Press release
Lucintel Forecasts the Global EV Cable Market to Reach $25.9 billion by 2030
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 i
According to a market report by Lucintel, the future of the global EV cable market [https://www.lucintel.com/ev-cable-market.aspx] 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 from $10.2 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 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 [https://www.lucintel.com/ev-cable-market.aspx]
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 [http://www.lucintel.com/], 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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