Terminal Block Market size is estimated to grow from USD 3.21 Billion in 2015 to USD 4.64 Billion by 2027, at an estimated CAGR of 5% between 2021 and 2027.
Terminal blocks are defined as electrical connectors in which wires are fastened to metal parts with screws. One or more circuits can be connected to other circuits and often contain two long aluminum or copper strips designed to connect different components. These strips create bus bars for power distribution that are transmitted to the connected components.
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The terminal block market comprises manufacturers such as PHOENIX CONTACT GmbH & Co. KG (Germany), Weidmüuller Interface GmbH & Co. KG (Germany), WAGO Kontakttechnik GmbH & Co. KG (Germany), Wieland Electric GmbH (Germany), ABB Group (Switzerland), Rockwell Automation, Inc. (U.S.),
Terminal Block Market, by Type:
- Barriers
- Sectional Terminal Blocks
- PCB Mount Terminal Blocks
- Power Blocks
- Others
Market, by Industry:
- Business Equipment
- HVAC
- Power Supplies
- Industry Controls
- Instruments
- Telecom Equipment
- Transportation
- Others
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Scope of the Report
The research study analyzes the global Terminal Block industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Terminal Block Market Report
1. What was the Terminal Block Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Terminal Block Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Terminal Block Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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