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Circular Connector Market Size
- Report ID: GMI11592
- Published Date: Sep 2024
- Report Format: PDF
Circular Connector Market Size
The global circular connector market was valued at USD 10.1 billion in 2023 and will grow at rate of 3.3% from 2024 to 2032. Rising industrial automation coupled with expanding electric vehicle market that caters extensive electrical connections will augment the market growth.
The increase in automation across industries such as manufacturing, automotive, and aerospace where, the product is known for their robustness, are essential for maintaining reliable connections in high-vibration environments, critical for industrial robotics and automation systems is augmenting the business landscape.
Rapid expansion of EV infrastructure is leading to the EV market grows, which in turn is increasing the demand for circular connectors used in charging systems and vehicle components. Their durability and efficiency in handling high-voltage and current loads make them suitable for EV infrastructure and battery management systems.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Circular Connector Market Size in 2023: | USD 10.1 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 3.3% |
| 2032 Value Projection: | USD 13.5 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 100 |
| Tables, Charts & Figures: | 90 |
| Segments covered: | End use & Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Circular Connector Market Scope
