Global PV Junction Box Market Growth 2023-2029

Global PV Junction Box Market Growth 2023-2029

A photovoltaic (PV) junction box is an important part of the solar panels. The junction box is an enclosure on the module where the PV strings are electrically connected. Junction boxes are installed by photovoltaic (PV) manufacturers directly on to the back of every PV panel and serve as the interface between the conductors ribbons on the panel and the DC input and output cables.
LPI (LP Information)' newest research report, the “PV Junction Box Industry Forecast” looks at past sales and reviews total world PV Junction Box sales in 2022, providing a comprehensive analysis by region and market sector of projected PV Junction Box sales for 2023 through 2029. With PV Junction Box sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world PV Junction Box industry.
This Insight Report provides a comprehensive analysis of the global PV Junction Box landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on PV Junction Box portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global PV Junction Box market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for PV Junction Box and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global PV Junction Box.
The global PV Junction Box market size is projected to grow from US$ 1189.6 million in 2022 to US$ 1943.1 million in 2029; it is expected to grow at a CAGR of 1943.1 from 2023 to 2029.
Global PV Junction Box key players include ZJRH, Jinko, Tonglin, GZX, TE Connectivity, etc. Global top five manufacturers hold a share about 25%. China is the largest market, with a share about 50%, followed by North America and Europe, both with a share about 15 percent. In terms of product, Non-Potting PV Junction Box is the largest segment, with a share about 50%. And in terms of application, the largest application is Utility, followed by Commercial, and Residential.
This report presents a comprehensive overview, market shares, and growth opportunities of PV Junction Box market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Potting PV Junction Box
Non-Potting PV Junction Box
Segmentation by application
Residential
Commercial
Utility
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ZJRH
Sunter
JMTHY
Forsol
QC
Friends Technology
Amphenol
Yitong
Tonglin
LV Solar
GZX
Xtong Technology
UKT
Yangzhou Langri
Dongguan Zerun
Linyang
Jiangsu Haitian
Jinko
Wintersun
ZJCY
TE Connectivity
Yukita
Lumberg
Kostal
Bizlink
Shoals
Stäubli Electrical Connectors
Onamba
Kitani
Hosiden
Key Questions Addressed in this Report
What is the 10-year outlook for the global PV Junction Box market?
What factors are driving PV Junction Box market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do PV Junction Box market opportunities vary by end market size?
How does PV Junction Box break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.