Automotive High Voltage Cables Market Summary
In automotive, high-voltage cables are used to connect high-voltage batteries, inverters, air-conditioning compressors, three-phase generators and electric motors to realize power transmission.
According to the new market research report "Global Automotive High Voltage Cables Market Report 2023-2029", published by QYResearch, the global Automotive High Voltage Cables market size is projected to grow from USD 1,528.4 million in 2023 to USD 5844.8 million by 2029, at a CAGR of 20.1% during the forecast period.
This report profiles key players of Automotive High Voltage Cables such as LEONI, Sumitomo Electric, Prysmian Group, ACOME, Coroflex, Champlain Cable, OMG and Tition, etc.
In 2022, the global top five Automotive High Voltage Cables players account for 64.3% of market share in terms of revenue. Above figure shows the key players ranked by revenue in Automotive High Voltage Cables.
In terms of product type, Shielded Cables Type is the largest segment, hold a share of 73.5% by market size during 2022, and Unshielded Cables Type shared 26.5%.
In terms of product application, Passenger Car is the largest application, hold a share of 78.7%, A passenger car is a road motor vehicle, other than a moped or a motor cycle, intended for the carriage of passengers and designed to seat no more than nine persons (including the driver).
Market Drivers: The penetration rate of the new energy vehicle market continues to rise, and the demand for new energy vehicle has become the main factor driving the growth of the Automotive High Voltage Cables market.
About The Authors
| Lijun Chen | chenglijun@qyresearch.com |
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About QYResearch
QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.
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