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Reportbuyer, an international market research institution, recently released a solar cable research report that by 2025, the global solar cable market revenue will achieve a breakthrough, which is expected to reach $1,641.
92 million
.
It is expected to grow at a compound annual growth rate of 14.
1%
during the period 2017-2025.
According to the report, the increasing demand for solar energy, a renewable energy source, is the main reason for the
rapid development of this market.
At present, countries around the world, especially developed and developing economies, continue to promote the development of renewable energy industries such as solar energy and wind energy, which provides great opportunities
for the vigorous development of the solar cable market.
According to the type of cable material, the report will be divided into copper cable and aluminum alloy cable, the report predicts that copper cable will continue to dominate the global solar cable market
by 2025.
At the same time, with the improvement of technology, the market for aluminum alloy cables is also expanding
.
From the perspective of application market, residential, commercial and industrial are the three most important application markets
for solar cables.
Industrial is expected to be the number one application market
during the forecast period.
However, with the rapid development of rooftop solar energy, such as India and Australia, residential and commercial solar cables will usher in a higher growth rate
.
Regionally, the report will include the key markets
of Asia Pacific, North America, Europe, South America, and the Middle East and North Africa.
Among them, the North American market is segmented into the United States, Canada, and other regions, and the United States will be subdivided into the largest solar cable market
in North America.
Europe is subdivided into the United Kingdom, Germany, France, and the rest of
Europe.
The Asia-Pacific region is subdivided into China, Japan, India, and the rest of the
Asia-Pacific region.
China will become the largest solar cable application market
in the region.
The Asia-Pacific region will become the world's largest regional market and dominate the development of
the world solar market.
From the perspective of enterprises, Prysmian of Italy, Nexans of France, General Cable of the United States (acquired by Prysmian), Haoxun Cable of Switzerland, Atkore International of the United States, Zhejiang ReneSola Energy of China, Taiyo Cable of Japan, and Lapp Cable of Germany will become the main suppliers of solar
cables.
Reportbuyer, an international market research institution, recently released a solar cable research report that by 2025, the global solar cable market revenue will achieve a breakthrough, which is expected to reach $1,641.
92 million
.
It is expected to grow at a compound annual growth rate of 14.
1%
during the period 2017-2025.
According to the report, the increasing demand for solar energy, a renewable energy source, is the main reason for the
rapid development of this market.
At present, countries around the world, especially developed and developing economies, continue to promote the development of renewable energy industries such as solar energy and wind energy, which provides great opportunities
for the vigorous development of the solar cable market.
According to the type of cable material, the report will be divided into copper cable and aluminum alloy cable, the report predicts that copper cable will continue to dominate the global solar cable market
by 2025.
At the same time, with the improvement of technology, the market for aluminum alloy cables is also expanding
.
From the perspective of application market, residential, commercial and industrial are the three most important application markets
for solar cables.
Industrial is expected to be the number one application market
during the forecast period.
However, with the rapid development of rooftop solar energy, such as India and Australia, residential and commercial solar cables will usher in a higher growth rate
.
Regionally, the report will include the key markets
of Asia Pacific, North America, Europe, South America, and the Middle East and North Africa.
Among them, the North American market is segmented into the United States, Canada, and other regions, and the United States will be subdivided into the largest solar cable market
in North America.
Europe is subdivided into the United Kingdom, Germany, France, and the rest of
Europe.
The Asia-Pacific region is subdivided into China, Japan, India, and the rest of the
Asia-Pacific region.
China will become the largest solar cable application market
in the region.
The Asia-Pacific region will become the world's largest regional market and dominate the development of
the world solar market.
From the perspective of enterprises, Prysmian of Italy, Nexans of France, General Cable of the United States (acquired by Prysmian), Haoxun Cable of Switzerland, Atkore International of the United States, Zhejiang ReneSola Energy of China, Taiyo Cable of Japan, and Lapp Cable of Germany will become the main suppliers of solar
cables.
