Latin America Low Voltage Electrical Connectors Market Opportunity Analysis and Industry Forecast to 2027: Connector Adoption Growth in Telecommunications Sector

DUBLIN, October 05, 2021– (BUSINESS WIRE) – The report “Latin America Low Voltage Electrical Connectors Market by Type and Application: Analysis of Industry Opportunities and Forecast, 2020-2027” has been added to ResearchAndMarkets.com offer.

The Latin America low voltage electrical connectors market size is expected to reach $ 1.62 billion by 2027, up from $ 1.01 billion in 2019, with a CAGR of 6.88% from 2020 to 2027.

Electrical connectors are devices that connect electrical circuits together. These are one of the key elements used by various industries to transfer data and provide high-end connectivity between endpoints. In addition, an increase in government initiatives to improve connectivity in the country and an increase in the demand for higher bandwidth networks by different industries are expected to drive the growth of the low voltage electrical connectors market in Latin America. There is a significant demand for high bandwidth in the telecommunications industry and cloud applications. The wired transmission connection offers greater bandwidth, improved reliability and agility, and improved security compared to wireless communication.

Rising demand for high bandwidth connectors, growth of connector adoption in telecommunications industry, and high investment in construction industry are the major factors driving the growth of low voltage electrical connectors market. in Latin America. The construction industry offers several investment opportunities for businesses, given the country’s ambitious scope for modernizing infrastructure, developing smart cities, and improving logistics and transportation routes.

The construction sector is growing at a breakneck pace, especially in developing countries like Mexico and Brazil, with increased participation of public and private market players. Some of the main drivers of the construction sector are industrial corridors, smart city projects, and increasing demand for commercial spaces such as hotels, offices, retail and entertainment units.

In addition, an increase in initiatives to increase connectivity in rural areas is expected to provide lucrative opportunities for the expansion of the low voltage electrical connector industry in Latin America during the forecast period. In addition, the lack of key broadband infrastructure connecting many homes in the country has resulted in increased connection problems, which have been exacerbated by the COVID-19 crisis.

The Latin America low voltage electrical connector market is segmented on the basis of type, application, and countries. On the basis of type, the market is classified into PCB connectors, TAB connectors, male and female connectors, terminal block connectors, terminal block connectors and others. Applications covered in the market include HVAC, electrical power, industry, factory automation, fire and security, electronics and communication, automotive, public infrastructure and others.

Market trends for Latin America are analyzed in Mexico, Colombia, Costa Rica, Chile, Panama, Argentina and the rest of Latin America. Mexico had the highest market share, due to the expanding electronics and telecommunications market. The major players operating in the market are TE Connectivity, WAGO, Weidmuller, WECO Contact GmbH and PHOENIX CONTACT GmbH & Co. KG., Panduit, Molex, LLC, Amphenol Corporation and Dinkle International Co. Ltd.

Main topics covered:

CHAPTER 1 INTRODUCTION

CHAPTER 2: EXECUTIVE SUMMARY

CHAPTER 3: MARKET OVERVIEW

3.1. Definition and scope of the market

3.2. Main conclusions

3.2.1. Main impact factors

3.2.2. The best investment pockets

3.3. Porter’s Five Forces Analysis

3.4. Positioning of market players

3.5. Market dynamics

3.5.1. Conductors

3.5.1.1. Increased demand for high bandwidth connectors

3.5.1.2. Growth in connector adoption in the telecommunications industry

3.5.1.3. High investments in the construction sector

3.5.2. Detention

3.5.2.1. High installation costs

3.5.3. Opportunities

3.5.3.1. Increased 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 assessment

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

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

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

CHAPTER 7: COMPANY PROFILES

For more information on this report, visit https://www.researchandmarkets.com/r/k03q5m

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