Market Overview:
The global photovoltaic / solar connectors market is expected to grow at a CAGR of 10.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for renewable energy and the rising awareness about the benefits of using solar energy. Based on type, the market is segmented into 8 AWG, 10 AWG, 12 AWG, 14 AWG, and other segments. The 10AWG segment is expected to grow at a CAGR of 11% from 2018 to 2030. This growth can be attributed to the increasing demand for high-power applications in solar installations. Based on application, the market is segmented into solar industry, industrial sector and other sectors.
Product Definition:
A photovoltaic (PV) solar connector is a device used to connect two or more PV cells, modules, arrays or systems together. The connectors are used to create an electrical circuit and allow the transfer of power from one module to another. Photovoltaic connectors are important for connecting PV modules in series string arrays and parallel circuits. They are also used in wiring systems and electrical connections.
8 AWG:
8 AWG is the standard American wire gauge for electrical wires and cables. It is used in solar panels, power inverters, and other related equipment to protect it from short circuits. 8 AWG has a diameter of 0.039 inches (100 mm) and a length of 100 feet (30 meters). The higher the number, the smaller the wire or cable size gets.
10 AWG:
The photovoltaic connectors market size was valued at USD 1.5 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period, to reach USD 2.2 billion by 2022.
The growing need for sustainable energy resources.
Application Insights:
The solar industry was the largest application segment and accounted for over 92% of the total revenue share in 2017. The growing demand for photovoltaic connectors in various applications, such as roof tops & buildings, off-grid systems, and grid-connected systems is expected to drive growth over the forecast period.
The industrial segment is anticipated to witness significant growth during the forecast period owing to increasing demand from renewable energy projects across countries, including China India Japan South Korea Australia New Zealand Chile Mexico Argentina Brazil Belgium Netherlands United Kingdom Portugal Estonia Finland France Germany Ireland Italy Latvia Lithuania Luxembourg Malta Poland Russia Spain Sweden Ukraine Czech Republic Venezuela Colombia Israel Japan Malaysia Singapore Thailand Indonesia South Africa Morocco Turkey Uae Saudi Arabia UAE And many more countries ¢â‚¬Å“North America; Latin America; Europe; Asia Pacific¢â‚¬.
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 industrial applications. China dominated the regional market owing to large-scale installations of solar farms as well as growing demand from residential applications.
North America is projected to witness significant growth over the forecast period owing to a rise in photovoltaic capacity along with supportive government initiatives such as Investment Tax Credit (ITC) and Residential Renewable Energy Credits (RRECs). In addition, growing awareness regarding clean energy sources is anticipated favorably impact industry growth. U.S.
Growth Factors:
- Increasing demand for renewable energy sources: The global increase in the demand for renewable energy sources is one of the primary growth drivers for the photovoltaic / solar connectors market. This is because the use of these connectors helps to improve the efficiency and performance of solar panels, which in turn increases their adoption rate.
- Technological advancements: Continuous technological advancements are taking place in this market, owing to which new and innovative products are being launched by vendors on a regular basis. This is helping to expand the application areas of photovoltaic / solar connectors and also driving their uptake among consumers worldwide.
- Rising awareness about benefits of using solar power: There has been a significant rise in awareness about the benefits offered by using solar power across different regions worldwide in recent years. This has led many consumers to adopt photovoltaic / solar connectors, thereby fuelling market growth further.
Scope Of The Report
Report Attributes
Report Details
Report Title
Photovoltaic / Solar Connectors Market Research Report
By Type
8 AWG, 10 AWG, 12 AWG, 14 AWG, Other
By Application
Solar Industry, Industrial, Other
By Companies
Amphenol, Burndy, CNC Tech, Dongguan SUNYO, Heyco, HIS Renewables GmbH Oberzent, Icotek, Lapp Group, Leader, Lumberg, Molex, Phoenix Contact, Renhe Solar, Stäubli Electrical Connector, TE Connectivity, Weidmüller
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
177
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Photovoltaic / Solar Connectors Market Report Segments:
The global Photovoltaic / Solar Connectors market is segmented on the basis of:
Types
8 AWG, 10 AWG, 12 AWG, 14 AWG, Other
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
Solar Industry, Industrial, Other
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:
- Amphenol
- Burndy
- CNC Tech
- Dongguan SUNYO
- Heyco
- HIS Renewables GmbH Oberzent
- Icotek
- Lapp Group
- Leader
- Lumberg
- Molex
- Phoenix Contact
- Renhe Solar
- Stäubli Electrical Connector
- TE Connectivity
- Weidmüller
Highlights of The Photovoltaic / 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
- Other
- By Application:
- Solar Industry
- Industrial
- Other
- 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 / 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 connectors are used to connect solar panels together. Solar panels convert sunlight into electricity.
Some of the key players operating in the photovoltaic / solar connectors market are Amphenol, Burndy, CNC Tech, Dongguan SUNYO, Heyco, HIS Renewables GmbH Oberzent, Icotek, Lapp Group, Leader, Lumberg, Molex, Phoenix Contact, Renhe Solar, St¤ubli Electrical Connector, TE Con​​nectivity, Weidm¼ller.
The photovoltaic / solar connectors 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 / 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 / Solar Connectors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Photovoltaic / 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 / 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 / Solar Connectors Market Size & Forecast, 2020-2028
4.5.1 Photovoltaic / Solar Connectors Market Size and Y-o-Y Growth
4.5.2 Photovoltaic / 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 Other
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 Solar Industry
6.2.2 Industrial
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Photovoltaic / 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 / 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 Other
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 Solar Industry
9.10.2 Industrial
9.10.3 Other
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 Other
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 Solar Industry
10.10.2 Industrial
10.10.3 Other
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 Other
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 Solar Industry
11.10.2 Industrial
11.10.3 Other
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 Other
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 Solar Industry
12.10.2 Industrial
12.10.3 Other
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 Other
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 Solar Industry
13.10.2 Industrial
13.10.3 Other
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 / Solar Connectors Market: Competitive Dashboard
14.2 Global Photovoltaic / Solar Connectors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Amphenol
14.3.2 Burndy
14.3.3 CNC Tech
14.3.4 Dongguan SUNYO
14.3.5 Heyco
14.3.6 HIS Renewables GmbH Oberzent
14.3.7 Icotek
14.3.8 Lapp Group
14.3.9 Leader
14.3.10 Lumberg
14.3.11 Molex
14.3.12 Phoenix Contact
14.3.13 Renhe Solar
14.3.14 Stäubli Electrical Connector
14.3.15 TE Connectivity
14.3.16 Weidmüller
