Global Heat Shrink Terminals and Splices Market Growth (Status and Outlook) 2023-2029

Global Heat Shrink Terminals and Splices Market Growth (Status and Outlook) 2023-2029

Heat shrink terminal is used for insulation, sealing and protection of joints from external abuse, scratches, moisture, salt and other hazardous elements. In order to shrink down the insulation after compressing the heat shrink connectors to electrical wire system, heat guns are used. Once, the heat shrink sleeve is heated and shrunk down onto the cable, it helps in increasing the mechanical strength of the terminal as well as resistance to corrosion.
LPI (LP Information)' newest research report, the “Heat Shrink Terminals and Splices Industry Forecast” looks at past sales and reviews total world Heat Shrink Terminals and Splices sales in 2022, providing a comprehensive analysis by region and market sector of projected Heat Shrink Terminals and Splices sales for 2023 through 2029. With Heat Shrink Terminals and Splices sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Heat Shrink Terminals and Splices industry.
This Insight Report provides a comprehensive analysis of the global Heat Shrink Terminals and Splices landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Heat Shrink Terminals and Splices portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Heat Shrink Terminals and Splices market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Heat Shrink Terminals and Splices and breaks down the forecast by type, by downstream industry, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Heat Shrink Terminals and Splices.
The global Heat Shrink Terminals and Splices market size is projected to grow from US$ 316.9 million in 2022 to US$ 448.3 million in 2029; it is expected to grow at a CAGR of 5.1% from 2023 to 2029.
Molex, TE Connectivity, K.S. TERMINALS, 3M, ABB (T&B), Fuji Terminal, Panduit, FTZ Industries, NSPA (National Standard Parts Associates) are the key players in the global heat shrink terminals and splices market. This market is relatively dispersed, the Top 5 took up only 20.16% of the global market in 2019.
This report presents a comprehensive overview, market shares, and growth opportunities of Heat Shrink Terminals and Splices market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Heat Shrink Ring Terminals
Heat Shrink Fork Terminals
Heat Shrink Butt Splices
Heat Shrink Disconnect Terminals
Others
Segmentation by downstream industry
Automotive Application
Marine Application
Industrial Application
Appliances
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Molex
TE Connectivity
3M
Panduit
ABB (T&B)
Fuji Terminal
Shawcor (DSG-Canusa)
K.S. TERMINALS
Nichifu
Hubbell (Burndy)
NSPA (National Standard Parts Associates)
Hillsdale Terminal
FTZ Industries
Jeesoon Terminals
UTA Auto Industrial
Yun Lin Electronic
Maikasen
EasyJoint Electric
AIRIC
Changhong Plastics Group Imperial Plastics

Please note: The report will take approximately 2 business days to prepare and deliver.