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Electric Vehicle (EV) Electrical Connector Market Size to Grow USD 12620 Million by 2030 at a CAGR of 5.1% | Valuates Reports

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BANGALORE, India, Oct. 3, 2024 /PRNewswire/ — EV Electrical Connector Market is Segmented by Type (Wire to Wire Connector, Wire to Board Connector, Board to Board Connector), by Application (Passenger Car, Commercial Vehicle): Global Opportunity Analysis and Industry Forecast, 2024-2030.

The Global Electric Vehicle Electrical Connector Market was valued at USD 8914 Million in 2023 and is anticipated to reach USD 12620 Million by 2030, witnessing a CAGR of 5.1% during the forecast period 2024-2030.

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Major Factors Driving the Growth of Electric Vehicle Electrical Connector Market:

The Electric Vehicle (EV) Electrical Connector Market is experiencing robust growth, fueled by the increasing global adoption of electric vehicles. EVs depend on sophisticated electrical systems for power management, making the demand for reliable, high-performance connectors more critical than ever. These connectors are vital for ensuring seamless connectivity between key components such as batteries, motors, and control units.

Market expansion is further supported by government incentives, stricter environmental regulations, and the growing development of EV charging networks.

Leading industry players are focusing on innovations in connector technologies, designed to handle higher voltages and current capacities while ensuring efficiency, durability, and safety.

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TRENDS INFLUENCING THE GROWTH OF THE EV ELECTRICAL CONNECTOR MARKET:

Wire-to-wire connectors play a crucial role in the growing electric vehicle (EV) market. These connectors facilitate efficient power distribution and signal transmission between electrical components within an EV, ensuring the seamless operation of essential systems such as battery management, powertrain control, and in-car infotainment. As EVs increase in complexity, the demand for reliable and efficient wire-to-wire connectors rises. This demand is driven by the need for enhanced performance, durability, and safety in electrical systems. The expanding EV market, coupled with technological improvements in connector designs, continues to boost the demand for wire-to-wire connectors in the industry.

Wire-to-board connectors are key components in EV electrical systems, connecting individual wires to printed circuit boards (PCBs) in crucial areas like control systems and battery management. These connectors help maintain signal integrity and power distribution, supporting the efficient functioning of various subsystems. As EVs continue to evolve, there’s an increased emphasis on lightweight and compact designs, which wire-to-board connectors support by offering compact solutions with high power capabilities. With the rise of advanced EV architectures, wire-to-board connectors are critical for ensuring optimal connectivity, further driving growth in the EV electrical connector market.

The growing adoption of electric passenger cars significantly drives the demand for EV electrical connectors. Passenger vehicles represent a large portion of the automotive market, and as governments and consumers increasingly prioritize sustainability, the shift toward electric alternatives accelerates. Electric passenger cars require highly reliable and efficient electrical connectors to ensure optimal power distribution, safety, and performance. With the rise of EV sales and stringent emissions regulations, manufacturers are investing in advanced electrical connector systems that enhance vehicle efficiency, further stimulating market growth in this segment.

Stringent government regulations and emission standards are major drivers in the electric vehicle electrical connector market. As global emissions regulations tighten, automotive manufacturers are being pushed to adopt electric vehicles to meet environmental targets. This shift increases the demand for reliable and efficient electrical connectors that can support high-voltage applications, ensuring the safe and efficient distribution of power. Government incentives and subsidies for EV adoption are further accelerating market growth, as manufacturers invest in innovative connector solutions to comply with evolving standards, thus driving the market forward.

Consumer demand for electric vehicles is steadily rising due to increasing awareness about environmental sustainability and the long-term cost savings associated with EVs. The growth of EV sales is directly linked to the expansion of the electric vehicle electrical connector market, as more vehicles require advanced electrical systems. Electric connectors are essential components in ensuring the safety, performance, and longevity of these vehicles. As EV production scales up to meet consumer demands, the need for robust, reliable connectors grows, leading to further expansion in the connector market.

The expansion of EV charging infrastructure globally is another critical factor driving the electric vehicle electrical connector market. As more charging stations are developed to meet the needs of a growing EV fleet, the demand for reliable and high-performance connectors capable of handling high-power transmission increases. Connectors used in charging stations must ensure safe and efficient power delivery. This growing infrastructure investment in charging facilities, coupled with advancements in fast-charging technology, is boosting the demand for robust electrical connectors.

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EV ELECTRICAL CONNECTOR MARKET SHARE:

The electric vehicle electrical connector market shows significant regional variation, with the Asia-Pacific region leading in market share due to the rapid adoption of EVs in countries like China, Japan, and South Korea. These nations have strong government support for EV production and adoption, along with a well-established supply chain for electrical components. Europe and North America are also key markets, driven by stringent emission regulations and consumer demand for greener transportation solutions. These regions are witnessing substantial growth in EV production, further propelling the demand for electrical connectors in the market.

Key Companies:

MolexSumitomoJAEKETRosenbergerLUXSHARETE ConnectivityYazakiJSTDelphiAmphenol

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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!

–  Automotive Battery Management System Market revenue was USD 2869.1 Million in 2022 and is forecast to a readjusted size of USD 12630 Million by 2029 with a CAGR of 22.3% during the forecast period (2023-2029).

–  Electric Scooter and Motorcycle market was valued at USD 5682.6 Million in 2023 and is anticipated to reach USD 8169.5 Million by 2030, witnessing a CAGR of 5.4% during the forecast period 2024-2030.

–  Electric Vehicle Battery Recycling Market

–  Electric Vehicle Battery Market

–  Vehicle Glass Connector Market

–  Electric Vehicle Battery Swapping Connector Market

–  Electric Car Market

–  EV High Frequency High Speed Connector Market

–  Electric Vehicle Market

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To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.

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Globee® Awards for USA Invites Business Owners, Industry Experts, and Working Professionals to Participate as Judges

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As volunteer judges, participants can evaluate exceptional achievements and innovations across various industries, helping to recognize the best in American business.

SAN FRANCISCO, Oct. 3, 2024 /PRNewswire-PRWeb/ — The Globee® Awards for USA, a premier data-driven business awards program, invites businesses and working professionals to join its distinguished panel of judges. As volunteer judges, participants can evaluate exceptional achievements and innovations across various industries, helping to recognize the best in American business.

The judging process is data-driven and involves a peer-to-peer and industry expert review. Judges will play a critical role in selecting winners for this prestigious program.

For more details and to submit your application to participate as a judge, visit https://globeeawards.com/american-business/

The judging process is data-driven and involves a peer-to-peer and industry expert review. Judges will play a critical role in selecting winners for this prestigious program.

ABOUT THE GLOBEE AWARDS

The Globee Awards present recognition in ten programs and competitions, including the Globee® Awards for Artificial Intelligence, Globee® Awards for Business (International), Globee® Awards for Customer Excellence, Globee® Awards for Cybersecurity, Globee® Awards for Disruptors, Globee® Awards for Innovation (also known as Golden Bridge Awards®), Globee® Awards for Technology, Globee® Awards for Leadership, Globee® Awards for USA (previously known as Globee® Awards for American Business), and Globee® Awards for Women In Business. To learn more about the Globee Awards, please visit the website: https://globeeawards.com.

#GlobeeAwards #BusinessAwards #ArtificialIntelligence #Technology #Cybersecurity #BestCompany #IndividualAchievements

All trademarks belong to their respective owners.

Media Contact

San Madan, Globee Awards, (408) 689-2203, help@globeeawards.com, https://globeeawards.com

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SOURCE Globee Awards

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LabVantage Solutions Applauded by Frost & Sullivan for Its Industry-leading Flexible, Scalable, and Cost-effective LIMS Solutions

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LabVantage Solutions’ strategic expansion and robust internal capabilities position it as a leader in the laboratory informatics market, driving advancements and enhancing operational efficiencies for its global clientele.

SAN ANTONIO, Oct. 3, 2024 /PRNewswire/ — Frost & Sullivan assessed the laboratory information management systems (LIMS) industry and, based on its findings, recognizes LabVantage Solutions with the 2024 Global Company of the Year Award. A leading provider of comprehensive laboratory (lab) informatics platforms, LabVantage Solutions offers differentiated, value-added solutions to transform data into knowledge and empower laboratories to address emerging business challenges and capitalize on future opportunities. The company helps customers streamline laboratory processes, manage data, and integrate systems to improve workflow efficiency. It has established itself as a leading LIMS provider globally and was recognized as the highest-ranking LIMS vendor in growth and innovation in Frost & Sullivan’s first Frost Radar™ report for LIMS in 2023 and 2024.

LabVantage LIMS is an enterprise platform serving the full product life cycle. The cornerstone of the company’s offerings, it is consistently developed to meet and exceed industry standards by integrating cutting-edge features and enhanced functionalities. LabVantage LIMS can minimize manual errors, support rapid upgrades, reduce infrastructure costs, and boost resource management.

LabVantage Solutions’ strategic partnerships, specialized solutions, and regulatory compliance improve data security and serve various industries, including pharmaceuticals, biotechnology, food and beverage, oil and gas, forensics, academia, and the public sector. The company also offers a unique, comprehensive solution that combines nearly four decades of innovation and industry expertise into an ever-evolving, transformative platform. Built on a solid, technologically advanced foundation that is 100% web browser-based, it uses nonproprietary code for ease of maintenance and no-code configurability. During the past decade, the LabVantage Solutions platform has expanded from specific capabilities to a broader integrated suite that includes an electronic lab notebook (ELN), lab execution system (LES), scientific data management system (SDMS), and customer portal. LabVantage Solutions’ Software-as-a-Service (SaaS), a major growth initiative, enables customers to reduce their IT burden while keeping up to date with rapidly evolving capabilities. The platform’s evolution has contributed significantly to new business wins, aligning with the company’s growth trajectory and allowing faster deployment, enriched features, and enhanced customer experiences.

Lucila Martin, healthcare and life sciences research analyst at Frost & Sullivan, observed: “LabVantage distinguishes itself with an extensive product lineup, smooth integration capabilities, and dedication to facilitating digital transformation in laboratories. Given the early and strategic growth of SaaS as part of its business, the company enhances its ability to capitalize on LIMS market trends and opportunities.”

The adaptability of the LabVantage LIMS platform allows customers to select and implement specific modules according to their needs with the flexibility to scale usage as required. LabVantage Solutions’ global presence and corporate customer base of more than 1,500 organizations highlight its ability to adapt and excel within the competitive life sciences sector. In 2024, the company achieved more than 100 software deployments across the pharma, biotechnology, and healthcare industries, leading to significant improvements in operational productivity. Its ability to deliver comprehensive solutions and leverage cutting-edge research ensures that LabVantage Solutions remains at the forefront of scientific advancements while continually improving its offerings.

“LabVantage’s strategic expansion into new markets, such as Colombia, Brazil, Korea, and Hong Kong, combined with its acquisition of SEIN Infotech, highlights its commitment to expanding globally. Collaborations with entities, including TCG Digital and TCG Crest, bolster the company’s ability to remain at the forefront of scientific advancements. LabVantage’s strategic adaptability, innovative solutions, and relentless focus on customer needs collectively establish it as a pioneering force in the LIMS sector,” added Norazah Bachok, best practices research analyst at Frost & Sullivan.

“It is a great honor to be awarded Company of the Year in the global LIMS industry by an esteemed industry advisory firm such as Frost & Sullivan,” said Mikael Hagstroem, CEO of LabVantage Solutions. “This recognition is a result of the dedication and passion that my 1,223 colleagues put into changing from a product-centric to a truly client-focused company with a focus on delivering client impact.”

Each year, Frost & Sullivan presents this award to the company that has demonstrated excellence in devising a strong growth strategy and robustly implementing it. The recipient has shown strength in terms of innovation in products and technologies, leadership in customer value, as well as speed in response to market needs. The award looks at the emerging market players in the industry and recognizes their best practices that are positioned for future growth excellence.

Frost & Sullivan Best Practices awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.

About Frost & Sullivan

For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, megatrends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion. Contact us: Start the discussion.

Contact:

Camila Tinajero
P: +54911 6713 2748
E: Camila.Tinajero@frost.com

About LabVantage Solutions
A recognized leader in enterprise laboratory software solutions, LabVantage Solutions dedicates itself to improving customer outcomes by transforming data into knowledge. The LabVantage informatics platform is highly configurable, integrated across a common architecture, and 100% browser-based to support hundreds of concurrent users. Deployed on-premise or via SaaS, it seamlessly interfaces with instruments and other enterprise systems – enabling true digital transformation. The platform consists of the most modern laboratory information management system (LIMS) available, integrated electronic laboratory notebook (ELN), laboratory execution system (LES), scientific data management system (SDMS), and advanced analytics; and, for healthcare settings, a laboratory information system (LIS). We support more than 1500 global customer sites in the life sciences, pharmaceutical, medical device, biobank, food & beverage, consumer packaged goods, oil & gas, genetics/diagnostics, forensic, and healthcare industries. Headquartered in Somerset, NJ, with global offices, LabVantage has offered its comprehensive portfolio of products and services to enable customers to innovate faster in the R&D cycle, improve manufactured product quality, achieve accurate record-keeping, and comply with regulatory requirements for four decades. For more information, visit labvantage.com.

Media Contact:

Charya Wickremasinghe, Ph.D.
Brandwidth Solutions LLC
cwickremasinghe@brandwidthsolutions.com

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EVERI DIGITAL TO SHOWCASE ONLINE VERSIONS OF LAND-BASED HITS, PRESS YOUR LUCK™: WHAMMY WILDS AND CASH MACHINE JACKPOTS®, AT GLOBAL GAMING EXPO 2024

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New Arcade Style, Instant Win Games Also on Display at G2E

LAS VEGAS, Oct. 3, 2024 /PRNewswire/ — Everi Digital, the online gaming business of Everi Holdings Inc. (NYSE: EVRI) (“Everi” or the “Company”), a premier provider of land-based and digital casino gaming content and products, financial technology, player loyalty solutions, and bingo, will highlight its commitment to provide EVERIthing casino and venue operators need to engage patrons by debuting online titles derived from player-popular themes in Everi’s land-based library and arcade style, instant win games unique to the iGaming space at the Global Gaming Expo (G2E®), October 7-10, 2024 (Booth #1150).

Everi Digital will launch an online version of the casino-floor favorite Press Your Luck™: Whammy Wilds, based on the iconic game show. This new online theme will offer a $100,000 jackpot opportunity, representing the largest jackpot prize in the Company’s iGaming history. Press Your Luck: Whammy Wilds boasts the 243 Ways™ feature to win and allows players to immerse themselves in the game show experience with the innovative hold-and-respin bonus.

The land-based, three-reel Cash Machine Jackpots® and Triple Jackpot Gems Deluxe® will also be introduced in an online format at G2E. Both themes are high-performing, player-favorite titles within Everi’s award-winning mechanical library and feature multiple progressive jackpot tiers.

“With the launch of some of Everi’s most popular land-based themes for online players, we are demonstrating our ability to deliver exciting gaming entertainment experiences to players EVERIwhere they are,” said Marshall Adair, SVP Everi Digital. “G2E is an opportunity to showcase Everi Digital’s commitment to providing unique experiences to engage online players, informed by the proven performance of our land-based titles that help drive the continued growth trajectory of our iGaming business.”

At G2E 2024, Everi Digital will also showcase Off The Hook Good Ol’ Fishin’ Hole™, a unique fishing experience that is part of a new genre of instant win games that fit the industry trend of experiential themes. Online players can cast lines and try to reel in 18 unique species of fish, with a chosen bet level determining the range of fish players can win. The celestial-based Stellar Bounties™, available soon for online real money gaming, will also be on display at G2E and features an arcade-style game with innovative gameplay.

The online game catalog from Everi Digital now consists of more than 100 distinct titles with a footprint spanning North America and Europe. This portfolio of iGaming content is housed and delivered via Everi’s proprietary Spark™ Remote Game Server.

Everi’s display of digital products at G2E 2024 will also include Video King, an integrated electronic bingo gaming management system that also features slot gaming content and instant win 24-number bingo games available from the player tablets. Both Video King and Vi™ – a revolutionary, on-property mobile gaming solution with Everi’s Class II and Class III digital games – signify an expansion of the addressable market for Everi Digital’s player-popular gaming content.

About Everi
Everi’s mission is to lead the gaming industry through the power of people, imagination, and technology. As one of the largest suppliers of technology solutions for the casino floor that also has an expanding focus in adjacent industries, our commitment is to continually develop products and services that provide gaming entertainment, improve our customers’ patron engagement, and help our customers operate their businesses more efficiently. We develop entertaining game content, gaming machines, and gaming systems to serve our land-based, iGaming and bingo operators. Everi is a leading innovator and provider of trusted financial technology solutions that power casino floors, improve casinos‘ operational efficiencies, and fulfill regulatory compliance requirements. The Company also develops and supplies player loyalty tools and mobile-first applications that drive increased patron engagement for our customers and venues in the casino, sports, entertainment, and hospitality industries. For more information, please visit www.everi.com.

Join Everi on Social Media

Twitter:  https://twitter.com/everi_inc
LinkedIn:  https://www.linkedin.com/company/everi
Facebook:  https://www.facebook.com/EveriHoldingsInc/
Instagram:  https://www.instagram.com/everi_inc

Legal Notices

Press Your Luck ®/© FremantleMedia Netherlands B.V. (2024) Licensed by Fremantle. All Rights Reserved. www.fremantle.com.

Contacts: 
Everi Media Relations
Dona Cassese
VP, Marketing
(702) 556-7133 or dona.cassese@everi.com

Mike Young
Corporate Communications
(702) 518-9179 or mike.young@everi.com

Everi Investor Relations
Jennifer Hills
VP, Investor Relations
(908) 723-5841 or jennifer.hills@everi.com

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SOURCE Everi Holdings Inc.

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