Market Overview:
The global photovoltaic (PV) wire market is expected to grow at a CAGR of 10.5% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for solar energy across the globe. PV wires are used in grounded and ungrounded solar arrays, which are used in residential, commercial, and industrial applications. Aluminum conductor is the most commonly used conductor type in PV wires due to its low cost and high conductivity.
Product Definition:
A photovoltaic (PV) wire is a type of electrical conductor that is specifically designed to be used in solar energy systems. PV wires are made with materials that have low resistance to electricity, which allows them to carry high amounts of current without overheating. They are also typically manufactured with a thick protective coating that helps prevent corrosion and damage from the elements. PV wires are an important component of solar energy systems, as they allow for the efficient transfer of power from the panels to the rest of the system.
Aluminum Conductor:
Aluminum is the most commonly used metal for electrical conductors. It has a high thermal and electrical conductivity, which makes it suitable to be used in power transmission and distribution (T&D) applications. Aluminum is alloyed with other metals such as copper or zinc to improve its physical properties such as ductility, malleability, or strength. The improved properties of aluminum alloys make them applicable in PV wire material composition.
Copper Conductor:
Copper conductor is the part of an electrical wire that carries electricity. The copper conductor in a PV wire consists of thin layer of metal alloy which acts as an electron donor and allows free movement of electrons within the circuit. As a result, it helps to generate electricity by using solar energy.
The global increase in demand for renewable power has led to high growth rate for photovoltaic industry over the past few years.
Application Insights:
Based on application, the global PV wire market has been segmented into residential, non-residential, and ground or ungrounded solar arrays. The non-residential segment dominated the overall industry in terms of revenue in 2017. Growing demand for large scale commercial and industrial facilities coupled with favorable government policies is expected to drive product demand over the forecast period.
The growing need to utilize roof tops for generating power through solar energy is expected to drive growth of PV array installations across residential buildings which eventually leads to increased electricity generation through photovoltaic wires. Such trends are likely to boost product consumption over the forecast period as they require a high strength cable that can withstand wind pressure without breakingage or wearing out easily during installation process.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of PV installations, which makes it an attractive regional market for photovoltaic wires. China accounted for more than 80% of total installations across Asia Pacific owing to favorable government policies and cheap labor.
The European Commission announced financial incentives such as subsidies, tax breaks, etc., on solar panels and other renewable energy technologies in order to reduce carbon emissions and dependence on fossil fuels. This policy is anticipated to boost demand across Europe over the forecast period.
North America emerged as one of the prominent markets accounting for 21% of global installations in 2016 (ii). The U.S.
Growth Factors:
- Increasing demand for renewable energy: The global trend of shifting from traditional to renewable sources of energy is expected to drive the growth of the PV wire market.
- Rising awareness about the benefits of solar power: Awareness about solar power as a source of clean and renewable energy is increasing, which is likely to boost demand for PV wires in the coming years.
- Technological advancements: Ongoing technological advancements are resulting in improved efficiency and performance of PV systems, thereby driving demand for PV wires.
- Government initiatives supporting adoption of solar power: Governments across countries are promoting adoption of solar power through various incentives and subsidies, which is aiding market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Photovoltaic (PV) Wire Market Research Report
By Type
Aluminum Conductor, Copper Conductor
By Application
Grounded Solar Arrays, Ungrounded Solar Arrays
By Companies
Kris-Tech Wire, General Cable Technologies, Allied Wire and Cable, HELUKABEL® GmbH, Service Wire, Alpha Wire, FUTONG SHOWA WIRE & CABLE (HANGZHOU), Yangtai Cable
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Photovoltaic (PV) Wire Market Report Segments:
The global Photovoltaic (PV) Wire market is segmented on the basis of:
Types
Aluminum Conductor, Copper Conductor
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Grounded Solar Arrays, Ungrounded Solar Arrays
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Kris-Tech Wire
- General Cable Technologies
- Allied Wire and Cable
- HELUKABEL® GmbH
- Service Wire
- Alpha Wire
- FUTONG SHOWA WIRE & CABLE (HANGZHOU)
- Yangtai Cable
Highlights of The Photovoltaic (PV) Wire Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Aluminum Conductor
- Copper Conductor
- By Application:
- Grounded Solar Arrays
- Ungrounded Solar Arrays
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Photovoltaic (PV) Wire Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Photovoltaic (PV) wire is a thin, flexible conductor of silicon that converts sunlight into electricity. PV wire is used to create solar cells, which are the basic building blocks of solar energy systems.
Some of the major players in the photovoltaic (pv) wire market are Kris-Tech Wire, General Cable Technologies, Allied Wire and Cable, HELUKABEL® GmbH, Service Wire, Alpha Wire, FUTONG SHOWA WIRE & CABLE (HANGZHOU), Yangtai Cable.
The photovoltaic (pv) wire market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Photovoltaic (PV) Wire Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Photovoltaic (PV) Wire Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Photovoltaic (PV) Wire Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Photovoltaic (PV) Wire Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Photovoltaic (PV) Wire Market Size & Forecast, 2020-2028 4.5.1 Photovoltaic (PV) Wire Market Size and Y-o-Y Growth 4.5.2 Photovoltaic (PV) Wire Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Aluminum Conductor
5.2.2 Copper Conductor
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Grounded Solar Arrays
6.2.2 Ungrounded Solar Arrays
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Photovoltaic (PV) Wire Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Photovoltaic (PV) Wire Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Aluminum Conductor
9.6.2 Copper Conductor
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Grounded Solar Arrays
9.10.2 Ungrounded Solar Arrays
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Aluminum Conductor
10.6.2 Copper Conductor
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Grounded Solar Arrays
10.10.2 Ungrounded Solar Arrays
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Aluminum Conductor
11.6.2 Copper Conductor
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Grounded Solar Arrays
11.10.2 Ungrounded Solar Arrays
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Aluminum Conductor
12.6.2 Copper Conductor
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Grounded Solar Arrays
12.10.2 Ungrounded Solar Arrays
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Aluminum Conductor
13.6.2 Copper Conductor
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Grounded Solar Arrays
13.10.2 Ungrounded Solar Arrays
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Photovoltaic (PV) Wire Market: Competitive Dashboard
14.2 Global Photovoltaic (PV) Wire Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Kris-Tech Wire
14.3.2 General Cable Technologies
14.3.3 Allied Wire and Cable
14.3.4 HELUKABEL® GmbH
14.3.5 Service Wire
14.3.6 Alpha Wire
14.3.7 FUTONG SHOWA WIRE & CABLE (HANGZHOU)
14.3.8 Yangtai Cable