San Jose, California (PRWEB) December 05, 2013
Follow us on LinkedIn – GIA invites senior industry executives, domain experts, technologists and market strategists to participate in a comprehensive global research initiative studying the “Terminal Blocks” markets. The study will examine key drivers and trends impacting the market such as growing focus on the development of miniaturized terminal blocks in line with the trend towards smaller switchboxes and miniaturization of all types of electrical devices; increasing R&D investments in the development of PCB terminal blocks based on “Through-hole technology (THT)”; and increased demand for multi-purpose, multi-function, intelligent, finger-safe terminal blocks.
Defined as a type of electrical connector, terminal blocks are multiple screw and/or screwless connectors arranged in a strip pattern to help multiple circuits, wires and cables to be connected and/or disconnected at a single location. As ubiquitous electrical interconnection devices, Terminal Blocks are used virtually in every electrical application that requires grouping of wiring connections. Key application areas include building wiring systems, electrical appliances, automobiles, consumer electronic devices, rail, shipbuilding, mechanical engineering and industrial automation solutions, among others. Development of new applications in mobile/wireless equipment, increasing adoption in telecom infrastructure, and rising spends in the defense sector, present growth opportunities in the market. Growing focus on plant and industrial automation and stringent equipment control specifications are also expected to drive growth in the market in the coming years.
Micro-miniature terminal blocks are growing in popularity driven by benefits such as low costs, space conservation, reduced maintenance, and safe wiring. The market is expected to witness a shift in demand from traditional screw-type terminal blocks to spring type and push-in type terminal blocks, encouraged by advantages such as ease of use, and reduced installation costs. Given the growing need for high performance, reliable and durable connection, manufacturers are stepping up investments in developing materials with superior conductivity and dimensional & chemical stability. Removable terminal blocks, also known as pluggable terminal blocks, are increasingly being preferred over fixed variants, largely due to the flexible interconnection advantages offered. Intensifying competition in this relatively mature market is resulting in manufacturers focusing on product quality, design, and customer support to achieve competitive edge over rivals. The study estimates the global Terminal Blocks market to be a multi-million dollar market, while more precise market-size and growth projections for a 14-year period will be made available during the 2nd stage of report preparation, and data analysis.
The research and analyses will be released shortly in the form of a comprehensive research report. The report by design, will attempt to provide exhaustive analysis, data, trends, market share, market size, statistics, forecasts and competitive intelligence. The report is modeled to offer precise and unbiased, actionable market insights including in-depth segmentation of market sub-sectors, demand estimates and projections and analysis of trends in each of the sectors, identification of leading players, and the competitive structure, among others.
Developed for Electronic Component Manufacturers, Strategic Planners, Business Development Executives, Management Consultants, Investment Bankers, Consulting Firms, Marketing & Sales Executives, C-Level Decision Makers, Market Strategists and Technology Domain Experts, the report helps identify the biggest opportunities in this space and offers accurate latent demand forecasting that empowers quantitative decision making among existing market players and new entrants.
For more details about how you can participate, please click here.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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