$3.41 Billion Terminal Block Market - Forecasts from 2016 to 2021 - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Terminal Block Market - Forecasts from 2016 to 2021" report to their offering.

Terminal Block Market is projected to grow from US$2.743 billion in 2016 to US$3.419 billion in 2016, at a CAGR of 4.51% over the forecast period.

Global Terminal Block Market is majorly driven by factors such as burgeoning demand for multifunctional finger-safe terminal blocks and advancements in various connection technologies for terminal blocks. Growing adoption of automation in industry controls and factory automation market is further boosting the demand for terminal blocks for the industry controls sector. Increasing adoption of terminal blocks in the telecom sector will provide a great opportunity for the expansion of global terminal block market during the forecast period. Rising disposable income, growing urbanization, and stringent energy regulations are driving the demand for energy-efficient HVAC systems, thereby impacting the growth of terminal block market positively.

Geographically, APAC region is projected to witness the fastest regional market growth due to growth being observed in telecom industry in conjunction with supportive government initiatives and grants in countries such as Japan, China, India, and South Korea. Furthermore, increasing industrial activities in the region and growing need for HVAC equipmentswill further propel the growth of terminal block market in the region. However, the major restraining factors are the cyclic nature of automobile, consumer good, machinery, and tooling industries.

Key industry players profiled in this section are Phoenix Contact, ABB, Molex, and Weco Electrical Connectors among others.

Segmentation

Thirdly, Terminal Block Market has been segmented by type, industry vertical and geography as below:

By Type:

  • Barriers Or Barrier Strips
  • PCB Mount Terminal Blocks
  • Sectional Terminal Blocks
  • Power Blocks
  • Others

By Industry Vertical:

  • Energy and Power
  • Travel and Transport
  • Communication and Technology
  • Manufacturing
  • Construction
  • Others

Company Profiles

  • ABB
  • Eaton Corporation
  • Metz Connect
  • Molex
  • Phoenix Contact
  • Rockwell Automation
  • WagoKontakttechnik
  • Weco Electrical Connectors
  • Weidmuller Interface
  • Wieland Electric

For more information about this report visit http://www.researchandmarkets.com/research/vwh2m2/terminal_block

Contacts

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Laura Wood, Senior Manager
press@researchandmarkets.com
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Related Topics: Electricity

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Electricity