PUBLISHER: The Business Research Company | PRODUCT CODE: 1669701
PUBLISHER: The Business Research Company | PRODUCT CODE: 1669701
High voltage wiring connectors are specialized components designed to connect and transmit electrical power in high voltage circuits, typically exceeding 1,000 volts. They are utilized in applications such as electric vehicles, industrial equipment, and power systems, ensuring safe and reliable energy transfer. These connectors offer several advantages, including enhanced safety and increased durability.
The primary products within the category of high-voltage wiring connectors include crimp-on connectors, plug and socket connectors, component and device connectors, blade connectors, and other variations. Crimp-on connectors represent a type of electrical connector that is affixed to a wire through crimping or compressing it onto the conductor. These connectors find applications in diverse sectors such as electric vehicles, renewable energy systems, aerospace, industrial equipment, and telecommunications. They serve various industries, including automotive, energy, aerospace and defense, consumer electronics, healthcare, among others.
The high-voltage wiring connectors research report is one of a series of new reports from The Business Research Company that provides high-voltage wiring connectors market statistics, including the high-voltage wiring connectors industry's global market size, regional shares, competitors with high-voltage wiring connectors market share, detailed high-voltage wiring connectors market segments, market trends and opportunities, and any further data you may need to thrive in the high-voltage wiring connectors industry. This high-voltage wiring connectors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The high voltage wiring connectors market size has grown strongly in recent years. It will grow from $3.81 billion in 2024 to $4.05 billion in 2025 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to industrialization, growth in the energy sector, expansion of the manufacturing sector, increasing urbanization, rising demand for electricity
The high voltage wiring connectors market size is expected to see strong growth in the next few years. It will grow to $5.19 billion in 2029 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to integration of renewable energy sources, electrification of transportation systems, development of high-voltage direct current (hvdc) transmission, increased demand for electric vehicles, upgradation of aging power infrastructure. Major trends in the forecast period include adoption of superconducting materials in high-voltage wiring, growth of offshore wind power transmission, integration of digital technologies in high-voltage systems, development of lightweight and high-performance materials for wiring, implementation of smart sensing and monitoring in power transmission.
The rising demand for electric vehicles (EVs) is anticipated to drive the growth of the high-voltage wiring connectors market in the coming years. EVs are powered by one or more electric motors, utilizing electricity stored in batteries or fuel cells rather than relying on internal combustion engines that use fossil fuels. To ensure efficient power transmission and robust charging infrastructure, high-voltage wiring connectors play a critical role in facilitating the safe and reliable transfer of high-voltage power within these vehicles. For example, in June 2024, the International Energy Agency, a France-based autonomous intergovernmental organization, reported significant growth in the electric car market, with sales nearing 14 million units in 2023. The share of electric cars in total vehicle sales increased from approximately 4% in 2020 to 18% in 2023. This upward trend in EV sales is expected to continue into 2024, with over 3 million electric cars sold in the first quarter alone. Consequently, the increasing demand for electric vehicles is fueling the growth of the high-voltage wiring connectors market.
The growing focus on infrastructure development is expected to drive the expansion of the high-voltage wiring connectors market in the future. Infrastructure development involves the construction and enhancement of essential services and facilities within a region, aimed at promoting economic growth and improving the quality of life. High-voltage wiring connectors are crucial for industries such as aviation, telecommunications, energy, and transportation, as they enable the safe and efficient transmission of electricity in high-voltage applications. For example, in July 2024, the Office for National Statistics, a UK-based government department, reported that total market sector investment in infrastructure reached £13.8 billion ($17.9 billion) in 2023, representing a 3.9% increase from 2022. Additionally, total government investment in infrastructure rose by 9.6% in 2022, amounting to £26.0 billion ($33.73 billion) in current prices compared to the previous year. As a result, the increasing emphasis on infrastructure development is fueling the growth of the high-voltage wiring connectors market.
Leading companies in the high-voltage wiring connector market are concentrating on creating innovative products that enhance stability for improved cable-to-connector performance. Enhanced stability signifies the improved capacity of a system, product, or material to preserve its structure, properties, or functionality over time and under varying conditions. For example, in July 2023, ABB, a Switzerland-based manufacturer of automation machinery, launched high-voltage connectors specifically tailored for heavy-duty electric vehicles. This new line includes hinged high-voltage connector backshells designed to improve wiring and cable management. These connectors offer increased stability and protection against environmental factors such as high temperatures, abrasion, and corrosion. Additionally, their tamper-proof design ensures secure connections, while color coding facilitates easy identification of high-voltage components. This innovation is aimed at supporting the rising demand for electric vehicles in the transportation sector.
Major players in the high-voltage wiring connectors market are strategically investing in digital and smart grid technologies for power distribution to bolster their revenues. Smart grid technologies involve the incorporation of advanced digital communication and information technologies into traditional electrical grid infrastructure. A case in point is ABB Ltd., a Sweden-based corporation, which launched the Protecta Power panel board in November 2023. This innovative panel board integrates state-of-the-art digital monitoring and control technology, catering to intelligent electrical distribution in commercial, institutional, and infrastructure settings. Complying with BS EN 61439 safety standards for Form 4, types 2 and 6, the Protecta Power panel board provides incoming and outgoing current ratings of 800A and 630A, respectively, ensuring reliable power distribution.
In July 2022, Littelfuse, Inc., a US-based electronics firm, acquired C&K Switches for an undisclosed sum. This acquisition is intended to enhance Littelfuse's product offerings in the electromechanical switch market. By integrating C&K Switches, Littelfuse aims to expand its range of switch technologies and reinforce its position within the industrial, transportation, and electronics sectors. C&K Switches is also a US-based company specializing in electronics manufacturing.
Major companies operating in the high voltage wiring connectors market include Sumitomo Electric Industries Ltd., ABB Ltd., Eaton Corporation, TE Connectivity Ltd., BorgWarner Inc, Yazaki Corporation, Amphenol Corporation, Molex LLC, Nexans S.A., Phoenix Contact GmbH & Co. KG, Hubbell Incorporated, ITT Inc., Hirose Electric Co. Ltd., Staubli International AG. , HARTING Technology Group, Huber+Suhner AG, Samtec Inc., Smiths Interconnect Inc., Lemo SA, Glenair Inc., Rosenberger Hochfrequenztechnik GmbH & Co. KG, Methode Electronics Inc., Fischer Connectors AG, Teledyne Defense electronics, Travis Pattern & Foundry Inc., J.S.T. Mfg. Co. Ltd., SCHLEICH GmbH, United Universal Industries Inc., Metway Electrical Industries Ltd, Power Dynamics Inc.
Asia-Pacific was the largest region in the high-voltage wiring connectors market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the high voltage wiring connectors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the high voltage wiring connectors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The high-voltage wiring connectors market consists of sales of high-voltage connectors, cable assemblies, terminal blocks, insulators, adapters, and converters. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
High Voltage Wiring Connectors Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on high voltage wiring connectors market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for high voltage wiring connectors ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The high voltage wiring connectors market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.