Global Panel Rack Mount Power Connector Market Report 2025: Market Opportunities & Challenges Outlook

 Built for executives and teams involved in growth planning, this research offers a data-driven view of the panel rack mount power connector industry’s direction and competitive environment.

How Big Is The Panel Rack Mount Power Connector Market In 2025?
The panel rack mount power connector market size has grown steadily in recent years. It will grow from $3.49 billion in 2024 to $3.64 billion in 2025 at a compound annual growth rate (CAGR) of 4.5%. The growth in the historic period can be attributed to increased computing power, growth of automation in manufacturing, expansion of telecommunications infrastructure, rise of high-performance computing, and growth in renewable energy installations.

The panel rack mount power connector market size is expected to see strong growth in the next few years. It will grow to $4.48 billion in 2029 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to increased industrial activities, increased urbanization and infrastructure, growth of data centers, increasing use of advanced medical devices, and growing urbanization and infrastructure development. Major trends in the forecast period include advancement in smart grid technology, focus on energy efficiency and sustainability, integration of advanced materials, IoT and IIOT expansion, and technological integration and smart connectors.

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Panel Rack Mount Power Connector Market Report 2025, Growth Sample

What Are The Major Factors Driving The Panel Rack Mount Power Connector Global Market Growth?
The rising adoption of electric vehicles is expected to propel the growth of the panel rack mount power connector market going forward. Electric vehicles (EVs) are vehicles powered entirely or partially by electricity, utilizing electric motors and batteries instead of internal combustion engines that run on gasoline or diesel. The adoption of electric vehicles is rising due to environmental concerns, better battery technology, government incentives, lower operating costs, and more charging infrastructure. Panel rack mount power connectors are useful for electric vehicles as they provide reliable and efficient power connections for EV charging stations, ensuring safe and stable power delivery to the vehicle's battery systems. For instance, in January 2024, according to a report published by Kelley Blue Book, a US-based Cox Automotive company, in 2023, a record 1.2 million car buyers in the United States chose electric vehicles, which accounted for 7.6% of the entire U.S. vehicle market, up from 5.9% in 2022. Therefore, the rising adoption of electric vehicles is driving the growth of the panel rack mount power connector market.

Panel Rack Mount Power Connector Market Report Segmentation Analysis
The panel rack mount power connector market covered in this report is segmented –

1) By Type: Alternating Current (AC) Power Connectors, Direct Current (DC) Power Connectors
2) By Application: Server Racks, Data Centers, Other Applications
3) By End-Use Industry: Information Technology (IT) And Telecommunication, Consumer Electronics, Industrial Automation, Automotive, Aerospace And Defense, Healthcare, Other End-Use Industries

Subsegments:
1) By Alternating Current (AC) Power Connectors: AC Panel Mount Connectors, AC Power Inlets, AC Power Outlets
2) By Direct Current (DC) Power Connectors: DC Panel Mount Connectors, DC Power Inlets, DC Power Outlets

Emerging Trends And Strategic Opportunities In The Panel Rack Mount Power Connector Market
Major companies operating in the panel rack mount power connector are developing tool-less mounting solutions to simplify installation, reduce assembly time, and improve overall system efficiency. Tool-less mounting solutions refer to innovative designs and mechanisms that enable the installation and removal of components without the need for traditional tools. For instance, in April 2022, TE Connectivity, a Switzerland-based consumer electronics company, launched fast and easy tool-less mounting solution with 369 series sealed panel mount connector. The 369 series connectors provide a range of high reliability, lightweight, compact, and cost. This connector is designed for aerospace and aviation applications, offering features like simple push-in mounting, a positive button latching mechanism, and compatibility with existing 369 connectors.

What Are The Top Players Operating In The Panel Rack Mount Power Connector Market?
Major companies operating in the panel rack mount power connector market are TE Connectivity Ltd., Delta Electronics Inc., Amphenol Corporation, Molex LLC, Phoenix Contact GmbH & Co. KG, Lapp Group, Hirose Electric Co. Ltd., Samtec Inc., Smiths Interconnect, HARTING Technology Group, Bel Fuse Inc., LEMO, Glenair Inc., Souriau, ODU GmbH & Выгодный хостинг в Кыргызстане!, ITT Inc., Fischer Connectors, Positronic, Schurter Holding AG, Bulgin Limited, Anderson Power Products, Neutrik, Switchcraft and Conxall, CUI Inc., Kycon Inc.

View the full panel rack mount power connector market report here:
Panel Rack Mount Power Connector Market Report 2025, Growth

Which Region Holds The Largest Market Share In The Panel Rack Mount Power Connector Market?
North America was the largest region in the panel rack mount power connector market in 2024. Asia-Pacific is expected to be the fastest expansion region in the forecast period. The regions covered in the panel rack mount power connector market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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