Market Overview:
The global EV high voltage cables market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric vehicles (EVs) across the globe. EVs are powered by high voltage batteries, which require high voltage cables for charging and discharging. The shielded cables segment is expected to dominate the global EV high voltage cables market during the forecast period, owing to their superior properties such as resistance against electromagnetic interference (EMI) and better safety performance. However, unshielded cables are also witnessing significant growth due to their low cost and easy installation. By application, HEVs are expected to account for a majority of the global EV high voltage cables market during the forecast period, followed by BEVs. North America is estimated to lead the global EV high voltage cable market in terms of revenue in 2018, followed by Europe and Asia Pacific.
Product Definition:
Electric vehicle high voltage cables are the connectors that allow electricity to flow between the vehicle's battery and electric motor. They are essential for powering the car and must be able to handle large amounts of current without overheating. EV high voltage cables are also relatively expensive, so it is important to ensure they are properly maintained and protected from damage.
Shielded Cables:
Shielded cables are used in high voltage power cables and distribution networks that have a high probability of exposure to electric fields. The cable insulation is made from dielectric materials, which can withstand the electric field without becoming charged itself. These types of cables are widely used in power transmission & distribution systems as well as electrical vehicles (EV).
The growing demand for Electric Vehicles (EV) has led to an increase in the installation of charging stations.
Unshielded Cables:
Unshielded cables are used in electric vehicles (EV) to provide high voltage power from the battery to various systems and components. The cable consists of a copper wire, which is covered by an insulation layer made up of plastic or rubber. This cable provides electrical connectivity between the battery and other parts of the vehicle, without any physical connections such as terminals or wires coming into contact with each other.
The growing demand for EVs has increased concerns over safety issues related to charging infrastructure.
Application Insights:
HEV application segment accounted for the largest share of over 50.0% in 2017 and is expected to continue its dominance over the forecast period. The growing number of HEVs across various regions is anticipated to contribute significantly towards revenue growth during the forecast period.
The BEV application segment was valued at USD 1,836.5 million in 2017 and is expected to witness significant growth owing to increasing demand for electric passenger cars from developed countries such as U.S., Canada, Germany and France among others which are highly technologically advanced regarding EV matters coupled with a strong industrial base required for manufacturing EVs/HEVs respectively are some factors that may propel industry expansion during the forecast period thus contributing towards overall industry growth during the study years.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing adoption of electric vehicles in China and Japan. In 2016, China accounted for approximately 40% of global EV production and it is anticipated that by 2020, this number will reach 60%. This scenario will drive demand for EV HV cables in Asia Pacific region.
Europe also holds a significant share owing to high penetration of EVs in countries such as Norway, Sweden and France among others. Moreover, Germany has set an example with highest sales across the globe with around 5 million EVs sold since 2010s till 2017 which accounts for nearly 25% of total vehicle sales across Europe during same period). Such trends are projected to positively influence regional market growth over next eight years or so until 2030 when North America would take over as largest EV High Voltage Cables Market due to growing adoption rate of BEVs (battery electric vehicles) especially in U.S.
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 20% during the forecast period. This will lead to an increase in the demand for high voltage cables used in these vehicles.
- Rising awareness about the benefits of electric vehicles: There is a growing awareness about the benefits of electric vehicles, such as low emissions and fuel efficiency. This is leading to an increase in their adoption across the world.
- Development of advanced technologies: The development of advanced technologies, such as wireless charging, is expected to boost the growth of the EV High Voltage Cables market during the forecast period.
- Growing investments in renewable energy sources: There is a growing investment in renewable energy sources, such as solar and wind power, which will lead to an increase in demand for high voltage cables used in these applications.
Scope Of The Report
Report Attributes
Report Details
Report Title
EV High Voltage Cables Market Research Report
By Type
Shielded Cables, Unshielded Cables
By Application
HEV, BEV
By Companies
LEONI, ACOME, Champlain Cable, Prysmian Group, Coroflex, JYFT, OMG, Huayu, Qingdao Cable
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
133
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global EV High Voltage Cables Market Report Segments:
The global EV High Voltage Cables market is segmented on the basis of:
Types
Shielded Cables, Unshielded Cables
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
HEV, BEV
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- LEONI
- ACOME
- Champlain Cable
- Prysmian Group
- Coroflex
- JYFT
- OMG
- Huayu
- Qingdao Cable
Highlights of The EV High Voltage Cables Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Shielded Cables
- Unshielded Cables
- By Application:
- HEV
- BEV
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the EV High Voltage Cables Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
EV cables are high voltage cables that are used to power electric vehicles. They typically have a higher voltage than regular household electrical wiring, which is necessary in order to provide the required power to the motors and other electronics in an electric vehicle.
Some of the major companies in the ev high voltage cables market are LEONI, ACOME, Champlain Cable, Prysmian Group, Coroflex, JYFT, OMG, Huayu, Qingdao Cable.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 EV High Voltage Cables Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 EV High Voltage Cables Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 EV High Voltage Cables Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the EV High Voltage Cables Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global EV High Voltage Cables Market Size & Forecast, 2020-2028
4.5.1 EV High Voltage Cables Market Size and Y-o-Y Growth
4.5.2 EV High Voltage Cables Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Shielded Cables
5.2.2 Unshielded Cables
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 HEV
6.2.2 BEV
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global EV High Voltage Cables Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 EV High Voltage Cables Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Shielded Cables
9.6.2 Unshielded Cables
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 HEV
9.10.2 BEV
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Shielded Cables
10.6.2 Unshielded Cables
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 HEV
10.10.2 BEV
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Shielded Cables
11.6.2 Unshielded Cables
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 HEV
11.10.2 BEV
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Shielded Cables
12.6.2 Unshielded Cables
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 HEV
12.10.2 BEV
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Shielded Cables
13.6.2 Unshielded Cables
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 HEV
13.10.2 BEV
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 EV High Voltage Cables Market: Competitive Dashboard
14.2 Global EV High Voltage Cables Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 LEONI
14.3.2 ACOME
14.3.3 Champlain Cable
14.3.4 Prysmian Group
14.3.5 Coroflex
14.3.6 JYFT
14.3.7 OMG
14.3.8 Huayu
14.3.9 Qingdao Cable
