Terminal Block Global Market Report 2024

Description

Terminal Block Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on terminal block market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for terminal block? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The terminal block market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Barriers Or Barrier Strips; Sectional Terminal Blocks; PCB Mount Terminal Blocks; Power Terminal Blocks; Other Types
2) By Function Type: Single-Level Feed-Through Terminal Blocks; Dual-Level Terminal Blocks; Three-Level Blocks; Ground Circuit Terminals; Fuse Terminal Blocks; Other Functions
3) By Industry: Business Equipment; HVAC Systems; Power Supplies; Industrial Controls; Process Control Instruments; Telecom Equipment; Transportation; Other Industries
Companies Mentioned: TE Connectivity Ltd.; Omron Corporation; Eaton Corporation PLC; Rockwell Automation Inc.; Molex LLC
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Terminal blocks are connectors used for creating semi-permanent electrical connections, comprising a clamping component and a conducting strip within an insulated frame to secure two or more wires together. They facilitate connections that may need occasional inspections, wire replacements, repairs, or alterations.

The primary types of terminal blocks include barriers, barrier strips, sectional terminal blocks, PCB mount terminal blocks, power terminal blocks, and various other configurations. Barriers or barrier strips are interfaces composed of a metal strip and connectors or screws to secure wires. These blocks perform various functions such as single-level feed-through connections, dual-level and three-level blocks, ground circuit terminals, fuse terminal blocks, among others. Terminal blocks find applications across multiple industries including business equipment, HVAC (heating, ventilation, and air conditioning) systems, power supplies, industrial controls, process control instruments, telecommunications equipment, transportation, and more for facilitating electrical connections.

The terminal block market research report is one of a series of new reports from The Business Research Company that provides terminal block market statistics, including terminal block industry global market size, regional shares, competitors with a terminal block market share, detailed terminal block market segments, market trends and opportunities, and any further data you may need to thrive in the terminal block industry. This terminal block market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The terminal block market size has grown strongly in recent years. It will grow from $4.19 billion in 2023 to $4.46 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth observed in the historical period can be attributed to several factors, including the advancement of industrial automation, growth in the electronics and electrical industry, infrastructure development initiatives, a focus on safety and reliability within electrical systems, and the expansion of electrical distribution networks. These factors collectively contributed to the growth of terminal blocks and related industries during that period.

The terminal block market size is expected to see strong growth in the next few years. It will grow to $5.67 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. Anticipated growth in the forecast period is expected to be driven by several factors, including the integration of Industry 4.0 technologies, initiatives promoting electrification, trends towards miniaturization and compact designs, rapid urbanization, and the expanding electric vehicle market. These elements are poised to influence the growth of terminal blocks and associated industries. Major trends anticipated in the forecast period encompass increased collaborations and innovations within the industry, integration of renewable energy sources, development of urban infrastructure to support electrical systems, and a heightened focus on compliance with safety standards to ensure reliable and secure operations within the electrical sector.

The terminal block market is poised for growth due to an increasing demand for smart devices. Smart devices, characterized by their context-aware capabilities and wireless connectivity, are becoming ubiquitous in households. According to Mediapost, 69% of U.S. households have at least one smart device, with an estimated 15% of global households anticipated to have a smart home device by 2023. Terminal blocks play a crucial role in ensuring the secure and organized connection of electrical systems, making them essential components in the expanding smart device landscape.

The terminal block market is set to experience significant expansion, driven by the rising adoption of industrial automation. Industrial automation involves the use of autonomous systems, such as robotics and computer software, to control various processes across industries. Complex control systems integral to industrial automation rely on precise electrical connections, and terminal blocks provide a safe and organized solution for power and signal distribution. Notably, Gartner, Inc. predicts a 19.6% increase in the global market for low-code development technologies, reaching $26.9 billion in 2023. This surge is attributed to factors like an increase in business technologists, the growth of enterprise-wide hyper-automation, and the rise of composable business initiatives.

A notable trend shaping the terminal block market is the emphasis on product innovations. Key market players are actively developing advanced products to maintain their competitive edge. For instance, TE Connectivity, a prominent U.S.-based manufacturer of connectors and sensors, introduced the SNACompact Terminal Blocks in November 2021. This innovative product offers a compact solution without compromising performance, catering particularly to mid-sized businesses seeking affordability and productivity in constrained spaces. The introduction of such products addresses the industry demand for enhanced performance while adapting to the challenges of miniaturization in the panel-building process.

Leading players in the terminal block market are strategically investing in cutting-edge technologies, including the development of screwless terminal blocks, to fortify their market standing. Screwless terminal blocks serve as an alternative method for securing wiring without the need for traditional screws. This design not only improves signal transmission quality but also significantly streamlines the wiring process, reducing time and effort. In August 2022, Phoenix Contact, a Germany-based industrial automation and interconnection solutions manufacturer, introduced the XTV series of push-in terminal blocks. A notable feature of this series is its spring-loaded design, akin to a mousetrap, ensuring the closure of the terminal cage even with a slight touch from a small-gauge wire.

In a strategic move in July 2021, Weidmulle, a Germany-based terminal block company, completed the acquisition of Emphatec, a Canada-based player in the same industry, for an undisclosed amount. Following this acquisition, Weidmuller underwent a rebranding to Klippon Engineering, providing customers access to an expanded range of connectivity solutions. This business development highlights the industry's focus on enhancing capabilities and broadening product offerings through strategic acquisitions.

Major companies operating in the terminal block market report are TE Connectivity Ltd., Omron Corporation, Eaton Corporation PLC, Rockwell Automation Inc., Molex LLC, Weidmuller Interface GmbH & Co. KG, WAGO Kontakttechnik GmbH & Co. KG, Phoenix Contact GmbH & Co. KG, Wieland Electric GmbH, ABB Ltd., Vicor Corporation, Crane Aerospace and Electronics, Weco Electrical Connectors Inc., Modular Devices Inc., Ningbo Degson Electrical Co.Ltd., Metz Connect GmbH, Stark Industries, Metro Hydraulic Jac Co., Dinkle Group, Hotel Reservation Service, K.A. Schmersal GmbH & Co. KG, Altech Corporation, Amphenol Corporation, Bourns Inc., CUI Devices Inc., Curtis Industries LLC, EBY Electro Inc., E-T-A Elektrotechnische Apparate GmbH, FCI Connectors Ltd., Keystone Electronics Corp., Lumberg Automation Components GmbH & Co., Regal Rexnord Corporation, Groupe Carbone Lorraine SA, OMEGA Engineering Inc., Panduit Corp., RIA Connect Inc., Sprecher + Schuh Inc., Struthers-Dunn LLC, Weiland Electric Inc., Wurth Elektronik GmbH & Co. KG

Asia-Pacific was the largest region in the terminal block market in 2023. The regions covered in the terminal block market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the terminal block market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The terminal block market consists of sales of modular terminal blocks, strip accessories, tubular-type blocks, pluggable terminal blocks, and push-fit terminal blocks. 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.

Product Code: r13100

1. Executive Summary

2. Terminal Block Market Characteristics

3. Terminal Block Market Trends And Strategies

4. Terminal Block Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Terminal Block Market Size and Growth

5.1. Global Terminal Block Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Terminal Block Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Terminal Block Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Terminal Block Market Segmentation

6.1. Global Terminal Block Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Barriers Or Barrier Strips
Sectional Terminal Blocks
PCB Mount Terminal Blocks
Power Terminal Blocks
Other Types
6.2. Global Terminal Block Market, Segmentation By Function Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Single-Level Feed-Through Terminal Blocks
Dual-Level Terminal Blocks
Three-Level Blocks
Ground Circuit Terminals
Fuse Terminal Blocks
Other Functions
6.3. Global Terminal Block Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Business Equipment
HVAC Systems
Power Supplies
Industrial Controls
Process Control Instruments
Telecom Equipment
Transportation
Other Industries

7. Terminal Block Market Regional And Country Analysis

7.1. Global Terminal Block Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Terminal Block Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Terminal Block Market

8.1. Asia-Pacific Terminal Block Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Terminal Block Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Terminal Block Market, Segmentation By Function Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Terminal Block Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Terminal Block Market

9.1. China Terminal Block Market Overview
9.2. China Terminal Block Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Terminal Block Market, Segmentation By Function Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Terminal Block Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Terminal Block Market

10.1. India Terminal Block Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Terminal Block Market, Segmentation By Function Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Terminal Block Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Terminal Block Market

11.1. Japan Terminal Block Market Overview
11.2. Japan Terminal Block Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Terminal Block Market, Segmentation By Function Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Terminal Block Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Terminal Block Market

12.1. Australia Terminal Block Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Terminal Block Market, Segmentation By Function Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Terminal Block Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Terminal Block Market

13.1. Indonesia Terminal Block Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Terminal Block Market, Segmentation By Function Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Terminal Block Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Terminal Block Market

14.1. South Korea Terminal Block Market Overview
14.2. South Korea Terminal Block Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Terminal Block Market, Segmentation By Function Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Terminal Block Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Terminal Block Market

15.1. Western Europe Terminal Block Market Overview
15.2. Western Europe Terminal Block Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Terminal Block Market, Segmentation By Function Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Terminal Block Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Terminal Block Market

16.1. UK Terminal Block Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Terminal Block Market, Segmentation By Function Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Terminal Block Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Terminal Block Market

17.1. Germany Terminal Block Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Terminal Block Market, Segmentation By Function Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Terminal Block Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Terminal Block Market

18.1. France Terminal Block Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Terminal Block Market, Segmentation By Function Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Terminal Block Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Terminal Block Market

19.1. Italy Terminal Block Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Terminal Block Market, Segmentation By Function Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Terminal Block Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Terminal Block Market

20.1. Spain Terminal Block Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Terminal Block Market, Segmentation By Function Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Terminal Block Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Terminal Block Market

21.1. Eastern Europe Terminal Block Market Overview
21.2. Eastern Europe Terminal Block Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Terminal Block Market, Segmentation By Function Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Terminal Block Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Terminal Block Market

22.1. Russia Terminal Block Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Terminal Block Market, Segmentation By Function Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Terminal Block Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Terminal Block Market

23.1. North America Terminal Block Market Overview
23.2. North America Terminal Block Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Terminal Block Market, Segmentation By Function Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Terminal Block Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Terminal Block Market

24.1. USA Terminal Block Market Overview
24.2. USA Terminal Block Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Terminal Block Market, Segmentation By Function Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Terminal Block Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Terminal Block Market

25.1. Canada Terminal Block Market Overview
25.2. Canada Terminal Block Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Terminal Block Market, Segmentation By Function Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Terminal Block Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Terminal Block Market

26.1. South America Terminal Block Market Overview
26.2. South America Terminal Block Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Terminal Block Market, Segmentation By Function Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Terminal Block Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Terminal Block Market

27.1. Brazil Terminal Block Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Terminal Block Market, Segmentation By Function Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Terminal Block Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Terminal Block Market

28.1. Middle East Terminal Block Market Overview
28.2. Middle East Terminal Block Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Terminal Block Market, Segmentation By Function Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Terminal Block Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Terminal Block Market

29.1. Africa Terminal Block Market Overview
29.2. Africa Terminal Block Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Terminal Block Market, Segmentation By Function Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Terminal Block Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Terminal Block Market Competitive Landscape And Company Profiles

30.1. Terminal Block Market Competitive Landscape
30.2. Terminal Block Market Company Profiles
- 30.2.1. TE Connectivity Ltd.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Omron Corporation
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Eaton Corporation plc
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Rockwell Automation Inc.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Molex LLC
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Terminal Block Market Competitive Benchmarking

32. Global Terminal Block Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Terminal Block Market

34. Terminal Block Market Future Outlook and Potential Analysis

34.1 Terminal Block Market In 2028 - Countries Offering Most New Opportunities
34.2 Terminal Block Market In 2028 - Segments Offering Most New Opportunities
34.3 Terminal Block Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer