Terminal Block Industry: Development Trend In The Global Market
As a key component of electrical connectors, terminal blocks are undergoing significant development and transformation in the global market, presenting the following core trends:
1、 The market size continues to expand, and regional growth differentiation is significant
The global terminal block market has steadily climbed from approximately 23 billion US dollars in 2020 to 38.899 billion yuan in 2025, and is expected to exceed 60 billion yuan by 2032, with an average annual compound growth rate of 6.48%. Among them, the growth rate of the Asian market is leading the world, with a compound annual growth rate of 6.15% from 2016 to 2022. As the world's largest connector consumer market, China's market size has reached 13.226 billion yuan by 2025, accounting for over 30% of the global market share. The North American and European markets are mainly focused on high-end industrial applications, with relatively stable growth rates.
2、 Technological iteration accelerates, intelligentization and greenization become mainstream
The industry's technological direction focuses on three major areas: firstly, intelligent upgrading. Leading companies such as Phoenix have launched intelligent terminals with integrated temperature sensors, which can monitor overheating risks in real time and prevent electrical failures; The second is green manufacturing. Amphenol uses bio based plastic materials, which increase the degradation rate by 50% and comply with RoHS 3.0 environmental standards; The third is high-voltage adaptation, supporting terminal temperature rise control within 45K for 800V new energy systems, meeting the fast charging needs of Tesla and other car companies.
3、 The wave of domestic substitution is sweeping, and domestic manufacturers are breaking through the mid to high end market
Driven by trade frictions and supply chain security, the technological gap among domestic manufacturers is rapidly narrowing. Through UL/VDE certification, the product accuracy reaches ± 0.01mm, the customized response cycle is shortened to 7 days, and the cost is 30% -50% lower than international brands. Its market share in photovoltaic energy storage, home appliances and other fields has exceeded. By 2025, the market share of domestically produced rail mounted terminals has reached the top in the world
4、 Diversified application scenarios and explosive demand in emerging fields
In addition to traditional industrial control and power distribution fields, terminal blocks are deeply penetrating high growth tracks such as new energy vehicles, 5G communication, and artificial intelligence. For example, the 800V high-voltage connector is used for Tesla's fast charging system, with a global market share of 12%; The transmission speed of 5G high-speed connectors reaches 224Gbps, supporting massive data exchange in data centers. It is expected that by 2032, the demand for transportation equipment, telecommunications equipment, and other fields will increase to over 40%.
