Abstract
Bishop and Associates, Inc. has just released a new 10 chapter research report
providing a complete analysis of The World Industrial Market For Connectors.
This new report details 30 specific categories of industrial controls, and 8
categories of production equipment. Connector values are provided for each
category for the years 2005, 2006, and 2010, as well as each region of the
world.
In 2005, the world demand for connectors in the industrial achieved a
year-over-year growth rate of 8.5%. We believe that this growth is
sustainable over the next five years, making the connector demand in the
industrial market $6.0 billion by the year 2010, for a Compound Annual Growth
Rate (CAGR) of 8.0%.
The industrial market encompasses all products used in manufacturing the
equipment and the products they produce. This report seeks to identify the
larger segments of the market where a focus may result in a new opportunity.
These are the segments that represent the largest potential consumers of
connectors. Volume manufacturers usually employ automated equipment, which
typically uses a greater amount of electronics, and connectors. There are
areas like Programmable Logic Controllers (PLCs), industrial buses, robotics,
and assembly lines that are generic and cut across industries in the
industrial segment. In addition, this study will address segments such as
those that meet the basic needs of food, clothing and shelter. There is also
the industry around pharmaceuticals. All of these industries are large because
of the scope of their mission.
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