Power Connectors Market 2019-2027: Credence Research – Industry Size, Trends & Forecast
Oct 3, 2019
The overall Power Connectors market worldwide was valued at US$ 1.87 Bn in 2018 and is set to grow with a CAGR of 3.6% during the forecast period.
SANJOSE, United States - October 3, 2019 /MarketersMedia/ —
The global market for Power Connectors was estimated at US$ 1.87 billion in 2018 and is expected to expand at a CAGR of 3.6% over the forecast period. (According to a research study recently published by Credence Research".)
Power connectors are devices that allow electrical current to pass through them for the sole purpose of providing power to a device. The worldwide market for power connectors will see exciting development due to its use in energy transfer. Power connectors are widely used in the military and defense sectors. These connectors are designed to meet the difficult military requirements in terms of their accuracy, durability and reliability. Power connectors are also known as modular connectors which can be designed to fit consumer goals and requirements by using pre-existing building blocks to arrange unique contacts. In the consumer electronics, medical devices, and aerospace industries, power connectors also find extensive applications. Power connectors offer inline separation within a circuit and come with different sizes and shapes as needed. All the above factors are likely to boost the demand for energy connectors in the near future. Increasing demand for high-speed connectors, moving to compact and thinner connectors as well as introducing high-power connectors are emerging trends that have a direct effect on the dynamics of the connector industry.
Browse Full Report Originally Published by Credence Research @ https://www.credenceresearch.com/report/power-connector-market
By Type, the up to 15.0 A segment dominated the market in 2018 due largely to increased demand for mid-power connectors, particularly from the consumer electronics and automotive industries. Although, up to 25.0 A segment is projected to witness the fastest growth over the forecast period due to the increasing demand from military and automotive applications for high-power connectors. Some significant factors expected to drive the demand for such power connectors are rising demand for electric cars combined with increased consumer knowledge of the use of electric vehicles. The automotive segment accounted for the biggest share in 2018 in terms of implementation. Safety features such as anti-theft alarm, adaptive cruise control, keyless entry, auto emergency braking and lane departure warning help prevent fatal accidents and provide higher levels of safety. Such advanced features are integrated into a vehicle using a considerable number of electronic components. Connectors play an essential role in ensuring adequate power distribution for these components. Power connectors are also produced in such a way as to withstand severe operating situations. Dirt, wear and tear, low and high temperatures.
Asia Pacific power connectors industry is estimated to grow at a significant rate as a result of growing construction and infrastructure activities in emerging economies such as China and India. Growth is driven by a rapid increase in automotive production, increased tablet and smartphone demand, and increased industrial automation, as well as higher demand for home appliances. Increasing awareness of air pollution has encouraged electric vehicles to be adopted, creating tremendous opportunities for connectors in China, Japan, India, and other countries. North America is expected to remain the largest market for power connectors throughout the forecast period due to advanced technology and innovative product development. Huge numbers of power industries, huge military base, and a rapidly evolving electronics industry, especially in the U.S., are some of the major factors behind the dominance of North America.
Some of the key manufacturers are:
Molex,
Igus,
TE Connectivity,
CLIFF Electronic Components,
Amphenol,
CUI,
Samtec,
Harwin,
Foxconn,
NBC,
Hirose Electric,
Bulgin,
Belden,
Furutech,
ITT,
GE,
Kyocera,
Glenair,
Anderson Power Products,
Methode Electronics,
Aerospace Electronics,
Phoenix Contact
Binder
You can get the sample copy of this research by Credence Research here: https://www.credenceresearch.com/sample-request/59956
About Credence Research (Original Publisher)
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we've manufactured a firm extraordinarily prepared to this task.
Contact Info:
Name: Chris Smith
Email: Send Email
Organization: Credence Research
Address: 105 N 1st ST #429, SAN JOSE,, CA 95103, United States
Phone: 18003618290
Website: https://www.credenceresearch.com/report/power-connector-market
Source: MarketersMedia
Release ID: 88925238
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