EV Cables Market worth USD 19.0 billion by 2028
The Global EV CABLES Market is projected to grow at a CAGR of 17.2% from USD 8.6 billion in 2023 to USD 19.0 billion by 2028
The major factors driving the growth of the EV cable market are increasing fuel prices that have increased the demand for electric vehicles. Also, heavy R&D activities by EV cable manufacturers to develop EV cables for automobiles are expected to push the growth...
EV Cables Market Size, Share, Trends, Growth and Forecast 2028
The global EV cable market size was valued at USD 8.6 billion in 2023 and is expected to reach USD 19.0 billion by 2028 at a CAGR of 17.2% during the forecast period 2023–2028. EV cables perform different functions in electric vehicles as they aid in signal transmission and powering up of different electronic and electrical devices. EV cables have been the central function of transmitting...