The Global Electric Vehicle HV Cables Market size is expected to grow from USD 7.34 billion in 2022 to USD 26.12 billion by 2030, at a CAGR of 17.2% during the forecast period (2023-2030).
The high-voltage electrical system of the Electric Vehicle HV Cables Market is primarily in charge of providing electricity for driving, starting, charging and discharging, and air conditioning. It primarily consists of the battery system, powertrain, charging system, high-voltage electronic control system, high-voltage equipment, and wiring harness system. High-voltage lines are used in electric vehicles to transmit power between the charging port and the battery, the battery's interior, the battery and the engine, and other parts, as well as the battery energy storage equipment and other domains. Electric vehicle high-voltage cables must meet extremely high-performance standards due to the challenging application environment in the vehicle. Low smoke, halogen-free flame retardant, high current and high voltage, high and low-temperature environment, poor heat dissipation, bad driving environment with salt spray and electromagnetic field, oil pollution and chemicals, and small wiring space are some of the application characteristics of cables for electric vehicles.
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Top Market Players Covered in the Electric Vehicle HV Cables Market:
Sumitomo Electric Industries., Ltd, Prysmian Group, Huber + Suhner, Aptiv, Nexans, ACOME, JYFT, Qingdao Cable, LEONI, Coroflex, Champlain Cable, OMG, Tition and Other Major Players.
The global Global Electric Vehicle HV Cables Market research investigates the market in-depth and offers a comprehensive analysis of the major growth determinants, Global Electric Vehicle HV Cables Market share, current trends, key players, and their future predictions. In addition, market demand and supply, each geographical region's growth rate, and market potential are all included in the Global Electric Vehicle HV Cables Market study. Raw materials, marketing channels, client surveys, industry trends and proposals, CAGR status, product scope, Global Electric Vehicle HV Cables Market trends, major leading countries/regions, market risk, and market driving force are all included in the market research. The market prediction was based on a thorough market investigation completed by several industry experts
Segmentation Analysis of the Global Electric Vehicle HV Cables Market Report:
Here are some common segmentation criteria for the Electric Vehicle HV Cables Market:
By Type
· Shielded Cables
· Unshielded Cables
By Application
· Private charging
· Public charging
Market share data Market Segment by Regions and Countries Level Analysis:
§ North America (U.S., Canada, Mexico)
§ Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
§ Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
§ Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
§ Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
§ South America (Brazil, Argentina, Rest of SA)
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COVID-19 Impact On The Electric Vehicle HV Cables Market
It is not anticipated that the extraction of commodities like steel, copper, and aluminum will be impacted by the COVID-19 pandemic epidemic. Major extractors in China continued to harvest raw materials despite trade restrictions throughout the first half of 2020. Copper, for example, will reach USD 10,000 per ton for the first time in ten years in May 2021 as the price of raw materials continues to grow. The global automotive sector has been severely impacted by the COVID-19 pandemic. This can be seen in the supply chain disruptions caused by China's exports of parts, the widespread manufacturing disruptions in Europe, and the closure of assembly facilities in the US and other big nations like India and Brazil, where the automobile industry has a significant economic impact.
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