Global Terminal Block Market: Market Analysis by Knowledge Sourcing Intelligence
Terminal Block Market is projected to grow at a decent CAGR over the forecast period. Geographically, Asia Pacific (APAC) region is projected to witness the fastest regional market growth due to growth being observed in the telecom industry in conjunction with supportive government initiatives and grants in countries such as Japan, China, India, and South Korea. Furthermore, increasing industrial activities in the region and the growing need for HVAC equipment will further propel the growth of terminal block market in the region. However, the major restraining factors are the cyclic nature of automobile, consumer good s , machinery, and other allied industries. Telecom sector is increasing at a high rate in APAC region especially due to the burgeoning demand for smartphones in China and India owing to increasing investments, and government initiatives. For example, in India, encouragement towards foreign direct investments h...