What is Barrier Strips Market?
Barrier strips are the screw type electrical connectors that allow more than one circuit to connect to another circuit. In this wires are clamped down to a metal part by tightening of a screw and multiple screw terminals are arranged such that the metal strips are separated by a barrier or insulating block. These strips are used in electrical wiring for distributing electricity, connecting switches, electrical outlets and lighting fixtures to the mains. They are also used for directly connect major appliances such as ovens.
The market study is being classified by Type (Dual Barrier, Tri-Barrier and Double Row), by Application (PCB, Machine Controls, Power Supplies, Test and Measurement, Automation Equipment, Security/Alarm Devices and HVAC Controls) and major geographies with country level break-up.
TE Connectivity Ltd. (Switzerland), WECO Electrical Connectors Inc. (United States), Eaton Corporation (Ireland), Curtis Industries (United States), Molex Incorporated (United States), Phoenix Contact (Germany), Schneider Electric (France), Mouser Electronics (United States), CamdenBoss Ltd (United Kingdom) and All Electronics Corp. (United States) are some of the key players profiled in the study.
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Barrier Strips market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Barrier Strips market by Type, Application and Region.
On the basis of geography, the market of Barrier Strips has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Quick and Easy Field Termination
- Robust and Durable
- High Demand for Barrier Strips in Electrical Wiring Applications
Market Trend
- High Demand for Innovative Products
Restraints
- Fluctuations in the Raw Material Prices
Opportunities
- Growing Electronics Industry Worldwide
- Increasing Demand from End-User Industry
Challenges
- Slowdown of the World Economy
Key Target Audience
Barrier Strips Manufacturers, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user