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Industrial Plugs & Sockets - Global Market Outlook (2020-2028)

Industrial Plugs & Sockets - Global Market Outlook (2020-2028)

4.7 (49 reviews)
Published: June 2021 ID: SMRC20609
4.7 (49 reviews)
Published: June 2021 ID: SMRC20609

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Industrial Plugs and Sockets market is accounted for $2.54 billion in 2020 and is expected to reach $4.34 billion by 2028 growing at a CAGR of 6.9% during the forecast period. Increasing electrification of different industries to drive demand for industrial plugs and sockets and ongoing rapid industrialization in Asia Pacific and rising economic nationalism and investments in local manufacturing. However, slowdown in economic growth of key countries in Asia Pacific to impact growth of industrial plugs and sockets market are restraining market growth.

 

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In order to establish secure connections between the sources of power and other industries machines and equipment they are set up to control the harmful effect, volatile levels of frequencies and voltages on the industrial equipment. It is mostly used in oil and gas, automotive, power generation, heavy industries and others industries as well. Industrial plugs and sockets are utilized to avoid cautious or accidental mismatching of plugs and avoid connections which are not suitable with regards to frequency, polarity, voltage, current and type of use.

Based on end user, heavy industries segment accounted for considerable market share during the forecast period. As, industrial plugs and sockets are extensively used in heavy industries for safe, reliable, and easy connection and disconnection of equipment irrespective of the environmental conditions. The growth of heavy industries sector is mainly driven by the increasing infrastructure investments in key markets such as China and India, along with the increased industrial investments in Southeast Asian markets.

By geography, Asia Pacific held the largest market share during the forecast period. The growth of the market in this region is mainly driven by the increasing large-scale infrastructure and industrial investments during the forecast period. Growing demand for safe, secure, and reliable connected and disconnected equipment for use in a diverse range of environments, improved investments in the construction sector, and sustained industrial investments in the key markets offer high-growth opportunities for the industrial plugs and sockets market in Asia Pacific.

Some of the key players profiled in the Industrial Plugs and Sockets Amphenol Corporation, Abb, Emerson Electric, Schneider Electric, Legrand, Marechal Electric Group, Mennekes Palazzoli Group, Scame Group, Eaton, Hubbell, Walther-Werke,  Rauscher & Stoecklin, Bals Elektrotechnik, Leviton Company.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 2.54billion

Estimated Period:

2020

Compound Annual Growth Rate (CAGR) from 2020 to 2028:

6.9%

Predicted 2028 Value:

USD 4.34billion

Forecast Years:

2021-2028

Tables, Graphs & Figures

302

Chapters Covered:

Product, Protection, Material, Type of Current, Internet Protocol Rating, Voltage Rating, Sales Channel, End User and Region

Core Drivers and Opportunities:

  • Increasing electrification of different industries
  • Ongoing rapid industrialization
  • Investments in local manufacturing

Restraining Factors & Market Threats:

  • Slowdown in economic growth
  • Presence of gray market


Products Covered:
• Industrial Plugs
• Interlocked Socket Outlets
• Mechanical Interlock
• Connectors
• Switch Disconnectors
• Distribution Board Equipped with International Electrotechnical Commission (IEC) Sockets

Protections Covered:
• Dustproof and Splash Proof
• Explosion Proof
• Water Proof

Materials Covered:
• Plastic
• Metal
• Wood
• Paperboard

Types of Current Covered:
• Up to 32 A
• 2 to 125 A
• Above 125 A

Internet Protocol Ratings Covered:
• Internet Protocol (IP) 44/45
• Internet Protocol (IP) 66/67

Voltages Rating Covered:
• 24 to 42 V
• 42 to 110 V
• 110 to 230 V
• 230 to 400 V
• Above 400 V

Sales Channel Covered:
• Direct Sales
• Distributor

End Users Covered:
• Aerospace & Defence
• Automotive & Transportation
• Chemicals and Pharmaceuticals
• Construction
• Food and Beverage
• Heavy Industries
• Industry
• Manufacturing
• Marine
• Oil and Gas
• Power Generation & Distribution
• Consumer Electronics
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Key Questions Answered In The Report

The Global Industrial Plugs & Sockets Market is majorly driven by increasing electrification of different industries, ongoing rapid industrialization and rising economic nationalism and investments in local manufacturing.

The heavy industries segment is growing at a highest CAGR owing to extensive usage in heavy industries for safe, reliable, and easy connection and disconnection of equipment irrespective of the environmental conditions.

Asia Pacific dominated with a significant market share due to rising demand for safe, secure, and reliable connected and disconnected equipment for use in a diverse range of environments and increased investments in the region.

North America market is growing at a highest CAGR owing to sustained industrial investment in the region.

Key players in Industrial Plugs & Sockets Market include Amphenol Corporation, ABB, Emerson Electric, Schneider Electric, Legrand, Marechal Electric Group, MennekesPalazzoli Group, Scame Group, Eaton, Hubbell, Walther-Werke, Rauscher&Stoecklin, Bals Elektrotechnik, Leviton Company.

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