Terminal Block Market Report 2025

The terminal block market size has grown strongly in recent years. It will grow from $4.38 billion in 2024 to $4.62 billion in 2025 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to industrial automation, electronics and electrical industry growth, infrastructure development, safety and reliability, electrical distribution networks.

The terminal block market size is expected to see strong growth in the next few years. It will grow to $5.88 billion in 2029 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to industry 4 integration, electrification initiatives, miniaturization and compact designs, rapid urbanization, electric vehicle market growth. Major trends in the forecast period include collaborations and innovations, renewable energy integration, urban infrastructure development, compliance with safety standards.

The terminal block market is poised for growth due to an increasing demand for smart devices. Smart devices, characterized by their context-aware capabilities and wireless connectivity, are becoming ubiquitous in households. According to Mediapost, 69% of U.S. households have at least one smart device, with an estimated 15% of global households anticipated to have a smart home device by 2023. Terminal blocks play a crucial role in ensuring the secure and organized connection of electrical systems, making them essential components in the expanding smart device landscape.

The terminal block market is set to experience significant expansion, driven by the rising adoption of industrial automation. Industrial automation involves the use of autonomous systems, such as robotics and computer software, to control various processes across industries. Complex control systems integral to industrial automation rely on precise electrical connections, and terminal blocks provide a safe and organized solution for power and signal distribution. Notably, Gartner, Inc. predicts a 19.6% increase in the global market for low-code development technologies, reaching $26.9 billion in 2023. This surge is attributed to factors like an increase in business technologists, the growth of enterprise-wide hyper-automation, and the rise of composable business initiatives.

Key players in the terminal block market are concentrating on creating technologically advanced solutions, such as modular compact terminal blocks, to improve connectivity and meet the rising demand for flexible and scalable electrical systems across various industries. Modular compact terminal blocks are small, space-saving electrical connectors designed to securely connect multiple wires within electrical control panels and junction boxes. For example, in May 2024, Weidmuller, a Germany-based company specializing in electrical and industrial connectivity, launched its new Klippon Connect W2C and W2T modular compact terminal blocks. These are intended to enhance flexibility and efficiency in managing complex signal wiring within compact panel installations. Featuring a modular design that allows for easy customization, these terminal blocks are particularly well-suited for applications with limited space.

Leading companies in the terminal block market are concentrating on developing innovative technological solutions, such as screwless terminal blocks, to solidify their market presence. Screwless terminal blocks serve as an alternative for securing wiring without the need for screws, improving the quality of signal transmission and significantly reducing the time and effort required for wiring. In August 2022, Phoenix Contact, a Germany-based manufacturer specializing in industrial automation, interconnection, and interface solutions, launched the new XTV series of push-in terminal blocks. Notably, this series features a spring-loaded design that operates similarly to a mousetrap, allowing the terminal cage to close with just a slight touch from a small-gauge wire.

In July 2023, Amphenol Corporation, a US-based manufacturer of electronic connectors, acquired Eby Electro Inc. for an undisclosed amount. This acquisition aims to enhance Amphenol's portfolio of high-technology interconnect products in the diversified industrial market, integrate Eby's experienced management team, strengthen its competitive position in North America, and add approximately $15 million in annual sales to support its growth initiatives. Eby Electro Inc. is a US-based designer and manufacturer of custom terminal blocks.

Major companies operating in the terminal block market are TE Connectivity Ltd., Omron Corporation, Eaton Corporation PLC, Rockwell Automation Inc., Molex LLC, Weidmüller Interface GmbH & Co. KG, WAGO Kontakttechnik GmbH & Co. KG, Phoenix Contact GmbH & Co. KG, Wieland Electric GmbH, ABB Ltd., Weco Electrical Connectors Inc., Ningbo Degson Electrical Co.Ltd., Metz Connect GmbH, Dinkle Group, K.A. Schmersal GmbH & Co. KG, Altech Corporation, Amphenol Corporation, Bourns Inc., Curtis Industries LLC, EBY Electro Inc., E-T-A Elektrotechnische Apparate GmbH, Keystone Electronics Corp., Lumberg Automation Components GmbH & Co., Regal Rexnord Corporation, Panduit Corp., RIA Connect Inc., Sprecher + Schuh Inc., Weiland Electric Inc., Würth Elektronik GmbH & Co. KG.

Asia-Pacific was the largest region in the terminal block market in 2024. The regions covered in the terminal block market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the terminal block market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Terminal blocks are connectors used for creating semi-permanent electrical connections, comprising a clamping component and a conducting strip within an insulated frame to secure two or more wires together. They facilitate connections that may need occasional inspections, wire replacements, repairs, or alterations.

The primary types of terminal blocks include barriers, barrier strips, sectional terminal blocks, PCB mount terminal blocks, power terminal blocks, and various other configurations. Barriers or barrier strips are interfaces composed of a metal strip and connectors or screws to secure wires. These blocks perform various functions such as single-level feed-through connections, dual-level and three-level blocks, ground circuit terminals, fuse terminal blocks, among others. Terminal blocks find applications across multiple industries including business equipment, HVAC (heating, ventilation, and air conditioning) systems, power supplies, industrial controls, process control instruments, telecommunications equipment, transportation, and more for facilitating electrical connections.

The terminal block market research report is one of a series of new reports that provides terminal block market statistics, including terminal block industry global market size, regional shares, competitors with a terminal block market share, detailed terminal block market segments, market trends and opportunities, and any further data you may need to thrive in the terminal block industry. This terminal block market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The terminal block market consists of sales of modular terminal blocks, strip accessories, tubular-type blocks, pluggable terminal blocks, and push-fit terminal blocks. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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