Market Overview:
The global terminal and junction boxes market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for plastic terminal and junction boxes in residential, commercial, and industrial applications. Additionally, the growing demand for metal terminal and junction boxes from transportation sector is also propelling the growth of this market. Asia Pacific is expected to be the fastest-growing region during the forecast period owing to rising investments in infrastructure development projects in countries such as China and India.
Product Definition:
Terminal and Junction Boxes are important as they provide a safe place for electricians to terminate or connect wires.
Plastic Terminal and Junction Boxes:
Plastic terminal and junction boxes, it's usage.
The global plastic terminal and junction boxes market size was estimated at USD 3.62 billion in 2016. The increasing demand for these products is attributed to their ability to reduce maintenance costs, as they are lightweight; this further reduces the chances of errors during installation.
Metal Terminal and Junction Boxes:
Metal terminal and junction boxes are used in the manufacturing of electrical connectors. Metal terminal and junction boxes are widely used for making electrical connections inside a device or assembly. The size, shape, color, and material of these terminals & junction boxes can vary as per the requirements.
Application Insights:
The commercial application segment dominated the global terminal and junction boxes market, accounting for a share of over 60.0% in 2017. The growth can be attributed to the increasing number of commercial buildings, offices and shops across the globe. In addition, growing infrastructural development in key economies such as China, India & Australia is expected to boost product demand from 2030.
Industrial application accounted for a significant share owing to rising demand from manufacturing industries across the globe. Growing industrialization has resulted in an increased requirement for electric power supply resulting in an increased number of power distribution stations at both domestic and international levels which will stimulate product demand over the forecast period.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030. The growth in this region is attributed to increasing demand for electric vehicles and smart devices, which will further propel the manufacturing sector in Asia Pacific over the forecast period. In addition, rising number of data centers in countries such as China and India are anticipated to drive product demand over the next eight years.
The Europe market was valued at USD X million in 2017 owing to high production volume of electrical equipment and components on account of presence of major manufacturers such as Siemens AG; ABB Ltd.; Alstom; General Electric; Belden Inc.; Furukawa Electric Co., Ltd.; TE Connectivity Ltd.; among others.
Growth Factors:
- Increasing demand from the construction and infrastructure sectors
- Rising demand for terminal and junction boxes in renewable energy sector
- Growing popularity of smart grids and smart cities projects
- Proliferation of electric vehicles and growing demand for charging stations
- Technological advancements in terminal and junction box products
Scope Of The Report
Report Attributes
Report Details
Report Title
Terminal and Junction Boxes Market Research Report
By Type
Plastic Terminal and Junction Boxes, Metal Terminal and Junction Boxes
By Application
Residential, Commercial, Industrial
By Companies
RENHESOLAR, Eaton, Zhejiang Zhonghuan Sunter, PV Technology Co. Ltd, ABB, Rittal, Ningbo GZX PV Technology CO.,LTD., Schneider Electric, FIBOX, Cortem Group, Ningbo ChuangYuan PV Technology Co., Ltd, Bud Industries, Weidmüller, TE Connectivity, Altech Corporation, BOXCO Inc., Eldon Holding, Ningbo Betterbell Photovoltaic Technology Co.,Ltd., Gustav Hensel GmbH & Co. KG, Rice Lake Weighing Systems, Hammond, Hubbell (Raco), LeGrand (Pass & Seymour), ETA S.p.a., IRINOX SPA, Leviton, Midwest Electric Products
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Terminal and Junction Boxes Market Report Segments:
The global Terminal and Junction Boxes market is segmented on the basis of:
Types
Plastic Terminal and Junction Boxes, Metal Terminal and Junction Boxes
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial, Industrial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- RENHESOLAR
- Eaton
- Zhejiang Zhonghuan Sunter
- PV Technology Co. Ltd
- ABB
- Rittal
- Ningbo GZX PV Technology CO.,LTD.
- Schneider Electric
- FIBOX
- Cortem Group
- Ningbo ChuangYuan PV Technology Co., Ltd
- Bud Industries
- Weidmüller
- TE Connectivity
- Altech Corporation
- BOXCO Inc.
- Eldon Holding
- Ningbo Betterbell Photovoltaic Technology Co.,Ltd.
- Gustav Hensel GmbH & Co. KG
- Rice Lake Weighing Systems
- Hammond
- Hubbell (Raco)
- LeGrand (Pass & Seymour)
- ETA S.p.a.
- IRINOX SPA
- Leviton
- Midwest Electric Products
Highlights of The Terminal and Junction Boxes Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Plastic Terminal and Junction Boxes
- Metal Terminal and Junction Boxes
- By Application:
- Residential
- Commercial
- Industrial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Terminal and Junction Boxes Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Terminal boxes are used to connect two pieces of equipment together. Junction boxes are used to combine multiple pieces of equipment into one unit.
Some of the major players in the terminal and junction boxes market are RENHESOLAR, Eaton, Zhejiang Zhonghuan Sunter, PV Technology Co. Ltd, ABB, Rittal, Ningbo GZX PV Technology CO.,LTD., Schneider Electric, FIBOX, Cortem Group, Ningbo ChuangYuan PV Technology Co., Ltd, Bud Industries, WeidmƒÂ¼ller, TE Connectivity, Altech Corporation, BOXCO Inc., Eldon Holding, Ningbo Betterbell Photovoltaic Technology Co.,Ltd., Gustav Hensel GmbH & Co. KG, Rice Lake Weighing Systems, Hammond, Hubbell (Raco), LeGrand (Pass & Seymour), ETA S.p.a., IRINOX SPA, Leviton, Midwest Electric Products.
The terminal and junction boxes market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Terminal and Junction Boxes Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Terminal and Junction Boxes Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Terminal and Junction Boxes Market - Supply Chain
4.5. Global Terminal and Junction Boxes Market Forecast
4.5.1. Terminal and Junction Boxes Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Terminal and Junction Boxes Market Size (000 Units) and Y-o-Y Growth
4.5.3. Terminal and Junction Boxes Market Absolute $ Opportunity
5. Global Terminal and Junction Boxes Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Terminal and Junction Boxes Market Size and Volume Forecast by Type
5.3.1. Plastic Terminal and Junction Boxes
5.3.2. Metal Terminal and Junction Boxes
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Terminal and Junction Boxes Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Terminal and Junction Boxes Market Size and Volume Forecast by Application
6.3.1. Residential
6.3.2. Commercial
6.3.3. Industrial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Terminal and Junction Boxes Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Terminal and Junction Boxes Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Terminal and Junction Boxes Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Terminal and Junction Boxes Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Terminal and Junction Boxes Demand Share Forecast, 2019-2026
9. North America Terminal and Junction Boxes Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Terminal and Junction Boxes Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Terminal and Junction Boxes Market Size and Volume Forecast by Application
9.4.1. Residential
9.4.2. Commercial
9.4.3. Industrial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Terminal and Junction Boxes Market Size and Volume Forecast by Type
9.7.1. Plastic Terminal and Junction Boxes
9.7.2. Metal Terminal and Junction Boxes
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Terminal and Junction Boxes Demand Share Forecast, 2019-2026
10. Latin America Terminal and Junction Boxes Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Terminal and Junction Boxes Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Terminal and Junction Boxes Market Size and Volume Forecast by Application
10.4.1. Residential
10.4.2. Commercial
10.4.3. Industrial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Terminal and Junction Boxes Market Size and Volume Forecast by Type
10.7.1. Plastic Terminal and Junction Boxes
10.7.2. Metal Terminal and Junction Boxes
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Terminal and Junction Boxes Demand Share Forecast, 2019-2026
11. Europe Terminal and Junction Boxes Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Terminal and Junction Boxes Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Terminal and Junction Boxes Market Size and Volume Forecast by Application
11.4.1. Residential
11.4.2. Commercial
11.4.3. Industrial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Terminal and Junction Boxes Market Size and Volume Forecast by Type
11.7.1. Plastic Terminal and Junction Boxes
11.7.2. Metal Terminal and Junction Boxes
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projectios by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Terminal and Junction Boxes Demand Share, 2019-2026
12. Asia Pacific Terminal and Junction Boxes Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Terminal and Junction Boxes Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Terminal and Junction Boxes Market Size and Volume Forecast by Application
12.4.1. Residential
12.4.2. Commercial
12.4.3. Industrial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Terminal and Junction Boxes Market Size and Volume Forecast by Type
12.7.1. Plastic Terminal and Junction Boxes
12.7.2. Metal Terminal and Junction Boxes
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Terminal and Junction Boxes Demand Share, 2019-2026
13. Middle East & Africa Terminal and Junction Boxes Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Terminal and Junction Boxes Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Terminal and Junction Boxes Market Size and Volume Forecast by Application
13.4.1. Residential
13.4.2. Commercial
13.4.3. Industrial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Terminal and Junction Boxes Market Size and Volume Forecast by Type
13.7.1. Plastic Terminal and Junction Boxes
13.7.2. Metal Terminal and Junction Boxes
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Terminal and Junction Boxes Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Terminal and Junction Boxes Market: Market Share Analysis
14.2. Terminal and Junction Boxes Distributors and Customers
14.3. Terminal and Junction Boxes Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. RENHESOLAR
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Eaton
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Zhejiang Zhonghuan Sunter
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. PV Technology Co. Ltd
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. ABB
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Rittal
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Ningbo GZX PV Technology CO.,LTD.
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Schneider Electric
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. FIBOX
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Cortem Group
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Ningbo ChuangYuan PV Technology Co., Ltd
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Bud Industries
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Weidmüller
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. TE Connectivity
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Altech Corporation
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. BOXCO Inc.
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Eldon Holding
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Ningbo Betterbell Photovoltaic Technology Co.,Ltd.
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Gustav Hensel GmbH & Co. KG
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Rice Lake Weighing Systems
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook