The terminal block market size is estimated to grow from $3.21 billion in 2015 to $4.64 billion by 2022, at an estimated CAGR of 5.5% between 2016 and 2022. The terminal block market is driven by factors such as increasing demand for multipurpose, multifunctional, intelligent, finger-safe terminal blocks; growing PCB market; and increasing demand for PCB terminal blocks; advancements in various connection technologies for terminal blocks; and increasing adoption of terminal blocks in the telecom sector. Complete report on terminal block market spread across 130 pages, profiling 10 companies and supported with 37 tables and 56 figures is now available at http://www.rnrmarketresearch.com/terminal-block-market-by-type-barriers-sectional-pcb-power-industry-business-equipment-hvac-power-supplies-industry-controls-instruments-telecom-equipment-transportation-structure-function-connect-st-to-2022-market-report.html .
The terminal block market in the APAC region expected to grow at a significant rate during forecast period. APAC is one of the prominent regions in the terminal block market, and it is expected to grow a significant rate compared to other regions. Increasing markets for telecom equipment, industry controls, HVAC industry, power supplies, and instruments provide ample opportunities for the terminal block market. Increased industrial activities in the APAC region and increasing demand for advanced process control plants drive the growth for sophisticated instrumentation spurring the growth for the terminal blocks market.
Industry controls, instruments, and HVAC to gain maximum traction during the forecast period. The industry controls and HVAC are estimated to contribute the largest market share during the forecast period. Advancements in termination technologies of terminal blocks, intended for use in more rugged applications such as instrumentation, industry controls, and data acquisition spur the growth of terminal blocks. Rapid urbanization, rising 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 growing HVAC industry which eventually drives the demand for terminal blocks in the HVAC industry.
In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (35%), Tier 2 (46%) and Tier 3 (19%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-level (45%), Manager Level (35%) and others (20%) from various key organizations operating in the terminal block market. The primary interviews were conducted worldwide covering regions such as North America (41%), Europe (36%), APAC (17%), and RoW (6%).
The various key terminal block market vendors profiled in the report are PHOENIX CONTACT GmbH & Co. KG (Germany), Weidmüller Interface GmbH & Co. KG (Germany), WAGO Kontakttechnik GmbH & Co. KG (Germany), Wieland Electric GmbH (Germany), ABB Group (Switzerland), Rockwell Automation, Inc. (U.S.), WECO Electrical Connectors Inc. (Canada), Eaton Corp. Plc (Ireland), Molex, LLC (U.S.) and METZ CONNECT (Germany). Make an Inquiry on “Terminal Block Market by Type (Barriers, Sectional, PCB, Power), Industry (Business Equipment, HVAC, Power Supplies, Industry Controls, Instruments, Telecom Equipment, Transportation), Structure, Function, & Connection And Geography - Global Forecast to 2022” research report at http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=553312 .
On a related note, another research titled DC-DC Converter Market Global Forecast to 2020 says, the DC-DC converters market for space is expected to grow from USD 213.2 million in 2015 to USD 268.2 million by 2020, at a CAGR of 4.70% during the forecast period. The DC-DC converters market for space in Asia-Pacific is projected to grow at a rapid pace by 2020. Companies like Infineon Technologies AG. (Germany), Microsemi Corporation (U.S.), Vicor Corporation (U.S.), Crane Aerospace and Electronics (U.S.), Synqor Inc. (U.S.) and Modular Devices Inc. (U.S.) have been profiled in this 147 pages research report available at http://www.rnrmarketresearch.com/dc-dc-converter-market-for-space-by-application-surveillance-communication-navigation-scientific-research-remote-sensing-output-voltage-33-5-12-15-vdc-output-power-20-20-40-40-100-100-w-and-ge-st-to-2020-market-report.html .
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