Global Solar Cables Market Assessment, By Cable Type [AC Cable, DC Cable], By Material [Copper, Aluminium], By Construction [Solid Core, Stranded Core], By End-user [Utility, Industrial and Commercial, Residential], By Region, Opportunities and Forecast, 2018-2032F

Global solar cables market is projected to witness a CAGR of 9.86% during the forecast period 2025-2032, growing from USD 1.21 billion in 2024 to USD 2.57 billion in 2032. The solar cables market has experienced significant growth in recent years due to several efforts towards reducing carbon emissions and achieving energy security driving the demand for solar energy thus contributing to the rising demand for solar cable.

Report Attribute	Details
Base Year of the Analysis	2024
Forecast Period	2025-2032F
Historical Period	2018-2023
Projected Growth Rate	CAGR of 9.86% between 2025 and 2032
Revenue Forecast in 2032	USD 2.57 billion

Solar energy is one of the most accessible and scalable renewable energy sources at the forefront of transition, thus driving the market's demand for solar energy generation components such as solar cables. Solar cables are becoming a critical component in photovoltaic (PV) systems, and play a vital role in connecting solar panels, inverters, and PV system components to ensure efficient power transmission. As solar installations expand across residential, commercial, industrial, and utility-scale projects, it drives the need for reliable, durable, and high-performance solar cables thus contributing to rising demand for solar cables in the market. Moreover, countries are looking to invest in the production of the solar generation and transmission of generated electricity to fulfil the rising requirements in the global market.

For instance, in May 2024, the U.S. Department of Energy (DOE) decided to invest around USD 71 million to advance the production of solar manufacturing parts in the country. This development highlights that the government is taking the initiative to increase the production of the solar power generation component which will help to drive the demand for solar cables in the market.

The various factors driving the demand for solar cables are due to promotion of the use of solar energy in nations, reducing the cost of solar panels and other technologies that are brought solar power within reach and budget. In addition, emerging economies emphasize energy independence and sustainability which is compelling businesses and homeowners to spend money on solar installations, most notably rooftop systems which are spurring the demand for specialized solar cables in the market. Besides, the expansion of large solar farms and off-grid solar initiatives in remote communities has further improved the demand for durable solar cables in the market.

Rising Investment in Expanding the Transmission and Distribution Infrastructure

The investment in the expansion of the transmission and distribution (T&D) infrastructure for solar power is driving the demand for solar cables in the market strongly. The regional governments and large utility firms are focusing more on renewable energy and investing heavily to upgrade the T&D networks. Globally, the expansion of distribution networks facilitates solar power increasing the demand for solar cables in the market.

In January 2025, the United States Energy Information Administration predicted a 31% increase in solar generation in 2025. To support significant growth, the Department of Energy (DOE) has awarded USD 1.5 billion of projects that will add 7.1 GW of capacity and nearly 1,000 miles of power lines across several states. The U.S. transmission system is expected to double in size between 2020 and 2050, with interregional transmission growing by 1.9 to 3.5 times which is driving the demand for solar cables in the market.

Solar cables are engineered to meet the special needs of photovoltaic (PV) systems, and cables are essential in the transmission and distribution (T&D) of solar energy. Solar cables connect solar panels to inverters, combiner boxes, and the larger electrical grid thereby contributing to the solar cables market growth in the forecast period. The development of solar cable infrastructure is necessary to enable the effective transmission of electricity produced by solar panels from distant solar farms to cities and industries which stimulate its demand in the marketplace.

Further, the incorporation of sophisticated technologies such as smart grids and energy storage systems into solar T&D networks drives the demand for high-quality special solar cables facilitating bidirectional power flow as well as data communication. Additionally, regulatory policies and global standards are encouraging the deployment of safer and more efficient solar cables, hence further strengthening the demand for high-quality solar cables in the market.

Adoption of Rooftop Solar PV Installation in Commercial and Industrial Sector

The rooftop solar PV installation technology improves operational efficiency, lowers energy costs, and assists the industrial sector in meeting sustainability targets. Commercial sectors are looking to produce in-house electricity which has led to a rise in investment in rooftop solar installation. The rooftop solar PV installation is one of the safe and cost-effective solutions to reduce the dependence on the power grid for energy supply. Adopting rooftop solar PV installations in the commercial and industrial (C&I) sectors is creating significant market opportunities for solar cables. Solar cables are dependable, efficient, and sustainable energy solutions for rooftop PV installations thus driving its demand in the market.

Rooftop installations are exposed to direct sunlight and varying weather conditions which require cables which are able to be UV-resistant, weatherproof, and capable of operating efficiently in high-temperature environments which drives the demand for solar cables in the market. Rooftop solar PV installation assists in stabilizing the power flow in industrial during outages. Additionally, the need for long-lasting and low-maintenance solutions in commercial and industrial settings further emphasizes the importance of robust solar cables thus creating the market opportunity for solar cables.

Additionally, industrial, and commercial industries are facing pressure from government regulatory agencies and investors to implement sustainable practices for power usage. The industrial and commercial industries are eagerly awaiting a transition to renewable energy, which will further fuel the growth of solar cables in future years.

For instance, as of April 2025, the Ministry of New and Renewable Energy of India reported that the cumulative solar power capacity reached 107.76 GW. This includes 17.69 GW from grid-connected solar rooftops, 4.98 GW from off-grid solar, 82.39 GW from ground-mounted solar plants, and 2.89 GW from hybrid projects featuring solar components. This development highlights that with the rising adoption of rooftop solar technology drive the demand for solar cables in the market.

DC Solar Cable to Dominate the Global Market

DC current solar cables are highly demanded in the global solar cables market. DC solar cables are particularly significant for powering and connecting vital devices of photovoltaic (PV) systems, including charge controllers, inverters, and solar panels. Since solar panels yield DC power which makes DC cables a critical conductor in the first step of energy distribution within PV systems. DC solar cables are used to withstand the high voltages and currents produced by solar panels which make cables necessary for effective transmission of power. DC solar cables are usually utilized in solar farms and rooftop systems as long-distance transmission of DC which is necessary before the current is converted to AC thereby fueling its demand in the market. DC solar cables are made to support extreme environmental conditions, including exposure to UV, high and low temperatures, and moisture that increases its demand in the international market. Besides, increasing off-grid solar systems and hybrid solar installations, which use a lot of DC which has further augmented the demand for DC solar cables in the market.

Asia-Pacific Leads the Solar Cables Market

Asia-Pacific has dominated the solar cables market and is expected to continue during the forecast period. The region includes developing countries such as China, India and Japan which make the region to dominate in the global market. Countries are looking to invest in renewable energy production technologies which help to reduce greenhouse gas emissions in the region. In addition, the government is also pushing the industry sector for the adoption of advanced solar energy generation and transmission technology which boosts the demand for solar cables market size in the Asia-Pacific region. Several financial institutions are providing financial support to the industrial sector for the installation of solar cable technology to attain sustainability goals. In recent year, India solar sector has experienced the robust growth due to high adoption rate of renewable energy mix.

Further, regional countries are placing emphasis on formulating high targets pertaining to decarbonization and sustainability objectives that increase the need for solar cables in the Asia-Pacific region. For instance, India’s aims to achieve 280 GW of solar energy out of 500 GW of renewable capacity by 2030, will further grow the market for solar cables in the region. Also, the development of off-grid solar projects in rural regions and the expansion of smart cities also increase the demand for solar cables. Furthermore, with the rise in interest for solar farms in Southeast Asian countries will create the opportunity for solar cables market during the forecast period.

Download Free Sample Report

Future Market Scenario (2025 – 2032F)

• Massive investments in solar infrastructure projects across the region are driving the demand for solar cables in coming years.
• Governments are focusing on modernizing existing power infrastructure and the constructing new solar power plants fostering the demand for solar cables in the forecast period.
• The adoption of smart technologies and the Internet of Things (IoT) is transforming solar transmission driving the demand for high-quality solar cables in the market.
• The residential sector heavily investing in rooftop solar installation technologies which drives the demand for solar cables in the market.

Report Scope

“Global Solar Cables Market Assessment, Opportunities and Forecast, 2018-2032F”, is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative and quantitative assessment of the current state of the global solar cables market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, opportunities, and forecasts between 2025 and 2032. Additionally, the report profiles the leading players in the industry, mentioning their respective market share, business models, competitive intelligence, etc.

Report Attribute	Details
Segment Covered	Cable Type, Material, Construction, End-user
Regions Covered	North America, Europe, South America, Asia-Pacific, Middle East and Africa
Key Companies Profiled	Prysmian S.p.A., Nexans SA, Lapp Holding SE, Shenzhen JZD Wire And Cable Co., Ltd, Service Wire Co., Top Cable S.A., KBE Elektrotechnik GmbH, TT Kabeli d.o.o., Ruitian Cable Co., Ltd., HELUKABEL GmbH
Customization Scope	15% free report customization with purchase
Pricing and Purchase Options	Avail the customized purchase options to fulfill your precise research needs
Delivery Format	PDF and Excel through email (subject to the license purchased)

In the report, global solar cables market has been segmented into the following categories: 

• By Cable Type
  • AC Cable
  • DC Cable
• By Material
  • Copper
  • Aluminium
• By Construction
  • Solid Core
  • Stranded Core
• By End-user
  • Utility
  • Industrial and Commercial
  • Residential
• By Region
  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East and Africa

Key Players Landscape and Outlook

Players in the solar cables market are adopting several competitive measures to gain market share. Companies developing high-performance, durable, and cost-effective solar cables which could meet international standards. Expanding product portfolios to include specialized cables for diverse applications, such as rooftop solar, utility-scale projects, and off-grid systems, helps cater to a broader customer base. Strategic partnerships and collaborations with solar panel manufacturers, installers, and Engineering, Procurement and Construction (EPC) contractors enable companies to strengthen their supply chains and enhance market reach. Product launches, agreements, business expansions, collaborations, and developing technologies are projected to increase competition in the fast-paced market.

For instance, in June 2024, Nexans SA is launched a new range of power cables for EPCs and solar panel installers designed to connect solar panels to inverters. The new rage of solar cable ENERGYFLEX are based on technical specifications recognised to be the most advanced on the market.

Key Players Operating in Global Solar Cables Market are:

• Prysmian p.A.
• Nexans SA
• Lapp Holding SE
• Shenzhen JZD Wire And Cable Co., Ltd
• Service Wire Co.
• Top Cable S.A.
• KBE Elektrotechnik GmbH
• TT Kabeli d.o.o.
• Ruitian Cable Co., Ltd.
• HELUKABEL GmbH

If you can't find what you're searching for or have any custom requirements for global solar cables market, you may approach our team at info@marketsandata.com