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High Power Connectors Market to Reach US$ 8.3 Billion by 2032 with Burgeoning Demand for Shock & Corrosion Resistant Power SourcesHigh Power Connectors Demand Spurred by Ongoing Development in Blockchain and E-mobility Technologies Fact.MR offers comprehensive analysis on the global high power connectors market for the upcoming decade. The study provides key growth factors impacting the sales and offers in-depth insights covering factors such as drivers, opportunities, and key players'. In addition to this, the study analyzes latest trends across various segments including pole, mounting type, current rating, end-use application, and region. NEW YORK, Aug. 18, 2022 /PRNewswire/ -- The global high power connectors market is likely to grow at 6.1% CAGR in 2022-2032. It is set to reach US$ 8.3 Billion by 2032, as per the latest report by Fact.MR. Sales of high power connectors are expected to be the highest in North America and the region held nearly 22.0% of share in 2021.  High power connectors are devices that allow electrical current to pass through efficiently. These carry either AC or DC. High power connectors are used in diverse sectors such as consumer electronics, industrial, automotive, and medical equipment. Adoption of high power connectors is set to surge in those industries where a constant stream of seamless power transfer is required. Military and aerospace are a couple of such industries where power management and high efficiency are very important. For Critical Insights on this Market, Request for More info at: https://www.factmr.com/connectus/sample?flag=S&rep_id=5815 As per the Stockholm International Peace Research Institute, the global military expenditure passed US$ 2 trillion for the first time in 2022. The largest spenders in 2021 were India, China, the U.S., Russia, and the U.K., which together accounted for about 62% of expenditure. It is further set to drive demand for advanced high power connectors in the upcoming decade. Moreover, demand for high power connectors is expected to rise on account of growing government investments in infrastructure development activities. Governments of various countries are focusing on last mile connectivity and providing electricity to remote, high terrain villages. Creating infrastructure in such extreme environments requires power sources that are shock resistant and corrosion resistant. As high power connectors are feasible in these regards, they find applications in such development activities. The high power connectors market is also anticipated to grow due to their increasing applications in the development of innovative technologies. Two technologies that are witnessing steady growth include blockchain and e-mobility. Both these technologies require power sources that are extremely efficient. For example, bitcoin cryptocurrency alone consumes 150 terawatt-hours annually. Similarly, there is a growing positive perception among consumers toward e-mobility. According to a study by the National Institution for Transforming India (NITI Ayog), consumers in India are likely to buy an electric two-wheeler or four-wheeler in future with the influence of rising costs of petroleum and diesel. Key Takeaways:
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To Gain In-Depth Insights on High Power Connectors Market, Request Methodology at https://www.factmr.com/connectus/sample?flag=RM&rep_id=5815 Competitive Landscape: Leading players operating in the high power connectors market are focusing on strategies such as innovation and new product launches. As top 5 players hold nearly 28.3% of share in the market, there is a scope for new entrants to achieve high revenues. Market players are mainly focusing on launching high power connectors that would work efficiently in extreme conditions. For instance,
Key Companies Profiled by Fact.MR
More Valuable Insights on High Power Connectors Market In the latest study, Fact.MR offers a detailed study on global high power connectors market for the forecast period of 2022 to 2032. This study also highlights key drivers promoting the sales of high power connectors with analysis across below segments: By Pole:
By Mounting Type:
By Current Rating:
By End Use Application:
By Region:
Get Customization on this Report for Specific Research Solutions https://www.factmr.com/connectus/sample?flag=RC&rep_id=5815 Key Questions Covered in the High Power Connectors Market Report:
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