PUBLISHER: The Business Research Company | PRODUCT CODE: 1705564
PUBLISHER: The Business Research Company | PRODUCT CODE: 1705564
Panel rack mount power connectors are custom connectors engineered for simple and secure attachment to panels or racks for power supply connections. These connectors are crucial for dependable power distribution and management, boasting sturdy construction, high current-handling capabilities, and suitability for standard rack mounting setups, thereby constituting vital elements in power distribution networks.
The primary categories of panel rack mount power connectors comprise alternating current (AC) and direct current (DC) variants. AC power connectors facilitate the transmission of AC power from a power source to diverse devices, equipment, and systems. These connectors find utility across multiple sectors including information technology (IT) and telecommunications, consumer electronics, industrial automation, automotive, aerospace and defense, healthcare, among others, for applications such as server racks and data centers.
The panel rack mount power connector market research report is one of a series of new reports from The Business Research Company that provides panel rack mount power connector market statistics, including the panel rack mount power connector industry global market size, regional shares, competitors with panel rack mount power connector market share, detailed panel rack mount power connector market segments, market trends, and opportunities, and any further data you may need to thrive in the panel rack mount power connector industry. These panel rack mount power connector market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The panel rack mount power connector market size has grown strongly in recent years. It will grow from $3.49 billion in 2024 to $3.71 billion in 2025 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to increased computing power, growth of automation in manufacturing, expansion of telecommunications infrastructure, rise of high-performance computing, and growth in renewable energy installations.
The panel rack mount power connector market size is expected to see strong growth in the next few years. It will grow to $4.68 billion in 2029 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to increased industrial activities, increased urbanization and infrastructure, growth of data centers, increasing use of advanced medical devices, and growing urbanization and infrastructure development. Major trends in the forecast period include advancement in smart grid technology, focus on energy efficiency and sustainability, integration of advanced materials, IoT and IIOT expansion, and technological integration and smart connectors.
The growing popularity of electric vehicles (EVs) is projected to boost the panel rack mount power connector market in the future. EVs are powered by electricity, utilizing electric motors and batteries instead of traditional internal combustion engines fueled by gasoline or diesel. Several factors are contributing to the increased adoption of electric vehicles, such as environmental concerns, advancements in battery technology, government incentives, lower operating costs, and the expansion of charging infrastructure. Panel rack mount power connectors play a crucial role in electric vehicles by providing reliable power connections for EV charging stations, ensuring safe and efficient energy delivery to the vehicle's battery systems. For example, a report by Kelley Blue Book, a Cox Automotive company, published in January 2024, revealed that in 2023, 1.2 million car buyers in the U.S. chose electric vehicles, making up 7.6% of the total vehicle market, up from 5.9% in 2022. As a result, the rising adoption of electric vehicles is fueling the growth of the panel rack mount power connector market.
Major players in the panel rack mount power connector sector are innovating tool-less mounting solutions to streamline installation processes, decrease assembly duration, and enhance overall system efficiency. Tool-less mounting solutions entail inventive designs and mechanisms that facilitate component installation and removal without the necessity of conventional tools. For instance, in April 2022, TE Connectivity, a consumer electronics company based in Switzerland, introduced a rapid and uncomplicated tool-less mounting solution featuring the 369 series sealed panel mount connector. The 369 series connectors offer a spectrum of attributes including high reliability, lightweight construction, compact size, and cost-effectiveness. Specifically engineered for aerospace and aviation applications, this connector boasts features such as straightforward push-in mounting, a secure button latching mechanism, and compatibility with existing 369 connectors.
In August 2024, 4Cabling Pty Ltd., an Australia-based provider of cabling products, acquired 4LAN for an undisclosed sum. Through this acquisition, 4Cabling seeks to broaden its product range and enhance its presence in the data, fiber connectivity, and server rack solutions markets. 4LAN Pty Ltd., also based in Australia, is a network infrastructure company that specializes in offering structured cabling solutions and services.
Major companies operating in the panel rack mount power connector market are TE Connectivity Ltd., Delta Electronics Inc., Amphenol Corporation, Molex LLC, Phoenix Contact GmbH & Co. KG, Lapp Group, Hirose Electric Co. Ltd., Samtec Inc., Smiths Interconnect, HARTING Technology Group, Bel Fuse Inc., LEMO, Glenair Inc., Souriau, ODU GmbH & Co.KG, ITT Inc., Fischer Connectors, Positronic, Schurter Holding AG, Bulgin Limited, Anderson Power Products, Neutrik, Switchcraft and Conxall, CUI Inc., Kycon Inc.
North America was the largest region in the panel rack mount power connector market in 2024. Asia-Pacific is expected to be the fastest expansion region in the forecast period. The regions covered in the panel rack mount power connector market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the panel rack mount power connector market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The panel rack mount power connector market consists of sales of power entry modules, panel mount power connectors, power distribution panels, rack-mounted power distribution units, and accessories and mounting hardware. 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.
Panel Rack Mount Power Connector 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 panel rack mount power connector 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 panel rack mount power connector ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The panel rack mount power connector 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.