Europe Terminal Block Market Size, Share & Industry Trends Analysis Report By Industry, By Type (Sectional, PCB Mount, Power Terminal, Barriers or Barrier Strips and Others), By Country and Growth Forecast, 2022 - 2028
The Europe Terminal Block Market would witness market growth of 5.3% CAGR during the forecast period (2022-2028).
While not all terminal blocks contain a PCB contact pad or legs, they always have an insulating substance or plastic body that is mechanically solid. There are numerous designs that use terminal blocks, therefore selecting the appropriate one is crucial. By understanding their product, what it would endure, and in what setting it would be used, designers can save time and money by learning to distinguish many connector types and their benefits.
The incorporation of intelligent field devices into environments using switch-based Ethernet is made easier by these solutions. The PCB connection technique is perfect for use in process automation since it complies with the specifications of the APL Port Profile Specification. Bare Wire Connection Mechanism is a technique that uses two different connector types. Prototyping is, therefore, becoming more significant in the evolution of the electronics sector, while trends toward progressive digitization and industrial transformation are reducing the time needed for the creation of new devices. Therefore, these developments in connection technologies are supporting the growth of the terminal blocks market.
The prosperity of Europe relies on the automotive sector of the region. Nearly 13.8 million Europeans have direct or indirect occupations in the automotive industry, which accounts for 6.1% of all employment in the EU. The direct manufacturing of automotive employs approximately 2.6 million people or 8.5% of all the manufacturing jobs within the EU. The EU is one of the world's top makers of vehicles, and this industry represents the greatest private investor in R&D. The European Commission encourages technology harmonization and provides funds for R&D in order to increase the competitiveness of the EU automobile industry and maintain its position as a technological leader worldwide.
The Germany market dominated the Europe Terminal Block Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $339.8 million by 2028.The UK market is anticipated to grow at a CAGR of 4.5% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 6.1% during (2022 - 2028).
Based on Industry, the market is segmented into Process Control Instruments, Power Supplies, Telecom Equipment, Business Equipment, Transportation, HVAC Systems, Industrial Controls, and Others. Based on Type, the market is segmented into Sectional, PCB Mount, Power Terminal, Barriers or Barrier Strips and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include TE Connectivity Ltd., Omron Corporation, Eaton Corporation PLC, Rockwell Automation, Inc., Molex, LLC, Weidmüller Interface GmbH & Co. KG, WAGO Kontakttechnik GmbH & Co. KG, Wieland Electric GmbH, Ningbo Degson Electrical Co., Ltd., and Phoenix Contact GmbH & Co. KG.
Scope of the Study
Market Segments covered in the Report:
By Industry
- Process Control Instruments
- Power Supplies
- Telecom Equipment
- Business Equipment
- Transportation
- HVAC Systems
- Industrial Controls
- Others
- Sectional
- PCB Mount
- Power Terminal
- Barriers or Barrier Strips
- Others
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- TE Connectivity Ltd.
- Omron Corporation
- Eaton Corporation PLC
- Rockwell Automation, Inc.
- Molex, LLC
- Weidmüller Interface GmbH & Co. KG
- WAGO Kontakttechnik GmbH & Co. KG
- Wieland Electric GmbH
- Ningbo Degson Electrical Co., Ltd.
- Phoenix Contact GmbH & Co. KG
- Exhaustive coverage
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- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Terminal Block Market, by Industry
- 1.4.2 Europe Terminal Block Market, by Type
- 1.4.3 Europe Terminal Block Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market Overview
- 2.1 Introduction
- 2.1.1 Overview
- 2.1.1.1 Market composition and scenario
- 2.2 Key Factors Impacting the Market
- 2.2.1 Market Drivers
- 2.2.2 Market Restraints
- Chapter 3. Competition Analysis - Global
- 3.1 KBV Cardinal Matrix
- 3.2 Recent Industry Wide Strategic Developments
- 3.2.1 Partnerships, Collaborations and Agreements
- 3.2.2 Product Launches and Product Expansions
- 3.2.3 Acquisition and Mergers
- 3.3 Top Winning Strategies
- 3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
- 3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2018, Mar – 2022, Jul) Leading Players
- Chapter 4. Europe Terminal Block Market by Industry
- 4.1 Europe Process Control Instruments Market by Country
- 4.2 Europe Power Supplies Market by Country
- 4.3 Europe Telecom Equipment Market by Country
- 4.4 Europe Business Equipment Market by Country
- 4.5 Europe Transportation Market by Country
- 4.6 Europe HVAC Systems Market by Country
- 4.7 Europe Industrial Controls Market by Country
- 4.8 Europe Others Market by Country
- Chapter 5. Europe Terminal Block Market by Type
- 5.1 Europe Sectional Market by Country
- 5.2 Europe PCB Mount Market by Country
- 5.3 Europe Power Terminal Market by Country
- 5.4 Europe Barriers or Barrier Strips Market by Country
- 5.5 Europe Others Market by Country
- Chapter 6. Europe Terminal Block Market by Country
- 6.1 Germany Terminal Block Market
- 6.1.1 Germany Terminal Block Market by Industry
- 6.1.2 Germany Terminal Block Market by Type
- 6.2 UK Terminal Block Market
- 6.2.1 UK Terminal Block Market by Industry
- 6.2.2 UK Terminal Block Market by Type
- 6.3 France Terminal Block Market
- 6.3.1 France Terminal Block Market by Industry
- 6.3.2 France Terminal Block Market by Type
- 6.4 Russia Terminal Block Market
- 6.4.1 Russia Terminal Block Market by Industry
- 6.4.2 Russia Terminal Block Market by Type
- 6.5 Spain Terminal Block Market
- 6.5.1 Spain Terminal Block Market by Industry
- 6.5.2 Spain Terminal Block Market by Type
- 6.6 Italy Terminal Block Market
- 6.6.1 Italy Terminal Block Market by Industry
- 6.6.2 Italy Terminal Block Market by Type
- 6.7 Rest of Europe Terminal Block Market
- 6.7.1 Rest of Europe Terminal Block Market by Industry
- 6.7.2 Rest of Europe Terminal Block Market by Type
- Chapter 7. Company Profiles
- 7.1 TE Connectivity Ltd.
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 Segmental and Regional Analysis
- 7.1.4 Research & Development Expense
- 7.1.5 Recent strategies and developments:
- 7.1.5.1 Product Launches and Product Expansions:
- 7.1.5.2 Acquisition and Mergers:
- 7.1.6 SWOT Analysis
- 7.2 Omron Corporation
- 7.2.1 Company Overview
- 7.2.2 Financial Analysis
- 7.2.3 Segmental and Regional Analysis
- 7.2.4 Research & Development Expenses
- 7.2.5 Recent strategies and developments:
- 7.2.5.1 Partnerships, Collaborations, and Agreements:
- 7.2.5.2 Product Launches and Product Expansions:
- 7.2.6 SWOT Analysis
- 7.3 Eaton Corporation PLC
- 7.3.1 Company Overview
- 7.3.2 Financial Analysis
- 7.3.3 Segmental Analysis
- 7.3.4 Research & Development Expense
- 7.3.5 Recent strategies and developments:
- 7.3.5.1 Partnerships, Collaborations, and Agreements:
- 7.4 Rockwell Automation, Inc.
- 7.4.1 Company Overview
- 7.4.2 Financial Analysis
- 7.4.3 Segmental and Regional Analysis
- 7.4.4 Research & Development Expenses
- 7.4.5 Recent strategies and developments:
- 7.4.5.1 Product Launches and Product Expansions:
- 7.4.5.2 Acquisition and Mergers:
- 7.5 Molex, LLC (Koch Industries, Inc.)
- 7.5.1 Company Overview
- 7.5.2 Recent strategies and developments:
- 7.5.2.1 Product Launches and Product Expansions:
- 7.5.2.2 Acquisition and Mergers:
- 7.6 Weidmüller Interface GmbH & Co. KG
- 7.6.1 Company Overview
- 7.6.2 Recent strategies and developments:
- 7.6.2.1 Partnerships, Collaborations, and Agreements:
- 7.6.2.2 Acquisition and Mergers:
- 7.7 WAGO Kontakttechnik GmbH & Co. KG
- 7.7.1 Company Overview
- 7.7.2 Recent strategies and developments:
- 7.7.2.1 Product Launches and Product Expansions:
- 7.8 Wieland Electric GmbH
- 7.8.1 Company Overview
- 7.8.2 Recent strategies and developments:
- 7.8.2.1 Acquisition and Mergers:
- 7.9 Ningbo Degson Electrical Co., Ltd.
- 7.9.1 Company Overview
- 7.10. Phoenix Contact GmbH & Co. KG
- 7.10.1 Company Overview
- 7.10.2 Recent strategies and developments:
- 7.10.2.1 Product Launches and Product Expansions:
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