Global Solar Cable Market Set to Showcase Growth Signs with 14.1% CAGR during 2017 - 2025


Published on : Mar 01, 2018

Albany, New York, March 1, 2018: In the present time, it has been a decision by several developed and developing economies to harness the predictions of renewable energy that includes hydro, wind, and solar substitutes. Among these, solar energy is developing as the most rewarding segment to motivate the renewable energy industry. Subsequently, solar cables market is booming, as they offer satisfactory connection between different electrical elements of a solar panel present in a photovoltaic system. Market Research Hub (MRH) has included a fresh study to its database that focuses on the market scenario for solar cables. This research report is titled “Solar Cable Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025”, which talks about the revenue (in US$ Mn), across different geographies, such as North America, Europe, Asia-Pacific, South America and Middle East & Africa (MEA).

According to research analytics, the demand in the global solar cable market is anticipated to rise at a CAGR of 14.1% during the forecast period (2017-2025). Based on the data gathered by analysts, the solar cable market which was valued at just US$465.71 mn in 2015 is likely to acquire a revenue mark of US$1,641.92 mn by the end of 2025.

 This research report starts with the key research objectives and research highlights. Further, readers can acquire data about the executive summary that targets deep analysis about the market size. The market overview section discusses the market dynamics and market trends in specific. Factors such as drivers, restraints, and opportunities are precisely assessed in the report. Later on, attractiveness analysis is also examined for every geographic region, with a motive to provide a detailed analysis of the complete competitive scenario in the solar cable market.

The following section details about the report segments from the global solar cable market based on various product type including Copper and Aluminum Alloy. Moreover, the market is bifurcated on the basis of cable type as solid and stranded wires. Further, on the basis of application, the primary segments include solar panels wiring, service terminal connections and underground service entrances. Based on its uses, the market is segmented as residential, industrial and commercial segment. The final section of the report drops light on the prime players operating in the global solar cable market. General Cable Corporation, Atkore International Group, Inc., Huber+Suhner AG, Lumberg Connect GmbH, ReneSola Ltd, Ram Ratna Wires Ltd., Prysmian Group, 15.3.9. Allied Wire & Cable, Taiyo Cable Tech Co., Ltd., and Lapp Group, are some of the players which have been enclosed in this smart research study.

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