The electric terminal block industry: vast prospects, unlimited opportunities
Against the backdrop of accelerated global electrification and digital transformation, terminal blocks, as the core component of electrical connections, are facing unprecedented development opportunities. According to market research institutions' predictions, the global terminal block market will continue to expand and is expected to exceed 38 billion yuan by 2030. As the world's largest consumer and manufacturing base, the Chinese market has a significantly higher growth rate than the global average.
Emerging fields drive demand explosion
The rapid development of new energy vehicles, smart grids, industrial automation and other fields has become the core engine for the growth of the terminal block market. Taking new energy vehicles as an example, the demand for high-voltage and high current terminals in battery management systems, charging systems, and power systems has surged, driving the industry to upgrade towards high reliability, high temperature resistance, and vibration resistance. According to the semi annual report of Baili Electric in 2025, its sales of high current spring clip terminals for wind power have significantly increased, confirming the strong demand for high-end products in the new energy sector.
Localization substitution accelerates industry transformation
Against the backdrop of the China US trade friction and global supply chain restructuring, the technological strength of domestic enterprises has rapidly improved, and the process of localization substitution has significantly accelerated. Technological upgrade opens up new tracks
Intelligence, miniaturization, and environmental protection have become the main themes of technological evolution in the industry. International giants such as Phoenix and Weidmuller are accelerating their layout in the field of intelligent terminals. Terminal products that integrate sensors and communication functions can monitor connection status in real time, improving system security. At the same time, environmental innovations such as halogen-free flame retardant materials and copper aluminum composite materials are driving the industry towards a green and low-carbon transformation.
Faced with broad prospects, enterprises need to focus on high-end product research and development, deepen the transformation of intelligent manufacturing, and actively expand overseas markets. With the advancement of the "dual carbon" strategy and the upgrading of global electrical infrastructure, the electric terminal block industry will continue to release growth momentum and become a key force connecting the future.
