Electric Vehicle Wiring Harness System Market Growing at a CAGR of 45.86% to 2021
About Electric Vehicle Wiring Harness System market
Research Analysts recognizes the following companies as the key players in the global Electric Vehicle Wiring Harness System market: Delhi, LEONI, Sumitomo Electric Wiring Systems, and TE Connectivity.
Analysts forecast the global EVWHS market to grow at a CAGR of 45.86% during the period 2017-2021.
Request a sample copy of Electric Vehicle Wiring Harness System Market Research Report @ https://marketsizeforecasters.com/get-sample/18192
Commenting on the report, an analyst from Technavio’s team said: “EVs are propelled by electric motors of the electric powertrain, powered from the battery pack. Pure EVs are completely propelled by these motors, whereas in hybrid vehicles, the motor starts the vehicle initially and then used whenever an additional torque is required (during sudden high acceleration). Electric motors have the greatest torque at start up, and this feature can eliminate the need for transmission as no shifting of power is needed for electric motors.”
The listed pricing for this Electric Vehicle Wiring Harness System Market report starts at $ 3500.
Request Discount for Electric Vehicle Wiring Harness System Market Research Report @ https://marketsizeforecasters.com/enquire-for-discount/18192
According to the report, automating systems in manufacturing facilities will not only improve the quality of products but at the same time give uniformly manufactured products with less manual errors. Automation ensures fixed productivity in any period with fixed speed for each process. This will reduce the cost of manufacturing due to the material waste reduction and labor cost reduction. There is demand for miniaturized wiring harnesses, which cannot be manufactured with acceptable quality using a manual manufacturing process. The manual process is inaccurate owing to the human error component involved. The need for skilled labor will also increase owing to increase in demand for miniaturized wiring harnesses, which demands higher quality. This will further increase the labor cost.
Further, the report states that EVs have electric powertrain, which contributes to 70% share of the electric/electronic content in vehicles, whereas a conventional ICE vehicle has up to 50% of electric/electronic content. Owing to the high-power operations by electric powertrain, high-voltage, high-current WHS are employed in EVs to improve the performance of EVs.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Browse full table of contents and data tables For Electric Vehicle Wiring Harness System Market Report of 70 pages https://marketsizeforecasters.com/global-electric-vehicle-wiring-harness-system-market
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