High Voltage Connectors Market
PUBLISHED: 2023 ID: SMRC23464
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High voltage connectors Market Forecasts to 2030 - Global Analysis By Types (Multi-pin high voltage connectors, Single-pin high voltage connectors and Other Types), Rated Voltage, Number of Positions, Orientation of Connector, End User and By Geography

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4.3 (25 reviews)
Published: 2023 ID: SMRC23464

This report covers the impact of COVID-19 on this global market
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Years Covered

2021-2030

Estimated Year Value (2023)

US $2,117.8 MN

Projected Year Value (2030)

US $5,364.8 MN

CAGR (2023 - 2030)

14.2%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

Europe


According to Stratistics MRC, the Global High voltage connectors Market is accounted for $2,117.8 million in 2023 and is expected to reach $5,364.8 million by 2030 growing at a CAGR of 14.2% during the forecast period. High voltage (HV) applications in AC, DC, and RF are the most common use cases for HV connectors. These connectors enable the transmission of high voltage signals without endangering the safety of the operators. A high voltage connector is one that can handle more than 1 kVAC. In critical-risk environments like those found in the medical, aerospace, and test & measurement industries, high voltage connector solutions guarantee efficiency and safety.

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



Market Dynamics:

Driver:

Increasing demand for electric vehicles

Alternatives to conventional mechanical fastenings include high voltage connections, which offer a quicker and more secure connection. Longer battery life and higher performance for the vehicle may result from this. Excellent high voltage connector quality also offers alternatives for mating and unmating connectors that are simple to use. Additionally, stylish, lightweight, and portable, these high voltage connectors offer such qualities. So, it is anticipated that the market will see significant demand as the demand for electric vehicles rises.

Restraint:

High voltage connector design challenges

At greater voltages, there may be issues due to the connector design, operating circumstances, and mechanical construction. Corona discharge happens when the area around the high voltage conductors is highly charged and ionised. When an electrical stress results in a dielectric's molecular structure breaking down, arcing happens in high voltage conductors. When the insulator fails, electrical sparks result from current flowing from the high voltage wire to the ground, preventing market growth.

Opportunity:

Increased efficiency and enhanced safety

These connectors offer greater efficiency because there is less resistance and power loss. This results in financial savings for the owner. Wear and tear, vibration, and corrosion are less likely to cause these connectors to malfunction. As a result, they are more dependable and secure than conventional mechanical fastenings, which may become loosened over time and result in an electrical short circuit or other problems. Therefore, these are the elements driving the market's expansion.

Threat:

High initial cost

The expense of insulting the conductors rises with high voltage. Transformers, switches, and other electrical components, such as circuit breakers, are more expensive when there is high voltage. Since higher voltages carry a higher risk, strict safety measures are needed. However, it is anticipated that a shortage of skilled workforce may impede the market's expansion in the production of high voltage connections.

Covid-19 Impact

The sudden advent of the COVID-19 pandemic undoubtedly put many industries on hold, which increased the availability of work from home opportunities globally. As a result, there was an increase in demand for consumer electronics including tablets, laptops, and smartphones on the global market. High-speed and compact power connectors are needed for aerospace and military applications in order to link equipment with power in constrained spaces, maintaining safety and supplying enough power for adaptive control systems, auto emergency breaking, etc.

The single-pin high voltage connectors segment is expected to be the largest during the forecast period

The single-pin high voltage connectors segment is estimated to have a lucrative growth, due to its benefits like they are available as cable-assembly, protective shield feasible. The single pin high voltage connectors come with a variety of mounting options and gaskets to fit any system design, and they are appropriate for applications with operating voltage up to 100kVDC. With mating cycles up to 100k and high performance PTFE insulating material available.

The passenger vehicles segment is expected to have the highest CAGR during the forecast period

The passenger vehicles segment is anticipated to witness the fastest CAGR growth during the forecast period, due to increasing sales of cars. Personal vehicles are provided by passenger vehicles, enabling single people or small groups to travel at their own discretion. They provide flexibility in departure times and directions, making it simpler to work with particular schedules and preferences. The market is expanding due to an increase in the sales of passenger cars in developing countries.

Region with Largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the presence of advanced technology manufacturers and product developer. Electric vehicle adoption in developing nations is expanding, providing a plethora of market potential for power connection producers. The adoption of electric vehicles as a result of growing public concern over air pollution has increased demand for power connectors in automotive applications.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to large number of fine automotive manufacturers. Growing investments have been seen in the setup of production facilities for both industrial and consumer electronics. During the projected period, it is anticipated that a strong automotive sector, an increase in the number of electric and hybrid vehicles, and government measures will sustain demand throughout the region.



Key players in the market

Some of the key players profiled in the High Voltage Connectors Market include Hirose Electric Co., Ltd., TE Connectivity, Sumitomo Electric Industries Ltd., Continental Engineering Services, Amphenol Corporation, Aptiv, Molex, Rosenberger Group, JST, Fujikura Ltd., Yazaki Corporation and Koch Enterprises Inc.

Key Developments:

In June 2023, TE Connectivity (TE), a world leader in connectivity and sensors, partners with tacterion, a leading tactile sensing company based in Munich, aiming to provide smart touch and force sensor technology supporting the digitization of industrial processes.

In March 2023, Sumitomo Electric Industries, Ltd. and US Conec Ltd. announce the execution of a definitive license agreement enabling Sumitomo Electric Lightwave, Corp. to manufacture MMC connector and TMT ferrule components for the deployment of next-generation, high-density, multi-fiber cabling solutions.

Types Covered:
• Multi-pin high voltage connectors
• Single-pin high voltage connectors
• Other Types

Rated Voltages Covered:
• 800-1,000V
• 630-800V
• Below 630V

Number of Positions Covered:
• 6 and Above
• 4 to 5
• Between 1-3

Orientation of Connectors Covered:
• Right Angle
• Straight

End Users Covered:
• Commercial vehicles
• Passenger vehicles
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global High voltage connectors Market, By Type
5.1 Introduction
5.2 Multi-pin high voltage connectors
5.3 Single-pin high voltage connectors
5.4 Other Types

6 Global High voltage connectors Market, By Rated Voltage
6.1 Introduction
6.2 800-1,000V
6.3 630-800V
6.4 Below 630V

7 Global High voltage connectors Market, By Number of Positions
7.1 Introduction
7.2 6 and Above
7.3 4 to 5
7.4 Between 1-3

8 Global High voltage connectors Market, By Orientation of Connector
8.1 Introduction
8.2 Right Angle
8.3 Straight

9 Global High voltage connectors Market, By End User
9.1 Introduction
9.2 Commercial vehicles
9.3 Passenger vehicles
9.4 Other End Users

10 Global High voltage connectors Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa

11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies

12 Company Profiling
12.1 Hirose Electric Co., Ltd.
12.2 TE Connectivity
12.3 Sumitomo Electric Industries Ltd.
12.4 Continental Engineering Services
12.5 Amphenol Corporation
12.6 Aptiv
12.7 Molex
12.8 Rosenberger Group
12.9 JST
12.10 Fujikura Ltd.
12.11 Yazaki Corporation
12.12 Koch Enterprises Inc

List of Tables
1 Global High voltage connectors Market Outlook, By Region (2021-2030) ($MN)
2 Global High voltage connectors Market Outlook, By Type (2021-2030) ($MN)
3 Global High voltage connectors Market Outlook, By Multi-pin high voltage connectors (2021-2030) ($MN)
4 Global High voltage connectors Market Outlook, By Single-pin high voltage connectors (2021-2030) ($MN)
5 Global High voltage connectors Market Outlook, By Other Types (2021-2030) ($MN)
6 Global High voltage connectors Market Outlook, By Rated Voltage (2021-2030) ($MN)
7 Global High voltage connectors Market Outlook, By 800-1,000V (2021-2030) ($MN)
8 Global High voltage connectors Market Outlook, By 630-800V (2021-2030) ($MN)
9 Global High voltage connectors Market Outlook, By Below 630V (2021-2030) ($MN)
10 Global High voltage connectors Market Outlook, By Number of Positions (2021-2030) ($MN)
11 Global High voltage connectors Market Outlook, By 6 and Above (2021-2030) ($MN)
12 Global High voltage connectors Market Outlook, By 4 to 5 (2021-2030) ($MN)
13 Global High voltage connectors Market Outlook, By Between 1-3 (2021-2030) ($MN)
14 Global High voltage connectors Market Outlook, By Orientation of Connector (2021-2030) ($MN)
15 Global High voltage connectors Market Outlook, By Right Angle (2021-2030) ($MN)
16 Global High voltage connectors Market Outlook, By Straight (2021-2030) ($MN)
17 Global High voltage connectors Market Outlook, By End User (2021-2030) ($MN)
18 Global High voltage connectors Market Outlook, By Commercial vehicles (2021-2030) ($MN)
19 Global High voltage connectors Market Outlook, By Passenger vehicles (2021-2030) ($MN)
20 Global High voltage connectors Market Outlook, Other End Users (2021-2030) ($MN)
21 North America High voltage connectors Market Outlook, By Country (2021-2030) ($MN)
22 North America High voltage connectors Market Outlook, By Type (2021-2030) ($MN)
23 North America High voltage connectors Market Outlook, By Multi-pin high voltage connectors (2021-2030) ($MN)
24 North America High voltage connectors Market Outlook, By Single-pin high voltage connectors (2021-2030) ($MN)
25 North America High voltage connectors Market Outlook, By Other Types (2021-2030) ($MN)
26 North America High voltage connectors Market Outlook, By Rated Voltage (2021-2030) ($MN)
27 North America High voltage connectors Market Outlook, By 800-1,000V (2021-2030) ($MN)
28 North America High voltage connectors Market Outlook, By 630-800V (2021-2030) ($MN)
29 North America High voltage connectors Market Outlook, By Below 630V (2021-2030) ($MN)
30 North America High voltage connectors Market Outlook, By Number of Positions (2021-2030) ($MN)
31 North America High voltage connectors Market Outlook, By 6 and Above (2021-2030) ($MN)
32 North America High voltage connectors Market Outlook, By 4 to 5 (2021-2030) ($MN)
33 North America High voltage connectors Market Outlook, By Between 1-3 (2021-2030) ($MN)
34 North America High voltage connectors Market Outlook, By Orientation of Connector (2021-2030) ($MN)
35 North America High voltage connectors Market Outlook, By Right Angle (2021-2030) ($MN)
36 North America High voltage connectors Market Outlook, By Straight (2021-2030) ($MN)
37 North America High voltage connectors Market Outlook, By End User (2021-2030) ($MN)
38 North America High voltage connectors Market Outlook, By Orientation of Connector (2021-2030) ($MN)
39 North America High voltage connectors Market Outlook, By Right Angle (2021-2030) ($MN)
40 North America High voltage connectors Market Outlook, By Straight (2021-2030) ($MN)
41 Europe High voltage connectors Market Outlook, By Country (2021-2030) ($MN)
42 Europe High voltage connectors Market Outlook, By Type (2021-2030) ($MN)
43 Europe High voltage connectors Market Outlook, By Multi-pin high voltage connectors (2021-2030) ($MN)
44 Europe High voltage connectors Market Outlook, By Single-pin high voltage connectors (2021-2030) ($MN)
45 Europe High voltage connectors Market Outlook, By Other Types (2021-2030) ($MN)
46 Europe High voltage connectors Market Outlook, By Rated Voltage (2021-2030) ($MN)
47 Europe High voltage connectors Market Outlook, By 800-1,000V (2021-2030) ($MN)
48 Europe High voltage connectors Market Outlook, By 630-800V (2021-2030) ($MN)
49 Europe High voltage connectors Market Outlook, By Below 630V (2021-2030) ($MN)
50 Europe High voltage connectors Market Outlook, By Number of Positions (2021-2030) ($MN)
51 Europe High voltage connectors Market Outlook, By 6 and Above (2021-2030) ($MN)
52 Europe High voltage connectors Market Outlook, By 4 to 5 (2021-2030) ($MN)
53 Europe High voltage connectors Market Outlook, By Between 1-3 (2021-2030) ($MN)
54 Europe High voltage connectors Market Outlook, By Orientation of Connector (2021-2030) ($MN)
55 Europe High voltage connectors Market Outlook, By Right Angle (2021-2030) ($MN)
56 Europe High voltage connectors Market Outlook, By Straight (2021-2030) ($MN)
57 Europe High voltage connectors Market Outlook, By End User (2021-2030) ($MN)
58 Europe High voltage connectors Market Outlook, By Commercial vehicles (2021-2030) ($MN)
59 Europe High voltage connectors Market Outlook, By Orientation of Connector (2021-2030) ($MN)
60 Europe High voltage connectors Market Outlook, By Right Angle (2021-2030) ($MN)
61 Asia Pacific High voltage connectors Market Outlook, By Country (2021-2030) ($MN)
62 Asia Pacific High voltage connectors Market Outlook, By Type (2021-2030) ($MN)
63 Asia Pacific High voltage connectors Market Outlook, By Multi-pin high voltage connectors (2021-2030) ($MN)
64 Asia Pacific High voltage connectors Market Outlook, By Single-pin high voltage connectors (2021-2030) ($MN)
65 Asia Pacific High voltage connectors Market Outlook, By Other Types (2021-2030) ($MN)
66 Asia Pacific High voltage connectors Market Outlook, By Rated Voltage (2021-2030) ($MN)
67 Asia Pacific High voltage connectors Market Outlook, By 800-1,000V (2021-2030) ($MN)
68 Asia Pacific High voltage connectors Market Outlook, By 630-800V (2021-2030) ($MN)
69 Asia Pacific High voltage connectors Market Outlook, By Below 630V (2021-2030) ($MN)
70 Asia Pacific High voltage connectors Market Outlook, By Number of Positions (2021-2030) ($MN)
71 Asia Pacific High voltage connectors Market Outlook, By 6 and Above (2021-2030) ($MN)
72 Asia Pacific High voltage connectors Market Outlook, By 4 to 5 (2021-2030) ($MN)
73 Asia Pacific High voltage connectors Market Outlook, By Between 1-3 (2021-2030) ($MN)
74 Asia Pacific High voltage connectors Market Outlook, By Orientation of Connector (2021-2030) ($MN)
75 Asia Pacific High voltage connectors Market Outlook, By Right Angle (2021-2030) ($MN)
76 Asia Pacific High voltage connectors Market Outlook, By Straight (2021-2030) ($MN)
77 Asia Pacific High voltage connectors Market Outlook, By End User (2021-2030) ($MN)
78 Asia Pacific High voltage connectors Market Outlook, By Commercial vehicles (2021-2030) ($MN)
79 Asia Pacific High voltage connectors Market Outlook, By Passenger vehicles (2021-2030) ($MN)
80 Asia Pacific High voltage connectors Market Outlook, By 6 and Above (2021-2030) ($MN)
81 South America High voltage connectors Market Outlook, By Country (2021-2030) ($MN)
82 South America High voltage connectors Market Outlook, By Type (2021-2030) ($MN)
83 South America High voltage connectors Market Outlook, By Multi-pin high voltage connectors (2021-2030) ($MN)
84 South America High voltage connectors Market Outlook, By Single-pin high voltage connectors (2021-2030) ($MN)
85 South America High voltage connectors Market Outlook, By Other Types (2021-2030) ($MN)
86 South America High voltage connectors Market Outlook, By Rated Voltage (2021-2030) ($MN)
87 South America High voltage connectors Market Outlook, By 800-1,000V (2021-2030) ($MN)
88 South America High voltage connectors Market Outlook, By 630-800V (2021-2030) ($MN)
89 South America High voltage connectors Market Outlook, By Below 630V (2021-2030) ($MN)
90 South America High voltage connectors Market Outlook, By Number of Positions (2021-2030) ($MN)
91 South America High voltage connectors Market Outlook, By 6 and Above (2021-2030) ($MN)
92 South America High voltage connectors Market Outlook, By 4 to 5 (2021-2030) ($MN)
93 South America High voltage connectors Market Outlook, By Between 1-3 (2021-2030) ($MN)
94 South America High voltage connectors Market Outlook, By Orientation of Connector (2021-2030) ($MN)
95 South America High voltage connectors Market Outlook, By Right Angle (2021-2030) ($MN)
96 South America High voltage connectors Market Outlook, By Straight (2021-2030) ($MN)
97 South America High voltage connectors Market Outlook, By End User (2021-2030) ($MN)
98 South America High voltage connectors Market Outlook, By Commercial vehicles (2021-2030) ($MN)
99 South America High voltage connectors Market Outlook, By Passenger vehicles (2021-2030) ($MN)
100 South America High voltage connectors Market Outlook, Other End Users (2021-2030) ($MN)
101 Middle East & Africa High voltage connectors Market Outlook, By Country (2021-2030) ($MN)
102 Middle East & Africa High voltage connectors Market Outlook, By Type (2021-2030) ($MN)
103 Middle East & Africa High voltage connectors Market Outlook, By Multi-pin high voltage connectors (2021-2030) ($MN)
104 Middle East & Africa High voltage connectors Market Outlook, By Single-pin high voltage connectors (2021-2030) ($MN)
105 Middle East & Africa High voltage connectors Market Outlook, By Other Types (2021-2030) ($MN)
106 Middle East & Africa High voltage connectors Market Outlook, By Rated Voltage (2021-2030) ($MN)
107 Middle East & Africa High voltage connectors Market Outlook, By 800-1,000V (2021-2030) ($MN)
108 Middle East & Africa High voltage connectors Market Outlook, By 630-800V (2021-2030) ($MN)
109 Middle East & Africa High voltage connectors Market Outlook, By Below 630V (2021-2030) ($MN)
110 Middle East & Africa High voltage connectors Market Outlook, By Number of Positions (2021-2030) ($MN)
111 Middle East & Africa High voltage connectors Market Outlook, By 6 and Above (2021-2030) ($MN)
112 Middle East & Africa High voltage connectors Market Outlook, By 4 to 5 (2021-2030) ($MN)
113 Middle East & Africa High voltage connectors Market Outlook, By Between 1-3 (2021-2030) ($MN)
114 Middle East & Africa High voltage connectors Market Outlook, By Orientation of Connector (2021-2030) ($MN)
115 Middle East & Africa High voltage connectors Market Outlook, By Right Angle (2021-2030) ($MN)
116 Middle East & Africa High voltage connectors Market Outlook, By Straight (2021-2030) ($MN)
117 Middle East & Africa High voltage connectors Market Outlook, By End User (2021-2030) ($MN)
118 Middle East & Africa High voltage connectors Market Outlook, By Commercial vehicles (2021-2030) ($MN)
119 Middle East & Africa High voltage connectors Market Outlook, By Passenger vehicles (2021-2030) ($MN)
120 Middle East & Africa High voltage connectors Market Outlook, Other End Users (2021-2030) ($MN)

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