The North America EV Cables Market would witness market growth of 15.4% CAGR during the forecast period (2023-2030).
EV cables serve various purposes in electric vehicles, including assisting in signal transmission and supplying power to different electronic and electrical systems. Electricity is transmitted through EV cables to power various on-vehicle equipment such as lighting, sensors, steering servos, air conditioning units, etc. Irradiation cables, general cables, battery cables, sensor cables, and other types of cables are included in automobiles.
For insulation, they are put together under a rubber or plastic covering. They are essential for sending and receiving sensor signals, communicating information about the vehicle's operation, and supplying power. One of the main factors propelling the expansion of the market is the advent of sophisticated electronics in electric vehicles.
As is the case with most of the automotive industry today, the automotive cable range focuses primarily on EV cable requirements. It includes automotive cables for the vehicle's powertrain units, as well as cables that are specific to the standards of Fiat, BMW, and other major manufacturers. These cables are used in starting, charging, lighting, signaling, and instrument panel circuits, as well as in traditional petrol and diesel, and electric vehicles.
Canada intends to make significant investments in the production of zero-emission electric cars (EV) and sustainable technology in the automotive industry. By collaborating with provincial governments, the Canadian government aims to achieve carbon neutrality by 2050. Similarly, in the US, in order to make electric cars (EVs) available to all Americans for both short- and long-distance travel, the federal government has set the 2030 target of having half of all new vehicles sold in the country to be emission-free. It has also committed to establishing a network of 500,000 chargers that is practical and equitable. Therefore, such developments will propel the growth of the market in the coming years.
The US market dominated the North America EV Cables Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3.7 billion by 2030. The Canada market is anticipated to grow at a CAGR of 18% during (2023 - 2030). Additionally, The Mexico market would register a CAGR of 17% during (2023 - 2030).
Based on Shielding Type, the market is segmented into Copper, Aluminium, and Others. Based on Application, the market is segmented into Charging Management, Engine & Powertrain, Battery & Battery Management, Power Electronics, and Others. Based on Voltage, the market is segmented into High, Medium, Low, and Very High. Based on Component, the market is segmented into Wires, Connectors/Terminals, and Fuse & Others. Based on EV Type, the market is segmented into BEV, HEV, and PHEV & Others. Based on Insulation Material, the market is segmented into Thermoplastic Elastomer, Silicon Rubber Insulation, Fluoro Polymers, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide EV Cables Market is Projected to reach USD 23.1 Billion by 2030, at a CAGR of 15.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include HUBER+SUHNER AG, TE Connectivity Ltd., Leoni AG, Aptiv PLC, Nexans S.A., Sumitomo Electric Industries, Ltd., Elkem ASA (Bluestar Elkem International Co., Ltd. S.A.), Sinbon Electronics Co., Ltd., Coroplast Fritz Müller GmbH & Co. KG, and Philatron Wire & Cable
Scope of the Study
Market Segments Covered in the Report:
By Shielding Type
By Application
- Charging Management
- Engine & Powertrain
- Battery & Battery Management
- Power Electronics
- Others
By Voltage
- High
- Medium
- Low
- Very High
By Component
- Wires
- Connectors/Terminals
- Fuse & Others
By EV Type
By Insulation Material
- Thermoplastic Elastomer
- Silicon Rubber Insulation
- Fluoro Polymers
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- HUBER+SUHNER AG
- TE Connectivity Ltd.
- Leoni AG
- Aptiv PLC
- Nexans S.A.
- Sumitomo Electric Industries, Ltd.
- Elkem ASA (Bluestar Elkem International Co., Ltd. S.A.)
- Sinbon Electronics Co., Ltd.
- Coroplast Fritz Müller GmbH & Co. KG
- Philatron Wire & Cable
TABLE 1 North America EV Cables Market, 2019 - 2022, USD Million
TABLE 2 North America EV Cables Market, 2023 - 2030, USD Million
TABLE 3 North America EV Cables Market by Shielding Type, 2019 - 2022, USD Million
TABLE 4 North America EV Cables Market by Shielding Type, 2023 - 2030, USD Million
TABLE 5 North America Copper Market by Country, 2019 - 2022, USD Million
TABLE 6 North America Copper Market by Country, 2023 - 2030, USD Million
TABLE 7 North America Aluminium Market by Country, 2019 - 2022, USD Million
TABLE 8 North America Aluminium Market by Country, 2023 - 2030, USD Million
TABLE 9 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 10 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 11 North America EV Cables Market by Application, 2019 - 2022, USD Million
TABLE 12 North America EV Cables Market by Application, 2023 - 2030, USD Million
TABLE 13 North America Charging Management Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Charging Management Market by Country, 2023 - 2030, USD Million
TABLE 15 North America Engine & Powertrain Market by Country, 2019 - 2022, USD Million
TABLE 16 North America Engine & Powertrain Market by Country, 2023 - 2030, USD Million
TABLE 17 North America Battery & Battery Management Market by Country, 2019 - 2022, USD Million
TABLE 18 North America Battery & Battery Management Market by Country, 2023 - 2030, USD Million
TABLE 19 North America Power Electronics Market by Country, 2019 - 2022, USD Million
TABLE 20 North America Power Electronics Market by Country, 2023 - 2030, USD Million
TABLE 21 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 22 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 23 North America EV Cables Market by Voltage, 2019 - 2022, USD Million
TABLE 24 North America EV Cables Market by Voltage, 2023 - 2030, USD Million
TABLE 25 North America High Market by Country, 2019 - 2022, USD Million
TABLE 26 North America High Market by Country, 2023 - 2030, USD Million
TABLE 27 North America Medium Market by Country, 2019 - 2022, USD Million
TABLE 28 North America Medium Market by Country, 2023 - 2030, USD Million
TABLE 29 North America Low Market by Country, 2019 - 2022, USD Million
TABLE 30 North America Low Market by Country, 2023 - 2030, USD Million
TABLE 31 North America Very High Market by Country, 2019 - 2022, USD Million
TABLE 32 North America Very High Market by Country, 2023 - 2030, USD Million
TABLE 33 North America EV Cables Market by Component, 2019 - 2022, USD Million
TABLE 34 North America EV Cables Market by Component, 2023 - 2030, USD Million
TABLE 35 North America Wires Market by Country, 2019 - 2022, USD Million
TABLE 36 North America Wires Market by Country, 2023 - 2030, USD Million
TABLE 37 North America Connectors/Terminals Market by Country, 2019 - 2022, USD Million
TABLE 38 North America Connectors/Terminals Market by Country, 2023 - 2030, USD Million
TABLE 39 North America Fuse & Others Market by Country, 2019 - 2022, USD Million
TABLE 40 North America Fuse & Others Market by Country, 2023 - 2030, USD Million
TABLE 41 North America EV Cables Market by EV Type, 2019 - 2022, USD Million
TABLE 42 North America EV Cables Market by EV Type, 2023 - 2030, USD Million
TABLE 43 North America BEV Market by Country, 2019 - 2022, USD Million
TABLE 44 North America BEV Market by Country, 2023 - 2030, USD Million
TABLE 45 North America HEV Market by Country, 2019 - 2022, USD Million
TABLE 46 North America HEV Market by Country, 2023 - 2030, USD Million
TABLE 47 North America PHEV & Others Market by Country, 2019 - 2022, USD Million
TABLE 48 North America PHEV & Others Market by Country, 2023 - 2030, USD Million
TABLE 49 North America EV Cables Market by Insulation Material, 2019 - 2022, USD Million
TABLE 50 North America EV Cables Market by Insulation Material, 2023 - 2030, USD Million
TABLE 51 North America Thermoplastic Elastomer Market by Country, 2019 - 2022, USD Million
TABLE 52 North America Thermoplastic Elastomer Market by Country, 2023 - 2030, USD Million
TABLE 53 North America Silicon Rubber Insulation Market by Country, 2019 - 2022, USD Million
TABLE 54 North America Silicon Rubber Insulation Market by Country, 2023 - 2030, USD Million
TABLE 55 North America Fluoro Polymers Market by Country, 2019 - 2022, USD Million
TABLE 56 North America Fluoro Polymers Market by Country, 2023 - 2030, USD Million
TABLE 57 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 58 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 59 North America EV Cables Market by Country, 2019 - 2022, USD Million
TABLE 60 North America EV Cables Market by Country, 2023 - 2030, USD Million
TABLE 61 US EV Cables Market, 2019 - 2022, USD Million
TABLE 62 US EV Cables Market, 2023 - 2030, USD Million
TABLE 63 US EV Cables Market by Shielding Type, 2019 - 2022, USD Million
TABLE 64 US EV Cables Market by Shielding Type, 2023 - 2030, USD Million
TABLE 65 US EV Cables Market by Application, 2019 - 2022, USD Million
TABLE 66 US EV Cables Market by Application, 2023 - 2030, USD Million
TABLE 67 US EV Cables Market by Voltage, 2019 - 2022, USD Million
TABLE 68 US EV Cables Market by Voltage, 2023 - 2030, USD Million
TABLE 69 US EV Cables Market by Component, 2019 - 2022, USD Million
TABLE 70 US EV Cables Market by Component, 2023 - 2030, USD Million
TABLE 71 US EV Cables Market by EV Type, 2019 - 2022, USD Million
TABLE 72 US EV Cables Market by EV Type, 2023 - 2030, USD Million
TABLE 73 US EV Cables Market by Insulation Material, 2019 - 2022, USD Million
TABLE 74 US EV Cables Market by Insulation Material, 2023 - 2030, USD Million
TABLE 75 Canada EV Cables Market, 2019 - 2022, USD Million
TABLE 76 Canada EV Cables Market, 2023 - 2030, USD Million
TABLE 77 Canada EV Cables Market by Shielding Type, 2019 - 2022, USD Million
TABLE 78 Canada EV Cables Market by Shielding Type, 2023 - 2030, USD Million
TABLE 79 Canada EV Cables Market by Application, 2019 - 2022, USD Million
TABLE 80 Canada EV Cables Market by Application, 2023 - 2030, USD Million
TABLE 81 Canada EV Cables Market by Voltage, 2019 - 2022, USD Million
TABLE 82 Canada EV Cables Market by Voltage, 2023 - 2030, USD Million
TABLE 83 Canada EV Cables Market by Component, 2019 - 2022, USD Million
TABLE 84 Canada EV Cables Market by Component, 2023 - 2030, USD Million
TABLE 85 Canada EV Cables Market by EV Type, 2019 - 2022, USD Million
TABLE 86 Canada EV Cables Market by EV Type, 2023 - 2030, USD Million
TABLE 87 Canada EV Cables Market by Insulation Material, 2019 - 2022, USD Million
TABLE 88 Canada EV Cables Market by Insulation Material, 2023 - 2030, USD Million
TABLE 89 Mexico EV Cables Market, 2019 - 2022, USD Million
TABLE 90 Mexico EV Cables Market, 2023 - 2030, USD Million
TABLE 91 Mexico EV Cables Market by Shielding Type, 2019 - 2022, USD Million
TABLE 92 Mexico EV Cables Market by Shielding Type, 2023 - 2030, USD Million
TABLE 93 Mexico EV Cables Market by Application, 2019 - 2022, USD Million
TABLE 94 Mexico EV Cables Market by Application, 2023 - 2030, USD Million
TABLE 95 Mexico EV Cables Market by Voltage, 2019 - 2022, USD Million
TABLE 96 Mexico EV Cables Market by Voltage, 2023 - 2030, USD Million
TABLE 97 Mexico EV Cables Market by Component, 2019 - 2022, USD Million
TABLE 98 Mexico EV Cables Market by Component, 2023 - 2030, USD Million
TABLE 99 Mexico EV Cables Market by EV Type, 2019 - 2022, USD Million
TABLE 100 Mexico EV Cables Market by EV Type, 2023 - 2030, USD Million
TABLE 101 Mexico EV Cables Market by Insulation Material, 2019 - 2022, USD Million
TABLE 102 Mexico EV Cables Market by Insulation Material, 2023 - 2030, USD Million
TABLE 103 Rest of North America EV Cables Market, 2019 - 2022, USD Million
TABLE 104 Rest of North America EV Cables Market, 2023 - 2030, USD Million
TABLE 105 Rest of North America EV Cables Market by Shielding Type, 2019 - 2022, USD Million
TABLE 106 Rest of North America EV Cables Market by Shielding Type, 2023 - 2030, USD Million
TABLE 107 Rest of North America EV Cables Market by Application, 2019 - 2022, USD Million
TABLE 108 Rest of North America EV Cables Market by Application, 2023 - 2030, USD Million
TABLE 109 Rest of North America EV Cables Market by Voltage, 2019 - 2022, USD Million
TABLE 110 Rest of North America EV Cables Market by Voltage, 2023 - 2030, USD Million
TABLE 111 Rest of North America EV Cables Market by Component, 2019 - 2022, USD Million
TABLE 112 Rest of North America EV Cables Market by Component, 2023 - 2030, USD Million
TABLE 113 Rest of North America EV Cables Market by EV Type, 2019 - 2022, USD Million
TABLE 114 Rest of North America EV Cables Market by EV Type, 2023 - 2030, USD Million
TABLE 115 Rest of North America EV Cables Market by Insulation Material, 2019 - 2022, USD Million
TABLE 116 Rest of North America EV Cables Market by Insulation Material, 2023 - 2030, USD Million
TABLE 117 Key Information – HUBER+SUHNER AG
TABLE 118 Key information –TE Connectivity Ltd.
TABLE 119 Key Information – Leoni AG
TABLE 120 Key Information – Aptiv PLC
TABLE 121 Key Information – Nexans S.A.
TABLE 122 Key Information – Sumitomo Electric Industries, Ltd.
TABLE 123 Key information – Elkem ASA
TABLE 124 Key Information – Sinbon Electronics Co., Ltd.
TABLE 125 Key Information – Coroplast Fritz Müller GmbH & Co. KG
TABLE 126 Key Information – Philatron Wire & Cable
List of Figures
FIG 1 Methodology for the research
FIG 2 North America EV Cables Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting the EV Cables Market
FIG 4 Porter’s Five Force Analysis: EV Cables Market
FIG 5 North America EV Cables Market share by Shielding Type, 2022
FIG 6 North America EV Cables Market share by Shielding Type, 2030
FIG 7 North America EV Cables Market by Shielding Type, 2019 - 2030, USD Million
FIG 8 North America EV Cables Market share by Application, 2022
FIG 9 North America EV Cables Market share by Application, 2030
FIG 10 North America EV Cables Market by Application, 2019 - 2030, USD Million
FIG 11 North America EV Cables Market share by Voltage, 2022
FIG 12 North America EV Cables Market share by Voltage, 2030
FIG 13 North America EV Cables Market by Voltage, 2019 - 2030, USD Million
FIG 14 North America EV Cables Market share by Component, 2022
FIG 15 North America EV Cables Market share by Component, 2030
FIG 16 North America EV Cables Market by Component, 2019 - 2030, USD Million
FIG 17 North America EV Cables Market share by EV Type, 2022
FIG 18 North America EV Cables Market share by EV Type, 2030
FIG 19 North America EV Cables Market by EV Type, 2019 - 2030, USD Million
FIG 20 North America EV Cables Market share by Insulation Material, 2022
FIG 21 North America EV Cables Market share by Insulation Material, 2030
FIG 22 North America EV Cables Market by Insulation Material, 2019 - 2030, USD Million
FIG 23 North America EV Cables Market share by Country, 2022
FIG 24 North America EV Cables Market share by Country, 2030
FIG 25 North America EV Cables Market by Country, 2019 - 2030, USD Million
FIG 26 Recent strategies and developments: HUBER+SUHNER AG
FIG 27 SWOT Analysis: HUBER+SUHNER AG
FIG 28 SWOT Analysis: TE Connectivity Ltd
FIG 29 SWOT Analysis: Leoni AG
FIG 30 SWOT Analysis: Aptiv PLC
FIG 31 SWOT Analysis: Nexans S.A.
FIG 32 SWOT Analysis: Sumitomo Electric Industries, Ltd
FIG 33 SWOT Analysis: Elkem ASA
FIG 34 SWOT Analysis: Sinbon Electronics Co., Ltd.
FIG 35 SWOT Analysis: COROPLAST FRITZ MÜLLER GMBH & CO. KG
FIG 36 SWOT Analysis: Philatron Wire & Cable