The global solar cable market size was valued at USD 688.15 million in 2020. It is expected to reach USD 1,502.55 million by 2026, growing at a CAGR of 13.9% in the forecast period of 2021-2026.
A solar cable is an interlinked cable that is used for interconnecting solar panels and other electrical components in the photovoltaic power generation industry.
Quick mounting, UV protection, lifelong reliability, outdoor longevity, mobility, and stripping capability are some of the features that make solar cables suitable for industrial applications. In compliance with environmental regulations, these cables are flame-retardant and completely recyclable.
Solar cable Properties and Applications
A solar cable is a cable used in the development of photovoltaic electricity. Solar cables are designed to be resistant to UV and climate.
The solar cables market can be segmented into types and application.
The industry can be broadly categorised based on types into:
The industry can be divided based on its application segments as:
- Commercial and Office
- Hospitality and Leisure
The EMR report looks into the regional solar cables markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
Our photovoltaic cable
Solar photovoltaic is an environmentally friendly technology and is expected to play a major role in solving energy problems. The growth of the solar photovoltaic industry is the primary factor driving the solar cables market growth. The increasing use of solar cables in different applications and the increasing number of solar projects in emerging economies complement the growth of the industry. Nevertheless, fluctuating raw material costs, such as copper, might hinder the growth of the industry in the coming years.
The report presents a detailed analysis of the following key players in the global solar cables market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
|Scope of the Report||Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Application, Region|
|Breakup by Type||Copper, Aluminium, Others|
|Breakup by Application||Residential, Non-Residential, Others|
|Breakup by Region||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Market Dynamics||SWOT, Porter’s Five Forces, EMR’s Key Indicators for Price and Demand|
|Competitive Landscape||Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications|
|Companies Covered||Allied Wire & Cable, Inc., Top Cable, S.A, Amphenol Industrial Products Group, Eldra B.V., Kbe Elektrotechnik Gmbh, Others|
|Report Price and Purchase Option||Explore our purchase options that are best suited to your resources and industry needs.|
|Delivery Format||Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.|
The global solar cables market attained a value of nearly USD 688.15 million in 2020.
The market is projected to grow at a CAGR of 13.9% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach USD 1502.5 million by 2026.
The growth of the solar photovoltaic industry is expected to be a key trend guiding the growth of the industry.