Solar Cable Market Estimated to Reach a US$ 1,641.92 Million Value by 2025

The threat posed by global warming has been gaining recognition across the world in the recent past and the emission of greenhouse gases has been detected as the primary culprit. Collectively, a number of developed and developing economies have pledged to harness the prospects of renewable energy and, among hydro, wind, and solar alternatives, solar energy is emerging as the most lucrative segment of the renewable energy industry.

[USPRwire, Tue Feb 26 2019] Market Research Reports Search Engine (MRRSE) has recently updated its massive report catalog by adding a fresh study titled Solar Cable Market Estimated to Reach a US$ 1,641.92 Million Value by 2025. This business intelligence study encapsulates vital details about the market current as well as future status during the mentioned forecast period of 2025. The report also targets important facets such as market drivers, challenges, latest trends, and opportunities associated with a growth of manufacturers in the global market for Solar Cable. Along with these insights, the report provides the readers with crucial insights on the strategies implemented by leading companies to remain in the lead of this competitive market.



The threat posed by global warming has been gaining recognition across the world in the recent past and the emission of greenhouse gases has been detected as the primary culprit. Collectively, a number of developed and developing economies have pledged to harness the prospects of renewable energy and, among hydro, wind, and solar alternatives, solar energy is emerging as the most lucrative segment of the renewable energy industry. Consequently, the market for solar cables is flourishing, as they provide adequate connection between various electrical elements of a solar panel in a photovoltaic system. According to this business intelligence publication, the demand in the global solar cable market will multiply at a formidable CAGR of 14.1% during the forecast period of 2017 to 2025. The analysts of the report have evaluated that the solar cable market was worth merely US$465.71 mn in 2015 but the opportunities will translate into a substantially increased revenue of US$1,641.92 mn by the end of 2025.



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The market overview section of the report demonstrates the market dynamics and market trends, such as the drivers, restraints, and opportunities that influence the current nature and future status of the market. An attractiveness analysis have also been provided for every geographic region in the report, in order to provide a thorough analysis of the overall competitive scenario of the solar cable market, globally. Moreover, the report provides an overview of the various strategies of key players present in the market. Introduction and market definition chapter helps in understanding different technologies of solar cable along with their applications which are included in the report.



The report segments the global solar cable market on the basis of various product type into Copper and Aluminum Alloy. Furthermore, the market is segmented on the basis of cable type into solid and stranded wires. On the basis of application, the market is segmented into solar panels wiring, underground service entrances and service terminal connections. The market is segmented on the basis of its uses in various end-use industry into residential, commercial, and Industrial segment. Thus, the report provides in-depth cross-segment analysis of the solar cable market and classifies it into various levels, thereby providing valuable insights at the macro as well as micro levels.



On the basis of country, North American market is segmented into The U.S., Canada and Rest of North America. Similarly, Europe market is segmented into The U.K., Germany, France, and Rest of Europe. Asia Pacific have been segmented into China, Japan, India, and Rest of Asia Pacific. Middle East and Africa covers the GCC countries, South Africa and Rest of Middle East and Africa. Similarly, South American region includes Brazil, and Rest of South America. This report provides all the essential information required to understand the solar cable and its components. Furthermore, Porters Five Forces analysis explains the factors which are currently affecting the market. This report also provides the value chain analysis for the solar cable market which explains the participants of the value chain. The report also provides the current market trend impact analysis across each region.



The report also highlights the competitive landscape of the solar cable market, thereby positioning all the major players according to their geographic presence and recent key developments. The comprehensive solar cable market estimates are the result of our in-depth secondary research, primary interviews, and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, social, economic, technological, and legal factors along with the current market dynamics affecting the solar cable markets growth.



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Some of the key players engaged in solar cable market include various manufacturers such as General Cable Corporation, Huber+Suhner AG, Atkore International Group, Inc., ReneSola Ltd, Lumberg Connect GmbH, Ram Ratna Wires Ltd., Prysmian Group, Taiyo Cable Tech Co., Ltd., 15.3.9. Allied Wire & Cable, and Lapp Group. Details such as financials, and products/service offerings pertaining to these players have been duly provided as part of company profiling.



Market Segmentation



Global Solar Cable Market, By Product Type



Copper



Aluminum Alloy



Global Solar Cable Market, By Cable Type



Solid



Stranded



Global Solar Cable Market, By Application



Solar Panels Wiring



Underground Service Entrances



Service Terminal Connections



Global Solar Cable Market, By End-user



Residential



Commercial



Industrial



In addition, the report provides analysis of the global solar cable market with respect to the following regions:



North America



U.S.



Canada



Rest of North America



Europe



The U.K.



Germany



France



Rest of Europe



Asia Pacific



China



Japan



India



Rest of Asia Pacific



Middle East and Africa (MEA)



GCC Countries



South Africa



Rest of MEA



South America



Brazil



Rest of South America



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