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Electric Vehicle HV Cables Market Size 2022-2028| Sumitomo Electric Industries, Prysmian Group, Aptiv

Electric Vehicle HV Cables Market

Electric Vehicle HV Cables Market

The Electric Vehicle HV Cables Market Is Expected To Grow At A Significant Growth Rate Over The Forecast Period 2022-2028, Considering Base Year As 2021.

Electric vehicles’ high-voltage electrical systems are largely responsible for supplying electricity for air conditioning, driving, starting, and charging and discharging. The battery system, powertrain, charging system, high-voltage electronic control system, high-voltage apparatus, and its wiring harness system make up the majority of it. Electric vehicles employ high-voltage lines to transfer power between the battery’s interior, the engine, and other components, as well as the battery energy storage apparatus and other domains, and between the charging port and the battery.

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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 aluminium 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.

Key Players For 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.

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Key Market Segments: Electric Vehicle HV Cables Market

By Type

  • Shielded Cables
  • Unshielded Cables

By Application

  • Private charging
  • Public charging

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Industry Developments In The Electric Vehicle HV Cables Market

  • In July 2021, Nexans declared a cable manufacturing facility in Tianjin, China. The new plant covers a 3,000-meter square to produce a large range of cable products and solutions.
  • In November 2020, Huber + Suhner introduced its new flexible and robust Radox Screened Flex high voltage battery cable range for electric vehicles by combining Radox technology with a new type of semiconductor.

Reasons to Purchase this Market Report:

  • Market forecast analysis through recent trends and SWOT analysis
  • Electric Vehicle HV Cables Market Dynamics Scenarios with Market Growth Opportunities over the Next Year
  • Market segmentation analysis, including qualitative and quantitative studies that include economic and non-economic impacts
  • Electric Vehicle HV Cables Market Regional and country-level analysis that integrates demand and supply forces that impact the growth of the market.
  • Competitive environment related to the Electric Vehicle HV Cables market share for key players, along with new projects and strategies that players have adopted over the past five years

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