Market Overview:
The global PV array combiner box market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market growth 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 PV array combiner box market is segmented on the basis of type, application, and region. On the basis of type, it is divided into DC smart PV combiner box and AC smart PV combiner box. The DC smart PV combiner box segment dominates this market owing to its advantages such as low installation cost and easy installation process as compared to AC smart PV Combiner Boxes. On the basis of application, it is classified into residential, non-residential, and utility-scale segments. In terms Of Region North America accounts For The Largest Share In Global Pv Array Combiner Box Market And Is Expected To Grow At A CAGR OF 11% Over The Forecast Period Asia Pacific Is Expected To Be The Fastest Growing Region With A CAGR OF 12%.
Product Definition:
A PV array combiner box is an enclosure that houses a number of PV strings and connects them to a single output. The box allows for the connection of multiple modules in series and parallel, which increases the current and voltage ratings. It also provides protection against short-circuits, over-currents, and fire.
DC Smart PV Combiner Box:
DC smart PV combiner box is a device that monitors and controls the power flow between different sections of photovoltaic modules. It helps in preventing damage to the sensitive semiconductor components present inside the module. The DC smart PV combiner box has an ability to control and monitor current fluctuations, voltage variations, as well as reactive power drawn from or supplied to any individual section of solar array.
AC Smart PV Combiner Box:
AC smart PV combiner box is a device that monitors and controls the power flow between different sections of solar panels. It helps in maintaining the quality of energy produced by solar panels. The main function of this device is to protect the output from sudden variations in current which can damage sensitive electronics installed on solar panel arrays.
This product has gained significant popularity among customers owing to its ability to enhance performance, increase safety, and reduce maintenance costs for end-users over conventional systems.
Application Insights:
The utility-scale segment dominated the global PV array combiner box market in 2017, accounting for over 60% of the overall revenue share. The segment is expected to witness significant growth over the forecast period owing to rising demand for renewable energy across various countries including China, Germany and India.
Non-residential applications include commercial buildings, government facilities and non-critical industrial sites. These installations require large power generation capacities as they are majorly concerned with their operations 24*7 without any breaks. Hence, these installations use a lot of electricity; hence need larger capacity PV array combiners boxes that can easily handle such huge power requirements from numerous solar panels installed on multiple roofs across different parts of a building or campus complex at one location.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing investments in renewable energy, growing awareness about solar power, and government initiatives favoring clean energy generation. China accounted for more than 50% of global installations in 2016 owing to favorable policies such as Feed-In Tariff (FIT) and Renewable Portfolio Standards (RPS). In addition, Japan has a high penetration rate of PV systems due to its cold climate that requires less heating source. These factors are anticipated to drive demand over the next eight years.
Growth Factors:
- Increasing demand for renewable energy: The growth of the PV array combiner box market is mainly driven by the increasing demand for renewable energy across the globe. This is because of the growing concerns over climate change and greenhouse gas emissions, which has led to an increase in investments in renewable energy technologies.
- Declining costs of solar PV systems: The cost of solar photovoltaic (PV) systems has been declining significantly in recent years, making them more affordable for consumers. This is driving the growth of the PV array combiner box market as well, as it allows more people to install solar PV systems and benefit from its advantages.
- Growing awareness about benefits of solar power: There is a growing awareness about the benefits of using solar power among consumers around the world, which is helping to drive demand for PV arrays and boost sales of related products such as combiner boxes. Some key benefits that have been highlighted include reducing dependence on fossil fuels, reducing greenhouse gas emissions, and improving grid reliability & resilience .
Scope Of The Report
Report Attributes
Report Details
Report Title
PV Array Combiner Box Market Research Report
By Type
DC Smart PV Combiner Box, AC Smart PV Combiner Box
By Application
Residential, Non-Residential, Utility-Scale
By Companies
Sungrow, TBEA, Schneider Electric, Kebite, XJ Group, Jinting Solar, CFAT, Weidmuller, Eaton, FIBOX, Wuxi Longmax, Golden Highway, Surpass Sun Electric, Kingshore, Winline Technology, Guanya Power, Tongqiu, Temaheng Energy, Ehe New Energy, Jingyi Renewable Energy, Corona, Nego Automation, Hoymiles Converter, Noark
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global PV Array Combiner Box Market Report Segments:
The global PV Array Combiner Box market is segmented on the basis of:
Types
DC Smart PV Combiner Box, AC Smart PV Combiner 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, Non-Residential, Utility-Scale
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:
- Sungrow
- TBEA
- Schneider Electric
- Kebite
- XJ Group
- Jinting Solar
- CFAT
- Weidmuller
- Eaton
- FIBOX
- Wuxi Longmax
- Golden Highway
- Surpass Sun Electric
- Kingshore
- Winline Technology
- Guanya Power
- Tongqiu
- Temaheng Energy
- Ehe New Energy
- Jingyi Renewable Energy
- Corona
- Nego Automation
- Hoymiles Converter
- Noark
Highlights of The PV Array Combiner 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:
- DC Smart PV Combiner Box
- AC Smart PV Combiner Box
- By Application:
- Residential
- Non-Residential
- Utility-Scale
- 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 PV Array Combiner 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 PV array combiner box is a device that allows multiple solar panels to be connected together in order to produce more power. This can be useful if you have a large area that you want to cover with solar panels, or if you want to use multiple panels for different purposes (for example, one panel might be used for daytime use and another for nighttime use).
Some of the key players operating in the pv array combiner box market are Sungrow, TBEA, Schneider Electric, Kebite, XJ Group, Jinting Solar, CFAT, Weidmuller, Eaton, FIBOX, Wuxi Longmax, Golden Highway, Surpass Sun Electric, Kingshore, Winline Technology, Guanya Power, Tongqiu, Temaheng Energy, Ehe New Energy, Jingyi Renewable Energy, Corona, Nego Automation, Hoymiles Converter, Noark.
The pv array combiner box market is expected to grow at a compound annual growth rate of 10.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. PV Array Combiner 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. PV Array Combiner Box Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. PV Array Combiner Box Market - Supply Chain
4.5. Global PV Array Combiner Box Market Forecast
4.5.1. PV Array Combiner Box Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. PV Array Combiner Box Market Size (000 Units) and Y-o-Y Growth
4.5.3. PV Array Combiner Box Market Absolute $ Opportunity
5. Global PV Array Combiner 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. PV Array Combiner Box Market Size and Volume Forecast by Type
5.3.1. DC Smart PV Combiner Box
5.3.2. AC Smart PV Combiner Box
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global PV Array Combiner 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. PV Array Combiner Box Market Size and Volume Forecast by Application
6.3.1. Residential
6.3.2. Non-Residential
6.3.3. Utility-Scale
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global PV Array Combiner 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. PV Array Combiner 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 PV Array Combiner 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. PV Array Combiner 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 PV Array Combiner Box Demand Share Forecast, 2019-2026
9. North America PV Array Combiner 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 PV Array Combiner 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 PV Array Combiner Box Market Size and Volume Forecast by Application
9.4.1. Residential
9.4.2. Non-Residential
9.4.3. Utility-Scale
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America PV Array Combiner Box Market Size and Volume Forecast by Type
9.7.1. DC Smart PV Combiner Box
9.7.2. AC Smart PV Combiner 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 PV Array Combiner Box Demand Share Forecast, 2019-2026
10. Latin America PV Array Combiner 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 PV Array Combiner 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 PV Array Combiner Box Market Size and Volume Forecast by Application
10.4.1. Residential
10.4.2. Non-Residential
10.4.3. Utility-Scale
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America PV Array Combiner Box Market Size and Volume Forecast by Type
10.7.1. DC Smart PV Combiner Box
10.7.2. AC Smart PV Combiner 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 PV Array Combiner Box Demand Share Forecast, 2019-2026
11. Europe PV Array Combiner 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 PV Array Combiner 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 PV Array Combiner Box Market Size and Volume Forecast by Application
11.4.1. Residential
11.4.2. Non-Residential
11.4.3. Utility-Scale
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe PV Array Combiner Box Market Size and Volume Forecast by Type
11.7.1. DC Smart PV Combiner Box
11.7.2. AC Smart PV Combiner 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
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe PV Array Combiner Box Demand Share, 2019-2026
12. Asia Pacific PV Array Combiner 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 PV Array Combiner 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 PV Array Combiner Box Market Size and Volume Forecast by Application
12.4.1. Residential
12.4.2. Non-Residential
12.4.3. Utility-Scale
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific PV Array Combiner Box Market Size and Volume Forecast by Type
12.7.1. DC Smart PV Combiner Box
12.7.2. AC Smart PV Combiner 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 PV Array Combiner Box Demand Share, 2019-2026
13. Middle East & Africa PV Array Combiner 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 PV Array Combiner 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 PV Array Combiner Box Market Size and Volume Forecast by Application
13.4.1. Residential
13.4.2. Non-Residential
13.4.3. Utility-Scale
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa PV Array Combiner Box Market Size and Volume Forecast by Type
13.7.1. DC Smart PV Combiner Box
13.7.2. AC Smart PV Combiner 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 PV Array Combiner Box Demand Share, 2019-2026
14. Competition Landscape
14.1. Global PV Array Combiner Box Market: Market Share Analysis
14.2. PV Array Combiner Box Distributors and Customers
14.3. PV Array Combiner Box Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Sungrow
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. TBEA
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Schneider Electric
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Kebite
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. XJ Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Jinting Solar
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. CFAT
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Weidmuller
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Eaton
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. FIBOX
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Wuxi Longmax
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Golden Highway
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Surpass Sun Electric
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Kingshore
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Winline 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. Guanya Power
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Tongqiu
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Temaheng Energy
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Ehe New Energy
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Jingyi Renewable Energy
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
