According to a recent market study published by Growth Market Reports, titled, “Global Industrial Connector Market by type, by usage, by end-user industry, and by Region: Size, Share, Trends and Opportunity Analysis, 2015-2030”, the market was valued at US$ 7,513.3 Million in 2021 and is anticipated to grow at a growth rate 7.7 % by the year 2030.

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The industrial connector is a type of electrical connector that is designed to be used in harsh environments, such as in factories or industrial settings. These connectors are typically used to connect machines and equipment, including sensors, actuators, and control systems, in order to control and monitor various industrial processes. Industrial connectors are built to withstand harsh conditions, such as high temperatures, vibration, and exposure to dust, moisture, and other contaminants. They are designed to be durable and long-lasting, with sturdy construction that can withstand frequent use and abuse. There are many different types of industrial connectors, including circular connectors, rectangular connectors, and fiber optic connectors. The type of connector to use depends on the specific requirements of the application, including the type of signal being transmitted such as power, data, or control, the operating environment, and the specific industrial standard. Industrial connectors are available in various designs, including D-sub connectors, high-density connectors, and many others. These are used in various applications, such as power & signal transmission, data communication, and control systems in industries such as automation, energy, transportation, and manufacturing. They are often made from durable materials, such as stainless steel, aluminum, and thermoplastics, and are designed with sealing and protection features to prevent contamination and damage. Industrial connectors offer various connectivity options, such as wired, wireless, and optical, to meet the needs of different applications. They come in different sizes, shapes, and pin configurations to accommodate different types of signals, including power, data, and control signals.

The rise of industrial automation and the increasing use of connected devices & machinery in factories and production facilities is driving the demand for industrial connectors. The need for reliable, high-speed data transfer and control systems in automated manufacturing processes is driving growth in the industrial connector market. The demand for industrial connectors is rising, as a growing number of systems are being interconnected with the increasing adoption of industrial automation. The use of industrial connectors ensures the reliability and stability of automated systems. These factors increase the demand for industrial connections in the automation sector. High cost is a restraint on the growth of the industrial connector market. Industrial connectors are specialized components that are used in various industrial applications, including the energy, transportation, and manufacturing sectors. These connectors are typically made of high-quality materials, such as stainless steel, aluminum, and brass, which makes them more expensive than other types of connectors. This poses difficulties for some companies to enter the market and a challenge for customers looking to minimize costs. Industrial connectors are designed to meet specific requirements, such as high voltage, high temperature, and harsh environmental conditions.

The outbreak of coronavirus disease in 2019 (COVID-19) restrained the global economy, created global interdependence, and challenged the governments of various nations. The pandemic raised concerns among economies and businesses by shifting focus to the online supply of consumer electronic gadgets, thereby creating manufacturing issues. The COVID-19 outbreak affected almost every industry. The long-term effects of the pandemic are expected to affect the growth of various industries during the forecast period, especially in, the US, and across Eastern Europe, European Union, and Eastern & Central Asia.

Key Takeaways from the Study:

  • Key players operating in the market Amphenol Corporation, Eaton, Franz Binder GmbH & Co, Elektrische Bauelemente KG, HUBER+SUHNER, ITT Inc., J.S.T. Mfg. Co., Ltd, Lapp Holding AG, Molex, Phoenix Contact GmbH & Co. KG, Radiall, Renhotec Group Ltd, TE Connectivity. These companies are considered key manufacturers of industrial connectors based on their revenue, research development (R&D) activities, regional presence, and supply chain management system.
  • Based on type, the global industrial connector market is segmented into rectangular connectors, circular connectors (M8, M9, M12, M16, M23, M27, and others), and valve connectors. The rectangular connectors segment is projected to expand at a CAGR of XX% during the forecast period. It offers a high-density and compact design that is ideal for applications with limited space, which is expected to increase the demand for rectangular connectors in the industrial sector during the forecast period. The circular connectors segment is projected to expand at a CAGR of XX% during the forecast period. Circular connectors are used in a variety of industrial applications, such as control and monitoring systems, motion control systems, and power distribution systems. It also has high reliability and durability, which makes it suitable for use in harsh industrial environments.
  • On the basis of usage, the global industrial connector market is segregated into data (RJ45, Sub-D, single pair ethernet, and others), power, and signal. The data segment is projected to expand at an XX% CAGR during the forecast period, due to advances in technology, such as the Internet of Things (IoT). Moreover, IoT technologies require high-speed data transmission and reliable connectivity, which drives the demand for data connectors in the industrial sector. The growth is due to the increasing adoption of automation technologies and IoT in industries that are boosting market growth. The Integration of superior connector products in automotive parts like safety and body electronics and powertrains are all set for driving the market growth. The design of miniaturized is the major restraint faced by industrial connectors. Designing in miniaturized with high voltage power connectors and not compromising the durability of the device in harsh environments is the major problem faced by industrial connector manufacturers.
  • In terms of the end-user industry, the global industrial connector market is divided into semiconductor & electronics, automotive, pharmaceutical, food & beverage, oil & gas, chemical, metal & mining, and others. The semiconductor & electronics segment holds a significant share of the industrial connector market with an estimated XX% share, due to the increasing demand for high-speed data transmission and processing in electronic devices. Growing demand for renewable energy sources leads to the increasing demand for power connectors in the electronics industry. The automotive segment is expected to grow at a substantial rate during the forecast period, owing to the growth in the electrification of vehicles. This leads to a high demand for power connectors and a rising demand for lightweight and compact connectors in the automotive industry to save space and reduce weight. There is a huge demand for safety systems in the market and which has a direct as well as indirect positive impact on the demand for industrial connectors. The design of miniaturized is the major restraint faced by industrial connectors. Designing in miniaturized with high voltage power connectors and not compromising durability in harsh environments is the key problem faced by connector manufacturers.
  • Based on regions, the Global Industrial Connector Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific region has been a significant contributor to the growth of the industrial connector market due to rapid industrialization and urbanization, especially in countries such as China, India, and Southeast Asia. Furthermore, The Availability of low-cost labor and raw materials, makes the region an attractive location for manufacturers and is driving the market growth. Europe is projected to grow at a substantial rate due to the growing demand for renewable energy sources, leading to increased demand for power connectors in the UK. In addition, the UK has a thriving industrial sector, which is driving the growth of the industrial connector market in the country. The market for industrial ethernet might experience slow down due to the coming recession in 2023 and 2024. The companies in the industrial ethernet market have a strong base in the North American and European regions. As the recession is expected to have a major impact in these regions, the overall market for industrial ethernet is expected to witness a slow growth rate during the years 2023 and 2024.

Report Scope:

Report Metric

Details

Market Value in 2021

US$ 7,513.3 Million

Market Growth Rate (from 2015 to 2030)

7.7%

Historical Data

2015 to 2020

Base Year

2021

Forecast Period

2022 - 2030

Units Considered

Value (US$ Million)

Market Segments

By Type, By Usage, By End-user Industry

Key Companies Profiled

Amphenol Corporation, Eaton, Franz Binder GmbH & Co, Elektrische Bauelemente KG, HUBER+SUHNER, ITT Inc., J.S.T. Mfg. Co.,Ltd, Lapp Holding AG, Molex, Phoenix Contact GmbH & Co. KG, Radiall, Renhotec Group Ltd, TE Connectivity

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail of tailor-made purchase options to meet your research requirements.

Target Audience:

  • Supply-side: Manufacturer, distributors, wholesaler, and Supplier.
  • Demand Side: Semiconductor & Electronics, Automotive, Pharmaceutical, Food & Beverage, Oil & Gas, Chemical, Metal & Mining, and Others.