Ken Research has released report on the growth estimates of Insulation Terminal Industry, titled, “Global Insulation Terminal Industry Situation and Prospects Research report 2017“. The report aims at estimating the market size and future growth potential of the insulation terminal industry across different segments complemented with the integrity of knowledge as well as with the comprehensiveness of contents, farther covenanted to be of professional help to even the industry insiders with the opportunity of new and feasible projects to be assessed. Moreover, the analysis is provided for the international market including development history, competitive landscape and major regions development status.
This in-depth market analysis involves the basic overview of the industry inclusive of its definition, classifications, applications, development policies and plans, manufacturing processes, cost structures, import/export, supply and consumption figures, price, revenue and gross margin by regions, company profiles, product specification, capacity, production, upstream raw materials, equipment, and downstream consumers analysis.
With the increasing industrialization, urbanization and factory automation, there has been substantial growth in the demand for insulated terminal blocks. By definition, terminal blocks are modular, insulated blocks comprising of an insulating body and a clamping device, that secure two or more wires together. It is a connector which joins one or more circuits to another wherein the wires are clamped down to the metal part by a screw. Though the market is witnessing growth, but the growth is occurring at a very steady rate since the Great Recession period of 2009. Given the facts that the world economy enlarged by just 2.2 per cent in the year 2016, and is expected to expand by only 2.7 per cent in 2017 and 2.9 per cent in 2018, it can be deciphered as a state of stagnant growth, generating economic stabilization rather than a robust revival of global demand for the present and future market growth. Furthermore, the interconnections identified between the demand, investment, trade and productivity coupled with the weak global growth can consequentially lead to self perpetuation of the insulation terminal industry.
The market segmentation of the insulation terminals is determined to be of varying difficulty inculcating some of the most confusing categories such as the wide variety in insulation types: non-insulated terminals, vinyl insulated terminals, nylon insulated terminals, and heat shrink insulated terminals. Further it can segment on the basis of product size and application within the heat shrink terminals: crimp seal, solder seal and crimp & solder seal options. The varied price ranges and distribution channel as a basis of segregation can be applied as well.
The insulation terminal blocks have certain benefits aiding to the elevating growth within the competitive landscape of the global arena. The use of these terminals culminates into 60% of the time savings, no preparation of conductors required, leads to space-saving, no requirement of special tools, and generates reliable thanks to the tactile feedback. For example, the use of 8WH3 insulation terminal with IDC technology in series production or where a large number of standardized products are manufactured has always been an ideal choice owing to its lack of requirement for wire and sleeves.
The global market for insulation terminal blocks is being majorly driven by factors such as the increment of the PCB market and the rising demand for PCB terminal blocks, advancements in various connection technologies for terminal blocks, increasing demand and adoption of multipurpose, multifunctional, intelligent, finger-safe terminal blocks, and growing adoption of terminal blocks in the telecom sector. Apart from these, other factors such as the growth for micro-miniaturized terminal blocks and increasing rapid industrialization coupled with urbanization in developing nations is anticipated to drive the growth over the coming years. Furthermore, the advancements identified in NEMA and IEC, DIN rail sectional blocks have led to the elevated use of these insulation terminals in various applications such as construction, harsh environment, amusement park ride controls, discrete manufacturing, conveyance lines, special machines, educational campuses, commercial office buildings, and building automation. These features are continuously anticipated to push the sales of the product. In addition, China, India and Japan are expected to further drive the market growth of the insulation terminals to heights owing to the increasing demands for HVAC equipment from APAC.
The significant restraints identified are the provided cyclic nature of some of industries such as automobile, consumer goods, machinery, and tooling that may hamper the growth. The manufacturers of these insulation terminals are likely to face challenges like designing in surface mount technology (SMT) terminal blocks while taking into account surface-mount applications for the product design. Additionally, the SMT in comparison to the through-hole technology requires advanced designing, production process, highly skilled staff, and intelligent technology which further obstruct the easy development of the products.
The key players identified as playing significant role in the growth and development of the insulation terminal industry include AE-Industries, Changhong Plastics Group Imperial Plastics, Druseidt, Elpress, Klauke, KNIPEX, KORNER and MECATRACTION. These companies are further working on improving the product development and innovation of new technologies.
Topics Covered in The Report
- Global insulation terminal industry research
- Global insulation terminal market size
- Insulation terminal sector competition
- Insulation Terminal Consumption volume
- North America insulation terminal industry
- Europe insulation terminal industry
- India insulation terminal industry
- China insulation terminal industry
- Japan insulation terminal industry
- Global insulation terminal industry government regulations
- Global insulation terminal industry future Outlook
- Global insulation terminal market future
- Global insulation terminal market growth
- Global insulation terminal market trends
- Global insulation terminal market analysis
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Ankur Gupta, Head Marketing & Communications