Electric Plugs and Sockets Market Expected to Reach $15,530.20 Million, Brief Analysis on Top Key players Legrand SA, Philips, Schneider Electric SE, ABB Ltd., Emerson Electric Co., Wenzhou Chmag Electrical Co Ltd., Mennekes Elecktrotechnik Gmbh, Scame Gr

The features of electric plugs and switches such as secure, safe, dust-proof, and greater reliability drive its requirement in the global market. The rapid industrialization is also an important factor that fuels the demand across various developing nations.

According to a new report by Allied Market Research, titled, Global Electric Plugs and Sockets Market by Type, Power rate, and End User: Global Opportunity Analysis and Industry Forecast, 20172024, the global electric plugs and sockets market was valued at $9,971.60 million in 2017, and is projected to reach at $15,530.20 million by 2024, growing at a CAGR of 6.7% from 2018 to 2024.

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Electric plugs and sockets Market are power devices, which allow the electric equipment to be connected to the alternating current (AC) power source. These plugs and sockets are utilized for establishing secure electric connections in machines and equipment, which work on different frequencies and voltages. They have high impact strength and offer superior resistance to the flow of electric current. They differ in voltage & current rating, shape, size, and type of connectors.

Rise in construction and development activities fuel the demand for electric plugs and sockets. In addition, swift growth in residential plug & socket installation and increase in demand for dust-proof & splash-proof plugs & sockets are expected to boost the growth of the electric plugs and socket market in the coming years. Moreover, the safety features incorporated into these plugs and sockets such as dust proof, water proof, and fire proof act as the key drivers of the market. However, decrease in growth rate in mining industry hampers the market. On the contrary, rise in government spending is expected to offer potential opportunities for the marker expansion

The key players operating in the global electric plugs and sockets market are Legrand SA, Philips, Schneider Electric SE, ABB Ltd., Emerson Electric Co., Wenzhou Chmag Electrical Co Ltd., Mennekes Elecktrotechnik Gmbh, Scame Group, Amphenol Corporation, and Eaton Corp.

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The global electric plugs and socket market is segmented based on type, power rate, end user, and region. Depending on type, the market is segmented as two-pin, three-pin, four-pin, and five-pin. Based on power rate, it is categorized into high power, medium power, and low power. By end user, it is classified into residential, commercial, and industrial. By geography, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The rapid increase in investment on building and constructions, which further fuel the demand for electrical circuit and connection drives the growth of the market.

At present, the increase in dependency on more and more electrical products, drives the demand for more number of sockets installation across the residential segments. This in turn drives the market growth.

Rapid declines in natural resources and global environmental concern across the world restrict the mining activity across the market, which limits the market growth.

LIST OF FIGURES

FIGURE 01. KEY MARKET SEGMENTS
FIGURE 02. EXECUTIVE SUMMARY
FIGURE 03. EXECUTIVE SUMMARY
FIGURE 04. TOP IMPACTING FACTORS
FIGURE 05. TOP INVESTMENT POCKETS
FIGURE 06. MARKET SHARE ANALYSIS (2017)
FIGURE 07. GLOBAL ELECTRIC PLUGS AND SOCKET MARKET, BY TYPE, 2016-2023
FIGURE 08. TWO-PIN ELECTRIC PLUGS AND SOCKETS ELECTRIC PLUGS AND SOCKETS MARKET BY GEOGRAPHY 2017-2024, ($MILLION) (%)
FIGURE 09. COMPARATIVE SHARE ANALYSIS OF TWO PINS ELECTRIC PLUGS AND SOCKET MARKET, BY COUNTRY, 2016 & 2023 (%)
FIGURE 10. THREE-PIN ELECTRIC PLUGS AND SOCKETS ELECTRIC PLUGS AND SOCKETS MARKET BY GEOGRAPHY 2017-2024, ($MILLION) (%)
FIGURE 11. COMPARATIVE SHARE ANALYSIS OF THREE PINS ELECTRIC PLUGS AND SOCKET MARKET, BY COUNTRY, 2016 & 2023 (%)
FIGURE 12. FOUR-PIN ELECTRIC PLUGS AND SOCKETS ELECTRIC PLUGS AND SOCKETS MARKET BY GEOGRAPHY 2017-2024, ($MILLION) (%)
FIGURE 13. COMPARATIVE SHARE ANALYSIS OF FOUR PINS ELECTRIC PLUGS AND SOCKET MARKET, BY COUNTRY, 2016 & 2023 (%)
FIGURE 14. FIVE-PIN ELECTRIC PLUGS AND SOCKETS MARKET BY GEOGRAPHY 2017-2024, ($MILLION) (%)
FIGURE 15. COMPARATIVE SHARE ANALYSIS OF FIVE PINS ELECTRIC PLUGS AND SOCKET MARKET, BY COUNTRY, 2016 & 2023 (%)
FIGURE 16. GLOBAL ELECTRIC PLUGS AND SOCKET MARKET, BY POWER RATE, 2016-2023
FIGURE 17. HIGH POWER ELECTRIC PLUGS AND SOCKETS MARKET BY GEOGRAPHY 2017-2024, ($MILLION) (%)
FIGURE 18. COMPARATIVE SHARE ANALYSIS OF HIGH POWER ELECTRIC PLUGS AND SOCKET MARKET, BY COUNTRY, 2016 & 2023 (%)
FIGURE 19. COMPARATIVE SHARE ANALYSIS OF MEDIUM POWER ELECTRIC PLUGS AND SOCKET MARKET, BY COUNTRY, 2016 & 2023 (%)
FIGURE 20. COMPARATIVE SHARE ANALYSIS OF LOW POWER ELECTRIC PLUGS AND SOCKET MARKET, BY COUNTRY, 2016 & 2023 (%)
FIGURE 21. GLOBAL ELECTRIC PLUGS AND SOCKET MARKET, BY END USER, 2016-2023
FIGURE 22. COMPARATIVE SHARE ANALYSIS OF RESIDENTIAL ELECTRIC PLUGS AND SOCKET MARKET, BY COUNTRY, 2016 & 2023 (%)
FIGURE 23. COMPARATIVE SHARE ANALYSIS OF COMMERCIAL ELECTRIC PLUGS AND SOCKET MARKET, BY COUNTRY, 2016 & 2023 (%)
FIGURE 24. COMPARATIVE SHARE ANALYSIS OF INDUSTRIAL ELECTRIC PLUGS AND SOCKET MARKET, BY COUNTRY, 2016 & 2023 (%)
FIGURE 25. U.S. ELECTRIC PLUGS AND SOCKET MARKET, 2016-2023($MILLION)
FIGURE 26. CANADA ELECTRIC PLUGS AND SOCKET MARKET, 2016-2023($MILLION)
FIGURE 27. MEXICO ELECTRIC PLUGS AND SOCKET MARKET, 2016-2023($MILLION)
FIGURE 28. UK ELECTRIC PLUGS AND SOCKET MARKET, 2016-2023($MILLION)
FIGURE 29. GERMANY ELECTRIC PLUGS AND SOCKET MARKET, 2016-2023($MILLION)
FIGURE 30. ITALY ELECTRIC PLUGS AND SOCKET MARKET, 2016-2023($MILLION)
FIGURE 31. RUSSIA ELECTRIC PLUGS AND SOCKET MARKET, 2016-2023($MILLION)
FIGURE 32. REST OF EUROPE ELECTRIC PLUGS AND SOCKET MARKET, 2016-2023($MILLION)
FIGURE 33. CHINA ELECTRIC PLUGS AND SOCKET MARKET, 2016-2023($MILLION)
FIGURE 34. INDIA ELECTRIC PLUGS AND SOCKET MARKET, 2016-2023($MILLION)
FIGURE 35. JAPAN ELECTRIC PLUGS AND SOCKET MARKET, 2016-2023($MILLION)
FIGURE 36. SOUTH KOREA ELECTRIC PLUGS AND SOCKET MARKET, 2016-2023($MILLION)
FIGURE 37. AUSTRALIA ELECTRIC PLUGS AND SOCKET MARKET, 2016-2023($MILLION)
FIGURE 38. REST OF ASIA-PACIFIC ELECTRIC PLUGS AND SOCKET MARKET, 2016-2023($MILLION)
FIGURE 39. LATIN AMERICA ELECTRIC PLUGS AND SOCKET MARKET, 2016-2023($MILLION)
FIGURE 40. MIDDLE EAST ELECTRIC PLUGS AND SOCKET MARKET, 2016-2023($MILLION)
FIGURE 41. AFRICA ELECTRIC PLUGS AND SOCKET MARKET, 2016-2023($MILLION)
FIGURE 42. ABB: NET SALES, 2015–2017 ($MILLION)
FIGURE 43. ABB: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 44. ABB: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 45. AMPHENOL: NET SALES, 2015–2017 ($MILLION)
FIGURE 46. AMPHENOL: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 47. AMPHENOL: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 48. EATON: NET SALES, 2014–2016 ($MILLION)
FIGURE 49. EATON: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 50. EATON: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 51. EMERSON: REVENUE, 2015–2017 ($MILLION)
FIGURE 52. EMERSON: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 53. EMERSON: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 54. LEGRAND: NET SALES, 2015–2017 ($MILLION)
FIGURE 55. LEGRAND: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 56. PHILIPS: NET SALES, 2015–2017 ($MILLION)
FIGURE 57. PHILIPS: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 58. PHILIPS: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 59. SCHNEIDER ELECTRIC: NET SALES, 2015–2017 ($MILLION)
FIGURE 60. SCHNEIDER ELECTRIC: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 61. SCHNEIDER ELECTRIC: REVENUE SHARE BY GEOGRAPHY, 2017 (%)

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