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Terminal Block Market by Type, Industry, Structure, Function, & Connection And Geography - Global Forecast to 2022

Terminal Block Market: Global Forecast until 2022

  • May 2016
  • 132 pages
  • ID: 3851608
In this report:
IN 2014, BRAZIL PRODUCED ##.## MILLION BARRELS PER DAY (B/D), REPRESENTING A ##.##% INCREASE FROM 2013, MAKING IT THE WORLD'S NINTH-LARGEST PRODUCER AND THIRD-LARGEST IN THE AMERICAS BEHIND THE U.S. AND CANADA ACCORDING TO THE BRITISH PETROLEUM DATA.
THE TERMINAL BLOCK MARKET FOR INSTRUMENTS AND HVAC IS EXPECTED TO GROW AT A HIGH CAGR OF ##.##% AND ##.##%, RESPECTIVELY, BETWEEN 2016 AND 2022.

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The growing demand for multipurpose, multifunctional, intelligent, finger-safe terminal blocks is likely to drive the terminal block market"

The terminal block market size is forecasted to grow from ~$3.2B in 2015 to ~$4.6B by 2022, at an estimated compound annual growth rate of 5.50 percent between 2016 and 2022. The terminal block market is influenced by Elements such as rising demand for multipurpose, multifunctional, intelligent, finger-safe terminal blocks; increasing PCB market; and growing demand for PCB terminal blocks; advancements in several connection technologies for terminal blocks; and rising adoption of terminal blocks in the telecom market.

"Industry controls, instruments, and HVAC to benefit maximum traction during the estimate period"

The industry controls and HVAC are expected to contribute the biggest market share duing the outlook period. Advancements in termination technologies of terminal blocks, intended for use in more rugged applications including instrumentation, industry controls, and data acquisition spur the rise of terminal blocks. Quick urbanization, increasing disposable income, strict energy regulations, financial incentives through tax credit programs for energy-efficient HVAC systems, and technological innovations are some of the driving factors of increasing HVAC sector which eventually drives the industry demand for terminal blocks in the HVAC market.

"The terminal block market in the Asia-Pac regions forecasted to grow at a significant rate during projection period"

Asia-Pac is one of the prominent regions in the terminal block market, and it is anticipated to grow a significant rate compared to other regions. Growing sectors for telecom equipment, industry controls, HVAC sector, power supplies, and instruments offer ample opportunities for the terminal block market. Rised industrial activities in the Asia-Pacific regions and growing demand for advanced process control plants drive the increase for sophisticated instrumentation spurring the rise for the terminal blocks market.

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions were managed with main people. Distribution of profile of primary members taking part is given below as:

- By Company category: Tier 1 - 35 %, Tier 2 - 46.0 percent, and Tier 3 - 19.0 percent

- By Designation: C-Level - 45.0 percent, Maneger Level - 35.0 percent, Others - 20.0 percent

- By area: North america (NA) - 41.0 percent, Europe - 36.0 percent, APAC - 17.0 percent, RoW - 6.0 percent

Fast urbanization and industrialization in developing countries and increasing demand for micro-miniaturized terminal blocks offer possibilities for the increase of this market.

The different top terminal block vendors decribed in the study are like follows:

1. PHOENIX CONTACT GmbH & Co. KG

2. Weidmüller Interface GmbH & Co. KG

3. WAGO Kontakttechnik GmbH & Co. KG

The analysis will facilitate the market top players/new sector entrants in this sector in these ways:

1. This document breaks down the terminal block market comprehensively and offers the best approximations of the revenue data for the global market and the sub-segments across the distinct types of terminal blocks, sectors, and localities.

2. The market research benefits partners to comprehend the pulse of the sector and offers them information on main market drivers, market restraints, alternatives, and opportunities.

3. This industry report will facilitate partners to better find out the competitor and obtain additional insights to better their rank in the business sector. The competitive outlook section includes competitor landscape, newproduct develpoments, alliances, and mergers & acquisitions.

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