Panel Rack Mount Power Connector Market Report 2026

The panel rack mount power connector market size has grown strongly in recent years. It will grow from $3.64 billion in 2025 to $3.85 billion in 2026 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to growth in data center infrastructure, increasing deployment of server racks, rising demand for reliable power connectivity, expansion of industrial automation systems, need for standardized power interfaces.

The panel rack mount power connector market size is expected to see strong growth in the next few years. It will grow to $4.68 billion in 2030 at a compound annual growth rate (CAGR) of 5%. The growth in the forecast period can be attributed to expansion of hyperscale data centers, rising edge computing deployments, increasing power density requirements, growth of smart manufacturing facilities, demand for easy to install and maintain power connectors. Major trends in the forecast period include rising demand for high density power distribution in server racks, growing adoption of standardized panel mount power interfaces, increasing need for high current and high reliability connectors, rising focus on modular and space efficient rack designs, growing emphasis on safety certified and locking power connectors.

The growing popularity of electric vehicles (EVs) is projected to boost the panel rack mount power connector market in the future. EVs are powered by electricity, utilizing electric motors and batteries instead of traditional internal combustion engines fueled by gasoline or diesel. Several factors are contributing to the increased adoption of electric vehicles, such as environmental concerns, advancements in battery technology, government incentives, lower operating costs, and the expansion of charging infrastructure. Panel rack mount power connectors play a crucial role in electric vehicles by providing reliable power connections for EV charging stations, ensuring safe and efficient energy delivery to the vehicle's battery systems. For example, a report by Kelley Blue Book, a Cox Automotive company, published in January 2024, revealed that in 2023, 1.2 million car buyers in the U.S. chose electric vehicles, making up 7.6% of the total vehicle market, up from 5.9% in 2022. As a result, the rising adoption of electric vehicles is fueling the growth of the panel rack mount power connector market.

Major companies operating in the panel rack mount power connector market are focusing on developing advanced solutions such as compact hybrid power-and-data connectors to improve space efficiency and reduce wiring complexity in dense equipment racks. A compact hybrid power-and-data connector integrates power, signal, and high-speed data contacts into a single mating interface, saving board and panel space while simplifying installation and lowering the bill of materials. For instance, in May 2024, Molex, a US-based interconnect manufacturer, introduced the MX-DaSH connector family, featuring integrated power, signal, and high-speed data contacts that reduce packaging requirements by up to 30% and support automated harness assembly. The MX-DaSH series shortens assembly time by combining multiple functions in one connector, reducing the number of separate cable runs and terminations. It supports multiple terminal sizes for flexible power and signal assignments and meets global standards with validated performance for demanding environments, enabling equipment makers to densify rack and panel designs while maintaining reliability.

In August 2024, 4Cabling Pty Ltd., an Australia-based provider of cabling products, acquired 4LAN for an undisclosed sum. Through this acquisition, 4Cabling seeks to broaden its product range and enhance its presence in the data, fiber connectivity, and server rack solutions markets. 4LAN Pty Ltd., also based in Australia, is a network infrastructure company that specializes in offering structured cabling solutions and services.

Major companies operating in the panel rack mount power connector market are TE Connectivity Ltd., Delta Electronics Inc., Amphenol Corporation, Molex LLC, Phoenix Contact GmbH & Co. KG, Lapp Group, Hirose Electric Co. Ltd., Samtec Inc., Smiths Interconnect, HARTING Technology Group, Bel Fuse Inc., LEMO, Glenair Inc., Souriau, ODU GmbH & Co.KG, ITT Inc., Fischer Connectors, Positronic, Schurter Holding AG, Bulgin Limited, Anderson Power Products, Neutrik, Switchcraft and Conxall, CUI Inc., Kycon Inc.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs have impacted the panel rack mount power connectors market by increasing the cost of imported metals, precision components, and electrical contact materials used in connector manufacturing. These effects are most visible in data centers, IT infrastructure, and industrial automation segments across north america, europe, and asia pacific. Higher input costs have pressured connector pricing and procurement budgets. At the same time, tariffs have encouraged local manufacturing, supply chain diversification, and design optimization to reduce material dependency and overall costs.

The panel rack mount power connector market research report is one of a series of new reports that provides panel rack mount power connector market statistics, including the panel rack mount power connector industry global market size, regional shares, competitors with panel rack mount power connector market share, detailed panel rack mount power connector market segments, market trends, and opportunities, and any further data you may need to thrive in the panel rack mount power connector industry. These panel rack mount power connector market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Panel rack mount power connectors are custom connectors engineered for simple and secure attachment to panels or racks for power supply connections. These connectors are crucial for dependable power distribution and management, boasting sturdy construction, high current-handling capabilities, and suitability for standard rack mounting setups, thereby constituting vital elements in power distribution networks.

The primary categories of panel rack mount power connectors comprise alternating current (AC) and direct current (DC) variants. AC power connectors facilitate the transmission of AC power from a power source to diverse devices, equipment, and systems. These connectors find utility across multiple sectors including information technology (IT) and telecommunications, consumer electronics, industrial automation, automotive, aerospace and defense, healthcare, among others, for applications such as server racks and data centers.North America was the largest region in the panel rack mount power connector market in 2025. Asia-Pacific is expected to be the fastest expansion region in the forecast period. The regions covered in the panel rack mount power connector market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the panel rack mount power connector market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The panel rack mount power connector market consists of sales of power entry modules, panel mount power connectors, power distribution panels, rack-mounted power distribution units, and accessories and mounting hardware. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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