EV Cables Market

Leoni AG (Germany) and Huber+ Suhner (Switzerland) are the Major Players in the EV Cables Market

The global EV cables market is projected to grow at a CAGR of 26.9% during the forecast period, to reach USD 13.1 billion by 2026 from an estimated USD 3.9 billion in 2021. The forecast period is 2021 to 2026. Factors such as increasing focus of automakers to introduce fuel-efficient vehicles and stringent emissions norms would drive the growth of the market.

The major market players include Leoni AG (Germany), Huber+ Suhner (Switzerland), Sumitomo Electric Industries., Ltd (Japan), Aptiv (Ireland), Nexans (France). These players have adopted various growth strategies such as partnerships, agreements, collaborations, and new product launches to expand their presence in the global market. Partnerships and new product launches have helped the key players innovate their offerings and broaden their customer base.

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Leoni AG is a global provider of products and solutions for energy and data management in the automotive sector and other industries. It makes both standard and special cables and custom-developed wiring systems and related components. The company supplies products and services to the data communication & networks, healthcare, process industry, transportation, energy & infrastructure, factory automation, machinery & sensors, and marine industries. Leoni AG operates through various subsidiaries such as Leoni Wiring Systems UK Ltd, Leoni Kabel Holdings GmbH, LeoniWiring Systems Pitesti Srl., and Leoni Bordnetz-Systeme GmbH. It has an integrated network for research & development, production, distribution, and service. It provides tailor-made support to customers in more than 100 countries. It operates across two business divisions: wiring systems and wire & cable solutions.

Huber+Suhner is a fiber optic cable manufacturing company that provides products and services for electrical and optical connectivity needs. It focuses on the industrial, communication, and transportation markets for radio frequency, fiber optics, and low frequency. Its global production network and subsidiaries are in over 80 countries. Huber+Suhner are Polatis Incorporated, Huber & Suhner (Australia) Pty Ltd, Huber+ Suhner Cube Optics AG, Huber+ Suhner Astrolab, Inc, Huber+Suhner (UK) Limited, Huber+Suhner Electronics Private Limited are some of its subsidiaries. The company also offers solutions for the automotive, defense, railway, space, aviation, medical, marines, and energy industries. It provides high voltage cable systems for electric vehicles such as trucks, buses, and special vehicles to offer a full range of mechanical and electrical solutions to transmit and distribute power.

Sumitomo Electric Industries, Ltd. is a manufacturer of electric wire and optical fiber cables. It operates in five business fields: automotive, information & communications, electronics, environment & energy, and industrial materials. The company has more than 400 subsidiaries and over 280,000 employees in more than 30 countries. It is also the leading manufacturer of composite semiconductors widely used in semiconductor lasers, LEDs, and mobile telecommunications devices. It is one of the top manufacturers of optical fibers worldwide. The company is present across Japan, Asia, the Americas, Europe and others. Its subsidiaries include Sumitomo Wiring Systems, Ltd, Sumitomo Riko, Sumitomo Densetsu Co., Ltd, Sumitomo Electric Hardmetal, Sumitomo Electric Device Innovations, Inc., Sumitomo Electric Sintered Alloy, Ltd, A.L.M.T. Corp., etc.

Aptiv manufactures and supplies automotive components and modules to original equipment manufacturers (OEMs) such as GM, Volkswagen Group, Fiat Chrysler Automobiles N.V., Ford Motor Company, and Daimler AG. Earlier, it was called Delphi Automotive PLC, and now its powertrain systems segment operates under an independently traded company, Delphi Technologies PLC. The company operates in theNorth America, South America, Asia Pacific, Europe, Middle East and Africa. Aptiv operates through its two business segments: signal & power solutions and advanced safety and user experience. The signal & power solutions segment provides complete electrical architecture design, manufacture, and assembly, including connectors, wiring assemblies, and harnesses. It also provides cable management, electrical centers, hybrid high voltage, and safety distribution systems

Nexans is a global company in the cable and optical fiber industry. It operates through four business segments: buildings and territories (construction, local infrastructure, smart cities/grids, e-mobility), high voltage and projects (offshore wind farms, subsea interconnections, land high voltage),  telecom & data (telecom networks, data transmission LAN cabling, hyper scale data center solutions), industry and solutions (renewable energies, petroleum, railways & rolling stock, aeronautical and automation) and other activities. The company is spread in over 38 countries in. North America, South America, Europe, Asia Pacific, Middle East,  Russia and Africa. Nexans Deutschland GmbH, Olex Australia Pty Limited, Indelqui, S.A, Nexans Norway AS, Nexans Network Solutions, Nexans Canada Inc, Nexans Sweden Amercable Incorporated, Nexans Participation SA, etc., are its subsidiaries.

Related Reports:

EV Cables Market by Type (BEV, HEV, PHEV), By Voltage (Low, High), EV Application (Engine & Powertrain, Battery & Charging Management), High Voltage Application, Insulation, Shielding Type (Copper, Aluminium), Component and Region - Global Forecast to 2026

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
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[email protected]

EV Cables Market Size,  Share & Growth Report
Report Code
AT 8013
RI Published ON
11/29/2021
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