Lucintel’s latest market report analyzed that industrial connector provides attractive opportunities in the factory automation and machinery, construction and civil engineering, and energy market. The industrial connector market is expected to reach $8.7 billion by 2028 with a CAGR of 6.8%. In this market, factory automation and machinery is the largest segment by end use. Green connectors to reduce greenhouse gas emissions provides strategic growth path in this market.
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Based on end use, the industrial connector market is segmented into the factory automation and machinery, construction and civil engineering, and energy. The factory automation and machinery segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to growing demand of smart factories and increasing trend of IOT and automation technologies in industries.
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The Industrial Connector Market is marked by the presence of several big and small players. Some of the prominent players offering industrial connector include Molex, TE Connectivity, Amphenol, Aptiv, JST Mfg, Hirose Electric, Rosenberger, Harting Technology, Foxconn.
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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected].
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Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. 972.636.5056
Contact Information:
Roy Almaguer Lucintel Dallas, Texas, USA Email: [email protected] Tel. 972.636.5056
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