Industry Background:
A photovoltaic (PV) junction box is a significant portion of the solar panels, turning sunlight directly into electricity. The junction box is an insert on the module where the PV cords are electrically linked. A PV junction box is involved to the back of the solar panel (TPT) with silicon adhesive. It is generally used to get protection from environment. Wires attach to diodes inside, delivered that an easy way to link panels together.This growth is primarily driven by Rising Adoption Due to Online Distribution
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Electrical Components & Equipment sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as TE Connectivity (Switzerland), Stäubli Electrical Connectors (Switzerland), Targray (Canada), Geesys Technologies (India), DuPont (United States), LEONI Studer AG. (Germany), ZJRH (France), Zhejiang Zhonghuan Sunter PV Technology Co. Ltd (China), LV Solar (India) and QC Solar (China), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In August 2018, TE Connectivity (TE), a world leader in connectivity and sensors has acquired ABB’s ENTRELEC® terminal block business, ABB is a world pioneering technology leader in electrification products, robotics and motion, industrial automation and power grids.
In January 2018, TE Connectivity (TE), a world leader in connectivity and sensors has launched new SOLARLOK PV Edge decentralized junction box that can be attached to glass-to-glass photovoltaic panels without drilling holes.
Influencing Trend:
High Adoption in Due to Use in Smart Homes and Growing Use of Solar Systems
Market Growth Drivers:
Rising Adoption Due to Online Distribution and Increasing dependency on Solar Systems
Challenges:
moisture ingress and exposure to environmental elements
Restraints:
High Cost of PV Junction Box
Opportunities:
Technological Advancement in PV Junction Box
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of PV Junction Box Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of PV Junction Box Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of PV Junction Box players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, PV Junction Box Study Sheds Light on
The PV Junction Box Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the PV Junction Box industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where PV Junction Box industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.