Global Crimp Ferrules Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Crimp Ferrules Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Ferrules are crimped onto the ends of electrical wires to provide a solid and reliable electrical connection. Because all of the bare wire strands are contained within the ferrule, they cannot come loose and possibly short against another connector. The ferrules also make it easier to insert the wire into connector blocks or terminals, and provide better conductivity and lower electrical resistance.

Market Overview:

The latest research study on the global Crimp Ferrules market finds that the global Crimp Ferrules market reached a value of USD 97002.4 million in 2022. It’s expected that the market will achieve USD 107506.0 million by 2028, exhibiting a CAGR of 1.73% during the forecast period.

The global crimp ferrules market has a total revenue of 77308 K USD back in 2012, and increased to 86196 K USD in 2017.

American wire gauge (AWG), also known as the Brown & Sharpe wire gauge, is a standardized wire gauge system used since 1857 predominantly in North America for the diameters of round, solid, nonferrous, electrically conducting wire.

RoHS stands for Restriction of Hazardous Substances, and impacts the entire electronics industry and many electrical products as well. The original RoHS, also known as Directive 2002/95/EC, originated in the European Union in 2002 and restricts the use of six hazardous materials found in electrical and electronic products. All applicable products in the EU market since July 1, 2006 must pass RoHS compliance.

Directive 2011/65/EU was published in 2011 by the EU, which is known as RoHS-Recast or RoHS 2. RoHS 2 includes a CE-marking directive, with RoHS compliance now being required for CE marking of products. RoHS 2 also added Categories 8 and 9, and has additional compliance recordkeeping requirements.

Directive 2015/863 was published in 2015 by the EU, which is known as RoHS 3. RoHS 3 adds four additional restricted substances (phthalates) to the list of six.

Region Overview:

Europe had the highest growth rate of all regions

Company Overview:

ENGESER GmbH, TE Connectivity, Zoller + Fröhlich GmbH were the top 3 players in the Tyre Protection Chain market in 2017, taking up a market share of 45.59% together.

Segmentation Overview:

Among different product types, Insulated segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Insulated segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Crimp Ferrules market covered in Chapter 3:

WEIDMULLER
BM GROUP
NICHIFU
JST
Altech Corporation
American Electrical Inc.
Phoenix Contact
Zoller + Fröhlich GmbH
ENGESER GmbH
Vogt AG Verbindungstechnik
Thomas & Betts Corporation
TE Connectivity
Schneider Electric
Miromar
RS Components
Panduit

In Chapter 4 and Chapter 14.2, on the basis of types, the Crimp Ferrules market from 2018 to 2029 is primarily split into:

Insulated
Non-insulated

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Crimp Ferrules market from 2018 to 2029 covers:

Electric
Communication
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)