PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1308764
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1308764
High voltage connectors Market Forecasts to 2030 - Global Analysis By Types (Multi-pin high voltage connectors, Single-pin high voltage connectors & Other Types), Rated Voltage, Number of Positions, Orientation of Connector, End User & By Geography
According to Stratistics MRC, the Global High voltage connectors Market is accounted for $2,117.8 million in 2023 and is expected to reach $5,364.8 million by 2030 growing at a CAGR of 14.2% during the forecast period. High voltage (HV) applications in AC, DC, and RF are the most common use cases for HV connectors. These connectors enable the transmission of high voltage signals without endangering the safety of the operators. A high voltage connector is one that can handle more than 1 kVAC. In critical-risk environments like those found in the medical, aerospace, and test & measurement industries, high voltage connector solutions guarantee efficiency and safety.
According to International Energy Outlook 2021 published by Energy Information Administration (EIA), global energy consumption is expected to grow by nearly 50% by 2050.
Market Dynamics:
Driver:
Increasing demand for electric vehicles
Alternatives to conventional mechanical fastenings include high voltage connections, which offer a quicker and more secure connection. Longer battery life and higher performance for the vehicle may result from this. Excellent high voltage connector quality also offers alternatives for mating and unmating connectors that are simple to use. Additionally, stylish, lightweight, and portable, these high voltage connectors offer such qualities. So, it is anticipated that the market will see significant demand as the demand for electric vehicles rises.
Restraint:
High voltage connector design challenges
At greater voltages, there may be issues due to the connector design, operating circumstances, and mechanical construction. Corona discharge happens when the area around the high voltage conductors is highly charged and ionised. When an electrical stress results in a dielectric's molecular structure breaking down, arcing happens in high voltage conductors. When the insulator fails, electrical sparks result from current flowing from the high voltage wire to the ground, preventing market growth.
Opportunity:
Increased efficiency and enhanced safety
These connectors offer greater efficiency because there is less resistance and power loss. This results in financial savings for the owner. Wear and tear, vibration, and corrosion are less likely to cause these connectors to malfunction. As a result, they are more dependable and secure than conventional mechanical fastenings, which may become loosened over time and result in an electrical short circuit or other problems. Therefore, these are the elements driving the market's expansion.
Threat:
High initial cost
The expense of insulting the conductors rises with high voltage. Transformers, switches, and other electrical components, such as circuit breakers, are more expensive when there is high voltage. Since higher voltages carry a higher risk, strict safety measures are needed. However, it is anticipated that a shortage of skilled workforce may impede the market's expansion in the production of high voltage connections.
COVID-19 Impact:
The sudden advent of the COVID-19 pandemic undoubtedly put many industries on hold, which increased the availability of work from home opportunities globally. As a result, there was an increase in demand for consumer electronics including tablets, laptops, and smartphones on the global market. High-speed and compact power connectors are needed for aerospace and military applications in order to link equipment with power in constrained spaces, maintaining safety and supplying enough power for adaptive control systems, auto emergency breaking, etc.
The single-pin high voltage connectors segment is expected to be the largest during the forecast period:
The single-pin high voltage connectors segment is estimated to have a lucrative growth, due to its benefits like they are available as cable-assembly, protective shield feasible. The single pin high voltage connectors come with a variety of mounting options and gaskets to fit any system design, and they are appropriate for applications with operating voltage up to 100kVDC. With mating cycles up to 100k and high performance PTFE insulating material available.
The passenger vehicles segment is expected to have the highest CAGR during the forecast period:
The passenger vehicles segment is anticipated to witness the fastest CAGR growth during the forecast period, due to increasing sales of cars. Personal vehicles are provided by passenger vehicles, enabling single people or small groups to travel at their own discretion. They provide flexibility in departure times and directions, making it simpler to work with particular schedules and preferences. The market is expanding due to an increase in the sales of passenger cars in developing countries.
Region with Largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the presence of advanced technology manufacturers and product developer. Electric vehicle adoption in developing nations is expanding, providing a plethora of market potential for power connection producers. The adoption of electric vehicles as a result of growing public concern over air pollution has increased demand for power connectors in automotive applications.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period, owing to large number of fine automotive manufacturers. Growing investments have been seen in the setup of production facilities for both industrial and consumer electronics. During the projected period, it is anticipated that a strong automotive sector, an increase in the number of electric and hybrid vehicles, and government measures will sustain demand throughout the region.
Key players in the market
Some of the key players profiled in the High Voltage Connectors Market include Hirose Electric Co., Ltd., TE Connectivity, Sumitomo Electric Industries Ltd., Continental Engineering Services, Amphenol Corporation, Aptiv, Molex, Rosenberger Group, JST, Fujikura Ltd., Yazaki Corporation and Koch Enterprises Inc.
Key Developments:
In June 2023, TE Connectivity (TE), a world leader in connectivity and sensors, partners with tacterion, a leading tactile sensing company based in Munich, aiming to provide smart touch and force sensor technology supporting the digitization of industrial processes.
In March 2023, Sumitomo Electric Industries, Ltd. and US Conec Ltd. announce the execution of a definitive license agreement enabling Sumitomo Electric Lightwave, Corp. to manufacture MMC connector and TMT ferrule components for the deployment of next-generation, high-density, multi-fiber cabling solutions.
Types Covered:
- Multi-pin high voltage connectors
- Single-pin high voltage connectors
- Other Types
Rated Voltages Covered:
- 800-1,000V
- 630-800V
- Below 630V
Number of Positions Covered:
- 6 and Above
- 4 to 5
- Between 1-3
Orientation of Connectors Covered:
- Right Angle
- Straight
End Users Covered:
- Commercial vehicles
- Passenger vehicles
- Other End Users
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 End User Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global High voltage connectors Market, By Type
- 5.1 Introduction
- 5.2 Multi-pin high voltage connectors
- 5.3 Single-pin high voltage connectors
- 5.4 Other Types
6 Global High voltage connectors Market, By Rated Voltage
- 6.1 Introduction
- 6.2 800-1,000V
- 6.3 630-800V
- 6.4 Below 630V
7 Global High voltage connectors Market, By Number of Positions
- 7.1 Introduction
- 7.2 6 and Above
- 7.3 4 to 5
- 7.4 Between 1-3
8 Global High voltage connectors Market, By Orientation of Connector
- 8.1 Introduction
- 8.2 Right Angle
- 8.3 Straight
9 Global High voltage connectors Market, By End User
- 9.1 Introduction
- 9.2 Commercial vehicles
- 9.3 Passenger vehicles
- 9.4 Other End Users
10 Global High voltage connectors Market, By Geography
- 10.1 Introduction
- 10.2 North America
- 10.2.1 US
- 10.2.2 Canada
- 10.2.3 Mexico
- 10.3 Europe
- 10.3.1 Germany
- 10.3.2 UK
- 10.3.3 Italy
- 10.3.4 France
- 10.3.5 Spain
- 10.3.6 Rest of Europe
- 10.4 Asia Pacific
- 10.4.1 Japan
- 10.4.2 China
- 10.4.3 India
- 10.4.4 Australia
- 10.4.5 New Zealand
- 10.4.6 South Korea
- 10.4.7 Rest of Asia Pacific
- 10.5 South America
- 10.5.1 Argentina
- 10.5.2 Brazil
- 10.5.3 Chile
- 10.5.4 Rest of South America
- 10.6 Middle East & Africa
- 10.6.1 Saudi Arabia
- 10.6.2 UAE
- 10.6.3 Qatar
- 10.6.4 South Africa
- 10.6.5 Rest of Middle East & Africa
11 Key Developments
- 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 11.2 Acquisitions & Mergers
- 11.3 New Product Launch
- 11.4 Expansions
- 11.5 Other Key Strategies
12 Company Profiling
- 12.1 Hirose Electric Co., Ltd.
- 12.2 TE Connectivity
- 12.3 Sumitomo Electric Industries Ltd.
- 12.4 Continental Engineering Services
- 12.5 Amphenol Corporation
- 12.6 Aptiv
- 12.7 Molex
- 12.8 Rosenberger Group
- 12.9 JST
- 12.10 Fujikura Ltd.
- 12.11 Yazaki Corporation
- 12.12 Koch Enterprises Inc
List of Tables
- Table 1 Global High voltage connectors Market Outlook, By Region (2021-2030) ($MN)
- Table 2 Global High voltage connectors Market Outlook, By Type (2021-2030) ($MN)
- Table 3 Global High voltage connectors Market Outlook, By Multi-pin high voltage connectors (2021-2030) ($MN)
- Table 4 Global High voltage connectors Market Outlook, By Single-pin high voltage connectors (2021-2030) ($MN)
- Table 5 Global High voltage connectors Market Outlook, By Other Types (2021-2030) ($MN)
- Table 6 Global High voltage connectors Market Outlook, By Rated Voltage (2021-2030) ($MN)
- Table 7 Global High voltage connectors Market Outlook, By 800-1,000V (2021-2030) ($MN)
- Table 8 Global High voltage connectors Market Outlook, By 630-800V (2021-2030) ($MN)
- Table 9 Global High voltage connectors Market Outlook, By Below 630V (2021-2030) ($MN)
- Table 10 Global High voltage connectors Market Outlook, By Number of Positions (2021-2030) ($MN)
- Table 11 Global High voltage connectors Market Outlook, By 6 and Above (2021-2030) ($MN)
- Table 12 Global High voltage connectors Market Outlook, By 4 to 5 (2021-2030) ($MN)
- Table 13 Global High voltage connectors Market Outlook, By Between 1-3 (2021-2030) ($MN)
- Table 14 Global High voltage connectors Market Outlook, By Orientation of Connector (2021-2030) ($MN)
- Table 15 Global High voltage connectors Market Outlook, By Right Angle (2021-2030) ($MN)
- Table 16 Global High voltage connectors Market Outlook, By Straight (2021-2030) ($MN)
- Table 17 Global High voltage connectors Market Outlook, By End User (2021-2030) ($MN)
- Table 18 Global High voltage connectors Market Outlook, By Commercial vehicles (2021-2030) ($MN)
- Table 19 Global High voltage connectors Market Outlook, By Passenger vehicles (2021-2030) ($MN)
- Table 20 Global High voltage connectors Market Outlook, Other End Users (2021-2030) ($MN)
- Table 21 North America High voltage connectors Market Outlook, By Country (2021-2030) ($MN)
- Table 22 North America High voltage connectors Market Outlook, By Type (2021-2030) ($MN)
- Table 23 North America High voltage connectors Market Outlook, By Multi-pin high voltage connectors (2021-2030) ($MN)
- Table 24 North America High voltage connectors Market Outlook, By Single-pin high voltage connectors (2021-2030) ($MN)
- Table 25 North America High voltage connectors Market Outlook, By Other Types (2021-2030) ($MN)
- Table 26 North America High voltage connectors Market Outlook, By Rated Voltage (2021-2030) ($MN)
- Table 27 North America High voltage connectors Market Outlook, By 800-1,000V (2021-2030) ($MN)
- Table 28 North America High voltage connectors Market Outlook, By 630-800V (2021-2030) ($MN)
- Table 29 North America High voltage connectors Market Outlook, By Below 630V (2021-2030) ($MN)
- Table 30 North America High voltage connectors Market Outlook, By Number of Positions (2021-2030) ($MN)
- Table 31 North America High voltage connectors Market Outlook, By 6 and Above (2021-2030) ($MN)
- Table 32 North America High voltage connectors Market Outlook, By 4 to 5 (2021-2030) ($MN)
- Table 33 North America High voltage connectors Market Outlook, By Between 1-3 (2021-2030) ($MN)
- Table 34 North America High voltage connectors Market Outlook, By Orientation of Connector (2021-2030) ($MN)
- Table 35 North America High voltage connectors Market Outlook, By Right Angle (2021-2030) ($MN)
- Table 36 North America High voltage connectors Market Outlook, By Straight (2021-2030) ($MN)
- Table 37 North America High voltage connectors Market Outlook, By End User (2021-2030) ($MN)
- Table 38 North America High voltage connectors Market Outlook, By Orientation of Connector (2021-2030) ($MN)
- Table 39 North America High voltage connectors Market Outlook, By Right Angle (2021-2030) ($MN)
- Table 40 North America High voltage connectors Market Outlook, By Straight (2021-2030) ($MN)
- Table 41 Europe High voltage connectors Market Outlook, By Country (2021-2030) ($MN)
- Table 42 Europe High voltage connectors Market Outlook, By Type (2021-2030) ($MN)
- Table 43 Europe High voltage connectors Market Outlook, By Multi-pin high voltage connectors (2021-2030) ($MN)
- Table 44 Europe High voltage connectors Market Outlook, By Single-pin high voltage connectors (2021-2030) ($MN)
- Table 45 Europe High voltage connectors Market Outlook, By Other Types (2021-2030) ($MN)
- Table 46 Europe High voltage connectors Market Outlook, By Rated Voltage (2021-2030) ($MN)
- Table 47 Europe High voltage connectors Market Outlook, By 800-1,000V (2021-2030) ($MN)
- Table 48 Europe High voltage connectors Market Outlook, By 630-800V (2021-2030) ($MN)
- Table 49 Europe High voltage connectors Market Outlook, By Below 630V (2021-2030) ($MN)
- Table 50 Europe High voltage connectors Market Outlook, By Number of Positions (2021-2030) ($MN)
- Table 51 Europe High voltage connectors Market Outlook, By 6 and Above (2021-2030) ($MN)
- Table 52 Europe High voltage connectors Market Outlook, By 4 to 5 (2021-2030) ($MN)
- Table 53 Europe High voltage connectors Market Outlook, By Between 1-3 (2021-2030) ($MN)
- Table 54 Europe High voltage connectors Market Outlook, By Orientation of Connector (2021-2030) ($MN)
- Table 55 Europe High voltage connectors Market Outlook, By Right Angle (2021-2030) ($MN)
- Table 56 Europe High voltage connectors Market Outlook, By Straight (2021-2030) ($MN)
- Table 57 Europe High voltage connectors Market Outlook, By End User (2021-2030) ($MN)
- Table 58 Europe High voltage connectors Market Outlook, By Commercial vehicles (2021-2030) ($MN)
- Table 59 Europe High voltage connectors Market Outlook, By Orientation of Connector (2021-2030) ($MN)
- Table 60 Europe High voltage connectors Market Outlook, By Right Angle (2021-2030) ($MN)
- Table 61 Asia Pacific High voltage connectors Market Outlook, By Country (2021-2030) ($MN)
- Table 62 Asia Pacific High voltage connectors Market Outlook, By Type (2021-2030) ($MN)
- Table 63 Asia Pacific High voltage connectors Market Outlook, By Multi-pin high voltage connectors (2021-2030) ($MN)
- Table 64 Asia Pacific High voltage connectors Market Outlook, By Single-pin high voltage connectors (2021-2030) ($MN)
- Table 65 Asia Pacific High voltage connectors Market Outlook, By Other Types (2021-2030) ($MN)
- Table 66 Asia Pacific High voltage connectors Market Outlook, By Rated Voltage (2021-2030) ($MN)
- Table 67 Asia Pacific High voltage connectors Market Outlook, By 800-1,000V (2021-2030) ($MN)
- Table 68 Asia Pacific High voltage connectors Market Outlook, By 630-800V (2021-2030) ($MN)
- Table 69 Asia Pacific High voltage connectors Market Outlook, By Below 630V (2021-2030) ($MN)
- Table 70 Asia Pacific High voltage connectors Market Outlook, By Number of Positions (2021-2030) ($MN)
- Table 71 Asia Pacific High voltage connectors Market Outlook, By 6 and Above (2021-2030) ($MN)
- Table 72 Asia Pacific High voltage connectors Market Outlook, By 4 to 5 (2021-2030) ($MN)
- Table 73 Asia Pacific High voltage connectors Market Outlook, By Between 1-3 (2021-2030) ($MN)
- Table 74 Asia Pacific High voltage connectors Market Outlook, By Orientation of Connector (2021-2030) ($MN)
- Table 75 Asia Pacific High voltage connectors Market Outlook, By Right Angle (2021-2030) ($MN)
- Table 76 Asia Pacific High voltage connectors Market Outlook, By Straight (2021-2030) ($MN)
- Table 77 Asia Pacific High voltage connectors Market Outlook, By End User (2021-2030) ($MN)
- Table 78 Asia Pacific High voltage connectors Market Outlook, By Commercial vehicles (2021-2030) ($MN)
- Table 79 Asia Pacific High voltage connectors Market Outlook, By Passenger vehicles (2021-2030) ($MN)
- Table 80 Asia Pacific High voltage connectors Market Outlook, By 6 and Above (2021-2030) ($MN)
- Table 81 South America High voltage connectors Market Outlook, By Country (2021-2030) ($MN)
- Table 82 South America High voltage connectors Market Outlook, By Type (2021-2030) ($MN)
- Table 83 South America High voltage connectors Market Outlook, By Multi-pin high voltage connectors (2021-2030) ($MN)
- Table 84 South America High voltage connectors Market Outlook, By Single-pin high voltage connectors (2021-2030) ($MN)
- Table 85 South America High voltage connectors Market Outlook, By Other Types (2021-2030) ($MN)
- Table 86 South America High voltage connectors Market Outlook, By Rated Voltage (2021-2030) ($MN)
- Table 87 South America High voltage connectors Market Outlook, By 800-1,000V (2021-2030) ($MN)
- Table 88 South America High voltage connectors Market Outlook, By 630-800V (2021-2030) ($MN)
- Table 89 South America High voltage connectors Market Outlook, By Below 630V (2021-2030) ($MN)
- Table 90 South America High voltage connectors Market Outlook, By Number of Positions (2021-2030) ($MN)
- Table 91 South America High voltage connectors Market Outlook, By 6 and Above (2021-2030) ($MN)
- Table 92 South America High voltage connectors Market Outlook, By 4 to 5 (2021-2030) ($MN)
- Table 93 South America High voltage connectors Market Outlook, By Between 1-3 (2021-2030) ($MN)
- Table 94 South America High voltage connectors Market Outlook, By Orientation of Connector (2021-2030) ($MN)
- Table 95 South America High voltage connectors Market Outlook, By Right Angle (2021-2030) ($MN)
- Table 96 South America High voltage connectors Market Outlook, By Straight (2021-2030) ($MN)
- Table 97 South America High voltage connectors Market Outlook, By End User (2021-2030) ($MN)
- Table 98 South America High voltage connectors Market Outlook, By Commercial vehicles (2021-2030) ($MN)
- Table 99 South America High voltage connectors Market Outlook, By Passenger vehicles (2021-2030) ($MN)
- Table 100 South America High voltage connectors Market Outlook, Other End Users (2021-2030) ($MN)
- Table 101 Middle East & Africa High voltage connectors Market Outlook, By Country (2021-2030) ($MN)
- Table 102 Middle East & Africa High voltage connectors Market Outlook, By Type (2021-2030) ($MN)
- Table 103 Middle East & Africa High voltage connectors Market Outlook, By Multi-pin high voltage connectors (2021-2030) ($MN)
- Table 104 Middle East & Africa High voltage connectors Market Outlook, By Single-pin high voltage connectors (2021-2030) ($MN)
- Table 105 Middle East & Africa High voltage connectors Market Outlook, By Other Types (2021-2030) ($MN)
- Table 106 Middle East & Africa High voltage connectors Market Outlook, By Rated Voltage (2021-2030) ($MN)
- Table 107 Middle East & Africa High voltage connectors Market Outlook, By 800-1,000V (2021-2030) ($MN)
- Table 108 Middle East & Africa High voltage connectors Market Outlook, By 630-800V (2021-2030) ($MN)
- Table 109 Middle East & Africa High voltage connectors Market Outlook, By Below 630V (2021-2030) ($MN)
- Table 110 Middle East & Africa High voltage connectors Market Outlook, By Number of Positions (2021-2030) ($MN)
- Table 111 Middle East & Africa High voltage connectors Market Outlook, By 6 and Above (2021-2030) ($MN)
- Table 112 Middle East & Africa High voltage connectors Market Outlook, By 4 to 5 (2021-2030) ($MN)
- Table 113 Middle East & Africa High voltage connectors Market Outlook, By Between 1-3 (2021-2030) ($MN)
- Table 114 Middle East & Africa High voltage connectors Market Outlook, By Orientation of Connector (2021-2030) ($MN)
- Table 115 Middle East & Africa High voltage connectors Market Outlook, By Right Angle (2021-2030) ($MN)
- Table 116 Middle East & Africa High voltage connectors Market Outlook, By Straight (2021-2030) ($MN)
- Table 117 Middle East & Africa High voltage connectors Market Outlook, By End User (2021-2030) ($MN)
- Table 118 Middle East & Africa High voltage connectors Market Outlook, By Commercial vehicles (2021-2030) ($MN)
- Table 119 Middle East & Africa High voltage connectors Market Outlook, By Passenger vehicles (2021-2030) ($MN)
- Table 120 Middle East & Africa High voltage connectors Market Outlook, Other End Users (2021-2030) ($MN)
