The Terminal Block Global Market Report 2023, provides comprehensive information on the terminal block market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global terminal block market size is expected to grow from $3.93 billion in 2022 to $4.20 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The terminal block market size is expected to reach $5.22 billion in 2027 at a CAGR of 5.6%.
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Product innovations are a key trend gaining popularity in the terminal block market. Major companies operating in the terminal block market are developing advanced products to sustain their position in the market. For instance, in November 2021, TE Connectivity, a US-based manufacturer of connectors and sensors, introduced SNACompact Terminal Blocks, which offer a compact option without sacrificing performance. The SNACompact terminal block range offers mid-sized businesses an affordable option in a competitive market while enabling high levels of productivity in constrained spaces. The new product aims to improve the panel-building process for installers, who must meet the demands of miniaturization by delivering strong performance.
The terminal block market is segmented:
1) By Type: Barriers or Barrier Strips, Sectional Terminal Blocks, PCB Mount Terminal Blocks, Power Terminal Blocks, Other Types
2) By Function Type: Single-Level Feed-Through Terminal Blocks, Dual-Level Terminal Blocks, Three-Level Blocks, Ground Circuit Terminals, Fuse Terminal Blocks, Other Functions
3) By Industry: Business Equipment, HVAC Systems, Power Supplies, Industrial Controls, Process Control Instruments, Telecom Equipment, Transportation, Other Industries
Asia-Pacific was the largest region in the terminal block market in 2022.
The table of contents in TBRC’s terminal block market report includes:
1. Executive Summary
2. Terminal Block Market Characteristics
3. Terminal Block Market Trends And Strategies
4. Terminal Block Market – Macro Economic Scenario
5. Terminal Block Market Size And Growth
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26. Africa Terminal Block Market
27. Terminal Block Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Terminal Block Market
29. Terminal Block Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- TE Connectivity Ltd
- Omron Corporation
- Eaton Corporation PLC
- Rockwell Automation
- Molex LLC
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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