市場調查報告書
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1403684
全球太陽能電纜市場規模、佔有率、行業趨勢分析報告:按類型、最終用途、材料類型、區域展望和預測,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,太陽能電纜市場規模預計將達到 21 億美元,預測期內年複合成長率為 11.7%。2022年市場規模為1.475億台(每10英尺),成長率為11.3%(2019-2022年)。
然而,原料成本的波動會對太陽能電纜生產的相關成本產生重大影響。生產太陽能電纜所使用的幾種關鍵原料會受到價格波動的影響,進而影響整體生產成本。太陽能電纜所用原料供需的頻繁變化可能會導致價格波動。全球生產波動、意外的供應鏈中斷(例如自然災害或地緣政治緊張局勢)以及產業成長導致的需求增加都會影響價格。因此,高成本和原料價格的劇烈波動阻礙太陽能電纜市場的需求。
依類型分類的展望
依類型分類,市場分為實心和線材。2022年,絞合線細分市場收益佔有率最大。絞線結構增加了彈性,使電纜更加柔韌並能抵抗彎曲應力。在太陽能安裝中,電纜必須穿過狹小的空間、繞過角落和穿過結構,絞合導體更加彈性且不易損壞。絞合導體的彈性推動這一領域的成長。
最終用途展望
根據最終用途,市場分為住宅、商業和工業。到2022年,住宅領域在太陽能電纜市場中將佔據重要的收益佔有率。住宅可以透過安裝太陽能電池板來發電,減少對電網的依賴和電費。發展電力可以減少住宅對傳統能源網路的依賴,提供一定程度的能源獨立性和安全性,特別是在停電期間。因此,住宅擴大使用太陽能電池板日益增加對該領域的需求。
材料類型展望
依材料類型,市場分為銅、鋁等。2022年,銅業在市場上佔據最高的收益佔有率。銅是一種高導電金屬,允許電流以最小的電阻流過。這項特性對於太陽能電纜非常重要,因為它可以最大限度地減少傳輸太陽能板產生的電力時的功率損耗。因此,銅的高品質導電性能推動該領域的成長。
區域展望
依地區分類,分析了北美、歐洲、亞太地區以及拉丁美洲、中東和非洲(LAMEA)。2022年,北美地區佔據該市場的主要收益佔有率。在美國和加拿大,各種聯邦、州和地方政府措施促進再生能源(包括太陽能)的部署。稅收優惠、回扣、補貼和再生能源法規鼓勵對太陽能設備的投資並推動對太陽能電纜的需求。
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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