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全球太阳能电缆市场规模、份额、行业趋势分析报告:按类型、最终用途、材料类型、区域展望和预测,2023-2030Global Solar Cables Market Size, Share & Industry Trends Analysis Report By Type (Stranded, and Solid), By End-Use (Commercial, Residential, and Industrial), By Material Type (Copper, Aluminum, Others), By Regional Outlook and Forecast, 2023 - 2030 |
到 2030 年,太阳能电缆市场规模预计将达到 21 亿美元,预测期内复合年增长率为 11.7%。 2022年市场规模为1.475亿台(每10英尺),成长率为11.3%(2019-2022年)。
然而,原材料成本的波动会对太阳能电缆生产的相关成本产生重大影响。生产太阳能电缆所使用的几种关键原料会受到价格波动的影响,进而影响整体生产成本。太阳能电缆所用原材料供需的频繁变化可能会导致价格波动。全球生产波动、意外的供应链中断(例如自然灾害或地缘政治紧张局势)以及产业成长导致的需求增加都会影响价格。因此,高成本和原材料价格的剧烈波动正在阻碍太阳能电缆市场的需求。
按类型分類的展望
按类型划分,市场分为实心和线材。 2022 年,绞合线细分市场收益占有率最大。绞线结构增加了弹性,使电缆更加柔韧并能抵抗弯曲应力。在太阳能安装中,电缆必须穿过狭小的空间、绕过角落和穿过结构,绞合导体更加弹性且不易损坏。绞合导体的弹性正在推动这一领域的成长。
最终用途展望
根据最终用途,市场分为住宅、商业和工业。到 2022 年,住宅领域在太阳能电缆市场中将占据重要的收益占有率。住宅可以透过安装太阳能电池板来发电,从而减少对电网的依赖和电费。发展电力可以减少住宅对传统能源网路的依赖,提供一定程度的能源独立性和安全性,特别是在停电期间。因此,住宅越来越多地使用太阳能电池板正在增加对该领域的需求。
材料类型展望
依材料类型,市场分为铜、铝等。 2022年,铜业在市场上占据最高的收益占有率。铜是一种高导电金属,允许电流以最小的电阻流过。这项特性对于太阳能电缆非常重要,因为它可以最大限度地减少传输太阳能板产生的电力时的功率损耗。因此,铜的高品质导电性能正在推动该领域的成长。
区域展望
按地区划分,我们分析了北美、欧洲、亚太地区以及拉丁美洲、中东和非洲 (LAMEA)。 2022年,北美地区占据该市场的主要收益占有率。在美国和加拿大,各种联邦、州和地方政府措施正在促进可再生能源(包括太阳能)的部署。税收优惠、回扣、补贴和可再生能源法规正在鼓励对太阳能设备的投资并推动对太阳能电缆的需求。
The Global Solar Cables Market size is expected to reach $2.1 billion by 2030, rising at a market growth of 11.7% CAGR during the forecast period. In the year 2022, the market attained a volume of 147.5 million Units (Per 10 Feet) experiencing a growth of 11.3% (2019-2022).
Commercial buildings, factories, and warehouses are installing solar panels to cut operational costs and demonstrate corporate social responsibility by utilizing clean energy sources. Therefore, Commercial segment generated $418.9 million revenue in the market in 2022. Solar power offers individuals and businesses energy independence by generating electricity on-site. This resilience becomes particularly attractive during power outages or disruptions in traditional energy supplies, driving the installation of solar panels, which converts into the rising demand for solar cables. Therefore, the rising demand for solar energy and increasing installations of solar panels are increasing the demand in the market. Some of the factors impacting the market are increasing environmental awareness and sustainability, government incentives and policies and high cost and fluctuation in the prices of raw materials.
As environmental and climate change concerns become more widely known, governments, companies, and people are motivated to adopt more sustainable and environmentally friendly solar power and other forms of renewable energy. This trend fuels the demand for solar cables as a part of the renewable energy infrastructure. An increasing recognition of the imperative to mitigate carbon footprints and environmental concerns has precipitated a substantial transition towards renewable energy sources, such as solar power. Additionally, according to the International Trade Administration (ITA), ACWA Power is central to Saudi Arabia's Vision 2030 initiative to eradicate oil from its power generation framework. Saudi Arabia intends to generate fifty percent of its electricity from renewable sources and fifty percent from gas by 2030. Under this framework, ACWA Power's inaugural undertaking will be a solar facility in Sudair, north of Riyadh. At 1,500 megawatts of installed capacity, it will surpass all single-contracted solar PV plants globally. Thus, increasing environmental awareness is swiftly increasing the demand for solar cables in the market and consequently, such governmental initiatives support expanding the market.
However, Cost fluctuations for raw materials can have a substantial effect on the expenses associated with the production of solar cables. Several vital raw materials used in the manufacturing of solar cables are subject to price fluctuations, affecting the overall cost of production. Frequent changes in the supply and demand for raw materials used in solar cables can lead to price fluctuations. Variations in global production levels, unexpected supply chain disruptions (e.g., natural disasters, geopolitical tensions), or increased demand due to industry growth can impact prices. Consequently, raw material prices' high cost and extreme volatility hinder the market demand for solar cables.
Type Outlook
On the basis of type, the market is segmented into solid and stranded. The stranded segment recorded the largest revenue share in the market in 2022. Stranded construction enhances flexibility, making the cable more pliable and resistant to bending stress. Stranded conductors exhibit greater flexibility and reduced susceptibility to fracture in solar installations, which may require cables to traverse confined areas, circumvent corners, or traverse structures. The flexibility of stranded conductors is driving the growth of the segment.
End-Use Outlook
Based on end-use, the market is divided into residential, commercial, and industrial. The residential segment witnessed a considerable revenue share in the solar cable market in 2022. Homeowners can generate electricity by installing solar panels, thereby decreasing their reliance on the power grid and electricity costs. By developing their electricity, homeowners become less reliant on the traditional energy grid, providing a degree of energy independence and security, especially during power outages. Therefore, the increasing use of solar panels in residential areas is growing the demand in the segment.
Material Type Outlook
Based on material type, the market is divided into copper, aluminum, and others. In 2022, the copper segment garnered the highest revenue share in the market. Copper is a highly conductive metal, allowing electricity to flow with minimal resistance. This property is crucial for solar cables as it helps minimize power losses during the transmission of electricity generated by solar panels. Therefore, copper's high-quality conduction property is propelling the segment's growth.
Regional Outlook
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the North America region generated a substantial revenue share in the market. Various federal, state, and local government initiatives in the United States and Canada promote renewable energy adoption, including solar power. Tax incentives, rebates, grants, and renewable energy mandates encourage investments in solar installations, thereby boosting the demand for solar cables.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Leoni AG, Nexans S.A., Prysmian Group, Belden, Inc., KEI Industries Limited, Havells India Ltd., Amphenol Corporation (Amphenol Industrial Products Group), Jainflex Cables Pvt. Ltd., HELUKABEL GmbH, and Top Cable S.A.
Strategies Deployed in Solar Cables Market
Jul-2023: Nexans S.A. expanded its business in the offshore wind and interconnection market, by adding a third cable laying vessel to its fleet. This expansion aimed to achieve the increasing demand for electrification, especially in the American and European markets.
Apr-2023: Nexans S.A. acquired Reka Cables, a premium high, medium, and low voltage cables manufacturer in Finland. This acquisition aimed to make Nexans'a pure electrification player committed to contribute to carbon neutrality by 2030, focusing on the overall value chain.
Apr-2022: Nexans S.A. took over Centelsa, a premium cable manufacturer in Latin America specializing in building and utility applications. Through this acquisition, Nexans would become a Pure Electrification Player aiming on the overall value chain originating in generation, and flowing through transmission, distribution, and usage of sustainable energy.
Mar-2021: HELUKABEL GmbH launched Helukabel THERMFLEX 145 Series Cables, connection cable for thermal class B (130°C) electrical equipment like motors, transformers, relays, coils etc. The launched product would be utilized as a generator connection cable in wind power plants and wherever a high current carrying capacity is required and a decreased outer diameter is beneficial due to limited installation space.
Nov-2019: Nexans extended its partnership with Vestas, the industry's global partner on sustainable energy solutions. Under this expansion, Windlink medium voltage (MV) and low voltage (LV) cable kits were implemented inside Vestas onshore wind turbines in Europe, the US, and China.
Oct-2019: Belden extended its 10-year partnership agreement with Omni Cable Corporation, a PA-based distributor of wire and cable, electrical products, and value-added services. Under this expansion, the companies are working together to share their values. Earlier, Belden has positively impacted Omni's growth and product offering and Omni Cable offered a reliable, consistent source of Belden products to customers.
May-2019: LEONI expanded its geographical footprints with the inauguration of its building at its facility in Kitchener, Canada. The expansion aimed to support the manufacturing of specialty cable and interconnect systems for non-automotive industries and the release of new intONE product line.
Market Segments covered in the Report:
By Type (Volume, Million Units (Per 10 Feet), USD Billion, 2019-2030)
By End-Use (Volume, Million Units (Per 10 Feet), USD Billion, 2019-2030)
By Material Type (Volume, Million Units (Per 10 Feet), USD Billion, 2019-2030)
By Geography (Volume, Million Units (Per 10 Feet), USD Billion, 2019-2030)
Companies Profiled
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