Terminal Block Market Report 2026

The terminal block market size has grown strongly in recent years. It will grow from $4.55 billion in 2025 to $4.81 billion in 2026 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to expansion of industrial control systems, adoption of electrical wiring safety standards, growing use in hvac and power supplies, early deployment in business equipment, increased reliance on modular wiring systems.

The terminal block market size is expected to see strong growth in the next few years. It will grow to $5.97 billion in 2030 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to rising automation in manufacturing, growth in renewable energy installations, adoption of smart connectivity components, increasing electrification across industries, rising need for secure and maintainable wiring infrastructures. Major trends in the forecast period include advancement of automated terminal block manufacturing, expansion of eco-friendly and sustainable materials, integration of IoT-enabled connection solutions, growth of digitalized electrical connectivity platforms, adoption of robotics-supported wiring and assembly systems.

The growing demand for smart devices is expected to drive the terminal block market going forward. Smart devices are context-aware electronic devices capable of sharing data with other devices wirelessly or via cable connections. Terminal blocks are essential wherever electrical systems need to remain safely connected, organized, and secure. For example, in April 2024, ConsumerAffairs, a US-based consumer news and advocacy organization, reported that in 2023, approximately 57.55 million people in the United States used smart home products, with projections indicating that over 57% of US households will own at least one smart home device by 2025. The survey also highlighted increasing consumer concerns regarding data privacy and protection, as 62% of users expressed worries about the security of their connected devices in 2023, a 10-percentage-point rise from 2022, reflecting heightened awareness of cybersecurity risks associated with smart technologies. Therefore, the growing demand for smart devices is driving the growth of the terminal block market.

Key players in the terminal block market are concentrating on creating technologically advanced solutions, such as modular compact terminal blocks, to improve connectivity and meet the rising demand for flexible and scalable electrical systems across various industries. Modular compact terminal blocks are small, space-saving electrical connectors designed to securely connect multiple wires within electrical control panels and junction boxes. For example, in May 2024, Weidmuller, a Germany-based company specializing in electrical and industrial connectivity, launched its new Klippon Connect W2C and W2T modular compact terminal blocks. These are intended to enhance flexibility and efficiency in managing complex signal wiring within compact panel installations. Featuring a modular design that allows for easy customization, these terminal blocks are particularly well-suited for applications with limited space.

In July 2023, Amphenol Corporation, a US-based manufacturer of electronic connectors, acquired Eby Electro Inc. for an undisclosed amount. This acquisition aims to enhance Amphenol's portfolio of high-technology interconnect products in the diversified industrial market, integrate Eby's experienced management team, strengthen its competitive position in North America, and add approximately $15 million in annual sales to support its growth initiatives. Eby Electro Inc. is a US-based designer and manufacturer of custom terminal blocks.

Major companies operating in the terminal block market are TE Connectivity Ltd., Omron Corporation, Eaton Corporation PLC, Rockwell Automation Inc., Molex LLC, Weidmüller Interface GmbH & Co. KG, WAGO Kontakttechnik GmbH & Co. KG, Phoenix Contact GmbH & Co. KG, Wieland Electric GmbH, ABB Ltd., Weco Electrical Connectors Inc., Ningbo Degson Electrical Co.Ltd., Metz Connect GmbH, Dinkle Group, K.A. Schmersal GmbH & Co. KG, Altech Corporation, Amphenol Corporation, Bourns Inc., Curtis Industries LLC, EBY Electro Inc., E-T-A Elektrotechnische Apparate GmbH, Keystone Electronics Corp., Lumberg Automation Components GmbH & Co., Regal Rexnord Corporation, Panduit Corp., RIA Connect Inc., Sprecher + Schuh Inc., Weiland Electric Inc., Würth Elektronik GmbH & Co. KG.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs have increased prices of metal alloys, plastics, and precision electrical components used in terminal block production, impacting costs for industries such as power supplies, industrial controls, process instrumentation, and transportation. Regions with heavy import dependency, particularly North America and Europe, experience higher procurement expenses and longer lead times. Nonetheless, tariffs support local component manufacturing, drive innovation in durable terminal block designs, and promote supply chain resilience.

The terminal block market research report is one of a series of new reports that provides terminal block market statistics, including terminal block industry global market size, regional shares, competitors with a terminal block market share, detailed terminal block market segments, market trends and opportunities, and any further data you may need to thrive in the terminal block industry. This terminal block market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Terminal blocks are connectors used for creating semi-permanent electrical connections, comprising a clamping component and a conducting strip within an insulated frame to secure two or more wires together. They facilitate connections that may need occasional inspections, wire replacements, repairs, or alterations.

The primary types of terminal blocks include barriers, barrier strips, sectional terminal blocks, PCB mount terminal blocks, power terminal blocks, and various other configurations. Barriers or barrier strips are interfaces composed of a metal strip and connectors or screws to secure wires. These blocks perform various functions such as single-level feed-through connections, dual-level and three-level blocks, ground circuit terminals, fuse terminal blocks, among others. Terminal blocks find applications across multiple industries including business equipment, HVAC (heating, ventilation, and air conditioning) systems, power supplies, industrial controls, process control instruments, telecommunications equipment, transportation, and more for facilitating electrical connections.Asia-Pacific was the largest region in the terminal block market in 2025. The regions covered in the terminal block market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the terminal block market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The terminal block market consists of sales of modular terminal blocks, strip accessories, tubular-type blocks, pluggable terminal blocks, and push-fit terminal blocks. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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