghai has hinted of possible supply shortages for the US, the UK, and Australia. The supply constraint also has an negative impact on the global EV charging cables market along with energy storage projects, causing project delays or rises in cost. Coroplast Group; Sinbon Electronics Co., Ltd.; TE Connectivity; Phoneix Contact; Besen International Group Co., Ltd.; Dyden Corporation; Teison Energy Technology Co., Ltd.; General Cable Technologies Corporation; System Wire Cable; Aptiv; Leoni AG; Brugg eConnect; Ionity Gmbh; Chengdu Khons Technology Co., Ltd. are among the companies profiled in the EV charging cables market study. The market players are adopting organic and inorganic growth strategies to sustain the competitive edge. For instance, in April 2022, Tata Power signed an MoU with National Real Estate Development Council (NAREDCO) that entails installing 5,000 EV charging stations in Maharashtra, India. The agreement will include installation, maintenance, and up gradation of the individually installed chargers. Such initiatives by key players will contribute to the EV charging cables market growth during the forecast period. The overall EV charging cables market analysis has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the EV charging cables market. The process also serves the purpose of obtaining an overview and forecast of the EV charging cables market size with respect to all market segments.Also, industry participants and commentators have conducted multiple primary interviews to validate the data and gain more analytical insights. The participants of this process include VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in EV charging cables market. Read the full report: https://www.reportlinker.com/p06316353/?utm_source=GNW About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________

Western countries continue to focus on the wrong priorities, the billionaire CEO of Tesla seems to be saying.

WASHINGTON (Reuters) -Global shipping container suppliers China International Marine Containers and Maersk Container Industry in a joint statement on Thursday said they have abandoned a merger plan, citing significant regulatory challenges. China International Marine Containers (CIMC) in September had agreed to buy the Danish shipping company AP Moeller - Maersk's refrigerated containers maker for $987.3 million. The U.S. Justice Department said the deal would have combined two of the world's four suppliers of refrigerated shipping containers and further concentrated the global cold supply chain.

California will ban the sale of internal combustion engine passenger cars by 2035, officials there said on Aug. 24. The policy, coming on top of new incentives for EV buyers in the Inflation Reduction Act, could dramatically reshape the entire US vehicle fleet. California is the country’s biggest vehicle market, and more than a dozen states copy its emissions standards.

WASHINGTON (Reuters) -The U.S. government said on Thursday it will suspend 26 China-bound flights from the United States by four Chinese carriers in response to the Chinese government's decision to suspend some U.S. carrier flights over COVID-19 cases. The decision will affect flights by Xiamen, Air China, China Southern Airlines and China Eastern Airlines from Sept. 5 to Sept. 28. The U.S. Department of Transportation (USDOT) cited the recent cancellation of 26 American Airlines, Delta Air Lines and United Airlines flights over COVID-19 cases.

(Bloomberg) -- An outage at the largest US Midwest refinery is raising wholesale fuel prices regionally just as the agricultural sector gears up for its busiest time of year. Most Read from BloombergGOP Fury Over ESG Triggers Backlash With US Pensions at RiskNearly 60,000 Sneakers in $85 Million Ponzi Scheme to Go on SaleKorea Shatters Its Own Record for World’s Lowest Fertility RateA 129-Foot Superyacht Worth Millions Sinks Off the Italian CoastSix Months of Putin’s War Unravels Russia’s Superp

Yahoo Finance's Dan Howley discusses reports that the DOJ is drafting an antitrust suit against Apple and what that means for rival tech companies like Google.

Skyrocketing prices for natural gas have Europeans scrambling for alternative energy sources.In Germany, where households face a 480 euro rise in their gas bills, people are resorting to stockpiling firewood.

Follow Buffett’s lead. And collect big dividends while you’re at it.

(Bloomberg) -- The New York area is running so low on fuel that the Biden administration is warning of government action to address exports and suppliers are resorting to expensive US tankers to restock the region. Most Read from BloombergNearly 60,000 Sneakers in $85 Million Ponzi Scheme to Go on SaleGOP Fury Over ESG Triggers Backlash With US Pensions at RiskFed’s Jackson Hole Conference Is Underway: Here’s What to ExpectWorld’s Most Popular Password Manager Says It Was HackedA 129-Foot Supery

Here’s a good bit of news for retirees in 2022: you can keep more money in your tax-deferred retirement accounts.

'When working at home it's easy to end up working constantly, which can lead to burnout and worker dissatisfaction.'

Altria Group (MO) declares a dividend hike of 4.4%, taking its quarterly dividend to 94 cents per share. The company is focused on boosting shareholders' returns.

Livent, Daqo New Energy, Ingevity and Hawkins have been highlighted in this Industry Outlook article.

The state of California has approved a first-of-its-kind rule that will ban the sale of all new gas-powered cars in the future.

(Bloomberg) -- Japan’s three biggest carmakers are facing the greatest risk from climate change among global auto companies because much of their manufacturing remains concentrated in the island nation, according to a study by Greenpeace.Most Read from BloombergGOP Fury Over ESG Triggers Backlash With US Pensions at RiskNearly 60,000 Sneakers in $85 Million Ponzi Scheme to Go on SaleA 129-Foot Superyacht Worth Millions Sinks Off the Italian CoastKorea Shatters Its Own Record for World’s Lowest F

In addition to plowing fields, these days John Deere tractors can drive themselves, target weeds—and serve up video games.

Hydrogen fuel cell maker Plug Power sees 2022 revenue surging 80% year over year to up to $925 million. Is PLUG stock a buy now?

Moderna is suing Pfizer and BioNTech over COVID-19 vaccine technology

Companies that file for bankruptcy typically receive an immediate reprieve from lawsuits, and 3M subsidiary Aearo Technologies LLC argued that extending those protections to 3M would buy Aearo time to address its debts and restructuring goals. Aearo and 3M had argued that bankruptcy offered a faster and fairer way to compensate veterans who say that earplugs made by Aearo caused hearing loss. But bankruptcy Judge Jeffrey J. Graham in Indianapolis said that Aearo's bankruptcy restructuring could proceed in parallel with the lawsuits.

An internal survey of Boeing Co. workers authorized to perform tasks on behalf of the Federal Aviation Administration has found nearly 50% of the workers have seen improvement in management oversight in the past 12 months. The relationship between Boeing (NYSE: BA), the employees that are part of the FAA’s Organization Designation Authorization program, and the regulatory agency came under scrutiny in recent years following investigations into the development of the 737 MAX that included allegations of undue pressure to speed along the certification process. While none of Spirit’s (NYSE: SPR) work was implicated in either crash, Boeing-installed flight control software that has since been updated was acknowledged as a factor in each.