The heavy-duty connector market is estimated to be valued at US$2.860 billion in 2019 and is projected to expand at a CAGR of 4.34% to reach a market size of US$3.907 billion in 2025. As the production process is becoming more complex with the rising sophistication of the end products, more efficient solutions are needed to sustain the process. Industrial Automation, which uses several advance tools and devices like sensors, is expected to boost the demand for heavy-duty connectors. Such devices enable the least human intervention while delivering a quality solution for industrial processes. Besides, government regulations in maintaining workers’ safety and a secure environment for avoiding work-related accidents is also a major demand driver for this market. Wiring the connectors is a protracted and unhandy task which might impact the growth of this market but with the invention of technologically advanced connectors, this drawback is also getting diminished.
Major players are launching superior heavy-duty connectors to serve a wide range of purposes. For instance, TE Connectivity launched high current heavy-duty connectors in 2018 for harsh outer environments, particularly for rail and power & energy industries to offer an equally reliable solution for high current needs. Another example is, RS Components, Electrocomponents plc, launched RS Pro heavy-duty connectors specifically designed for sound and lighting usage in the robotics sector. These diverse applications of HDCs are expected to boost the demand for this market.
Geographically, Asia Pacific dominates the market with a substantial share and is estimated to grow rapidly during the course of the forecast period. China and India being the hardware and software base of the world, respectively, are one of the largest countries supporting manufacturing activities in the world. North American region is expected to witness a high growth rate in the forecast period with rising industrial automation coupled with stringent regulations regarding workers’ safety. The presence of big players in this region is also anticipated to augment the growth of this market. In Europe also, the strict regulatory environment for product quality is expected to fuel the sales of the Heavy-Duty Connector Market.
Some of the major players covered as part of the report are TE Connectivity, Harting technology, Premier Farnell, Phoenix Contact, Amphenol Corporation, and Wieland Electric GmbH among others.
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The Heavy-Duty Connector market has been analyzed through the following segments: