Development of recyclable solar cables
The increased awareness about the solar equipment waste and its harmful impact on the environment resulted in regulatory impositions on solar power generation. Interest is laid on development of advanced technologies and bio-degradable solar equipment. The development of recyclable solar cables is considered as an industry phase shifter in terms of its reduced environmental impact and ease of solar waste management. Several companies including Shilpi Cable Technologies Ltd. and KEI Industries Limited are involved in the production of fully recyclable solar cables that comply with the environmental regulations associated with electrical waste management. The need for increasing the production and consumption of solar energy is forcing the governments towards imposition of subsidies and other incentives on solar power installations. The government and ministry of power in several countries are providing subsidy for the purchase and installation of solar panels and other components including solar cables
The development of floating solar farms is an opportunity for the growth of the solar cables market. These farms eliminate the requirement of large farmlands for solar power plants to be set up. However, it requires high performance solar panels and superior components including solar cables. France based solar energy equipment manufacturer Ciel & Terre International is producing floating solar farms
Why Copper hold the largest market share ?
Copper holds the largest market share for the solar cable market and is expected to dominate the market for the forecast period owing to the several advantages it has over other materials used. Copper has various properties which act as its advantages such as high Conductivity, Corrosion resistant, Heat Resistant, high Malleability and high Ductility.
Because copper is a highly efficient conductor of electricity and heat, it is used in renewable energy systems to generate power from solar, hydro, thermal and wind energy across the world. Copper helps reduce CO2 emissions and lowers the amount of energy needed to produce electricity. In many renewable energy systems, there is 12-times more copper being used than in traditional systems to ensure efficiency.
Renewable energy sources provide nearly one-quarter of the world’s power, and copper plays an important role in making it as efficient as possible with minimal impact on the environment.
Copper’s combination of high heat conductivity, resistance to atmospheric and aqueous corrosion, ease of fabrication, sealability (joining by soldering), mechanical strength and longevity offer strong advantages over any other material in solar heating applications.
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