A junction box is an enclosure that protects a connection (the junction) of two or more wires carrying electrical current. This level of protection is needed to prevent fires and to maintain solid, reliable connections that stay tight over many years. The use of junctions removes the need to run a wire from every outlet or switch back to the main service panel.
Currently, there are many producing companies in the world. The main market players are RENHESOLAR, Eaton,Zhejiang Zhonghuan Sunter PV Technology Co. Ltd, ABB, Rittal, Ningbo GZX PV Technology CO.,LTD., Schneider Electric, FIBOX, Cortem Group, Ningbo ChuangYuan PV Technology Co., Ltd, Bud Industries, Weidm?ller, TE Connectivity, Altech Corporation , Ningbo Betterbell Photovoltaic Technology Co, Ltd. ,Gustav Hensel GmbH & Co. KG, Rice Lake Weighing Systems, Hammond etcs.
Europe is the largest consumption of Junction Box, with a sales market share nearly 24.03%% in 2016.
According to this study, over the next five years the Junction Box market will register a 4.6% CAGR in terms of revenue, the global market size will reach USD 6220 million by 2024, from USD 4980 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Junction Box business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Junction Box market by product type, application, key manufacturers and key regions and countries.
This study considers the Junction Box value and volume generated from the sales of the following segments-
Segmentation by product type- breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Plastic Junction Box
Metal Junction Box
Segmentation by application- breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Residential
Commercial
Industrial
This report also splits the market by region- Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report- Breakdown data in in Chapter 3.
RENHESOLAR
Eaton
Zhejiang Zhonghuan Sunter PV Technology
ABB
Rittal
Ningbo GZX PV Technology
Schneider Electric
FIBOX
Cortem Group
Ningbo ChuangYuan PV Technology
Bud Industries
Weidm?ller
TE Connectivity
Altech Corporation
Ningbo Betterbell Photovoltaic Technology
Gustav Hensel
Rice Lake Weighing Systems
Hammond
Hubbell (Raco)
LeGrand (Pass & Seymour)
Leviton
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Junction Box consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Junction Box market by identifying its various subsegments.
Focuses on the key global Junction Box manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Junction Box with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Junction Box submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
