Dublin, Nov. 28, 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. Global Automotive High-Voltage Connector is expected to expand at a CAGR of 12.00%.during the forecast period, 2024-2029
The report provides data for the historical period of 2019-2022, estimates of 2023 and the forecast period of 2024-2029.The 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.
Scope of the Report
- The report analyses the Automotive High-Voltage Connector by Value (USD Million).
- The report presents the analysis of the Automotive High-Voltage Connector for the historical period of 2019-2022, the estimated year 2023, and the forecast period of 2024-2029.
- The report analyses the Automotive High-Voltage Connector by Application (Commercial Vehicle, and Passenger Vehicle).
- The report analyses the Automotive High-Voltage Connector by Type (Single Pin High-Voltage Connector, and Multiple Pin High-Voltage Connectors).
- The report analyses the Automotive High-Voltage Connector by Rated Voltage (Below 630V, 630V-800V, and More Than 800V).
- The key insights of the report have been presented through the frameworks of SWOT and Porter's Five Forces Analysis. Also, the attractiveness of the market has been presented by region, Application, Type & by Rated Voltage.
- Also, the major opportunities, trends, drivers, and challenges of the industry have been analyzed in the report.
- The report tracks competitive developments, strategies, mergers and acquisitions, and new product development.
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 |
Strategic Recommendations
- Integration with Smart Grids as a Step Toward a Sustainable Future
- Pushing the Limits with R&D Investments
Competitive Positioning
- Companies' Product Positioning
- Market Position Matrix
- Market Share Analysis of Automotive High-Voltage Connector Market
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.
For more information about this report visit https://www.researchandmarkets.com/r/nseuy
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