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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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Solar Cable Market Size in 2023: | USD 2.15 Billion |
| Forecast Period: | 2024 – 2032 |
| Forecast Period 2024 – 2032 CAGR: | 9% |
| 2024 – 2032 Value Projection: | USD 4.64 Billion |
| Historical Data for: | 2019 – 2023 |
| No. of Pages: | 300 |
| Tables, Charts & Figures: | 640 |
| Segments covered: | Type, End Use, Current & Region |
| Growth Drivers: |
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Solar Cable Market Scope
