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Asia Pacific Solar Cable Market Size

  • Report ID: GMI8706
  • Published Date: Mar 2024
  • Report Format: PDF

Asia Pacific Solar Cable Market Size

Asia Pacific Solar Cable Market was valued at USD 1.3 billion in 2023 and is estimated to grow at a CAGR of over 8.3% from 2024 to 2032.

 

Increasing awareness of environmental sustainability, government incentives, along with surge in solar installations will drive the demand for solar cables. Rising adoption of solar energy and shifting focus toward environmental consciousness amongst both industries and consumers will drive the transition towards clean energy solutions. For instance, according to the IEA, the global solar photovoltaics (PV) installed capacity increased by more than 22% between 2021 and 2022. In addition, it will support towards a greener and more sustainable energy framework across the region.

 

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

Asia Pacific market for solar cable was reached USD 1.3 billion in 2023 and is estimated to grow at a CAGR of 8.3% through 2032, driven by increasing awareness of environmental sustainability, government incentives, along with surge in solar installations.

Asia Pacific PW wire solar cable market is anticipated to exceed USD 900 million by 2032, owing to the inherent characteristics of PW wire, comprising enhanced durability, weather resistance, and superior performance in photovoltaic systems.

The China solar cable market is projected to surpass USD 800 million by 2032, on account of increasing demand for clean energy solutions, notably solar power.

ABB, Allied Wire & Cable, Alpha Wire, Belden Inc., Casmo Cable, CommScope, General Cable, Havells, Helukabel and KEI Industries.

Asia Pacific Solar Cable Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 19
  • Tables & Figures: 133
  • Countries covered: 5
  • Pages: 350
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