MARKET INSIGHTS

The global Electric Terminal Strip Market size was valued at US$ 1.89 billion in 2024 and is projected to reach US$ 2.67 billion by 2032, at a CAGR of 5.1% during the forecast period 2025-2032. The U.S. market size is estimated at USD 128.5 million in 2024, while China is expected to reach USD 195.3 million by 2032. The Tin Plated Steel segment is anticipated to grow at a CAGR of 5.1% during 2024-2032.

Electric terminal strips are modular, insulated blocks that facilitate secure electrical connections between multiple wires. These components serve as critical interfaces in electrical circuits, providing reliable termination points while ensuring proper current flow and circuit protection. Common materials include tin-plated steel, bright brass, and other conductive alloys, each offering distinct conductivity and corrosion resistance properties.

The market growth is driven by expanding electrification across industries, particularly in automation and renewable energy sectors. Furthermore, the proliferation of IoT devices and smart infrastructure necessitates robust electrical connection solutions. Key manufacturers like Quail Electronics, Wieland Electric, and Essentra Components are enhancing product portfolios with innovations in high-temperature resistance and miniaturized designs to meet evolving industry requirements.

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Key Industry Players

Market Leaders Focus on Innovation and Expansion to Maintain Dominance

The global Electric Terminal Strip market features a moderately consolidated competitive landscape, with a mix of established manufacturers and regional players competing for market share. Quail Electronics and Keystone Electronics Corp. have emerged as frontrunners in the industry, driven by their extensive product portfolios and strong distribution networks across North America and Europe.

Companies such as Essentra Components and Wieland Electric Inc. have significantly strengthened their positions through strategic acquisitions and technological advancements in terminal strip designs. The tin-plated steel segment, which accounted for a substantial portion of 2024 revenue, remains a key focus area for these players due to its growing demand in industrial applications.

Meanwhile, Manufacturing Solutions Group and C. Sjoberg & Son, Inc. are expanding their production capabilities to capitalize on the Asia-Pacific market growth, particularly in China and India where infrastructure development is driving electrical component demand. These companies are investing heavily in R&D to develop corrosion-resistant and high-durability terminal strips for harsh environment applications.

List of Key Electric Terminal Strip Manufacturers

• Quail Electronics (U.S.)
• New Process Fibre Company, Inc. (U.S.)
• Keystone Electronics Corp. (U.S.)
• Manufacturing Solutions Group (U.S.)
• C. Sjoberg & Son, Inc. (U.S.)
• Vicksburg Enterprise Manufacturing (U.S.)
• American Electrical, Inc. (U.S.)
• Essentra Components (U.K.)
• Wieland Electric Inc. (Germany)
• Assembly Specialist, Inc. (U.S.)
• Zierick Manufacturing Corp. (U.S.)
• Orbel Corp. (U.S.)
• Technology Research Corporation (U.S.)

Segment Analysis:

By Type

Tin Plated Steel Segment Leads Due to Superior Conductivity and Corrosion Resistance

The market is segmented based on type into:

• Tin Plated Steel
• Bright Brass
• Others

By Application

Electrical Industry Dominates Owing to High Demand for Safe Power Distribution

The market is segmented based on application into:

• Electronics Industry
• Electrical Industry
• Others

By Voltage Rating

Low Voltage Segment Holds Major Share Due to Widespread Industrial Applications

The market is segmented based on voltage rating into:

• Low Voltage
• Medium Voltage
• High Voltage

By End-User

Industrial Sector Leads with Growing Automation and Electrification Needs

The market is segmented based on end-user into:

• Industrial
• Commercial
• Residential

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