Europe Automotive High Voltage Cable Market Forecast to 2030
Europe 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 Initiatives Related to Safety Requirements and Test Methods for EV High Voltage Systems Fuels the Europe Automotive High Voltage Cable Market
Initiatives toward safety requirements and test methods for EV high voltage systems aim to ensure the efficient and reliable operation of EVs while prioritizing the safety of occupants and the surrounding environment. Properly functioning cables are crucial for the safe operation of automobiles, as any malfunction can lead to serious safety hazards such as short circuits or latency in self-driving vehicle cameras. To address safety concerns, standards such as IEC 62955 have been established. This standard provides guidelines for designing and testing EV high-voltage cables, covering aspects such as electrical performance, mechanical robustness, and environmental resistance. By adhering to these standards, automotive high-voltage cable manufacturers can ensure the safety and reliability of their products.
New policies and regulations have been introduced by governments to regulate factors such as protection against electric shock, electrical isolation, and environmental resistance. These regulations create a framework that promotes the adoption of safe and reliable EV high voltage systems, thereby increasing the need for high-quality cables that meet the specified safety requirements.
Various initiatives are emerging to promote EV high voltage systems and ensure compliance with safety standards. For example, the SAE J1772 standard has established guidelines for charging connectors and communication protocols used in EV charging infrastructure, including high voltage cable. These initiatives provide a roadmap for manufacturers to develop cables that meet the necessary safety and performance standards. As safety regulations and test methods for EV high voltage systems evolve, the demand for automotive high voltage cables also grows. Manufacturers prioritizing safety and adhering to these requirements are well-positioned to meet the increasing market demand. Thus, increasing initiatives regarding safety requirements and test methods for EV high voltage systems drive the growth of the automotive high voltage cables market.
Europe Automotive High Voltage Cable Market Overview
The Europe automotive high voltage cable market is segmented into France, Germany, Italy, Russia, the UK, and the Rest of Europe. The European automotive industry is experiencing rapid growth due to the increasing production of vehicles in countries such as France, Germany, and Italy. According to European Commission, the automotive industry provides direct and indirect jobs to 13.8 million Europeans, representing 15.1% of total European employment. Europe’s EV sector saw significantly more growth than other regions in 2019. According to statistics cited by the European Federation for Transport and Environment, the United Kingdom committed to a net zero emissions target by 2050 and proposed a ban on selling all polluting vehicles by 2035. Several players are launching new EVs in Europe. For instance, in July 2023, E-commerce giant Amazon will deploy its first European vans from Us electric vehicle (EV) maker Rivian in Germany over the coming weeks as part of long-term plans to electrify its transportation network. Near 300 electric vans will hit the roads in the Munich, Berlin, and Dusseldorf regions as part of a 100,000 vehicle order it made in 2019 from Rivian. Additionally, in Sep 2022, MG4 launched the new innovative electric car in Europe. The demand for electric vehicles is increasing in Europe. Several companies in Europe are investing in many projects for high voltage cables. High voltage cables are highly used in EVs. For example, in Jan 2023, Collins announced to coordinate development of new high-voltage distribution technologies with EU industry partners under Clean Aviation HECATE projects. Thus, with the increasing demand for EVs the Europe automotive high voltage cable market is increasing significantly.
Europe Automotive High Voltage Cable Market Revenue and Forecast to 2030 (US$ Mn)
Europe Automotive High Voltage Cable Market Segmentation
The Europe automotive high voltage cable market is segmented into vehicle type, conductor type, core type, and country.
Based on vehicle type, the Europe 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 Europe 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 Europe 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 Europe automotive high voltage cable market is segmented into Germany, the UK, France, Italy, Russia, and the Rest of Europe. Germany dominated the Europe automotive high voltage cable market in 2022.
ACOME Co, Coroplast Fritz Muller GmbH & Co KG, Gebauer & Griller Kabelwerke GesmbH, Huber+Suhner AG, LEONI AG, Prysmian SpA, Shanghai KMCable Group Co Ltd, and Sumitomo Electric Industries Ltd are some of the leading companies operating in the Europe automotive high voltage cable market.
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According to the research team’ research, the Europe automotive high voltage cable market was valued at US$ 737.22 million in 2022 and is expected to reach US$ 1,365.85 million by 2030, registering a CAGR of 8.0% from 2022 to 2030. Increasing production of electric vehicles, rising initiatives related to safety requirements and test methods for EV high voltage systems, and growing demand for premium vehicle are among the critical factors attributed to the Europe automotive high voltage cable market expansion.
Premium vehicles are being launched mostly in the EV segment. These vehicles have new features and high-power requirements. To fulfil the need for high power consumption, high voltage cables are used to minimize charging time and reduce power losses during transmission. Increasing subsidies and initiatives by governments across the world to promote EV adoption and sales propel the manufacturing of premium EVs. The initiative focuses on electrifying public and shared transportation, including e-buses, e-three-wheelers, e-four-wheeler passenger cars, and e-two-wheelers. The scheme creates a favorable environment for the demand for automotive high voltage cables that are essential for the safe and efficient operation of premium vehicles. In January 2023, Tesla reduced the prices of its premium electric cars—Model 3 and Model Y—to match their prices with the costs of gasoline cars. Such reduction in prices can propel the adoption of premium electric cars, which will increase the manufacturing of these cars in the coming years. Therefore, the need for high-voltage cables for the power transmission and charging systems in premium electric cars will grow exponentially. As a result, automotive high voltage cable manufacturers will seize these opportunities by providing reliable and efficient cables that meet the requirements of government initiatives during the forecast period.
On the contrary, availability of counterfeit automotive cables hampers on the growth of Europe automotive high voltage cable market.
Based on vehicle type, the Europe 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 69.5% market share in 2022, amassing US$ 512.39 million. It is projected to garner US$ 974.18 million by 2030 to expand at 8.4% CAGR during 2022–2030.
Based on conductor type, the Europe automotive high voltage cable market is bifurcated into copper and aluminum. The copper segment held 68.8% share of Europe automotive high voltage cable market in 2022, amassing US$ 507.03 million. It is projected to garner US$ 952.78 million by 2030 to expand at 8.2% CAGR during 2022–2030.
Based on core type, the Europe automotive high voltage cable market is segmented into multi core and single core. The multi core segment held 60.5% share of Europe automotive high voltage cable market in 2022, amassing US$ 445.82 million. It is projected to garner US$ 852.10 million by 2030 to expand at 8.4% CAGR during 2022–2030.
Based on country, the Europe automotive high voltage cable market has been categorized into Germany, the UK, France, Italy, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 33.1% share of Europe automotive high voltage cable market in 2022. It was assessed at US$ 243.80 million in 2022 and is likely to hit US$ 489.92 million by 2030, exhibiting a CAGR of 9.1% CAGR during 2022–2030.
Key players operating in the Europe automotive high voltage cable market are ACOME Co, Coroplast Fritz Muller GmbH & Co KG, Gebauer & Griller Kabelwerke GesmbH, Huber+Suhner AG, 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 Europe 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 Europe 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 Europe 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. Europe 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. Europe Automotive High Voltage Cable Market – Key Industry Dynamics
5.1 Europe 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 – Europe Market Analysis
6.1 Europe Automotive High Voltage Cable Market Revenue (US$ Million), 2022 – 2030
6.2 Europe Automotive High Voltage Cable Market Forecast and Analysis
7. Europe 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. Europe 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. Europe 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. Europe Automotive High Voltage Cable Market – Country Analysis
10.1 Overview
10.1.1 Europe Automotive High Voltage Cable Market Revenue and Forecasts and Analysis – By Countries
10.1.1.1 Europe Automotive High Voltage Cable Market Breakdown by Country
10.1.1.2 Germany: Europe Automotive High Voltage Cable Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.2.1 Germany: Europe Automotive High Voltage Cable Market Breakdown by Vehicle Type
10.1.1.2.2 Germany: Europe Automotive High Voltage Cable Market Breakdown by Conductor Type
10.1.1.2.3 Germany: Europe Automotive High Voltage Cable Market Breakdown by Core Type
10.1.1.3 UK: Europe Automotive High Voltage Cable Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.3.1 UK: Europe Automotive High Voltage Cable Market Breakdown by Vehicle Type
10.1.1.3.2 UK: Europe Automotive High Voltage Cable Market Breakdown by Conductor Type
10.1.1.3.3 UK: Europe Automotive High Voltage Cable Market Breakdown by Core Type
10.1.1.4 France: Europe Automotive High Voltage Cable Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.4.1 France: Europe Automotive High Voltage Cable Market Breakdown by Vehicle Type
10.1.1.4.2 France: Europe Automotive High Voltage Cable Market Breakdown by Conductor Type
10.1.1.4.3 France: Europe Automotive High Voltage Cable Market Breakdown by Core Type
10.1.1.5 Italy: Europe Automotive High Voltage Cable Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.5.1 Italy: Europe Automotive High Voltage Cable Market Breakdown by Vehicle Type
10.1.1.5.2 Italy: Europe Automotive High Voltage Cable Market Breakdown by Conductor Type
10.1.1.5.3 Italy: Europe Automotive High Voltage Cable Market Breakdown by Core Type
10.1.1.6 Russia: Europe Automotive High Voltage Cable Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.6.1 Russia: Europe Automotive High Voltage Cable Market Breakdown by Vehicle Type
10.1.1.6.2 Russia: Europe Automotive High Voltage Cable Market Breakdown by Conductor Type
10.1.1.6.3 Russia: Europe Automotive High Voltage Cable Market Breakdown by Core Type
10.1.1.7 Rest of Europe: Europe Automotive High Voltage Cable Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.7.1 Rest of Europe: Europe Automotive High Voltage Cable Market Breakdown by Vehicle Type
10.1.1.7.2 Rest of Europe: Europe Automotive High Voltage Cable Market Breakdown by Conductor Type
10.1.1.7.3 Rest of Europe: Europe 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. Europe Automotive High Voltage Cable Market Industry Landscape
12.1 Overview
12.2 Market Initiatives
12.3 New Product Developments
13. Company Profiles
13.1 ACOME Co
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 Huber+Suhner AG
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 Prysmian SpA
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 LEONI AG
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 Coroplast Fritz Muller GmbH & Co KG
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 Sumitomo Electric Industries Ltd
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 Shanghai KMCable Group Co 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 Gebauer & Griller Kabelwerke GesmbH
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. Europe Automotive High Voltage Cable Market Segmentation
Table 2. Europe Automotive High Voltage Cable Market Revenue and Forecasts To 2030 (US$ Million)
Table 3. Europe Automotive High Voltage Cable Market Revenue and Forecasts To 2030 (US$ Million) – Vehicle Type
Table 4. Europe Automotive High Voltage Cable Market Revenue and Forecasts To 2030 (US$ Million) – Conductor Type
Table 5. Europe Automotive High Voltage Cable Market Revenue and Forecasts To 2030 (US$ Million) – Core Type
Table 6. Germany: Europe Automotive High Voltage Cable Market Revenue and Forecasts To 2030 (US$ Mn) – By Vehicle Type
Table 7. Germany: Europe Automotive High Voltage Cable Market Revenue and Forecasts To 2030 (US$ Mn) – By Conductor Type
Table 8. Germany: Europe Automotive High Voltage Cable Market Revenue and Forecasts To 2030 (US$ Mn) – By Core Type
Table 9. UK: Europe Automotive High Voltage Cable Market Revenue and Forecasts To 2030 (US$ Mn) – By Vehicle Type
Table 10. UK: Europe Automotive High Voltage Cable Market Revenue and Forecasts To 2030 (US$ Mn) – By Conductor Type
Table 11. UK: Europe Automotive High Voltage Cable Market Revenue and Forecasts To 2030 (US$ Mn) – By Core Type
Table 12. France: Europe Automotive High Voltage Cable Market Revenue and Forecasts To 2030 (US$ Mn) – By Vehicle Type
Table 13. France: Europe Automotive High Voltage Cable Market Revenue and Forecasts To 2030 (US$ Mn) – By Conductor Type
Table 14. France: Europe Automotive High Voltage Cable Market Revenue and Forecasts To 2030 (US$ Mn) – By Core Type
Table 15. Italy: Europe Automotive High Voltage Cable Market Revenue and Forecasts To 2030 (US$ Mn) – By Vehicle Type
Table 16. Italy: Europe Automotive High Voltage Cable Market Revenue and Forecasts To 2030 (US$ Mn) – By Conductor Type
Table 17. Italy: Europe Automotive High Voltage Cable Market Revenue and Forecasts To 2030 (US$ Mn) – By Core Type
Table 18. Russia: Europe Automotive High Voltage Cable Market Revenue and Forecasts To 2030 (US$ Mn) – By Vehicle Type
Table 19. Russia: Europe Automotive High Voltage Cable Market Revenue and Forecasts To 2030 (US$ Mn) – By Conductor Type
Table 20. Russia: Europe Automotive High Voltage Cable Market Revenue and Forecasts To 2030 (US$ Mn) – By Core Type
Table 21. Rest of Europe: Europe Automotive High Voltage Cable Market Revenue and Forecasts To 2030 (US$ Mn) – By Vehicle Type
Table 22. Rest of Europe: Europe Automotive High Voltage Cable Market Revenue and Forecasts To 2030 (US$ Mn) – By Conductor Type
Table 23. Rest of Europe: Europe Automotive High Voltage Cable Market Revenue and Forecasts To 2030 (US$ Mn) – By Core Type
Table 24. Company Positioning & Concentration
Table 25. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Automotive High Voltage Cable Market Segmentation, By Country
Figure 2. PEST Analysis
Figure 3. Ecosystem: Europe Automotive High Voltage Cable Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Europe Automotive High Voltage Cable Market Breakdown by Country, 2022 and 2030 (%)
Figure 6. Europe Automotive High Voltage Cable Market Revenue (US$ Million), 2022 – 2030
Figure 7. Europe 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. Europe 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. Europe 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. Europe Automotive High Voltage Cable Market, by Key Country- Revenue (2022) (US$ Mn)
Figure 18. Europe Automotive High Voltage Cable Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 19. Germany: Europe Automotive High Voltage Cable Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 20. UK: Europe Automotive High Voltage Cable Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 21. France: Europe Automotive High Voltage Cable Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 22. Italy: Europe Automotive High Voltage Cable Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 23. Russia: Europe Automotive High Voltage Cable Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 24. Rest of Europe: Europe Automotive High Voltage Cable Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 25. Heat Map Analysis By Key Players
The List of Companies – Europe Automotive High Voltage Cable Market
o ACOME Co
o Coroplast Fritz Muller GmbH & Co KG
o Gebauer & Griller Kabelwerke GesmbH
o Huber+Suhner AG
o LEONI AG
o Prysmian SpA
o Shanghai KMCable Group Co Ltd
o Sumitomo Electric Industries Ltd
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