Press release
Market Trend Analysis: The Impact of Recent Innovations on the Solar Cable Market
Solar Cable Market
Projected Market Size and Growth Trajectory for Solar Cable Market
The solar cable market is anticipated to experience significant growth, reaching a valuation of $1.91 billion by 2030. This growth corresponds to a compound annual growth rate (CAGR) of 11.4% over the forecast period. Several factors contribute to this upward trend, including the rapid expansion of utility-scale solar farms, growing demand for efficient cable solutions, increased use of aluminum-based solar wiring, the rise of smart solar infrastructure, and the innovation of advanced fire-resistant cable jackets. Key developments expected to influence the market include the adoption of UV and heat-resistant cable designs, heightened demand for high-voltage DC solar cables, broader usage of stranded cables for large-scale installations, a shift towards lightweight aluminum solar cables, and enhanced weatherproof and durable cable jackets.
Download a free sample of the solar cable market report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=13537&type=smp
Emerging Companies Driving the Solar Cable Market
The solar cable sector features a range of influential companies actively shaping its growth. Prominent market participants include Prysmian Group, Nexans S.A., JinkoSolar Holding Co., Ltd., KEI Industries Limited, Phoenix Contact GmbH & Co. KG, Leoni AG, General Cable Technologies Corporation, Atkore International Group Inc., Encore Wire Corporation, Belden Inc., Southwire Company LLC, Havells India Limited, APAR Industries Ltd., Lapp Group, HUBER+SUHNER AG, SolarWorld AG, ReneSola Ltd., HELU KABEL GmbH, Ram Ratna Group, Lumberg Connect GmbH, TAI Sin Electric Limited, Polycab India Limited, Alpha Wire Company, Allied Wire & Cable Inc., Top Cable S.A., Amphenol Industrial Products Group, TPC Wire & Cable Corp., Eldra B.V., KBE Elektrotechnik GmbH, Relemac Technologies Private Limited, and Ningbo Pntech New Energy Co., Ltd.
In a notable event from April 2023, Nexans, a French company specializing in cable and optical fiber manufacturing, acquired Finland-based Reka Cables. Though the acquisition amount was undisclosed, this move is aimed at accelerating Nexans' expansion in the Nordic region while integrating Reka Cables' expertise across high, medium, and low-voltage cable production. Reka Cables supplies electrical cables for power distribution, building applications, and renewable energy sectors, which complements Nexans' global electrification solutions focused on smarter and more sustainable energy networks.
View the full solar cable market report:
https://www.thebusinessresearchcompany.com/report/solar-cable-global-market-report
Important Trends Influencing the Solar Cable Industry
Leading companies within the solar cable market are introducing innovative products, particularly photovoltaic (PV) cable solutions, to provide durable and reliable cables that can extend the operational life of solar energy systems globally. PV cable solutions refer to the specialized cables used in photovoltaic systems to connect components such as solar panels, inverters, and combiner boxes.
For example, in March 2023, Prysmian Group, an Italian manufacturer, launched the Prysmian PRYSOLAR cable solution, which represents a significant advancement in solar energy cable technology. This product complies with international standards EN 50618 and IEC 62930, demonstrating exceptional resistance to water and capable of handling voltages up to 1800 V DC. Its durability in wet environments is validated by an industry-first test protocol, and Prysmian PRYSOLAR guarantees a lifespan exceeding 30 years, even under extreme weather conditions.
Segmentation Breakdown Within the Solar Cable Market
The solar cable market is segmented across several dimensions to better understand its scope and application areas:
1) By Type:
- Solid
- Stranded
2) By Material Type:
- Copper
- Aluminum
- Other Material Types
3) By Application:
- Solar Panels Wiring
- Underground Service Entrances
- Service Terminal Connections
4) By End-Users:
- Residential
- Commercial
- Industrial
Within these categories, further subsegments include:
- Solid cables divided into Single-Core Solid Solar Cables and Multi-Core Solid Solar Cables
- Stranded cables split into Single-Core Stranded Solar Cables and Multi-Core Stranded Solar Cables
This detailed classification highlights the diversity of product offerings and usage scenarios in the expanding solar cable market, catering to a wide range of infrastructure needs across various industries.
Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/,
Americas +1 310-496-7795,
Europe +44 7882 955267,
Asia & Others +44 7882 955267 & +91 8897263534,
Email us at info@tbrc.info.
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Market Trend Analysis: The Impact of Recent Innovations on the Solar Cable Market here
News-ID: 4378073 • Views: …
More Releases from The Business Research Company
Market Driver Insights: The Impact of Recent Advances on the Smart Loading-Zone …
The smart loading-zone LED display market is on track for significant expansion as technology advances and urban infrastructure evolves. With increasing adoption of intelligent traffic solutions and smart city projects, this sector is set to transform how loading zones are managed and monitored. Let's explore the market's size, key players, segments, and driving trends that shape its future.
Expected Market Size and Growth Trajectory for Smart Loading-Zone LED Displays
The smart…
Segment Breakdown and Major Growth Areas in the Thick Film Materials Market
The thick film materials market is positioned for impactful growth as various industries increasingly demand advanced electronic components. With rising innovation and expanding applications, this sector is set to experience dynamic changes over the coming years. Below, we explore the current market size, key players, prevailing trends, and the main segments shaping the outlook of thick film materials.
Market Valuation and Anticipated Growth in the Thick Film Materials Market
The thick…
Overview of Segmentation, Market Dynamics, and Competitive Landscape in the Smar …
The smart home security camera market is set to experience significant expansion in the coming years as consumers increasingly prioritize home safety and embrace connected home technologies. Driven by advances in artificial intelligence and growing adoption of subscription services, this market is evolving rapidly with innovations that enhance security and convenience for users worldwide. Let's explore the market's size projections, key players, emerging trends, and segmentation for a clearer picture…
Global Trends Overview: The Rapid Evolution of the Thermal Camera Market
The thermal camera market is gaining considerable attention as technological advancements and expanding applications drive its growth globally. Innovations in sensor technology, integration with AI, and broader adoption across various industries are setting the stage for significant expansion in the coming years. Let's explore the market's size, key players, emerging trends, and segmentation to understand its promising outlook.
Forecast for Thermal Camera Market Size by 2030
The thermal camera market is…
More Releases for Cable
Cable Management Market by Type (Cable Trays, Cable Raceway, Cable Conduits, Cab …
The Cable Management Market would portray a significant CAGR by 2027, as per the latest report published by Allied Market Research.
Allied Market Research recently published a report, titled, “Cable Management Market by Type (Cable Trays, Cable Raceway, Cable Conduits, Cable Connectors &Glands, Cable Carriers, cable Lugs, Cable Junction Boxes, and Others), and End User (IT & Telecommunication, Commercial Construction, Energy, Manufacturing and Automation, Marine, Mining, Healthcare, and Others): Global Opportunity…
Automotive Control Cable Market 2019 Precise Outlook - SAB Cable, Allied Wire & …
Global Automotive Control Cable Market Report 2019-2025 provides insightful data about business strategies, qualitative and quantitative analysis of Global Market. The report also calls for market – driven results deriving feasibility studies for client needs. MarketInsightsReports ensures qualified and verifiable aspects of market data operating in the real- time scenario. The analytical studies are conducted ensuring client needs with a thorough understanding of market capacities in the real- time…
Cable & Accessories Industry - Nexans, General Cable Technologies, ABB, Brugg, P …
Electrical cable, an assembly of one or more wires which may be insulated, used for transmission of electrical power or signals
Wide array and volume of cable & accessories applications, high demand from residential to industrial applications and increasing power demand is expected to drive growth in cable and accessories market. Furthermore, Growth in rural electrification especially in the developing economies, growing use of cable & accessories in various industries and…
Global Submarine Cable Market 2017: General Cable, Nexans, Prysmian Group, Allie …
Submarine Cable Market Research Report 2017
In this report, the global Submarine Cable market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.
Geographically, this report split global into several key Regions, with sales (volume), revenue (value), market share and growth rate of Submarine Cable for these regions, from 2012…
Cable Management System Market (Cable Tray, Cable Ladder, Raceway, Cable Trunkin …
This report on the global cable management system market provides analysis for the period from 2014 to 2024, wherein 2015 is the base year and the years from 2016 to 2024 are the forecast period. Data for 2014 has been included as historical information. The report covers all the prevalent trends and technologies playing a major role in the growth of the cable management systems market over the forecast period…
Global Nuclear Power Cable Market 2016 : Qingdao Hanlan Cable, Jiangsu Shangshan …
A market study based on the "Nuclear Power Cable Market" across the globe, recently added to the repository of Market Research, is titled ‘Global Nuclear Power Cable Market 2016’. The research report analyzes the historical as well as present performance of the global Nuclear Power Cable market, and makes predictions on the future status of Nuclear Power Cable market on the basis of this analysis.
Get Free Sample Copy of Report…
