Frbiz Analyzes Developments in China's 2010 Connectors Market

BEIJING, Sept. 16 /PRNewswire-Asia/ -- Frbiz.com one of China's leading B2B search platforms, analyzes China connectors market.

The connector market is sensitive to terminal field changes. In 2009, due to the financial crisis, electronic product sales fell sharply. Because of the recession, the 2009 global connector market dropped about 25%. Since 2009 Europe has remained the world's largest connector market. Annual sales reached 8,486 million U.S. dollars. North America is the second largest connectors market. In 2009, annual sales reached 7,131 U.S. dollars. In the two big markets in 2009, sales dropped respectively 26.8% and 24.4%. In 2009, China's connector market also showed its first signs of negative growth.

Although the connector market in 2009 was stymied, there were several fields that promoted the development of the connector market, such as wireless technology and new energy technologies applications. In the past five years, wireless applications have affected connector market growth by around 5%. 3G network popularizations, especially China's 3G promotions, have increased telecommunications use of connectors and created continuing growth space. In China, 3G and new energy are the development priority of future years. Among others are the wind, solar battery and photovoltaic power generation industries which will largely use connectors and bring further growth for the industry.

In addition, as consumer electronics, automobile electronics and networking market growth becomes faster, global connectors continue to be transferred to Asia and China. Asia has become the area with the most potential development for connectors, while China is expected to become the place for the fastest growth and largest capacity in the global market.

China, in the next decade, will bring great development opportunities for the connector industry. Switch connectors, broadband connector, rf connectors, high speed connectors, cable components and the back panel connectors, all will welcome this prosperous development trend.

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SOURCE Frbiz.com