Dublin, Sept. 08, 2023 (GLOBE NEWSWIRE) -- The "Global Automotive High-Voltage Connector Market (2023 Edition): Analysis by Application (CV, PV), Type (Single Pin, Multiple Pin), Rated Voltage (<630V, 630V-800V, > 800V), By Region, By Country: Demand, Trends and Forecast to 2029" report has been added to ResearchAndMarkets.com's offering.
The Global Automotive High-Voltage Connector Market is expected to generate USD 3522.45 Million by the end of 2029, up from USD 1718.02 Million in 2022. During the forecast period, 2024-2029, Global Automotive High-Voltage Connector is expected to expand at a CAGR of 12.00%.
The report provides a complete analysis of the Global Automotive High-Voltage Connector industry in terms of 2019-2022, estimates for 2023 and the forecasts 2024-2029.
The research report covers a detailed analysis of the regions (Americas, Europe, APAC, Middle East Africa) and 10 countries (United States, Canada, United Kingdom, Germany, France, Italy, China, India, Japan, and South Korea). Additionally, the research report presents data including market size, yearly growth & potential analysis, the competitive study of market players, investment opportunities, and demand forecast.
The automotive high-voltage connector market has experienced significant growth in recent years, primarily driven by the increasing demand for electric vehicles (EVs) and hybrid electric vehicles (HEVs). As countries around the world strive to reduce greenhouse gas emissions and transition to a more sustainable future, there has been a substantial shift towards electrification in the automotive industry.
High-voltage connectors play a crucial role in facilitating the efficient transmission of power between various components in EVs and HEVs. These connectors are responsible for connecting the battery systems, electric motors, power electronics, and other high-voltage subsystems within the vehicle. They ensure reliable and secure electrical connections, enabling the smooth operation of critical systems while ensuring safety standards.
The growing adoption of EVs and HEVs is fueled by several factors. Firstly, advancements in battery technology have led to improved energy storage capabilities, longer driving ranges, and reduced charging times, making electric vehicles a viable alternative to traditional internal combustion engine vehicles. Additionally, governments worldwide are implementing stringent regulations and offering incentives to promote the adoption of electric vehicles, further driving the demand for high-voltage connectors.
Moreover, rising consumer awareness regarding environmental concerns and the benefits of electric mobility has significantly increased the demand for EVs and HEVs. Consumers are increasingly inclined towards vehicles that offer lower emissions, better fuel efficiency, and reduced dependence on fossil fuels.
Furthermore, ongoing technological advancements in high-voltage connector designs, such as compact and lightweight connectors with enhanced performance characteristics, have also contributed to the market's growth. These advancements enable automakers to design and manufacture vehicles with improved efficiency, safety, and overall performance.
In conclusion, the driving factor behind the automotive high-voltage connector market is the increasing demand for electric and hybrid electric vehicles. The global push towards sustainability, government regulations and incentives, consumer preferences for eco-friendly transportation options, and technological innovations in connector designs collectively contribute to the rapid expansion of this market.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 240 |
| Forecast Period | 2023 - 2029 |
| Estimated Market Value in 2023 | 1.72 Billion |
| Forecasted Market Value by 2029 | 3.52 Billion |
| Compound Annual Growth Rate | 12.0% |
| Regions Covered | Global |
Global Automotive High-Voltage Connector Market: Historic and Forecast
- Available of Charging Load in the Global Automotive High-Voltage Connector Market Analytics
- Electric Car Models in Automotive High-Voltage Connector Market Analytics
- Country-Wise Comparative Market Analytics
- Global Automotive High-Voltage Connector Market: Dashboard
- Global Automotive High-Voltage Connector Market: Market Size and CAGR, 2019-2029 (USD Billion & CAGR)
- Impact of COVID-19 on Automotive High-Voltage Connector Market
Strategic Recommendations
- Integration with Smart Grids as a Step Toward a Sustainable Future
- Pushing the Limits with R&D Investments
Company Profiles
- TE Connectivity Ltd.
- Aptiv PLC
- Amphenol Corporation
- Sumitomo Electric Industries Ltd.
- Foxconn
- Japan Aviation Electronics Ltd.
- Leoni AG
- Bizlink Holding Inc.
- Molex Incorporated
- Hirose Electric Co. Ltd.
Industry Ecosystem Analysis
- Macro-Economic Factor Assessment
- Porter's Five Forces Model
Competitive Positioning
- Companies' Product Positioning
- Market Position Matrix
- Market Share Analysis of Automotive High-Voltage Connector Market
Scope of the Report
Global Automotive High-Voltage Connector Market Segmentation: By Application
- Global Automotive High-Voltage Connector Market Size, By Commercial Vehicle, By Value, 2019H-2029F (USD Billion & CAGR)
- Global Automotive High-Voltage Connector Market Size, Passenger Vehicle, By Value, 2019H-2029F (USD Billion & CAGR)
Global Automotive High-Voltage Connector Market Segmentation: By Type
- Global Automotive High-Voltage Connector Market Size, By Single Pin High-Voltage Connector, By Value, 2019H-2029F (USD Billion & CAGR)
- Global Automotive High-Voltage Connector Market Size, By Multiple Pin High-Voltage Connector, By Value, 2019H-2029F (USD Billion & CAGR)
Global Automotive High-Voltage Connector Market Segmentation: By Rated Voltage
- Global Automotive High-Voltage Connector Market Size, By Below 630V, By Value, 2019H-2029F (USD Billion & CAGR)
- Global Automotive High-Voltage Connector Market Size, By 630V-800V, By Value, 2019H-2029F (USD Billion & CAGR)
- Global Automotive High-Voltage Connector Market Size, By More Than 800V, By Value, 2019H-2029F (USD Billion & CAGR)
For more information about this report visit https://www.researchandmarkets.com/r/gjxfhf
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