Terminal Block Market - Forecast(2020 - 2025)
A terminal block is electrical connector (screw-type) where the wires are clamped down to the metal part by a screw. This allows more than one circuit to connect to another circuit. It contains two long aluminium or copper strips which are designed to connect different components. These strips create a bus bar for power distribution which is sent to the connected components. A barrier strip is composed of several screw terminals. Terminal blocks are modular, insulated blocks that secure two or more wires together. Globally, increasing PCB market and demand for PCB terminal blocks, advancement in diverse terminal block’s connection technologies, and rising use of terminal blocks in the telecom sector are the prime growth drivers of global terminal block market. This report identifies the global terminal block market in for the year 2014-2016, and forecast of the same for year 2021. It also highlights the potential growth opportunities in the coming years, while also reviewing the mark...