The demand for renewables is growing at unprecedented rates — a trend that will only continue. Each source depends on renewable energy cables to transmit the power it generates, but how do you know which one you need? In this article, we cover the future trends in the renewable energy market.

In their “Renewable Energy Market Update 2021,” the International Energy Agency found that 90% of global power capacity expansion in 2021 and 2022 came from renewable energy sources. This shows that renewables are not only proving themselves as established power sources but that their demand is only going to rise in the future.

As renewables become more popular, the need for the components that help support them can be expected to rise along with them. That means renewable energy cables, such as power cables and PV wire, will need to develop alongside their power source counterparts, and companies installing renewable systems will need to know which ones to use.

We’re prepared for that trend at Remee, so we’ll show you which future trends of the renewable energy market we expect to emerge, and how our renewable energy cables, like our Renewables™ by Remee, are ready to meet them.

1. Renewable Energy Cables with Long-Range Transmission

One of the chief drawbacks of the renewable energy industry has been its limited reliability. Solar power can only be generated in the daytime, and wind power isn’t generated when wind speeds are low. Long-range power transmission can help solve that problem, and high-efficiency renewable energy cables are part of the solution.

When renewables don’t make enough power in one part of the country, there may be excess production in another. If the grid can be unified through long-range transmission renewable energy cables, like Renewables™ by Remee, renewable energy become much more feasible.

Using Smart Grid Technology for the Renewable Energy Market

Smart grid technology connects our renewable energy power grid using advanced sensors and hardware, including high-performing power cables that carry electrical current across longer distances with less power loss.

Long-range power transmission is also a critical part of high-voltage direct current (HVDC) technology. That’s why global HVDC revenue is expected to reach 12.5 billion USD by 2025, with a compound annual growth rate (CAGR) of 9.5%. When long-range transmission unites a smarter grid, renewables will become more common, and popular too.

The expansion of the renewable energy grid will not be possible without top-performing renewable energy cables like those manufactured by Remee Wire and Cable. As renewable energy cable requirements continue to evolve, we continue to produce revolutionary renewable cable options to support this growth.

Cables for solar and wind fields in renewable energy market trends2. Renewable Energy Grid Decentralization

Instead of moving power over longer distances, some expect renewables to help decentralize the grid altogether. Solar power systems lend themselves especially well to microgrid technology, where individual homes, small communities, or companies make enough power for themselves. This is a stark contrast to conventional power transmission, where large populations get their electricity from a single power company.

According to Mordor Intelligence, the global microgrid technology market is expected to grow at a CAGR of 14.2% from 2022–2027 and reach a total of $24.85 billion in that time. This is due to expected improvements in microgrid components, like higher-performing solar panels and fuel cells, as well as a better power storage technology. Expect microgrids to become increasingly commonplace.

This energy storing advancement is highly dependent on factors like the PV wire or PV cables contained within the solar renewable energy production system, or wind tower renewable energy cables.

3. Better Power Storage for Renewable Energy

Another way to make renewables more commonplace is to improve their power storage systems. That way, when renewables aren’t producing power, the excess that they’ve generated can be used to keep the lights on.

Renewables have historically been limited by the inefficiency of power storage systems, but that trend is changing. Conventional lead acid batteries have been replaced with lithium-ion and nickel-cadmium (NiCd) batteries and their respective power cables, which now store more power for a longer period of time.

The rising demand for renewables coupled with improved battery tech are two reasons for the expected 27.2% CAGR increase in the power storage system market until 2027, so look for increased developments in the power storage sector.

Renewable Energy Cables and Renewables™ by Remee: The Common Thread in Renewable Energy Trends

Whether it’s long-range transmission, grid decentralization, or better power storage, the improvements that will increase the use of renewable energy all depend on having the right green energy cables for the job. For example:

  • HVDC transmission isn’t possible without high-conductivity aluminum cables.
  • Microgrid tech must use highly reliable cables and wiring, since its users may not be connected to the grid.
  • Batteries have improved in part because their cable interconnects have less power loss than ever.

Our engineers have developed Renewables™ by Remee, a new line of green energy cables to meet the rising demand and anticipated future trends of the renewable energy market. This rugged, high-performing line of power and control cables can be used for solar power cables, wind tower cables, and even other renewable sources like geothermal and tidal power.

Renewable energy cables are essential for the function of many of these renewable energy sources. You can learn more about how our green energy cables are used in these facilities in our recent blog, Why the Renewable Energy Sector Chooses Renewables™ by Remee.

Remee renewable energy cables possess high levels of conductivity for maximum electrical performance and the moisture and corrosion resistance needed to withstand harsh outdoor environments. And with our custom design capabilities, whatever the renewable power application may be, our team can meet the need.

You can even request a custom cable to meet your exact requirements.

Remee Green Energy Cables Keep Renewable Energy Grids Connected

The future of the renewable energy sector will depend on the reliability of the supporting systems. The expansion of renewable energy markets will not be possible without components that are specifically engineered to meet the unique demands of green energy production facilities.

That is why an increasing number of companies within the renewable energy sector are turning to the tested and proven quality of renewable energy cables manufactured by Remee. Our Renewables™ by Remee are specifically designed to handle the challenges associated with green energy for solar and wind farm applications.

With our state-of-the-art manufacturing facilities, we can create just about any type of custom renewable energy cable, along with industry standards like photovoltaic cables (PV wire), collection cables, DC feeder cables, and fiber optic cables. We offer standard, modified standard, and custom-engineered cables, including complex designs – with the most flexible service terms to meet your exact green energy cable requirements.

Choose Remee for Your Cable Partner to Keep Up With Renewable Energy Market Trends

At Remee we also provide customer service and fast decision-making normally associated with a smaller cable company. Yet, we’re one of the top national wire and cable manufacturers, large enough to manufacture a huge selection of quality renewable energy cables, including a unique capability to provide complex cable constructions.

Remee provides a host of cable constructions for industries of all types. We expect green power to become a bigger part of our energy portfolio, and we’re ready with the cables you’ll need to connect your project. Contact our cable experts today, and let’s make the world a greener place for all!