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Solar Cables Market

Global Solar Cables Market Size, Share, Trends, Forecast: By Type: Copper, Aluminium, Others; By Application: Residential, Non-Residential, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032

Global Solar Cables Market Outlook

The global solar cables market size was valued at USD 1016.84 million in 2023. It is expected to reach USD 3280.74 million by 2032, growing at a CAGR of 13.9% in the forecast period of 2024-2032.

 

Global Solar Cables Market

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A solar cable is an interlinked cable that is used for interconnecting solar panels and other electrical components in the photovoltaic power generation industry. Quick mounting, UV protection, lifelong reliability, outdoor longevity, mobility, and stripping capability are some of the features that make solar cables suitable for industrial applications. In compliance with environmental regulations, these cables are flame-retardant and completely recyclable.

 

Market Segmentation

A solar cable is a cable used in the development of photovoltaic electricity. Solar cables are designed to be resistant to UV and climate.

 

Global Solar Cables Market By Type

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The solar cables market can be segmented into types and application.

The industry can be broadly categorised based on types into:

  • Copper
  • Aluminium
  • Others

The industry can be divided based on its application segments as:

  • Residential 
  • Non-Residential
  • Commercial and Office
  • Institutional
  • Industrial
  • Hospitality and Leisure
  • Others

The EMR report looks into the regional solar cables markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

 

Global Solar Cables Market By Region

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Market Analysis

Solar photovoltaic is an environmentally friendly technology and is expected to play a major role in solving energy problems. The growth of the solar photovoltaic industry is the primary factor driving the solar cables market growth. The increasing use of solar cables in different applications and the increasing number of solar projects in emerging economies complement the growth of the industry. Nevertheless, fluctuating raw material costs, such as copper, might hinder the growth of the industry in the coming years.

 

Competitive Landscape

The report presents a detailed analysis of the following key players in the global solar cables market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Top Cable, S.A
  • Amphenol Industrial Products Group
  • KBE Elektrotechnik GmbH
  • Prysmian S.p.A
  • KEI Industries Limited
  • Ultracab (India) Limited
  • Eldra B.V.
  • Allied Wire & Cable, Inc.
  • Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Application
  • Region
Breakup by Type
  • Copper
  • Aluminium
  • Others
Breakup by Application
  • Residential
  • Non-Residential
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Top Cable, S.A
  • Amphenol Industrial Products Group
  • KBE Elektrotechnik GmbH
  • Prysmian S.p.A
  • KEI Industries Limited
  • Ultracab (India) Limited
  • Eldra B.V.
  • Allied Wire & Cable, Inc.
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
    4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Solar Cables Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Solar Cables Historical Market (2018-2023) 
    8.3    Global Solar Cables Market Forecast (2024-2032)
    8.4    Global Solar Cables Market by Type
        8.4.1    Copper
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Aluminium
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Others
    8.5    Global Solar Cables Market by Application
        8.5.1    Residential 
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Non-Residential
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
            8.5.2.3    Breakup by Type
                8.5.2.3.1    Commercial & Office
                8.5.2.3.2    Institutional
                8.5.2.3.3    Industrial
                8.5.2.3.4    Hospitality & Leisure
        8.5.3    Others   
    8.6    Global Solar Cables Market by Region
        8.6.1    North America
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Europe
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Asia Pacific
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Latin America
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Middle East and Africa
            8.6.5.1    Historical Trend (2018-2023)
            8.6.5.2    Forecast Trend (2024-2032)
9    North America Solar Cables Market Analysis
    9.1    United States of America
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
10    Europe Solar Cables Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023)
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Solar Cables Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023)
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023)
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023)
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Solar Cables Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023)
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Solar Cables Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023)
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023)
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023)
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023)
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain  Analysis
16    Trade Data Analysis (HS Code – 8544)

    16.1    Major Importing Countries
        16.1.1    By Volume
        16.1.2    By Value
    16.2    Major Exporting Countries
        16.2.1    By Volume
        16.2.2    By Value
17    Price Analysis
    17.1    North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
    17.2    Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
    17.3    Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
    17.4    Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
    17.5    Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
18    Competitive Landscape
    18.1    Market Structure
    18.2    Company Profiles
        18.2.1    Top Cable, S.A  
            18.2.1.1    Company Overview
            18.2.1.2    Product Portfolio
            18.2.1.3    Demographic Reach and Achievements
            18.2.1.4    Certifications
        18.2.2    Amphenol Industrial Products Group   
            18.2.2.1    Company Overview
            18.2.2.2    Product Portfolio
            18.2.2.3    Demographic Reach and Achievements
            18.2.2.4    Certifications
        18.2.3    KBE Elektrotechnik GmbH  
            18.2.3.1    Company Overview
            18.2.3.2    Product Portfolio
            18.2.3.3    Demographic Reach and Achievements
            18.2.3.4    Certifications
        18.2.4    Prysmian S.p.A  
            18.2.4.1    Company Overview
            18.2.4.2    Product Portfolio
            18.2.4.3    Demographic Reach and Achievements
            18.2.4.4    Certifications
        18.2.5    KEI Industries Limited   
            18.2.5.1    Company Overview
            18.2.5.2    Product Portfolio
            18.2.5.3    Demographic Reach and Achievements
            18.2.5.4    Certifications
        18.2.6    Ultracab (India) Limited  
            18.2.6.1    Company Overview
            18.2.6.2    Product Portfolio
            18.2.6.3    Demographic Reach and Achievements
            18.2.6.4    Certifications
        18.2.7    Eldra B.V.
            18.2.7.1    Company Overview
            18.2.7.2    Product Portfolio
            18.2.7.3    Demographic Reach and Achievements
            18.2.7.4    Certifications
        18.2.8    Allied Wire & Cable, Inc.
            16.2.8.1    Company Overview
            16.2.8.2    Product Portfolio
            16.2.8.3    Demographic Reach and Achievements
            16.2.8.4    Certifications
        16.2.9    Others
19    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Solar Cables Market: Key Industry Highlights, 2017 and 2021
2.    Global Solar Cables Historical Market: Breakup by Type (USD Million), 2018-2023
3.    Global Solar Cables Market Forecast: Breakup by Type (USD Million), 2024-2032
4.    Global Solar Cables Historical Market: Breakup by Application (USD Million), 2018-2023
5.    Global Solar Cables Market Forecast: Breakup by Application (USD Million), 2024-2032
6.    Global Solar Cables Historical Market: Breakup by Region (USD Million), 2018-2023
7.    Global Solar Cables Market Forecast: Breakup by Region (USD Million), 2024-2032
8.    North America Solar Cables Historical Market: Breakup by Country (USD Million), 2018-2023
9.    North America Solar Cables Market Forecast: Breakup by Country (USD Million), 2024-2032
10.    Europe Solar Cables Historical Market: Breakup by Country (USD Million), 2018-2023
11.    Europe Solar Cables Market Forecast: Breakup by Country (USD Million), 2024-2032
12.    Asia Pacific Solar Cables Historical Market: Breakup by Country (USD Million), 2018-2023
13.    Asia Pacific Solar Cables Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Latin America Solar Cables Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Latin America Solar Cables Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Middle East and Africa Solar Cables Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Middle East and Africa Solar Cables Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Major Exporting Countries by Value
19.    Major Importing Countries by Value
20.    Major Exporting Countries by Volume
21.    Major Importing Countries by Volume
22.    North America Historical Price Trends and Forecast 2018-2028
23.    Europe Historical Price Trends and Forecast 2018-2028
24.    Asia Pacific Historical Price Trends and Forecast 2018-2028
25.    Latin America Historical Price Trends and Forecast 2018-2028
26.    Middle East and Africa Historical Price Trends and Forecast 2018-2028
27.    Global Solar Cables Market Structure

Key Questions Answered in the Report

The global solar cables market attained a value of nearly USD 1016.84 million in 2023.

The market is projected to grow at a CAGR of 13.9% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 3280.74 million by 2032.

The major drivers of the market include rising applications, increasing number of solar projects, environmental awareness, and growing disposable incomes.

The growth of the solar photovoltaic industry is expected to be a key trend guiding the growth of the  global solar cables market.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The types of solar cables available are copper and aluminium, amongst others.

Solar cables find applications in residential and non-residential, among others. Non-residential can be further divided into commercial and office, institutional, industrial, and hospitality and leisure.

The leading players in this market are Top Cable, S.A, Amphenol Industrial Products Group, KBE Elektrotechnik GmbH, Prysmian S.p.A, KEI Industries Limited, Ultracab (India) Limited, Eldra B.V., Allied Wire & Cable, Inc., Others.

Analyst Review

The global solar cables market attained a value of USD 1016.84 million in 2023, driven by the greater applications, increasing number of solar projects, environmental awareness, and growing disposable incomes. Aided by the growth of the solar photovoltaic industry, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 13.9%. The market is projected to reach USD 3280.74 million by 2032.

EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on the type, the solar cables market can be segmented into copper and aluminium, amongst others. By application, the industry can be divided into residential and non-residential, among others. Non-residential can be further divided into commercial and office, institutional, industrial, and hospitality and leisure, amongst others. The major regional markets for solar cables are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The leading players in this market are Top Cable, S.A, Amphenol Industrial Products Group, KBE Elektrotechnik GmbH, Prysmian S.p.A, KEI Industries Limited, Ultracab (India) Limited, Eldra B.V., Allied Wire & Cable, Inc., Others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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