

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.
The global Heat Shrink Terminals and Splices market was valued at US$ 323.9 million in 2023 and is anticipated to reach US$ 454.5 million by 2030, witnessing a CAGR of 4.9% during the forecast period 2024-2030.
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.
This report 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.
Report Scope
The Heat Shrink Terminals and Splices market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Heat Shrink Terminals and Splices market comprehensively. Regional market sizes, concerning products by Type, by Downstream Industry, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Heat Shrink Terminals and Splices companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Downstream Industry, and by regions.
Âé¶¹Ô´´ Segmentation
By Company
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
Segment by Type
Heat Shrink Ring Terminals
Heat Shrink Fork Terminals
Heat Shrink Butt Splices
Heat Shrink Disconnect Terminals
Others
Segment by Downstream Industry
Automotive Application
Marine Application
Industrial Application
Appliances
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Downstream Industry, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Heat Shrink Terminals and Splices companies’ competitive landscape, revenue 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, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. 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, and capacity of each country in the world.
Chapter 11: 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 12: The main points and conclusions of the report.
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Report Overview
1.1 Study Scope
1.2 Âé¶¹Ô´´ Analysis by Type
1.2.1 Global Heat Shrink Terminals and Splices Âé¶¹Ô´´ Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Heat Shrink Ring Terminals
1.2.3 Heat Shrink Fork Terminals
1.2.4 Heat Shrink Butt Splices
1.2.5 Heat Shrink Disconnect Terminals
1.2.6 Others
1.3 Âé¶¹Ô´´ by Downstream Industry
1.3.1 Global Heat Shrink Terminals and Splices Âé¶¹Ô´´ Growth by Downstream Industry: 2019 VS 2023 VS 2030
1.3.2 Automotive Application
1.3.3 Marine Application
1.3.4 Industrial Application
1.3.5 Appliances
1.3.6 Others
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Heat Shrink Terminals and Splices Âé¶¹Ô´´ Perspective (2019-2030)
2.2 Heat Shrink Terminals and Splices Growth Trends by Region
2.2.1 Global Heat Shrink Terminals and Splices Âé¶¹Ô´´ Size by Region: 2019 VS 2023 VS 2030
2.2.2 Heat Shrink Terminals and Splices Historic Âé¶¹Ô´´ Size by Region (2019-2024)
2.2.3 Heat Shrink Terminals and Splices Forecasted Âé¶¹Ô´´ Size by Region (2025-2030)
2.3 Heat Shrink Terminals and Splices Âé¶¹Ô´´ Dynamics
2.3.1 Heat Shrink Terminals and Splices Industry Trends
2.3.2 Heat Shrink Terminals and Splices Âé¶¹Ô´´ Drivers
2.3.3 Heat Shrink Terminals and Splices Âé¶¹Ô´´ Challenges
2.3.4 Heat Shrink Terminals and Splices Âé¶¹Ô´´ Restraints
3 Competition Landscape by Key Players
3.1 Global Top Heat Shrink Terminals and Splices Players by Revenue
3.1.1 Global Top Heat Shrink Terminals and Splices Players by Revenue (2019-2024)
3.1.2 Global Heat Shrink Terminals and Splices Revenue Âé¶¹Ô´´ Share by Players (2019-2024)
3.2 Global Heat Shrink Terminals and Splices Âé¶¹Ô´´ Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Heat Shrink Terminals and Splices Revenue
3.4 Global Heat Shrink Terminals and Splices Âé¶¹Ô´´ Concentration Ratio
3.4.1 Global Heat Shrink Terminals and Splices Âé¶¹Ô´´ Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Heat Shrink Terminals and Splices Revenue in 2023
3.5 Heat Shrink Terminals and Splices Key Players Head office and Area Served
3.6 Key Players Heat Shrink Terminals and Splices Product Solution and Service
3.7 Date of Enter into Heat Shrink Terminals and Splices Âé¶¹Ô´´
3.8 Mergers & Acquisitions, Expansion Plans
4 Heat Shrink Terminals and Splices Breakdown Data by Type
4.1 Global Heat Shrink Terminals and Splices Historic Âé¶¹Ô´´ Size by Type (2019-2024)
4.2 Global Heat Shrink Terminals and Splices Forecasted Âé¶¹Ô´´ Size by Type (2025-2030)
5 Heat Shrink Terminals and Splices Breakdown Data by Downstream Industry
5.1 Global Heat Shrink Terminals and Splices Historic Âé¶¹Ô´´ Size by Downstream Industry (2019-2024)
5.2 Global Heat Shrink Terminals and Splices Forecasted Âé¶¹Ô´´ Size by Downstream Industry (2025-2030)
6 North America
6.1 North America Heat Shrink Terminals and Splices Âé¶¹Ô´´ Size (2019-2030)
6.2 North America Heat Shrink Terminals and Splices Âé¶¹Ô´´ Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Heat Shrink Terminals and Splices Âé¶¹Ô´´ Size by Country (2019-2024)
6.4 North America Heat Shrink Terminals and Splices Âé¶¹Ô´´ Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Heat Shrink Terminals and Splices Âé¶¹Ô´´ Size (2019-2030)
7.2 Europe Heat Shrink Terminals and Splices Âé¶¹Ô´´ Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Heat Shrink Terminals and Splices Âé¶¹Ô´´ Size by Country (2019-2024)
7.4 Europe Heat Shrink Terminals and Splices Âé¶¹Ô´´ Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Heat Shrink Terminals and Splices Âé¶¹Ô´´ Size (2019-2030)
8.2 Asia-Pacific Heat Shrink Terminals and Splices Âé¶¹Ô´´ Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Heat Shrink Terminals and Splices Âé¶¹Ô´´ Size by Region (2019-2024)
8.4 Asia-Pacific Heat Shrink Terminals and Splices Âé¶¹Ô´´ Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Heat Shrink Terminals and Splices Âé¶¹Ô´´ Size (2019-2030)
9.2 Latin America Heat Shrink Terminals and Splices Âé¶¹Ô´´ Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Heat Shrink Terminals and Splices Âé¶¹Ô´´ Size by Country (2019-2024)
9.4 Latin America Heat Shrink Terminals and Splices Âé¶¹Ô´´ Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Heat Shrink Terminals and Splices Âé¶¹Ô´´ Size (2019-2030)
10.2 Middle East & Africa Heat Shrink Terminals and Splices Âé¶¹Ô´´ Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Heat Shrink Terminals and Splices Âé¶¹Ô´´ Size by Country (2019-2024)
10.4 Middle East & Africa Heat Shrink Terminals and Splices Âé¶¹Ô´´ Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Molex
11.1.1 Molex Company Detail
11.1.2 Molex Business Overview
11.1.3 Molex Heat Shrink Terminals and Splices Introduction
11.1.4 Molex Revenue in Heat Shrink Terminals and Splices Business (2019-2024)
11.1.5 Molex Recent Development
11.2 TE Connectivity
11.2.1 TE Connectivity Company Detail
11.2.2 TE Connectivity Business Overview
11.2.3 TE Connectivity Heat Shrink Terminals and Splices Introduction
11.2.4 TE Connectivity Revenue in Heat Shrink Terminals and Splices Business (2019-2024)
11.2.5 TE Connectivity Recent Development
11.3 3M
11.3.1 3M Company Detail
11.3.2 3M Business Overview
11.3.3 3M Heat Shrink Terminals and Splices Introduction
11.3.4 3M Revenue in Heat Shrink Terminals and Splices Business (2019-2024)
11.3.5 3M Recent Development
11.4 Panduit
11.4.1 Panduit Company Detail
11.4.2 Panduit Business Overview
11.4.3 Panduit Heat Shrink Terminals and Splices Introduction
11.4.4 Panduit Revenue in Heat Shrink Terminals and Splices Business (2019-2024)
11.4.5 Panduit Recent Development
11.5 ABB (T&B)
11.5.1 ABB (T&B) Company Detail
11.5.2 ABB (T&B) Business Overview
11.5.3 ABB (T&B) Heat Shrink Terminals and Splices Introduction
11.5.4 ABB (T&B) Revenue in Heat Shrink Terminals and Splices Business (2019-2024)
11.5.5 ABB (T&B) Recent Development
11.6 Fuji Terminal
11.6.1 Fuji Terminal Company Detail
11.6.2 Fuji Terminal Business Overview
11.6.3 Fuji Terminal Heat Shrink Terminals and Splices Introduction
11.6.4 Fuji Terminal Revenue in Heat Shrink Terminals and Splices Business (2019-2024)
11.6.5 Fuji Terminal Recent Development
11.7 Shawcor (DSG-Canusa)
11.7.1 Shawcor (DSG-Canusa) Company Detail
11.7.2 Shawcor (DSG-Canusa) Business Overview
11.7.3 Shawcor (DSG-Canusa) Heat Shrink Terminals and Splices Introduction
11.7.4 Shawcor (DSG-Canusa) Revenue in Heat Shrink Terminals and Splices Business (2019-2024)
11.7.5 Shawcor (DSG-Canusa) Recent Development
11.8 K.S. TERMINALS
11.8.1 K.S. TERMINALS Company Detail
11.8.2 K.S. TERMINALS Business Overview
11.8.3 K.S. TERMINALS Heat Shrink Terminals and Splices Introduction
11.8.4 K.S. TERMINALS Revenue in Heat Shrink Terminals and Splices Business (2019-2024)
11.8.5 K.S. TERMINALS Recent Development
11.9 Nichifu
11.9.1 Nichifu Company Detail
11.9.2 Nichifu Business Overview
11.9.3 Nichifu Heat Shrink Terminals and Splices Introduction
11.9.4 Nichifu Revenue in Heat Shrink Terminals and Splices Business (2019-2024)
11.9.5 Nichifu Recent Development
11.10 Hubbell (Burndy)
11.10.1 Hubbell (Burndy) Company Detail
11.10.2 Hubbell (Burndy) Business Overview
11.10.3 Hubbell (Burndy) Heat Shrink Terminals and Splices Introduction
11.10.4 Hubbell (Burndy) Revenue in Heat Shrink Terminals and Splices Business (2019-2024)
11.10.5 Hubbell (Burndy) Recent Development
11.11 NSPA (National Standard Parts Associates)
11.11.1 NSPA (National Standard Parts Associates) Company Detail
11.11.2 NSPA (National Standard Parts Associates) Business Overview
11.11.3 NSPA (National Standard Parts Associates) Heat Shrink Terminals and Splices Introduction
11.11.4 NSPA (National Standard Parts Associates) Revenue in Heat Shrink Terminals and Splices Business (2019-2024)
11.11.5 NSPA (National Standard Parts Associates) Recent Development
11.12 Hillsdale Terminal
11.12.1 Hillsdale Terminal Company Detail
11.12.2 Hillsdale Terminal Business Overview
11.12.3 Hillsdale Terminal Heat Shrink Terminals and Splices Introduction
11.12.4 Hillsdale Terminal Revenue in Heat Shrink Terminals and Splices Business (2019-2024)
11.12.5 Hillsdale Terminal Recent Development
11.13 FTZ Industries
11.13.1 FTZ Industries Company Detail
11.13.2 FTZ Industries Business Overview
11.13.3 FTZ Industries Heat Shrink Terminals and Splices Introduction
11.13.4 FTZ Industries Revenue in Heat Shrink Terminals and Splices Business (2019-2024)
11.13.5 FTZ Industries Recent Development
11.14 Jeesoon Terminals
11.14.1 Jeesoon Terminals Company Detail
11.14.2 Jeesoon Terminals Business Overview
11.14.3 Jeesoon Terminals Heat Shrink Terminals and Splices Introduction
11.14.4 Jeesoon Terminals Revenue in Heat Shrink Terminals and Splices Business (2019-2024)
11.14.5 Jeesoon Terminals Recent Development
11.15 UTA Auto Industrial
11.15.1 UTA Auto Industrial Company Detail
11.15.2 UTA Auto Industrial Business Overview
11.15.3 UTA Auto Industrial Heat Shrink Terminals and Splices Introduction
11.15.4 UTA Auto Industrial Revenue in Heat Shrink Terminals and Splices Business (2019-2024)
11.15.5 UTA Auto Industrial Recent Development
11.16 Yun Lin Electronic
11.16.1 Yun Lin Electronic Company Detail
11.16.2 Yun Lin Electronic Business Overview
11.16.3 Yun Lin Electronic Heat Shrink Terminals and Splices Introduction
11.16.4 Yun Lin Electronic Revenue in Heat Shrink Terminals and Splices Business (2019-2024)
11.16.5 Yun Lin Electronic Recent Development
11.17 Maikasen
11.17.1 Maikasen Company Detail
11.17.2 Maikasen Business Overview
11.17.3 Maikasen Heat Shrink Terminals and Splices Introduction
11.17.4 Maikasen Revenue in Heat Shrink Terminals and Splices Business (2019-2024)
11.17.5 Maikasen Recent Development
11.18 EasyJoint Electric
11.18.1 EasyJoint Electric Company Detail
11.18.2 EasyJoint Electric Business Overview
11.18.3 EasyJoint Electric Heat Shrink Terminals and Splices Introduction
11.18.4 EasyJoint Electric Revenue in Heat Shrink Terminals and Splices Business (2019-2024)
11.18.5 EasyJoint Electric Recent Development
11.19 AIRIC
11.19.1 AIRIC Company Detail
11.19.2 AIRIC Business Overview
11.19.3 AIRIC Heat Shrink Terminals and Splices Introduction
11.19.4 AIRIC Revenue in Heat Shrink Terminals and Splices Business (2019-2024)
11.19.5 AIRIC Recent Development
11.20 Changhong Plastics Group Imperial Plastics
11.20.1 Changhong Plastics Group Imperial Plastics Company Detail
11.20.2 Changhong Plastics Group Imperial Plastics Business Overview
11.20.3 Changhong Plastics Group Imperial Plastics Heat Shrink Terminals and Splices Introduction
11.20.4 Changhong Plastics Group Imperial Plastics Revenue in Heat Shrink Terminals and Splices Business (2019-2024)
11.20.5 Changhong Plastics Group Imperial Plastics Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
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
Ìý
Ìý
*If Applicable.