Solar PV Balance Of Systems (BOS) Market to grow by USD 79.47 Bn in Electrical Components & Equipment Industry during 2026 - Technavio

NEW YORK, Sept. 26, 2022 /PRNewswire/ -- Technavio's latest research report on the Solar PV Balance Of Systems (BOS) Market offers a comprehensive analysis of new product launches, the latest trends, and the post-pandemic impact on businesses. The solar PV balance of systems (BOS) market value is anticipated to grow by USD 79.47 billion, at a CAGR of almost 18.8% during the forecast period.

Market Dynamics

Factors such as increasing investments in renewable energy, and supportive government policies will be crucial in driving the growth of the market. But the rising competition from other sources of energy will restrict the market growth.

advances in inverter technology are some of the opportunities for the market players to grow. On the other hand, the intermittency in solar power generation is a huge challenge in front of the industry. Buy Sample Report.

Company Profiles

Vendors are being driven by the intensifying market rivalry to implement a variety of growth methods, such as promotional efforts and spending on advertising, to increase the exposure of their services. In order to remain competitive in the market, several suppliers are also implementing inorganic expansion tactics like M&As.

The research examines the market's competitive environment and provides details on a number of vendors, including:

• ABB Ltd.
• Array Technologies Inc.
• Bentek Corp.
• Eaton Corp. Plc
• First Solar Inc.
• Golden Concord Holdings Ltd.
• Huawei Technologies Co. Ltd.
• Loom Solar Pvt. Ltd.
• Mecanizados Solares SL
• Microtek International Pvt. Ltd.
• Prysmian Spa
• Renesola Ltd
• Schneider Electric SE

Find additional highlights on the growth strategies adopted by vendors and their product offerings, Download Free Sample Report.

Competitive Analysis

The report includes competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Market Segmentation

• By Product
• The structural segment's market share of solar PV balance of systems (BOS) will significantly increase. Solar PV systems must have structural BOS components. As a result, the growth in the deployment of solar PV systems coincides with the development of the structural BOS. As a result, the demand for solar PV systems will be driven by the increase in global solar PV capacity, which will also encourage the deployment of structural BOS components during the projected period.
• By Geography
• APAC will account for 59% of market growth. The main markets in APAC for solar PV balance systems are China, Japan, and India. The market in this region will grow more slowly than the markets in North America, Europe, the Middle East and Africa. Request Free Sample Report.

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Table of Contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Product

• 5.1 Market segments 
• Exhibit 24: Chart on Product - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Product - Market share 2021-2026 (%)

• 5.2 Comparison by Product 
• Exhibit 26: Chart on Comparison by Product
• Exhibit 27: Data Table on Comparison by Product

• 5.3 Structural - Market size and forecast 2021-2026
• Exhibit 28: Chart on Structural - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Structural - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Structural - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Structural - Year-over-year growth 2021-2026 (%)

• 5.4 Electrical - Market size and forecast 2021-2026
• Exhibit 32: Chart on Electrical - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Electrical - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Electrical - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Electrical - Year-over-year growth 2021-2026 (%)

• 5.5 Inverter - Market size and forecast 2021-2026
• Exhibit 36: Chart on Inverter - Market size and forecast 2021-2026 ($ million)
• Exhibit 37: Data Table on Inverter - Market size and forecast 2021-2026 ($ million)
• Exhibit 38: Chart on Inverter - Year-over-year growth 2021-2026 (%)
• Exhibit 39: Data Table on Inverter - Year-over-year growth 2021-2026 (%)

• 5.6 Market opportunity by Product 
• Exhibit 40: Market opportunity by Product ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 42: Chart on Market share by geography 2021-2026 (%)
• Exhibit 43: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 44: Chart on Geographic comparison
• Exhibit 45: Data Table on Geographic comparison

• 7.3 APAC - Market size and forecast 2021-2026
• Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.4 Europe - Market size and forecast 2021-2026
• Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.5 North America - Market size and forecast 2021-2026
• Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.6 South America - Market size and forecast 2021-2026
• Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.7 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.8 China - Market size and forecast 2021-2026
• Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.9 US - Market size and forecast 2021-2026
• Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.10 Japan - Market size and forecast 2021-2026
• Exhibit 74: Chart on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 7.11 Germany - Market size and forecast 2021-2026
• Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.12 India - Market size and forecast 2021-2026
• Exhibit 82: Chart on India - Market size and forecast 2021-2026 ($ million)
• Exhibit 83: Data Table on India - Market size and forecast 2021-2026 ($ million)
• Exhibit 84: Chart on India - Year-over-year growth 2021-2026 (%)
• Exhibit 85: Data Table on India - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography 
• Exhibit 86: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 87: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape 
• Exhibit 88: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption 
• Exhibit 89: Overview on factors of disruption

• 9.4 Industry risks 
• Exhibit 90: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered 
• Exhibit 91: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 92: Matrix on vendor position and classification

• 10.3 ABB Ltd. 
• Exhibit 93: ABB Ltd. - Overview
• Exhibit 94: ABB Ltd. - Business segments
• Exhibit 95: ABB Ltd. - Key offerings
• Exhibit 96: ABB Ltd. - Segment focus

• 10.4 Eaton Corp. Plc 
• Exhibit 97: Eaton Corp. Plc - Overview
• Exhibit 98: Eaton Corp. Plc - Business segments
• Exhibit 99: Eaton Corp. Plc - Key news
• Exhibit 100: Eaton Corp. Plc - Key offerings
• Exhibit 101: Eaton Corp. Plc - Segment focus

• 10.5 Golden Concord Holdings Ltd. 
• Exhibit 102: Golden Concord Holdings Ltd. - Overview
• Exhibit 103: Golden Concord Holdings Ltd. - Product / Service
• Exhibit 104: Golden Concord Holdings Ltd. - Key offerings

• 10.6 Huawei Technologies Co. Ltd. 
• Exhibit 105: Huawei Technologies Co. Ltd. - Overview
• Exhibit 106: Huawei Technologies Co. Ltd. - Business segments
• Exhibit 107: Huawei Technologies Co. Ltd. - Key offerings
• Exhibit 108: Huawei Technologies Co. Ltd. - Segment focus

• 10.7 Prysmian Spa 
• Exhibit 109: Prysmian Spa - Overview
• Exhibit 110: Prysmian Spa - Business segments
• Exhibit 111: Prysmian Spa - Key offerings
• Exhibit 112: Prysmian Spa - Segment focus

• 10.8 Renesola Ltd 
• Exhibit 113: Renesola Ltd - Overview
• Exhibit 114: Renesola Ltd - Business segments
• Exhibit 115: Renesola Ltd - Key offerings
• Exhibit 116: Renesola Ltd - Segment focus

• 10.9 Schneider Electric SE 
• Exhibit 117: Schneider Electric SE - Overview
• Exhibit 118: Schneider Electric SE - Business segments
• Exhibit 119: Schneider Electric SE - Key news
• Exhibit 120: Schneider Electric SE - Key offerings
• Exhibit 121: Schneider Electric SE - Segment focus

• 10.10 SMA Solar Technology AG 
• Exhibit 122: SMA Solar Technology AG - Overview
• Exhibit 123: SMA Solar Technology AG - Business segments
• Exhibit 124: SMA Solar Technology AG - Key offerings
• Exhibit 125: SMA Solar Technology AG - Segment focus

• 10.11 Sungrow Power Supply Co. Ltd. 
• Exhibit 126: Sungrow Power Supply Co. Ltd. - Overview
• Exhibit 127: Sungrow Power Supply Co. Ltd. - Product / Service
• Exhibit 128: Sungrow Power Supply Co. Ltd. - Key offerings

• 10.12 Unirac Inc. 
• Exhibit 129: Unirac Inc. - Overview
• Exhibit 130: Unirac Inc. - Product / Service
• Exhibit 131: Unirac Inc. - Key offerings

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 132: Inclusions checklist
• Exhibit 133: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 134: Currency conversion rates for US$

• 11.4 Research methodology 
• Exhibit 135: Research methodology
• Exhibit 136: Validation techniques employed for market sizing
• Exhibit 137: Information sources

• 11.5 List of abbreviations 
• Exhibit 138: List of abbreviations

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