Industrial Plugs and Sockets Market

The global Industrial Plugs and Sockets market was valued at 174.25 Million USD in 2021 and will grow with a CAGR of 3.71% from 2021 to 2027, based on Research newly published report.
The prime objective of Industrial Plugs and Sockets Market is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, Industrial Plugs and Sockets Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Industrial Plugs and Sockets are used for power connection in industrial applications. Industrial plugs and sockets are used for power connection in industrial applications or other situations rated at higher voltages and currents than household plugs and sockets. They are generally used in polyphase systems, with high currents, or when protection from environmental hazards is required. Industrial outlets may have weatherproof covers, waterproofing sleeves, or may be interlocked with a switch to prevent accidental disconnection of an energized plug.The global market of industrial plugs and sockets is mature so the main market is replacement and some demand from industry. The global industrial plugs and sockets market is mainly occupied by the existing enterprises. ABB, Schneider Electric, Legrand , Hubbell and Marechal Electric is the top 5 manufacturers which occupied about 35% revenue market share in 2016. The consumption region of global industrial plugs and sockets market mainly concentrates in the North America, Europe and Asia-Pacific. Europe is the largest consumption region in the world. The global consumption volume was 63809 K pcs in 2016. It is estimated to reach 85715 K pcs by 2022. The application of industrial plugs and sockets is agriculture, industry, construction, sports & entertainment and other applications. Industry uses are the dominated application, which accounts for about 50% of revenue. Construction application is second large consumption filed of industrial plugs and sockets. Although the market competition of industrial plugs and sockets is fierce in the world, there are many enterprises can obtain considerable profit from the manufacturing and marketing of industrial plugs and sockets and that is the reason that we believe there will also be enterprises enter this market. But it is suggested that enterprises those have plans to enter this industry have careful analysis of this market and the advantages or disadvantages of themselves.
By Market Verdors:
ABB
Schneider Electric
Legrand
Hubbell
Marechal Electric
Mennekes
Amphenol
Eaton
Emerson Electric
Bals
Leviton
Palazzoli
Cavotec
Lewden
IDE ELECTRIC
Kedu
Scame
Chfrsia
C&S Electric

By Types:
Plugs
Socket
Mechanical Interlock

By Applications:
Agriculture
Industry
Construction
Sports & Entertainment

Key Indicators Analysed
Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market?s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
Opportunities and Drivers: Identifying the Growing Demands and New Technology
Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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