The Next Big Thing In Heavy-Duty Connector Market 2023 Is Here (3.51 Billion USD Market) – Global Reporting

“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″

Wiring

The heavy-duty connector market is expected to grow from USD 2.81 Billion in 2018 and reach a value of USD 3.51 Billion by 2023, at a CAGR of 4.6% during the forecast period.

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.

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.

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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.

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.

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Author: marketsandmarkets

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