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Heavy-Duty Connector Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2022-2030

Published Date: September, 2022
No of Pages: 153
Delivery Format: PDF + Excel

$2,950.00

Heavy-Duty Connector Market Size And Forecast

Heavy-Duty Connector Market size was valued at USD 2.67 Billion in 2021 and is projected to reach USD 3.78 Billion by 2030, growing at a CAGR of 4.42% from 2022 to 2030.

The high importance of industrial safety has led to the increasing adoption of heavy-duty connectors. Furthermore, the rise in the adoption of industrial automated solutions has been propelling the growth of the Global Heavy-Duty Connector Market. The Global Heavy-Duty Connector Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market

Heavy-Duty Connector Market Report Scope and Segmentation

ATTRIBUTESDETAILS
ESTIMATED YEAR2022
BASE YEAR2021
FORECAST YEAR2030
HISTORICAL YEAR2017-2021
UNITValue (USD Million/Billion)
BY REGIONNorth America, Europe, Asia Pacific, Latin America, Middle East and Africa

Global Heavy-Duty Connector Market Definition

The Heavy-Duty Connector is designed to perform reliably under hazardous and challenging environmental conditions. It comprises socket connectors, which have four parts male, and female modular inserts, hood, base, and multiple position pin. It is capable of offering power and signal transmission in one connector and provides ease of handling. It finds its application in various industries such as manufacturing and construction, automation, railways, and others. Heavy-duty connectors perform reliably under the most demanding operating and harsh environmental conditions.

These connectors protect interfaces and ensure safe power transmission even under harsh environmental conditions. The heavy-duty connectors are resistant to dirt, water, vibrations, and high mechanical strain. The heavy-duty connector is comprised of four parts male, and female modular inserts, hood, base, and multiple position pin. The heavy-duty connector offers power and signal transmission in one connector and is extremely easy to handle. The heavy-duty connector finds its uses in various industries such as manufacturing, construction, automation, railways, and others.

Global Heavy-Duty Connector Market Overview

Governments across the globe are investing heavily in renewable energy sources owing to a shortage of power. Renewable energy provides clean and safe energy which is free of any kind of co2 emissions. Owing to these increasing investments, the demand for heavy-duty connectors is increasing in renewable energy production. Furthermore, the rising importance of industrial safety is one more important factor that is propelling the growth of the Global Heavy-Duty Connector Market. Moreover, the governments have laid down some regulations and safety standards for manufacturers to follow, owing to which the manufacturers are compelled to adopt heavy-duty connectors.

With the advent of technology and the adoption of automation in the workplace to increase productivity and efficiency, the demand for heavy-duty connectors is up surging. However, some restraints and challenges are limiting the growth of the Global Heavy-Duty Connector Market. The lack in the coordination of standards is a major issue for manufacturers and may hamper the growth of the market. Furthermore, technical challenges while selecting the right connector may create unnecessary challenges and affect the growth negatively.

Global Heavy-Duty Connector Market: Segmentation Analysis

The Global Heavy-Duty Connector Market is segmented on the basis of Component, Material Type, Termination Method, Application, And Geography.

Heavy-Duty Connector Market, By Component

• Accessories
• Hoods and Housings
• Inserts and Contacts

Based on Component, The market is bifurcated into Accessories, Hoods and Housings, and Inserts, and Contacts. The Inserts and Contacts segment is growing at a rapid pace. The Inserts and Contacts are the core components of the heavy-duty connectors that facilitate the transmission of power and signals. The Inserts and Contacts find their uses in various applications such as manufacturing, railways, and oil & gas.

Heavy-Duty Connector Market, By Material Type

• Plastic
• Metal

Based on Material Type, The market is bifurcated into Plastic and Metal. The Metal segment accumulated the largest market share of the Heavy-Duty Connector Market based on materials. The various industries are adopting metal-based heavy-duty connectors. Because metal-based heavy-duty connectors are durable, require fewer replacements, and sustain extreme. However, the plastic-based heavy-duty connectors segment is growing at a rapid rate owing to its lightweight properties which are required in many industries.

Heavy-Duty Connector Market, By Termination Method

• Screw
• Crimp
• Others

Based on Termination Method, The market is bifurcated into Screw, Crimp, and Others. Crimp termination is mostly used as it is gastight and hence remains corrosion-free. It is a highly reliable and vibration-proof connection.

Heavy-Duty Connector Market, By Application

• Manufacturing
• Railway
• Construction
• Oil & Gas
• Others

Based on Application, The market is bifurcated into Manufacturing, Railway, Construction, Oil & Gas, and Others. The Manufacturing application segment is anticipated to grow at the highest CAGR during the forecast period. The heavy-duty connectors are adopted as they enable power and signal transmissions in one system. Furthermore, heavy-duty connectors are capable of withstanding extreme environmental conditions such as moisture, dirt, high temperature, and vibrations.

Heavy-Duty Connector Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

On the basis of Regional Analysis, The Global Heavy-Duty Connector Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The largest share in the market will be dominated by Asia pacific. The dominance of Asia pacific is credited to the rapid industrialization and high adoption of automation solutions. The European region also enjoys a good market share as the heavy-duty connectors find its uses in various applications across different industries.

Key Players

The “Global Heavy-Duty Connector Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Pheonix Contact, TE Connectivity, Weidmuller Interface GmbH & Co. KG, Harting Technology Group, Amphenol Sine Systems, Molex Incorporation, ITT Cannon LLC, Weiland Electric, ODU GmbH &Co.KG, Lapp Group.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Product Launches and Product Expansions

• April 2019- Igus Introduced prepared to connect control with heavyweight duty conductors in India for substantial industrial requests.

Mergers and Acquisitions

• Dec 2021- Renu Electronics has proclaimed the acquisition of Phoenix Contact HMI IPC Expertise GmbH to form Renu Electronics GmbH. Renu Microelectronics now gets to add 50 more associates to its increasing base of developed and engineering competencies in Europe.

• July 2021- TE signed a conclusive agreement to obtain ERNI. Merging TE’s industrial portfolio will breadth, industrial-scale, and customer spread with ERNI’s market-foremost products, deep technical know-how, and manufacturing competencies, will initiative modernization related to reduction, indication integrity, advanced data speed, and power supplies, and product dependability that customers imagine as they project their requests.

• Molex Incorporated and Bridgelux announced the Helieon 120V AC Maintainable Light Module, a next cohort modular solid-state lighting explanation that attaches directly to 120V AC line voltage contribution. Abolishing the need for external motorists not only dramatically streamlines the design-in procedure, but also allows for more efficient and dependable lighting performance.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD2018-2030
BASE YEAR2021
FORECAST PERIOD2022-2030
HISTORICAL PERIOD2018-2020
UNITValue (USD Billion)
KEY COMPANIES PROFILEDPheonix Contact, TE Connectivity, Weidmuller Interface GmbH & Co. KG, Harting Technology Group, Amphenol Sine Systems, Molex Incorporation.
SEGMENTS COVEREDBy Component, By Material Type, By Termination Method, By Application, And By Geography.

Table of content

1 INTRODUCTION OF GLOBAL HEAVY-DUTY CONNECTOR MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources

4 GLOBAL HEAVY-DUTY CONNECTOR MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis

5 GLOBAL HEAVY-DUTY CONNECTOR MARKET, BY COMPONENT
5.1 Overview
5.2 Accessories
5.3 Hoods and Housings
5.4 Inserts and Contacts

6 GLOBAL HEAVY-DUTY CONNECTOR MARKET, BY MATERIAL TYPE
6.1 Overview
6.2 Plastic
6.3 Metal

7 GLOBAL HEAVY-DUTY CONNECTOR MARKET, BY TERMINATION METHOD
7.1 Overview
7.2 Screw
7.3 Crimp
7.4 Others

8 GLOBAL HEAVY-DUTY CONNECTOR MARKET, BY APPLICATION
8.1 Overview
8.2 Railway
8.3 Construction
8.4 Oil & Gas
8.5 Manufacturing
8.6 Others

9 GLOBAL HEAVY-DUTY CONNECTOR MARKET, BY GEOGRAPHY
9.1 Overview
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 U.K.
9.3.3 France
9.3.4 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 Rest of Asia Pacific
9.5 Rest of the World
9.5.1 Latin America
9.5.2 Middle East & Africa

10 GLOBAL HEAVY-DUTY CONNECTOR MARKET COMPETITIVE LANDSCAPE
10.1 Overview
10.2 Company Market Ranking
10.3 Key Development Strategies

11 COMPANY PROFILES

11.1 Pheonix Contact
11.1.1 Overview
11.1.2 Financial Performance
11.1.3 Product Outlook
11.1.4 Key Developments

11.2 TE Connectivity
11.2.1 Overview
11.2.2 Financial Performance
11.2.3 Product Outlook
11.2.4 Key Developments

11.3 Weidmuller Interface GmbH & Co. KG
11.3.1 Overview
11.3.2 Financial Performance
11.3.3 Product Outlook
11.3.4 Key Developments

11.4 Harting Technology Group
11.4.1 Overview
11.4.2 Financial Performance
11.4.3 Product Outlook
11.4.4 Key Developments

11.5 Amphenol Sine Systems
11.5.1 Overview
11.5.2 Financial Performance
11.5.3 Product Outlook
11.5.4 Key Developments

11.6 Molex Incorporation
11.6.1 Overview
11.6.2 Financial Performance
11.6.3 Product Outlook
11.6.4 Key Developments

11.7 ITT Cannon LLC
11.7.1 Overview
11.7.2 Financial Performance
11.7.3 Product Outlook
11.7.4 Key Developments

11.8 Weiland Electric
11.8.1 Overview
11.8.2 Financial Performance
11.8.3 Product Outlook
11.8.4 Key Developments

11.9 ODU GmbH &Co.KG
11.9.1 Overview
11.9.2 Financial Performance
11.9.3 Product Outlook
11.9.4 Key Developments

11.10 Lapp Group
11.10.1 Overview
11.10.2 Financial Performance
11.10.3 Product Outlook
11.10.4 Key Developments

12 KEY DEVELOPMENTS
12.1 Product Launches/Developments
12.2 Mergers and Acquisitions
12.3 Business Expansions
12.4 Partnerships and Collaborations

13 Appendix
13.1 Related Research

Segmentation

By Component

• Accessories
• Hoods and Housings
• Inserts and Contacts

By Material Type

• Plastic
• Metal

By Termination Method

• Screw
• Crimp
• Others

By Application

• Manufacturing
• Railway
• Construction
• Oil & Gas
• Others

Major Companies

Pheonix Contact, TE Connectivity, Weidmuller Interface GmbH & Co. KG, Harting Technology Group, Amphenol Sine Systems, Molex Incorporation.

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