The future of the global high voltage connector market looks promising with opportunities in the commercial vehicle, and passenger vehicle markets. The global high voltage connector market is expected to reach an estimated $2.9 billion by 2030 with a CAGR of 7.1% from 2024 to 2030. The major drivers for this market are rising demand for electric vehicles (EVs) and hybrid electric vehicles (HEVs), increasing adoption and recognition of cutting-edge automotive safety technologies, and significant transition toward electrification within the automotive sectors.
Some of the key questions
answered in this exclusive report are:
Q.1. What are some of
the most promising, high-growth opportunities for the high voltage connector
market by voltage (800-1,000v, 630-800v, and below 630v), type (multi-pin high
voltage connectors, single-pin high voltage connectors, and others), end use
(commercial vehicles, passenger vehicles, and others), and region (North
America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will
grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and
why?
Q.4. What are the key
factors affecting market dynamics? What are the key challenges and business
risks in this market?
Q.5. What are the
business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market
and the reasons behind them?
Q.7. What are some of
the changing demands of customers in the market?
Q.8. What are the new
developments in the market? Which companies are leading these developments?
Q.9. Who are the major
players in this market? What strategic initiatives are key players pursuing for
business growth?
Q.10. What are some of
the competing products in this market and how big of a threat do they pose for
loss of market share by material or product substitution?
Q.11. What M&A
activity has occurred in the last 5 years and what has its impact been on the
industry?
Market Segmentation:
In this market,
multi-pin high voltage connector and single-pin high voltage connector are the
major segments of high voltage connector market by type. Lucintel forecasts
that single-pin high voltage connector is expected to witness higher growth
over the forecast period because these high voltage connector are versatile,
offered as cable assemblies, and are designed to accommodate protective
shielding, as well as , they feature single-pin configurations with a range of
mounting options and gaskets, making them suitable for various system designs.
Within this market, passenger vehicle will remain the largest segment over the forecast
period because it is offering flexibility in both departure times and
destinations, these services simplify the process of accommodating specific
schedules and preferences, as well as, rising sales of passenger cars in
developing nations.
APAC is expected to
witness highest growth over the forecast period due to presence of advanced
technology manufacturers and product developers, increasing adoption of
electric vehicles in developing countries is creating market opportunities for
power connection producers in this region.
Hirose Electric, TE
Connectivity, Sumitomo Electric, Continental Engineering Services, Amphenol,
Aptiv, Molex, Rosenberger, and Fujikura are the major suppliers in the high
voltage connector market.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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