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DC Solar Cable Market Share
Prysmian Group and Belden Inc. hold a leading position in the DC solar cable industry, leveraging a range of strategic and operational strengths. These companies offer a comprehensive portfolio of power and DC solar cables, spanning low, medium, and high-voltage categories, along with specialized solutions for industrial applications, renewable energy projects, and infrastructure developments. Renowned for their substantial investments in research and development, Prysmian and Belden continue to drive innovation and maintain their competitive edge in the market.
DC Solar Cable Market Companies
Major players operating in the DC solar cables industry are:
- Alpha Wire
- Allied Wire and Cable
- Belden
- Fujikura
- Furukawa Electric
- General Cable
- Havells
- Helukabel
- Hellenic Group
- Kabelwerk Eupen
- KEI Industries
- Lapp Group
- Leoni
- LS Cable and System
- Nexans
- Northwire
- Polycab
- Prysmian Group
- RR Kabel
- Southwire Company
- TE Connectivity
What is the market share of copper conductors in the DC solar cable industry?
The copper segment is expected to surpass USD 4 billion by 2034, driven by its superior electrical conductivity, thermal stability, and durability, making it ideal for photovoltaic (PV) systems.
How big is the DC solar cable market?
The global market size for DC solar cable was valued at USD 1.9 billion in 2024 and is projected to reach USD 4.4 billion by 2034, driven by a CAGR of 8.5% during the forecast period, fueled by the global shift toward renewable energy and increasing solar power investments.
How much is the U.S. DC solar cable market worth?
The U.S. market is projected to exceed USD 410 million by 2034, driven by federal and state-level incentives, including tax credits under the ITC program, and the government's commitment to carbon neutrality.
Who are the major players in the DC solar cable industry?
Key players in the industry include Alpha Wire, Allied Wire and Cable, Belden, Fujikura, Furukawa Electric, General Cable, Havells, Helukabel, Hellenic Group, Kabelwerk Eupen, KEI Industries, Lapp Group, Leoni, LS Cable and System, Nexans, Northwire, Polycab, Prysmian Group, RR Kabel, Southwire Company, and TE Connectivity.