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Asia Pacific Solar Cable Market Share
Prysmian Group and Belden Inc. have established a strong presence in the Asia pacific solar cable industry, leveraging a range of strategic and operational advantages. These companies offer a comprehensive portfolio of power and solar cables, covering low, medium, and high-voltage solutions, along with specialized cables for industrial, renewable energy, and infrastructure applications. Both Prysmian and Belden are renowned for their substantial investments in research and development.
Asia Pacific Solar Cable Market Companies
Major players operating in the solar cables industry are:
- Belden
- Fujikura
- Furukawa Electric
- General Cable
- Havells
- Helukabel
- Hellenic Group
- Kabelwerk Eupen
- KEI Industries
- Lapp Group
- LS Cable and System
- Nexans
- Polycab
- Prysmian Group
- RR Kabel
How big is the Asia Pacific solar cable market?
The Asia Pacific market for solar cable was reached USD 1.4 billion in 2024 and is projected to grow at a 7.6% CAGR from 2025 to 2034, driven by the expansion of the solar energy sector in countries like China, India, Japan, and Australia.
What is the size of the industrial segment in the Asia Pacific solar cable market?
The industrial segment is projected to grow at a CAGR of over 7.6% through 2034, as large-scale industrial solar installations require high-performance cables for efficient power transmission.
Why is the demand for THHN wire increasing?
The THHN wire segment is expected to surpass USD 1.1 billion by 2034, due to technological advancements, including UV and temperature resistance, which enhance the efficiency and lifespan of solar power systems.
Who are the major players in the Asia Pacific solar cable market?
Key players in the market include Belden, Fujikura, Furukawa Electric, General Cable, Havells, Helukabel, Hellenic Group, Kabelwerk Eupen, KEI Industries, Lapp Group, LS Cable and System, Nexans, Polycab, Prysmian Group, and RR Kabel.
What trends are influencing the China solar cable market growth?
The China solar cable market is expected to exceed USD 987 million by 2034, led by the countrys leadership in solar energy production and its commitment to carbon neutrality by 2060.