JZD Wire & Cable Factory
More Than 20 Years Experience
More Than 20 Years Experience
Author: Joey Wan 
December 08,2021
The global ev (electric vehicle) cable market is expected to grow at a rate of 26.9% from 2021 to 2026, with demand expected to grow by us $9.2 billion, according to a research report released by Markets and Markets and car battery ground wire will be more and more hot sale in the future.
The main drivers of market growth are rising demand for electric vehicles and increasing pressure on automakers to comply with emissions standards due to volatile fuel prices. In addition, the continued growth in demand for ELECTRIC vehicles is likely to trigger an increase in the electric vehicle cable include automotive battery cable and wire market during the forecast period.
The market will also be driven by significant investment in R&D activities by electric vehicle cable manufacturers to develop efficient electric vehicle cables for use in vehicles. In particular, the development of ev charging infrastructure in emerging countries will drive the growth of evs, which in turn will drive demand for cables for EVs. Besides the battery cable for automotive also will be in demand largely.
By ev type, including pure electric vehicles, plug-in hybrids, hybrids and fuel cell evs, fuel cell evs (hydrogen powered) will be the fastest growing segment of the market during the forecast period.
Fuel-cell electric vehicles are more efficient than traditional internal-combustion vehicles and produce no tailpipe emissions -- they emit only water vapor and warm air. The vehicles use propulsion systems similar to electric vehicles, in which energy stored in hydrogen is converted into electricity through fuel cells. The demand for electric vehicle cables is in direct proportion to the increase in the production of fuel cell electric vehicles. As a result, rising levels of disposable income in developed economies, especially emerging economies such as India, Brazil and China, are driving the fuel cell EV manufacturing industry, which in turn is expected to lead to growth in the wiring harness industry in this sector.
The high-voltage cable market is expected to be the fastest growing segment of the electric vehicle cable market in terms of cable voltage grades. High-voltage cables in electric vehicles transmit electricity between the battery and various systems throughout the electric vehicle. High-voltage cables are used to connect charging ports with batteries, battery internal wiring, batteries, engines and other electrical components to carry current power. High-voltage cables are mainly used for battery applications in electric vehicles and sometimes we will call them the authomotive battery cable or wire. Therefore, the market demand for high-voltage cables in key applications of electric vehicles will increase.
From a single market perspective, the Compound annual growth rate of the Indian automotive industry is higher than that of most countries in the region during the forecast period due to favorable government policies such as 100% government-approved foreign direct investment, more streamlined manufacturing and import licensing and approval policies and World Trade Organization (WTO) compliance policies.
Meanwhile, in the Asia-Pacific region, various government initiatives, such as faster adoption and manufacturing of the (hybrid) Electric Vehicle (FAME), will boost the adoption of electric vehicles and sales of electric vehicle cables and car battery ground wire in India. A pick-up in economic activity and various government initiatives are likely to drive growth in the Ev market in India and hence in the ev cable market.
The battery cable is stranded 100% tinned pure oxygen-free copper, the conductor is super flexible with PVC Jacket. The battery cable can be used as a car battery cable, inverter battery cable, car battery ground wire and for other purposes.
China as the most powerful electric vehicle manufacturer in the world, the car battery industry has been developed very well and the car battery ground wire manufacturers has obtained the excellent technical ability on production and analysis. JZD Wire&Cable as the TOP 3 automotive battery cable manufacturer and supplier in China, exported their products to 12 countries, such as The Philippines, Australia and Israel. Apart from car battery ground wire, we also manufacture the solar cable and thhn wire, welcome to your inquiry anytime.
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