ソーラーケーブル市場の2030年までの予測：材料タイプ、電圧タイプ、ケーブルタイプ、用途、エンドユーザー、地域別の世界分析

Stratistics MRCによると、世界のソーラーケーブル市場は2023年に21億5,000万米ドルを占め、2030年には44億6,000万米ドルに達すると予測され、予測期間中のCAGRは11%です。

ソーラーケーブルは、太陽光発電設備内のソーラーパネル、インバータ、その他のコンポーネントを接続する太陽光発電（PV）システム用に設計された特殊な電気ケーブルです。一般的に、紫外線や風化に強い素材で絶縁されたソーラーケーブルは、ソーラーパネルで発電された直流（DC）電力をインバータや充電制御装置に安全かつ効率的に伝送し、太陽光エネルギーを電力網やオフグリッドシステムに組み込むことを容易にします。

DPIIT（Department for Promotion of Industry and Internal Trade）によると、2014年以降、インドの再生可能エネルギー部門には420億米ドル以上が投資され、2018年のクリーンエネルギーへの新規投資は111億米ドルに達しました。

太陽光発電設備の増加

再生可能な電源として太陽エネルギーの採用が増加していることは、ソーラーケーブル市場の主要な促進要因です。環境問題に対する意識の高まりと二酸化炭素排出量削減の必要性が、太陽エネルギーの需要を促進しています。太陽光発電は化石燃料に代わるクリーンで持続可能な選択肢と考えられており、二酸化炭素排出量の削減を目指す個人、企業、政府にとって魅力的な選択肢となっています。その結果、ソーラーパネルの設置は増加傾向にあり、ソーラーケーブルの需要増につながっています。

高い初期投資コスト

太陽エネルギー設備の設置には、ソーラーパネル、インバーター、架台、ソーラーケーブルなどの関連部品の購入に多額の初期投資が必要です。しかし、これらのコストは、財源が限られていたり、予算上の制約が厳しい住宅、商業、産業事業体にとっては、特に大きな負担となる可能性があります。そのため、初期投資コストの高さが市場拡大を制限する要素となっています。

ソーラー技術の進歩

太陽光発電システムが進化・改善するにつれて、高品質で効率的なソーラーケーブルへの需要が高まっています。効率性の高いパネルは、より多くの太陽光を電気に変換できるため、出力が向上します。さらに、リチウムイオン電池などのエネルギー貯蔵技術の進歩は、太陽光発電システムに不可欠な要素となっています。エネルギー貯蔵は、日中に発電された余剰太陽エネルギーを貯蔵し、日照時間が短いときや需要が高いときに使用することを可能にします。そのため、太陽光発電技術の進歩は、市場の需要を促進する重要な要因となっています。

代替エネルギーとの競合

ソーラーケーブル市場は、代替エネルギーとの競合に直面しており、その成長と市場シェアの脅威となっています。風力タービンは風の力を利用して発電し、風力発電所は世界中の多くの地域で設立されています。さらに、太陽エネルギーと競合するもうひとつの代替エネルギー源が水力発電です。水力発電所は、水の流れや落下によるエネルギーを利用して発電します。水資源が豊富な地域では、水力発電プロジェクトが太陽光発電設備よりも優遇される可能性があり、ソーラーケーブルの需要減少につながります。

COVID-19の影響

COVID-19の大流行は、ソーラーケーブル市場に多面的な影響を与えました。当初は、封鎖措置やサプライチェーンの混乱により、プロジェクトのスケジュールや設置に遅れが生じ、ソーラーケーブルの需要が一時的に鈍化しました。さらに、パンデミックに起因する景気後退により、特に商業・工業分野など危機の影響を大きく受けた分野では、ソーラープロジェクトに対する予算の制約や資金調達の課題が発生しました。このため投資意欲が減退し、プロジェクトのキャンセルや延期が発生し、パンデミック時のソーラーケーブル需要に影響を与えました。

予測期間中、座礁セグメントが最大になる見込み

撚り線セグメントが最大のシェアを占めると推定されます。撚り線は柔軟性と耐久性を可能にするため、ケーブルが曲げやねじれなどの機械的ストレスを受ける可能性のある屋外設置に適しています。さらに、撚り線によって表面積が増えるため、電気を効率的に伝導させることができ、電力損失を最小限に抑え、PVシステム全体の効率を最大化することができます。

予測期間中CAGRが最も高くなると予想されるソーラーパネル配線分野

ソーラーパネル配線分野は、予測期間中に有利な成長が見込まれます。これらのケーブルは優れた絶縁特性を持つように設計されており、湿気、紫外線、温度変動などの潜在的な危険から保護しながら、電気エネルギーの安全で効率的な伝送を保証します。全体として、ソーラーパネル配線は、太陽光発電システムの信頼性、効率性、安全性において重要な役割を担っており、より広範なソーラーケーブル市場において不可欠なコンポーネントとなっています。

最大のシェアを占める地域

推定期間中、アジア太平洋地域が最大の市場シェアを占めました。急速な工業化、都市化、再生可能エネルギーインフラへの投資の増加が、中国、インド、日本、オーストラリアなどの国々におけるソーラーケーブルの需要に拍車をかけています。中国は、太陽エネルギー部品の最大消費国および製造国の1つであり、同地域の市場成長に大きく貢献しています。さらに、クリーンエネルギーの導入に向けた政府の支援政策や取り組みが、同国のソーラーケーブル需要をさらに促進しています。

CAGRが最も高い地域：

北米は予測期間中、収益性の高い成長が見込まれます。税額控除やリベートなど、再生可能エネルギーの導入を促進することを目的とした政府の好意的な政策や優遇措置が、住宅、商業施設、公共施設規模の太陽光発電プロジェクトにおけるソーラーケーブルの需要を刺激しています。さらに、ソーラーケーブルの設計と製造における技術の進歩と革新により、効率、信頼性、安全基準が向上しています。このため、太陽エネルギーシステムに対する信頼が高まり、市場の需要をさらに促進しています。

無料のカスタマイズサービス

本レポートをご購読のお客様には、以下の無料カスタマイズオプションのいずれかをご利用いただけます：

• 企業プロファイル
  • 追加市場プレーヤーの包括的プロファイリング（3社まで）
  • 主要企業のSWOT分析（3社まで）
• 地域セグメンテーション
  • 顧客の関心に応じた主要国の市場推計・予測・CAGR（注：フィージビリティチェックによる）
• 競合ベンチマーキング
  • 製品ポートフォリオ、地理的プレゼンス、戦略的提携に基づく主要企業のベンチマーキング

目次

第1章 エグゼクティブサマリー

第2章 序文

• 概要
• ステークホルダー
• 調査範囲
• 調査手法
  • データマイニング
  • データ分析
  • データ検証
  • 調査アプローチ
• 調査ソース

第3章 市場動向分析

• 促進要因
• 抑制要因
• 機会
• 脅威
• 用途分析
• エンドユーザー分析
• 新興市場
• COVID-19の影響

第4章 ポーターのファイブフォース分析

• 供給企業の交渉力
• 買い手の交渉力
• 代替品の脅威
• 新規参入業者の脅威
• 競争企業間の敵対関係

第5章 世界のソーラーケーブル市場：材料タイプ別

• アルミニウム
• 銅
• その他の材料タイプ

第6章 世界のソーラーケーブル市場：電圧タイプ別

• 高電圧ケーブル
• 中電圧ケーブル
• 低電圧ケーブル

第7章 世界のソーラーケーブル市場：ケーブルタイプ別

• 撚線
• 固体

第8章 世界のソーラーケーブル市場：用途別

• アンダーグラウンドサービスエントランス
• ソーラーパネル配線
• サービス端末接続
• その他の用途

第9章 世界のソーラーケーブル市場：エンドユーザー別

• 商業
• 住宅
• 産業
• その他のエンドユーザー

第10章 世界のソーラーケーブル市場：地域別

• 北米
  • 米国
  • カナダ
  • メキシコ
• 欧州
  • ドイツ
  • 英国
  • イタリア
  • フランス
  • スペイン
  • その他欧州
• アジア太平洋地域
  • 日本
  • 中国
  • インド
  • オーストラリア
  • ニュージーランド
  • 韓国
  • その他アジア太平洋地域
• 南米
  • アルゼンチン
  • ブラジル
  • チリ
  • その他南米
• 中東・アフリカ
  • サウジアラビア
  • アラブ首長国連邦
  • カタール
  • 南アフリカ
  • その他中東とアフリカ

第11章 主な発展

• 契約、パートナーシップ、コラボレーション、合弁事業
• 買収と合併
• 新製品発売
• 事業拡大
• その他の主要戦略

第12章 企業プロファイリング

• Belden Inc.
• Havells
• Kabelwerk Eupen AG.
• Allied Wire & Cable
• Hellenic Group
• Furukawa Electric Co. Ltd.
• ABB
• Leoni Cables
• Lapp Group
• Leoni AG
• Nexans SA
• Polycab
• Prysmian Group
• LS Cable and System
• Northwire Inc.
• Southwire Company LLC
• TE Connectivity Ltd.

List of Tables

• Table 1 Global Solar Cable Market Outlook, By Region (2021-2030) ($MN)
• Table 2 Global Solar Cable Market Outlook, By Material Type (2021-2030) ($MN)
• Table 3 Global Solar Cable Market Outlook, By Aluminum (2021-2030) ($MN)
• Table 4 Global Solar Cable Market Outlook, By Copper (2021-2030) ($MN)
• Table 5 Global Solar Cable Market Outlook, By Other Material Types (2021-2030) ($MN)
• Table 6 Global Solar Cable Market Outlook, By Voltage Type (2021-2030) ($MN)
• Table 7 Global Solar Cable Market Outlook, By High Voltage Cable (2021-2030) ($MN)
• Table 8 Global Solar Cable Market Outlook, By Medium Voltage Cable (2021-2030) ($MN)
• Table 9 Global Solar Cable Market Outlook, By Low Voltage Cable (2021-2030) ($MN)
• Table 10 Global Solar Cable Market Outlook, By Cable Type (2021-2030) ($MN)
• Table 11 Global Solar Cable Market Outlook, By Stranded (2021-2030) ($MN)
• Table 12 Global Solar Cable Market Outlook, By Solid (2021-2030) ($MN)
• Table 13 Global Solar Cable Market Outlook, By Application (2021-2030) ($MN)
• Table 14 Global Solar Cable Market Outlook, By Underground Service Entrances (2021-2030) ($MN)
• Table 15 Global Solar Cable Market Outlook, By Solar Panel Wiring (2021-2030) ($MN)
• Table 16 Global Solar Cable Market Outlook, By Service Terminal Connections (2021-2030) ($MN)
• Table 17 Global Solar Cable Market Outlook, By Other Applications (2021-2030) ($MN)
• Table 18 Global Solar Cable Market Outlook, By End User (2021-2030) ($MN)
• Table 19 Global Solar Cable Market Outlook, By Commercial (2021-2030) ($MN)
• Table 20 Global Solar Cable Market Outlook, By Residential (2021-2030) ($MN)
• Table 21 Global Solar Cable Market Outlook, By Industrial (2021-2030) ($MN)
• Table 22 Global Solar Cable Market Outlook, By Other End Users (2021-2030) ($MN)
• Table 23 North America Solar Cable Market Outlook, By Country (2021-2030) ($MN)
• Table 24 North America Solar Cable Market Outlook, By Material Type (2021-2030) ($MN)
• Table 25 North America Solar Cable Market Outlook, By Aluminum (2021-2030) ($MN)
• Table 26 North America Solar Cable Market Outlook, By Copper (2021-2030) ($MN)
• Table 27 North America Solar Cable Market Outlook, By Other Material Types (2021-2030) ($MN)
• Table 28 North America Solar Cable Market Outlook, By Voltage Type (2021-2030) ($MN)
• Table 29 North America Solar Cable Market Outlook, By High Voltage Cable (2021-2030) ($MN)
• Table 30 North America Solar Cable Market Outlook, By Medium Voltage Cable (2021-2030) ($MN)
• Table 31 North America Solar Cable Market Outlook, By Low Voltage Cable (2021-2030) ($MN)
• Table 32 North America Solar Cable Market Outlook, By Cable Type (2021-2030) ($MN)
• Table 33 North America Solar Cable Market Outlook, By Stranded (2021-2030) ($MN)
• Table 34 North America Solar Cable Market Outlook, By Solid (2021-2030) ($MN)
• Table 35 North America Solar Cable Market Outlook, By Application (2021-2030) ($MN)
• Table 36 North America Solar Cable Market Outlook, By Underground Service Entrances (2021-2030) ($MN)
• Table 37 North America Solar Cable Market Outlook, By Solar Panel Wiring (2021-2030) ($MN)
• Table 38 North America Solar Cable Market Outlook, By Service Terminal Connections (2021-2030) ($MN)
• Table 39 North America Solar Cable Market Outlook, By Other Applications (2021-2030) ($MN)
• Table 40 North America Solar Cable Market Outlook, By End User (2021-2030) ($MN)
• Table 41 North America Solar Cable Market Outlook, By Commercial (2021-2030) ($MN)
• Table 42 North America Solar Cable Market Outlook, By Residential (2021-2030) ($MN)
• Table 43 North America Solar Cable Market Outlook, By Industrial (2021-2030) ($MN)
• Table 44 North America Solar Cable Market Outlook, By Other End Users (2021-2030) ($MN)
• Table 45 Europe Solar Cable Market Outlook, By Country (2021-2030) ($MN)
• Table 46 Europe Solar Cable Market Outlook, By Material Type (2021-2030) ($MN)
• Table 47 Europe Solar Cable Market Outlook, By Aluminum (2021-2030) ($MN)
• Table 48 Europe Solar Cable Market Outlook, By Copper (2021-2030) ($MN)
• Table 49 Europe Solar Cable Market Outlook, By Other Material Types (2021-2030) ($MN)
• Table 50 Europe Solar Cable Market Outlook, By Voltage Type (2021-2030) ($MN)
• Table 51 Europe Solar Cable Market Outlook, By High Voltage Cable (2021-2030) ($MN)
• Table 52 Europe Solar Cable Market Outlook, By Medium Voltage Cable (2021-2030) ($MN)
• Table 53 Europe Solar Cable Market Outlook, By Low Voltage Cable (2021-2030) ($MN)
• Table 54 Europe Solar Cable Market Outlook, By Cable Type (2021-2030) ($MN)
• Table 55 Europe Solar Cable Market Outlook, By Stranded (2021-2030) ($MN)
• Table 56 Europe Solar Cable Market Outlook, By Solid (2021-2030) ($MN)
• Table 57 Europe Solar Cable Market Outlook, By Application (2021-2030) ($MN)
• Table 58 Europe Solar Cable Market Outlook, By Underground Service Entrances (2021-2030) ($MN)
• Table 59 Europe Solar Cable Market Outlook, By Solar Panel Wiring (2021-2030) ($MN)
• Table 60 Europe Solar Cable Market Outlook, By Service Terminal Connections (2021-2030) ($MN)
• Table 61 Europe Solar Cable Market Outlook, By Other Applications (2021-2030) ($MN)
• Table 62 Europe Solar Cable Market Outlook, By End User (2021-2030) ($MN)
• Table 63 Europe Solar Cable Market Outlook, By Commercial (2021-2030) ($MN)
• Table 64 Europe Solar Cable Market Outlook, By Residential (2021-2030) ($MN)
• Table 65 Europe Solar Cable Market Outlook, By Industrial (2021-2030) ($MN)
• Table 66 Europe Solar Cable Market Outlook, By Other End Users (2021-2030) ($MN)
• Table 67 Asia Pacific Solar Cable Market Outlook, By Country (2021-2030) ($MN)
• Table 68 Asia Pacific Solar Cable Market Outlook, By Material Type (2021-2030) ($MN)
• Table 69 Asia Pacific Solar Cable Market Outlook, By Aluminum (2021-2030) ($MN)
• Table 70 Asia Pacific Solar Cable Market Outlook, By Copper (2021-2030) ($MN)
• Table 71 Asia Pacific Solar Cable Market Outlook, By Other Material Types (2021-2030) ($MN)
• Table 72 Asia Pacific Solar Cable Market Outlook, By Voltage Type (2021-2030) ($MN)
• Table 73 Asia Pacific Solar Cable Market Outlook, By High Voltage Cable (2021-2030) ($MN)
• Table 74 Asia Pacific Solar Cable Market Outlook, By Medium Voltage Cable (2021-2030) ($MN)
• Table 75 Asia Pacific Solar Cable Market Outlook, By Low Voltage Cable (2021-2030) ($MN)
• Table 76 Asia Pacific Solar Cable Market Outlook, By Cable Type (2021-2030) ($MN)
• Table 77 Asia Pacific Solar Cable Market Outlook, By Stranded (2021-2030) ($MN)
• Table 78 Asia Pacific Solar Cable Market Outlook, By Solid (2021-2030) ($MN)
• Table 79 Asia Pacific Solar Cable Market Outlook, By Application (2021-2030) ($MN)
• Table 80 Asia Pacific Solar Cable Market Outlook, By Underground Service Entrances (2021-2030) ($MN)
• Table 81 Asia Pacific Solar Cable Market Outlook, By Solar Panel Wiring (2021-2030) ($MN)
• Table 82 Asia Pacific Solar Cable Market Outlook, By Service Terminal Connections (2021-2030) ($MN)
• Table 83 Asia Pacific Solar Cable Market Outlook, By Other Applications (2021-2030) ($MN)
• Table 84 Asia Pacific Solar Cable Market Outlook, By End User (2021-2030) ($MN)
• Table 85 Asia Pacific Solar Cable Market Outlook, By Commercial (2021-2030) ($MN)
• Table 86 Asia Pacific Solar Cable Market Outlook, By Residential (2021-2030) ($MN)
• Table 87 Asia Pacific Solar Cable Market Outlook, By Industrial (2021-2030) ($MN)
• Table 88 Asia Pacific Solar Cable Market Outlook, By Other End Users (2021-2030) ($MN)
• Table 89 South America Solar Cable Market Outlook, By Country (2021-2030) ($MN)
• Table 90 South America Solar Cable Market Outlook, By Material Type (2021-2030) ($MN)
• Table 91 South America Solar Cable Market Outlook, By Aluminum (2021-2030) ($MN)
• Table 92 South America Solar Cable Market Outlook, By Copper (2021-2030) ($MN)
• Table 93 South America Solar Cable Market Outlook, By Other Material Types (2021-2030) ($MN)
• Table 94 South America Solar Cable Market Outlook, By Voltage Type (2021-2030) ($MN)
• Table 95 South America Solar Cable Market Outlook, By High Voltage Cable (2021-2030) ($MN)
• Table 96 South America Solar Cable Market Outlook, By Medium Voltage Cable (2021-2030) ($MN)
• Table 97 South America Solar Cable Market Outlook, By Low Voltage Cable (2021-2030) ($MN)
• Table 98 South America Solar Cable Market Outlook, By Cable Type (2021-2030) ($MN)
• Table 99 South America Solar Cable Market Outlook, By Stranded (2021-2030) ($MN)
• Table 100 South America Solar Cable Market Outlook, By Solid (2021-2030) ($MN)
• Table 101 South America Solar Cable Market Outlook, By Application (2021-2030) ($MN)
• Table 102 South America Solar Cable Market Outlook, By Underground Service Entrances (2021-2030) ($MN)
• Table 103 South America Solar Cable Market Outlook, By Solar Panel Wiring (2021-2030) ($MN)
• Table 104 South America Solar Cable Market Outlook, By Service Terminal Connections (2021-2030) ($MN)
• Table 105 South America Solar Cable Market Outlook, By Other Applications (2021-2030) ($MN)
• Table 106 South America Solar Cable Market Outlook, By End User (2021-2030) ($MN)
• Table 107 South America Solar Cable Market Outlook, By Commercial (2021-2030) ($MN)
• Table 108 South America Solar Cable Market Outlook, By Residential (2021-2030) ($MN)
• Table 109 South America Solar Cable Market Outlook, By Industrial (2021-2030) ($MN)
• Table 110 South America Solar Cable Market Outlook, By Other End Users (2021-2030) ($MN)
• Table 111 Middle East & Africa Solar Cable Market Outlook, By Country (2021-2030) ($MN)
• Table 112 Middle East & Africa Solar Cable Market Outlook, By Material Type (2021-2030) ($MN)
• Table 113 Middle East & Africa Solar Cable Market Outlook, By Aluminum (2021-2030) ($MN)
• Table 114 Middle East & Africa Solar Cable Market Outlook, By Copper (2021-2030) ($MN)
• Table 115 Middle East & Africa Solar Cable Market Outlook, By Other Material Types (2021-2030) ($MN)
• Table 116 Middle East & Africa Solar Cable Market Outlook, By Voltage Type (2021-2030) ($MN)
• Table 117 Middle East & Africa Solar Cable Market Outlook, By High Voltage Cable (2021-2030) ($MN)
• Table 118 Middle East & Africa Solar Cable Market Outlook, By Medium Voltage Cable (2021-2030) ($MN)
• Table 119 Middle East & Africa Solar Cable Market Outlook, By Low Voltage Cable (2021-2030) ($MN)
• Table 120 Middle East & Africa Solar Cable Market Outlook, By Cable Type (2021-2030) ($MN)
• Table 121 Middle East & Africa Solar Cable Market Outlook, By Stranded (2021-2030) ($MN)
• Table 122 Middle East & Africa Solar Cable Market Outlook, By Solid (2021-2030) ($MN)
• Table 123 Middle East & Africa Solar Cable Market Outlook, By Application (2021-2030) ($MN)
• Table 124 Middle East & Africa Solar Cable Market Outlook, By Underground Service Entrances (2021-2030) ($MN)
• Table 125 Middle East & Africa Solar Cable Market Outlook, By Solar Panel Wiring (2021-2030) ($MN)
• Table 126 Middle East & Africa Solar Cable Market Outlook, By Service Terminal Connections (2021-2030) ($MN)
• Table 127 Middle East & Africa Solar Cable Market Outlook, By Other Applications (2021-2030) ($MN)
• Table 128 Middle East & Africa Solar Cable Market Outlook, By End User (2021-2030) ($MN)
• Table 129 Middle East & Africa Solar Cable Market Outlook, By Commercial (2021-2030) ($MN)
• Table 130 Middle East & Africa Solar Cable Market Outlook, By Residential (2021-2030) ($MN)
• Table 131 Middle East & Africa Solar Cable Market Outlook, By Industrial (2021-2030) ($MN)
• Table 132 Middle East & Africa Solar Cable Market Outlook, By Other End Users (2021-2030) ($MN)

According to Stratistics MRC, the Global Solar Cable Market is accounted for $2.15 billion in 2023 and is expected to reach $4.46 billion by 2030 growing at a CAGR of 11% during the forecast period. Solar cables are specialized electrical cables designed for use in photovoltaic (PV) systems to connect solar panels, inverters, and other components within solar power installations. Typically insulated with materials resistant to UV radiation and weathering, solar cables ensure safe and efficient transmission of direct current (DC) electricity generated by solar panels to inverters or charge controllers, facilitating the integration of solar energy into electrical grids or off-grid systems.

According to Department for Promotion of Industry and Internal Trade (DPIIT), more than USD 42 billion has been invested in India's renewable energy sector since 2014 and new investment in clean energy in the country reached USD 11.1 billion in the year 2018.

Market Dynamics:

Driver:

Rising solar installations

The growing adoption of solar energy as a renewable power source is a major driver for the solar cable market. The growing awareness of environmental issues and the need to reduce carbon emissions have propelled the demand for solar energy. Solar power is considered a clean and sustainable alternative to fossil fuels, making it an attractive option for individuals, businesses, and governments aiming to reduce their carbon footprint. As a result, the installation of solar panels has been on the rise, leading to an increased demand for solar cables.

Restraint:

High initial investment costs

Establishing a solar energy installation requires substantial upfront capital expenditure for purchasing solar panels, inverters, mounting structures, and associated components like solar cables. However, these costs can be particularly prohibitive for residential, commercial, and industrial entities with limited financial resources or stringent budget constraints. Therefore, high initial investment costs are an element limiting market expansion.

Opportunity:

Advancements in solar technology

As solar power systems evolve and improve the demand for high-quality and efficient solar cables increases. Higher-efficiency panels can convert a greater amount of sunlight into electricity, resulting in increased power output. Furthermore, advancements in energy storage technology, such as lithium-ion batteries, have become an integral part of solar power systems. Energy storage enables the storage of excess solar energy generated during the day for use during periods of low sunlight or high demand. Therefore, advancement in solar technology is a significant factor propelling market demand.

Threat:

Competition from alternative energy sources

The solar cable market faces competition from alternative energy sources, which poses a threat to its growth and market share. Wind turbines generate electricity by harnessing the power of wind, and wind farms have been established in many regions worldwide. Additionally, another alternative energy source competing with solar energy is hydropower. Hydropower plants generate electricity by utilizing the energy from flowing or falling water. In regions with abundant water resources, hydropower projects may be favored over solar installations, leading to reduced demand for solar cables.

Covid-19 Impact

The COVID-19 pandemic had a multifaceted impact on the solar cable market. Initially, lockdown measures and disruptions in supply chains led to delays in project timelines and installations, causing a temporary slowdown in demand for solar cables. Moreover, the economic downturn resulting from the pandemic prompted budget constraints and financing challenges for solar projects, particularly in sectors heavily affected by the crisis, such as commercial and industrial segments. This reduced investment appetite and caused project cancellations or postponements, affecting the demand for solar cables during the pandemic.

The stranded segment is expected to be the largest during the forecast period

The stranded segment is estimated to hold the largest share. The stranding of the wires allows for flexibility and durability, making it suitable for outdoor installations where the cable may be subjected to bending, twisting, or other forms of mechanical stress. Additionally, the increased surface area provided by the stranding allows for efficient conduction of electricity, minimizing power losses and maximizing the overall efficiency of the PV system.

The solar panel wiring segment is expected to have the highest CAGR during the forecast period

The solar panel wiring segment is anticipated to have lucrative growth during the forecast period. These cables are engineered to have excellent insulation properties, ensuring the safe and efficient transmission of electrical energy while protecting against potential hazards such as moisture, UV radiation, and temperature fluctuations. Overall, solar panel wiring plays a critical role in the reliability, efficiency, and safety of solar power systems, making it an essential component within the broader solar cable market.

Region with largest share:

Asia Pacific commanded the largest market share during the extrapolated period. Rapid industrialization, urbanization, and increasing investments in renewable energy infrastructure are fueling the demand for solar cables in countries like China, India, Japan, and Australia. China, being one of the largest consumers and manufacturers of solar energy components, contributes substantially to market growth in the region. Moreover, the government's supportive policies and initiatives towards clean energy adoption further propel the demand for solar cables in the country.

Region with highest CAGR:

North America is expected to witness profitable growth over the projection period. Favorable government policies and incentives aimed at promoting renewable energy adoption, such as tax credits and rebates, have stimulated the demand for solar cables in residential, commercial, and utility-scale solar projects. Additionally, technological advancements and innovations in solar cable design and manufacturing have improved efficiency, reliability, and safety standards. This has led to increased confidence in solar energy systems, further driving market demand.

Key players in the market

Some of the key players in the Solar Cable Market include Belden Inc., Havells, Kabelwerk Eupen AG., Allied Wire & Cable, Hellenic Group, Furukawa Electric Co. Ltd., ABB, Leoni Cables, Lapp Group, Leoni AG, Nexans SA, Polycab, Prysmian Group, LS Cable and System, Northwire Inc., Southwire Company LLC and TE Connectivity Ltd.

Key Developments:

In June 2023, Leoni AG has strengthened its cooperation with ProCab for the supply of cables to the automotive industry. This is due to the fact that companies can combine their resources, experience and knowledge to create better and more innovative products.

In April 2023, Havells India entered into a commercial agreement with Swedish tech start-up, Blixt Tech AB, to introduce Solid State Circuit Breaker (SSCB) technology in the domestic market.

In April 2023, Havells has partnered with Swedish tech startup Blixt Tech AB to bring Solid State Circuit Breaker (SSCB) technology to the Indian market. This move demonstrates Havells' commitment to innovative and future-ready solutions and strengthens its position in the switchgear segment, according to a joint statement.

Material Types Covered:

• Aluminum
• Copper
• Other Material Types

Voltage Types Covered:

• High Voltage Cable
• Medium Voltage Cable
• Low Voltage Cable

Cable Types Covered:

• Stranded
• Solid

Applications Covered:

• Underground Service Entrances
• Solar Panel Wiring
• Service Terminal Connections
• Other Applications

End Users Covered:

• Commercial
• Residential
• Industrial
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 End User Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Solar Cable Market, By Material Type

• 5.1 Introduction
• 5.2 Aluminum
• 5.3 Copper
• 5.4 Other Material Types

6 Global Solar Cable Market, By Voltage Type

• 6.1 Introduction
• 6.2 High Voltage Cable
• 6.3 Medium Voltage Cable
• 6.4 Low Voltage Cable

7 Global Solar Cable Market, By Cable Type

• 7.1 Introduction
• 7.2 Stranded
• 7.3 Solid

8 Global Solar Cable Market, By Application

• 8.1 Introduction
• 8.2 Underground Service Entrances
• 8.3 Solar Panel Wiring
• 8.4 Service Terminal Connections
• 8.5 Other Applications

9 Global Solar Cable Market, By End User

• 9.1 Introduction
• 9.2 Commercial
• 9.3 Residential
• 9.4 Industrial
• 9.5 Other End Users

10 Global Solar Cable Market, By Geography

• 10.1 Introduction
• 10.2 North America
  • 10.2.1 US
  • 10.2.2 Canada
  • 10.2.3 Mexico
• 10.3 Europe
  • 10.3.1 Germany
  • 10.3.2 UK
  • 10.3.3 Italy
  • 10.3.4 France
  • 10.3.5 Spain
  • 10.3.6 Rest of Europe
• 10.4 Asia Pacific
  • 10.4.1 Japan
  • 10.4.2 China
  • 10.4.3 India
  • 10.4.4 Australia
  • 10.4.5 New Zealand
  • 10.4.6 South Korea
  • 10.4.7 Rest of Asia Pacific
• 10.5 South America
  • 10.5.1 Argentina
  • 10.5.2 Brazil
  • 10.5.3 Chile
  • 10.5.4 Rest of South America
• 10.6 Middle East & Africa
  • 10.6.1 Saudi Arabia
  • 10.6.2 UAE
  • 10.6.3 Qatar
  • 10.6.4 South Africa
  • 10.6.5 Rest of Middle East & Africa

11 Key Developments

• 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 11.2 Acquisitions & Mergers
• 11.3 New Product Launch
• 11.4 Expansions
• 11.5 Other Key Strategies

12 Company Profiling

• 12.1 Belden Inc.
• 12.2 Havells
• 12.3 Kabelwerk Eupen AG.
• 12.4 Allied Wire & Cable
• 12.5 Hellenic Group
• 12.6 Furukawa Electric Co. Ltd.
• 12.7 ABB
• 12.8 Leoni Cables
• 12.9 Lapp Group
• 12.10 Leoni AG
• 12.11 Nexans SA
• 12.12 Polycab
• 12.13 Prysmian Group
• 12.14 LS Cable and System
• 12.15 Northwire Inc.
• 12.16 Southwire Company LLC
• 12.17 TE Connectivity Ltd.