Solar Cable Systems Market 2021: Growing Demand Analysis by Companies Strategy, Developments, Market Position, Opportunities, and New Product Launches - Prysmian Group, Nexans, Amphenol Industrial, Eldra B.V., Lapp Group, Havells India

The “Solar Cable Systems Market” report provides 2021-2027 a detailed market overview based on current and future trends that will determine the profit structure. Market size, demand, supply chain, market growth factors, and future trends. It involves an in-depth study of the current trends leading to this vertical trend in different regions. The report provides important information related to components and factors such as market size, market share, market segmentation, main growth drivers, and market competition. Solar Cable Systems market segments are highlighted by type and application, region, and major players. It provides key statistics on the market conditions of major market participants.

“The Solar Cable Systems Market is predicted to register a CAGR of 13.9% over the forecast period 2021 – 2027.”

Key Competitors of the Solar Cable Systems market is:

Prysmian Group, Nexans, Amphenol Industrial, Eldra B.V., Lapp Group, Havells India, KBE Elektrotechnik, Taiyo Cable Tech, KEI Industries, Yueqing Feeo Electric, Changzhou Painuo Electronic, Ningbo Pntech New Energy

Recent Development:

Havells has acquired the consumer business infrastructure, people, distribution network including and not
limited to absolute, exclusive ownership and right to all intellectual property of Brand Lloyd, logo,
trademark, goodwill and attendant rights. Through this acquisition, Havells marks a foray into the Consumer durables industry currently estimated at $15 billion and growing in double digits with low penetration levels, increasing urbanization, aspirational and expanding middle class. Lloyd has, over the last decade, built a brand, distribution and service network to provide a comprehensive experience to its consumers. It is among the top 3 brands in the air-conditioners category with a well-entrenched national network in Tier I and II cities. The brand has expanded into TVs and Washing machines as well.

Nexans has acquired 9 companies, including 2 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 2 assets. Nexans’ largest acquisition to date was in 2006 when it acquired Olex Australia Pty for $515M. Its largest disclosed sale occurred in 2020 when it sold Berk-Tek to Leviton Manufacturing for $202M. Nexans has acquired in 2 different US states, and 8 countries. The Company’s most targeted sectors include electrical equipment (100%). Nexans provides cables and cabling solutions for energy infrastructure, industry, and building markets worldwide. It operates through three segments: Transmission, Distribution, and Operators; Industry; and Distributors and Installers. Nexans was founded in 1994 and is based in Courbevoie, France.

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Impact of COVID-19 on the Solar Cable Systems Market:

The rise of COVID-19 has tempered showcase improvement; anyhow, the market is consistently choosing up-tempo because of growing lockdowns. The fast increment in CAGR is thanks to the request and extension of this marketplace, which is a practicality to come to pre-pandemic ranges once the large, is gone.

Major Types covered are:

Copper Solar Cables
Aluminum Solar Cables
Other

Major Applications covered are:

Utility
Non-utility

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North America to Dominate the Market

The demand for technologically advanced equipment is creating significant demand for cable glands in North America. North American is a technology-based region mainly relying on construction, manufacturing, and oil & natural gas industries. The United States is one of the significant markets for cable glands (and other cable management tools), and it is expected to continue its dominance.
Increasing consumer demand and innovation, combined with a competing workforce and supply chain capable of building, installing, and servicing all energy technologies, make the United States one of the most attractive markets. According to the International Energy Agency, the United States has experienced a total Global investment in the energy efficiency of USD 250 Billion in 2019.

Regional market Solar Cable Systems (regional production, demand and forecast by country):

South America (Brazil, Argentina, Ecuador, Chile)

Asia Pacific (China, Japan, India, Korea)

Europe (Germany, UK, France, Italy)

Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And more.

The inquire approximately record considers the past, display, and destiny execution of the global market. The record advances investigations the display aggressive situations, most important trade models, and consequently the possible headways in services with the aid of using crucial gamers inside the upcoming years.

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Key Market Trends:

The utility segment represented almost 72% of the overall volume in 2018 on account of the increasing demand for electricity due to population growth worldwide.
The non-utility segment is likely to register a CAGR of about 19% in terms of revenue from 2019 to 2023 owing to the increasing adoption of microgrids to reduce the dependence on the grid and the space advantages of solar PV installations.
The Asia Pacific solar cable systems market accounted for more than 65% of the overall revenue in 2018, on account of the increasing adoption of microgrids, and the declining cost of solar power generation.
The market is highly fragmented with a large number of players occupying the market share. In addition, the development and technological innovations in solar cable systems are intensifying the competition among players.

Report Features:

To project the value and sales volume of the Solar Cable Systems market, concerning key regions.
To analyses competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To study and analyses the global Solar Cable Systems market size (value & volume) by company, key regions, products, and end-user, breakdown data from The Last Five Years, and forecast to 2027.
To understand the structure of the Solar Cable Systems market by identifying its various sub-segments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, industry-specific challenges, and risks).

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