Market Overview:
The global solar junction box 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. In addition, government initiatives and subsidies for promoting solar energy are also contributing to the growth of this market. The global solar junction box market is segmented on the basis of type, application, and region. On the basis of type, it is divided into plastic and metal Solar Junction Boxes. Plastic Solar Junction Boxes are expected to witness higher growth during the forecast period as compared to Metal Solar Junction Boxes owing to their low cost and easy installation process. By application, it is classified into residential, commercial, industrial sectors respectively. Among these applications segments, residential sector dominates in terms of revenue share followed by commercial sector due To increase in adoption Of rooftop photovoltaic systems In developed countries such as U K Germany Japan And United States .
Product Definition:
A solar junction box is a device used to connect solar panels in series or parallel. The purpose of a solar junction box is to provide an easy way to connect and disconnect solar panels, as well as allow for the sharing of current between them.
Plastic Solar Junction Box:
Plastic solar junction box is a device that helps in increasing the efficiency of photovoltaic modules by reducing the flow of current fluctuations and thus, increases their output. The module manufacturers use these boxes to decrease the power loss during transmission and distribution of electricity from solar panels to battery storage systems or into electric grids.
Metal Solar Junction Box:
Metal solar junction box is a device that regulates the flow of current from one side to another in photovoltaic systems. It controls and monitors the flow of current through each cell in a solar panel, thereby ensuring an even distribution. The metal solar junction box has different functions depending on its size and type. The basic types include small-sized, medium-sized, large-sized and extra large sized boxes which are used for residential as well as commercial applications respectively.
Application Insights:
The market is segmented by application into residential, commercial and industrial. The commercial sector dominated the global solar junction box market in 2017, accounting for over 60% of the overall revenue share. This can be attributed to growing demand from telecom operators and IT companies for data centers across the globe. The need for a reliable power supply solution has been increasing due to rapid expansion of data centers globally.
The industrial sector is expected to witness significant growth over the forecast period owing to rising demand from oil & gas companies and electric vehicle manufacturers worldwide.
Regional Analysis:
Asia Pacific is expected to be the largest regional market over the forecast period owing to increasing demand for electronics products. The region accounted for a share of more than 30% in 2016 and is anticipated to grow at a significant rate over the forecast period. Increasing number of manufacturing facilities, especially in China, India, Japan and Taiwan due to low labor costs coupled with favorable government regulations are some major factors driving industry growth in this region.
Europe solar junction box market was valued at USD X million in 2016 and is projected to grow significantly over the forecast period owing towards growing adoption of electric vehicles along with rising investments by governments for promoting renewable energy sources such as wind & solar power which will reduce dependence on conventional power plants thereby boosting product demand.
North America held a substantial share of global revenue due its large presence across U.S.
Growth Factors:
- Increasing demand for solar energy due to global warming and environmental concerns
- Government initiatives and subsidies for solar energy installations
- Reduction in the cost of solar energy systems due to technological advances
- Rising electricity costs and increasing awareness about the benefits of solar power
- Increased use of rooftop photovoltaic systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Solar Junction Box Market Research Report
By Type
Plastic Solar Junction Box, Metal Solar Junction Box
By Application
Residential, Commercial, Industrial
By Companies
Amphenol Industrial Products Group, Tigo Energy, Inc., AXIOM Solar Private Limited, DuPont, SolarEdge Technologies Inc., Dow Corning Corporation, TTI, Inc., QC Corporation, Zhejiang Renhe Photovoltaic Technology Co., Ltd., Wuxi city Min Yue metal products Co., Ltd., Epic Resins, Ningbo Pntech New Energy Co.Ltd, Astenik Solar, Hangzhou Dongke New Energy Technology Co.,Ltd
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
150
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global Solar Junction Box Market Report Segments:
The global Solar Junction Box market is segmented on the basis of:
Types
Plastic Solar Junction Box, Metal Solar Junction Box
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:
- Amphenol Industrial Products Group
- Tigo Energy, Inc.
- AXIOM Solar Private Limited
- DuPont
- SolarEdge Technologies Inc.
- Dow Corning Corporation
- TTI, Inc.
- QC Corporation
- Zhejiang Renhe Photovoltaic Technology Co., Ltd.
- Wuxi city Min Yue metal products Co., Ltd.
- Epic Resins
- Ningbo Pntech New Energy Co.Ltd
- Astenik Solar
- Hangzhou Dongke New Energy Technology Co.,Ltd
Highlights of The Solar Junction Box 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 Solar Junction Box
- Metal Solar Junction Box
- 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 Solar Junction Box 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 solar junction box is a device that helps to manage the flow of electricity from solar panels. It allows for the smooth and uninterrupted transfer of energy from the sun to your home or business.
Some of the key players operating in the solar junction box market are Amphenol Industrial Products Group, Tigo Energy, Inc., AXIOM Solar Private Limited, DuPont, SolarEdge Technologies Inc., Dow Corning Corporation, TTI, Inc., QC Corporation, Zhejiang Renhe Photovoltaic Technology Co., Ltd., Wuxi city Min Yue metal products Co., Ltd., Epic Resins, Ningbo Pntech New Energy Co.Ltd, Astenik Solar, Hangzhou Dongke New Energy Technology Co.,Ltd.
The solar junction box 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 Solar Junction Box 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 Solar Junction Box Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Solar Junction Box 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 Solar Junction Box 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 Solar Junction Box Market Size & Forecast, 2020-2028
4.5.1 Solar Junction Box Market Size and Y-o-Y Growth
4.5.2 Solar Junction Box 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 Plastic Solar Junction Box
5.2.2 Metal Solar Junction Box
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 Commercial
6.2.3 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Solar Junction Box 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 Solar Junction Box 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 Plastic Solar Junction Box
9.6.2 Metal Solar Junction Box
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 Commercial
9.10.3 Industrial
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 Plastic Solar Junction Box
10.6.2 Metal Solar Junction Box
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 Commercial
10.10.3 Industrial
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 Plastic Solar Junction Box
11.6.2 Metal Solar Junction Box
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 Commercial
11.10.3 Industrial
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 Plastic Solar Junction Box
12.6.2 Metal Solar Junction Box
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 Commercial
12.10.3 Industrial
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 Plastic Solar Junction Box
13.6.2 Metal Solar Junction Box
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 Commercial
13.10.3 Industrial
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 Solar Junction Box Market: Competitive Dashboard
14.2 Global Solar Junction Box Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Amphenol Industrial Products Group
14.3.2 Tigo Energy, Inc.
14.3.3 AXIOM Solar Private Limited
14.3.4 DuPont
14.3.5 SolarEdge Technologies Inc.
14.3.6 Dow Corning Corporation
14.3.7 TTI, Inc.
14.3.8 QC Corporation
14.3.9 Zhejiang Renhe Photovoltaic Technology Co., Ltd.
14.3.10 Wuxi city Min Yue metal products Co., Ltd.
14.3.11 Epic Resins
14.3.12 Ningbo Pntech New Energy Co.Ltd
14.3.13 Astenik Solar
14.3.14 Hangzhou Dongke New Energy Technology Co.,Ltd
