The high power connections market is anticipated to surpass US$ 4.6 billion in 2022 and grow at a CAGR of 6.1% to US$ 8.3 billion by the end of 2032. At the end of 2021, sales of high power connectors represented just under 7% of the market for power connectors worldwide.
Adoption of high power connectors is set to surge in those industries where a constant stream of seamless power transfer is required. Military and aerospace are a couple of such industries where power management and high efficiency are very important.
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Key Companies Profiled by Fact.MR
- Amphenol
- ABB
- Anderson Power Products
- Aptiv
- Foxconn
- Harting
- Harwin
- Hirose Electric Co. Ltd
- ITT Cannon
- Japan Aviation Electronics
- Japan Solderless Terminal
- Luxshare ICT
- Molex
- Radiall
- Renhotec
- Rosenberger
- Smiths Interconnect
- Souriau Sunbank
- TE Connectivity
- Valentini
- Yazaki
Key Takeaways:
- The global high power connectors market is set to be valued at US$ 4.6 Billion in 2022.
- The U.S. high power connectors market is anticipated to grow at a CAGR of 5.5% during the forecast period.
- Europe is set to hold nearly 23.6% of the high power connectors market share in 2022 and is projected to rise at 5.8% CAGR during 2022-2032.
- East Asia high power connectors market is likely to grow at 6.3% CAGR during the forecast period of 2022-2032.
- By mounting type, the board mount high power connectors segment was valued at US$ 1.9 Billion in 2021.
- Growing demand for highly efficient power management systems worldwide is likely to drive the market.
- Surging investments by governments in the development of electricity infrastructure are projected to boost growth.
Competitive Landscape:
Leading players operating in the high power connectors market are focusing on strategies such as innovation and new product launches. As top 5 players hold nearly 28.3% of share in the market, there is a scope for new entrants to achieve high revenues. Market players are mainly focusing on launching high power connectors that would work efficiently in extreme conditions.
For instance,
- Amphenol launched high power connectors with an operating voltage of 2.0KV AC (rms) at 35.000 ft. in 2021. These connectors are ideal for batteries and generators.
- In September 2021, ERNI Group AG was acquired by TE Connectivity. The acquisition was done with the aim of increasing connectivity solutions in high-speed and fine-pitch connectors.
More Valuable Insights on High Power Connectors Market
In the latest study, Fact.MR offers a detailed study on global high power connectors market for the forecast period of 2022 to 2032. This study also highlights key drivers promoting the sales of high power connectors with analysis across below segments:
By Pole:
- Single Pole Connector
- Multi Pole Connector
By Mounting Type:
- Board Mount
- Cable Mount
- Panel Mount
- Others
By Current Rating:
- Up to 100A
- 100-200A
- 200-300A
- 300-400A
- Above 400A
By End Use Application:
- Aerospace & Defense
- Automotive
- Construction & Mining
- Electronics & Electricals
- Energy & Power
- Healthcare
- Industrial & Manufacturing
- IT & Telecommunication
- Logistics & Transportation
- Oil & Gas
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Key Questions Covered in the High Power Connectors Market Report:
- What is the projected value of the high power connectors market in 2022?
- At what rate will the global high power connectors market grow until 2032?
- Which are the factors hampering the growth in the high power connectors market?
- Which region is expected to lead in the global high power connectors market during 2022-2032?
- Which are the factors driving the high power connectors market during the forecast period?
- What is the expected market value of the high power connectors market during the forecast period?
The report answers numerous pertinent questions, some of which are:
- What are some of the latent areas of investments in the market?
- Which region is expected to emerge as showing the most attractive growth rate during the forecast period and which factors will be crucial to its growth?
- What trends are likely to change the status quo of the positions held by leading players of the market in the not-so-distant future?
- Which product/service/technology segments holds game-changing potential to dramatically shape the competitive dynamic in the market?
- What are the strategies adopted by top players to retain their stronghold in the market?
- Which strategic moves will new entrants adopt to gain a strong foothold in the market?
- How businesses can respond, manage, and mitigate the risks?
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