Market Overview:
The global photovoltaic connector market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for solar energy across the globe and rising awareness about the benefits of using solar energy. In addition, government initiatives and subsidies for installing solar panels are also contributing to the growth of this market. The global photovoltaic connector market is segmented on the basis of type, application, and region. On the basis of type, it is divided into AC photovoltaic connectors and DC photovoltaic connectors. The AC photovoltaic connector segment dominates this market owing to its high efficiency as compared to DC connectors. On the basis of application, it is classified into automotive, solar industry, industrial sector, and others (including residential applications). The automotive sector accounts for a major share in terms of revenue in this market due to increasing demand for electric vehicles across the globe.
Product Definition:
A Photovoltaic Connector is a device used to connect two or more photovoltaic cells, modules, or arrays. They are used to create electrical circuits, and allow for the transfer of electricity between cells and modules. Photovoltaic connectors are important for ensuring that the cells and modules are able to function properly and produce energy.
AC Photovoltaic Connector:
AC photovoltaic connector is used in the electrical and electronic system of a solar power plant to interconnect the modules. The demand for AC PV connector is expected to grow at a significant rate owing to its usage in large capacity installations.
DC Photovoltaic Connector:
DC photovoltaic connector is used in DC photovoltaic systems which are made up of two semiconductor junction boxes, one male and other female. The connectors are available in a range of capacities from 1 to 10 Amps and have a maximum current rating of 20 Amps. They can be attached to the end-of-array cables or array cable which comes with an integrated plug that has an L-shaped configuration.
Application Insights:
The automotive segment accounted for the largest revenue share in 2016 and is projected to continue leading over the forecast period. The growing need for renewable energy in order to reduce carbon emissions and comply with fuel-economy standards is expected to drive demand. Furthermore, government initiatives such as Feed-in Tariffs (FiT) are likely to boost solar installations across roofs of residential buildings, thereby increasing demand for PV connectors over the forecast period.
The solar industry segment accounted for a significant market share in 2016 owing to rising FITs offered by various governments around the world including Germany, Italy, Spain and China which encourage investments into clean energy projects. In addition, favorable policies such as net metering subsidies that encourage private households & commercial buildings engaged in renewable energy generation are also driving growth within this application segment.
Regional Analysis:
Asia Pacific region accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The presence of a large number of solar farms, coupled with growing awareness among consumers regarding the benefits offered by PV systems, is anticipated to drive demand in this region.
The European photovoltaic connector industry was valued at USD X million in 2017 owing to high product adoption across various applications including industrial, automotive and others. Countries such as Germany have set up ambitious renewable energy targets which are likely to boost market growth over the coming years.
North America also contributed significantly towards market revenue owing to early adoption of solar technology across several sectors including aerospace & defense, residential/commercial buildings.
Growth Factors:
- Increasing demand for renewable energy: The global trend of increasing demand for renewable energy is expected to drive the growth of the photovoltaic connector market.
- Technological advancements: The development of new and innovative technologies in the photovoltaic connector market is anticipated to propel the growth of this market during the forecast period.
- Rising awareness about solar power: There is a rising awareness about solar power among consumers, which is likely to boost the adoption of photovoltaic connectors in near future.
- Growing investments in solar projects: Solar projects are receiving increased investments from both public and private sectors, which is projected to fuel the growth of this market over next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Photovoltaic Connector Market Research Report
By Type
AC Photovoltaic Connector, DC Photovoltaic Connector
By Application
Automotive, Solar Industry, Industrial, Others
By Companies
Weidmueller, Fischer Connectors, Cinch Connectivity Solutions, Molex, TE Connectivity, Phoenix Contact, Remke Industries, Amphenol, Lumberg, Burndy, Dongguan SUNYO, Heyco, CNC Tech, Lapp Group
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
185
Number of Tables & Figures
130
Customization Available
Yes, the report can be customized as per your need.
Global Photovoltaic Connector Market Report Segments:
The global Photovoltaic Connector market is segmented on the basis of:
Types
AC Photovoltaic Connector, DC Photovoltaic Connector
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
Automotive, Solar Industry, Industrial, Others
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:
- Weidmueller
- Fischer Connectors
- Cinch Connectivity Solutions
- Molex
- TE Connectivity
- Phoenix Contact
- Remke Industries
- Amphenol
- Lumberg
- Burndy
- Dongguan SUNYO
- Heyco
- CNC Tech
- Lapp Group
Highlights of The Photovoltaic Connector 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:
- AC Photovoltaic Connector
- DC Photovoltaic Connector
- By Application:
- Automotive
- Solar Industry
- Industrial
- Others
- 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 Connector 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?
A photovoltaic connector is a device that helps connect solar panels to an electrical outlet.
Some of the key players operating in the photovoltaic connector market are Weidmueller, Fischer Connectors, Cinch Connectivity Solutions, Molex, TE Connectivity, Phoenix Contact, Remke Industries, Amphenol, Lumberg, Burndy, Dongguan SUNYO, Heyco, CNC Tech, Lapp Group.
The photovoltaic connector market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Photovoltaic Connector 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 Connector Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Photovoltaic Connector 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 Connector 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 Connector Market Size & Forecast, 2020-2028
4.5.1 Photovoltaic Connector Market Size and Y-o-Y Growth
4.5.2 Photovoltaic Connector 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 AC Photovoltaic Connector
5.2.2 DC Photovoltaic Connector
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 Automotive
6.2.2 Solar Industry
6.2.3 Industrial
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Photovoltaic Connector 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 Connector 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 AC Photovoltaic Connector
9.6.2 DC Photovoltaic Connector
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 Automotive
9.10.2 Solar Industry
9.10.3 Industrial
9.10.4 Others
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 AC Photovoltaic Connector
10.6.2 DC Photovoltaic Connector
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 Automotive
10.10.2 Solar Industry
10.10.3 Industrial
10.10.4 Others
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 AC Photovoltaic Connector
11.6.2 DC Photovoltaic Connector
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 Automotive
11.10.2 Solar Industry
11.10.3 Industrial
11.10.4 Others
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 AC Photovoltaic Connector
12.6.2 DC Photovoltaic Connector
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 Automotive
12.10.2 Solar Industry
12.10.3 Industrial
12.10.4 Others
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 AC Photovoltaic Connector
13.6.2 DC Photovoltaic Connector
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 Automotive
13.10.2 Solar Industry
13.10.3 Industrial
13.10.4 Others
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 Connector Market: Competitive Dashboard
14.2 Global Photovoltaic Connector Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Weidmueller
14.3.2 Fischer Connectors
14.3.3 Cinch Connectivity Solutions
14.3.4 Molex
14.3.5 TE Connectivity
14.3.6 Phoenix Contact
14.3.7 Remke Industries
14.3.8 Amphenol
14.3.9 Lumberg
14.3.10 Burndy
14.3.11 Dongguan SUNYO
14.3.12 Heyco
14.3.13 CNC Tech
14.3.14 Lapp Group
