Future Market Insights has announced the addition of the “PV Array Combiner Box Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment; 2017 – 2027" report to their offering
Valley Cottage, NY -- (SBWIRE) -- 02/14/2018 -- PV array combiner box is adopted by most of the enterprises to protect and boost the operational performance of their photovoltaic system. Moreover, PV array combiner box is widely used in photovoltaic power generation systems in order to reduce the number of wires which are require to connect the inverter and the array of solar modules.
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The PV array combiner box are widely used because of its several features which include easy flexibility, maintenance, anti-corrosive and safety.
PV Array Combiner Box Market: Drivers and Restraints
The rising adoption of PV array combiner box in large scale grid connected PV systems is one of the major factor driving the growth of the market owing to its flexible, efficient and safe features. Moreover, the rising demand for ground mount and commercial rooftop based PV array combiner box is also turning to be another major factor driving the growth of PV array combiner box market in positive manner.
Mechanical and electrical failure at the time of installation is the major challenge faced by most of the PV array combiner box vendors.
Global PV Array Combiner Box Market: Market Segmentation
Global PV Array Combiner Box Market can be divided into three segments, on the basis of product type, application, and region.
Segmentation on the basis of the product type for PV Array Combiner Box Market as:-
Major segments of PV Array Combiner Box market on the basis of the product type include:DC smart PV combiner box and AC smart combiner box.
Segmentation on the basis of the application for PV Array Combiner Box Market as:-
Major segments of PV Array Combiner Box market on the basis of the application include: Residential, Commercial, and utilities.
Global PV Array Combiner Box Market: Competitive Landscape
The prominent player operating in PV Array Combiner Box market includes Sungrow, Schneider Electric, XJ Group, Eaton Corporation, Renovagyand Surpass Sun Electricetc.
In July 2016, Eaton Corporation launched new Crouse-hinds series 1500V DC combiner box for large scale solar photovoltaic applications. This combiner box is specifically design to help customers by minimizing system cost by reducing wiring requirement and installation time.
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Global PV Array Combiner Box Market: Regional Outlook
On the basis of geography, PV Array Combiner Box market can be segmented into seven key regions namely North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and Middle East & Africa. Among various regions, the PV Array Combiner Box market in North America is expected to dominate during the forecast period owing to significant growth in technology innovations of PV array combiner box in this region. North America region is expected to be followed by Western Europe, and APAC.