MCP-7816: TERMINAL BLOCKS – A GLOBAL STRATEGIC BUSINESS REPORT
January 7, 2017 – Focus on Centralized Wiring to Reduce Complexity of Electrical Circuits & Their Interconnections Drives Demand for Terminal Blocks, According to a New Report by Global Industry Analysts, Inc.
GIA launches comprehensive analysis of industry segments, trends, growth drivers, market size, share, and demand forecasts on the global Terminal Blocks market. The global market for Terminal Blocks is projected to reach US$3.6 billion by 2022, driven by the indispensability of electrical distribution and protection solutions in a host of electrical products, the demand for which is driven by automation needs and developments in consumer, industrial, automotive and medical electronics.
Terminal blocks are insulated, modulated blocks that are used to connect two or more wires. The terminal block contains two long copper or aluminum strips that are engineered to connect the components. These metal strips enable creation of a bus bar for distribution of power, which could be sent to all the components that are connected. They are particularly significant for electronic devices which require number of wires to be connected between components to achieve the desired output. Originally used in telecommunication and automotive industries, terminal blocks are now a vital component in a wide range of industries. The global market for terminal blocks is primarily driven by the increasing demand for PCB terminal blocks created by the growing PCB market, advancements in various connection technologies relevant to terminal blocks, and high levels of terminal block usage in the telecom sector. Growth in PCB terminal blocks is attributed to increasing demand for applications in computer/peripheral, consumer electronics, and communication, in defense and aerospace products, in laptops, smartphones, and touch screen tablets, and improvements in PCB technologies. Rising consumer electronics demand is expected to drive the PCBs market, which in turn would fuel demand for PCB terminal blocks. Factors such as rising industrial activities in India, China, Indonesia, and South Korea, and government initiatives in most telecom markets are expected to be prime drivers of market growth during the analysis period.
Among the types, sectional terminal blocks are leading the market, and the trend is expected to continue in the short term. Connection technologies including screw clamp, spring clamp, push-in terminals, and insulation displacement connection are witnessing advancements, contributing to increased demand for terminal blocks. Advancements in special connection technologies including TERMI-POINT connection and slip-on connection offer advantages for various types of connections required in industries such as power supplies, industry controls, HVAC, instruments, automotive and transportation, and telecom equipment. Development of new applications in mobile/wireless equipment, increasing adoption in telecom infrastructure, and rising spends in the defense sector, present significant growth opportunities. Rapid development of the electronics industry and launch of increasingly complex, advanced and compact electronic devices are contributing to the development of advanced terminal block products. Demand is also expected to rise for multi-purpose, multi-function, intelligent, finger-safe terminal blocks, while micro-miniature terminal blocks are finding favor owing to benefits such as low costs, space conservation, reduced maintenance, and safe wiring.
As stated by the new market research report on Terminal Blocks, Europe represents the largest market worldwide. Asia-Pacific and Latin America are forecast to witness strong growth in the coming years driven by the continued focus on industrial automation in most of the emerging countries including China, India, Brazil, and Indonesia. Asia-Pacific is poised to grow at the highest CAGR over the analysis period, supported by rapid industrialization and urbanization in developing Asian countries; ongoing trend towards miniaturization and the ensuing demand for micro and miniaturized terminal blocks; and focus on reducing the cost and complexity of board level electrical wiring and interconnection of control and signal circuitry and the resulting demand for “pluggable” terminal blocks with multiple wire entry options.
Major players covered in the report include ABB Ltd., Amphenol FCi, Amphenol PCD, Amtek Technology Co., Ltd., Automation Systems Interconnect, Inc., Curtis Industries, Eaton Corp., Marathon Special Products, METZ CONNECT GmbH, Molex Inc., OMEGA Engineering, Inc., Phoenix Contact GmbH & Co. KG, Phoenix Contact USA, Rockwell Automation, Inc., Shenzhen OULU Electronic Co., Ltd., Switchlab, Inc., TE Connectivity Corp., WAGO Kontakttechnik GmbH & Co. KG, WECO Electrical Connectors, Inc., Weidmüller Interface GmbH & Co. KG, and Wieland Electric, Inc., among others.
The research report titled "Terminal Blocks: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, issues, drivers, and strategic industry activities of global companies. The report provides market estimates and projections for geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, South Korea, Taiwan, Rest of Asia-Pacific), Latin America and Rest of World. The report also analyzes the Terminal Block market by Type - PCB-Mounted, Power Blocks, Sectional, and Other Terminal Blocks.
Complimentary Market Brief:
Request a Complimentary Copy of the Report Insights, Key Findings, Drivers, Trends, Program Sources, and Methodology.
NOTE: Generic Email IDs such as AOL, Hotmail, Yahoo, Gmail, MSN etc. cannot be used