EV Cable Market Report: Trends, Forecast and Competitive Analysis to 2030

EV Cable Trends and Forecast

The future of the global EV cable market looks promising with opportunities in the engine & powertrain, battery & battery management, charging management, and power electronic markets. The global EV cable market is expected to reach an estimated $25.9 billion by 2030 with a CAGR of 16.8% from 2024 to 2030. The major drivers for this market are growing adoption of electric vehicles and increasing demand for sustainable transportation.

A more than 150-page report is developed to help in your business decisions.

EV Cable by Segment

The study includes a forecast for the global EV cable by insulation material, vehicle type, component, application, and region.

EV Cable Market by Insulation Material [Shipment Analysis by Value from 2018 to 2030]:

• Silicon Rubber Insulation
• Fluoro-Polymers
• Thermoplastic Elastomer
• Others

EV Cable Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:

• BEV (Battery Electric Vehicle)
• HEV (Hybrid Electric Vehicle)
• PHEV (Plug-in Hybrid Electric Vehicles)
• FCEV (Fuel Cell Electric Vehicles)

EV Cable Market by Component [Shipment Analysis by Value from 2018 to 2030]:

• Wires
• Connectors/Terminals
• Fuses
• Others

EV Cable Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Engine & Powertrain
• Battery & Battery Management
• Charging Management
• Power Electronics
• Others

EV Cable Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of EV Cable Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies EV cable companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the EV cable companies profiled in this report include-

• Leoni
• Huber + Suhner
• Sumitomo Electric Industries
• Aptiv
• Nexans

EV Cable Market Insights

Lucintel forecasts that thermoplastic elastomer is expected to witness the highest growth over the forecast period due to its various advantages, such as durability, flexibility, and cost-effectiveness.

Within this market, charging management is expected to witness the highest growth.

APAC is expected to witness highest growth over the forecast period due to significant population's demand for electric vehicles and presence of major cable manufacturers in this region.

Features of the Global EV Cable Market

Market Size Estimates: Ev cable market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Ev cable market size by various segments, such as by insulation material, vehicle type, component, application, and region in terms of value ($B).

Regional Analysis: Ev cable market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different insulation materials, vehicle types, components, applications, and regions for the EV cable market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the EV cable market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the EV cable market size?

Answer: The global EV cable market is expected to reach an estimated $25.9 billion by 2030.

Q2. What is the growth forecast for EV cable market?

Answer: The global EV cable market is expected to grow with a CAGR of 16.8% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the EV cable market?

Answer: The major drivers for this market are growing adoption of electric vehicles and increasing demand for sustainable transportation.

Q4. What are the major segments for EV cable market?

Answer: The future of the EV cable market looks promising with opportunities in the engine & powertrain, battery & battery management, charging management, and power electronic markets.

Q5. Who are the key EV cable market companies?

Answer: Some of the key EV cable companies are as follows:

• Leoni
• Huber + Suhner
• Sumitomo Electric Industries
• Aptiv
• Nexans

Q6. Which EV cable market segment will be the largest in future?

Answer: Lucintel forecasts that thermoplastic elastomer is expected to witness the highest growth over the forecast period due to its various advantages, such as durability, flexibility, and cost-effectiveness.

Q7. In EV cable market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to significant population's demand for electric vehicles and presence of major cable manufacturers in this region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the EV cable market by insulation material (silicon rubber insulation, fluoro-polymers, thermoplastic elastomer, and others), vehicle type (BEV, HEV,PHEV, and FCEV), component (wires, connectors/terminals, fuses, and others), application (engine & powertrain, battery & battery management, charging management, power electronics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?