copper and silver components in electric vehicle Market Report 2025 (Global Edition)

Global copper and silver components in electric vehicle Market Report 2025 Market Size Split by Components Outlook: (Wiring in Motors, Wiring for Electrification, EV Battery Busbars, Clad Products, Wi...

copper and silver components in electric vehicle Market Report Description

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Competitive Landscape of the Copper and Silver Components in Electric Vehicle Market

Several tactics are being used by major firms to obtain a competitive advantage and increase their market share. The copper and silver components of the electric vehicle market research have profiles of each of these players based on factors including company and financial overviews, business strategies, product portfolios, business segments, and recent advancements.

In February 2023, Uber acquired 25,000 electric vehicles in a partnership with Tata Motors, India's biggest producer of EVs. Tata Motors will provide the XPRES-T EVs, which Uber would use by partnering with fleet operators in major cities, including Bengaluru, Ahmedabad, Chennai, Mumbai, Kolkata, and Delhi National Capital Region. (Source: https://www.uber.com/en-IN/newsroom/uber-joins-hands-with-tata-motors-for-25000-evs/) In October 2022, SoftTech, which specializes in cutting-edge digital solutions for the building and civil infrastructure industries, forged a strategic alliance with Tech Mahindra, a well-known worldwide supplier of digital transformation, consultancy, and business re-engineering services. The goal of this partnership is to digitally transform the global infrastructure and construction sector, which will significantly raise demand for copper and silver components in the electric vehicle sector over the next years. (Source: https://www.techmahindra.com/insights/press-releases/tech-mahindra-and-softtech-join-forces-digitally-transform-global/)

Top Companies Market Share in copper and silver components in electric vehicle Industry: (In no particular order of Rank)

• Thyssenkrupp
• Munot Metalloys
• TRIAC Corporation
• Clad Metals
• HARCO Manufacturing Group
• LANCO Manufacturing Co. Inc.
• Bihler of America Inc.
• Clad Metal Specialists
• Aviva Metals ILF Ltd.
• Makin Metals
• MacLean-Fogg Company
• KMD Group
• Concept Metal
• Novelis
• Hindalco
• Southern Copper Inc.
• Materion
• Modison Limited
• Deringer-Ney Inc.
• NAECO
• Metalor
• Electrical Contacts Limited
• Hong Feng
• Superb Industries
• Norstan
• Heraeus
• Hindustan Platinum
• Umicore
• Contact Technologies Inc.
• NN
• Inc.
• PBSI Group
• Connor Manufacturing Services
• CHECON LLC
• Johnson Matthey
• Silver Basis Engineering
• Silberline
• M. Holland Company
• Silver Crown Enterprises
• Alp Alpines
• EMIS
• Eckart.
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Copper and Silver Components in Electric Vehicle Market

Which Region Dominates the Copper and Silver Components in Electric Vehicle Market in 2025?

According to Cognitive Market Research, North America currently dominates the Copper and Silver Components in Electric Vehicles market, and the region is expected to have significant growth during the projected period. North America is a major market for EVs, and the demand for copper and silver is expected to grow significantly in the region. The United States, in particular, is a major consumer of copper and silver, and the increasing adoption of EVs is likely to boost demand further.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The Asia Pacific region is poised for significant growth in the EV market, driving a strong demand for copper and silver components. While copper remains the dominant metal, silver is also gaining importance in specific high-performance applications.

The current report Scope analyzes copper and silver components in electric vehicle Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America copper and silver components in electric vehicle

According to Cognitive Market Research, the global Copper and Silver Components in Electric Vehicle market size was estimated at USD 2845.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 1138.20 million in 2025 and will grow at a compound annual growth rate (CAGR) of 14.2% from 2025 to 2033.

• According to Cognitive Market Research, the US had a major share in the Copper and Silver Components in Electric Vehicle market with a market size of USD 898.04 million in 2025 and is projected to grow at a CAGR of 14.0% during the forecast period. One of the main factors driving the demand for copper and silver in the US is the growing use of EVs.
• The Canadian copper and Silver Components in Electric Vehicle market had a market share of USD 136.58 million in 2025 and is projected to grow at a CAGR of 15.0% during the forecast period. The Canadian government has implemented various policies to promote EV adoption
• The Mexico Copper and Silver Components in Electric Vehicle market is projected to witness growth at a CAGR of 14.7% during the forecast period, with a market size of USD 103.58 million in 2025.

Europe copper and silver components in electric vehicle

According to Cognitive Market Research, the global Copper and Silver Components in Electric Vehicle market size was estimated at USD 2845.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 853.65 million in 2025 and will grow at a compound annual growth rate (CAGR) of 14.5% from 2025 to 2033.

• The United Kingdom Copper and Silver Components in Electric Vehicle market had a market share of USD 143.41 million in 2025 and is projected to grow at a CAGR of 15.3% during the forecast period. The UK government's ambitious targets for EV adoption, coupled with consumer demand for greener transportation.
• The France Copper and Silver Components in Electric Vehicle market is projected to witness growth at a CAGR of 13.7% during the forecast period, with a market size of USD 78.54 million in 2025.
• According to Cognitive Market Research, the German Copper and Silver Components in Electric Vehicle market size was valued at USD 169.02 million in 2025 and is projected to grow at a CAGR of 14.7% during the forecast period. Germany has ambitious targets for EV adoption, with substantial government incentives and infrastructure development driving demand.
• The Italy Copper and Silver Components in Electric Vehicle market is projected to witness growth at a CAGR of 13.9% during the forecast period, with a market size of USD 73.41 million in 2025.
• The Russia Copper and Silver Components in Electric Vehicle market is projected to witness growth at a CAGR of 13.5% during the forecast period, with a market size of USD 132.32 million in 2025.
• The Spain Copper and Silver Components in Electric Vehicle market is projected to witness growth at a CAGR of 13.6% during the forecast period with a market size of USD 70.00 million in 2025
• The Luxembourg Copper and Silver Components in Electric Vehicle market is projected to witness growth at a CAGR of 14.6% during the forecast period, with a market size of USD 26.46 million in 2025.
• The Portugal Copper and Silver Components in Electric Vehicle market is projected to witness growth at a CAGR of 14.3% during the forecast period, with a market size of USD 17.93 million in 2025.
• The Greece Copper and Silver Components in Electric Vehicle market is projected to witness growth at a CAGR of 14.8% during the forecast period, with a market size of USD 10.24 million in 2025.
• The Rest of Europe's Copper and Silver Components in Electric Vehicle market is projected to witness growth at a CAGR of 13.2% during the forecast period, with a market size of USD 132.32 million in 2025.

Asia Pacific copper and silver components in electric vehicle

According to Cognitive Market Research, the global Copper and Silver Components in Electric Vehicle market size was estimated at USD 2845.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 654.47 million in 2025 and will grow at a compound annual growth rate (CAGR) of 18.0% from 2025 to 2033.

• According to Cognitive Market Research, the China Copper and Silver Components in Electric Vehicle market size was valued at USD 294.51 million in 2025 and is projected to grow at a CAGR of 17.5% during the forecast period. In terms of both production and sales, China is without a doubt the market leader for EVs worldwide.
• The Japan Copper and Silver Components in Electric Vehicle market is projected to witness growth at a CAGR of 16.5% during the forecast period, with a market size of USD 90.32 million in 2025.
• The India Copper and Silver Components in Electric Vehicle market had a market share of USD 78.54 million in 2025 and is projected to grow at a CAGR of 19.8% during the forecast period. The Indian EV market is experiencing rapid growth.
• The South Korean Copper and Silver Components in Electric Vehicle market is projected to witness growth at a CAGR of 17.1% during the forecast period, with a market size of USD 65.45 million in 2025.
• The Australian Copper and Silver Components in Electric Vehicle market is projected to witness growth at a CAGR of 17.7% during the forecast period, with a market size of USD 34.03 million in 2025.
• The South East Asia Copper and Silver Components in Electric Vehicle market is projected to witness growth at a CAGR of 19.0% during the forecast period, with a market size of USD 45.16 million in 2025.
• The Rest of Asia Pacific Copper and Silver Components in Electric Vehicle market is projected to witness growth at a CAGR of 17.8% during the forecast period, with a market size of USD 46.47 million in 2025.

South America copper and silver components in electric vehicle

According to Cognitive Market Research, the global Copper and Silver Components in Electric Vehicle market size was estimated at USD 28494.4 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 142.28 million in 2025 and will grow at a compound annual growth rate (CAGR) of 15.4% from 2025 to 2033.

• According to Cognitive Market Research, the Brazil Copper and Silver Components in Electric Vehicle market size was valued at USD 60.89 million in 2025 and is projected to grow at a CAGR of 16.0% during the forecast period. The Brazilian government has been promoting the adoption of EVs through various incentives.
• Argentina's Copper and Silver Components in Electric Vehicle market had a market share of USD 23.90 million in 2025 and is projected to grow at a CAGR of 16.3% during the forecast period. Argentina possesses significant copper and silver reserves, potentially contributing to the global supply chain for EV components.
• Colombia Copper and Silver Components in Electric Vehicle market is projected to witness growth at a CAGR of 15.2% during the forecast period, with a market size of USD 12.66 million in 2025.
• Peru Copper and Silver Components in Electric Vehicle market is projected to witness growth at a CAGR of 15.6% during the forecast period, with a market size of USD 11.67 million in 2025.
• Chile's Copper and Silver Components in Electric Vehicle market is projected to witness growth at a CAGR of 15.7% during the forecast period, with a market size of USD 10.24 million in 2025.
• The Rest of Latin America's Copper and Silver Components in Electric Vehicle market is projected to witness growth at a CAGR of 14.5% during the forecast period, with a market size of USD 22.91 million in 2025.

Middle East and Africa copper and silver components in electric vehicle

According to Cognitive Market Research, the global Copper and Silver Components in Electric Vehicle market size was estimated at USD 28494.4 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 56.91 million in 2025 and will grow at a compound annual growth rate (CAGR) of 15.7% from 2025 to 2033..

• The GCC Countries' Copper and Silver Components in Electric Vehicle market is projected to witness growth at a CAGR of 16.5% during the forecast period, with a market size of USD 24.36 million in 2025. In an effort to diversify their economies and lessen their dependency on fossil fuels, GCC nations are aggressively promoting electric vehicles and alternative energy sources.
• The Egypt Copper and Silver Components in Electric Vehicle market is projected to witness growth at a CAGR of 16.0% during the forecast period, with a market size of USD 5.98 million in 2025.
• The South African copper and Silver Components in Electric Vehicle market is projected to witness growth at a CAGR of 16.7% during the forecast period, with a market size of USD 8.99 million in 2025. Government incentives for EV adoption and stricter pollution laws are driving up demand.
• The Turkey Copper and Silver Components in Electric Vehicle market is projected to witness growth at a CAGR of 15.2% during the forecast period, with a market size of USD 4.89 million in 2025.
• The Nigeria Copper and Silver Components in Electric Vehicle market is projected to witness growth at a CAGR of 14.8% during the forecast period, with a market size of USD 5.98 million in 2025.
• The Rest of the MEA Copper and Silver Components in Electric Vehicle market is projected to witness growth at a CAGR of 14.7% during the forecast period, with a market size of USD 6.72 million in 2025.

copper and silver components in electric vehicle Market Analysis

How are Segments Performing in the Global Copper and Silver Components in the Electric Vehicle Market?

Copper and Silver Components in Electric Vehicle Market Components Segment Analysis

According to Cognitive Market Research, Wiring for Electrification is likely to dominate the Copper and Silver Components in Electric Vehicle Market over the forecast period. Wiring plays a crucial role in the electrification of vehicles. It ensures the safe and efficient transmission of electrical power throughout the vehicle. Copper is the predominant metal used in EV wiring due to its cost-effectiveness and excellent conductivity.

The EV Battery Busbars are the fastest-growing segment in the Copper and Silver Components in Electric Vehicle Market. Busbars are conductive bars or plates that distribute electrical power within a battery pack. They connect multiple battery cells in series or parallel configurations to achieve the desired voltage and capacity.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of copper and silver components in electric vehicle Industry. Request a Free Sample PDF!

Copper and Silver Components in Electric Vehicle Market Vehicle Type Segment Analysis

According to Cognitive Market Research, the Passenger Cars segment holds the largest share of the market. The growing popularity of electric passenger cars significantly drives the demand for copper and silver. As EV sales continue to rise, the need for these critical materials will increase proportionally.

In the Copper and Silver Components in Electric Vehicle Market, the Light Commercial Vehicles have been expanding at a rapid pace. Copper and silver are critical materials for the electrification of vehicles. Their unique properties make them indispensable in various components of EVs and LCVs, enabling efficient energy transfer, improved performance, and enhanced safety.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

copper and silver components in electric vehicle Propulsion Outlook: Segment Analysis

Copper and Silver Components in Electric Vehicle Market Propulsion Segment Analysis

According to Cognitive Market Research, The PHEV (Plug-in Hybrid Electric Vehicle) segment holds the largest market share. Copper and silver are indispensable metals in the electric vehicle market. Their excellent electrical conductivity and other properties make them essential for the efficient and reliable operation of PHEVs.

In the Copper and Silver Components in Electric Vehicle market, the rapidly growing sector is the FCEV (Fuel Cell Electric Vehicle) category. Copper and silver are used in the bipolar plates and membrane electrode assemblies (MEAs) of fuel cell stacks. Copper and silver are used in the wiring, cables, and other electrical components of FCEVs.

• PHEV (Plug-in Hybrid Electric Vehicle)
• BEV (Battery Electric Vehicle)
• FCEV (Fuel Cell Electric Vehicle)

copper and silver components in electric vehicle Components Outlook: Segment Analysis

Copper and Silver Components in Electric Vehicle Market Material Type Segment Analysis

According to Cognitive Market Research, the Silver and Silver Alloys segment dominates the market. These alloys combine copper's strength and affordability with silver's conductivity. A variety of electrical components use them. Depending on its intended use, silver can be alloyed with other metals to enhance its resistance to corrosion or wear.

Silver and Molybdenum Alloy is projected to be the fastest-growing segment in the Copper and Silver Components in Electric Vehicle market. Silver-molybdenum alloys, albeit less common than copper, have specialized uses in the electric vehicle sector, especially in high-performance parts where remarkable conductivity and resistance to wear are essential.

• Relays
• Silver Conductive Pastes
• Circuit-breakers
• Silver Brazing Alloys
• Conductive Components in EV Charging Station
• Others

copper and silver components in electric vehicle Vehicle Type Outlook: Segment Analysis

• Passenger Cars
• Hatchback
• Sedan
• Sport Utility Vehicles (SUVs)
• Multi-purpose Vehicles (MPVs)
• Vans
• Light Commercial Vehicles
• Medium and Heavy Commercial Vehicles
• Buses and Coaches
• Recreational Vehicles (RVs)
• Off-road Vehicles
• Agriculture
• Construction
• Locomotive

copper and silver components in electric vehicle Propulsion Outlook: Segment Analysis

• PHEV (Plug-in Hybrid Electric Vehicle)
• BEV (Battery Electric Vehicle)
• FCEV (Fuel Cell Electric Vehicle)

Author's Detail

Sumedha Gosavi

Research Associate at Cognitive Market Research

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