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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Solar Cables Market Outlook
The global solar cables market size was valued at USD 1016.84 million in 2023. It is expected to reach USD 3280.74 million by 2032, growing at a CAGR of 13.9% in the forecast period of 2024-2032.
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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.
Market Segmentation
A solar cable is a cable used in the development of photovoltaic electricity. Solar cables are designed to be resistant to UV and climate.
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The solar cables market can be segmented into types and application.
The industry can be broadly categorised based on types into:
- Copper
- Aluminium
- Others
The industry can be divided based on its application segments as:
- Residential
- Non-Residential
- Commercial and Office
- Institutional
- Industrial
- Hospitality and Leisure
- Others
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.
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Market Analysis
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.
Competitive Landscape
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:
- Top Cable, S.A
- Amphenol Industrial Products Group
- KBE Elektrotechnik GmbH
- Prysmian S.p.A
- KEI Industries Limited
- Ultracab (India) Limited
- Eldra B.V.
- Allied Wire & Cable, Inc.
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| 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. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global solar cables market attained a value of nearly USD 1016.84 million in 2023.
The market is projected to grow at a CAGR of 13.9% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 3280.74 million by 2032.
The major drivers of the market include rising applications, increasing number of solar projects, environmental awareness, and growing disposable incomes.
The growth of the solar photovoltaic industry is expected to be a key trend guiding the growth of the global solar cables market.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The types of solar cables available are copper and aluminium, amongst others.
Solar cables find applications in residential and non-residential, among others. Non-residential can be further divided into commercial and office, institutional, industrial, and hospitality and leisure.
The leading players in this market are Top Cable, S.A, Amphenol Industrial Products Group, KBE Elektrotechnik GmbH, Prysmian S.p.A, KEI Industries Limited, Ultracab (India) Limited, Eldra B.V., Allied Wire & Cable, Inc., Others.
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