According to a market report by Lucintel, 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 $26 billion by 2030 from $10 billion in 2024 at 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 to understand trends, opportunity and forecast in global EV
cable market to 2030 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).
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.
Download
sample by clicking on EV cable market.
APAC is
expected to witness highest growth over the forecast period due to significant
population demand for electric vehicles and presence of major cable
manufacturers in this region.
Leoni,
Huber + Suhner, Sumitomo Electric Industries, Aptiv, Nexans are the major
suppliers in the EV cable
market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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