North America Automotive High Voltage Cable Market Forecast to 2030

North America Automotive High Voltage Cable Market Forecast to 2030

North America 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

The North America automotive high voltage cable market was valued at US$ 430.39 million in 2022 and is expected to reach US$ 775.04 million by 2030; it is estimated to grow at a CAGR of 7.6% from 2022 to 2030.

Increasing Production of Electric Vehicles Fuels the North America Automotive High Voltage Cable Market

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. High-voltage cables play a vital role in enabling efficient power transmission. 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 North America automotive high-voltage cables market growth.

North America Automotive High Voltage Cable Market Overview

North America’s automotive high voltage cable market is sub-segmented into the US, Canada, and Mexico. Despite the unprecedented global economic downturn caused by the COVID-19 pandemic, the global transition to electric vehicles maintained its momentum in 2020. According to the International Council on Clean Transportation report in 2021, with nearly 330,000 new sales in 2020, the US is the third largest electric vehicle market. Governments of North American countries are taking significant initiatives to produce or develop the electric vehicle industry. Automotive manufacturers are also focusing on investing in manufacturing electric vehicles (EVs) in North America, which is expanding faster. As per the data published by the International Energy Agency (IEA), the demand for battery electric vehicles (BEV) in the US increased from 231 thousand units in 2020 to 466 thousand units in 2021, and plug-in hybrid electric vehicles (PHEV) increased from 64 thousand units in 2020 to 165 thousand units. Thus, such growth prospects in the EV industry are augmenting the demand for deploying high voltage cables. High voltage cables can transmit electricity to longer distances. By using these cables, almost negligible current loss takes place due to leakage as it is highly insulated. High vehicle cable is used in the EVs to enhance the safety and comfort features that help drive the market growth over the projected timeframe.

North America Automotive High Voltage Cable Market Revenue and Forecast to 2030 (US$ Mn)

North America Automotive High Voltage Cable Market Segmentation

The North America automotive high voltage cable market is segmented into vehicle type, conductor type, core type, and country.

Based on vehicle type, the North America 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 North America 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 North America 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 North America automotive high voltage cable market is segmented into the US, Canada, and Mexico. The US dominated the North America automotive high voltage cable market in 2022.

Champlain Cable Corp, 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 North America automotive high voltage cable market.

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At 7.6% CAGR, the North America Automotive High Voltage Cable Market is speculated to be worth US$ 775.04 million by 2030, says the research team

According to the research team’ research, the North America automotive high voltage cable market was valued at US$ 430.39 million in 2022 and is expected to reach US$ 775.04 million by 2030, registering a CAGR of 7.6% 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 North America automotive high voltage cable market expansion.

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 North America automotive high-voltage cables market.

On the contrary, availability of counterfeit automotive cables hampers on the growth of North America automotive high voltage cable market.

Based on vehicle type, the North America 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 70.9% market share in 2022, amassing US$ 305.34 million. It is projected to garner US$ 563.52 million by 2030 to expand at 8.0% CAGR during 2022–2030.

Based on conductor type, the North America automotive high voltage cable market is bifurcated into copper and aluminum. The copper segment held 69.9% share of North America automotive high voltage cable market in 2022, amassing US$ 300.74 million. It is projected to garner US$ 548.93 million by 2030 to expand at 7.8% CAGR during 2022–2030.

Based on core type, the North America automotive high voltage cable market is segmented into multi core and single core. The multi core segment held 59.8% share of North America automotive high voltage cable market in 2022, amassing US$ 257.30 million. It is projected to garner US$ 480.37 million by 2030 to expand at 8.1% CAGR during 2022–2030.

Based on country, the North America automotive high voltage cable market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 84.9% share of North America automotive high voltage cable market in 2022. It was assessed at US$ 365.48 million in 2022 and is likely to hit US$ 667.29 million by 2030, exhibiting a CAGR of 7.8% during 2022–2030.

Key players operating in the North America automotive high voltage cable market are Champlain Cable Corp, Coroplast Fritz Muller GmbH & Co KG, Gebauer & Griller Kabelwerke GmbH, Huber+Suhner AG, LEONI AG, Prysmian SpA, Shanghai KMCable Group Co Ltd, and Sumitomo Electric Industries Ltd, among others.

In 2023, HUBER+SUHNER updated its SUCOFLEX 570S cable assembly for the Test and Measurement and High Speed Digital industries. Offering an excellent price performance ratio, this high-quality solution can be adapted for customer-specific needs.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America 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 North America 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 North America 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. North America 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. North America Automotive High Voltage Cable Market – Key Industry Dynamics
5.1 North America 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 – North America Market Analysis
6.1 North America Automotive High Voltage Cable Market Revenue (US$ Million), 2022 – 2030
6.2 North America Automotive High Voltage Cable Market Forecast and Analysis
7. North America 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. North America 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. North America 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. North America Automotive High Voltage Cable Market – Country Analysis
10.1 Overview
10.1.1 North America Automotive High Voltage Cable Market Revenue and Forecasts and Analysis – By Countries
10.1.1.1 North America Automotive High Voltage Cable Market Breakdown by Country
10.1.1.2 US: North America Automotive High Voltage Cable Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.2.1 US: North America Automotive High Voltage Cable Market Breakdown by Vehicle Type
10.1.1.2.2 US: North America Automotive High Voltage Cable Market Breakdown by Conductor Type
10.1.1.2.3 US: North America Automotive High Voltage Cable Market Breakdown by Core Type
10.1.1.3 Canada: North America Automotive High Voltage Cable Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.3.1 Canada: North America Automotive High Voltage Cable Market Breakdown by Vehicle Type
10.1.1.3.2 Canada: North America Automotive High Voltage Cable Market Breakdown by Conductor Type
10.1.1.3.3 Canada: North America Automotive High Voltage Cable Market Breakdown by Core Type
10.1.1.4 Mexico: North America Automotive High Voltage Cable Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.4.1 Mexico: North America Automotive High Voltage Cable Market Breakdown by Vehicle Type
10.1.1.4.2 Mexico: North America Automotive High Voltage Cable Market Breakdown by Conductor Type
10.1.1.4.3 Mexico: North America 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. North America Automotive High Voltage Cable Market Industry Landscape
12.1 Overview
12.2 Market Initiatives
12.3 New Product Developments
13. Company Profiles
13.1 Huber+Suhner AG
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 Prysmian SpA
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 LEONI 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 Coroplast Fritz Muller GmbH & Co KG
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 Champlain Cable Corp
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. North America Automotive High Voltage Cable Market Segmentation
Table 2. North America Automotive High Voltage Cable Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. North America Automotive High Voltage Cable Market Revenue and Forecasts to 2030 (US$ Million) – Vehicle Type
Table 4. North America Automotive High Voltage Cable Market Revenue and Forecasts to 2030 (US$ Million) – Conductor Type
Table 5. North America Automotive High Voltage Cable Market Revenue and Forecasts to 2030 (US$ Million) – Core Type
Table 6. US: North America Automotive High Voltage Cable Market Revenue and Forecasts to 2030 (US$ Mn) – By Vehicle Type
Table 7. US: North America Automotive High Voltage Cable Market Revenue and Forecasts to 2030 (US$ Mn) – By Conductor Type
Table 8. US: North America Automotive High Voltage Cable Market Revenue and Forecasts to 2030 (US$ Mn) – By Core Type
Table 9. Canada: North America Automotive High Voltage Cable Market Revenue and Forecasts to 2030 (US$ Mn) – By Vehicle Type
Table 10. Canada: North America Automotive High Voltage Cable Market Revenue and Forecasts to 2030 (US$ Mn) – By Conductor Type
Table 11. Canada: North America Automotive High Voltage Cable Market Revenue and Forecasts to 2030 (US$ Mn) – By Core Type
Table 12. Mexico: North America Automotive High Voltage Cable Market Revenue and Forecasts to 2030 (US$ Mn) – By Vehicle Type
Table 13. Mexico: North America Automotive High Voltage Cable Market Revenue and Forecasts to 2030 (US$ Mn) – By Conductor Type
Table 14. Mexico: North America Automotive High Voltage Cable Market Revenue and Forecasts to 2030 (US$ Mn) – By Core Type
Table 15. Company Positioning & Concentration
Table 16. List of Abbreviation

LIST OF FIGURES

Figure 1. North America Automotive High Voltage Cable Market Segmentation, By Country
Figure 2. PEST Analysis
Figure 3. Ecosystem: North America Automotive High Voltage Cable Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. North America Automotive High Voltage Cable Market Breakdown by Country, 2022 and 2030 (%)
Figure 6. North America Automotive High Voltage Cable Market Revenue (US$ Million), 2022 – 2030
Figure 7. North America 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. North America 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. North America 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. North America Automotive High Voltage Cable Market, by Key Country- Revenue (2022) (US$ Mn)
Figure 18. North America Automotive High Voltage Cable Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 19. US: North America Automotive High Voltage Cable Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 20. Canada: North America Automotive High Voltage Cable Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 21. Mexico: North America Automotive High Voltage Cable Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 22. Heat Map Analysis By Key Players

The List of Companies – North America Automotive High Voltage Cable Market

o Champlain Cable Corp
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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