Home > Energy & Power > Wire and Cable > Power Cable > Solar Cable Market

Solar Cable Market Size

  • Report ID: GMI8142
  • Published Date: Feb 2024
  • Report Format: PDF

Solar Cable Market Size

Solar Cable Market was valued at USD 2.15 billion in 2023 and is anticipated to register a CAGR of over 9% between 2024 and 2032, driven by the increasing adoption of solar energy worldwide. Along with growing emphasis on renewable energy sources, government incentives, and environmental concerns. Technological advancements in solar cable design enhance efficiency and durability, while rising installations of solar photovoltaic systems contribute to market expansion.


The global push towards renewable energy, driven by concerns about climate change and the need to reduce carbon emissions, has led to a surge in solar installations. International Renewable Energy Agency (IREA) reports that the cumulative solar energy capacity increased by over 110 GW from 2021 to 2022. In 2021, the total installed capacity was approximately 485 GW, while in 2022, it reached 597 GW, with China and India being key contributors to the increased capacity.

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The market valuation of solar cable was reached USD 2.15 billion in 2023 and is estimated to grow at a CAGR of over 9% through 2032, driven by the increasing adoption of solar energy worldwide.

The PW wire segment held the market share of more than 34.1% in 2023 due to its versatility and compatibility with a wide range of applications.

Asia Pacific solar cable market is anticipated to reach more than USD 2.62 billion by 2032, favored by government initiatives and a growing awareness of environmental sustainability.

ABB, Allied Wire & Cable, Alpha Wire, Belden Inc., Fujikura Ltd., Furukawa Electric Co. Ltd., General Cable, Havells, Hellenic Group, Helukabel, Kabelwerk Eupen AG., KEI Industries, Lapp Group, Leoni AG and LS Cable and System among others

Solar Cable Market Scope

Buy Now

Premium Report Details

  • Base Year: 2023
  • Companies covered: 23
  • Tables & Figures: 640
  • Countries covered: 22
  • Pages: 300
 Download Free Sample