Market Overview:
The global photovoltaic and solar connectors market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for renewable energy sources, especially solar energy. Solar energy is a clean and renewable source of energy that does not produce any harmful emissions, making it an attractive option for countries looking to reduce their carbon footprint. In addition, governments are providing various incentives such as subsidies and tax rebates for installing solar panels, which is also contributing to the growth of the global photovoltaic and solar connectors market. The global photovoltaic and solar connectors market can be segmented on the basis of type, application, and region. On the basis of type, the market can be divided into 8 AWG connector 10 AWG connector 12 AWG connector 14 AWG connector Others). On the basis of application, it can be classified into residential commercial industrial ground power station). Region-wise, it can be segmented into North America Latin America Europe Asia Pacific Middle East & Africa).
Product Definition:
A photovoltaic (PV) connector is a device that facilitates the connection of two or more PV modules or arrays. It ensures electrical continuity and optimum power transfer between modules. Solar connectors are used to connect solar panels in series and parallel circuits. The importance of photovoltaic and solar connectors is to create an efficient way for the energy collected by the solar panels to be transmitted into your home or business.
8 AWG:
8 AWG is the thin wire range used in solar connectors. It has a diameter of 0.1-0.3mm and offers high electrical resistance, low inductance and higher flexibility than 6 AWG wires which makes them suitable for use in solar connectors that require flexible cables with high durability and reliability.
10 AWG:
The photovoltaic and solar connectors market size was valued at USD 2.0 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. Increasing demand for renewable energy coupled with government support in terms of financial benefits, tax rebates, subsidies, import duties reduction etc., are some major factors driving the market growth globally.
Application Insights:
The market is segmented by application into residential, industrial and commercial, and ground power station. The residential sector accounted for the largest share in 2016 owing to growing demand for clean energy from utility companies. Government support promoting renewable sources of energy is also expected to have a positive impact on the growth of this sector over the forecast period.
The European Commission¢â‚¬â„¢s Solar Program For Communities And Buildings (SLCAB) has supported more than 1 million installations across Europe since its inception in 2010. This initiative provides funding through EU subsidies for installing photovoltaic systems on buildings under solar panels program managed by national or local governments, utilities, non-profit organizations or private companies operating on their behalf.
Regional Analysis:
The Asia Pacific region accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to rising investments in solar farms, favorable government policies, and increasing demand from end-use industries. China dominated the regional market owing to large-scale installations of solar farms as well as growing PV capacity addition. In 2018, China added 22 GW of new photovoltaic capacity which was more than any other country added worldwide.
North America is projected to grow at a significant rate over the forecast period owing to increasing adoption by residential consumers due to declining costs and enhanced performance compared with conventional systems based on fossil fuels such as natural gas or coal plants. Moreover, supportive federal policies are also anticipated favorably impact industry growth over this region during the same period.
Growth Factors:
- Increasing demand for renewable energy: The global demand for renewable energy is increasing due to the growing concerns over climate change and the need to reduce greenhouse gas emissions. This is driving the growth of the photovoltaic and solar connectors market.
- Government initiatives supporting renewables: Governments around the world are promoting the use of renewables through various initiatives such as subsidies, tax breaks, and targets for renewable energy consumption. This is also contributing to the growth of the photovoltaic and solar connectors market.
- Declining prices of solar panels: The prices of solar panels have been declining in recent years, making them more affordable for consumers. This is helping to drive demand for solar power, which in turn is benefitingthe photovoltaic and solar connectors market.
- . Growing popularity of rooftop PV systems: Rooftop PV systems are becoming increasingly popular due to their low installation costs and lack of land requirements They offer a numberof advantages such as decentralized generation, reduced transmission losses,and improved grid stability .Thisis boostingthe adoptionof PV systemsand benefitingthephotovoltaicsolarconnectorsmarket .
- . Technological advancements: Ongoing technological advancements are resulting in new types offast-chargingconnectors that can handle higher currents with less heat loss .Thisis helpingto improvetheefficiencyofPVsystemsanddrivegrowthinthephotovoltaicsolarconnectorsmarket
Scope Of The Report
Report Attributes
Report Details
Report Title
Photovoltaic and Solar Connectors Market Research Report
By Type
8 AWG, 10 AWG, 12 AWG, 14 AWG, Others
By Application
Residential, Industrial and Commercial, Ground Power Station
By Companies
Staubli, Amphenol, QC Solar, TE Connectivity, LAPP Group, Phoenix Contact, Weidmüller, Zhejiang Renhe, Yukita, Zhonghuan Sunter, Changshu Friends, Ningbo GZX
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
222
Number of Tables & Figures
156
Customization Available
Yes, the report can be customized as per your need.
Global Photovoltaic and Solar Connectors Market Report Segments:
The global Photovoltaic and Solar Connectors market is segmented on the basis of:
Types
8 AWG, 10 AWG, 12 AWG, 14 AWG, Others
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, Industrial and Commercial, Ground Power Station
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:
- Staubli
- Amphenol
- QC Solar
- TE Connectivity
- LAPP Group
- Phoenix Contact
- Weidmüller
- Zhejiang Renhe
- Yukita
- Zhonghuan Sunter
- Changshu Friends
- Ningbo GZX
Highlights of The Photovoltaic and Solar Connectors 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:
- 8 AWG
- 10 AWG
- 12 AWG
- 14 AWG
- Others
- By Application:
- Residential
- Industrial and Commercial
- Ground Power Station
- 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 Photovoltaic and Solar Connectors 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?
Photovoltaic (PV) connectors are used to connect solar panels to the grid. Solar connectors are available in a variety of configurations, including racking systems and busbars. Solar connectors allow for quick and easy installation of solar arrays, while also providing an efficient connection between the panels and the power grid.
Some of the major players in the photovoltaic and solar connectors market are Staubli, Amphenol, QC Solar, TE Connectivity, LAPP Group, Phoenix Contact, Weidm¼ller, Zhejiang Renhe, Yukita, Zhonghuan Sunter, Changshu Friends, Ningbo GZX.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Photovoltaic and Solar Connectors Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Photovoltaic and Solar Connectors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Photovoltaic and Solar Connectors Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Photovoltaic and Solar Connectors Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Photovoltaic and Solar Connectors Market Size & Forecast, 2020-2028
4.5.1 Photovoltaic and Solar Connectors Market Size and Y-o-Y Growth
4.5.2 Photovoltaic and Solar Connectors Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 8 AWG
5.2.2 10 AWG
5.2.3 12 AWG
5.2.4 14 AWG
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Industrial and Commercial
6.2.3 Ground Power Station
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Photovoltaic and Solar Connectors Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Photovoltaic and Solar Connectors Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 8 AWG
9.6.2 10 AWG
9.6.3 12 AWG
9.6.4 14 AWG
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Industrial and Commercial
9.10.3 Ground Power Station
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 8 AWG
10.6.2 10 AWG
10.6.3 12 AWG
10.6.4 14 AWG
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Industrial and Commercial
10.10.3 Ground Power Station
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 8 AWG
11.6.2 10 AWG
11.6.3 12 AWG
11.6.4 14 AWG
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Industrial and Commercial
11.10.3 Ground Power Station
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 8 AWG
12.6.2 10 AWG
12.6.3 12 AWG
12.6.4 14 AWG
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Industrial and Commercial
12.10.3 Ground Power Station
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 8 AWG
13.6.2 10 AWG
13.6.3 12 AWG
13.6.4 14 AWG
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Industrial and Commercial
13.10.3 Ground Power Station
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Photovoltaic and Solar Connectors Market: Competitive Dashboard
14.2 Global Photovoltaic and Solar Connectors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Staubli
14.3.2 Amphenol
14.3.3 QC Solar
14.3.4 TE Connectivity
14.3.5 LAPP Group
14.3.6 Phoenix Contact
14.3.7 Weidmüller
14.3.8 Zhejiang Renhe
14.3.9 Yukita
14.3.10 Zhonghuan Sunter
14.3.11 Changshu Friends
14.3.12 Ningbo GZX
