The Demand For Cable Terminals Is Gradually Increasing In The Market.
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Against the backdrop of the upgrading of the electrical and electronic industries, Compression Cable Lug, as a basic cabling component, has shown increasingly significant market performance. The rising demand for supporting industrial automation, power distribution, and infrastructure development is driving cable lugs expansion across the globe. In recent years, the market size of wire lugs has shown a stable growth rate, and the market size is expected to further increase around 2030.
