The increasing demand for multipurpose, multifunctional, intelligent, finger-safe terminal blocks is likely to drive the terminal block market”
The terminal block market size is estimated to grow from USD 3.21 billion in 2015 to USD 4.64 billion by 2022, at an estimated CAGR of 5.5% between 2016 and 2022. The terminal block market is driven by factors such as increasing demand for multipurpose, multifunctional, intelligent, finger-safe terminal blocks; growing PCB market; and increasing demand for PCB terminal blocks; advancements in various connection technologies for terminal blocks; and increasing adoption of terminal blocks in the telecom sector.
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In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. Break-up of profile of primary participants is given below as:
• By Designation: C-Level — 45%, Maneger Level — 35%, Others — 20%
• By Region: North America — 41%, Europe — 36%, APAC — 17%, RoW — 6%
Rapid urbanization and industrialization in developing countries and rising demand for micro-miniaturized terminal blocks provide opportunities for the growth of this market.
The various key terminal block vendors profiled in the report are as follows:
1. PHOENIX CONTACT GmbH & Co. KG (Germany)
2. Weidmüller Interface GmbH & Co. KG (Germany)
3. WAGO Kontakttechnik GmbH & Co. KG (Germany)
4. Wieland Electric GmbH (Germany)
5. ABB Group (Switzerland)
6. Rockwell Automation, Inc. (U.S.)
7. WECO Electrical Connectors Inc. (Canada)
8. Eaton Corp. Plc (Ireland)
9. Molex, LLC (U.S.)
10. METZ CONNECT (Germany)
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