Asia Pacific Automotive High Voltage Cable Market Forecast to 2030
Asia Pacific Automotive High Voltage Cable Market Forecast to 2030 – Regional Analysis – by Vehicle Type [(Battery Electric Vehicles (BEV), Plugin Hybrid Electric Vehicles (PHEV), Plugin Hybrid Vehicles (PHV)], Conductor Type (Copper and Aluminum), and Core Type (Multi Core and Single Core)
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Description
Increasing Usage of Advanced Features in Vehicles Fuels the Asia Pacific Automotive High Voltage Cable Market
Governments, private companies, and industry players have substantially invested in the development of EVs and innovative features of EVs to decrease the reliability on fossil fuel vehicles. To meet the diverse needs of EV users, manufacturers such as WAI, Leoni, and Green Cell have introduced a range of EV charging cables. These cables adhere to different charging standards and specific power transmission requirements, making them compatible with vehicles of Audi, BMW, Tesla, and other well-known brands. Manufacturers have obtained TUV certification for their cables, ensuring safety and quality standard compliance. Extension cables have also been introduced, extending existing charging cables and enhancing convenience for EV owners. These new features introduced in high voltage cables help reduce charging time and minimize power losses during transmission.
Additionally, new features such as liquid-cooled solutions and improved durability have increased the performance and reliability of the cables. As the world transitions toward a greener and sustainable future, governments across the world recognize the importance of promoting EV adoption and reducing emissions. They are investing in expanding alternatives to conventional automotive options. With anticipated technological advancements, policy changes, and market dynamics further shaping the industry. Therefore, there will be a rising demand for high voltage cables with innovative features ensuring safer and higher performance in the coming years.
Asia Pacific Automotive High Voltage Cable Market Overview
Asia Pacific is witnessing rapid economic growth and an increase in the disposable incomes of middle-class consumers, which are the prominent factors responsible for the surge in demand for electric vehicles. Several Asia Pacific countries, including China, witnessed a rise in EV adoption, while others are in the preliminary stages of the transition. In developing countries, many barriers, such as high acquisition costs, the need for new safety and technical standards, and costs for developing charging infrastructure, are hampering the adoption of EVs. Asia Pacific experienced one of the leading global e-mobility revolutions, which created huge opportunities for market players to reduce air pollution and raise the quality of public transport in the region. Governments of various countries in Asia Pacific are taking various initiatives on electric mobility. In August 2022, The Economic and Social Commission of Asia and Pacific (ESCAP) launched an initiative on electric mobility to promote the growth of electric mobility in public transport to reduce vehicle emissions and dependence on fossil fuels for transport operations.
Asia Pacific Automotive High Voltage Cable Market Revenue and Forecast to 2030 (US$ Mn)
Asia Pacific Automotive High Voltage Cable Market Segmentation
The Asia Pacific automotive high voltage cable market is segmented into vehicle type, conductor type, core type, and country.
Based on vehicle type, the Asia Pacific automotive high voltage cable market is segmented into battery electric vehicles (BEV), plugin hybrid electric vehicles (PHEV), plugin hybrid vehicles (PHV). The battery electric vehicles (BEV) segment held the largest market share in 2022.
Based on conductor type, the Asia Pacific automotive high voltage cable market is bifurcated into copper and aluminum. The copper segment held a larger market share in 2022.
Based on core type, the Asia Pacific automotive high voltage cable market is segmented into multi core and single core. The multi core segment held a larger market share in 2022.
Based on country, the Asia Pacific automotive high voltage cable market is segmented into China, Japan, South Korea, India, and the Rest of Asia Pacific. China dominated the Asia Pacific automotive high voltage cable market in 2022.
ACOME Co, Coroplast Fritz Muller GmbH & Co KG, Huber+Suhner AG, JYFT, LEONI AG, Prysmian SpA, Shanghai KMCable Group Co Ltd, and Sumitomo Electric Industries Ltd are some of the leading companies operating in the Asia Pacific automotive high voltage cable market.
Summary Info
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According to the research team’ research, the Asia Pacific automotive high voltage cable market was valued at US$ 1,941.67 million in 2022 and is expected to reach US$ 3,850.53 million by 2030, registering a CAGR of 8.9% from 2022 to 2030. Increasing production of electric vehicles and rising initiatives related to safety requirements and test methods for EV high voltage systems are the critical factors attributed to the Asia Pacific automotive high voltage cable market expansion.
Electric vehicles (EVs) rely on high-power motors and large-capacity batteries, necessitating the use of high-voltage cables for power transmission. The cables offer benefits such as faster charging, carrying bulk power, improving voltage regulation, reducing voltage drop, and minimizing power losses. Initiatives such as the EVOLVE project have been established to support the growing demand for EVs. In June 2023, the Small Industries Development Bank of India (SIDBI) collaborated with Niti Aayog, the World Bank, the Korea-World Bank Partnership Facility, and the Korean Economic Development Cooperation Fund to provide funds to Micro and Small & Medium Enterprises (SMEs) for the production of 50,000 electric vehicles in India. Rising transition to EVs propels power usage and its transmission, fueling the demand for automotive high-voltage cables. Thus, effective cables are being launched by the key market players. Therefore, increasing production of EVs bolsters the Asia Pacific automotive high-voltage cables market growth.
On the contrary, availability of counterfeit automotive cables hampers on the growth of Asia Pacific automotive high voltage cable market.
Based on vehicle type, the Asia Pacific automotive high voltage cable market is segmented into battery electric vehicles (BEV), plugin hybrid electric vehicles (PHEV), plugin hybrid vehicles (PHV). The battery electric vehicles (BEV) segment held 74.6% market share in 2022, amassing US$ 1,448.01 million. It is projected to garner US$ 2,929.01 million by 2030 to expand at 9.2% CAGR during 2022–2030.
Based on conductor type, the Asia Pacific automotive high voltage cable market is bifurcated into copper and aluminum. The copper segment held 66.2% share of Asia Pacific automotive high voltage cable market in 2022, amassing US$ 1,286.23 million. It is projected to garner US$ 2,591.47 million by 2030 to expand at 9.2% CAGR during 2022–2030.
Based on core type, the Asia Pacific automotive high voltage cable market is segmented into multi core and single core. The multi core segment held 58.3% share of Asia Pacific automotive high voltage cable market in 2022, amassing US$ 1,132.89 million. It is projected to garner US$ 2,309.35 million by 2030 to expand at 9.3% CAGR during 2022–2030.
Based on country, the Asia Pacific automotive high voltage cable market has been categorized into China, Japan, South Korea, India, and the Rest of Asia Pacific. Our regional analysis states that China captured 60.2% share of Asia Pacific automotive high voltage cable market in 2022. It was assessed at US$ 1,167.91 million in 2022 and is likely to hit US$ 2,393.21 million by 2030, exhibiting a CAGR of 9.4% CAGR during 2022–2030.
Key players operating in the Asia Pacific automotive high voltage cable market are ACOME Co, Coroplast Fritz Muller GmbH & Co KG, Huber+Suhner AG, JYFT, LEONI AG, Prysmian SpA, Shanghai KMCable Group Co Ltd, and Sumitomo Electric Industries Ltd, among others.
In 2022, ACOME presented its new ranges at High voltage power cables with our E-layer technology, Twinskin, Datacables, developed and patented by ACOME to build the spine of the powernet architecture inside electric and hybrid vehicles.
o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific automotive high voltage cable market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in Asia Pacific automotive high voltage cable market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
TABLE OF CONTENTS
1. Introduction
1.1 The Research Team Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Automotive High Voltage Cable Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers:
4.3.2 Manufacturers:
4.3.3 Distributors or Suppliers:
4.3.4 End User:
4.3.5 List of Vendors in the Value Chain:
5. Asia Pacific Automotive High Voltage Cable Market – Key Industry Dynamics
5.1 Asia Pacific Automotive High Voltage Cable Market – Key Industry Dynamics
5.2 Market Drivers
5.2.1 Increasing Production of Electric Vehicles
5.2.2 Increasing Initiatives Related to Safety Requirements and Test Methods for EV High Voltage Systems
5.3 Market Restraints
5.3.1 Availability of Counterfeit Automotive Cables
5.4 Market Opportunities
5.4.1 Growing Demand for Premium Vehicles
5.5 Future Trends
5.5.1 Increasing Usage of Advanced Features in Vehicles
5.6 Impact of Drivers and Restraints:
6. Automotive High Voltage Cable Market – Asia Pacific Market Analysis
6.1 Asia Pacific Automotive High Voltage Cable Market Revenue (US$ Million), 2022 – 2030
6.2 Asia Pacific Automotive High Voltage Cable Market Forecast and Analysis
7. Asia Pacific Automotive High Voltage Cable Market Analysis – Vehicle Type
7.1 Battery Electric Vehicles (BEV)
7.1.1 Overview
7.1.2 Battery Electric Vehicles (BEV) Market Revenue and Forecast to 2030 (US$ Million)
7.2 Plugin Hybrid Electric Vehicles (PHEV)
7.2.1 Overview
7.2.2 Plugin Hybrid Electric Vehicles (PHEV) Market Revenue and Forecast to 2030 (US$ Million)
7.3 Hybrid Electric Vehicles (HEV)
7.3.1 Overview
7.3.2 Hybrid Electric Vehicles (HEV) Market Revenue and Forecast to 2030 (US$ Million)
8. Asia Pacific Automotive High Voltage Cable Market Analysis – Conductor Type
8.1 Copper
8.1.1 Overview
8.1.2 Copper Market Revenue, and Forecast to 2030 (US$ Million)
8.2 Aluminum
8.2.1 Overview
8.2.2 Aluminum Market Revenue, and Forecast to 2030 (US$ Million)
9. Asia Pacific Automotive High Voltage Cable Market Analysis – Core Type
9.1 Multi Core
9.1.1 Overview
9.1.2 Multi Core Market Revenue, and Forecast to 2030 (US$ Million)
9.2 Single Core
9.2.1 Overview
9.2.2 Single Core Market Revenue, and Forecast to 2030 (US$ Million)
10. Asia Pacific Automotive High Voltage Cable Market – Country Analysis
10.1 Overview
10.1.1 Asia Pacific Automotive High Voltage Cable Market Revenue and Forecasts and Analysis – By Countries
10.1.1.1 Asia Pacific Automotive High Voltage Cable Market Breakdown by Country
10.1.1.2 China: Asia Pacific Automotive High Voltage Cable Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.2.1 China: Asia Pacific Automotive High Voltage Cable Market Breakdown by Vehicle Type
10.1.1.2.2 China: Asia Pacific Automotive High Voltage Cable Market Breakdown by Conductor Type
10.1.1.2.3 China: Asia Pacific Automotive High Voltage Cable Market Breakdown by Core Type
10.1.1.3 Japan: Asia Pacific Automotive High Voltage Cable Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.3.1 Japan: Asia Pacific Automotive High Voltage Cable Market Breakdown by Vehicle Type
10.1.1.3.2 Japan: Asia Pacific Automotive High Voltage Cable Market Breakdown by Conductor Type
10.1.1.3.3 Japan: Asia Pacific Automotive High Voltage Cable Market Breakdown by Core Type
10.1.1.4 South Korea: Asia Pacific Automotive High Voltage Cable Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.4.1 South Korea: Asia Pacific Automotive High Voltage Cable Market Breakdown by Vehicle Type
10.1.1.4.2 South Korea: Asia Pacific Automotive High Voltage Cable Market Breakdown by Conductor Type
10.1.1.4.3 South Korea: Asia Pacific Automotive High Voltage Cable Market Breakdown by Core Type
10.1.1.5 India: Asia Pacific Automotive High Voltage Cable Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.5.1 India: Asia Pacific Automotive High Voltage Cable Market Breakdown by Vehicle Type
10.1.1.5.2 India: Asia Pacific Automotive High Voltage Cable Market Breakdown by Conductor Type
10.1.1.5.3 India: Asia Pacific Automotive High Voltage Cable Market Breakdown by Core Type
10.1.1.6 Rest of Asia Pacific: Asia Pacific Automotive High Voltage Cable Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.6.1 Rest of Asia Pacific: Asia Pacific Automotive High Voltage Cable Market Breakdown by Vehicle Type
10.1.1.6.2 Rest of Asia Pacific: Asia Pacific Automotive High Voltage Cable Market Breakdown by Conductor Type
10.1.1.6.3 Rest of Asia Pacific: Asia Pacific Automotive High Voltage Cable Market Breakdown by Core Type
11. Competitive Landscape
11.1 Heat Map Analysis By Key Players
11.2 Company Positioning & Concentration
12. Asia Pacific Automotive High Voltage Cable Market Industry Landscape
12.1 Overview
12.2 Market Initiatives
12.3 New Product Developments
13. Company Profiles
13.1 JYFT
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 ACOME Co
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Huber+Suhner AG
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Prysmian SpA
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 LEONI AG
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Coroplast Fritz Muller GmbH & Co KG
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Sumitomo Electric Industries Ltd
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Shanghai KMCable Group Co Ltd
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
14. Appendix
14.1 About Research Team
14.2 Word Index
LIST OF TABLES
Table 1. Asia Pacific Automotive High Voltage Cable Market Segmentation
Table 2. Asia Pacific Automotive High Voltage Cable Market Revenue and Forecasts To 2030 (US$ Million)
Table 3. Asia Pacific Automotive High Voltage Cable Market Revenue and Forecasts To 2030 (US$ Million) – Vehicle Type
Table 4. Asia Pacific Automotive High Voltage Cable Market Revenue and Forecasts To 2030 (US$ Million) – Conductor Type
Table 5. Asia Pacific Automotive High Voltage Cable Market Revenue and Forecasts To 2030 (US$ Million) – Core Type
Table 6. China: Asia Pacific Automotive High Voltage Cable Market Revenue and Forecasts To 2030 (US$ Mn) – By Vehicle Type
Table 7. China: Asia Pacific Automotive High Voltage Cable Market Revenue and Forecasts To 2030 (US$ Mn) – By Conductor Type
Table 8. China: Asia Pacific Automotive High Voltage Cable Market Revenue and Forecasts To 2030 (US$ Mn) – By Core Type
Table 9. Japan: Asia Pacific Automotive High Voltage Cable Market Revenue and Forecasts To 2030 (US$ Mn) – By Vehicle Type
Table 10. Japan: Asia Pacific Automotive High Voltage Cable Market Revenue and Forecasts To 2030 (US$ Mn) – By Conductor Type
Table 11. Japan: Asia Pacific Automotive High Voltage Cable Market Revenue and Forecasts To 2030 (US$ Mn) – By Core Type
Table 12. South Korea: Asia Pacific Automotive High Voltage Cable Market Revenue and Forecasts To 2030 (US$ Mn) – By Vehicle Type
Table 13. South Korea: Asia Pacific Automotive High Voltage Cable Market Revenue and Forecasts To 2030 (US$ Mn) – By Conductor Type
Table 14. South Korea: Asia Pacific Automotive High Voltage Cable Market Revenue and Forecasts To 2030 (US$ Mn) – By Core Type
Table 15. India: Asia Pacific Automotive High Voltage Cable Market Revenue and Forecasts To 2030 (US$ Mn) – By Vehicle Type
Table 16. India: Asia Pacific Automotive High Voltage Cable Market Revenue and Forecasts To 2030 (US$ Mn) – By Conductor Type
Table 17. India: Asia Pacific Automotive High Voltage Cable Market Revenue and Forecasts To 2030 (US$ Mn) – By Core Type
Table 18. Rest of Asia Pacific: Asia Pacific Automotive High Voltage Cable Market Revenue and Forecasts To 2030 (US$ Mn) – By Vehicle Type
Table 19. Rest of Asia Pacific: Asia Pacific Automotive High Voltage Cable Market Revenue and Forecasts To 2030 (US$ Mn) – By Conductor Type
Table 20. Rest of Asia Pacific: Asia Pacific Automotive High Voltage Cable Market Revenue and Forecasts To 2030 (US$ Mn) – By Core Type
Table 21. Company Positioning & Concentration
Table 22. List of Abbreviation
LIST OF FIGURES
Figure 1. Asia Pacific Automotive High Voltage Cable Market Segmentation, By Country
Figure 2. PEST Analysis
Figure 3. Ecosystem: Asia Pacific Automotive High Voltage Cable Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Asia Pacific Automotive High Voltage Cable Market Breakdown by Country, 2022 and 2030 (%)
Figure 6. Asia Pacific Automotive High Voltage Cable Market Revenue (US$ Million), 2022 – 2030
Figure 7. Asia Pacific Automotive High Voltage Cable Market Share (%) – Vehicle Type, 2022 and 2030
Figure 8. Battery Electric Vehicles (BEV) Market Revenue and Forecasts To 2030 (US$ Million)
Figure 9. Plugin Hybrid Electric Vehicles (PHEV) Market Revenue and Forecasts To 2030 (US$ Million)
Figure 10. Hybrid Electric Vehicles (HEV) Market Revenue and Forecasts To 2030 (US$ Million)
Figure 11. Asia Pacific Automotive High Voltage Cable Market Share (%) – Conductor Type, 2022 and 2030
Figure 12. Copper Market Revenue and Forecasts To 2030 (US$ Million)
Figure 13. Aluminum Market Revenue and Forecasts To 2030 (US$ Million)
Figure 14. Asia Pacific Automotive High Voltage Cable Market Share (%) – Core Type, 2022 and 2030
Figure 15. Multi Core Market Revenue and Forecasts To 2030 (US$ Million)
Figure 16. Single Core Market Revenue and Forecasts To 2030 (US$ Million)
Figure 17. Asia Pacific Automotive High Voltage Cable Market, by Key Country- Revenue (2022) (US$ Mn)
Figure 18. Asia Pacific Automotive High Voltage Cable Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 19. China: Asia Pacific Automotive High Voltage Cable Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 20. Japan: Asia Pacific Automotive High Voltage Cable Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 21. South Korea: Asia Pacific Automotive High Voltage Cable Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 22. India: Asia Pacific Automotive High Voltage Cable Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 23. Rest of Asia Pacific: Asia Pacific Automotive High Voltage Cable Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 24. Heat Map Analysis By Key Players
The List of Companies – Asia Pacific Automotive High Voltage Cable Market
o ACOME Co
o Coroplast Fritz Muller GmbH & Co KG
o Huber+Suhner AG
o JYFT
o LEONI AG
o Prysmian SpA
o Shanghai KMCable Group Co Ltd
o Sumitomo Electric Industries Ltd
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