Global Solar Cable Market Projected To Grow At 12.1% CAGR Between 2018-2022

Date: 2018-03-13

A solar cable is the interconnection cable used in photovoltaic power generation. Solar cables interconnect solar panels and other electrical components of a photovoltaic system. Solar cables are designed to be UV resistant and weather resistant. They can be used within a large temperature range and are generally laid outside.

Solar cable is expected to grow positively due to the increasing installations of photovoltaic energy across the world, favorable government initiatives to promote off-grid solar power installations particularly in developed economies of Europe and North America are also expected to have a positive influence on the market growth, according to report, global Solar Cable market is projected to grow at 12.1% CAGR between 2018-2022.

In terms of geography, the driver for growth is concerning detrimental environmental impact associated with fossil fuel and nuclear based power generation plant by governments. Governments across various countries have been promoting electricity generation through renewable energy sources. Asia Pacific is the largest solar energy market, and China is the largest photovoltaic installation country across the world, which is expected to remain the position for the next coming years.

Region followed Europe, which is expected grow at a CAGR of 10.2% over the forecast period; North America, is expected to register at a CAGR of 9.6% from 2018 to 2022.

On the basis of application, BIPV/BAPV is anticipated to be the fastest growing application segment at an estimated CAGR of 13.0% from 2018 to 2022. DSSC ability to provide optimum power for these applications is anticipated to raise product demand over the forecast period.

Global top manufacturers operating in Solar Cable Market are 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., Allied Wire & Cable, and Lapp Group among others.

Global Solar Cable market share by region as following:

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Joanna | Executive – International Business and partner Relations
E-mail: | Tel: 510-400-8520


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