The global solar cables market size is expected to grow high in the forthcoming years. Global warming has been a matter of concern for quite some time now. This could be attributed to greenhouse gases being emitted, along with air pollution rising at an alarming rate. Therefore, using renewable source (s) of energy is turning out to be one of the best courses of action. Solar energy is being looked upon as a viable option, with lifetime returns on investment.
The global Solar Cables market size is projected to reach US$ 1109.6 million by 2027, from US$ 699.2 million in 2020, at a CAGR of 8.0% during 2021-2027.
Solar cables, as the name suggests, are interconnection cables used in photovoltaic power generation industry to interconnect solar panels along with the other electric components. The solar cables market is basically driven by advantages like lifetime reliability, easy installation, flexibility, outdoor durability, and stripability. As these cables are 100% recyclable and flame retardant along with adhering to the environmental regulations, continuous ringing of cash registers is expected in the years to come.
Besides, solar photovoltaic industry does play a vital role in resolution of energy problems. The emerging economies are expected to benefit a great deal out of this renewable source of energy. Plus, solar energy is available in abundance in the economies like India and the other countries of Southeast Asia.
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The industrial sector has extensively started switching to solar energy looking at the future prospects in this regard. At the same time, raw materials like copper do show fluctuation in prices, which is bound to be a restraining factor to the solar cables market.
The solar cables market, by material, spans aluminum, copper, and others. By application, it consists of non-residential (office & commercial, institutional, industrial, hospitality & leisure, and others (airport terminals and hospitals) and residential.
Non-Residential Segment to Have a High Share
The non-residential segment has been ruling the roost since the last decade. However, increasing awareness amongst the people regarding benefits of solar cables is compelling even the residential segment to opt for solar cables. As far as material is concerned, copper is preferred due to higher life-span.
Moreover, copper-based cables are there with better resistance against corrosion, stability, and flexibility in comparison with the aluminum counterparts. Amongst the types of cable, there are standard and solid cables. The former one is highly effective due to proper electricity flow. The cables find their way through wiring, underground service entrances, and several service terminal connections. So, copper continues to be, and is expected to be the major revenue generator in the upcoming period. Though alternatives like titanium are being tried out, it will take a while for the end-users to think of titanium in parallel with copper.
By geography, the solar cables market includes North America (US, Canada), Europe (Germany, UK, France, Spain, Italy, and the Rest of Europe), the Asia-Pacific (Japan, China, Australia, India, South Korea, and the rest of Asia-Pacific), LATAM (Mexico, Brazil, Argentina, and the rest of LATAM), and MEA (Saudi Arabia, South Africa, and the rest of MEA).
North America to Rule the Roost:
Out of these, North America is at the forefront with regards to revenue generation as it witnesses maximum imports therein. The Asia-Pacific and MEA are leading in terms of an effective use of solar energy. LATAM is expected to pick up pace in the forecast period with rapid industrialization in economies like Argentina and Brazil.
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The key players in the solar cables market include Amphenol Industrial Products Group, Allied Wire & Cable, Inc., Eldra B.V., General Cable Corporation, KBE Elektrotechnik GmbH, Lapp Group, Lumberg Group, Phoenix Contact GmbH & Co. KG, Ningbo Pntech New Energy Co., Ltd., and Taiyo Cable Tech Co., Ltd. They are into the organic as well as inorganic mode of expansion for widening their scope all through the solar cables market. The inorganic modes of expansion include mergers, acquisitions, joint ventures, partnerships. Organic mode could be new product launches and/or upgradation of the existing product portfolio.
KEI PV solar cables have been designed such that they are conducive to outdoor long-term use, that too, under harsh and variable climate conditions. They have been tested and designed at usual maximum conductor temperature of 90 degree Celsius with 20K hours up to 120 degree Celsius. As such, the expected life-span is 3 decades under the normal conditions of usage. The standards adhered to include IEC 60228, class 5. The outer sheath is halogen-free, ozone resistant, and flame retardant in black color or black with red strips. AC voltage permitted at the max is 1 kV. The rated DC voltage is 1.5 kV. Spark test is 6000 Vac (8400 Vdc). The upper limit for DC voltage is 1.8 kV. These cables can withstand voltage between 6.5 kV ac and 15 kV DC.
1 Solar Cables Market Overview
1.1 Solar Cables Product Overview
1.2 Solar Cables Market Segment by Type
1.2.1 Copper Solar Cables
1.2.2 Aluminum Solar Cables
1.2.3 Others
1.3 Global Solar Cables Market Size by Type
1.3.1 Global Solar Cables Market Size Overview by Type (2017-2027)
1.3.2 Global Solar Cables Historic Market Size Review by Type (2017-2020)
1.3.2.1 Global Solar Cables Sales Breakdown in Volume by Type (2017-2020)
1.3.2.2 Global Solar Cables Sales Breakdown in Value by Type (2017-2020)
1.3.2.3 Global Solar Cables Average Selling Price (ASP) by Type (2017-2020)
1.3.3 Global Solar Cables Forecasted Market Size by Type (2021-2027)
1.3.3.1 Global Solar Cables Sales Breakdown in Volume by Type (2021-2027)
1.3.3.2 Global Solar Cables Sales Breakdown in Value by Type (2021-2027)
1.3.3.3 Global Solar Cables Average Selling Price (ASP) by Type (2021-2027)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Solar Cables Sales Breakdown by Type (2017-2020)
1.4.2 Europe Solar Cables Sales Breakdown by Type (2017-2020)
1.4.3 Asia-Pacific Solar Cables Sales Breakdown by Type (2017-2020)
1.4.4 Latin America Solar Cables Sales Breakdown by Type (2017-2020)
1.4.5 Middle East and Africa Solar Cables Sales Breakdown by Type (2017-2020)
2 Global Solar Cables Market Competition by Company
2.1 Global Top Players by Solar Cables Sales (2017-2020)
2.2 Global Top Players by Solar Cables Revenue (2017-2020)
2.3 Global Top Players Solar Cables Price (2017-2020)
2.4 Global Top Manufacturers Solar Cables Manufacturing Base Distribution, Sales Area, Product Type
2.5 Solar Cables Market Competitive Situation and Trends
2.5.1 Solar Cables Market Concentration Rate (2017-2020)
2.5.2 Global 5 and 10 Largest Manufacturers by Solar Cables Sales and Revenue in 2020
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Solar Cables as of 2020)
2.7 Date of Key Manufacturers Enter into Solar Cables Market
2.8 Key Manufacturers Solar Cables Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Solar Cables Status and Outlook by Region
3.1 Global Solar Cables Market Size and CAGR by Region: 2017 VS 2021 VS 2027
3.2 Global Solar Cables Historic Market Size by Region
3.2.1 Global Solar Cables Sales in Volume by Region (2017-2020)
3.2.2 Global Solar Cables Sales in Value by Region (2017-2020)
3.2.3 Global Solar Cables Sales (Volume & Value) Price and Gross Margin (2017-2020)
3.3 Global Solar Cables Forecasted Market Size by Region
3.3.1 Global Solar Cables Sales in Volume by Region (2021-2027)
3.3.2 Global Solar Cables Sales in Value by Region (2021-2027)
3.3.3 Global Solar Cables Sales (Volume & Value), Price and Gross Margin (2021-2027)
4 Global Solar Cables by Application
4.1 Solar Cables Market Segment by Application
4.1.1 Residential
4.1.2 Commercial
4.1.3 Industrial
4.1.4 Utilities
4.2 Global Solar Cables Market Size by Application
4.2.1 Global Solar Cables Market Size Overview by Application (2017-2027)
4.2.2 Global Solar Cables Historic Market Size Review by Application (2017-2020)
4.2.2.1 Global Solar Cables Sales Breakdown in Volume, by Application (2017-2020)
4.2.2.2 Global Solar Cables Sales Breakdown in Value, by Application (2017-2020)
4.2.2.3 Global Solar Cables Average Selling Price (ASP) by Application (2017-2020)
4.2.3 Global Solar Cables Forecasted Market Size by Application (2021-2027)
4.2.3.1 Global Solar Cables Sales Breakdown in Volume, by Application (2021-2027)
4.2.3.2 Global Solar Cables Sales Breakdown in Value, by Application (2021-2027)
4.2.3.3 Global Solar Cables Average Selling Price (ASP) by Application (2021-2027)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Solar Cables Sales Breakdown by Application (2017-2020)
4.3.2 Europe Solar Cables Sales Breakdown by Application (2017-2020)
4.3.3 Asia-Pacific Solar Cables Sales Breakdown by Application (2017-2020)
4.3.4 Latin America Solar Cables Sales Breakdown by Application (2017-2020)
4.3.5 Middle East and Africa Solar Cables Sales Breakdown by Application (2017-2020)
5 North America Solar Cables by Country
5.1 North America Solar Cables Historic Market Size by Country
5.1.1 North America Solar Cables Sales in Volume by Country (2017-2020)
5.1.2 North America Solar Cables Sales in Value by Country (2017-2020)
5.2 North America Solar Cables Forecasted Market Size by Country
5.2.1 North America Solar Cables Sales in Volume by Country (2021-2027)
5.2.2 North America Solar Cables Sales in Value by Country (2021-2027)
6 Europe Solar Cables by Country
6.1 Europe Solar Cables Historic Market Size by Country
6.1.1 Europe Solar Cables Sales in Volume by Country (2017-2020)
6.1.2 Europe Solar Cables Sales in Value by Country (2017-2020)
6.2 Europe Solar Cables Forecasted Market Size by Country
6.2.1 Europe Solar Cables Sales in Volume by Country (2021-2027)
6.2.2 Europe Solar Cables Sales in Value by Country (2021-2027)
7 Asia-Pacific Solar Cables by Region
7.1 Asia-Pacific Solar Cables Historic Market Size by Region
7.1.1 Asia-Pacific Solar Cables Sales in Volume by Region (2017-2020)
7.1.2 Asia-Pacific Solar Cables Sales in Value by Region (2017-2020)
7.2 Asia-Pacific Solar Cables Forecasted Market Size by Region
7.2.1 Asia-Pacific Solar Cables Sales in Volume by Region (2021-2027)
7.2.2 Asia-Pacific Solar Cables Sales in Value by Region (2021-2027)
8 Latin America Solar Cables by Country
8.1 Latin America Solar Cables Historic Market Size by Country
8.1.1 Latin America Solar Cables Sales in Volume by Country (2017-2020)
8.1.2 Latin America Solar Cables Sales in Value by Country (2017-2020)
8.2 Latin America Solar Cables Forecasted Market Size by Country
8.2.1 Latin America Solar Cables Sales in Volume by Country (2021-2027)
8.2.2 Latin America Solar Cables Sales in Value by Country (2021-2027)
9 Middle East and Africa Solar Cables by Country
9.1 Middle East and Africa Solar Cables Historic Market Size by Country
9.1.1 Middle East and Africa Solar Cables Sales in Volume by Country (2017-2020)
9.1.2 Middle East and Africa Solar Cables Sales in Value by Country (2017-2020)
9.2 Middle East and Africa Solar Cables Forecasted Market Size by Country
9.2.1 Middle East and Africa Solar Cables Sales in Volume by Country (2021-2027)
9.2.2 Middle East and Africa Solar Cables Sales in Value by Country (2021-2027)
10 Company Profiles and Key Figures in Solar Cables Business
10.1 Prysmian
10.1.1 Prysmian Corporation Information
10.1.2 Prysmian Introduction and Business Overview
10.1.3 Prysmian Solar Cables Sales, Revenue and Gross Margin (2017-2020)
10.1.4 Prysmian Solar Cables Products Offered
10.1.5 Prysmian Recent Development
10.2 Nexans
10.2.1 Nexans Corporation Information
10.2.2 Nexans Introduction and Business Overview
10.2.3 Nexans Solar Cables Sales, Revenue and Gross Margin (2017-2020)
10.2.4 Prysmian Solar Cables Products Offered
10.2.5 Nexans Recent Development
10.3 Lapp Group
10.3.1 Lapp Group Corporation Information
10.3.2 Lapp Group Introduction and Business Overview
10.3.3 Lapp Group Solar Cables Sales, Revenue and Gross Margin (2017-2020)
10.3.4 Lapp Group Solar Cables Products Offered
10.3.5 Lapp Group Recent Development
10.4 Eland Cables
10.4.1 Eland Cables Corporation Information
10.4.2 Eland Cables Introduction and Business Overview
10.4.3 Eland Cables Solar Cables Sales, Revenue and Gross Margin (2017-2020)
10.4.4 Eland Cables Solar Cables Products Offered
10.4.5 Eland Cables Recent Development
10.5 Amphenol Industrial
10.5.1 Amphenol Industrial Corporation Information
10.5.2 Amphenol Industrial Introduction and Business Overview
10.5.3 Amphenol Industrial Solar Cables Sales, Revenue and Gross Margin (2017-2020)
10.5.4 Amphenol Industrial Solar Cables Products Offered
10.5.5 Amphenol Industrial Recent Development
10.6 KBE Elektrotechnik
10.6.1 KBE Elektrotechnik Corporation Information
10.6.2 KBE Elektrotechnik Introduction and Business Overview
10.6.3 KBE Elektrotechnik Solar Cables Sales, Revenue and Gross Margin (2017-2020)
10.6.4 KBE Elektrotechnik Solar Cables Products Offered
10.6.5 KBE Elektrotechnik Recent Development
10.7 Leoni
10.7.1 Leoni Corporation Information
10.7.2 Leoni Introduction and Business Overview
10.7.3 Leoni Solar Cables Sales, Revenue and Gross Margin (2017-2020)
10.7.4 Leoni Solar Cables Products Offered
10.7.5 Leoni Recent Development
10.8 Alfanar
10.8.1 Alfanar Corporation Information
10.8.2 Alfanar Introduction and Business Overview
10.8.3 Alfanar Solar Cables Sales, Revenue and Gross Margin (2017-2020)
10.8.4 Alfanar Solar Cables Products Offered
10.8.5 Alfanar Recent Development
10.9 Phoenix Contact
10.9.1 Phoenix Contact Corporation Information
10.9.2 Phoenix Contact Introduction and Business Overview
10.9.3 Phoenix Contact Solar Cables Sales, Revenue and Gross Margin (2017-2020)
10.9.4 Phoenix Contact Solar Cables Products Offered
10.9.5 Phoenix Contact Recent Development
10.10 AEI Cables
10.10.1 Company Basic Information, Manufacturing Base and Competitors
10.10.2 Solar Cables Product Category, Application and Specification
10.10.3 AEI Cables Solar Cables Sales, Revenue, Price and Gross Margin (2017-2020)
10.10.4 Main Business Overview
10.10.5 AEI Cables Recent Development
10.11 HELUKABEL
10.11.1 HELUKABEL Corporation Information
10.11.2 HELUKABEL Introduction and Business Overview
10.11.3 HELUKABEL Solar Cables Sales, Revenue and Gross Margin (2017-2020)
10.11.4 HELUKABEL Solar Cables Products Offered
10.11.5 HELUKABEL Recent Development
10.12 KEI Industries
10.12.1 KEI Industries Corporation Information
10.12.2 KEI Industries Introduction and Business Overview
10.12.3 KEI Industries Solar Cables Sales, Revenue and Gross Margin (2017-2020)
10.12.4 KEI Industries Solar Cables Products Offered
10.12.5 KEI Industries Recent Development
10.13 Jainflex Cables
10.13.1 Jainflex Cables Corporation Information
10.13.2 Jainflex Cables Introduction and Business Overview
10.13.3 Jainflex Cables Solar Cables Sales, Revenue and Gross Margin (2017-2020)
10.13.4 Jainflex Cables Solar Cables Products Offered
10.13.5 Jainflex Cables Recent Development
10.14 RR Kabel
10.14.1 RR Kabel Corporation Information
10.14.2 RR Kabel Introduction and Business Overview
10.14.3 RR Kabel Solar Cables Sales, Revenue and Gross Margin (2017-2020)
10.14.4 RR Kabel Solar Cables Products Offered
10.14.5 RR Kabel Recent Development
10.15 Siechem Technologies
10.15.1 Siechem Technologies Corporation Information
10.15.2 Siechem Technologies Introduction and Business Overview
10.15.3 Siechem Technologies Solar Cables Sales, Revenue and Gross Margin (2017-2020)
10.15.4 Siechem Technologies Solar Cables Products Offered
10.15.5 Siechem Technologies Recent Development
10.16 Finolex
10.16.1 Finolex Corporation Information
10.16.2 Finolex Introduction and Business Overview
10.16.3 Finolex Solar Cables Sales, Revenue and Gross Margin (2017-2020)
10.16.4 Finolex Solar Cables Products Offered
10.16.5 Finolex Recent Development
10.17 Hyand Cable
10.17.1 Hyand Cable Corporation Information
10.17.2 Hyand Cable Introduction and Business Overview
10.17.3 Hyand Cable Solar Cables Sales, Revenue and Gross Margin (2017-2020)
10.17.4 Hyand Cable Solar Cables Products Offered
10.17.5 Hyand Cable Recent Development
10.18 Top Cable
10.18.1 Top Cable Corporation Information
10.18.2 Top Cable Introduction and Business Overview
10.18.3 Top Cable Solar Cables Sales, Revenue and Gross Margin (2017-2020)
10.18.4 Top Cable Solar Cables Products Offered
10.18.5 Top Cable Recent Development
10.19 Central Plain Cables and Wires
10.19.1 Central Plain Cables and Wires Corporation Information
10.19.2 Central Plain Cables and Wires Introduction and Business Overview
10.19.3 Central Plain Cables and Wires Solar Cables Sales, Revenue and Gross Margin (2017-2020)
10.19.4 Central Plain Cables and Wires Solar Cables Products Offered
10.19.5 Central Plain Cables and Wires Recent Development
10.20 Yueqing Feeo Electric
10.20.1 Yueqing Feeo Electric Corporation Information
10.20.2 Yueqing Feeo Electric Introduction and Business Overview
10.20.3 Yueqing Feeo Electric Solar Cables Sales, Revenue and Gross Margin (2017-2020)
10.20.4 Yueqing Feeo Electric Solar Cables Products Offered
10.20.5 Yueqing Feeo Electric Recent Development
10.21 Changzhou Painuo Electronic
10.21.1 Changzhou Painuo Electronic Corporation Information
10.21.2 Changzhou Painuo Electronic Introduction and Business Overview
10.21.3 Changzhou Painuo Electronic Solar Cables Sales, Revenue and Gross Margin (2017-2020)
10.21.4 Changzhou Painuo Electronic Solar Cables Products Offered
10.21.5 Changzhou Painuo Electronic Recent Development
10.22 Shanghai Jiukai Wire & Cable
10.22.1 Shanghai Jiukai Wire & Cable Corporation Information
10.22.2 Shanghai Jiukai Wire & Cable Introduction and Business Overview
10.22.3 Shanghai Jiukai Wire & Cable Solar Cables Sales, Revenue and Gross Margin (2017-2020)
10.22.4 Shanghai Jiukai Wire & Cable Solar Cables Products Offered
10.22.5 Shanghai Jiukai Wire & Cable Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Solar Cables Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Solar Cables Industrial Chain Analysis
11.4 Solar Cables Market Dynamics
11.4.1 Industry Trends
11.4.2 Market Drivers
11.4.3 Market Challenges
11.4.4 Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Solar Cables Distributors
12.3 Solar Cables Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.1.1 Research Programs/Design
14.1.1.2 Market Size Estimation
14.1.1.3 Market Breakdown and Data Triangulation
14.1.2 Data Source
14.1.2.1 Secondary Sources
14.1.2.2 Primary Sources
14.2 Author Details
14.3 Disclaimer
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