Market Overview:
The global photovoltaic cables market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for solar energy across the globe. In addition, factors such as technological advancements and rising awareness about the benefits of solar energy are also contributing to the growth of this market. The global photovoltaic cables market can be segmented on the basis of type, application, and region. On the basis of type, copper photovoltaic cables account for a major share in this market. This is due to their high efficiency and durability as compared to other types of photovoltaic cables available in the market.
Product Definition:
Photovoltaic cables are used to connect solar panels to each other or to a central inverter. The importance of photovoltaic cables is that they need to be able to handle the high voltage and current present in a solar system. They must also be able to withstand the elements, including rain, snow, and wind.
Copper Photovoltaic Cables:
Copper photovoltaic cables are used in the manufacturing of solar panels. The growth factor in the market is increasing demand for renewable energy and reduction in cost of solar power generation.
Aluminum Photovoltaic Cables:
Aluminum photovoltaic cables are used in the manufacturing of photovoltaic cables. Photovoltaic cables made up of aluminum and other alloys are used for electricity transmission from solar power plants to the power network. The market is expected to grow at a significant rate owing to increasing government regulations on reducing carbon footprint along with growing demand for renewable energy sources.
Application Insights:
The market is segmented by application into residential, commercial and industrial. The residential sector accounted for the largest share in 2016 owing to growing demand for electricity from households. Rapid urbanization coupled with rising disposable income has led to an increase in the number of households installing photovoltaic systems on their roofs, which has supported industry growth over the recent years.
The commercial sector includes government offices, hospitals, educational institutions and non-governmental organizations (NGOs). Photovoltaic systems are increasingly being installed in corporate offices as they produce clean energy that does not contribute towards greenhouse gas emissions. Growing awareness regarding sustainability is expected to encourage institutional investors to support installation of photovoltaic systems at a large scale across office buildings within the next few years; this will further propel industry expansion over the forecast period.
Regional Analysis:
Asia Pacific accounted for the largest market share of over 40% in 2016 and is expected to continue its dominance over the forecast period. The region has a large number of solar panel manufacturing companies, which leads to high production volume. China is one of the key countries contributing towards regional growth owing to cheap labor and raw material availability.
The European photovoltaic cables market was valued at USD X billion in 2016, with Germany being one of the major markets contributing towards Europe’s overall revenue share.
Growth Factors:
- Increasing demand for renewable energy: The global demand for renewable energy is increasing due to the growing concerns about climate change and the need to reduce greenhouse gas emissions. This is driving the growth of the photovoltaic cables market.
- Declining prices of solar panels: The prices of solar panels are declining due to advancements in technology and increased production capacity. This is making solar power more affordable, which is driving the growth of the photovoltaic cables market.
- Government support for renewables: Governments around the world are providing incentives such as tax credits and subsidies for installing solar power systems, which is promoting wider adoption of renewables and driving the growth of the photovoltaic cables market.
- Rising electricity costs: Electricity costs are rising globally, making solar power a more cost-effective option than traditional sources of electricity generation such as coal or natural gas-fired plants. This is fueling demand for solar power systems, including those that use photovoltaic cables, thereby driving market growth." 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Photovoltaic Cables Market Research Report
By Type
Copper Photovoltaic Cables, Aluminum Photovoltaic Cables, Others
By Application
Residential, Commercial, Industrial, Others
By Companies
Nexans, Amphenol Industrial, Eldra B.V., General Cable (Prysmian Group), KBE Elektrotechnik, Lapp Group, Taiyo Cable Tech, Phoenix Contact, QC Corporation, KEI Industries, Siechem Technologies, JainFlex Cables, RR Kabel, Dynamic Cables, Yueqing Feeo Electric, Changzhou Painuo Electronic
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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Photovoltaic Cables Market Report Segments:
The global Photovoltaic Cables market is segmented on the basis of:
Types
Copper Photovoltaic Cables, Aluminum Photovoltaic Cables, Others
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
Residential, Commercial, Industrial, Others
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:
- Nexans
- Amphenol Industrial
- Eldra B.V.
- General Cable (Prysmian Group)
- KBE Elektrotechnik
- Lapp Group
- Taiyo Cable Tech
- Phoenix Contact
- QC Corporation
- KEI Industries
- Siechem Technologies
- JainFlex Cables
- RR Kabel
- Dynamic Cables
- Yueqing Feeo Electric
- Changzhou Painuo Electronic
Highlights of The Photovoltaic Cables 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:
- Copper Photovoltaic Cables
- Aluminum Photovoltaic Cables
- Others
- By Application:
- Residential
- Commercial
- Industrial
- Others
- 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 Cables 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 cables are a type of electrical cable that converts sunlight into electricity. They are made up of a series of thin, flexible wires that connect panels or modules to an inverter. When the sun shines on these panels, it creates an electric current that can be used to power devices like lights and appliances.
Some of the major players in the photovoltaic cables market are Nexans, Amphenol Industrial, Eldra B.V., General Cable (Prysmian Group), KBE Elektrotechnik, Lapp Group, Taiyo Cable Tech, Phoenix Contact, QC Corporation, KEI Industries, Siechem Technologies, JainFlex Cables, RR Kabel, Dynamic Cables, Yueqing Feeo Electric, Changzhou Painuo Electronic.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Photovoltaic Cables Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Photovoltaic Cables Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Photovoltaic Cables Market - Supply Chain
4.5. Global Photovoltaic Cables Market Forecast
4.5.1. Photovoltaic Cables Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Photovoltaic Cables Market Size (000 Units) and Y-o-Y Growth
4.5.3. Photovoltaic Cables Market Absolute $ Opportunity
5. Global Photovoltaic Cables Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Photovoltaic Cables Market Size and Volume Forecast by Type
5.3.1. Copper Photovoltaic Cables
5.3.2. Aluminum Photovoltaic Cables
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Photovoltaic Cables Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Photovoltaic Cables Market Size and Volume Forecast by Application
6.3.1. Residential
6.3.2. Commercial
6.3.3. Industrial
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Photovoltaic Cables Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Photovoltaic Cables Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Photovoltaic Cables Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Photovoltaic Cables Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Photovoltaic Cables Demand Share Forecast, 2019-2026
9. North America Photovoltaic Cables Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Photovoltaic Cables Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Photovoltaic Cables Market Size and Volume Forecast by Application
9.4.1. Residential
9.4.2. Commercial
9.4.3. Industrial
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Photovoltaic Cables Market Size and Volume Forecast by Type
9.7.1. Copper Photovoltaic Cables
9.7.2. Aluminum Photovoltaic Cables
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Photovoltaic Cables Demand Share Forecast, 2019-2026
10. Latin America Photovoltaic Cables Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Photovoltaic Cables Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Photovoltaic Cables Market Size and Volume Forecast by Application
10.4.1. Residential
10.4.2. Commercial
10.4.3. Industrial
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Photovoltaic Cables Market Size and Volume Forecast by Type
10.7.1. Copper Photovoltaic Cables
10.7.2. Aluminum Photovoltaic Cables
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Photovoltaic Cables Demand Share Forecast, 2019-2026
11. Europe Photovoltaic Cables Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Photovoltaic Cables Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Photovoltaic Cables Market Size and Volume Forecast by Application
11.4.1. Residential
11.4.2. Commercial
11.4.3. Industrial
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Photovoltaic Cables Market Size and Volume Forecast by Type
11.7.1. Copper Photovoltaic Cables
11.7.2. Aluminum Photovoltaic Cables
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by ype
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Photovoltaic Cables Demand Share, 2019-2026
12. Asia Pacific Photovoltaic Cables Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Photovoltaic Cables Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Photovoltaic Cables Market Size and Volume Forecast by Application
12.4.1. Residential
12.4.2. Commercial
12.4.3. Industrial
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Photovoltaic Cables Market Size and Volume Forecast by Type
12.7.1. Copper Photovoltaic Cables
12.7.2. Aluminum Photovoltaic Cables
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Photovoltaic Cables Demand Share, 2019-2026
13. Middle East & Africa Photovoltaic Cables Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Photovoltaic Cables Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Photovoltaic Cables Market Size and Volume Forecast by Application
13.4.1. Residential
13.4.2. Commercial
13.4.3. Industrial
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Photovoltaic Cables Market Size and Volume Forecast by Type
13.7.1. Copper Photovoltaic Cables
13.7.2. Aluminum Photovoltaic Cables
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Photovoltaic Cables Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Photovoltaic Cables Market: Market Share Analysis
14.2. Photovoltaic Cables Distributors and Customers
14.3. Photovoltaic Cables Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Nexans
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Amphenol Industrial
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Eldra B.V.
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. General Cable (Prysmian Group)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. KBE Elektrotechnik
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Lapp Group
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Taiyo Cable Tech
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Phoenix Contact
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. QC Corporation
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. KEI Industries
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Siechem Technologies
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. JainFlex Cables
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. RR Kabel
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Dynamic Cables
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Yueqing Feeo Electric
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Changzhou Painuo Electronic
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
