Terminal Strip Market size was valued at US$ 2,470 million in 2024 and is projected to reach US$ 3,820 million by 2032, at a CAGR of 6.3% during the forecast period 2025-2032
Report Studies
• The global Terminal Strip Market size was valued at US$ 2,470 million in 2024 and is projected to reach US$ 3,820 million by 2032, at a CAGR of 6.3% during the forecast period 2025-2032. While the U.S. market accounted for 25% of global revenue in 2024, China’s market is expected to grow at a faster 8.2% CAGR through 2032.
• Terminal strips are modular, insulated connectors that facilitate secure electrical wiring connections in various applications. These components typically consist of metal strips housed in insulating plastic cases, available in screw-type, springcage, and push-in configurations to accommodate different installation requirements. Terminal strips play a critical role in power distribution, circuit protection, and signal transmission across multiple industries.
By Type:
• The market is segmented based on type into:
• Screw Type
• Subtypes: Single-level, Multi-level, and others
• Spring-cage Type
• Push-in Type
• The market is segmented based on application into:
• Electricity
• Mechanical Equipment
• Rail Transmit
• Others
• Subtypes: Automotive, Industrial Automation, and others
• By End User
• Phoenix Contact (Germany)
• Weidmüller (Germany)
• WAGO (Germany)
• ABB (Switzerland)
• Amphenol (FCI) (U.S.)
• Omron (Japan)
• Wieland Electric (Germany)
• Sailing-on (China)
• Dinkle (China)
