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Latin America Low Voltage Electrical Connectors Market by Type (PCB Connectors, TAB Connectors, Plug & Socket Connectors, Terminal Strip Connectors, Terminal Blocks Connectors, and Others) and Application (HVAC, Electrical Power, Industrial, Factory Automation, Fire & Security, Electronics & Communication, Automotive, Public Infrastructure, and Others): Opportunity Analysis and Industry Forecast, 2020–2027

A10563
Pages: 143
Mar 2021 | 280 Views
 
Author(s) : Avinash Savekar , Vineet Kumar
Tables: 68
Charts: 28
 

COVID-19

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Latin America Low Voltage Electrical Connectors Market Outlook - 2027

The Latin America low voltage electrical connectors market size is expected to reach $1.62 billion by 2027 from $1.01 billion in 2019, growing at a CAGR of 6.88% from 2020 to 2027. Electrical connector is an electro-mechanical device used to join electrical circuits as an interface using a mechanical assembly. These connectors consist of plugs (male-ended) and sockets (female-ended) and are used in diverse industries such as oil & gas, defense & aerospace, manufacturing, automotive, and IT & telecommunication for reliable end to end connection. The major purpose of these wire connectors is to transmit electric signals and electromagnetic waves from one endpoint to another. Furthermore, connectors along with cable assemblies play a vital role in integration mechanism of different systems and subsystems. It is used to withstand harsh physical and chemical environment to operate in different atmospheric conditions. 

Rise in demand for high bandwidth connectors, growth in adoption of connectors in the telecommunication sector, and high investments in the construction sector are the prominent factors that drive growth of the Latin America low voltage electrical connectors market. Construction industry offers several investment opportunities for companies, given the country’s ambitious scope for infrastructure modernization, developing smart cities, and improving logistics and transportation routes. The construction sector is growing at a tremendous pace, especially in developing countries such as Mexico and Brazil, with increase in participation from both public and private market players. Some of the major drivers of the construction sector are industrial corridors, smart cities projects, and increase in demand for commercial spaces such as hotels, offices, retail, and entertainment units.

Latin-America-Low-Voltage-Electrical-Connectors-Market

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Moreover, rise in initiatives to increase connectivity in rural areas is anticipated to provide lucrative opportunities for expansion of the Latin America low voltage electrical connectors industry during the forecast period. Rural communities have suffered gradual depopulation for years, as the opportunity gap between rural and urban areas widens. Digitalization and connectivity can help reverse this trend as it offers ample opportunities. Governments in developing nations of Latin America are investing heavily on connecting rural and remote areas to facilitate them with internet connection. In addition, lack of key broadband infrastructure connecting many homes in the country has resulted in increased connection challenges, which have been exacerbated by the COVID-19 crisis.  

The Latin America low voltage electrical connectors market growth is segmented on the basis of type, application, and countries. On the basis of type, the market is classified into PCB connectors, TAB connectors, plug & socket connectors, terminal strip connectors, terminal blocks connectors, and others. The applications covered in the market include HVAC, electrical power, industrial, factory automation, fire & security, electronics & communication, automotive, public infrastructure, and others. 

Latin America Low Voltage Electrical Connectors Market
By Type

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PCB Connectors segment is projected as one of the most lucrative segments.

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Latin America low voltage electrical connectors market trends for Latin America are analyzed across Mexico, Colombia, Costa Rica, Chile, Panamá, Argentina, and rest of Latin America. Mexico accounted for the highest market share in 2019, owing to expansion of the electronics and telecommunication market.  

Latin America Low Voltage Electrical Connectors Market
By Application

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Electronics and Communication segment is expected to secure leading position during forecast period.

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Mexico is a developing country in Latin America, which has power & energy, oil & gas, telecommunication, automotive, and other industries that find demand for electrical connectors. The Latin America low voltage electrical connectors market witnessed a significant growth rate in the country, owing to high usage of wire connectors for energy transfer. High investments in the power & energy sector are expected to create lucrative opportunities for the Latin America low voltage electrical connectors market.  

Latin America Low Voltage Electrical Connectors Market
By Country

2027
Chile 
Mexico
Colombia
Costa Rica
Panama
Argentina
Rest Of Latin America

Colombia country would exhibit the highest CAGR of 7.93% during 2020-2027

 

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Top Impacting Factors

The significant impacting factors of the Latin America low voltage electrical connectors market include rise in demand for high bandwidth connectors, growth in adoption of connectors in the telecommunication sector, and high investments in the construction sector. However, high installation costs restrains the market growth. Moreover, rise in initiatives to increase connectivity in rural areas are expected to create lucrative opportunities for expansion of the Latin America low voltage electrical connectors market share.   

Competition Analysis

Competitive analysis and major players of Latin America low voltage electrical connectors market includes TE Connectivity, WAGO, Weidmuller, WECO Contact GmbH, and PHOENIX CONTACT GmbH & Co. KG., Panduit, Molex, LLC, Amphenol Corporation, and Dinkle International Co. Ltd are provided in this report.    

Covid-19 Impact Analysis

The COVID-19 pandemic is disrupting supply chains, and affecting all businesses in virtually all market segments. Automotive, telecommunications, and other markets are mainly dependent on manufacturing capabilities, which are centered in this country. The end user industry of low voltage electrical connectors represented adverse trends during the COVID-19 pandemic. Industry verticals such as construction, manufacturing, industrial, and government utilities showed minimal demand. However, demand from private utilities remained unaffected. Moreover, quality check and maintenance of products, components, or structures is of utmost importance for every industry. As a result, the budget is most likely to reduce in the pandemic.

Key Benefits For Stakeholders

  • This study comprises analytical depiction of the Latin America low voltage electrical connectors market outlook along with current trends and future estimations to depict imminent investment pockets. 
  • The overall Latin America low voltage electrical connectors market analysis is determined to understand the profitable trends to gain a stronger foothold.  
  • The report presents information related to key drivers, restraints, and Latin America low voltage electrical connectors market opportunities with a detailed impact analysis.  
  • The current Latin America low voltage electrical connectors market forecast is quantitatively analyzed from 2019 to 2027 to benchmark the financial competency.  
  • Porter’s five forces analysis illustrates the potency of buyers and share of key vendors in the Latin America low voltage electrical connectors market share.  

Key Market Segments

By Type

  • PCB Connectors
  • TAB Connectors
  • Plug and Socket Connectors
  • Terminal Strip Connectors
  • Terminal Blocks Connectors
  • Others  

By Application

  • HVAC
  • Electrical Power 
  • Industrial
  • Factory Automation
  • Fire and Security
  • Electronics and Communication
  • Automotive
  • Public Infrastructure
  • Other

By Region

  • Latin America
  • Mexico
  • Colombia
  • Costa Rica
  • Chile
  • Panamá
  • Argentina
  • Rest of Latin America

Key Players

  • TE CONNECTIVITY LIMITED
  • WAGO
  • Weidmuller
  • WECO Contact GmbH
  • PHOENIX CONTACT GmbH & Co. KG
  • Panduit
  • Molex, LLC
  • Amphenol Corporation
  • Dinkle International Co. Ltd.
 

CHAPTER 1:INTRODUCTION

1.1.Report Description
1.2.Key Benefits for Stakeholders
1.3.Key Market Segments

1.4.Research Methodology

1.4.1.Primary Research
1.4.2.Secondary Research
1.4.3.Analyst Tools and Models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.CXO Perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market Definition And Scope

3.2.Key Findings

3.2.1.Top impacting factors
3.2.2.Top investment pockets

3.3.Porter’s Five Forces Analysis
3.4.Market Player Positioning

3.5.Market Dynamics

3.5.1.Drivers

3.5.1.1.Rise in demand for high bandwidth connectors
3.5.1.2.Growth in adoption of connectors in telecommunication sector
3.5.1.3.High investments in the construction sector

3.5.2.Restraint

3.5.2.1.High installation costs

3.5.3.Opportunities

3.5.3.1.Rise in initiatives to increase connectivity in rural areas

3.5.4.Challenges

3.5.4.1.Lack of key broadband infrastructure

3.6.COVID-19 Impact Analysis

3.6.1.COVID-19 Outbreak
3.6.2.Impact on market size
3.6.3.End user trends, preferences, and budget impact

CHAPTER 4:LATIN AMERICA LOW VOLTAGE ELECTRICAL CONNECTORS MARKET, BY TYPE

4.1.Overview

4.2.PCB Connectors

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by country

4.3.TAB Connectors

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by country

4.4.Plug & Socket Connectors

4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast, by country

4.5.Terminal Strip Connectors

4.5.1.Key market trends, growth factors, and opportunities
4.5.2.Market size and forecast, by country

4.6.Terminal Blocks Connectors

4.6.1.Key market trends, growth factors, and opportunities
4.6.2.Market size and forecast, by country

4.7.Others

4.7.1.Key market trends, growth factors, and opportunities
4.7.2.Market size and forecast, by country

CHAPTER 5:LATIN AMERICA LOW VOLTAGE ELECTRICAL CONNECTORS MARKET, BY APPLICATION

5.1.Overview

5.2.HVAC

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by country

5.3.Electrical Power

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by country

5.4.Industrial

5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by country

5.5.Factory Automation

5.5.1.Key market trends, growth factors, and opportunities
5.5.2.Market size and forecast, by country

5.6.Fire & Security

5.6.1.Key market trends, growth factors, and opportunities
5.6.2.Market size and forecast, by country

5.7.Electronics & Communication

5.7.1.Key market trends, growth factors, and opportunities
5.7.2.Market size and forecast, by country

5.8.Automotive

5.8.1.Key market trends, growth factors, and opportunities
5.8.2.Market size and forecast, by country

5.9.Public Infrastructure

5.9.1.Key market trends, growth factors, and opportunities
5.9.2.Market size and forecast, by country

5.10.Others

5.10.1.Key market trends, growth factors, and opportunities
5.10.2.Market size and forecast, by country

CHAPTER 6:LATIN AMERICA LOW VOLTAGE ELECTRICAL CONNECTORS MARKET, BY COUNTRY

6.1.Overview

6.2.Latin America

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by type

6.2.3.Market size and forecast, by application

6.2.3.1.Mexico

6.2.3.1.1.Market size and forecast, by type
6.2.3.1.2.Market size and forecast, by application

6.2.3.2.Colombia

6.2.3.2.1.Market size and forecast, by type
6.2.3.2.2.Market size and forecast, by application

6.2.3.3.Costa Rica

6.2.3.3.1.Market size and forecast, by type
6.2.3.3.2.Market size and forecast, by application

6.2.3.4.Chile

6.2.3.4.1.Market size and forecast, by type
6.2.3.4.2.Market size and forecast, by application

6.2.3.5.Panamá

6.2.3.5.1.Market size and forecast, by type
6.2.3.5.2.Market size and forecast, by application

6.2.3.6.Argentina

6.2.3.6.1.Market size and forecast, by type
6.2.3.6.2.Market size and forecast, by application

6.2.3.7.Rest of Latin America

6.2.3.7.1.Market size and forecast, by type
6.2.3.7.2.Market size and forecast, by application

CHAPTER 7:COMPANY PROFILES

7.1.TE CONNECTIVITY LIMITED

7.1.1.Company overview
7.1.2.Key Executives
7.1.3.Company snapshot
7.1.4.Operating business segments
7.1.5.Product portfolio
7.1.6.R&D Expenditure
7.1.7.Business performance

7.2.WAGO

7.2.1.Company overview
7.2.2.Key Executives
7.2.3.Company snapshot
7.2.4.Product portfolio

7.3.WEIDMULLER

7.3.1.Company overview
7.3.2.Key Executives
7.3.3.Company snapshot
7.3.4.Product portfolio

7.4.WECO CONTACT GmbH

7.4.1.Company overview
7.4.2.Key executives
7.4.3.Company snapshot
7.4.4.Product portfolio

7.5.PHOENIX CONTACT GmbH & CO. KG

7.5.1.Company overview
7.5.2.Key executives
7.5.3.Company snapshot
7.5.4.Product portfolio

7.6.PANDUIT

7.6.1.Company overview
7.6.2.Key Executives
7.6.3.Company snapshot
7.6.4.Operating business segments
7.6.5.Product portfolio
7.6.6.Key strategic moves and developments

7.7.MOLEX

7.7.1.Company overview
7.7.2.Key Executives
7.7.3.Company snapshot
7.7.4.Operating business segments
7.7.5.Product portfolio
7.7.6.Key strategic moves and development

7.8.AMPHENOL

7.8.1.Company overview
7.8.2.Key Executives
7.8.3.Company snapshot
7.8.4.Operating business segments
7.8.5.Product portfolio
7.8.6.R&D Expenditure
7.8.7.Business performance
7.8.8.Key strategic moves and developments

7.9.DINKLE INTERNATIONAL CO. LTD

7.9.1.Company overview
7.9.2.Company snapshot
7.9.3.Operating business segments
7.9.4.Product portfolio

LIST OF TABLES

TABLE 01.LATIN AMERICA LOW VOLTAGE ELECTRICAL CONNECTORS MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 02.LATIN AMERICA LOW VOLTAGE ELECTRICAL CONNECTORS MARKET FOR PCB CONNECTORS, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 03.LATIN AMERICA LOW VOLTAGE ELECTRICAL CONNECTORS MARKET FOR TAB CONNECTORS, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 04.LATIN AMERICA LOW VOLTAGE ELECTRICAL CONNECTORS MARKET FOR PLUG & SOCKET CONNECTORS, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 05.LATIN AMERICA LOW VOLTAGE ELECTRICAL CONNECTORS MARKET FOR TERMINAL STRIP CONNECTORS, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 06.LATIN AMERICA LOW VOLTAGE ELECTRICAL CONNECTORS MARKET FOR TERMINAL BLOCKS CONNECTORS, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 07.LATIN AMERICA LOW VOLTAGE ELECTRICAL CONNECTORS MARKET FOR OTHERS, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 08.LATIN AMERICA LOW VOLTAGE ELECTRICAL CONNECTORS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 09.LATIN AMERICA LOW VOLTAGE ELECTRICAL CONNECTORS MARKET FOR HVAC, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 10.LATIN AMERICA LOW VOLTAGE ELECTRICAL CONNECTORS MARKET FOR ELECTRICAL POWER, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 11.LATIN AMERICA LOW VOLTAGE ELECTRICAL CONNECTORS MARKET FOR INDUSTRIAL, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 12.LATIN AMERICA LOW VOLTAGE ELECTRICAL CONNECTORS MARKET FOR FACTORY AUTOMATION, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 13.LATIN AMERICA LOW VOLTAGE ELECTRICAL CONNECTORS MARKET FOR FIRE & SECURITY, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 14.LATIN AMERICA LOW VOLTAGE ELECTRICAL CONNECTORS MARKET FOR ELECTRONICS & COMMUNICATION, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 15.LATIN AMERICA LOW VOLTAGE ELECTRICAL CONNECTORS MARKET FOR AUTOMOTIVE, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 16.LATIN AMERICA LOW VOLTAGE ELECTRICAL CONNECTORS MARKET FOR PUBLIC INFRASTRUCTURE, BY COUNTRY,  2019–2027 ($MILLION)
TABLE 17.LATIN AMERICA LOW VOLTAGE ELECTRICAL CONNECTORS MARKET FOR OTHERS, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 18.LATIN AMERICA LOW VOLTAGE ELECTRICAL CONNECTORS MARKET REVENUE, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 19.LATIN AMERICA LOW VOLTAGE ELECTRICAL CONNECTORS MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 20.LATIN AMERICA LOW VOLTAGE ELECTRICAL CONNECTORS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 21.MEXICO LOW VOLTAGE ELECTRICAL CONNECTORS MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 22.MEXICO LOW VOLTAGE ELECTRICAL CONNECTORS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 23.COLOMBIA LOW VOLTAGE ELECTRICAL CONNECTORS MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 24.COLOMBIA LOW VOLTAGE ELECTRICAL CONNECTORS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 25.COSTA RICA LOW VOLTAGE ELECTRICAL CONNECTORS MARKET, BY TYPE, 2019–2027 ($MILLION)

TABLE 26.COSTA RICA LOW VOLTAGE ELECTRICAL CONNECTORS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 27.CHILE LOW VOLTAGE ELECTRICAL CONNECTORS MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 28.CHILE LOW VOLTAGE ELECTRICAL CONNECTORS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 29.PANAMÁ LOW VOLTAGE ELECTRICAL CONNECTORS MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 30.PANAMÁ LOW VOLTAGE ELECTRICAL CONNECTORS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 31.ARGENTINA LOW VOLTAGE ELECTRICAL CONNECTORS MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 32.ARGENTINA LOW VOLTAGE ELECTRICAL CONNECTORS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 33.REST OF LATIN AMERICA LOW VOLTAGE ELECTRICAL CONNECTORS MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 34.REST OF LATIN AMERICA LOW VOLTAGE ELECTRICAL CONNECTORS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 35.TE CONNECTIVITY LIMITED: KEY EXECUTIVES
TABLE 36.TE CONNECTIVITY LIMITED: COMPANY SNAPSHOT
TABLE 37.TE CONNECTIVITY LIMITED: OPERATING SEGMENTS
TABLE 38.TE CONNECTIVITY LIMITED: PRODUCT PORTFOLIO
TABLE 39.WAGO: KEY EXECUTIVES
TABLE 40.WAGO: COMPANY SNAPSHOT
TABLE 41.WAGO: PRODUCT PORTFOLIO
TABLE 42.WEIDMULLER: KEY EXECUTIVES
TABLE 43.WEIDMULLER: COMPANY SNAPSHOT
TABLE 44.WEIDMULLER: PRODUCT PORTFOLIO
TABLE 45.WECO CONTACT GMBH: KEY EXECUTIVES
TABLE 46.WECO CONTACT GMBH: COMPANY SNAPSHOT
TABLE 47.WECO CONTACT GMBH: PRODUCT PORTFOLIO
TABLE 48.PHOENIX CONTACT GMBH & CO. KG: KEY EXECUTIVES
TABLE 49.PHOENIX CONTACT GMBH & CO. KG: COMPANY SNAPSHOT
TABLE 50.PHOENIX CONTACT GMBH & CO. KG: PRODUCT PORTFOLIO
TABLE 51.PANDUIT:KEY EXECUTIVES
TABLE 52.PANDUIT: COMPANY SNAPSHOT
TABLE 53.PANDUIT: OPERATING SEGMENTS
TABLE 54.PANDUIT: PRODUCT PORTFOLIO
TABLE 55.PANDUIT: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 56.MOLEX:KEY EXECUTIVES
TABLE 57.MOLEX: COMPANY SNAPSHOT
TABLE 58.MOLEX: OPERATING SEGMENTS
TABLE 59.MOLEX: PRODUCT PORTFOLIO
TABLE 60.MOLEX: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 61.AMPHENOL:KEY EXECUTIVES
TABLE 62.AMPHENOL: COMPANY SNAPSHOT
TABLE 63.AMPHENOL: OPERATING SEGMENTS
TABLE 64.AMPHENOL: PRODUCT PORTFOLIO
TABLE 65.AMPHENOL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 66.DINKLE INTERNATIONAL CO. LTD.: COMPANY SNAPSHOT
TABLE 67.DINKLE INTERNATIONAL CO. LTD.: OPERATING SEGMENTS
TABLE 68.DINKLE: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.LATIN AMERICA LOW VOLTAGE ELECTRICAL CONNECTORS MARKET SNAPSHOT, BY SEGMENTATION
FIGURE 03.LATIN AMERICA LOW VOLTAGE ELECTRICAL CONNECTORS MARKET SNAPSHOT, BY COUNTRY
FIGURE 04.TOP IMPACTING FACTORS
FIGURE 05.MODERATE-TO-HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 06.MODERATE THREAT OF NEW ENTRANTS
FIGURE 07.MODERATE THREAT OF SUBSTITUTES
FIGURE 08.MODERATE-TO-HIGH INTENSITY OF RIVALRY
FIGURE 09.MODERATE-TO-HIGH BARGAINING POWER OF BUYERS
FIGURE 10.MARKET PLAYER POSITIONING, 2020
FIGURE 11.LATIN AMERICA LOW VOLTAGE ELECTRICAL CONNECTORS MARKET, BY TYPE, 2019–2027
FIGURE 12.LATIN AMERICA LOW VOLTAGE ELECTRICAL CONNECTORS MARKET, BY APPLICATION, 2019–2027
FIGURE 13.LATIN AMERICA LOW VOLTAGE ELECTRICAL CONNECTORS MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 14.MEXICO LOW VOLTAGE ELECTRICAL CONNECTORS MARKET, 2019–2027 ($MILLION)
FIGURE 15.COLOMBIA LOW VOLTAGE ELECTRICAL CONNECTORS MARKET, 2019–2027 ($MILLION)
FIGURE 16.COSTA RICA LOW VOLTAGE ELECTRICAL CONNECTORS MARKET, 2019–2027 ($MILLION)
FIGURE 17.CHILE LOW VOLTAGE ELECTRICAL CONNECTORS MARKET, 2019–2027 ($MILLION)
FIGURE 18.PANAMÁ LOW VOLTAGE ELECTRICAL CONNECTORS MARKET, 2019–2027 ($MILLION)
FIGURE 19.ARGENTINA LOW VOLTAGE ELECTRICAL CONNECTORS MARKET, 2019–2027 ($MILLION)
FIGURE 20.REST OF LATIN AMERICA LOW VOLTAGE ELECTRICAL CONNECTORS MARKET, 2019–2027 ($MILLION)
FIGURE 21.R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 22.TE CONNECTIVITY LIMITED: REVENUE, 2018–2020 ($MILLION)
FIGURE 23.TE CONNECTIVITY LIMITED: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 24.TE CONNECTIVITY LIMITED: REVENUE SHARE, BY COUNTRY, 2020 (%)
FIGURE 25.AMPHENOL: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 26.AMPHENOL: REVENUE, 2018–2020 ($MILLION)
FIGURE 27.AMPHENOL: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 28.AMPHENOL: REVENUE SHARE, BY REGION, 2020 (%)

 
 

According to CXOs of leading companies, rise in demand for high bandwidth connectors, growth in adoption of connectors in the telecommunication sector, and high investments in construction sector are expected to provide lucrative growth opportunities for the Latin America low voltage electrical connectors market growth. 

Moreover, emerging countries in Latin America are projected to offer significant growth opportunities for the market during the forecast period. In addition, growth in the telecommunication industry and high adoption of Internet of Things is expected to create growth opportunities for the market. Telecommunication sector is still on top and is expected to continue to progress, which provides an opportunity window for the low voltage electrical connectors market. 

In accordance with several interviews that were conducted with top level CXOs, adoption of connectors has increased in industrial networks as these industries are more prone to harsh physical and environmental conditions and require high quality connectors for communication. They require properly designed network to deliver productivity, efficiency, and reliability continuously. 

Electrical connectors play an important role in delivering continuous connectivity and withstand harsh environments. Rise in demand for high bandwidth connectors, increase in adoption of connectors in the telecommunication sector, and high investments in the construction sector are the prominent factors that drive growth of the Latin America low voltage electrical connectors market. 
 

 
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