Terminal Blocks Market Scope and Analysis Report by 2028
Terminal Blocks Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 4.78 Billion |
Market Size by 2031 | US$ 7.12 Billion |
Global CAGR (2023 - 2031) | 5.1% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Terminal Blocks Market News and Recent Developments
The terminal blocks market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the terminal blocks market are listed below:
- TE Connectivity Launched SNACompact Terminal Blocks. The SNACompact terminal block range allows for a high level of productivity in smaller spaces while also being an option for mid-size companies looking for an economical solution in a high-pressure market. (Source: TE Connectivity, Press Release, November 2021)
- ABB launched a new range of PI-Spring terminal blocks for photovoltaic installations that make connections faster and simpler. ABB’s patented connection mechanism is up to 50 percent faster than terminal blocks with screw clamp or busbar connections. (Source: ABB, Press Release, February 2019)
Terminal Blocks Market Report Coverage and Deliverables
The “Terminal Blocks Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Terminal Blocks market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Terminal Blocks market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Terminal Blocks market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Terminal Blocks market
- Detailed company profiles