The global market for Solar Module Junction Boxes was valued at US$ 1613 million in the year 2024 and is projected to reach a revised size of US$ 2709 million by 2031, growing at a CAGR of 7.8% during the forecast period.
A solar module junction box is attached to the back of the solar panel. It wires the connectors together and is the output interface of the solar panel. The cables from a junction box transport the electricity from the solar panel to array junction box.
It is expected that global demand for photovoltaic products will remain high in the next few years. According to our PV & Solar Research Center, by the end of 2022, the global cumulative installed photovoltaic power generation capacity is about 1180 GW. According to the data of China Photovoltaic Industry Association, the global newly installed photovoltaic capacity in 2022 is about 230 GW, and this number in 2023 is predicted to be 280-330 GW. According to the data of the Ministry of Industry and Information Technology, the total output value of China"s photovoltaic industry exceeded 1.4 trillion yuan in 2022. From the perspective of production value, mainland China is still the global center of the PV industry. According to the International Energy Agency, China market share in all key products of the supply chain have exceeded 80%. Among them, the production capacity of silicon wafers, solar cells, and components accounts for as high as 98%, 85% and 77%, respectively. According to the data released by the European Photovoltaic Association, 27 EU countries gained a new PV installed capacity of 41.4 GW in 2022. According to the report of the US Solar Energy Industries Association (SEIA), the US held a new PV installed capacity of less than 19 GW in 2022. But it is estimated that from 2023, the average annual growth rate of new photovoltaic installed capacity will exceed 21%. In terms of Japan, based on data from Fitch and the US Energy Information Administration (EIA), in 2022, Japan"s newly installed photovoltaic capacity was 3.217 GW. Rising energy demand is expected to drive the global solar photovoltaic junction box market. Globally, energy demand is expected to increase as rapid industrialization and urbanization of the world is the main reason for the increase in global energy demand, while populous countries such as China, India, etc. are expected to witness increased energy demand. Demand growth exceeds 60% of current global energy use. The photovoltaic junction box of the solar panel is an important component. The solar photovoltaic junction box protects all the electrical components on the solar panel from the elements of nature. Corrosion at the terminals can be minimized by using a solar photovoltaic junction box. It controls temperature and ensures long-term safety. As the generation of electricity from solar resources increases, the demand for solar panels and other equipment required for the construction of solar power plants is expected to increase. Hence, the demand for solar photovoltaic junction boxes is expected to grow exponentially throughout the forecast period. There is growing demand for renewable energy, and solar power, backed by the government"s ambitious green energy ambitions, has become a big draw for investors. Over the past decade, countries such as China, Germany, and the U.S. have emerged as solar powerhouses and increased solar power generation, which has contributed to the growth of the solar photovoltaic junction box market.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Solar Module Junction Boxes, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Solar Module Junction Boxes.
The Solar Module Junction Boxes market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Solar Module Junction Boxes market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Solar Module Junction Boxes manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
TE Connectivity
Targray
Phoenix Contact
LEONI
Staubli International
VRM Energy Consultancy Services
Sunter
LEATEC Fine Ceramics
Yitong PV Science & Technology
Tongling Electric
GEESYS Technologies
EIcom International
by Type
Crystalline Silicon Junction Box
Amorphous Silicon Junction Box
by Application
Residential
Commercial
Industrial
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Europe
Germany
France
U.K.
Italy
Russia
Rest of Europe
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Solar Module Junction Boxes manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Solar Module Junction Boxes by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Solar Module Junction Boxes in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
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1 Solar Module Junction Boxes Market Overview
1.1 Product Definition
1.2 Solar Module Junction Boxes by Type
1.2.1 Global Solar Module Junction Boxes Market Value Growth Rate Analysis by Type: 2024 VS 2031
1.2.2 Crystalline Silicon Junction Box
1.2.3 Amorphous Silicon Junction Box
1.3 Solar Module Junction Boxes by Application
1.3.1 Global Solar Module Junction Boxes Market Value Growth Rate Analysis by Application: 2024 VS 2031
1.3.2 Residential
1.3.3 Commercial
1.3.4 Industrial
1.4 Global Market Growth Prospects
1.4.1 Global Solar Module Junction Boxes Production Value Estimates and Forecasts (2020-2031)
1.4.2 Global Solar Module Junction Boxes Production Capacity Estimates and Forecasts (2020-2031)
1.4.3 Global Solar Module Junction Boxes Production Estimates and Forecasts (2020-2031)
1.4.4 Global Solar Module Junction Boxes Market Average Price Estimates and Forecasts (2020-2031)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Solar Module Junction Boxes Production Market Share by Manufacturers (2020-2025)
2.2 Global Solar Module Junction Boxes Production Value Market Share by Manufacturers (2020-2025)
2.3 Global Key Players of Solar Module Junction Boxes, Industry Ranking, 2023 VS 2024
2.4 Global Solar Module Junction Boxes Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.5 Global Solar Module Junction Boxes Average Price by Manufacturers (2020-2025)
2.6 Global Key Manufacturers of Solar Module Junction Boxes, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Solar Module Junction Boxes, Product Offered and Application
2.8 Global Key Manufacturers of Solar Module Junction Boxes, Date of Enter into This Industry
2.9 Solar Module Junction Boxes Market Competitive Situation and Trends
2.9.1 Solar Module Junction Boxes Market Concentration Rate
2.9.2 Global 5 and 10 Largest Solar Module Junction Boxes Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Solar Module Junction Boxes Production by Region
3.1 Global Solar Module Junction Boxes Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.2 Global Solar Module Junction Boxes Production Value by Region (2020-2031)
3.2.1 Global Solar Module Junction Boxes Production Value by Region (2020-2025)
3.2.2 Global Forecasted Production Value of Solar Module Junction Boxes by Region (2026-2031)
3.3 Global Solar Module Junction Boxes Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.4 Global Solar Module Junction Boxes Production Volume by Region (2020-2031)
3.4.1 Global Solar Module Junction Boxes Production by Region (2020-2025)
3.4.2 Global Forecasted Production of Solar Module Junction Boxes by Region (2026-2031)
3.5 Global Solar Module Junction Boxes Market Price Analysis by Region (2020-2025)
3.6 Global Solar Module Junction Boxes Production and Value, Year-over-Year Growth
3.6.1 North America Solar Module Junction Boxes Production Value Estimates and Forecasts (2020-2031)
3.6.2 Europe Solar Module Junction Boxes Production Value Estimates and Forecasts (2020-2031)
3.6.3 China Solar Module Junction Boxes Production Value Estimates and Forecasts (2020-2031)
3.6.4 Japan Solar Module Junction Boxes Production Value Estimates and Forecasts (2020-2031)
4 Solar Module Junction Boxes Consumption by Region
4.1 Global Solar Module Junction Boxes Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
4.2 Global Solar Module Junction Boxes Consumption by Region (2020-2031)
4.2.1 Global Solar Module Junction Boxes Consumption by Region (2020-2025)
4.2.2 Global Solar Module Junction Boxes Forecasted Consumption by Region (2026-2031)
4.3 North America
4.3.1 North America Solar Module Junction Boxes Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.3.2 North America Solar Module Junction Boxes Consumption by Country (2020-2031)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Solar Module Junction Boxes Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.4.2 Europe Solar Module Junction Boxes Consumption by Country (2020-2031)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Netherlands
4.5 Asia Pacific
4.5.1 Asia Pacific Solar Module Junction Boxes Consumption Growth Rate by Region: 2020 VS 2024 VS 2031
4.5.2 Asia Pacific Solar Module Junction Boxes Consumption by Region (2020-2031)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Solar Module Junction Boxes Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.6.2 Latin America, Middle East & Africa Solar Module Junction Boxes Consumption by Country (2020-2031)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries
5 Segment by Type
5.1 Global Solar Module Junction Boxes Production by Type (2020-2031)
5.1.1 Global Solar Module Junction Boxes Production by Type (2020-2025)
5.1.2 Global Solar Module Junction Boxes Production by Type (2026-2031)
5.1.3 Global Solar Module Junction Boxes Production Market Share by Type (2020-2031)
5.2 Global Solar Module Junction Boxes Production Value by Type (2020-2031)
5.2.1 Global Solar Module Junction Boxes Production Value by Type (2020-2025)
5.2.2 Global Solar Module Junction Boxes Production Value by Type (2026-2031)
5.2.3 Global Solar Module Junction Boxes Production Value Market Share by Type (2020-2031)
5.3 Global Solar Module Junction Boxes Price by Type (2020-2031)
6 Segment by Application
6.1 Global Solar Module Junction Boxes Production by Application (2020-2031)
6.1.1 Global Solar Module Junction Boxes Production by Application (2020-2025)
6.1.2 Global Solar Module Junction Boxes Production by Application (2026-2031)
6.1.3 Global Solar Module Junction Boxes Production Market Share by Application (2020-2031)
6.2 Global Solar Module Junction Boxes Production Value by Application (2020-2031)
6.2.1 Global Solar Module Junction Boxes Production Value by Application (2020-2025)
6.2.2 Global Solar Module Junction Boxes Production Value by Application (2026-2031)
6.2.3 Global Solar Module Junction Boxes Production Value Market Share by Application (2020-2031)
6.3 Global Solar Module Junction Boxes Price by Application (2020-2031)
7 Key Companies Profiled
7.1 TE Connectivity
7.1.1 TE Connectivity Solar Module Junction Boxes Company Information
7.1.2 TE Connectivity Solar Module Junction Boxes Product Portfolio
7.1.3 TE Connectivity Solar Module Junction Boxes Production, Value, Price and Gross Margin (2020-2025)
7.1.4 TE Connectivity Main Business and Markets Served
7.1.5 TE Connectivity Recent Developments/Updates
7.2 Targray
7.2.1 Targray Solar Module Junction Boxes Company Information
7.2.2 Targray Solar Module Junction Boxes Product Portfolio
7.2.3 Targray Solar Module Junction Boxes Production, Value, Price and Gross Margin (2020-2025)
7.2.4 Targray Main Business and Markets Served
7.2.5 Targray Recent Developments/Updates
7.3 Phoenix Contact
7.3.1 Phoenix Contact Solar Module Junction Boxes Company Information
7.3.2 Phoenix Contact Solar Module Junction Boxes Product Portfolio
7.3.3 Phoenix Contact Solar Module Junction Boxes Production, Value, Price and Gross Margin (2020-2025)
7.3.4 Phoenix Contact Main Business and Markets Served
7.3.5 Phoenix Contact Recent Developments/Updates
7.4 LEONI
7.4.1 LEONI Solar Module Junction Boxes Company Information
7.4.2 LEONI Solar Module Junction Boxes Product Portfolio
7.4.3 LEONI Solar Module Junction Boxes Production, Value, Price and Gross Margin (2020-2025)
7.4.4 LEONI Main Business and Markets Served
7.4.5 LEONI Recent Developments/Updates
7.5 Staubli International
7.5.1 Staubli International Solar Module Junction Boxes Company Information
7.5.2 Staubli International Solar Module Junction Boxes Product Portfolio
7.5.3 Staubli International Solar Module Junction Boxes Production, Value, Price and Gross Margin (2020-2025)
7.5.4 Staubli International Main Business and Markets Served
7.5.5 Staubli International Recent Developments/Updates
7.6 VRM Energy Consultancy Services
7.6.1 VRM Energy Consultancy Services Solar Module Junction Boxes Company Information
7.6.2 VRM Energy Consultancy Services Solar Module Junction Boxes Product Portfolio
7.6.3 VRM Energy Consultancy Services Solar Module Junction Boxes Production, Value, Price and Gross Margin (2020-2025)
7.6.4 VRM Energy Consultancy Services Main Business and Markets Served
7.6.5 VRM Energy Consultancy Services Recent Developments/Updates
7.7 Sunter
7.7.1 Sunter Solar Module Junction Boxes Company Information
7.7.2 Sunter Solar Module Junction Boxes Product Portfolio
7.7.3 Sunter Solar Module Junction Boxes Production, Value, Price and Gross Margin (2020-2025)
7.7.4 Sunter Main Business and Markets Served
7.7.5 Sunter Recent Developments/Updates
7.8 LEATEC Fine Ceramics
7.8.1 LEATEC Fine Ceramics Solar Module Junction Boxes Company Information
7.8.2 LEATEC Fine Ceramics Solar Module Junction Boxes Product Portfolio
7.8.3 LEATEC Fine Ceramics Solar Module Junction Boxes Production, Value, Price and Gross Margin (2020-2025)
7.8.4 LEATEC Fine Ceramics Main Business and Markets Served
7.8.5 LEATEC Fine Ceramics Recent Developments/Updates
7.9 Yitong PV Science & Technology
7.9.1 Yitong PV Science & Technology Solar Module Junction Boxes Company Information
7.9.2 Yitong PV Science & Technology Solar Module Junction Boxes Product Portfolio
7.9.3 Yitong PV Science & Technology Solar Module Junction Boxes Production, Value, Price and Gross Margin (2020-2025)
7.9.4 Yitong PV Science & Technology Main Business and Markets Served
7.9.5 Yitong PV Science & Technology Recent Developments/Updates
7.10 Tongling Electric
7.10.1 Tongling Electric Solar Module Junction Boxes Company Information
7.10.2 Tongling Electric Solar Module Junction Boxes Product Portfolio
7.10.3 Tongling Electric Solar Module Junction Boxes Production, Value, Price and Gross Margin (2020-2025)
7.10.4 Tongling Electric Main Business and Markets Served
7.10.5 Tongling Electric Recent Developments/Updates
7.11 GEESYS Technologies
7.11.1 GEESYS Technologies Solar Module Junction Boxes Company Information
7.11.2 GEESYS Technologies Solar Module Junction Boxes Product Portfolio
7.11.3 GEESYS Technologies Solar Module Junction Boxes Production, Value, Price and Gross Margin (2020-2025)
7.11.4 GEESYS Technologies Main Business and Markets Served
7.11.5 GEESYS Technologies Recent Developments/Updates
7.12 EIcom International
7.12.1 EIcom International Solar Module Junction Boxes Company Information
7.12.2 EIcom International Solar Module Junction Boxes Product Portfolio
7.12.3 EIcom International Solar Module Junction Boxes Production, Value, Price and Gross Margin (2020-2025)
7.12.4 EIcom International Main Business and Markets Served
7.12.5 EIcom International Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Solar Module Junction Boxes Industry Chain Analysis
8.2 Solar Module Junction Boxes Raw Material Supply Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Solar Module Junction Boxes Production Mode & Process Analysis
8.4 Solar Module Junction Boxes Sales and Marketing
8.4.1 Solar Module Junction Boxes Sales Channels
8.4.2 Solar Module Junction Boxes Distributors
8.5 Solar Module Junction Boxes Customer Analysis
9 Solar Module Junction Boxes Market Dynamics
9.1 Solar Module Junction Boxes Industry Trends
9.2 Solar Module Junction Boxes Market Drivers
9.3 Solar Module Junction Boxes Market Challenges
9.4 Solar Module Junction Boxes Market Restraints
10 Research Findings and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
TE Connectivity
Targray
Phoenix Contact
LEONI
Staubli International
VRM Energy Consultancy Services
Sunter
LEATEC Fine Ceramics
Yitong PV Science & Technology
Tongling Electric
GEESYS Technologies
EIcom International
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*If Applicable.