The World Market for Terminal Blocks

By 2021, it is estimated that terminal block sales will exceed $3 billion.

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Nov 21, 2016, 02:48 ET

LONDON, Nov. 21, 2016 /PRNewswire/ -- - When selecting a terminal block for a specific application, a particular set of differentiators make this selection easier. What are those differentiators and how do they affect the selection?
- In industrial control applications, what are some of the advantages of using DIN rail mount terminal blocks?
- What terminal block style/type is most prevalent in China, North America, or the Asia Pacific region? In what applications are terminal blocks most predominate?
- Where are terminal blocks used in automotive applications? In computer/peripheral, consumer and instrumentation applications?
- A variety of methods exist for terminating wire to a terminal block or terminating a terminal block to a printed circuit board. What criterion determines the best termination method for an application? Which method, or methods, offer the most secure termination? Which offer the quickest termination, or the most economical termination?

Terminal blocks are used extensively in a multiplicity of applications. Both electronic and electrical terminal blocks provide a quick, safe, reliable, and economical way to connect wires.

By 2021, it is estimated that terminal block sales will exceed $3 billion. What applications will drive this growth? What regions of the world will benefit from this growth? With a broad and international selection of manufacturers and suppliers, the terminal blocks market provides both opportunities and challenges.

Be prepared for the opportunities ahead, order your copy of The World Market for Terminal Blocks today.

This report examines the use, structure, and quantitative sales value of terminal blocks used in a variety of applications and market sectors. This five-chapter, 127-page research report investigates the various types of terminal blocks available today, what applications are driving their usage and what applications will drive growth over the next five years.

Used extensively in a multiplicity of applications within the industrial equipment market sector, terminal blocks offer a quick, safe, and reliable way to connect or terminate wires. Available in a variety of sizes, shapes, styles, and materials, terminal blocks are not only found in the industrial equipment sector; i.e. production and control equipment, but also in instrumentation, alternative energy, transportation, and even computer and telecom applications. It is this ability to adjust their offering based on the application that makes terminal blocks such a valuable entity in today's electronic and electrical world.

Breaking terminal blocks out by region, market sector, and terminal block style, this report discusses and examines terminal block growth over the last few years, as well as provides a five-year CAGR. Sales by terminal block style and year are provided, as are sales by type and region.

It is estimated that in 2016, terminal block sales will amount to approximately $2.5 billion, this is up from 2015, but not as great as sales in 2014. Although growth will occur in all regions, China and Asia Pacific will see the most growth. Growth will also not be level across equipment sectors, with some still experiencing negative growth. From 2016 to 2021, this growth will continue with some market sectors experiencing greater than overall industry growth.
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