Market Overview:
The global solar cables market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for solar energy across the globe. Solar cables are used in various applications such as residential, commercial, and industrial sectors. In terms of type, copper solar cables held a major share of the global solar cables market in 2017 and is expected to maintain its dominance during the forecast period. However, aluminum solar cables are projected to grow at a higher CAGR owing to their low weight and high conductivity as compared with copper wires. In terms of region, North America accounted for the largest share of the global solar cable market in 2017 followed by Europe and Asia Pacific respectively.
Product Definition:
Solar cables are a type of electrical cable that is specifically designed for use in solar energy systems. They are typically made from copper, and have a higher resistance to corrosion than other types of electrical cable. This makes them ideal for use in outdoor applications where they may be exposed to moisture or sunlight. Solar cables are used to connect solar panels to inverters, charge controllers, and other components in a solar energy system. They are also used to connect batteries to the system's components.
Copper Solar Cables:
Copper solar cables are used in photovoltaic systems for the transmission of electrical energy from one end to another. They have high durability and tensile strength which makes them suitable for use in long-distance power transmissions. The cost of copper solar cables is less as compared to the other metals such as silver and gold; this is expected to drive their demand over the forecast period.
Aluminum Solar Cables:
Aluminum solar cables are used in photovoltaic systems for the production of electricity. The product is manufactured from aluminum and copper, which has high electrical conductivity. These products have a wide range of applications including residential, commercial and utility-scale PV systems on account of their durability, flexibility and cost effectiveness.
Application Insights:
The market is segmented by application into residential, commercial, and industrial. The other applications include transportation and power generation segments. The growing demand for clean energy owing to the rapid growth in population coupled with rising awareness regarding energy conservation is expected to drive the solar cables market over the forecast period.
The residential sector accounted for a share of more than 50% in 2017 owing to increasing government support & subsidies along with feed-in tariff schemes that offer fixed prices for generating electricity from solar panels on homes and buildings. In addition, an increase in disposable income among most of the population coupled with rising real estate prices has resulted in increased adoption of solar power systems at home which further drives demand across all applications regions globally.
Commercial segment was estimated at USD 1,000 million in 2017 due to increasing utilization of renewable sources such as wind.
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 share of revenue in 2017 due to increased focus on clean energy generation projects across several countries including Germany, Italy, Spain and U.K., among others.
North America occupied a significant market share owing to growing adoption of solar panels across residential and commercial sectors in Mexico City along with other cities such as Guadalajara and Monterrey under IFE program initiated by PEMEX Energy Company Limited from 2018 onwards (Mexico’s state-owned oil company).
Growth Factors:
- Increasing demand for solar energy: The global demand for solar energy is increasing rapidly due to the growing awareness of its benefits. This is driving the growth of the solar cables market.
- Rising investments in renewable energy: Governments and private investors are investing heavily in renewable energy sources such as solar, wind, and hydro power, which is fueling the growth of the solar cables market.
- Technological advancements: The development of new technologies that improve the performance and efficiency of solar cables is aiding their uptake, thereby propelling market growth.
- Growing number of installations: With governments across the globe promoting installation of rooftop photovoltaic systems to meet their clean energy targets, there has been a surge in demand for solar cables in recent years, leading to healthy market expansion prospects over 2018-2024 timeframe too . 5) Favorable government policies: Governments are providing various incentives such as subsidies and tax rebates to promote adoption of renewable sources including Solar Cables which again act as a major driver for this Market
Scope Of The Report
Report Attributes
Report Details
Report Title
Solar Cables Market Research Report
By Type
Copper Solar Cables, Aluminum Solar 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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Solar Cables Market Report Segments:
The global Solar Cables market is segmented on the basis of:
Types
Copper Solar Cables, Aluminum Solar 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 Solar 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 Solar Cables
- Aluminum Solar 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 Solar 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
Solar cables are a type of electrical cable that is specifically designed to carry electricity from solar panels to an electric outlet. Solar cables are made of high-quality materials, such as copper and aluminum, and they have been tested for durability in extreme weather conditions.
Some of the key players operating in the solar 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.
The solar cables market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Solar 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. Solar Cables Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Solar Cables Market - Supply Chain
4.5. Global Solar Cables Market Forecast
4.5.1. Solar Cables Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Solar Cables Market Size (000 Units) and Y-o-Y Growth
4.5.3. Solar Cables Market Absolute $ Opportunity
5. Global Solar 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. Solar Cables Market Size and Volume Forecast by Type
5.3.1. Copper Solar Cables
5.3.2. Aluminum Solar Cables
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Solar 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. Solar 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 Solar 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. Solar 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 Solar 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. Solar 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 Solar Cables Demand Share Forecast, 2019-2026
9. North America Solar 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 Solar 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 Solar 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 Solar Cables Market Size and Volume Forecast by Type
9.7.1. Copper Solar Cables
9.7.2. Aluminum Solar 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 Solar Cables Demand Share Forecast, 2019-2026
10. Latin America Solar 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 Solar 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 Solar 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 Solar Cables Market Size and Volume Forecast by Type
10.7.1. Copper Solar Cables
10.7.2. Aluminum Solar 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 Solar Cables Demand Share Forecast, 2019-2026
11. Europe Solar 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 Solar 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 Solar 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 Solar Cables Market Size and Volume Forecast by Type
11.7.1. Copper Solar Cables
11.7.2. Aluminum Solar Cables
11.7.3. Others
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
1.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Solar Cables Demand Share, 2019-2026
12. Asia Pacific Solar 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 Solar 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 Solar 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 Solar Cables Market Size and Volume Forecast by Type
12.7.1. Copper Solar Cables
12.7.2. Aluminum Solar 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 Solar Cables Demand Share, 2019-2026
13. Middle East & Africa Solar 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 Solar 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 Solar 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 Solar Cables Market Size and Volume Forecast by Type
13.7.1. Copper Solar Cables
13.7.2. Aluminum Solar 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 Solar Cables Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Solar Cables Market: Market Share Analysis
14.2. Solar Cables Distributors and Customers
14.3. Solar 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
