North America Terminal Block Market Forecast to 2028 - COVID-19 Impact and Regional Analysis – by Type (Barriers, Sectional Terminal Blocks, PCB Mount Terminal Blocks, Power Blocks, and Others); Function Type (Single-feed Through, Dual-level Terminal Block, and Three-level Terminal Blocks); Connection Technologies (Spring Clamp Terminal Blocks, Screw-type Terminal Blocks, Insulation Displacement Connection, Push-in Type Terminal Blocks, and Barriers); Industry (Business Equipment, HVAC, Power Supplies, Industry Controls, Instruments, Telecom Equipment, Transportation, and Others); Device Type (Ground Circuit Terminal, Fuse Terminal Blocks, and Others)
The North America Terminal Block Market is expected to grow from US$ 995.75 million by 2022 to US$ 1,270.06 million by 2028. It is estimated to grow at a CAGR of 4.1% from 2022 to 2028.
Advancements in connection technologies such as screw clamps, spring clamps, push-in terminals, insulation displacement connections, and special connection technologies (slip-on connection and TERMI-POINT connection) ease out different types of connections in industrial controls, HVAC, telecom equipment, instruments, power supplies, automotive and transportation, and other applications. For example, Phoenix Contact provides a comprehensive portfolio of connection technologies for PCB terminal blocks and PCB connectors for Single Pair Ethernet. These products facilitate the integration of intelligent field devices into switch-based Ethernet environments. The PCB connection technology fulfills the requirements of the APL Port Profile Specification (Draft 0.3) and is therefore ideal for applications in process automation. Toshiba has developed a technology of Bare Wire Connection Mechanism (BWCM) that uses two connector technologies. Thus, progressive digitalization and industrial transformation trends are shortening the time required for new device production, while prototyping is playing a more important role in evolving the electronics industry. Modularity and flexibility are gaining increasingly higher significance in device development. HARTING Technology Group offers PCB connectors that meet the electronics industry's demands for modularity, flexibility, and accelerated device development. In May 2022, Mouser Electronics, Inc. developed the Phoenix Contact LPTA6 PCB Terminal Blocks that offer tool-free lever connection technology, which is ideal for device connections in the field and on-site. The newly launched products are used in various applications such as electromobility charging infrastructure, automation technology, transportation technology, telecommunications, and drive technology. Furthermore, in August 2021, Mouser Electronics, Inc. introduced Phoenix Contact LPC 2.5 Lever-Actuated Pluggable Terminal Blocks to offer tool-free lever connection technology that is ideal for on-site device connections and used for drive technology, photovoltaics, energy storage, and charging technologies. Such advancements in connection technologies are bolstering the North America terminal blocks market growth.
North America Terminal Block Market Revenue and Forecast to 2028 (US$ Million)
North America Terminal Block Market Segmentation
The North America Terminal Block Market is segmented on the basis of by type, function type, connection technologies, industry, device type and country.
- Based on type, the market is categorized into barriers, sectional terminal blocks, PCB mount terminal blocks, power blocks, and others. In 2022, the PCB mount terminal blocks segment held the largest market share.
- Based on function type, the market is segmented into single-feed through, dual-level terminal block, and three-level terminal blocks. In 2022, the single-feed through segment held the largest market share.
- Based on connection technologies, the market is segmented into spring clamp terminal blocks, screw-type terminal blocks, insulation displacement connection, push-in type terminal blocks, and barriers. In 2022, the screw-type terminal blocks segment held the largest market share.
- Based on industry, the market is segmented into supermarkets and business equipment, hvac, power supplies, industry controls, instruments, telecom equipment, transportation, and others. In 2022, the power supplies segment held the largest market share.
- Based on device type, the market is segmented into ground circuit terminal, fuse terminal blocks, and others. In 2022, the ground circuit terminal segment held the largest market share.
- Based on country, the regional market is segmented into the US, Mexico, and Canada. The US has contributed a substantial share in 2022.
ABB Ltd, Eaton, WAGO, METZ CONNECT GmbH, Molecx, LLC (Koch industries,Inc.), Phoenix Contact, Rockwell Automation, Inc, WECO Electrical Connectors, Weidmuller Interface GmbH & Co.KG, and Wieland Electric GmbH are the leading companies operating in the market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Terminal Blocks Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. North America Terminal Blocks Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing demand for PCB Terminal Blocks
5.1.2 Advancements in Connection Technologies for Terminal Blocks
5.2 Key Market Restraints
5.2.1 Stringent Regulatory Standards
5.3 Key Market Opportunities
5.3.1 Rapid Industrialization in Developing Countries
5.4 Future Trends
5.4.1 Rising Popularity of Micro-Miniaturized Terminal Blocks
5.5 Impact Analysis of Drivers and Restraints
6. North America Terminal Blocks Market –Market Analysis
6.1 North America Terminal Blocks Market Revenue Forecast and Analysis
7. North America Terminal Blocks Market Analysis – By Type
7.1 Overview
7.2 Terminal Blocks Market, by Type (2021 and 2028)
7.3 Barriers
7.3.1 Overview
7.3.2 Barriers: Terminal Blocks Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Sectional Terminal Blocks
7.4.1 Overview
7.4.2 Sectional Terminal Blocks: Terminal Blocks Market – Revenue and Forecast to 2028 (US$ Million)
7.5 PCB Mount Terminal Blocks
7.5.1 Overview
7.5.2 PCB Mount Terminal Blocks: Terminal Blocks Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Power Blocks
7.6.1 Overview
7.6.2 Power Blocks: Terminal Blocks Market – Revenue and Forecast to 2028 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: Terminal Blocks Market – Revenue and Forecast to 2028 (US$ Million)
8. North America Terminal Blocks Market Analysis – By Device Type
8.1 Overview
8.2 Terminal Blocks Market, By Device Type (2021 And 2028)
8.3 Ground Circuit
8.3.1 Overview
8.3.2 Ground Circuit: Terminal Blocks Market Revenue and Forecast to 2028 (US$ Million)
8.4 Fuse Terminal Blocks
8.4.1 Overview
8.4.2 Fuse Terminal Blocks: Terminal Blocks Market Revenue and Forecast to 2028 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Terminal Blocks Market Revenue and Forecast to 2028 (US$ Million)
9. North America Terminal Blocks Market Analysis – By Function Type
9.1 Overview
9.2 Terminal Blocks Market, By Function Type (2021 And 2028)
9.3 Single-Feed through Terminal Block
9.3.1 Overview
9.3.2 Single-Feed through Terminal Block: Terminal Blocks Market Revenue and Forecast to 2028 (US$ Million)
9.4 Dual-Level Terminal Blocks
9.4.1 Overview
9.4.2 Dual-Level Terminal Blocks: Terminal Blocks Market Revenue and Forecast to 2028 (US$ Million)
9.5 Three-Level Blocks (Multi-Level Terminal Blocks)
9.5.1 Overview
9.5.2 Three-Level Blocks: Terminal Blocks Market Revenue and Forecast to 2028 (US$ Million)
10. North America Terminal Blocks Market Analysis – By Connection Technologies
10.1 Overview
10.2 Terminal Blocks Market, By Connection Technologies (2021 and 2028)
10.3 Spring Clamp Terminal Blocks
10.3.1 Overview
10.3.2 Spring Clamp Terminal Blocks: Terminal Blocks Market Revenue and Forecast to 2028 (US$ Million)
10.4 Screw Type Terminal Blocks
10.4.1 Overview
10.4.2 Screw Type Terminal Blocks: Terminal Blocks Market Revenue and Forecast to 2028 (US$ Million)
10.5 Insulation Displacement Connection
10.5.1 Overview
10.5.2 Insulation Displacement Connection: Terminal Blocks Market Revenue and Forecast to 2028 (US$ Million)
10.6 Push-in Type Terminal Blocks
10.6.1 Overview
10.6.2 Push-in Type Terminal Blocks: Terminal Blocks Market Revenue and Forecast to 2028 (US$ Million)
10.7 Barrier
10.7.1 Overview
10.7.2 Barrier: Terminal Blocks Market Revenue and Forecast to 2028 (US$ Million)
11. North America Terminal Blocks Market – By Industry
11.1 Overview
11.2 Terminal Blocks Market, by Industry (2021 and 2028)
11.3 Business Equipment
11.3.1 Overview
11.3.2 Business Equipment: Terminal Blocks Market – Revenue and Forecast to 2028 (US$ Million)
11.4 HVAC
11.4.1 Overview
11.4.2 HVAC: Terminal Blocks Market – Revenue and Forecast to 2028 (US$ Million)
11.5 Power Supplies
11.5.1 Overview
11.5.2 Power Supplies: Terminal Blocks Market – Revenue and Forecast to 2028 (US$ Million)
11.6 Industry Controls
11.6.1 Overview
11.6.2 Industry Controls: Terminal Blocks Market – Revenue and Forecast to 2028 (US$ Million)
11.7 Instruments
11.7.1 Overview
11.7.2 Instruments: Terminal Blocks Market – Revenue and Forecast to 2028 (US$ Million)
11.8 Telecom Equipment
11.8.1 Overview
11.8.2 Telecom Equipment: Terminal Blocks Market – Revenue and Forecast to 2028 (US$ Million)
11.9 Transportation
11.9.1 Overview
11.9.2 Transportation: Terminal Blocks Market – Revenue and Forecast to 2028 (US$ Million)
11.10 Others
11.10.1 Overview
11.10.2 Others: Terminal Blocks Market – Revenue and Forecast to 2028 (US$ Million)
12. North America Terminal Blocks Market – Country Analysis
12.1 North America: Terminal Blocks Market
12.1.1 Overview
12.1.2 North America Terminal Blocks Market Breakdown, by Country
12.1.4 North America Terminal Blocks Market Breakdown, by Country
12.1.4.1 US Terminal Blocks Market, Revenue and Forecast to 2028
12.1.4.1.1 US Terminal Blocks Market Breakdown, by Type
12.1.4.1.2 US Terminal Blocks Market Breakdown, by Function Types
12.1.4.1.3 US Terminal Blocks Market Breakdown, by Connection Technologies
12.1.4.1.4 US Terminal Blocks Market Breakdown, by Industry
12.1.4.1.5 US Terminal Blocks Market Breakdown, by Device Type
12.1.4.2 Canada Terminal Blocks Market, Revenue and Forecast to 2028
12.1.4.2.1 Canada Terminal Blocks Market Breakdown, by Type
12.1.4.2.2 Canada Terminal Blocks Market Breakdown, by Function Types
12.1.4.2.3 Canada Terminal Blocks Market Breakdown, by Connection Technologies
12.1.4.2.4 Canada Terminal Blocks Market Breakdown, by Industry
12.1.4.2.5 Canada Terminal Blocks Market Breakdown, by Device Type
12.1.4.3 Mexico Terminal Blocks Market, Revenue and Forecast to 2028
12.1.4.3.1 Mexico Terminal Blocks Market Breakdown, by Type
12.1.4.3.2 Mexico Terminal Blocks Market Breakdown, by Function Types
12.1.4.3.3 Mexico Terminal Blocks Market Breakdown, by Connection Technologies
12.1.4.3.4 Mexico Terminal Blocks Market Breakdown, by Industry
12.1.4.3.5 Mexico Terminal Blocks Market Breakdown, by Device Type
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 New Product Development
13.4 Merger and Acquisition
14. Company Profiles
14.1 ABB Ltd
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Eaton
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 WAGO
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 METZ CONNECT GmbH
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Molex, LLC (Koch Industries, Inc.)
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Phoenix Contact
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Rockwell Automation, Inc.
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 WECO Electrical Connectors
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Weidmüller Interface GmbH & Co. KG
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Wieland Electric GmbH
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Word Index
LIST OF TABLES
Table 1. North America Terminal Blocks Market Revenue and Forecast to 2028 (US$ Million)
Table 2. North America Terminal Blocks Market, Revenue and Forecast To 2028 – By Country (US$ million)
Table 3. US Terminal Blocks Market, Revenue and Forecast to 2028 – by Type (US$ million)
Table 4. US Terminal Blocks Market, Revenue and Forecast to 2028 – by Function Types (US$ million)
Table 5. US Terminal Blocks Market, Revenue and Forecast to 2028 – by Connection Technologies (US$ million)
Table 6. US Terminal Blocks Market, Revenue and Forecast to 2028 – by Connection Technologies (US$ million)
Table 7. US Terminal Blocks Market, Revenue and Forecast to 2028 – by Device Type (US$ million)
Table 8. Canada Terminal Blocks Market, Revenue and Forecast to 2028 – by Type (US$ million)
Table 9. Canada Terminal Blocks Market, Revenue and Forecast to 2028 – by Function Types (US$ million)
Table 10. Canada Terminal Blocks Market, Revenue and Forecast to 2028 – by Connection Technologies (US$ million)
Table 11. Canada Terminal Blocks Market, Revenue and Forecast to 2028 – by Industry (US$ million)
Table 12. Canada Terminal Blocks Market, Revenue and Forecast to 2028 – by Device Type (US$ million)
Table 13. Mexico Terminal Blocks Market Breakdown, by Type
Table 14. Mexico Terminal Blocks Market, Revenue and Forecast to 2028 – by Function Types (US$ million)
Table 15. Mexico Terminal Blocks Market, Revenue and Forecast to 2028 – by Connection Technologies (US$ million)
Table 16. Mexico Terminal Blocks Market, Revenue and Forecast to 2028 – by Connection Technologies (US$ million)
Table 17. Mexico Terminal Blocks Market, Revenue and Forecast to 2028 – by Device Type (US$ million)
Table 18. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Terminal Blocks Market Segmentation
Figure 2. North America Terminal Blocks Market Segmentation – By Country
Figure 3. North America Terminal Blocks Market Overview
Figure 4. North America Terminal Blocks Market, by Type
Figure 5. North America Terminal Blocks Market, by Function Type
Figure 6. North America Terminal Blocks Market, by Country
Figure 7. North America – PEST Analysis
Figure 8. North America Terminal Blocks Market- Ecosystem Analysis
Figure 9. Expert Opinions
Figure 10. North America Terminal Blocks Market: Impact Analysis of Drivers and Restraints
Figure 11. North America Terminal Blocks Market Revenue Forecast and Analysis (US$ Million)
Figure 12. North America Terminal Blocks Market Revenue Share, by Type (2021 and 2028)
Figure 13. Barriers: North America Terminal Blocks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Sectional Terminal Blocks: North America Terminal Blocks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. PCB Mount Terminal Blocks: North America Terminal Blocks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Power Blocks: North America Terminal Blocks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Others: North America Terminal Blocks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. North America Terminal Blocks Market, By Device Type (2021 and 2028)
Figure 19. Ground Circuit: North America Terminal Blocks Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Fuse Terminal Blocks: North America Terminal Blocks Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Others: North America Terminal Blocks Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. North America Terminal Blocks Market, By Function Type (2021 and 2028)
Figure 23. Single-Feed through Terminal Block: North America Terminal Blocks Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. Dual-Level Terminal Blocks: North America Terminal Blocks Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. Three-Level Blocks: North America Terminal Blocks Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. North America Terminal Blocks Market, By Connection Technologies (2021 and 2028)
Figure 27. Spring Clamp Terminal Blocks: North America Terminal Blocks Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. Screw Type Terminal Blocks: North America Terminal Blocks Market Revenue and Forecast to 2028 (US$ Million)
Figure 29. Insulation Displacement Connection: North America Terminal Blocks Market Revenue and Forecast to 2028 (US$ Million)
Figure 30. Push-in Type Terminal Blocks: North America Terminal Blocks Market Revenue and Forecast to 2028 (US$ Million)
Figure 31. Barrier Terminal Block: North America Terminal Blocks Market Revenue and Forecast to 2028 (US$ Million)
Figure 32. North America Terminal Blocks Market Revenue Share, by Industry (2021 and 2028)
Figure 33. Business Equipment: North America Terminal Blocks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. HVAC: North America Terminal Blocks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Power Supplies: North America Terminal Blocks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. Industry Controls: North America Terminal Blocks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. Instruments: North America Terminal Blocks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 38. Telecom Equipment: North America Terminal Blocks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 39. Transportation: North America Terminal Blocks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 40. Others: North America Terminal Blocks Market – Revenue and Forecast to 2028 (US$ Million)
Figure 41. North America Terminal Blocks Market Breakdown, by Country, 2021 & 2028 (%)
Figure 42. North America Terminal Blocks Market Breakdown, by Country, 2021 & 2028 (%)
Figure 43. US Terminal Blocks Market, Revenue and Forecast to 2028 (US$ million)
Figure 44. Canada Terminal Blocks Market, Revenue and Forecast to 2028 (US$ million)
Figure 45. Mexico Terminal Blocks Market, Revenue and Forecast to 2028 (US$ million)
- ABB Ltd.
- Eaton.
- WAGO.
- METZ CONNECT GmbH.
- Molecx, LLC(Koch industries,Inc.).
- Phoenix Contact.
- Rockwell Automation,Inc.
- WECO Electrical Connectors.
- Weidmuller Interface GmbH & Co.KG.
- Wieland Electric GmbH.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America terminal block market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in North America terminal block market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the terminal block market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.