Socket Converters Market Growth by Key Players BULL, Koninklijke Philips, Schneider Electric, Hangzhou Honyar Electrical, Huntkey Enterprise Group, Xiaomi

Research Beam added a report, “SOCKET CONVERTERS Industry Report - Global SOCKET CONVERTERS Market.” The report offers an in-depth analysis of the entire market. The report comprises the methodology and data source, market overview, current market status, prominent players in the industry, market segmentation, market status and outlook by region; sales and revenue by region; competition by manufacturers by region; manufacturing cost analysis, industrial chain, sourcing strategy and downstream buyers; marketing strategy analysis; and market forecast.

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The report covers self-analyzed data about the Socket Converters market which has been gathered through an extensive primary and secondary research. The ready-to-access information in the study is a valuable resource for market players, investors, and other stakeholders interested in the market because it helps them gain useful insights and plan their businesses according to their goals. The graphs and charts enable them to understand the latest trends as well as the drivers and restraints impacting the industry.

The global Socket Converters market report begins with the research methodology and data source used for the extraction of data. It covers the research programs/design, market size estimation, market breakdown and data triangulation, and secondary and primary sources.

Socket converter is an electrical accessory, which is classified as a sub-segment of the electrical equipment industry. Socket converters are generally used when any power adapter of any electrical appliance is not fitting in a given wall socket or an extension cord. These power adapters usually do not fit due to discrepancies in sockets and plug designs across all regions. As a result, these socket converters are used to accommodate such electrical appliances.

3-pin sockets are used for class-III electrical appliances which includes ovens, refrigerators and AC’s. These sockets allow electricity to the appliances in a secure and safe way and avoids electricity leakage from the metal bodies, which eliminates the risk of electrocution. According to this researhc and analysis, the 3-pin segment accounted for the major shares of this market during 2017.

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the market till 2023. The increasing disposable income of consumers in the region that will lead to the growth in demand for electronic devices will be a major factor augmenting the demand for socket converters in APAC.

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The report offers the profiles of each company which covers their manufacturing base and competitors, their product category, application and specification, their sales, revenue, price and gross margin (2013-2018), and their main business overview. The key players profiled in the report include BULL, Koninklijke Philips, Schneider Electric, Hangzhou Honyar Electrical, Huntkey Enterprise Group, Xiaomi

The report further discusses the Socket Converters market manufacturing cost, industrial chain, and downstream buyers. It covers the key raw materials analysis, proportion of manufacturing cost structure, industrial chain analysis, and downstream buyers in the United States.

The study objectives are:

To analyze and research the global Socket Converters status and future forecast?involving, production, revenue, consumption, historical and forecast.
To present the key Socket Converters manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Socket Converters :

History Year: 2013 - 2017
Base Year: 2017
Estimated Year: 2018
Forecast Year: 2018 - 2025

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