It is understood that Kuka cable's main business is solar cables and solar cable connectors. Now the world is aware of the importance of solar energy and is actively using it. International energy organizations boldly predict that the global solar coverage rate will reach 1,721GW in 2030. , The market prospects of solar cables and solar connectors are bright.
With its clean and safe advantages, solar energy has become the fastest-growing renewable energy source. According to the International Energy Agency's forecast, the cumulative global installed capacity of solar is expected to reach 1,721GW by 2030. As its transmission device, the solar connector is a key part for interconnecting components, combiner boxes, controllers, and inverters in solar power generation systems. The market prospects are promising.
At this stage, the development of KUKA CABLE depends on the prosperity of the downstream solar industry. KUKA CABLE stated that after the launch of the “531 New Deal” for domestic photovoltaics in May 2018, subsidies and product price standards in the photovoltaic industry have been reduced, and domestic market demand has declined, which has had a greater impact on enterprises in the solar industry chain.
KUKA CABLE followed the pace of overseas construction of solar module factories, deployed overseas production bases in advance, and actively explored overseas markets. The sales revenue of solar cable connectors maintained a growth trend that year.
With the technological improvement of the area of silicon wafers and the rapid development of double-sided power generation technology, photovoltaic cells have been greatly improved, and they have reached the "500W+" monolithic battery. The requirements for solar cables and solar cable connectors have become more stringent. In order to keep up with the rapid development of solar technology in the world, KUKA CABLE has formulated new product development and upgrading existing products to ensure that the company Core competitiveness in the market.
