Press release
Solar Cable Market: rapidly growing with various installations
This cables can be used at a high temperature range and are generally kept outside and it is easy to strip, has a space saving outer diameter, and flexible. The solar cable is directly related to the distribution network system and solar electricity and this cable is made up of electron beam cross linked coating and insulation which gives them a high resistance against UV.
The solar industry is a rapidly growing industry and the need for solar interconnect cables and solar wires is growing with it. Solar cables can be used in outdoor, indoor, agriculture, industry as well as in hazard explosion areas. The one common factor of solar cable is outdoor use which is characterized by high ultra violet radiations and high temperature. The different application in the solar industry are agriculture, residential, and commercial.
Solar cable has created enormous demand for transmission and generation related technologies and equipment. Solar cable has seen rapid growth inspiring cable companies to meet specifications as cables are the only medium for the specific cabling requirements and to transmit power. The main factors for the solar cable industry are quality and prices.
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The cost of solar cables has come down significantly over the last few years, and making it easier to realize these targets. With the huge demand for solar power, increase in demand for solar cables is expected during the forecast period. The increasing importance of solar cable is expected to boost the overall market growth in near future.
However due to low efficiency, longevity problems, overheating, and technical cabling losses the market’s growth is expected to slow down up to some extent. However, solar cable industry is estimated to grow in the future, demand for solar cable is rapidly growing with various installations. The availableness of insulating material at affordable prices would be driving factors in the solar cable market.
The solar cable market is segmented on the basis of product, application and region. In terms of product the market is segmented into copper core and aluminum alloy core. Copper has a greater conductivity, it carries more current at the same size. Because of its high conductivity it has become the international standard to which all the electrical conductors are compared.
In terms of application, the market is segmented into residential, commercial, and industrial. In terms of region market is segmented into North America, Europe, Asia-Pacific, South America, and Middle-East and Africa. China and the U.S. is expected to lead the solar cable market. India has seen an unforeseen rise in the solar cable market in previous few years. India is the third biggest solar market worldwide. India is also exporting its cables in Abu Dhabi, Morocco and Latin America.
Some of the major key players in solar cable market are Lapp Group, Allied Wire & Cable, General Cable Technologies Corporation, Eldra B.V., HUBER+SUHNER, KBE Elektroteknik GmbH, Staubli Electrical Connectors AG (Multi Contact), Phoenix Contact, Renesola, Atkore International, and Amphenol Industrial Products Group among others.
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