The report on “Global Solar Cable Market” is segmented by material (Copper and Aluminium Alloy), by cable type (Solid and Stranded), by application (Residential, Commercial and Industrial), by region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America). Global Industry analysis and forecast 2018-2026. Global Solar Cable Market was sized US$ 0.65 Bn in 2017 and is anticipated to reach US$ 1.75 Bn by 2026 at a CAGR of about 13.18 % during a forecast period.
A solar cable is the interconnection cable used in photovoltaic power generation. Solar cables interconnect solar panels and other electrical components of a photovoltaic system. Solar cables are designed to be UV resistant and weather resistant. Moreover, increase in use of solar cables in various applications and rise in number of solar projects in emerging economies supplement the market growth. However, fluctuating prices of raw materials, such as copper, restrict the market growth.
Demand for Copper material of Solar Cable to Increase in Regional Market.
Based on Material segment, Copper material segment has significant market share in historic year and it is expected to maintain its dominance in forecast period. Copper has a greater conductivity than aluminium, thus it carries more current than aluminium at the same size.
Stranded cable type leads a Regional Market.
Stranded wire is composed of multiple thin strands of wires twisted together to form one single wire core. They are suitable for applications in which they are subject to frequent movement or even vibrations. Stranded market holds a highest market in the regional market,
Asia Pacific Most Lucrative Region in the Solar Cable.
The market in Asia-Pacific is expected to expand at a substantial pace during the forecast period, followed by Latin America and Europe. In terms of market capitalization, Asia-Pacific and Europe are expected to dominate the solar cable market during the forecast period. However, the market in Latin America is estimated to expand considerably due to the rise in demand Stranded cable in the industrial sector.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as General Cable Corporation, Atkore International Group Inc., Huber Suhner AG, Lumberg Connect GmbH, ReneSola Ltd, Ram Ratna Wires Ltd., Prysmian Group, Allied Wire & Cable, Taiyo Cable Tech Co. Ltd., Lapp Group, Eldra B.V, KBE Elektrotechnik GmbH, Ningbo Pntech New Energy Co., Ltd, Phoenix Contact GmbH Co. KG and Havells.
Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the global solar cable market. Report encompasses the market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global solar cable market. The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain global solar cable market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Solar Cable Market”
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