Heat Shrink Terminals and Splices Market

The global Heat Shrink Terminals and Splices market was valued at US$ 333.3 million in 2022 and is projected to reach US$ 459.3 million by 2029, at a CAGR of 4.7% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

Heat shrink terminal is used for insulation, sealing and protection of joints from external abuse, scratches, moisture, salt and other hazardous elements. In order to shrink down the insulation after compressing the heat shrink connectors to electrical wire system, heat guns are used. Once, the heat shrink sleeve is heated and shrunk down onto the cable, it helps in increasing the mechanical strength of the terminal as well as resistance to corrosion.

Heat Shrink Terminals and Splices Market aims to provide a comprehensive presentation of the global market for Heat Shrink Terminals and Splices, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Heat Shrink Terminals and Splices. Heat Shrink Terminals and Splices Market contains market size and forecasts of Heat Shrink Terminals and Splices in global, including the following market information:

• Global Heat Shrink Terminals and Splices Market Revenue, 2018-2023, 2024-2029, ($ millions)
• Global top five companies in 2022 (%)

Molex, TE Connectivity, K.S. TERMINALS, 3M, ABB (T&B), Fuji Terminal, Panduit, FTZ Industries, NSPA (National Standard Parts Associates) are the key players in the global heat shrink terminals and splices market. This market is relatively dispersed, the Top 5 took up only 20.16% of the global market in 2019.

We surveyed the Heat Shrink Terminals and Splices companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Heat Shrink Terminals and Splices Market, by Type, 2018-2023, 2024-2029 ($ millions)

Global Heat Shrink Terminals and Splices Market Segment Percentages, by Type, 2022 (%)

• Heat Shrink Ring Terminals
• Heat Shrink Fork Terminals
• Heat Shrink Butt Splices
• Heat Shrink Disconnect Terminals
• Others

Global Heat Shrink Terminals and Splices Market, by Downstream Industry, 2018-2023, 2024-2029 ($ millions)

Global Heat Shrink Terminals and Splices Market Segment Percentages, by Downstream Industry, 2022 (%)

• Automotive Application
• Marine Application
• Industrial Application
• Appliances
• Others

Global Heat Shrink Terminals and Splices Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)

Global Heat Shrink Terminals and Splices Market Segment Percentages, By Region and Country, 2022 (%)

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Nordic Countries
• Benelux
• Rest of Europe
• Asia
• China
• Japan
• South Korea
• Southeast Asia
• India
• Rest of Asia
• South America
• Brazil
• Argentina
• Rest of South America
• Middle East & Africa
• Turkey
• Israel
• Saudi Arabia
• UAE
• Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

• Key companies Heat Shrink Terminals and Splices revenues in global market, 2018-2023 (estimated), ($ millions)
• Key companies Heat Shrink Terminals and Splices revenues share in global market, 2022 (%)

Key players include:

• Molex
• TE Connectivity
• 3M
• Panduit
• ABB (T&B)
• Fuji Terminal
• Shawcor (DSG-Canusa)
• K.S. TERMINALS
• Nichifu
• Hubbell (Burndy)
• NSPA (National Standard Parts Associates)
• Hillsdale Terminal
• FTZ Industries
• Jeesoon Terminals
• UTA Auto Industrial
• Yun Lin Electronic
• Maikasen
• EasyJoint Electric
• AIRIC
• Changhong Plastics Group Imperial Plastics

Outline of Major Chapters:

• Chapter 1: Introduces the definition of Heat Shrink Terminals and Splices, market overview.
• Chapter 2: Global Heat Shrink Terminals and Splices market size in revenue.
• Chapter 3: Detailed analysis of Heat Shrink Terminals and Splices company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
• Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
• Chapter 5: Provides the analysis of various market segments by downstream industry, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
• Chapter 6: Sales of Heat Shrink Terminals and Splices in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
• Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
• Chapter 8: The main points and conclusions of the report.