North America 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 North America Terminal Block Market would witness market growth of 5.1% CAGR during the forecast period (2022-2028).
The use of terminal blocks within electric vehicle charging stations is gaining some traction. For wiring purposes, terminal blocks act as a kind of routing tool. In the same way a truck driver uses a cloverleaf interchange to leave one highway and enter the next, a terminal block acts as a conduit for connecting several circuits. Terminal blocks act as a clamping mechanism to secure wiring to the interior of a vehicle or piece of equipment while also masking and insulating exposed wire or cable ends.
To distribute power, busbars, which are relatively flat bars of conductive material, are more frequently employed with high-gauge wires. Although terminal blocks come in rows, each terminal only connects to one wire. In circumstances requiring semi-permanent connections, which may necessitate inspections, wire replacement, repair, and change, terminal block connectors are highly helpful. This is why terminal blocks are very common in domestic wiring as well as industrial environments.
The transportation industry of the region is significantly robust. According to the Cybersecurity and Infrastructure Security Agency, about 19,700 airports, landing strips, and heliports are included, along with aircraft and air traffic control systems. At military heliports, seaplane bases, and airports with joint civilian and military use, about 500 people work in commercial aviation. The aviation sector also comprises manned and unmanned commercial and recreational aircraft, as well as a wide range of support services like maintenance shops, fueling stations, navigational aids, and flying schools.
The US market dominated the North America Terminal Block Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,116.3 million by 2028.The Canada market is poised to grow at a CAGR of 7.5% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 6.5% 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 U.S., Mexico, Canada, and Rest of North America.
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
- US
- Canada
- Mexico
- Rest of North America
- 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 North America Terminal Block Market, by Industry
- 1.4.2 North America Terminal Block Market, by Type
- 1.4.3 North America 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. North America Terminal Block Market by Industry
- 4.1 North America Process Control Instruments Market by Country
- 4.2 North America Power Supplies Market by Country
- 4.3 North America Telecom Equipment Market by Country
- 4.4 North America Business Equipment Market by Country
- 4.5 North America Transportation Market by Country
- 4.6 North America HVAC Systems Market by Country
- 4.7 North America Industrial Controls Market by Country
- 4.8 North America Others Market by Country
- Chapter 5. North America Terminal Block Market by Type
- 5.1 North America Sectional Market by Country
- 5.2 North America PCB Mount Market by Country
- 5.3 North America Power Terminal Market by Country
- 5.4 North America Barriers or Barrier Strips Market by Country
- 5.5 North America Others Market by Country
- Chapter 6. North America Terminal Block Market by Country
- 6.1 US Terminal Block Market
- 6.1.1 US Terminal Block Market by Industry
- 6.1.2 US Terminal Block Market by Type
- 6.2 Canada Terminal Block Market
- 6.2.1 Canada Terminal Block Market by Industry
- 6.2.2 Canada Terminal Block Market by Type
- 6.3 Mexico Terminal Block Market
- 6.3.1 Mexico Terminal Block Market by Industry
- 6.3.2 Mexico Terminal Block Market by Type
- 6.4 Rest of North America Terminal Block Market
- 6.4.1 Rest of North America Terminal Block Market by Industry
- 6.4.2 Rest of North America 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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