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DC Solar Cable Market Size
- Report ID: GMI8305
- Published Date: Feb 2024
- Report Format: PDF
DC Solar Cable Market Size
DC Solar Cable Market was valued at USD 2.7 billion in 2023 and is estimated to grow at over 8.6% CAGR between 2024 and 2032, due to the increasing adoption of solar energy worldwide. With a rising emphasis on sustainable and clean energy sources, solar power installations have surged, creating a demand for efficient transmission infrastructure. DC solar cables play a crucial role in connecting solar panels to inverters, ensuring the seamless flow of direct current.
The market growth is further propelled by technological advancements, improving cable efficiency and durability, and rising solar installations worldwide. Notably, China and India emerged as key contributors to this growth, holding substantial shares in the total installed capacity. Moreover, government incentives, favourable policies, and the growing awareness of environmental issues are also contributing factors, fostering the market expansion.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| DC Solar Cable Market Size in 2023: | USD 2.7 billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 8.6% |
| 2032 Value Projection: | USD 5.6 billion |
| Historical Data for: | 2018 - 2023 |
| No. of Pages: | 466 |
| Tables, Charts & Figures: | 280 |
| Segments covered: | Conductor, Application |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
DC Solar Cable Market Scope
