Socket Converters Market by Industry Analysis 2018 and Forecast to 2025 by Type, Region and Top Companies: BULL, Koninklijke Philips, Schneider Electric, Hangzhou Honyar Electrical

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.

The Socket Converters Market report offers a detailed Outlook and future prospects of the Industry. The Socket Converters market report includes various topics like market size & share, Competitive Analysis, applications, key market drivers & restraints, challenges, growth opportunities, key players, competitive landscape, Regions etc.

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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.

The following manufacturers are covered in this report:
• BULL
• Koninklijke Philips
• Schneider Electric
• Hangzhou Honyar Electrical
• Huntkey Enterprise Group
• Xiaomi

Key questions answered in this report:

• What will the market size be in 2025 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Socket Converters Breakdown Data by Type

• 3-pin
• 2-pin
• Other

Socket Converters Breakdown Data by Application

• Residential
• Commercial
• Industrial

Market segment by Regions/Countries, this report covers
• United States
• Europe
• China
• Japan
• Other Regions

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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

This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Socket Converters market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.

For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

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