Market Overview:
The global solar cable systems market is expected to grow at a CAGR of 10.5% 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 and rising awareness about the benefits of using solar energy. In terms of type, copper solar cables are expected to dominate the market during the forecast period, followed by aluminum solar cables and other types of solar cables. In terms of application, utility is expected to be a key segment for this market during the forecast period, followed by non-utility applications.
Product Definition:
A solar cable system is a collection of cables and wires used to collect energy from the sun and convert it into usable electrical power. Solar cable systems are important because they allow people to use solar energy as a source of power for their homes or businesses.
Copper Solar Cables:
Copper solar cables are used in photovoltaic systems to transmit electricity from the source of energy to the power block where it is converted into usable energy. They have a high-performance factor as compared to other conventional cables owing to which they are being preferred over other cable types.
Aluminum Solar Cables:
Aluminum solar cables are used in the manufacturing of photovoltaic (PV) cables. They are made from aluminum and have a high surface area which helps in increasing the efficiency of solar panels. The cost of these cables is less as compared to copper or glass fiber cable, which makes them affordable for end-users.
Application Insights:
The utility application segment accounted for the largest revenue share of over 50% in 2017. The growth is attributed to the increasing number of power projects across the globe. Increasing demand for electricity from remote areas, due to rapid urbanization and industrialization is expected to be a major factor driving solar cable systems market growth over the forecast period.
The non-utility applications include commercial buildings, residential buildings and others such as transportation infrastructure and marine applications. Residential building sector emerged as a dominant segment with around 20% revenue share in 2017 owing to rising awareness about renewable energy among consumers along with feeder failures caused due to increased rainfall in mountain regions that require heavy machinery for construction materials transport are some of the factors anticipated drive demand over next eight years from 2018 till 2030.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. China accounted for a major share of the Asia Pacific regional market owing to increasing investments in renewable energy generation. The country aims at generating 10 GW solar power by 2020, which is more than any other nation has planned till date.
Europe was another prominent region that accounted for a significant revenue share in 2017 due to increased focus on clean energy generation projects across various countries such as Germany, Italy, and Spain among others. Moreover, rising awareness regarding eco-friendly renewable energy sources is anticipated to drive demand over the next eight years.
North America also witnessed healthy growth owing to growing adoption of solar panels across residential as well as commercial sectors in U.S.
Growth Factors:
- Increasing demand for solar energy due to global warming and environmental concerns
- Government initiatives and subsidies for solar energy installations
- Reduction in the cost of solar panels and other components
- Increased awareness about the benefits of solar energy among consumers and businesses
- Technological advancements that make solar cable systems more efficient, reliable, and affordable
Scope Of The Report
Report Attributes
Report Details
Report Title
Solar Cable Systems Market Research Report
By Type
Copper Solar Cables, Aluminum Solar Cables, Other
By Application
Utility, Non-utility
By Companies
Prysmian Group, Nexans, Amphenol Industrial, Eldra B.V., Lapp Group, Havells India, KBE Elektrotechnik, Taiyo Cable Tech, KEI Industries, Yueqing Feeo Electric, Changzhou Painuo Electronic, Ningbo Pntech New Energy
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Solar Cable Systems Market Report Segments:
The global Solar Cable Systems market is segmented on the basis of:
Types
Copper Solar Cables, Aluminum Solar Cables, Other
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
Utility, Non-utility
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:
- Prysmian Group
- Nexans
- Amphenol Industrial
- Eldra B.V.
- Lapp Group
- Havells India
- KBE Elektrotechnik
- Taiyo Cable Tech
- KEI Industries
- Yueqing Feeo Electric
- Changzhou Painuo Electronic
- Ningbo Pntech New Energy
Highlights of The Solar Cable Systems 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 Solar Cables
- Aluminum Solar Cables
- Other
- By Application:
- Utility
- Non-utility
- 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 Solar Cable Systems 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
- Business Expansion Strategies
- 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?
Solar cable systems are a type of renewable energy installation that use solar panels to generate electricity. The panels are connected to a power source, such as an electric grid, and the electricity is used to power devices in the system. Solar cable systems can be used for residential or commercial applications.
Some of the major companies in the solar cable systems market are Prysmian Group, Nexans, Amphenol Industrial, Eldra B.V., Lapp Group, Havells India, KBE Elektrotechnik, Taiyo Cable Tech, KEI Industries, Yueqing Feeo Electric, Changzhou Painuo Electronic, Ningbo Pntech New Energy.
The solar cable systems market is expected to grow at a compound annual growth rate of 10.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Solar Cable Systems 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. Solar Cable Systems Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Solar Cable Systems Market - Supply Chain
4.5. Global Solar Cable Systems Market Forecast
4.5.1. Solar Cable Systems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Solar Cable Systems Market Size (000 Units) and Y-o-Y Growth
4.5.3. Solar Cable Systems Market Absolute $ Opportunity
5. Global Solar Cable Systems 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. Solar Cable Systems Market Size and Volume Forecast by Type
5.3.1. Copper Solar Cables
5.3.2. Aluminum Solar Cables
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Solar Cable Systems 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. Solar Cable Systems Market Size and Volume Forecast by Application
6.3.1. Utility
6.3.2. Non-utility
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Solar Cable Systems 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. Solar Cable Systems 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 Solar Cable Systems 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. Solar Cable Systems 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 Solar Cable Systems Demand Share Forecast, 2019-2026
9. North America Solar Cable Systems 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 Solar Cable Systems 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 Solar Cable Systems Market Size and Volume Forecast by Application
9.4.1. Utility
9.4.2. Non-utility
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Solar Cable Systems Market Size and Volume Forecast by Type
9.7.1. Copper Solar Cables
9.7.2. Aluminum Solar Cables
9.7.3. Other
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 Solar Cable Systems Demand Share Forecast, 2019-2026
10. Latin America Solar Cable Systems 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 Solar Cable Systems 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 Solar Cable Systems Market Size and Volume Forecast by Application
10.4.1. Utility
10.4.2. Non-utility
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Solar Cable Systems Market Size and Volume Forecast by Type
10.7.1. Copper Solar Cables
10.7.2. Aluminum Solar Cables
10.7.3. Other
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 Solar Cable Systems Demand Share Forecast, 2019-2026
11. Europe Solar Cable Systems 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 Solar Cable Systems 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 Solar Cable Systems Market Size and Volume Forecast by Application
11.4.1. Utility
11.4.2. Non-utility
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Solar Cable Systems Market Size and Volume Forecast by Type
11.7.1. Copper Solar Cables
11.7.2. Aluminum Solar Cables
11.7.3. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
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 Solar Cable Systems Demand Share, 2019-2026
12. Asia Pacific Solar Cable Systems 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 Solar Cable Systems 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 Solar Cable Systems Market Size and Volume Forecast by Application
12.4.1. Utility
12.4.2. Non-utility
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Solar Cable Systems Market Size and Volume Forecast by Type
12.7.1. Copper Solar Cables
12.7.2. Aluminum Solar Cables
12.7.3. Other
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 Solar Cable Systems Demand Share, 2019-2026
13. Middle East & Africa Solar Cable Systems 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 Solar Cable Systems 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 Solar Cable Systems Market Size and Volume Forecast by Application
13.4.1. Utility
13.4.2. Non-utility
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Solar Cable Systems Market Size and Volume Forecast by Type
13.7.1. Copper Solar Cables
13.7.2. Aluminum Solar Cables
13.7.3. Other
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 Solar Cable Systems Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Solar Cable Systems Market: Market Share Analysis
14.2. Solar Cable Systems Distributors and Customers
14.3. Solar Cable Systems Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Prysmian Group
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Nexans
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Amphenol Industrial
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Eldra B.V.
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Lapp Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Havells India
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. KBE Elektrotechnik
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Taiyo Cable Tech
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. KEI Industries
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Yueqing Feeo Electric
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Changzhou Painuo Electronic
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Ningbo Pntech New Energy
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
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
