Global Heavy-Duty Connector Market valued approximately USD 2.5 billion in 2016 is anticipated to grow with a healthy growth rate of more than 5 % over the forecast period 2017-2025. Increasing importance of industrial safety, growing adoption of industrial automation solutions, rising importance on energy-efficient manufacturing, compulsory functional safety regulation and strict government regulations are the key drivers which are driving the market growth. However, lack in coordination of standards is the key restraining factor which hinder the market growth.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
- Hoods & Housing
- Inserts & Contacts
By Termination Method:
- Oil & Gas
- North America
- Asia Pacific
- Latin America
- Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2015
Base year – 2016
Forecast period – 2017 to 2025
Some of the key manufacturers involved in the market TE Connectivity, Phoenix Contact
Harting Technology, Weidmuller Interface, Molex, Amphenol Sine Systems, Weiland Electric, ITT Cannon, ODU, Lapp Frequent cross industry partnerships are leading to market consolidation.
Target Audience of the Global Heavy-Duty Connector Market in Market Study:
- Key Consulting Companies & Advisors
- Large, medium-sized, and small enterprises
- Venture capitalists
- Value-Added Resellers (VARs)
- Third-party knowledge providers
- Investment bankers