Solar cables Market Key Players Analysis 2031
A solar cable is an interlinked cable that is used for interconnecting solar panels and other electrical components in the photovoltaic power generation industry. Quick mounting, UV protection, lifelong reliability, outdoor longevity, mobility, and stripping capability are some of the features that make solar cables suitable for industrial applications. In compliance with environmental regulations, these cables are flame-retardant and completely recyclable. A solar cable is a cable used in the development of photovoltaic electricity. Solar cables are designed to be resistant to UV and climate.
MARKET SCOPE
The "Global Solar cables market Analysis to 2031" is a specialized and in-depth study of the Solar cables market with a special focus on the global market trend analysis. The report aims to provide an overview of Solar cables market with detailed market segmentation by material, application, and geography. The global Solar cables market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Solar cables market players and offers key trends and opportunities in the Solar cables market.
MARKET SEGMENTATION
- The global solar cables market is segmented on the basis of material, and application.
- On the basis of material, the market is divided into copper, aluminum, and others.
- On the basis of application, the market is segmented on the basis of residential, and nonresidential.
Drivers
- Solar photovoltaic industry is an eco-friendly industry, and is anticipated to play a significant role in resolving energy problems. Development of the solar photovoltaic industry is the primary factor that drives the growth of the solar cables market growth.
- Fluctuating prices of raw materials, such as copper, restrict the market growth.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The solar cables market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the solar cables market in these regions.
IMPACT OF COVID-19 ON SOLAR CABLES MARKET
COVID-19 had an immediate impact on the worldwide solar cablessector due to social distancing norms and a labour shortage. As a result, new projects were cancelled and installations were postponed.
Some of the major economies suffering from the COVID-19 crises include Germany, France, Italy, Spain, the UK, and Norway. In many countries, the economy has dropped due to halt of several industries, especially transport and supply chain. Demand for the product has been hindered as there is no development due to the lockdown. The demand-supply gap, disruptions in raw material procurement, and price volatility are expected to hamper growth of the industry during the COVID-19 pandemic. Due to a scarcity of resources in various parts of the world, the COVID-19 pandemic has impacted negatively on the commercial and industrial sector. The industry's top players are concerned about market's prospects and are rethinking their strategies to meet the challenge.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The solar cables market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the solar cables market in these regions.
IMPACT OF COVID-19 ON SOLAR CABLES MARKET
COVID-19 had an immediate impact on the worldwide solar cablessector due to social distancing norms and a labour shortage. As a result, new projects were cancelled and installations were postponed.
Some of the major economies suffering from the COVID-19 crises include Germany, France, Italy, Spain, the UK, and Norway. In many countries, the economy has dropped due to halt of several industries, especially transport and supply chain. Demand for the product has been hindered as there is no development due to the lockdown. The demand-supply gap, disruptions in raw material procurement, and price volatility are expected to hamper growth of the industry during the COVID-19 pandemic. Due to a scarcity of resources in various parts of the world, the COVID-19 pandemic has impacted negatively on the commercial and industrial sector. The industry's top players are concerned about market's prospects and are rethinking their strategies to meet the challenge.
MARKET PLAYERS
The report covers key developments in the solar cables market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from multi fuel generatormarket market are anticipated to lucrative growth opportunities in the future with the rising demand for solar cables market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Solar cables market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Allied Wire & Cable, Inc.
- Amphenol Industrial Products Group
- Eldra B.V.
- General Cable Corporation
- KBE Elektrotechnik GmbH
- Lapp Group
- Lumberg Group
- Ningbo Pntech New Energy Co., Ltd.
- Phoenix Contact GmbH & Co. KG
- Taiyo Cable Tech Co., Ltd.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Solar Cables Market - By Material
1.3.2 Solar Cables Market - By Application
1.3.3 Solar Cables Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SOLAR CABLES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. SOLAR CABLES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. SOLAR CABLES MARKET - GLOBAL MARKET ANALYSIS
6.1. SOLAR CABLES - GLOBAL MARKET OVERVIEW
6.2. SOLAR CABLES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SOLAR CABLES MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL
7.1. OVERVIEW
7.2. MATERIAL MARKET FORECASTS AND ANALYSIS
7.3. COPPER
7.3.1. Overview
7.3.2. Copper Market Forecast and Analysis
7.4. ALUMINUM
7.4.1. Overview
7.4.2. Aluminum Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. SOLAR CABLES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. RESIDENTIAL
8.3.1. Overview
8.3.2. Residential Market Forecast and Analysis
8.4. NONRESIDENTIAL
8.4.1. Overview
8.4.2. Nonresidential Market Forecast and Analysis
9. SOLAR CABLES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Solar Cables Market Overview
9.1.2 North America Solar Cables Market Forecasts and Analysis
9.1.3 North America Solar Cables Market Forecasts and Analysis - By Material
9.1.4 North America Solar Cables Market Forecasts and Analysis - By Application
9.1.5 North America Solar Cables Market Forecasts and Analysis - By Countries
9.1.5.1 United States Solar Cables Market
9.1.5.1.1 United States Solar Cables Market by Material
9.1.5.1.2 United States Solar Cables Market by Application
9.1.5.2 Canada Solar Cables Market
9.1.5.2.1 Canada Solar Cables Market by Material
9.1.5.2.2 Canada Solar Cables Market by Application
9.1.5.3 Mexico Solar Cables Market
9.1.5.3.1 Mexico Solar Cables Market by Material
9.1.5.3.2 Mexico Solar Cables Market by Application
9.2. EUROPE
9.2.1 Europe Solar Cables Market Overview
9.2.2 Europe Solar Cables Market Forecasts and Analysis
9.2.3 Europe Solar Cables Market Forecasts and Analysis - By Material
9.2.4 Europe Solar Cables Market Forecasts and Analysis - By Application
9.2.5 Europe Solar Cables Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Solar Cables Market
9.2.5.1.1 Germany Solar Cables Market by Material
9.2.5.1.2 Germany Solar Cables Market by Application
9.2.5.2 France Solar Cables Market
9.2.5.2.1 France Solar Cables Market by Material
9.2.5.2.2 France Solar Cables Market by Application
9.2.5.3 Italy Solar Cables Market
9.2.5.3.1 Italy Solar Cables Market by Material
9.2.5.3.2 Italy Solar Cables Market by Application
9.2.5.4 United Kingdom Solar Cables Market
9.2.5.4.1 United Kingdom Solar Cables Market by Material
9.2.5.4.2 United Kingdom Solar Cables Market by Application
9.2.5.5 Russia Solar Cables Market
9.2.5.5.1 Russia Solar Cables Market by Material
9.2.5.5.2 Russia Solar Cables Market by Application
9.2.5.6 Rest of Europe Solar Cables Market
9.2.5.6.1 Rest of Europe Solar Cables Market by Material
9.2.5.6.2 Rest of Europe Solar Cables Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Solar Cables Market Overview
9.3.2 Asia-Pacific Solar Cables Market Forecasts and Analysis
9.3.3 Asia-Pacific Solar Cables Market Forecasts and Analysis - By Material
9.3.4 Asia-Pacific Solar Cables Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Solar Cables Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Solar Cables Market
9.3.5.1.1 Australia Solar Cables Market by Material
9.3.5.1.2 Australia Solar Cables Market by Application
9.3.5.2 China Solar Cables Market
9.3.5.2.1 China Solar Cables Market by Material
9.3.5.2.2 China Solar Cables Market by Application
9.3.5.3 India Solar Cables Market
9.3.5.3.1 India Solar Cables Market by Material
9.3.5.3.2 India Solar Cables Market by Application
9.3.5.4 Japan Solar Cables Market
9.3.5.4.1 Japan Solar Cables Market by Material
9.3.5.4.2 Japan Solar Cables Market by Application
9.3.5.5 South Korea Solar Cables Market
9.3.5.5.1 South Korea Solar Cables Market by Material
9.3.5.5.2 South Korea Solar Cables Market by Application
9.3.5.6 Rest of Asia-Pacific Solar Cables Market
9.3.5.6.1 Rest of Asia-Pacific Solar Cables Market by Material
9.3.5.6.2 Rest of Asia-Pacific Solar Cables Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Solar Cables Market Overview
9.4.2 Middle East and Africa Solar Cables Market Forecasts and Analysis
9.4.3 Middle East and Africa Solar Cables Market Forecasts and Analysis - By Material
9.4.4 Middle East and Africa Solar Cables Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Solar Cables Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Solar Cables Market
9.4.5.1.1 South Africa Solar Cables Market by Material
9.4.5.1.2 South Africa Solar Cables Market by Application
9.4.5.2 Saudi Arabia Solar Cables Market
9.4.5.2.1 Saudi Arabia Solar Cables Market by Material
9.4.5.2.2 Saudi Arabia Solar Cables Market by Application
9.4.5.3 U.A.E Solar Cables Market
9.4.5.3.1 U.A.E Solar Cables Market by Material
9.4.5.3.2 U.A.E Solar Cables Market by Application
9.4.5.4 Rest of Middle East and Africa Solar Cables Market
9.4.5.4.1 Rest of Middle East and Africa Solar Cables Market by Material
9.4.5.4.2 Rest of Middle East and Africa Solar Cables Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Solar Cables Market Overview
9.5.2 South and Central America Solar Cables Market Forecasts and Analysis
9.5.3 South and Central America Solar Cables Market Forecasts and Analysis - By Material
9.5.4 South and Central America Solar Cables Market Forecasts and Analysis - By Application
9.5.5 South and Central America Solar Cables Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Solar Cables Market
9.5.5.1.1 Brazil Solar Cables Market by Material
9.5.5.1.2 Brazil Solar Cables Market by Application
9.5.5.2 Argentina Solar Cables Market
9.5.5.2.1 Argentina Solar Cables Market by Material
9.5.5.2.2 Argentina Solar Cables Market by Application
9.5.5.3 Rest of South and Central America Solar Cables Market
9.5.5.3.1 Rest of South and Central America Solar Cables Market by Material
9.5.5.3.2 Rest of South and Central America Solar Cables Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. SOLAR CABLES MARKET, KEY COMPANY PROFILES
11.1. ALLIED WIRE AND CABLE, INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. AMPHENOL INDUSTRIAL PRODUCTS GROUP
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. ELDRA
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. GRUPO GENERAL CABLE SISTEMAS.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. KBE
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. LAPP GROUP
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. LUMBERG HOLDING
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. NINGBO PNTECH NEW ENERGY CO., LTD.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. PHOENIX CONTACT
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. TAIYO CABLETEC CORPORATION
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List Of Companies
- Allied Wire and Cable, Inc.
- Amphenol Industrial Products Group
- Eldra
- Grupo General Cable Sistemas.
- KBE
- Lapp Group
- Lumberg Holding
- Ningbo Pntech New Energy Co., Ltd.
- PHOENIX CONTACT
- Taiyo Cabletec Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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