This report describes and explains the EV high voltage cable market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global EV high voltage cable market reached a value of nearly $1.73 billion in 2024, having grown at a compound annual growth rate (CAGR) of 14.19% since 2019. The market is expected to grow from $1.73 billion in 2024 to $4.3 billion in 2029 at a rate of 19.98%. The market is then expected to grow at a CAGR of 20.48% from 2029 and reach $10.92 billion in 2034.
Growth in the historic period resulted from growth in hybrid electric vehicles (HEVS), expansion of EV charging infrastructure and strong economic growth in emerging markets. Factors that negatively affected growth in the historic period were infrastructure limitations and increasing cost of raw materials used in the automotive industry.
Going forward, rising electric vehicle adoption, increasing urbanization, increasing government support and increasing renewable energy projects will drive the growth. Factor that could hinder the growth of the EV high voltage cable market in the future include supply chain disruptions.
The global EV high voltage cable market is fragmented, with large number of small players in the market. The top ten competitors in the market made up to 9.95% of the total market in 2023. The market fragmentation can be attributed to the presence of large number of players in different geographies. Yazaki Parts Co. Ltd. was the largest competitor with a 2.19% share of the market, followed by Aptiv plc 1.92%, Leoni AG with 1.31%, Lear Corporation with 1.18%, Sumitomo Electric Industries Ltd. with 0.78%, General Electric (GE) Co. with 0.59%, ABB Ltd. with 0.54%, Nexans SA with 0.51%, LS Cable & System Ltd. with 0.48% and Molex LLC with 0.45%.
Asia Pacific was the largest region in the EV high voltage cable market, accounting for 49.69% or $860.07 million of the total in 2024. It was followed by Western Europe, North America and then the other regions. Going forward, the fastest-growing regions in the EV high voltage cable market will be Asia Pacific and South America where growth will be at CAGRs of 22.45% and 19.42% respectively. These will be followed by Middle East and Western Europe where the markets are expected to grow at CAGRs of 18.25% and 17. 76% respectively.
The EV high voltage cable market is segmented by EV type into BEV, HEV, PHEV and FCEV. The BEV market was the largest segment of the EV high voltage cable market segmented by EV type, accounting for 40.36% or $698.63 million of the total in 2024. Going forward, the FCEV segment is expected to be the fastest growing segment in the EV high voltage cable market segmented by EV type, at a CAGR of 27.93% during 2024-2029.
The EV high voltage cable market is segmented by voltage into high voltage (1,001V to 3,000V) and very high voltage (above 3,000V). The high voltage (1,001V to 3,000V) market was the largest segment of the EV high voltage cable market segmented by voltage, accounting for 69.11% or $1.19 billion of the total in 2024. Going forward, the high voltage (1,001V to 3,000V) segment is expected to be the fastest growing segment in the EV high voltage cable market segmented by voltage, at a CAGR of 20.82% during 2024-2029.
The EV high voltage cable market is segmented by EV application into engine and powertrain, battery and battery management, charging management, power electronics and other applications. The charging management market was the largest segment of the EV high voltage cable market segmented by EV application, accounting for 51.54% or $892.08 million of the total in 2024. Going forward, the engine and powertrain segment is expected to be the fastest growing segment in the EV high voltage cable market segmented by EV application, at a CAGR of 23.82% during 2024-2029.
The top opportunities in the EV high voltage cable market segmented by EV type will arise in the BEV segment, which will gain $1.5 billion of global annual sales by 2029. The top opportunities in the EV high voltage cable market segmented by voltage will arise in the high (1,001V to 3,000V) segment, which will gain $1.88 billion of global annual sales by 2029. The top opportunities in the EV high voltage cable market segmented by EV application will arise in the charging management segment, which will gain $1.18 billion of global annual sales by 2029. The EV high voltage cable market size will gain the most in China at $1.24 billion.
Player-adopted strategies in the EV high voltage cable market include focus on expanding operational capabilities through strategic acquisitions, focus on enhancing business capabilities through the launch of new products and focus on enhancing business operations through strategic collaborations and partnerships.
Market-trend-based strategies for the EV high voltage cable market include adopting a strategic partnerships approach to develop innovative and scalable charging solutions and the development of innovative charging cables and plugs equipped with dual thermistors.
To take advantage of the opportunities, the analyst recommends the EV high voltage cable companies to focus on developing advanced charging solutions with enhanced safety features, focus on the fastest growing segment: FCEV market, focus on the high voltage (1,001v to 3,000v) market, expand in emerging markets, focus on strategic partnerships to drive growth, focus on developing competitive and flexible pricing strategies, focus on targeted digital marketing campaigns, focus on strategic partnerships and industry collaborations and focus on the engine & powertrain market.
The global EV high voltage cable market reached a value of nearly $1.73 billion in 2024, having grown at a compound annual growth rate (CAGR) of 14.19% since 2019. The market is expected to grow from $1.73 billion in 2024 to $4.3 billion in 2029 at a rate of 19.98%. The market is then expected to grow at a CAGR of 20.48% from 2029 and reach $10.92 billion in 2034.
Growth in the historic period resulted from growth in hybrid electric vehicles (HEVS), expansion of EV charging infrastructure and strong economic growth in emerging markets. Factors that negatively affected growth in the historic period were infrastructure limitations and increasing cost of raw materials used in the automotive industry.
Going forward, rising electric vehicle adoption, increasing urbanization, increasing government support and increasing renewable energy projects will drive the growth. Factor that could hinder the growth of the EV high voltage cable market in the future include supply chain disruptions.
The global EV high voltage cable market is fragmented, with large number of small players in the market. The top ten competitors in the market made up to 9.95% of the total market in 2023. The market fragmentation can be attributed to the presence of large number of players in different geographies. Yazaki Parts Co. Ltd. was the largest competitor with a 2.19% share of the market, followed by Aptiv plc 1.92%, Leoni AG with 1.31%, Lear Corporation with 1.18%, Sumitomo Electric Industries Ltd. with 0.78%, General Electric (GE) Co. with 0.59%, ABB Ltd. with 0.54%, Nexans SA with 0.51%, LS Cable & System Ltd. with 0.48% and Molex LLC with 0.45%.
Asia Pacific was the largest region in the EV high voltage cable market, accounting for 49.69% or $860.07 million of the total in 2024. It was followed by Western Europe, North America and then the other regions. Going forward, the fastest-growing regions in the EV high voltage cable market will be Asia Pacific and South America where growth will be at CAGRs of 22.45% and 19.42% respectively. These will be followed by Middle East and Western Europe where the markets are expected to grow at CAGRs of 18.25% and 17. 76% respectively.
The EV high voltage cable market is segmented by EV type into BEV, HEV, PHEV and FCEV. The BEV market was the largest segment of the EV high voltage cable market segmented by EV type, accounting for 40.36% or $698.63 million of the total in 2024. Going forward, the FCEV segment is expected to be the fastest growing segment in the EV high voltage cable market segmented by EV type, at a CAGR of 27.93% during 2024-2029.
The EV high voltage cable market is segmented by voltage into high voltage (1,001V to 3,000V) and very high voltage (above 3,000V). The high voltage (1,001V to 3,000V) market was the largest segment of the EV high voltage cable market segmented by voltage, accounting for 69.11% or $1.19 billion of the total in 2024. Going forward, the high voltage (1,001V to 3,000V) segment is expected to be the fastest growing segment in the EV high voltage cable market segmented by voltage, at a CAGR of 20.82% during 2024-2029.
The EV high voltage cable market is segmented by EV application into engine and powertrain, battery and battery management, charging management, power electronics and other applications. The charging management market was the largest segment of the EV high voltage cable market segmented by EV application, accounting for 51.54% or $892.08 million of the total in 2024. Going forward, the engine and powertrain segment is expected to be the fastest growing segment in the EV high voltage cable market segmented by EV application, at a CAGR of 23.82% during 2024-2029.
The top opportunities in the EV high voltage cable market segmented by EV type will arise in the BEV segment, which will gain $1.5 billion of global annual sales by 2029. The top opportunities in the EV high voltage cable market segmented by voltage will arise in the high (1,001V to 3,000V) segment, which will gain $1.88 billion of global annual sales by 2029. The top opportunities in the EV high voltage cable market segmented by EV application will arise in the charging management segment, which will gain $1.18 billion of global annual sales by 2029. The EV high voltage cable market size will gain the most in China at $1.24 billion.
Player-adopted strategies in the EV high voltage cable market include focus on expanding operational capabilities through strategic acquisitions, focus on enhancing business capabilities through the launch of new products and focus on enhancing business operations through strategic collaborations and partnerships.
Market-trend-based strategies for the EV high voltage cable market include adopting a strategic partnerships approach to develop innovative and scalable charging solutions and the development of innovative charging cables and plugs equipped with dual thermistors.
To take advantage of the opportunities, the analyst recommends the EV high voltage cable companies to focus on developing advanced charging solutions with enhanced safety features, focus on the fastest growing segment: FCEV market, focus on the high voltage (1,001v to 3,000v) market, expand in emerging markets, focus on strategic partnerships to drive growth, focus on developing competitive and flexible pricing strategies, focus on targeted digital marketing campaigns, focus on strategic partnerships and industry collaborations and focus on the engine & powertrain market.
Major Market Trends
- Strategic Partnerships Driving Innovation in the EV High Voltage Cable Market
- Innovative EV Charging Cables With Dual Thermistors For Enhanced Safety and Performance
Key Mergers and Acquisitions
- The Komax Group Acquired Hosver To Strengthen Automation Solutions in Wire Processing
- BP plc Acquired Tesla Inc To Expand US EV Network
Table of Contents
1 Executive Summary
6 Market Characteristics
7 Major Market Trends
9 Global EV High Voltage Cable Growth Analysis and Strategic Analysis Framework
10 Global EV High Voltage Cable Market Segmentation
12 EV High Voltage Cable Market, Regional and Country Analysis
13 Asia-Pacific Market
14 Western Europe Market
15 Eastern Europe Market
16 North America Market
17 South America Market
18 Middle East Market
19 Africa Market
20 Competitive Landscape and Company Profiles
21 Other Major and Innovative Companies
24 Key Mergers and Acquisitions
25 Recent Developments in the EV High Voltage Cable Market
26 Opportunities and Strategies
27 EV High Voltage Cable Market, Conclusions and Recommendations
28 Appendix
Executive Summary
EV High Voltage Cable Global Market Opportunities And Strategies To 2034 provides the strategists; marketers and senior management with the critical information they need to assess the global EV high voltage cable market as it emerges from the COVID-19 shut down.Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
Description
Where is the largest and fastest-growing market for EV high voltage cable? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The EV high voltage cable market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider EV high voltage cable market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics - Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by EV type, by voltage and by EV application.
- Key Trends - Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario - The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the EV high voltage cable market.
- Global Market Size And Growth - Analysis on PESTEL, end use industries, market growth rate, global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods, forecast growth contributors and total addressable market (TAM).
- Regional And Country Analysis - Historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison by region and country.
- Market Segmentation - Contains the market values (2019-2024) (2024-2029, 2034F) and analysis for each segment EV type, by voltage and by EV application in the market. Historic (2019-2024) and forecast (2024-2029) and (2029-2034) market values and growth and market share comparison by region market.
- Regional Market Size and Growth - Regional market size (2024), historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape - Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Competitive Benchmarking - Briefs on the financials comparison between major players in the market.
- Competitive Dashboard - Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions - Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
- Market Opportunities And Strategies - Information on recent developments in the market covered in the report.
- Conclusions And Recommendations - This section includes recommendations for EV high voltage cable market providers in terms of product/service offerings geographic expansion, marketing strategies and target groups next five years.
- Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
1) By EV Type: BEV; HEV; PHEV; FCEV2) By Voltage: High Voltage (1,001V To 3,000V); Very High Voltage (Above 3,000V)
3) By EV Application: Engine And Powertrain; Battery And Battery Management; Charging Management; Power Electronics; Other Applications
Key Companies Mentioned: Yazaki Parts Co. Ltd.; Aptiv plc; Leoni AG.; Lear Corporation; Sumitomo Electric Industries Ltd.
Countries: Australia; China; India; Indonesia; Japan; South Korea; Brazil; Russia; USA; Canada; France; Germany; UK; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; EV high voltage cable indicators comparison.
Data Segmentation: Country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
The major companies featured in this EV High Voltage Cable market report include:- Yazaki Parts Co. Ltd.
- Aptiv plc Leoni AG.
- Lear Corporation
- Sumitomo Electric Industries Ltd.
- General Electric (GE) Co
- ABB Ltd.
- Nexans SA
- LS Cable & System Ltd.
- Molex LLC
- SunCable
- The Komax Group
- Hosver
- LS Cable
- Qingdao Cable Co., Ltd.
- Prysmian Group
- Ravicab Cables Private Limited
- Leoni AG
- Prysmian Group
- Huber + Suhner
- Leoni AG
- ACOME
- Coroflex
- Norsk Hydro ASA
- General Electric (GE) Co.
- Nexans SA
- BorgWarner Inc.
- Leviton Manufacturing Company, Inc.
- FLO
- Aptiv Plc.
- Grizzl-E
- Yazaki Parts Co. Ltd.
- Lear Corporation
- Tesla, Inc.
- Prysmian Group
- Southwire Company LLC.
- WEG S.A.
- Sailtran
- SABIC (Saudi Basic Industries Corporation)
- Bahra Electric
- Siemens AG
- General Electric Company
- Elsewedy Electric Co. S.A.E.
- Volex Group
- Prysmian S.p.A
- Nexans S.A
- Elsewedy Electric Co S.A.E
- NKT A/S
- Hitachi Cable, Ltd.
- Dubai Cable Company Pvt Ltd (Ducab)
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 298 |
| Published | March 2025 |
| Forecast Period | 2024 - 2034 |
| Estimated Market Value ( USD | $ 1.73 Billion |
| Forecasted Market Value ( USD | $ 10.92 Billion |
| Compound Annual Growth Rate | 20.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 50 |
