Report Detail

Machinery & Equipment Global Heat Shrink Terminals and Splices Market 2026 by Company, Regions, Type and Application, Forecast to 2032

  • RnM4668668
  • |
  • 22 January, 2026
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  • Global
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  • 130 Pages
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  • GIR
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  • Machinery & Equipment

According to our (Global Info Research) latest study, the global Heat Shrink Terminals and Splices market size was valued at US$ 383 million in 2025 and is forecast to a readjusted size of US$ 529 million by 2032 with a CAGR of 4.8% during review period.
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.
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 is a detailed and comprehensive analysis for global Heat Shrink Terminals and Splices market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Downstream Industry. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Heat Shrink Terminals and Splices market size and forecasts, in consumption value ($ Million), 2021-2032
Global Heat Shrink Terminals and Splices market size and forecasts by region and country, in consumption value ($ Million), 2021-2032
Global Heat Shrink Terminals and Splices market size and forecasts, by Type and by Downstream Industry, in consumption value ($ Million), 2021-2032
Global Heat Shrink Terminals and Splices market shares of main players, in revenue ($ Million), 2021-2026
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Heat Shrink Terminals and Splices
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Heat Shrink Terminals and Splices market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Molex, TE Connectivity, 3M, Panduit, ABB (T&B), Fuji Terminal, Shawcor (DSG-Canusa), K.S. TERMINALS, Nichifu, Hubbell (Burndy), etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market segmentation
Heat Shrink Terminals and Splices market is split by Type and by Downstream Industry. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for Consumption Value by Type and by Downstream Industry. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Heat Shrink Ring Terminals
Heat Shrink Fork Terminals
Heat Shrink Butt Splices
Heat Shrink Disconnect Terminals
Others
Market segment by Downstream Industry
Automotive Application
Marine Application
Industrial Application
Appliances
Others
Market segment by players, this report covers
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
Market segment by regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia and Rest of Asia-Pacific)
South America (Brazil, Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe Heat Shrink Terminals and Splices product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of Heat Shrink Terminals and Splices, with revenue, gross margin, and global market share of Heat Shrink Terminals and Splices from 2021 to 2026.
Chapter 3, the Heat Shrink Terminals and Splices competitive situation, revenue, and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and by Downstream Industry, with consumption value and growth rate by Type, by Downstream Industry, from 2021 to 2032.
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2021 to 2026.and Heat Shrink Terminals and Splices market forecast, by regions, by Type and by Downstream Industry, with consumption value, from 2027 to 2032.
Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis.
Chapter 12, the key raw materials and key suppliers, and industry chain of Heat Shrink Terminals and Splices.
Chapter 13, to describe Heat Shrink Terminals and Splices research findings and conclusion.


1 Market Overview

  • 1.1 Product Overview and Scope
  • 1.2 Market Estimation Caveats and Base Year
  • 1.3 Classification of Heat Shrink Terminals and Splices by Type
    • 1.3.1 Overview: Global Heat Shrink Terminals and Splices Market Size by Type: 2021 Versus 2025 Versus 2032
    • 1.3.2 Global Heat Shrink Terminals and Splices Consumption Value Market Share by Type in 2025
    • 1.3.3 Heat Shrink Ring Terminals
    • 1.3.4 Heat Shrink Fork Terminals
    • 1.3.5 Heat Shrink Butt Splices
    • 1.3.6 Heat Shrink Disconnect Terminals
    • 1.3.7 Others
  • 1.4 Global Heat Shrink Terminals and Splices Market by Downstream Industry
    • 1.4.1 Overview: Global Heat Shrink Terminals and Splices Market Size by Downstream Industry: 2021 Versus 2025 Versus 2032
    • 1.4.2 Automotive Application
    • 1.4.3 Marine Application
    • 1.4.4 Industrial Application
    • 1.4.5 Appliances
    • 1.4.6 Others
  • 1.5 Global Heat Shrink Terminals and Splices Market Size & Forecast
  • 1.6 Global Heat Shrink Terminals and Splices Market Size and Forecast by Region
    • 1.6.1 Global Heat Shrink Terminals and Splices Market Size by Region: 2021 VS 2025 VS 2032
    • 1.6.2 Global Heat Shrink Terminals and Splices Market Size by Region, (2021-2032)
    • 1.6.3 North America Heat Shrink Terminals and Splices Market Size and Prospect (2021-2032)
    • 1.6.4 Europe Heat Shrink Terminals and Splices Market Size and Prospect (2021-2032)
    • 1.6.5 Asia-Pacific Heat Shrink Terminals and Splices Market Size and Prospect (2021-2032)
    • 1.6.6 South America Heat Shrink Terminals and Splices Market Size and Prospect (2021-2032)
    • 1.6.7 Middle East & Africa Heat Shrink Terminals and Splices Market Size and Prospect (2021-2032)

2 Company Profiles

  • 2.1 Molex
    • 2.1.1 Molex Details
    • 2.1.2 Molex Major Business
    • 2.1.3 Molex Heat Shrink Terminals and Splices Product and Solutions
    • 2.1.4 Molex Heat Shrink Terminals and Splices Revenue, Gross Margin and Market Share (2021-2026)
    • 2.1.5 Molex Recent Developments and Future Plans
  • 2.2 TE Connectivity
    • 2.2.1 TE Connectivity Details
    • 2.2.2 TE Connectivity Major Business
    • 2.2.3 TE Connectivity Heat Shrink Terminals and Splices Product and Solutions
    • 2.2.4 TE Connectivity Heat Shrink Terminals and Splices Revenue, Gross Margin and Market Share (2021-2026)
    • 2.2.5 TE Connectivity Recent Developments and Future Plans
  • 2.3 3M
    • 2.3.1 3M Details
    • 2.3.2 3M Major Business
    • 2.3.3 3M Heat Shrink Terminals and Splices Product and Solutions
    • 2.3.4 3M Heat Shrink Terminals and Splices Revenue, Gross Margin and Market Share (2021-2026)
    • 2.3.5 3M Recent Developments and Future Plans
  • 2.4 Panduit
    • 2.4.1 Panduit Details
    • 2.4.2 Panduit Major Business
    • 2.4.3 Panduit Heat Shrink Terminals and Splices Product and Solutions
    • 2.4.4 Panduit Heat Shrink Terminals and Splices Revenue, Gross Margin and Market Share (2021-2026)
    • 2.4.5 Panduit Recent Developments and Future Plans
  • 2.5 ABB (T&B)
    • 2.5.1 ABB (T&B) Details
    • 2.5.2 ABB (T&B) Major Business
    • 2.5.3 ABB (T&B) Heat Shrink Terminals and Splices Product and Solutions
    • 2.5.4 ABB (T&B) Heat Shrink Terminals and Splices Revenue, Gross Margin and Market Share (2021-2026)
    • 2.5.5 ABB (T&B) Recent Developments and Future Plans
  • 2.6 Fuji Terminal
    • 2.6.1 Fuji Terminal Details
    • 2.6.2 Fuji Terminal Major Business
    • 2.6.3 Fuji Terminal Heat Shrink Terminals and Splices Product and Solutions
    • 2.6.4 Fuji Terminal Heat Shrink Terminals and Splices Revenue, Gross Margin and Market Share (2021-2026)
    • 2.6.5 Fuji Terminal Recent Developments and Future Plans
  • 2.7 Shawcor (DSG-Canusa)
    • 2.7.1 Shawcor (DSG-Canusa) Details
    • 2.7.2 Shawcor (DSG-Canusa) Major Business
    • 2.7.3 Shawcor (DSG-Canusa) Heat Shrink Terminals and Splices Product and Solutions
    • 2.7.4 Shawcor (DSG-Canusa) Heat Shrink Terminals and Splices Revenue, Gross Margin and Market Share (2021-2026)
    • 2.7.5 Shawcor (DSG-Canusa) Recent Developments and Future Plans
  • 2.8 K.S. TERMINALS
    • 2.8.1 K.S. TERMINALS Details
    • 2.8.2 K.S. TERMINALS Major Business
    • 2.8.3 K.S. TERMINALS Heat Shrink Terminals and Splices Product and Solutions
    • 2.8.4 K.S. TERMINALS Heat Shrink Terminals and Splices Revenue, Gross Margin and Market Share (2021-2026)
    • 2.8.5 K.S. TERMINALS Recent Developments and Future Plans
  • 2.9 Nichifu
    • 2.9.1 Nichifu Details
    • 2.9.2 Nichifu Major Business
    • 2.9.3 Nichifu Heat Shrink Terminals and Splices Product and Solutions
    • 2.9.4 Nichifu Heat Shrink Terminals and Splices Revenue, Gross Margin and Market Share (2021-2026)
    • 2.9.5 Nichifu Recent Developments and Future Plans
  • 2.10 Hubbell (Burndy)
    • 2.10.1 Hubbell (Burndy) Details
    • 2.10.2 Hubbell (Burndy) Major Business
    • 2.10.3 Hubbell (Burndy) Heat Shrink Terminals and Splices Product and Solutions
    • 2.10.4 Hubbell (Burndy) Heat Shrink Terminals and Splices Revenue, Gross Margin and Market Share (2021-2026)
    • 2.10.5 Hubbell (Burndy) Recent Developments and Future Plans
  • 2.11 NSPA (National Standard Parts Associates)
    • 2.11.1 NSPA (National Standard Parts Associates) Details
    • 2.11.2 NSPA (National Standard Parts Associates) Major Business
    • 2.11.3 NSPA (National Standard Parts Associates) Heat Shrink Terminals and Splices Product and Solutions
    • 2.11.4 NSPA (National Standard Parts Associates) Heat Shrink Terminals and Splices Revenue, Gross Margin and Market Share (2021-2026)
    • 2.11.5 NSPA (National Standard Parts Associates) Recent Developments and Future Plans
  • 2.12 Hillsdale Terminal
    • 2.12.1 Hillsdale Terminal Details
    • 2.12.2 Hillsdale Terminal Major Business
    • 2.12.3 Hillsdale Terminal Heat Shrink Terminals and Splices Product and Solutions
    • 2.12.4 Hillsdale Terminal Heat Shrink Terminals and Splices Revenue, Gross Margin and Market Share (2021-2026)
    • 2.12.5 Hillsdale Terminal Recent Developments and Future Plans
  • 2.13 FTZ Industries
    • 2.13.1 FTZ Industries Details
    • 2.13.2 FTZ Industries Major Business
    • 2.13.3 FTZ Industries Heat Shrink Terminals and Splices Product and Solutions
    • 2.13.4 FTZ Industries Heat Shrink Terminals and Splices Revenue, Gross Margin and Market Share (2021-2026)
    • 2.13.5 FTZ Industries Recent Developments and Future Plans
  • 2.14 Jeesoon Terminals
    • 2.14.1 Jeesoon Terminals Details
    • 2.14.2 Jeesoon Terminals Major Business
    • 2.14.3 Jeesoon Terminals Heat Shrink Terminals and Splices Product and Solutions
    • 2.14.4 Jeesoon Terminals Heat Shrink Terminals and Splices Revenue, Gross Margin and Market Share (2021-2026)
    • 2.14.5 Jeesoon Terminals Recent Developments and Future Plans
  • 2.15 UTA Auto Industrial
    • 2.15.1 UTA Auto Industrial Details
    • 2.15.2 UTA Auto Industrial Major Business
    • 2.15.3 UTA Auto Industrial Heat Shrink Terminals and Splices Product and Solutions
    • 2.15.4 UTA Auto Industrial Heat Shrink Terminals and Splices Revenue, Gross Margin and Market Share (2021-2026)
    • 2.15.5 UTA Auto Industrial Recent Developments and Future Plans
  • 2.16 Yun Lin Electronic
    • 2.16.1 Yun Lin Electronic Details
    • 2.16.2 Yun Lin Electronic Major Business
    • 2.16.3 Yun Lin Electronic Heat Shrink Terminals and Splices Product and Solutions
    • 2.16.4 Yun Lin Electronic Heat Shrink Terminals and Splices Revenue, Gross Margin and Market Share (2021-2026)
    • 2.16.5 Yun Lin Electronic Recent Developments and Future Plans
  • 2.17 Maikasen
    • 2.17.1 Maikasen Details
    • 2.17.2 Maikasen Major Business
    • 2.17.3 Maikasen Heat Shrink Terminals and Splices Product and Solutions
    • 2.17.4 Maikasen Heat Shrink Terminals and Splices Revenue, Gross Margin and Market Share (2021-2026)
    • 2.17.5 Maikasen Recent Developments and Future Plans
  • 2.18 EasyJoint Electric
    • 2.18.1 EasyJoint Electric Details
    • 2.18.2 EasyJoint Electric Major Business
    • 2.18.3 EasyJoint Electric Heat Shrink Terminals and Splices Product and Solutions
    • 2.18.4 EasyJoint Electric Heat Shrink Terminals and Splices Revenue, Gross Margin and Market Share (2021-2026)
    • 2.18.5 EasyJoint Electric Recent Developments and Future Plans
  • 2.19 AIRIC
    • 2.19.1 AIRIC Details
    • 2.19.2 AIRIC Major Business
    • 2.19.3 AIRIC Heat Shrink Terminals and Splices Product and Solutions
    • 2.19.4 AIRIC Heat Shrink Terminals and Splices Revenue, Gross Margin and Market Share (2021-2026)
    • 2.19.5 AIRIC Recent Developments and Future Plans
  • 2.20 Changhong Plastics Group Imperial Plastics
    • 2.20.1 Changhong Plastics Group Imperial Plastics Details
    • 2.20.2 Changhong Plastics Group Imperial Plastics Major Business
    • 2.20.3 Changhong Plastics Group Imperial Plastics Heat Shrink Terminals and Splices Product and Solutions
    • 2.20.4 Changhong Plastics Group Imperial Plastics Heat Shrink Terminals and Splices Revenue, Gross Margin and Market Share (2021-2026)
    • 2.20.5 Changhong Plastics Group Imperial Plastics Recent Developments and Future Plans

3 Market Competition, by Players

  • 3.1 Global Heat Shrink Terminals and Splices Revenue and Share by Players (2021-2026)
  • 3.2 Market Share Analysis (2025)
    • 3.2.1 Market Share of Heat Shrink Terminals and Splices by Company Revenue
    • 3.2.2 Top 3 Heat Shrink Terminals and Splices Players Market Share in 2025
    • 3.2.3 Top 6 Heat Shrink Terminals and Splices Players Market Share in 2025
  • 3.3 Heat Shrink Terminals and Splices Market: Overall Company Footprint Analysis
    • 3.3.1 Heat Shrink Terminals and Splices Market: Region Footprint
    • 3.3.2 Heat Shrink Terminals and Splices Market: Company Product Type Footprint
    • 3.3.3 Heat Shrink Terminals and Splices Market: Company Product Application Footprint
  • 3.4 New Market Entrants and Barriers to Market Entry
  • 3.5 Mergers, Acquisition, Agreements, and Collaborations

4 Market Size Segment by Type

  • 4.1 Global Heat Shrink Terminals and Splices Consumption Value and Market Share by Type (2021-2026)
  • 4.2 Global Heat Shrink Terminals and Splices Market Forecast by Type (2027-2032)

5 Market Size Segment by Downstream Industry

  • 5.1 Global Heat Shrink Terminals and Splices Consumption Value Market Share by Downstream Industry (2021-2026)
  • 5.2 Global Heat Shrink Terminals and Splices Market Forecast by Downstream Industry (2027-2032)

6 North America

  • 6.1 North America Heat Shrink Terminals and Splices Consumption Value by Type (2021-2032)
  • 6.2 North America Heat Shrink Terminals and Splices Market Size by Downstream Industry (2021-2032)
  • 6.3 North America Heat Shrink Terminals and Splices Market Size by Country
    • 6.3.1 North America Heat Shrink Terminals and Splices Consumption Value by Country (2021-2032)
    • 6.3.2 United States Heat Shrink Terminals and Splices Market Size and Forecast (2021-2032)
    • 6.3.3 Canada Heat Shrink Terminals and Splices Market Size and Forecast (2021-2032)
    • 6.3.4 Mexico Heat Shrink Terminals and Splices Market Size and Forecast (2021-2032)

7 Europe

  • 7.1 Europe Heat Shrink Terminals and Splices Consumption Value by Type (2021-2032)
  • 7.2 Europe Heat Shrink Terminals and Splices Consumption Value by Downstream Industry (2021-2032)
  • 7.3 Europe Heat Shrink Terminals and Splices Market Size by Country
    • 7.3.1 Europe Heat Shrink Terminals and Splices Consumption Value by Country (2021-2032)
    • 7.3.2 Germany Heat Shrink Terminals and Splices Market Size and Forecast (2021-2032)
    • 7.3.3 France Heat Shrink Terminals and Splices Market Size and Forecast (2021-2032)
    • 7.3.4 United Kingdom Heat Shrink Terminals and Splices Market Size and Forecast (2021-2032)
    • 7.3.5 Russia Heat Shrink Terminals and Splices Market Size and Forecast (2021-2032)
    • 7.3.6 Italy Heat Shrink Terminals and Splices Market Size and Forecast (2021-2032)

8 Asia-Pacific

  • 8.1 Asia-Pacific Heat Shrink Terminals and Splices Consumption Value by Type (2021-2032)
  • 8.2 Asia-Pacific Heat Shrink Terminals and Splices Consumption Value by Downstream Industry (2021-2032)
  • 8.3 Asia-Pacific Heat Shrink Terminals and Splices Market Size by Region
    • 8.3.1 Asia-Pacific Heat Shrink Terminals and Splices Consumption Value by Region (2021-2032)
    • 8.3.2 China Heat Shrink Terminals and Splices Market Size and Forecast (2021-2032)
    • 8.3.3 Japan Heat Shrink Terminals and Splices Market Size and Forecast (2021-2032)
    • 8.3.4 South Korea Heat Shrink Terminals and Splices Market Size and Forecast (2021-2032)
    • 8.3.5 India Heat Shrink Terminals and Splices Market Size and Forecast (2021-2032)
    • 8.3.6 Southeast Asia Heat Shrink Terminals and Splices Market Size and Forecast (2021-2032)
    • 8.3.7 Australia Heat Shrink Terminals and Splices Market Size and Forecast (2021-2032)

9 South America

  • 9.1 South America Heat Shrink Terminals and Splices Consumption Value by Type (2021-2032)
  • 9.2 South America Heat Shrink Terminals and Splices Consumption Value by Downstream Industry (2021-2032)
  • 9.3 South America Heat Shrink Terminals and Splices Market Size by Country
    • 9.3.1 South America Heat Shrink Terminals and Splices Consumption Value by Country (2021-2032)
    • 9.3.2 Brazil Heat Shrink Terminals and Splices Market Size and Forecast (2021-2032)
    • 9.3.3 Argentina Heat Shrink Terminals and Splices Market Size and Forecast (2021-2032)

10 Middle East & Africa

  • 10.1 Middle East & Africa Heat Shrink Terminals and Splices Consumption Value by Type (2021-2032)
  • 10.2 Middle East & Africa Heat Shrink Terminals and Splices Consumption Value by Downstream Industry (2021-2032)
  • 10.3 Middle East & Africa Heat Shrink Terminals and Splices Market Size by Country
    • 10.3.1 Middle East & Africa Heat Shrink Terminals and Splices Consumption Value by Country (2021-2032)
    • 10.3.2 Turkey Heat Shrink Terminals and Splices Market Size and Forecast (2021-2032)
    • 10.3.3 Saudi Arabia Heat Shrink Terminals and Splices Market Size and Forecast (2021-2032)
    • 10.3.4 UAE Heat Shrink Terminals and Splices Market Size and Forecast (2021-2032)

11 Market Dynamics

  • 11.1 Heat Shrink Terminals and Splices Market Drivers
  • 11.2 Heat Shrink Terminals and Splices Market Restraints
  • 11.3 Heat Shrink Terminals and Splices Trends Analysis
  • 11.4 Porters Five Forces Analysis
    • 11.4.1 Threat of New Entrants
    • 11.4.2 Bargaining Power of Suppliers
    • 11.4.3 Bargaining Power of Buyers
    • 11.4.4 Threat of Substitutes
    • 11.4.5 Competitive Rivalry

12 Industry Chain Analysis

  • 12.1 Heat Shrink Terminals and Splices Industry Chain
  • 12.2 Heat Shrink Terminals and Splices Upstream Analysis
  • 12.3 Heat Shrink Terminals and Splices Midstream Analysis
  • 12.4 Heat Shrink Terminals and Splices Downstream Analysis

13 Research Findings and Conclusion

    14 Appendix

    • 14.1 Methodology
    • 14.2 Research Process and Data Source

    Summary:
    Get latest Market Research Reports on Heat Shrink Terminals and Splices. Industry analysis & Market Report on Heat Shrink Terminals and Splices is a syndicated market report, published as Global Heat Shrink Terminals and Splices Market 2026 by Company, Regions, Type and Application, Forecast to 2032. It is complete Research Study and Industry Analysis of Heat Shrink Terminals and Splices market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.

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