According to a market report by Lucintel, the future of the global terminal block market looks promising with opportunities in the business equipment, hvac system, power supply, industrial control, process control instrument, telecom equipment, and transportation markets. The global terminal block market is expected to reach an estimated $6.2 billion by 2030 with a CAGR of 5.6% from 2024 to 2030. The major drivers for this market are rising demand for high-quality and reliable electrical connections and expanding adoption of automation and digitalization in various industries.

A more than 150 – page report is developed to understand trends, opportunity and forecast in terminal block market to 2030 by type (barriers or barrier strips, sectional terminal blocks, pcb mount terminal blocks, power terminal blocks, and others), end use industry (business equipment, hvac systems, power supplies, industrial controls, process control instruments, telecom equipment, transportation, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

In this market, barriers or barrier strips, sectional terminal blocks, pcb mount terminal blocks, and power terminal blocks are the major segments of terminal block market by type. Lucintel forecasts that sectional terminal block is expected to witness highest growth over the forecast period due to its extensive use in a variety of applications, such as building automation, severe environments, amusement park ride controls, discrete production, conveyance lines, unique equipment, and educational campuses.

Within this market, process control instrument is expected to witness highest growth over the forecast period.

APAC is expected to witness highest growth over the forecast period due to rapid industrialization and urbanization and increasing demand for automation and control systems among industries of the region.

Wago Kontakttechnik, TE Connectivity, Weidmüller Interface, Omron, Eaton, Phoenix, and Rockwell are the major suppliers in the terminal block market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]