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High Power Connectors Market

High Power Connectors Market Analysis, By Pole (Single Pole Connectors, Multi Pole Connectors), By Mounting Type (Board, Cable, Panel Mount), By Current Rating (Up to 100A, 100-200A, 200-300A, 300-400A, Above 400A), By End-use, By Region - Global Market Insights 2022 to 2032

Analysis of High Power Connectors market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

High Power Connectors Market Outlook (2022-2032)

The global high power connectors market is set to surpass a valuation of US$ 4.6 billion in 2022 and expand at a CAGR of 6.1% to reach US$ 8.3 billion by the end of 2032.

Sales of high power connectors accounted for nearly 7% share of the global power connectors market at the end of 2021.

Report Attributes

Details

High Power Connectors Market Size (2021A)

US$ 4.4 Billion

Estimated Market Value (2022E)

US$ 4.6 Billion

Forecasted Market Value (2032F)

US$ 8.3 Billion

Global Market Growth Rate (2022-2032)

6.1% CAGR

North America Market Share (2021)

~22.0%

East Asia Market Growth Rate (2022-2032)

~6.3% CAGR

United States Market Growth Rate (2022-2032)

~5.5% CAGR

Market Share of Top 5 Companies

~28.3%

Key Companies Profiled

  • ABB
  • Amphenol
  • Anderson Power Products
  • Aptiv
  • Foxconn
  • Harting
  • Harwin
  • Hirose Electric Co. Ltd
  • ITT Cannon
  • Japan Aviation Electronics
  • Japan Solderless Terminal
  • Luxshare ICT
  • Molex
  • Radiall
  • Renhotec
  • Rosenberger
  • Smiths Interconnect
  • Souriau Sunbank
  • TE Connectivity
  • Valentini
  • Yazaki

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Sales Analysis of High Power Connectors (2017-2021) Vs. Market Outlook (2022-2032)

High power requirement has been in high demand from vivid end-use industries such as aerospace & defense, industrial manufacturing, and others. Power connections serve as the fundamental link between a device and its power source. The power connectors are utilized in a virtually endless list of applications, including industrial manufacturing, aerospace & defense, electronics & electricals, energy & power, marine & shipbuilding, and so forth.

High power connectors or heavy-duty connectors are typically employed when a significant amount of electricity needs to be transferred through them. Power connectors can be tailored to fulfill application-specific needs in terms of shape, capacity, application, and working environment for several end-use verticals.

  • Short Term (2022 Q2 to 2025): Unceasing trend towards heightened system power to positively impact high power connectors market growth.
  • Medium Term (2025-2028): Abundant growth in end-use application sectors as a result of industry 4.0 revolution and smarter technologies resulting in increased need for power density.
  • Long Term (2028-2032): As the world would adopt more electric & environment-friendly technologies, sales of high power connectors are expected to reach a new high.

Between 2017 and 2021, the global high power connectors market expanded at a CAGR of 1.6%. According to Fact.MR, a market research and competitive intelligence provider, high power connector sales are predicted to surge at 6.1% CAGR through 2032.

High power connectors market forecast by Fact.MR

Market share analysis of high power connectors based on application and region is provided in the above image. Under the application segment, the industrial & manufacturing sub-segment currently dominates with 25.1% market share.

High Power Connectors Market

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Why is Demand for High Power Connectors Rising Rapidly?

“Demand for New Levels of Aerospace & Defense Power Connectivity”

Since power requirements are constantly rising, power management has become vital for different systems in end-use industries. High power connectors are best suited for certain applications where the requirement is seamless power transfer. Aerospace and military application needs compact high power connectors to connect devices with electricity in small space and operate at higher efficiency

Power connectors facilitate a constant supply of high-speed power and help maintain safety, auto emergency braking, and other vital functions for the devices. Thus, the surging need for compact high power in small spaces in aerospace and defense applications is leading to the increased demand for power connectors across the world.

“Greater Power & Portability in Extreme Environments”

Aggressors such as extreme temperatures, vibrations, shocks, abrasion, and wet or muddy conditions are usual in the end-use industries where high power connectors find their application. The ruggedized power connectors are designed and improved to be vibration and shock resistant, extreme temperature resistant, corrosion and chemical resistant as well as radiation-resistant.

Hence to satisfy the requirement of greater power and more portability in harsher environments, demand for high power connectors is expected to increase in the future.

“Rising Blockchain Technology Driving Higher Adoption of High Power Connectors”

Blockchain technology has matured tremendously and it is anticipated to register a massive CAGR of 84% over the decade.

The energy requirement for blockchain technology is very high due to the need for higher computational power. For instance, bitcoin cryptocurrency based on blockchain technology alone consumes estimated electricity of around 150 terawatt-hours annually.

Such high electricity and safety requirements are satisfied by high power connectors hence, generating parallel growth opportunities for the high power connectors market.

“Advanced E-Mobility Engineering to Push Product Sales”

Increase in the use of electric vehicles has led to the growing demand for high power connectors. With advancing high power technology, long charging times are getting a thing of the past.

High power connectors are playing important role in making EV charging stations more efficient. Bigger systems such as boats, lorries, and buses are handing even greater loads. This growth will continue over the coming years as electric powertrains are developed and reach maturity.

“Rising Global Demand for Industrial Automation & Robotics”

  • On the global level, global energy consumption is expected to grow by nearly 50% by 2050, according to International Energy Outlook 2021 published by Energy Information Administration (EIA).

To meet the goals of Nationally Determined Contributions, electricity consumption is anticipated to surge 80–90% globally by 2050. The Paris Agreement, which aimed to cut national emissions and prepare for the effects of climate change, established these objectives.

Power connectors are currently the most widely used form of connectors in the electrification of applications, which has prompted the interconnect sector to compete to develop connectors capable of transmitting more power.

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

What Constraint Do High Power Connectors Producers Face?

“Challenge of Standardization of Products Slowing Innovation”

The standard range of high power connectors can be developed, but it is still not a practical choice as the sales are limited to fewer markets due to application compatibility.

Firms are often getting in a dilemma to choose high power connectors that don`t offer all the features and wouldn’t be ideal for the application and are forced to compromise.

Manufacturers are facing several challenges such as designing a connector that is both, compact and rugged, as well as reliable with a high current rating. Also, designing a connector with a high-mating cycle is a challenging task for the manufacturers.

Country-wise Insights

Why is the United States an Appealing Market for High Power Connector Manufacturers?

The United States high power connectors market is expected to reach US$ 1.4 billion by 2032.

The electric power industry is the backbone of the American economy. Rising electricity infrastructure in the United States is propelling the demand for interconnects, and thus, for high power connectors.

The United States boasts of one of the world's largest aerospace programs. The aerospace & defense sector is highly likely to generate innovative opportunities for high power connector manufacturers.

  • For instance, NASA`s Mars Perseverance Rover was equipped with Smiths interconnects` high-reliability hypertac hyperboloid technology.

The same is offered by the company in a variety of its high power connectors. Such heavy-duty power connectors are addressing NASA`s needs for a high-performance ruggedized connector to meet electrical, mechanical, and environmental performance.

Apart from this, The United States will continue its dominance in data centers on the back of robust IT infrastructure.

As per Fact.MR`s recently published report, global revenue generation from data centers is predicted to expand at an impressive CAGR of 13.8% to surpass a market valuation of US$ 279 billion by 2032.

The United States holds significant potential for high power connector sales over the coming years.

Which European Country Accounts for a Prominent Share in the High Power Connectors Market?

Europe holds 23.6% market share in the global high power connectors market in 2022 and is projected to rise at 5.8% CAGR during the forecast years of 2022-2032.

As a result of the huge expansion of sectors in Europe, such as industrial & manufacturing, electric vehicles, healthcare, etc., sales of high power connectors are expected to increase over the coming years.

Demand is primarily driven by automotive, and industrial manufacturing, followed by IT & telecommunications, in the region.

Germany holds a commanding position accounting for 19.4% of Europe`s high power connectors production in 2021. The Europe market for high power connectors is expected to reach a valuation of US$ 1.1 billion in 2022.

Category-wise Insights

Which Type of High Power Connectors is Most Widely Used?

Mounting types include board, cable, and panel mount high power connectors, and amongst them, board mount higher power connectors are widely used and differ in name based on their specific applications.

Board to board high power connectors are used to connect PCBs while cable to board and board to cable connectors interconnect PCBs by using connectors attached to wires. There are many different connectors available to suit a wide variety of applications.

Thus, the integration of board mount high power connectors has increased steadily in recent years, topping a market size of US$ 1.9 billion in 2021.

Furthermore, with continuous innovations in design and durability, the board mount sub-segment is predicted to expand 1.9X by the end of 2032.

Why is Market Growth Led by Current Ratings of High Power Connectors?

Sales of high power connectors for integration into diverse end-use applications are increasing rapidly. As industries are adopting advanced technologies, energy expenditure is also increasing as a result of enhanced performance and capacity of applications. More power can be transmitted if the output current rating is higher.

As the voltage ratings vary from country to country, major suppliers are focusing on the current ratings of high power connectors for easier application -specific selection. Prominent manufacturers are offering single and multi-way high power connectors with current ratings up to 1,200 amps. Up to 100 amps, power connectors are most widely used across the world due to standardization, availability, and versatile industrial use.

Additionally, with the surging demand from sectors such as aerospace & defense, IT & telecommunications, and logistics & transportation, demand for connectors with current ratings of 100-200A and 200-300A is predicted to expand 1.7X and 1.6X, respectively, by the end of 2032.

Competitive Landscape

Prominent high power connectors manufacturers are ABB, Amphenol, Anderson Power Products, Aptiv, Foxconn, Harting, Harwin Hirose, Electric Co. Ltd., ITT Cannon, Japan Aviation Electronics, Japan Solderless Terminal, Luxshare ICT, Molex, Radiall, Renhotec, Rosenberger, Smiths Interconnect, Souriau Sunbank, TE Connectivity, Valentini, and Yazaki.

Leading manufacturers of high power connectors are offering connectors that are specially designed to meet certain conditions and uses of end-use customers such as high current, ruggedized, vacuum use, longer life, vibration, shock and temperature resilience, corrosion-proof, wrong insertion prevention structure, etc., for the most challenging environments.

For Instance :

  • In June 2022, Smiths Interconnect launched the HBB five-pole connector, which is an add-on to the already developed single-pole version for military & defence related applications. The new configuration can be utilized in extremely tight spaces to run several lines, which improves the connector’s flexibility and ability to run superfluous lines as required.
  • In Sept 2021, TE Connectivity acquired ERNI Group AG, a leading company in connectivity for factory automation and the automotive industry. With the acquisition of ERNI, TE can now offer a broader range of connectivity solutions, notably in the field of high-speed and fine-pitch connectors for industrial, automotive, medical, and other applications.
  • In June 2022, Amphenol and ABB collaborated to develop high-performance electrical solutions to address the changing requirements of clients in the e-mobility, infrastructure, robotics, and transportation industries.

Fact.MR has provided detailed information about the price points of key manufacturers of high power connectors positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of High Power Connectors Industry Research

  • High Power Connectors Market by Pole :

    • Single Pole Connector
    • Multi Pole Connector
  • High Power Connectors Market by Mounting Type :

    • Board Mount
    • Cable Mount
    • Panel Mount
    • Others
  • High Power Connectors Market by Current Rating :

    • Up to 100A
    • 100-200A
    • 200-300A
    • 300-400A
    • Above 400A
  • High Power Connectors Market by End Use Application :

    • Aerospace & Defence
    • Automotive
    • Construction & Mining
    • Electronics & Electricals
    • Energy & Power
    • Healthcare
    • Industrial & Manufacturing
    • IT & Telecommunication
    • Logistics & Transportation
    • Oil & Gas
    • Others
  • High Power Connectors Market by Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

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High Power Connectors Market

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The global high power connectors market is valued at US$ 4.6 billion in 2022.

Global sales of high power connectors are expected to reach US$ 8.3 billion by 2032.

From 2017 to 2021, sales of high power connectors increased at 1.6% CAGR.

East Asia leads the global high power connectors market accounting for 38.2% market share in 2022.

Board-mounted high power connectors are estimated to account for 42.2% market share in 2022.

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