Market Overview:
The global junction box 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 junction boxes in residential, commercial, and industrial applications. In addition, the growing demand for plastic junction boxes is also contributing to the growth of the global junction box market. Asia Pacific is expected to be the fastest-growing region during the forecast period.
Product Definition:
A junction box (plural: junction boxes) is a type of electrical box that is used to house the wiring connections for light fixtures, switches, and other electrical devices. The box has several openings, or knockouts, through which the wires are passed and then connected to the device or fixture.
Plastic Junction Box:
Plastic junction box is used in electrical equipment to protect the wires from electric surges and overvoltage. It also helps to carry heavy current loads and protects the equipment from short circuits, overcurrent, arcing, high temperatures & voltage fluctuations. The size of these boxes can be varied as per requirements but generally they are available in sizes 6L X 6W X 3H inches (15cm x 15cm x 8 cm).
Metal Junction Box:
Metal junction box is used in electrical equipment to provide a conductive path for electric current. Metal junction boxes are available in different sizes and shapes, depending on the application requirements. The metal junction box is made of high strength steel and aluminum alloy; it has excellent mechanical properties, thermal resistance, and dimensional stability. It provides reliable performance under harsh operating conditions such as extreme temperature & pressure environment and prevents damage to electronic devices by providing efficient heat dissipation capacity.
Application Insights:
The commercial application segment dominated the global market in 2017, accounting for over 60.0% share of the total revenue. The growth can be attributed to an increase in demand from data centers and IT offices. A large number of companies are focusing on reducing their carbon footprint by shifting to renewable energy sources such as solar and wind, which is expected to drive demand for metal junction boxes over the forecast period.
The industrial application segment is projected to witness significant growth over the forecast period owing to a rise in manufacturing activities across various industries including oil & gas, power generation, healthcare among others.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to increasing demand for electricity in emerging economies, such as China and India. In 2016, Asia Pacific accounted for a share of more than 30% of global GDP and is projected to grow at 5% or higher during the forecast period.
The demand in Europe was valued at USD X billion in 2017 owing to high penetration rate of electric vehicles across countries such as Germany, France and Italy among others are anticipated to drive industry growth over the next eight years (2030). Moreover, growing adoption rate of solar energy power generation systems across countries including Spain, Portugal among others are also expected boost market development over the coming years (2018-2030).
Growth Factors:
- Increasing demand for smart and safe cities
- Rising demand for data centers and telecom infrastructure
- Proliferation of electric vehicles and renewable energy sources
- Growing popularity of the Internet of Things (IoT)
- Rapid urbanization and industrialization
Scope Of The Report
Report Attributes
Report Details
Report Title
Junction Box Market Research Report
By Type
Plastic Junction Box, Metal Junction Box
By Application
Residential, Commercial, Industrial
By Companies
RENHESOLAR, Eaton, Zhejiang Zhonghuan Sunter PV Technology, ABB, Rittal, Ningbo GZX PV Technology, Schneider Electric, FIBOX, Cortem Group, Ningbo ChuangYuan PV Technology, Bud Industries, Weidmüller, TE Connectivity, Altech Corporation, Ningbo Betterbell Photovoltaic Technology, Gustav Hensel, Rice Lake Weighing Systems, Hammond, Hubbell (Raco), LeGrand (Pass & Seymour), Leviton
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Junction Box Market Report Segments:
The global Junction Box market is segmented on the basis of:
Types
Plastic Junction Box, Metal 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:
- RENHESOLAR
- Eaton
- Zhejiang Zhonghuan Sunter PV Technology
- ABB
- Rittal
- Ningbo GZX PV Technology
- Schneider Electric
- FIBOX
- Cortem Group
- Ningbo ChuangYuan PV Technology
- Bud Industries
- Weidmüller
- TE Connectivity
- Altech Corporation
- Ningbo Betterbell Photovoltaic Technology
- Gustav Hensel
- Rice Lake Weighing Systems
- Hammond
- Hubbell (Raco)
- LeGrand (Pass & Seymour)
- Leviton
Highlights of The 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 Junction Box
- Metal 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 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
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- 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 junction box is a type of electrical box used to connect two or more wires in an organized manner.
Some of the major companies in the junction box market are RENHESOLAR, Eaton, Zhejiang Zhonghuan Sunter PV Technology, ABB, Rittal, Ningbo GZX PV Technology, Schneider Electric, FIBOX, Cortem Group, Ningbo ChuangYuan PV Technology, Bud Industries, WeidmƒÂ¼ller, TE Connectivity, Altech Corporation, Ningbo Betterbell Photovoltaic Technology, Gustav Hensel, Rice Lake Weighing Systems, Hammond, Hubbell (Raco), LeGrand (Pass & Seymour), Leviton.
The junction box market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Junction Box 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. Junction Box Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Junction Box Market - Supply Chain
4.5. Global Junction Box Market Forecast
4.5.1. Junction Box Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Junction Box Market Size (000 Units) and Y-o-Y Growth
4.5.3. Junction Box Market Absolute $ Opportunity
5. Global Junction Box 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. Junction Box Market Size and Volume Forecast by Type
5.3.1. Plastic Junction Box
5.3.2. Metal Junction Box
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Junction Box 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. Junction Box 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 Junction Box 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. Junction Box 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 Junction Box 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. Junction Box 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 Junction Box Demand Share Forecast, 2019-2026
9. North America Junction Box 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 Junction Box 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 Junction Box 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 Junction Box Market Size and Volume Forecast by Type
9.7.1. Plastic Junction Box
9.7.2. Metal Junction Box
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 Junction Box Demand Share Forecast, 2019-2026
10. Latin America Junction Box 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 Junction Box 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 Junction Box 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 Junction Box Market Size and Volume Forecast by Type
10.7.1. Plastic Junction Box
10.7.2. Metal Junction Box
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 Junction Box Demand Share Forecast, 2019-2026
11. Europe Junction Box 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 Junction Box 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 Junction Box 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 Junction Box Market Size and Volume Forecast by Type
11.7.1. Plastic Junction Box
11.7.2. Metal Junction Box
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.103. By Application
11.10.4. By Sales Channel
11.11. Europe Junction Box Demand Share, 2019-2026
12. Asia Pacific Junction Box 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 Junction Box 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 Junction Box 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 Junction Box Market Size and Volume Forecast by Type
12.7.1. Plastic Junction Box
12.7.2. Metal Junction Box
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 Junction Box Demand Share, 2019-2026
13. Middle East & Africa Junction Box 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 Junction Box 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 Junction Box 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 Junction Box Market Size and Volume Forecast by Type
13.7.1. Plastic Junction Box
13.7.2. Metal Junction Box
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 Junction Box Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Junction Box Market: Market Share Analysis
14.2. Junction Box Distributors and Customers
14.3. Junction Box 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 PV Technology
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. ABB
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Rittal
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Ningbo GZX PV Technology
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Schneider Electric
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. FIBOX
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Cortem Group
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Ningbo ChuangYuan PV Technology
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Bud Industries
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Weidmüller
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. TE Connectivity
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Altech Corporation
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Ningbo Betterbell Photovoltaic Technology
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Gustav Hensel
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Rice Lake Weighing Systems
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Hammond
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Hubbell (Raco)
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. LeGrand (Pass & Seymour)
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
