Solar PV Junction Box Market Size, Share, and Analysis, By Type (Potting PV Junction Box, Non-Potting PV Junction Box), By Application (Residential, Commercial, Industrial, Utilities) and Regional Forecasts, 2022-2032
Solar PV Junction Box Market Size, Share, and Analysis, By Type (Potting PV Junction Box, Non-Potting PV Junction Box), By Application (Residential, Commercial, Industrial, Utilities) and Regional Forecasts, 2022-2032
PRODUCT OVERVIEW:
The photovoltaic (PV) junction box is a major component of the solar panels. The junction box is enclosure on the module where the PV strings are connected electrically. Photovoltaic junction boxes consist of diodes, t%li%maintain a uni-directional power flow thereby, preventing the power from feeding back int%li%the panels during n%li%sunshine. The quality of PV junction box is certified and regulates the heat which offers long term safety. The PV junction box is connected at the back of the solar panels with a silicon adhesive with connectors (generally 4) together and the output interface of the solar panels. Good quality junction boxes are mostly corrosion resistant by excluding water from coming in. The IP rating of the junction boxes is of greater importance.
MARKET HIGHLIGHTS
Global Solar PV Junction Box Market is expected t%li%project a CAGR of 7.7% during the forecast period, 2022-2032
Global Solar PV Junction Box Market is expected t%li%reach USD 2.6 billion, growing at a CAGR of 7.7% during forecast period. As electrical energy is a basic need now-a-days, the demand is increasing worldwide. The necessity for an alternative energy source became prominent and gained importance as it is a renewable energy source and has become a major attraction for investors. Several countries have come up with solar power houses which has increased the production of electricity by solar energy boosting the solar PV junction box market t%li%grow.
GLOBAL SOLAR PV JUNCTION BOX MARKET SEGMENTATION:
Potting PV Junction Box segment is expected t%li%grow with high CAGR during the forecast period
Global Solar PV Junction Box Market is classified based on the Type int%li%Potting PV Junction Box, Non-Potting PV Junction Box. Potting PV junction box segment dominated the market in 2021 and is expected t%li%dominate the market in the forecast period. The potting PV junction method solders the foils coming out of the solar panel. The ease of use and assembly for customers makes the Potting PV Junction Box t%li%grow.
Residential Segment is expected t%li%grow with high CAGR during the forecast period
Global Solar PV Junction Box Market is classified based on the Application int%li%Residential, Commercial, Industrial, and Utilities. Residential segment dominated the market in 2021 and is expected t%li%dominate the market in the forecast period. Solar panels are usually used in homes when compared t%li%commercial or utilities having high use of Solar PV junction boxes in residential homes. The quality of the material used plays a key factor in choosing a PV junction box.
MARKET DYNAMICS:
Growth Drivers
Growing Energy Demand is Expected t%li%Boost the Growth of the Market
Increasing Environmental Concerns is Expected t%li%Boost the Growth of the Market
Restraint
High Price of the Product May Hamper the Market Growth
GLOBAL SOLAR PV JUNCTION BOX MARKET:
Key Players Covered:
PRODUCT OVERVIEW:
The photovoltaic (PV) junction box is a major component of the solar panels. The junction box is enclosure on the module where the PV strings are connected electrically. Photovoltaic junction boxes consist of diodes, t%li%maintain a uni-directional power flow thereby, preventing the power from feeding back int%li%the panels during n%li%sunshine. The quality of PV junction box is certified and regulates the heat which offers long term safety. The PV junction box is connected at the back of the solar panels with a silicon adhesive with connectors (generally 4) together and the output interface of the solar panels. Good quality junction boxes are mostly corrosion resistant by excluding water from coming in. The IP rating of the junction boxes is of greater importance.
MARKET HIGHLIGHTS
Global Solar PV Junction Box Market is expected t%li%project a CAGR of 7.7% during the forecast period, 2022-2032
Global Solar PV Junction Box Market is expected t%li%reach USD 2.6 billion, growing at a CAGR of 7.7% during forecast period. As electrical energy is a basic need now-a-days, the demand is increasing worldwide. The necessity for an alternative energy source became prominent and gained importance as it is a renewable energy source and has become a major attraction for investors. Several countries have come up with solar power houses which has increased the production of electricity by solar energy boosting the solar PV junction box market t%li%grow.
GLOBAL SOLAR PV JUNCTION BOX MARKET SEGMENTATION:
Potting PV Junction Box segment is expected t%li%grow with high CAGR during the forecast period
Global Solar PV Junction Box Market is classified based on the Type int%li%Potting PV Junction Box, Non-Potting PV Junction Box. Potting PV junction box segment dominated the market in 2021 and is expected t%li%dominate the market in the forecast period. The potting PV junction method solders the foils coming out of the solar panel. The ease of use and assembly for customers makes the Potting PV Junction Box t%li%grow.
Residential Segment is expected t%li%grow with high CAGR during the forecast period
Global Solar PV Junction Box Market is classified based on the Application int%li%Residential, Commercial, Industrial, and Utilities. Residential segment dominated the market in 2021 and is expected t%li%dominate the market in the forecast period. Solar panels are usually used in homes when compared t%li%commercial or utilities having high use of Solar PV junction boxes in residential homes. The quality of the material used plays a key factor in choosing a PV junction box.
MARKET DYNAMICS:
Growth Drivers
Growing Energy Demand is Expected t%li%Boost the Growth of the Market
Increasing Environmental Concerns is Expected t%li%Boost the Growth of the Market
Restraint
High Price of the Product May Hamper the Market Growth
GLOBAL SOLAR PV JUNCTION BOX MARKET:
Key Players Covered:
- QC Solar
- Ningb%li%Jinghua New Energy Technical
- Taizhou Chuangda Electronic
- Sun Connect
- Magma Photovoltaics
- Targray
- Mitsubishi Electric
- FPE Fischer GmbH
- ENF Ltd
- Tapollop Technology Co., Ltd.
- Kitani Electric Co., Ltd
- Geesys Technologies
- Elcom International
- Other Prominent Players
- Reasons t%li%Purchase this Report
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected t%li%witness the fastest growth as well as t%li%dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect t%li%recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight int%li%the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years t%li%come
- 3-month post-sales analyst support.
1. EXECUTIVE SUMMARY
1.1. Regional Market Share
1.2. Business Trends
1.3. Solar PV Junction Box Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2 RESEARCH METHODOLOGY
2.1. Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3 MARKET CHARACTERISTICS
3.1. Market Definition
3.2. Solar PV Junction Box Market: COVID-19 Impact
3.3. Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4 SOLAR PV JUNCTION BOX MARKET – INDUSTRY INSIGHTS
4.1. Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability
5 MACROECONOMIC INDICATORS
6 RECENT DEVELOPMENTS
7 MARKET DYNAMICS
7.1. Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4. Market Restraints
7.5. Market Trends
8 RISK ANALYSIS
9 MARKET ANALYSIS
9.1. Porters Five Forces
9.2. PEST Analysis
9.2.1. Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10 SOLAR PV JUNCTION BOX MARKET
10.1. Overview
10.2. Historical Analysis (2016-2021)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11 SOLAR PV JUNCTION BOX MARKET SIZE & FORECAST 2022A-2032F
11.1. Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1. By Type
11.3.1.1. Potting PV Junction Box
11.3.1.1.1. By Value (USD Million) 2022-2032F
11.3.1.1.2. Market Share (%) 2022-2032F
11.3.1.1.3. Y-o-Y Growth (%) 2022-2032F
11.3.1.2. Non-Potting PV Junction Box
11.3.1.2.1. By Value (USD Million) 2022-2032F
11.3.1.2.2. Market Share (%) 2022-2032F
11.3.1.2.3. Y-o-Y Growth (%) 2022-2032F
11.3.2. By Application
11.3.2.1. Residential
11.3.2.1.1. By Value (USD Million) 2022-2032F
11.3.2.1.2. Market Share (%) 2022-2032F
11.3.2.1.3. Y-o-Y Growth (%) 2022-2032F
11.3.2.2. Commercial
11.3.2.2.1. By Value (USD Million) 2022-2032F
11.3.2.2.2. Market Share (%) 2022-2032F
11.3.2.2.3. Y-o-Y Growth (%) 2022-2032F
11.3.2.3. Industrial
11.3.2.3.1. By Value (USD Million) 2022-2032F
11.3.2.3.2. Market Share (%) 2022-2032F
11.3.2.3.3. Y-o-Y Growth (%) 2022-2032F
11.3.2.4. Utilities
11.3.2.4.1. By Value (USD Million) 2022-2032F
11.3.2.4.2. Market Share (%) 2022-2032F
11.3.2.4.3. Y-o-Y Growth (%) 2022-2032F
12 NORTH AMERICA SOLAR PV JUNCTION BOX MARKET SIZE & FORECAST 2022A-2032F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Type
12.3.2. By Application
12.4. Country
12.4.1. United States
12.4.2. Canada
13 EUROPE SOLAR PV JUNCTION BOX MARKET SIZE & FORECAST 2022A-2032F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Type
13.3.2. By Application
13.4. Country
13.4.1. Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14 ASIA SOLAR PV JUNCTION BOX MARKET SIZE & FORECAST 2022A-2032F
14.1. Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Type
14.3.2. By Application
14.4. Country
14.4.1. India
14.4.2. China
14.4.3. South Korea
14.4.4. Japan
14.4.5. Rest of APAC
15 MIDDLE EAST AND AFRICA SOLAR PV JUNCTION BOX MARKET SIZE & FORECAST 2022A-2032F
15.1. Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Type
15.3.2. By Application
15.4. Country
15.4.1. Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4. South Africa
15.4.5. Rest of Middle East and Africa
16 LATIN AMERICA SOLAR PV JUNCTION BOX MARKET SIZE & FORECAST 2022A-2032F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1. By Type
16.3.2. By Application
16.3.3. Country
16.3.4. Mexico
16.3.5. Brazil
16.3.6. Rest of Latin America
17 COMPETITIVE LANDSCAPE
17.1. Company market share, 2021
17.2. Key player overview
17.3. Key stakeholders
18 COMPANY PROFILES
18.1. QC Solar
18.1.1. Company Overview
18.1.2. Financial Overview
18.1.3. Key Product; Analysis
18.1.4. Company Assessment
18.1.4.1. Product Portfolio
18.1.4.2. Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2. Ningbo Jinghua New Energy Technical
18.3. Taizhou Chuangda Electronic
18.4. Sun Connect
18.5. Magma Photovoltaics
18.6. Targray
18.7. Mitsubishi Electric
18.8. FPE Fischer GmbH
18.9. ENF Ltd
18.10. Tapollop Technology Co., Ltd.
18.11. Kitani Electric Co., Ltd
18.12. Geesys Technologies
18.13. Elcom International
18.14. Other Prominent Players
19 APPENDIX
20 CONSULTANT RECOMMENDATION
1.1. Regional Market Share
1.2. Business Trends
1.3. Solar PV Junction Box Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2 RESEARCH METHODOLOGY
2.1. Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3 MARKET CHARACTERISTICS
3.1. Market Definition
3.2. Solar PV Junction Box Market: COVID-19 Impact
3.3. Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4 SOLAR PV JUNCTION BOX MARKET – INDUSTRY INSIGHTS
4.1. Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability
5 MACROECONOMIC INDICATORS
6 RECENT DEVELOPMENTS
7 MARKET DYNAMICS
7.1. Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4. Market Restraints
7.5. Market Trends
8 RISK ANALYSIS
9 MARKET ANALYSIS
9.1. Porters Five Forces
9.2. PEST Analysis
9.2.1. Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10 SOLAR PV JUNCTION BOX MARKET
10.1. Overview
10.2. Historical Analysis (2016-2021)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11 SOLAR PV JUNCTION BOX MARKET SIZE & FORECAST 2022A-2032F
11.1. Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1. By Type
11.3.1.1. Potting PV Junction Box
11.3.1.1.1. By Value (USD Million) 2022-2032F
11.3.1.1.2. Market Share (%) 2022-2032F
11.3.1.1.3. Y-o-Y Growth (%) 2022-2032F
11.3.1.2. Non-Potting PV Junction Box
11.3.1.2.1. By Value (USD Million) 2022-2032F
11.3.1.2.2. Market Share (%) 2022-2032F
11.3.1.2.3. Y-o-Y Growth (%) 2022-2032F
11.3.2. By Application
11.3.2.1. Residential
11.3.2.1.1. By Value (USD Million) 2022-2032F
11.3.2.1.2. Market Share (%) 2022-2032F
11.3.2.1.3. Y-o-Y Growth (%) 2022-2032F
11.3.2.2. Commercial
11.3.2.2.1. By Value (USD Million) 2022-2032F
11.3.2.2.2. Market Share (%) 2022-2032F
11.3.2.2.3. Y-o-Y Growth (%) 2022-2032F
11.3.2.3. Industrial
11.3.2.3.1. By Value (USD Million) 2022-2032F
11.3.2.3.2. Market Share (%) 2022-2032F
11.3.2.3.3. Y-o-Y Growth (%) 2022-2032F
11.3.2.4. Utilities
11.3.2.4.1. By Value (USD Million) 2022-2032F
11.3.2.4.2. Market Share (%) 2022-2032F
11.3.2.4.3. Y-o-Y Growth (%) 2022-2032F
12 NORTH AMERICA SOLAR PV JUNCTION BOX MARKET SIZE & FORECAST 2022A-2032F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Type
12.3.2. By Application
12.4. Country
12.4.1. United States
12.4.2. Canada
13 EUROPE SOLAR PV JUNCTION BOX MARKET SIZE & FORECAST 2022A-2032F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Type
13.3.2. By Application
13.4. Country
13.4.1. Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14 ASIA SOLAR PV JUNCTION BOX MARKET SIZE & FORECAST 2022A-2032F
14.1. Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Type
14.3.2. By Application
14.4. Country
14.4.1. India
14.4.2. China
14.4.3. South Korea
14.4.4. Japan
14.4.5. Rest of APAC
15 MIDDLE EAST AND AFRICA SOLAR PV JUNCTION BOX MARKET SIZE & FORECAST 2022A-2032F
15.1. Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Type
15.3.2. By Application
15.4. Country
15.4.1. Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4. South Africa
15.4.5. Rest of Middle East and Africa
16 LATIN AMERICA SOLAR PV JUNCTION BOX MARKET SIZE & FORECAST 2022A-2032F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1. By Type
16.3.2. By Application
16.3.3. Country
16.3.4. Mexico
16.3.5. Brazil
16.3.6. Rest of Latin America
17 COMPETITIVE LANDSCAPE
17.1. Company market share, 2021
17.2. Key player overview
17.3. Key stakeholders
18 COMPANY PROFILES
18.1. QC Solar
18.1.1. Company Overview
18.1.2. Financial Overview
18.1.3. Key Product; Analysis
18.1.4. Company Assessment
18.1.4.1. Product Portfolio
18.1.4.2. Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2. Ningbo Jinghua New Energy Technical
18.3. Taizhou Chuangda Electronic
18.4. Sun Connect
18.5. Magma Photovoltaics
18.6. Targray
18.7. Mitsubishi Electric
18.8. FPE Fischer GmbH
18.9. ENF Ltd
18.10. Tapollop Technology Co., Ltd.
18.11. Kitani Electric Co., Ltd
18.12. Geesys Technologies
18.13. Elcom International
18.14. Other Prominent Players
19 APPENDIX
20 CONSULTANT RECOMMENDATION
