Registering a CAGR of 3.6% over the forecast period of 2022-2027, the global industrial plugs and sockets market is anticipated to reach the market value of US$ 2529.7 million in the year 2027 from US$ 1970 million in the year 2022.
Industrial Plugs and Sockets Market Overview
Industrial plugs and sockets are used to make stable electrical connections in machines and equipment that work at different frequencies and voltages. They are extensively used in a variety of industries, including power generation, oil and gas, heavy industry, and others.Industrial sockets and plugs are used for power connection in industrial applications or other situations rated at higher currents and voltages when compared to household sockets and plugs. Usually, they are used in polyphase systems with high currents or when the protection is necessary from environmental hazard. Industrial outlets may possess waterproofing sleeves, weatherproof covers and they may be interlocked with a switch in order to prevent an accidental disconnection of an energised plug.The rising demand for smart grid networks is expected to drive the growth of the industrial plugs and sockets market. The smart grid is a new generation of electricity production, distribution, and transmission infrastructure capable of automating and managing the growing complexity and demand for electricity in today's growing population. With a rising preference for green energy, the replacement of the grid with a smart grid has gained prominence and is expected to expand the market for industrial plugs and sockets.
Who are the Prime Players in the Industrial Plugs and Sockets Market-
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, and others.
Recent Development:
November 25, 2021: Schneider Electric Launches Green Yodha initiative to Support India Meet its Sustainability Commitments
Schneider Electric, the leader in the digital transformation of energy management and automation launched its sustainability engagement initiative in India, Green Yodha to encourage and support businesses, industries and individuals to come together and take concrete climate action. This urgent call to action intends to back the increased commitment of the Indian government made at COP26.
What are the major Applications, Types and Regions for Industrial Plugs and Sockets Market?
By Type, Industrial Plugs and Sockets Market has been segmented into
- Plugs
- Socket
- Mechanical Interlock
By Applications, Industrial Plugs and Sockets Market has been segmented into
- Agriculture
- Industry
- Construction
- Sports & Entertainment
- Other
Industrial Plugs and Sockets Market Regional Analysis:
Asia Pacific is estimated to be the max market for industrial plugs and sockets during the forecast period. The rise of the market in this region is mainly driven by the increasing industrial and large-scale infrastructure investments during the forecast period. growing demand for safe, secure, and reliable connected and disconnected equipment for use in a diverse range of environments, increased 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.
The report offers an in-depth assessment of the growth and other aspects of the Industrial Plugs and Sockets Market in important regions, including the
North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
Industrial Plugs and Sockets Market highlights the potential growth opportunities in upcoming years while reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape, and other key aspects in the global market. The Global Industrial Plugs and Sockets Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What are our Industrial Plugs and Sockets Market report scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2027 CAGR
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CAGR of 3.6% during the review period (2022 to 2027).
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By Type
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- Plugs
- Socket
- Mechanical Interlock
- Others
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By Application
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- Agriculture
- Industry
- Construction
- Sports & Entertainment
- Others
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By Companies
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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, and others.
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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122
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Industrial Plugs and Sockets Report
- Evaluate Industrial Plugs and Sockets market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end-use applications, and by different industry verticals.
- Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.
- Get in-depth insights on your competitor's performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
- Analyze the sales and distribution channels across key geographies to improve top-line revenues.
- Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Industrial Plugs and Sockets market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
FAQ -
What is the study period of this market?
The Industrial Plugs and Sockets Market is studied from 2022 - 2027.
What is the growth rate of Industrial Plugs and Sockets Market?
The Industrial Plugs and Sockets Market is growing at a CAGR of 3.6% over the next 5 years.
What regions does this Industrial Plugs and Sockets Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
