MARKET RESEARCH

Demand for Renewable energy, also known as alternative energy, is growing rapidly. Alternative energy is generated by using renewable energy resources such as wind, solar energy, and hydro energy. Cables that are required to transfer the generated electricity at the renewable power plant are called alternative energy cables. Alternative energy power plants such as offshore wind farms or solar farms are primarily located in difficult weather conditions such as desert areas. Therefore, cables required for such applications are specifically designed to bear weather conditions they are exposed to. In terms of type, the alternative energy cable market can be broadly segmented into solar power cables, wind power cables, and hydroelectric cables. Solar power cables are double insulated, UV radiation and temperature resistant, and halogen free. Designed for outdoor applications, these cables provide excellent weather resistance. Wind power cables are also designed according to their powe...