Push-in-wire Connectors Market to reach a revised size of US$ 323.62 million by 2029

Push-in-wire connectors are a type of electrical connector that are used to quickly and easily connect wires without the need for stripping or twisting. These connectors have become increasingly popular in the electrical industry due to their ease of use, speed of installation, and reliable performance.

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The global push-in-wire connectors market has been growing rapidly in recent years, driven by the increasing demand for faster and more efficient wiring solutions.

Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Push-in-wire Connectors was estimated at US$ 234.01 million in the year 2022, is projected to reach a revised size of US$ 323.62 million by 2029, growing at a CAGR of 4.18% during the forecast period 2023-2029.

North American market for Push-in-wire Connectors was valued at $ 58.43 million in 2022 and will reach $ 78.49 million by 2029, at a CAGR of 3.92% during the forecast period of 2023 through 2029.

Asia-Pacific market for Push-in-wire Connectors was valued at $ 94.79 million in 2022 and will reach $ 134.66 million by 2029, at a CAGR of 4.37% during the forecast period of 2023 through 2029.

Europe market for Push-in-wire Connectors was valued at $ 58.18 million in 2022 and will reach $ 80.22 million by 2029, at a CAGR of 4.24% during the forecast period of 2023 through 2029.

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By Company-
- HellermannTyton
- Ideal Industries
- Wago
- TE Connectivity
- Heavy Power
- ECM Industries
- TAMCO
- Blockmaster

Segment by Type
- =4 Poles
- 5-6 Poles
- More than 6 Poles

Segment by Application
- Distribution and Junction Boxes
- Lighting Installations
- Industrial
- Building Installation Wiring
- Others

The Asia Pacific region is expected to dominate the push-in-wire connectors market during the forecast period due to the growing demand for electrical connectors in the region's rapidly expanding manufacturing sector. North America and Europe are also expected to contribute significantly to the market growth due to the increasing adoption of smart homes and the growing demand for energy-efficient buildings.

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This release was published on openPR.