Wire Termination Market Scope
A wire termination is a piece of electrical equipment that connects the two ends of an electrical wire. This unique electrical device connects two or more electrical devices (switch, terminal, or connector). There are numerous termination types, but the vast majority will fall into one of the two most common construction types. Wire termination includes wire connectors, closed-end crimp connectors, cord-end ferrules, and wire terminals. When a device requires a contact or terminal, a crimp termination is used. The wire insulation is stripped, and the contact or terminal is crimped to the wire. The tool is used to crimp a contact or terminal onto a wire conductor.This type of termination is most commonly found on InterConnect's aircraft wiring harnesses and circuit breaker panels for aircraft such as the F-15, C-130, and UH-60, to name a few. When the wire conductors connect directly to the device, a solder termination is performed. This entails removing the wire insulation and connecting it to the device with flux and solder. The J-STD-001 provides specific instructions on how to solder.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | TE Connectivity (Switzerland), 3M (United States), Panduit (United States), ABB (Switzerland), JST Sales America, Inc. (United States), Fuji Terminal China Inc. (China), Molex (United States), HellermannTyton (United Kingdom), Hubbell (United States) and IDEAL INDUSTRIES, INC. (United States) |
CAGR | % |
The market for Wire Termination is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as product innovation and using various marketing strategies to gain a higher market share. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Wire Termination market throughout the predicted period.
TE Connectivity (Switzerland), 3M (United States), Panduit (United States), ABB (Switzerland), JST Sales America, Inc. (United States), Fuji Terminal China Inc. (China), Molex (United States), HellermannTyton (United Kingdom), Hubbell (United States) and IDEAL INDUSTRIES, INC. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are HUA WEI INDUSTRIAL CO., LTD. (Taiwan), ETCO (United States) and Miracle Electronics Devices Pvt Ltd (India).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Wire Termination market by Type , by Application (Aerospace and Defense, Automotive, Industrial Application, Electrical & Electronics, Home Appliances and Others) and Region with country level break-up.
On the basis of geography, the market of Wire Termination 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).
region held largest market share in the year 2021.
On 2 July 2022, TE Connectivity (TE) has introduced the new SNACompact terminal blocks range from ENTRELEC. Made in India, the new terminal blocks feature a compact design that delivers powerful performance, improving the panel building process for installers who must meet the demands of miniaturization.
Wire Termination Market Dynamics:
Attributes | Details |
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Trends Influencing Market | - Technological Advancement In Wire Termination
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Key Restraints | - Availability Of Counterfeit Products
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Challenges | - High Cost Associated With Wire Termination
- Fierce Competitive Pressure
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Market Opportunities | - Increasing Demand From Developing Countries
- Growing The Sales Of Wire Termination Online Platform
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Key Target Audience
New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others