Crimping involves using a tool to deform a metal or material in order to seal the particular joint. Tools specifically designed for crimping are known as crimpers or crimping pliers. Crimpers are available in a number of designs and sizes. The number of differences in the purpose and function need to be navigated in choosing the proper crimper for the job. Smart crimpers help in creating a perfect crimp by automatically measuring the inserted connector and applying ideal compression depth and force. Major businesses using smart crimpers include electrical and communications industries due to the large number of connectors used on wires. With the rise in the amount of data the need of the faster connected networks continue to increase, thereby leading to the growth of smart crimper market.
The traditional crimpers require considerable manual pressure and precision and are mostly suitable for single wire crimping jobs. However, the heavier jobs involve metals that are harder to deform or for the jobs requiring for the lot of crimping processes. Repeating similar actions many times can cause extensive hand stress and discomfort which can even lead to serious injury. This has led to the growth of the smart crimpers market. Currently, vendors are providing smart crimpers with various wireless technologies including RFID and Bluetooth which enables users to transfer the confirmation data from the tool to the mobile device or to cloud using the custom made apps. This also enables users to crimp data from the cloud whenever needed and use the data to verify the work and stay compliant with the rules and designs.
A major driver boosting the growth of the global smart crimper market includes the increasing number of data centers and demand for critical power systems within enterprises. This has led to complex electrical and communication networks where efficient crimping is required and even a small error during the crimping process can lead to the loss of operations which impacts the company. Also, smart crimpers tend to be safe as compared to traditional crimpers, thereby leading to its demand globally.
The global smart crimper market can be categorized based on solution, enterprise size, application, end-users, and region. On the basis of solution, the global smart crimper market can be classified into hardware, control management software, and services. On the basis of hardware, the global smart crimper market can be classified into crimping device, crimper control, and accessories. Based on services, the global smart crimper market can be classified into consulting, installation, and maintenance and support services. In terms of enterprise size, the global smart crimper market can be classified into large enterprises and small and medium enterprises (SMEs). On the basis of application, the global smart crimper market can be classified into critical power systems, data centers, power critical equipment and switch gear, and critical asset installations. In terms of end-users, the global smart crimper market can be classified into individuals/electricians and enterprises. The enterprise segment can further be classified into construction, data center, IT and telecom, automobiles, and others. Based on region, the global smart crimper market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Major players operating in the global smart crimper market include JD Martin Company, ABB (ASEA Brown Boveri) Group, Continental AG, Crimpcloud and many others. These vendors continue to invest considerably in expanding their service portfolio in order to integrate advanced technologies and introduce innovative services to increase market share. Also, the vendors continue to establish new partnerships with local players so as to expand their presence and increase share in the regional markets.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.