Global 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 Regional Outlook and Forecast, 2022 - 2028

Global 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 Regional Outlook and Forecast, 2022 - 2028

The Global Terminal Block Market size is expected to reach $5.4 billion by 2028, rising at a market growth of 5.7% CAGR during the forecast period.

A terminal block is known as a modular block with an insulated frame, which is used to connect two or more wires together. It is also known as a connecting terminal or terminal connector. It is made up of a conducting strip and a clamping element. A terminal block's insulating body contains a current carrying component that is called a metal strip or terminal bar. Additionally, it offers a basis for the clamping element.

The body has a mounting configuration that makes it simple to mount or demount the block from a PCB or a mounting rail. Most terminal blocks are typically installed on DIN rail and are modular. As a result, the number of terminals to address the requirements can be increased. Terminal blocks keep wires neatly organized and connections much more secure. Although they may analyze signals and provide outputs, electronic circuits nearly always require connections to other parts, power sources, inputs, or outputs.

Connectors, which come in a wide variety of types, forms, sizes, and ratings, are used to make these connections. Understanding diverse connector types are crucial since selecting the incorrect connector for any design can result in a variety of problems, such as excessive product sizes or components that catch fire. Although there are several connector types available, like pin headers, sockets, DIN, and DB, terminal blocks are increasingly becoming popular because they are used in nearly every industry, from household wiring to industrial rack systems connecting to diverse I/O.

In car control panels and below vehicle dashboards, terminal blocks are frequently employed. Compared to other connector types, they often withstand larger power levels. A terminal block can be considered as a hub where ground and power are kept together. In electric vehicles, this kind of connector is not frequently utilized. Busbars, on the other hand, are used to transport high current loads, like those that might be present in applications involving EV battery packs.

COVID-19 Impact Analysis

During the pandemic, all the operations, such as industrial automation, were suspended. It caused a hindrance in the growth of the terminal block market. With the lifting of the lockdown restrictions in 2021, manufacturing companies reopened, which led to the restart of production facilities. As a result of COVID-19 compelling their clients to stay within their budgets or postpone IT/IoT spending, several IoT providers have witnessed a decline in sales. Moreover, the outbreak also had a catastrophic effect on a number of businesses, including telecommunications, IT, and the automotive sector. Due to the suspension of operations in these sectors, the business environment in the first half of 2020 was adversely affected. Although, the COVID-19 outbreak accelerated the transition to a work-from-home model, increasing demand for consumer electronics goods and electronic devices that require PCBs.

Market Growth Factors

Widespread Urbanization Across The World

The process of turning uninhabited or sparsely populated terrain into densely populated cities is known as urbanization. Urban areas can expand due to migration into urban regions or growth in the human population. Nowadays, a significant proportion of the world's population dwells in cities, many of which are growing in population density. One of the major factors that are propelling this shift is the increasing number of facilities that are being offered within urban areas along with the expanded digital divide all over the world.

Rising Deployment Of Hvac Systems

Climate change worries, rising energy costs, and carbon emissions all continue to drive up the use of HVAC systems in commercial buildings. The growing demand for these solutions that save energy is expected to benefit the terminal block market as well. Commercial building users are being encouraged to install and upgrade HVAC systems through rebates for energy-efficient systems, including air conditioning and HVAC. The technology used in the sector has witnessed significant development recently, partly as a result of consumers' demands to have complex microcontrollers integrated into their systems and an increase in demand for environmentally friendly refrigerants.

Market Restraining Factors

Challenges In The Deployment Of Terminal Blocks

In recent years, improvements in connection technologies have been observed. All varieties of terminal blocks previously used screw-type technology. Users have to take the time to ensure a strong connection in this form of connection. Screw terminals were difficult to install and carried the danger of causing wires to become loose over time. Many terminal blocks can be found in a single assembly, and most terminal blocks have approximately 8 to 10 poles on average. During installation or maintenance, it takes a lot of time for a user to unscrew and screw each connection. As a result, other connection technologies emerged, such as insulation-displacement connections and push-in connections (IDC).

Type Outlook

On the basis of Type, the Terminal Block Market is segregated into Barriers or Barrier Strips, Sectional, PCB Mount, Power Terminal, and Others. In 2021, the sectional terminal blocks segment acquired the largest revenue share of the terminal block market. The high adoption of NEMA and IEC DIN Rail sectional blocks in a variety of applications, including construction, harsh environments, discrete manufacturing, amusement park ride controls, conveyance lines, specialized machines, academic campuses, office buildings, and building automation, is the result of these advancements.

Industry Outlook

By Industry, the Terminal Block Market is segmented into Business Equipment, HVAC Systems, Power Supplies, Industrial Controls, Process Control Instruments, Telecom Equipment, Transportation, and Others. In 2021, the industrial controls segment recorded a substantial revenue share of the terminal block market. In industrial machinery including machine controls, switchgear, distribution panels, as well as measuring instruments, terminal blocks are frequently employed. The terminal block market for industrial controls is expanding because they are also utilized in industrial production, encompassing distributed control systems, supervisory control and data acquisition systems, and other control configurations, like programmable logic controllers.

Regional Outlook

Region-Wise, the Terminal Block Market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In 2021, Asia Pacific accounted for the largest revenue share of the terminal block market. The primary driver of the market's expansion is the increased industrialization of the region, especially in developing nations like China, India, and Indonesia. Additionally, it aids in fostering positive relationships with other nations, gaining market access, and avoiding non-compliance with stringent environmental rules in industrialized nations. The requirement for terminal blocks arises from the area automotive and consumer electronics firms' strong emphasis on using automation technologies to produce durable and high-quality products for a variety of applications.

The major strategies followed by the market participants are Product Launches. Based on the Analysis presented in the Cardinal matrix; TE Connectivity Ltd., Eaton Corporation plc, Rockwell Automation, Inc. are the forerunners in the Terminal Block Market. Companies such as OMRON Corporation, WAGO Kontakttechnik GmbH & Co. KG, Molex, LLC (Koch Industries, Inc.) are some of the key innovators in Terminal Block Market.

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.

Recent Strategies Deployed in Terminal Block Market

Partnerships, Collaborations and Agreements:

Apr-2022: Weidmuller partnered with Shelley Automation, a leading vendor of pneumatics, process control, and engineering services. Under this partnership, Shelley Automation would sell the entire portfolio of Weidmuller within the Ontario region.

Dec-2020: Eaton collaborated with Enel X, a subsidiary of Enel Group. This collaboration aimed to focus on the development of microgrids in Puerto Rico. In addition, Initially, the companies would focus on battery storage and onsite solar generation solutions.

Product Launches and Product Expansions:

Jul-2022: TE launched the new SNACompact terminal blocks line from ENTRELEC. The new product range aimed to offer a compact build with robust performance in order to enhance the panel building process for installers.

May-2022: OMRON released G9KB, a new high voltage DC relay. The new product comprises the ability to safely cut off the DC in household storage systems with increasing capacities.

Dec-2021: Phoenix rolled out new PCB-to-Cable connectors. These connectors aimed to serve applications related signal, data, and power connection. Moreover, the size of tha latest connectors ranges from 2.5 mm to 20 mm pitch along with ratings up to 232A, 1000V.

May-2020: WAGO introduced 2606 Series (8 AWG max), 2626 Series (8 AWG max), 2606 Series (8 AWG max), and 2616 Series (4 AWG max), new terminal blocks in its 2600 Series PCB Terminal Blocks for Power Electronics range. The new terminal blocks aimed to include Push-In CAGE CLAMP connection technology. Moreover, the build of these terminal blocks enables expanded pin spacing along with double pinning in order to expand capacities.

Mar-2020: WAGO Kontakttechnik introduced the new TOP JOB S Rail-mount terminal blocks into its product portfolio. This product expansion aimed to feature levers along with a cross-section of 4 mm². In addition, the new product would also offer rail-mount terminal blocks with rated cross-sections from 2.5 mm2 to 16 mm2.

Acquisitions and Mergers:

Dec-2021: Molex completed its acquisition of Keyssa, a pioneer in high-speed contactless connectors. This acquisition would expedite the company's vision to expand and diversify its offerings of the micro connector with highly flexible and cable-free connectors.

Sep-2021: TE took over ERNI Group, a leader in electronic connectivity for automotive and automation. This acquisition aimed to reinforce the broad connectivity product portfolio of the company. Moreover, this acquisition of ERNI would also propel the engineering and manufacturing capabilities and footprint within the board connectivity to expand TE's prevalence and customer base in several lucrative market segments.

Sep-2021: Rockwell took over Plex Systems, a leader in cloud-native smart manufacturing platforms. With this acquisition, the company aimed to leverage the software capabilities of Plex in order to enhance its global market access, ability to turn real-time data into actionable insights, and complementary industry expertise. It would allow Rockwell to serve its customers with easy-to-deploy, use, and maintain cloud-native solutions.

Jul-2021: Weidmuller acquired Emphatec, a solutions-based engineering company. This acquisition aimed to allow Weidmuller to increase the capacities of its PLC migration and Class 1 Division 2 solutions. Moreover, Emphatec would now operate as Klippon Engineering Canada to offer engineering and service expertise.

Jul-2021: Wieland took over the Miller Company, distributor of copper-based alloy strip products. With this acquisition, the company aimed to meet the increasing demands for high-quality strips made up of copper, special alloys, and copper alloys across North America as well as the rest of the world via increased access to the leading manufacturing capabilities, excellent customer service, and reliable distribution network of Wieland.

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
By Type
  • Sectional
  • PCB Mount
  • Power Terminal
  • Barriers or Barrier Strips
  • Others
By Geography
  • North America
US

Canada

Mexico

Rest of North America
  • Europe
Germany

UK

France

Russia

Spain

Italy

Rest of Europe
  • Asia Pacific
China

Japan

India

South Korea

Singapore

Malaysia

Rest of Asia Pacific
  • LAMEA
Brazil

Argentina

UAE

Saudi Arabia

South Africa

Nigeria

Rest of LAMEA

Companies Profiled
  • 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
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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 Global Terminal Block Market, by Industry
1.4.2 Global Terminal Block Market, by Type
1.4.3 Global Terminal Block Market, by Geography
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. Global Terminal Block Market by Industry
4.1 Global Process Control Instruments Market by Region
4.2 Global Power Supplies Market by Region
4.3 Global Telecom Equipment Market by Region
4.4 Global Business Equipment Market by Region
4.5 Global Transportation Market by Region
4.6 Global HVAC Systems Market by Region
4.7 Global Industrial Controls Market by Region
4.8 Global Others Market by Region
Chapter 5. Global Terminal Block Market by Type
5.1 Global Sectional Market by Region
5.2 Global PCB Mount Market by Region
5.3 Global Power Terminal Market by Region
5.4 Global Barriers or Barrier Strips Market by Region
5.5 Global Others Market by Region
Chapter 6. Global Terminal Block Market by Region
6.1 North America Terminal Block Market
6.1.1 North America Terminal Block Market by Industry
6.1.1.1 North America Process Control Instruments Market by Country
6.1.1.2 North America Power Supplies Market by Country
6.1.1.3 North America Telecom Equipment Market by Country
6.1.1.4 North America Business Equipment Market by Country
6.1.1.5 North America Transportation Market by Country
6.1.1.6 North America HVAC Systems Market by Country
6.1.1.7 North America Industrial Controls Market by Country
6.1.1.8 North America Others Market by Country
6.1.2 North America Terminal Block Market by Type
6.1.2.1 North America Sectional Market by Country
6.1.2.2 North America PCB Mount Market by Country
6.1.2.3 North America Power Terminal Market by Country
6.1.2.4 North America Barriers or Barrier Strips Market by Country
6.1.2.5 North America Others Market by Country
6.1.3 North America Terminal Block Market by Country
6.1.3.1 US Terminal Block Market
6.1.3.1.1 US Terminal Block Market by Industry
6.1.3.1.2 US Terminal Block Market by Type
6.1.3.2 Canada Terminal Block Market
6.1.3.2.1 Canada Terminal Block Market by Industry
6.1.3.2.2 Canada Terminal Block Market by Type
6.1.3.3 Mexico Terminal Block Market
6.1.3.3.1 Mexico Terminal Block Market by Industry
6.1.3.3.2 Mexico Terminal Block Market by Type
6.1.3.4 Rest of North America Terminal Block Market
6.1.3.4.1 Rest of North America Terminal Block Market by Industry
6.1.3.4.2 Rest of North America Terminal Block Market by Type
6.2 Europe Terminal Block Market
6.2.1 Europe Terminal Block Market by Industry
6.2.1.1 Europe Process Control Instruments Market by Country
6.2.1.2 Europe Power Supplies Market by Country
6.2.1.3 Europe Telecom Equipment Market by Country
6.2.1.4 Europe Business Equipment Market by Country
6.2.1.5 Europe Transportation Market by Country
6.2.1.6 Europe HVAC Systems Market by Country
6.2.1.7 Europe Industrial Controls Market by Country
6.2.1.8 Europe Others Market by Country
6.2.2 Europe Terminal Block Market by Type
6.2.2.1 Europe Sectional Market by Country
6.2.2.2 Europe PCB Mount Market by Country
6.2.2.3 Europe Power Terminal Market by Country
6.2.2.4 Europe Barriers or Barrier Strips Market by Country
6.2.2.5 Europe Others Market by Country
6.2.3 Europe Terminal Block Market by Country
6.2.3.1 Germany Terminal Block Market
6.2.3.1.1 Germany Terminal Block Market by Industry
6.2.3.1.2 Germany Terminal Block Market by Type
6.2.3.2 UK Terminal Block Market
6.2.3.2.1 UK Terminal Block Market by Industry
6.2.3.2.2 UK Terminal Block Market by Type
6.2.3.3 France Terminal Block Market
6.2.3.3.1 France Terminal Block Market by Industry
6.2.3.3.2 France Terminal Block Market by Type
6.2.3.4 Russia Terminal Block Market
6.2.3.4.1 Russia Terminal Block Market by Industry
6.2.3.4.2 Russia Terminal Block Market by Type
6.2.3.5 Spain Terminal Block Market
6.2.3.5.1 Spain Terminal Block Market by Industry
6.2.3.5.2 Spain Terminal Block Market by Type
6.2.3.6 Italy Terminal Block Market
6.2.3.6.1 Italy Terminal Block Market by Industry
6.2.3.6.2 Italy Terminal Block Market by Type
6.2.3.7 Rest of Europe Terminal Block Market
6.2.3.7.1 Rest of Europe Terminal Block Market by Industry
6.2.3.7.2 Rest of Europe Terminal Block Market by Type
6.3 Asia Pacific Terminal Block Market
6.3.1 Asia Pacific Terminal Block Market by Industry
6.3.1.1 Asia Pacific Process Control Instruments Market by Country
6.3.1.2 Asia Pacific Power Supplies Market by Country
6.3.1.3 Asia Pacific Telecom Equipment Market by Country
6.3.1.4 Asia Pacific Business Equipment Market by Country
6.3.1.5 Asia Pacific Transportation Market by Country
6.3.1.6 Asia Pacific HVAC Systems Market by Country
6.3.1.7 Asia Pacific Industrial Controls Market by Country
6.3.1.8 Asia Pacific Others Market by Country
6.3.2 Asia Pacific Terminal Block Market by Type
6.3.2.1 Asia Pacific Sectional Market by Country
6.3.2.2 Asia Pacific PCB Mount Market by Country
6.3.2.3 Asia Pacific Power Terminal Market by Country
6.3.2.4 Asia Pacific Barriers or Barrier Strips Market by Country
6.3.2.5 Asia Pacific Others Market by Country
6.3.3 Asia Pacific Terminal Block Market by Country
6.3.3.1 China Terminal Block Market
6.3.3.1.1 China Terminal Block Market by Industry
6.3.3.1.2 China Terminal Block Market by Type
6.3.3.2 Japan Terminal Block Market
6.3.3.2.1 Japan Terminal Block Market by Industry
6.3.3.2.2 Japan Terminal Block Market by Type
6.3.3.3 India Terminal Block Market
6.3.3.3.1 India Terminal Block Market by Industry
6.3.3.3.2 India Terminal Block Market by Type
6.3.3.4 South Korea Terminal Block Market
6.3.3.4.1 South Korea Terminal Block Market by Industry
6.3.3.4.2 South Korea Terminal Block Market by Type
6.3.3.5 Singapore Terminal Block Market
6.3.3.5.1 Singapore Terminal Block Market by Industry
6.3.3.5.2 Singapore Terminal Block Market by Type
6.3.3.6 Malaysia Terminal Block Market
6.3.3.6.1 Malaysia Terminal Block Market by Industry
6.3.3.6.2 Malaysia Terminal Block Market by Type
6.3.3.7 Rest of Asia Pacific Terminal Block Market
6.3.3.7.1 Rest of Asia Pacific Terminal Block Market by Industry
6.3.3.7.2 Rest of Asia Pacific Terminal Block Market by Type
6.4 LAMEA Terminal Block Market
6.4.1 LAMEA Terminal Block Market by Industry
6.4.1.1 LAMEA Process Control Instruments Market by Country
6.4.1.2 LAMEA Power Supplies Market by Country
6.4.1.3 LAMEA Telecom Equipment Market by Country
6.4.1.4 LAMEA Business Equipment Market by Country
6.4.1.5 LAMEA Transportation Market by Country
6.4.1.6 LAMEA HVAC Systems Market by Country
6.4.1.7 LAMEA Industrial Controls Market by Country
6.4.1.8 LAMEA Others Market by Country
6.4.2 LAMEA Terminal Block Market by Type
6.4.2.1 LAMEA Sectional Market by Country
6.4.2.2 LAMEA PCB Mount Market by Country
6.4.2.3 LAMEA Power Terminal Market by Country
6.4.2.4 LAMEA Barriers or Barrier Strips Market by Country
6.4.2.5 LAMEA Others Market by Country
6.4.3 LAMEA Terminal Block Market by Country
6.4.3.1 Brazil Terminal Block Market
6.4.3.1.1 Brazil Terminal Block Market by Industry
6.4.3.1.2 Brazil Terminal Block Market by Type
6.4.3.2 Argentina Terminal Block Market
6.4.3.2.1 Argentina Terminal Block Market by Industry
6.4.3.2.2 Argentina Terminal Block Market by Type
6.4.3.3 UAE Terminal Block Market
6.4.3.3.1 UAE Terminal Block Market by Industry
6.4.3.3.2 UAE Terminal Block Market by Type
6.4.3.4 Saudi Arabia Terminal Block Market
6.4.3.4.1 Saudi Arabia Terminal Block Market by Industry
6.4.3.4.2 Saudi Arabia Terminal Block Market by Type
6.4.3.5 South Africa Terminal Block Market
6.4.3.5.1 South Africa Terminal Block Market by Industry
6.4.3.5.2 South Africa Terminal Block Market by Type
6.4.3.6 Nigeria Terminal Block Market
6.4.3.6.1 Nigeria Terminal Block Market by Industry
6.4.3.6.2 Nigeria Terminal Block Market by Type
6.4.3.7 Rest of LAMEA Terminal Block Market
6.4.3.7.1 Rest of LAMEA Terminal Block Market by Industry
6.4.3.7.2 Rest of LAMEA 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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