Market Leader - Heavy-Duty Connector Market
Certain industries are subject to harsh conditions wherein it is necessary to protect transmitted electric signals and data against electromagnetic influences. Heavy-duty connectors represent complex electromechanical devices designed to protect the machinery used in the harsh industrial environment. They are designed to carry high currents and operate at high voltages. The connector insert, the heart of the heavy-duty connector, is responsible for the electrical functioning and is resistant to frost and vibrations; hence, heavy-duty connectors can be used under the harsh environmental conditions and for the easy distribution of power and signals. The global heavy-duty connector market was valued at USD 2.81 Billion in 2018 and is expected to reach USD 3.51 Billion by 2023, at a CAGR of 4.6% between 2018 and 2023. Factors such as the increase in the importance of industrial safety, rise in the adoption of industrial automation solutions, mandatory functional safety standards and government regulations, and emphasis on energy-efficient manufacturing are driving the growth of the heavy-duty connector market.
The plastic heavy-duty connectors market is expected to witness significant growth during the forecast period. At one time, aluminum was the only option until the advent of plastic heavy-duty connectors. Plastic heavy-duty connectors are considered to be the most reliable and viable option because plastic can be used to create solutions that are lighter, more resilient, and more environmentally friendly. In addition, in many industries, the use of plastic offers advantages over metal. This is likely to contribute to a high CAGR of the hybrid flow market in the near future.
Crimping is the most commonly used efficient method for high-voltage wire termination. It is also a more reliable method to assemble and terminate conductors compared to other termination methods as crimp connectors are fit for applications in industries operating under extreme environmental conditions such as high levels of vibrations and shocks. These are widely adopted in manufacturing, railway, construction, and oil & gas, among other heavy industries. The market for crimp termination is expected to grow at the highest CAGR during the forecast period.
The market for the manufacturing application is expected to grow at the highest rate between 2018 and 2023. With the growing adoption of automation solutions in heavy industries such as automotive, food & beverages, chemicals, and metals, the efficient connectivity to facilitate secure power, signal, and data connections in the harshest environments is essential. Heavy-duty connectors are adopted as they enable power, signal, and data transmission in one system, and they, simultaneously, are capable of withstanding extreme conditions such as moisture, dust, chemical substances, high temperatures, vibrations, and shocks throughout the intended life cycle. Thus, heavy-duty connector solutions are expected to further drive the heavy-duty connector market for the manufacturing application at a significant CAGR during the forecast period.
The heavy-duty connector market in APAC is expected to grow at the highest CAGR during the forecast period. Rapid industrialization, high adoption of automation solutions, and competitive pressure to achieve operational efficiency are fueling the growth of the heavy-duty connector market in APAC. China and Japan have a strong hold on the manufacturing industry and witness a high demand for automation and industrial robotics; moreover, these countries also comprise top manufactures of construction equipment and electric locomotive manufactures. These factors are propelling the growth of the heavy-duty connector market in APAC.
Related Reports:
Heavy-Duty Connector Market by Component (Hood and Housing, Insert and Contact), Material (Metal and Plastic), Termination Method (Crimp and Screw), Application (Manufacturing, Construction, Railway, Oil & Gas, Construction), and Geography - Global Forecast to 2023
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