Solar Cable Systems Market size to Reach USD 1.55 Bn during 2022-2026|Featuring Amphenol Corp., Belden Inc., and Havells India Ltd. as Key Players| Technavio – QNT Press Release

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NEW YORK, June 6, 2022 /PRNewswire/ — The Solar Cable Systems Market size is expected to grow by USD 1.55 billion and register a CAGR of 11.8% during the forecasted period, according to a new research report by Technavio.

The solar cable systems market has been broadly categorized into the following demographic segmentations:

  • End-user – Utility and non-utility
  • Geography – APAC, Europe, North America, Middle East and Africaand South America

Make confident decisions using our benchmarks and analysis. Download Sample Report.

Solar cable systems market: Increasing demand for electricity

Rapid economic development coupled with urbanization and various energy access programs are the major factors driving the demand for electricity. There are many rural and remote areas where there is no access to electricity yet. The high demand for electricity requires a higher level of power generation, which can be fulfilled through renewable sources of energy such as solar energy and solar power.

Rising awareness about environmental sustainability and favorable government incentives have encouraged countries to deploy renewable energy sources including the solar energy. Thus, the increasing demand for electricity will drive the market for renewable solar power and energy, which, in turn, will propel the global solar cable systems market during the forecast period.

“The supportive government policies, as well as regulations pertaining to solar installations and increased adoption of microgrids, will further boost market growth during the forecast period”, says a senior analyst at Technavio.

Key Questions Answered in the Report:

  • Which are the leading segments in the solar cable systems market?
  • What are the major challenges inhibiting the growth of the solar cable systems market?
  • What are the key trends and opportunities pertaining to the solar cable systems market?
  • Who are the major vendors, and what are their key offerings in the solar cable systems market?

Find more details on the solar cable systems market: Download Sample Report!

Solar Cable Systems Market 2022-2026: Segmentation

  • End-user
    • Utility
    • Non-utility
  • Geography
    • APAC
    • Europe
    • North America
    • Middle East And Africa
    • South America

Learn more about the additional trends impacting the future of the market and the positive and negative consequences on the businesses., Download the Sample.

Leading Solar Cable Systems Market Participants

  • Amphenol Corp.- Amphenol Corp. offers PowerLink Solar Cable which is used across various industries.
  • Belden Inc. – Belden Inc. offers UL Type PV Solar Cables which is rated for 90 degrees Celsius wet or dry, 600V for interconnection wiring of grounded and ungrounded photovoltaic power systems.
  • Havells India Ltd.- Havells India Ltd. offers solar cables that are safe, efficient, and eco-friendly.

Get more insights about the global trends impacting the future of the solar cable systems market, Get our Latest Sample.

Related Report on Utilities Include:

Renewable Distributed Energy Generation (RDEG) Technologies Market – The renewable distributed energy generation (RDEG) technologies market share is estimated to increase to USD 146.56 billion from 2021 to 2026 at an accelerating CAGR of 11.14%. To get extensive research insights: Download Sample Report

Solar Array Disconnect Switches Market – Based on Technavio’s market sizing methodology, the solar array disconnect switches market size is predicted to surge to USD 3.16 billion from 2021 to 2026 at a CAGR of 16.55%. To get extensive research insights: Download Sample Report

Solar Cable Systems Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 11.8%

Market growth 2022-2026

$1.55 billion

Market structure

Fragmented

YoY growth (%)

14.93

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 54%

Key consumer countries

US, China, India, Japan, and Germany

Competitive landscape

Leading…

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