솔라 케이블 시장 규모 : 유형별, 최종 용도별, 전류별, 지역별 전망 및 예측(2024-2032년)

Solar Cable Market size is poised to expand at over 9% CAGR between 2024 and 2032, propelled by the global shift towards renewable energy adoption.

With several countries and industries committed to reducing carbon emissions and mitigating climate change, solar power has emerged as a leading clean energy solution. Solar cables are essential components in photovoltaic systems that transmit solar-generated electricity efficiently and reliably. The increasing installation of solar panels in residential, commercial, and utility-scale projects worldwide is driving the demand for high-quality solar cables. Moreover, major manufacturers are focusing on providing solar cable solutions to cater to the rising end-user demand, further boosting the market growth. For instance, in December 2023, Remee Wire & Cable, a local wire and cable producer, strengthened its commitment to supporting solar and wind energy projects by providing comprehensive cabling solutions.

The solar cable industry is segmented into type, end-use, current, and region.

Based on type, the market value from the THHN wire segment is projected to witness high demand from 2024-2032. THHN wires are increasingly used in solar energy installations as they are known for their durability, heat resistance, and electrical conductivity. These wires are ideal for connecting solar panels to inverters and battery systems for ensuring efficient power transmission. The surge in solar projects, both residential and commercial is also likely to fuel the demand for high-quality THHN wires capable of withstanding outdoor conditions and heavy loads.

With respect to end-use, the solar cable market from the commercial segment will attain significant CAGR from 2024-2032. Commercial establishments, including offices, shopping malls, hotels, and industrial facilities are increasingly adopting solar energy solutions to reduce operational costs and carbon footprints. Solar cables are essential components in these installations for facilitating the efficient transmission of solar-generated electricity to power the premises. Furthermore, the scalability, reliability, and cost-effectiveness of solar energy is contributing to its increasing adoption by commercial entities seeking sustainable energy sources.

Regionally, the North America solar cable industry is set to exhibit robust growth from 2024 to 2032, attributed to the increasing adoption of solar energy solutions in the region. Several government incentives, such as tax credits and rebates are encouraging the installation of solar panels in residential, commercial, and utility-scale projects. For instance, in July 2023, Itochu and Sumitomo Mitsui Trust Bank launched a $500 million fund to invest in clean energy projects in North America given that the U.S. government is likely to provide significant subsidies for new solar and wind projects. Additionally, the growing awareness of renewable energy benefits coupled with advancements in solar technology will fuel the demand for high-quality, durable solar cables in the region.

Table of Contents

Chapter 1 Methodology & Scope

• 1.1 Market definitions
• 1.2 Base estimates & calculations
• 1.3 Forecast calculation
• 1.4 Data sources
  • 1.4.1 Primary
  • 1.4.2 Secondary
    • 1.4.2.1 Paid
    • 1.4.2.2 Public

Chapter 2 Executive Summary

• 2.1 Industry 360 degree synopsis, 2019 - 2032

Chapter 3 Industry Insights

• 3.1 Industry ecosystem analysis
  • 3.1.1 Vendor matrix
• 3.2 Regulatory landscape
• 3.3 Industry impact forces
  • 3.3.1 Growth drivers
  • 3.3.2 Industry pitfalls & challenges
• 3.4 Growth potential analysis
• 3.5 Porter's Analysis
  • 3.5.1 Bargaining power of suppliers
  • 3.5.2 Bargaining power of buyers
  • 3.5.3 Threat of new entrants
  • 3.5.4 Threat of substitutes
• 3.6 PESTEL analysis

Chapter 4 Competitive landscape, 2023

• 4.1 Strategic dashboard
• 4.2 Innovation & sustainability landscape

Chapter 5 Market Size and Forecast, By Type, 2019 - 2032 ('000 Tonnes & USD Million)

• 5.1 Key trends
• 5.2 PW wire
• 5.3 USE-2 wire
• 5.4 THHN wire

Chapter 6 Market Size and Forecast, By End Use, 2019 - 2032 ('000 Tonnes & USD Million)

• 6.1 Key trends
• 6.2 Residential
• 6.3 Commercial
• 6.4 Industrial

Chapter 7 Market Size and Forecast, By Current, 2019 - 2032 ('000 Tonnes & USD Million)

• 7.1 Key trends
• 7.2 AC
• 7.3 DC

Chapter 8 Market Size and Forecast, By Region, 2019 - 2032 ('000 Tonnes & USD Million)

• 8.1 Key trends
• 8.2 North America
  • 8.2.1 U.S.
  • 8.2.2 Canada
  • 8.2.3 Mexico
• 8.3 Europe
  • 8.3.1 UK
  • 8.3.2 France
  • 8.3.3 Netherlands
  • 8.3.4 Italy
  • 8.3.5 Spain
  • 8.3.6 Germany
  • 8.3.7 Russia
• 8.4 Asia Pacific
  • 8.4.1 China
  • 8.4.2 Japan
  • 8.4.3 India
  • 8.4.4 Australia
  • 8.4.5 South Korea
• 8.5 Middle East & Africa
  • 8.5.1 Saudi Arabia
  • 8.5.2 UAE
  • 8.5.3 Qatar
  • 8.5.4 Kuwait
  • 8.5.5 South Africa
  • 8.5.6 Egypt
• 8.6 Latin America
  • 8.6.1 Brazil
  • 8.6.2 Argentina
  • 8.6.3 Peru

Chapter 9 Company Profiles

• 9.1 ABB
• 9.2 Allied Wire & Cable
• 9.3 Alpha Wire
• 9.4 Belden Inc.
• 9.5 Fujikura Ltd.
• 9.6 Furukawa Electric Co. Ltd.
• 9.7 General Cable
• 9.8 Havells
• 9.9 Hellenic Group
• 9.10 Helukabel
• 9.11 Kabelwerk Eupen AG.
• 9.12 KEI Industries
• 9.13 Lapp Group
• 9.14 Leoni AG
• 9.15 Leoni Cables
• 9.16 LS Cable and System
• 9.17 Nexans SA
• 9.18 Northwire Inc.
• 9.19 Polycab
• 9.20 Prysmian Group
• 9.21 RR Kabel
• 9.22 Southwire Company LLC
• 9.23 TE Connectivity Ltd.