The North America Terminal Block Market would witness market growth of 5.1% CAGR during the forecast period (2022-2028).
The use of terminal blocks within electric vehicle charging stations is gaining some traction. For wiring purposes, terminal blocks act as a kind of routing tool. In the same way a truck driver uses a cloverleaf interchange to leave one highway and enter the next, a terminal block acts as a conduit for connecting several circuits. Terminal blocks act as a clamping mechanism to secure wiring to the interior of a vehicle or piece of equipment while also masking and insulating exposed wire or cable ends.
To distribute power, busbars, which are relatively flat bars of conductive material, are more frequently employed with high-gauge wires. Although terminal blocks come in rows, each terminal only connects to one wire. In circumstances requiring semi-permanent connections, which may necessitate inspections, wire replacement, repair, and change, terminal block connectors are highly helpful. This is why terminal blocks are very common in domestic wiring as well as industrial environments.
The transportation industry of the region is significantly robust. According to the Cybersecurity and Infrastructure Security Agency, about 19,700 airports, landing strips, and heliports are included, along with aircraft and air traffic control systems. At military heliports, seaplane bases, and airports with joint civilian and military use, about 500 people work in commercial aviation. The aviation sector also comprises manned and unmanned commercial and recreational aircraft, as well as a wide range of support services like maintenance shops, fueling stations, navigational aids, and flying schools.
The US market dominated the North America Terminal Block Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,116.3 million by 2028.The Canada market is poised to grow at a CAGR of 7.5% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 6.5% during (2022 - 2028).
Based on Industry, the market is segmented into Process Control Instruments, Power Supplies, Telecom Equipment, Business Equipment, Transportation, HVAC Systems, Industrial Controls, and Others. Based on Type, the market is segmented into Sectional, PCB Mount, Power Terminal, Barriers or Barrier Strips and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Terminal Block Market is Estimated to reach $5.4 Billion by 2028, at a CAGR of 5.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include TE Connectivity Ltd., Omron Corporation, Eaton Corporation PLC, Rockwell Automation, Inc., Molex, LLC, Weidmüller Interface GmbH & Co. KG, WAGO Kontakttechnik GmbH & Co. KG, Wieland Electric GmbH, Ningbo Degson Electrical Co., Ltd., and Phoenix Contact GmbH & Co. KG.
Scope of the Study
Market Segments Covered in the Report:
By Industry
- Process Control Instruments
- Power Supplies
- Telecom Equipment
- Business Equipment
- Transportation
- HVAC Systems
- Industrial Controls
- Others
By Type
- Sectional
- PCB Mount
- Power Terminal
- Barriers or Barrier Strips
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- TE Connectivity Ltd.
- Omron Corporation
- Eaton Corporation PLC
- Rockwell Automation, Inc.
- Molex, LLC
- Weidmüller Interface GmbH & Co. KG
- WAGO Kontakttechnik GmbH & Co. KG
- Wieland Electric GmbH
- Ningbo Degson Electrical Co., Ltd.
- Phoenix Contact GmbH & Co. KG
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Terminal Block Market, by Industry
1.4.2 North America Terminal Block Market, by Type
1.4.3 North America Terminal Block Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition and scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2018, Mar – 2022, Jul) Leading Players
Chapter 4. North America Terminal Block Market by Industry
4.1 North America Process Control Instruments Market by Country
4.2 North America Power Supplies Market by Country
4.3 North America Telecom Equipment Market by Country
4.4 North America Business Equipment Market by Country
4.5 North America Transportation Market by Country
4.6 North America HVAC Systems Market by Country
4.7 North America Industrial Controls Market by Country
4.8 North America Others Market by Country
Chapter 5. North America Terminal Block Market by Type
5.1 North America Sectional Market by Country
5.2 North America PCB Mount Market by Country
5.3 North America Power Terminal Market by Country
5.4 North America Barriers or Barrier Strips Market by Country
5.5 North America Others Market by Country
Chapter 6. North America Terminal Block Market by Country
6.1 US Terminal Block Market
6.1.1 US Terminal Block Market by Industry
6.1.2 US Terminal Block Market by Type
6.2 Canada Terminal Block Market
6.2.1 Canada Terminal Block Market by Industry
6.2.2 Canada Terminal Block Market by Type
6.3 Mexico Terminal Block Market
6.3.1 Mexico Terminal Block Market by Industry
6.3.2 Mexico Terminal Block Market by Type
6.4 Rest of North America Terminal Block Market
6.4.1 Rest of North America Terminal Block Market by Industry
6.4.2 Rest of North America Terminal Block Market by Type
Chapter 7. Company Profiles
7.1 TE Connectivity Ltd.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Product Launches and Product Expansions:
7.1.5.2 Acquisition and Mergers:
7.1.6 SWOT Analysis
7.2 Omron Corporation
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expenses
7.2.5 Recent strategies and developments:
7.2.5.1 Partnerships, Collaborations, and Agreements:
7.2.5.2 Product Launches and Product Expansions:
7.2.6 SWOT Analysis
7.3 Eaton Corporation PLC
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental Analysis
7.3.4 Research & Development Expense
7.3.5 Recent strategies and developments:
7.3.5.1 Partnerships, Collaborations, and Agreements:
7.4 Rockwell Automation, Inc.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expenses
7.4.5 Recent strategies and developments:
7.4.5.1 Product Launches and Product Expansions:
7.4.5.2 Acquisition and Mergers:
7.5 Molex, LLC (Koch Industries, Inc.)
7.5.1 Company Overview
7.5.2 Recent strategies and developments:
7.5.2.1 Product Launches and Product Expansions:
7.5.2.2 Acquisition and Mergers:
7.6 Weidmüller Interface GmbH & Co. KG
7.6.1 Company Overview
7.6.2 Recent strategies and developments:
7.6.2.1 Partnerships, Collaborations, and Agreements:
7.6.2.2 Acquisition and Mergers:
7.7 WAGO Kontakttechnik GmbH & Co. KG
7.7.1 Company Overview
7.7.2 Recent strategies and developments:
7.7.2.1 Product Launches and Product Expansions:
7.8 Wieland Electric GmbH
7.8.1 Company Overview
7.8.2 Recent strategies and developments:
7.8.2.1 Acquisition and Mergers:
7.9 Ningbo Degson Electrical Co., Ltd.
7.9.1 Company Overview
7.10. Phoenix Contact GmbH & Co. KG
7.10.1 Company Overview
7.10.2 Recent strategies and developments:
7.10.2.1 Product Launches and Product Expansions:
TABLE 1 North America Terminal Block Market, 2018 - 2021, USD Million
TABLE 2 North America Terminal Block Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Terminal Block Market
TABLE 4 Product Launches And Product Expansions– Terminal Block Market
TABLE 5 Acquisition and Mergers– Terminal Block Market
TABLE 6 North America Terminal Block Market by Industry, 2018 - 2021, USD Million
TABLE 7 North America Terminal Block Market by Industry, 2022 - 2028, USD Million
TABLE 8 North America Process Control Instruments Market by Country, 2018 - 2021, USD Million
TABLE 9 North America Process Control Instruments Market by Country, 2022 - 2028, USD Million
TABLE 10 North America Power Supplies Market by Country, 2018 - 2021, USD Million
TABLE 11 North America Power Supplies Market by Country, 2022 - 2028, USD Million
TABLE 12 North America Telecom Equipment Market by Country, 2018 - 2021, USD Million
TABLE 13 North America Telecom Equipment Market by Country, 2022 - 2028, USD Million
TABLE 14 North America Business Equipment Market by Country, 2018 - 2021, USD Million
TABLE 15 North America Business Equipment Market by Country, 2022 - 2028, USD Million
TABLE 16 North America Transportation Market by Country, 2018 - 2021, USD Million
TABLE 17 North America Transportation Market by Country, 2022 - 2028, USD Million
TABLE 18 North America HVAC Systems Market by Country, 2018 - 2021, USD Million
TABLE 19 North America HVAC Systems Market by Country, 2022 - 2028, USD Million
TABLE 20 North America Industrial Controls Market by Country, 2018 - 2021, USD Million
TABLE 21 North America Industrial Controls Market by Country, 2022 - 2028, USD Million
TABLE 22 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 23 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 24 North America Terminal Block Market by Type, 2018 - 2021, USD Million
TABLE 25 North America Terminal Block Market by Type, 2022 - 2028, USD Million
TABLE 26 North America Sectional Market by Country, 2018 - 2021, USD Million
TABLE 27 North America Sectional Market by Country, 2022 - 2028, USD Million
TABLE 28 North America PCB Mount Market by Country, 2018 - 2021, USD Million
TABLE 29 North America PCB Mount Market by Country, 2022 - 2028, USD Million
TABLE 30 North America Power Terminal Market by Country, 2018 - 2021, USD Million
TABLE 31 North America Power Terminal Market by Country, 2022 - 2028, USD Million
TABLE 32 North America Barriers or Barrier Strips Market by Country, 2018 - 2021, USD Million
TABLE 33 North America Barriers or Barrier Strips Market by Country, 2022 - 2028, USD Million
TABLE 34 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 35 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 36 North America Terminal Block Market by Country, 2018 - 2021, USD Million
TABLE 37 North America Terminal Block Market by Country, 2022 - 2028, USD Million
TABLE 38 US Terminal Block Market, 2018 - 2021, USD Million
TABLE 39 US Terminal Block Market, 2022 - 2028, USD Million
TABLE 40 US Terminal Block Market by Industry, 2018 - 2021, USD Million
TABLE 41 US Terminal Block Market by Industry, 2022 - 2028, USD Million
TABLE 42 US Terminal Block Market by Type, 2018 - 2021, USD Million
TABLE 43 US Terminal Block Market by Type, 2022 - 2028, USD Million
TABLE 44 Canada Terminal Block Market, 2018 - 2021, USD Million
TABLE 45 Canada Terminal Block Market, 2022 - 2028, USD Million
TABLE 46 Canada Terminal Block Market by Industry, 2018 - 2021, USD Million
TABLE 47 Canada Terminal Block Market by Industry, 2022 - 2028, USD Million
TABLE 48 Canada Terminal Block Market by Type, 2018 - 2021, USD Million
TABLE 49 Canada Terminal Block Market by Type, 2022 - 2028, USD Million
TABLE 50 Mexico Terminal Block Market, 2018 - 2021, USD Million
TABLE 51 Mexico Terminal Block Market, 2022 - 2028, USD Million
TABLE 52 Mexico Terminal Block Market by Industry, 2018 - 2021, USD Million
TABLE 53 Mexico Terminal Block Market by Industry, 2022 - 2028, USD Million
TABLE 54 Mexico Terminal Block Market by Type, 2018 - 2021, USD Million
TABLE 55 Mexico Terminal Block Market by Type, 2022 - 2028, USD Million
TABLE 56 Rest of North America Terminal Block Market, 2018 - 2021, USD Million
TABLE 57 Rest of North America Terminal Block Market, 2022 - 2028, USD Million
TABLE 58 Rest of North America Terminal Block Market by Industry, 2018 - 2021, USD Million
TABLE 59 Rest of North America Terminal Block Market by Industry, 2022 - 2028, USD Million
TABLE 60 Rest of North America Terminal Block Market by Type, 2018 - 2021, USD Million
TABLE 61 Rest of North America Terminal Block Market by Type, 2022 - 2028, USD Million
TABLE 62 Key information –TE Connectivity Ltd.
TABLE 63 Key Information – Omron Corporation
TABLE 64 key information – Eaton Corporation PLC
TABLE 65 Key information – Rockwell Automation, Inc.
TABLE 66 Key Information – Molex, LLC
TABLE 67 Key Information – Weidmüller Interface GmbH & Co. KG
TABLE 68 Key Information – WAGO Kontakttechnik GmbH & Co. KG
TABLE 69 Key Information- Wieland Electric GmbH
TABLE 70 Key Information – NINGBO DEGSON ELECTRICAL CO., LTD.
TABLE 71 Key Information – Phoenix Contact GmbH & Co. KG
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2018, Mar – 2022, Jul) Leading Players
FIG 5 Recent strategies and developments: TE Connectivity Ltd.
FIG 6 SWOT Analysis: TE Connectivity Ltd.
FIG 7 Recent strategies and developments: OMRON Corporation
FIG 8 SWOT Analysis: Omron Corporation
FIG 9 Recent strategies and developments: Rockwell Automation, Inc.
FIG 10 Recent strategies and developments: Molex, LLC
FIG 11 Recent strategies and developments: Weidmüller Interface GmbH & Co. KG