Terminal Block Market Worth 4.64 Billion USD by 2022

18 May, 2016, 09:30 ET from MarketsandMarkets

PUNE, India, May 18, 2016 /PRNewswire/ --

The report "Terminal Block Market by Type (Barriers, Sectional, PCB, Power), Industries (Business Equipment, HVAC, Power Supplies, Industry Controls, Instruments, Telecom Equipment, Transportation), Structire, Function, & Connection And Region - Global Forecast to 2022", published by MarketsandMarkets, The market size is estimated to grow from USD 3.21 Billion in 2015 to USD 4.64 Billion by 2022, at a CAGR of 5.5% between 2016 and 2022.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 37 market data Tables and 56 Figures spread through 130 Pages and in-depth TOC on "Terminal Block Market"

http://www.marketsandmarkets.com/Market-Reports/terminal-block-market-234776256.html
Early buyers will receive 10% customization on this report.

Terminal blocks are modular, insulated blocks that secure two or more wires together. Terminal blocks comprise an insulating body and a clamping device. Wires are clamped down to the metal part by a screw. It is a connector which joins one or more circuits to another.

Sectional blocks play important role in the terminal block market 

The sectional blocks segment is expected to have the largest market share and dominate the terminal block market between 2016 and 2022. Advancements in NEMA and IEC, DIN rail sectional blocks have increased the use of these blocks in various applications such as construction, harsh environment, amusement park ride controls, discrete manufacturing, conveyance lines, special machines, educational campuses, commercial office buildings, and building automation. IEC DIN rail sectional blocks offer more terminations per linear foot and compatibility between products from different vendors drives the sectional terminal blocks market.

Industry controls, HVAC, instruments, and telecom equipment are the prominent industries in the terminal block market 

The increasing adoption of automation in factories in the U.S., China, and Germany drives the growth of the global industry controls and factory automation markets, which help to drive the terminal block market for the industrial controls sector. APAC is the leading region in the telecom market, which is dominated by countries such as China, Japan, Hong Kong, Malaysia, India, South Korea, and Vietnam. Government taking initiatives in the telecom market fuels the growth of the telecom market, which is expected to drive the demand for terminal blocks during the forecast period.

APAC is expected to grow at the fastest rate in the terminal block market 

Increasing industrialization and factory automation in the APAC region is the major region behind the growth of terminal blocks in this region.Increasing demand for HVAC and telecom equipment help to drive the demand for terminal blocks in this region. China is one of the largest consumers in automotive segment, so creating demands for terminal blocks for the automotive segment.

North America is one of the prominent region for terminal blocks due to presence of companies in North America such as Curtis Industries (U.S.), General Electric (U.S.), Marathon Special Products (U.S.), Mitsubishi Electric Automation, Inc. (U.S.), Molex Electronics Solutions (U.S.), OMEGA Engineering (U.S.), Rockwell Automation (U.S.), Siemens Industry (U.S.), WECO Electrical Connectors (Canada), Automation System Interconnect, Inc. (U.S.) creates ample of opportunities for the terminal block market.

Inquiry Before Buying: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=234776256

The scope of the report covers detailed information regarding the major factors influencing the growth of the terminal block market such as drivers, restraints, opportunities, and challenges. A detailed analysis of the key industry players has been done to provide insights into their business overview, products, and services; key strategies, new product launches, mergers & acquisitions, partnerships, agreements, collaborations, and recent developments associated with the terminal block market.

Browse Related Reports 

Cables and Connectors Market for Satellite and Submarine Industries by Components (Cable and Cable Assemblies, Connectors and Others), Application (Testing and Manufacturing), Industries and Geography- Analysis and Forecast (2014-2020)
http://www.marketsandmarkets.com/Market-Reports/satellite-submarine-cable-connector-market-29959586.html

HVAC Controls Market by System (Temperature, Ventilation, Humidity & Integrated Controls), Component (Sensors and Controllers & Controlled Devices), Revenue Source (HVAC Controls & BEMS), Application, and Geography - Global Trend and Forecast to 2022
http://www.marketsandmarkets.com/Market-Reports/smart-hvac-controls-market-130456761.html

About MarketsandMarkets 

MarketsandMarkets is the world's No. 2 firms in terms of annual published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
 UNIT no 802, Tower no. 7, SEZ
Magarpatta City, Hadapsar
Pune, Maharashtra 411013, India
Tel: + 1-888-600-6441
Email: sales@marketsandmarkets.com

Visit MarketsandMarkets Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors

Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

Visit MarketsandMarkets @: http://www.marketsandmarkets.com

SOURCE MarketsandMarkets