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Industrial Connector Market Trends and Forecast
The future of the industrial connector market looks promising with opportunities in the factory automation and machinery, construction and civil engineering, and energy markets. The global industrial connector market is expected to reach an estimated $8.7 billion by 2028 with a CAGR of 6.8% from 2023 to 2028. The major drivers for this market are improving world GDP, rapid industrialization and increasing use of more advanced technologies such as industrial automation and robotics.