Press release
Lugs Market to Witness Robust Expansion by 2024– Top Key players like 3M,PENTAIR,Panduit,Inc.
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The global Lugs production is about 85 K MT, Europe and North America are the two largest production regions, in 2015, Europe is the largest production region, it occupies about 27%, North America is the second largest production region, it occupies about 26% market share; The Lugs industry is very dispersion industry, the largest five manufactures only occupy about 22% market share.
The largest consumption regions are Europe and North America, the Europe occupies about 29% market share and the North America occupies about 24% market share in 2015; the consumption regions are relative dispersion;
The price of Lugs’ price has the down streaming trend and the gross margin also has the similar trend, in 2015, the average price is about 12.41 K USD per MT and the gross margin is about 23.7%;
The Electric Water Pumps’ production is mainly concentrated in the developed countries; the developing countries’ consumption mainly depends on import market;
In the future, the technology of Lugs will be more and more mature, and the application regions will expand, it will have larger market share in the different regions. The future price will have great relationship with the power and frequency. China will be a potential market.
The worldwide market for Lugs is expected to grow at a CAGR of roughly xx% over the next five years, will reach xx million US$ in 2024, from xx million US$ in 2019, according to a new GIR (Global Info Research) study.
Market Segment by Manufacturers, this report covers
Thomas & Betts
Schneider Electric
3M
molex
PENTAIR
Panduit
Cembre
ILSCO
Burndy
ASK POWER
Klauke
Taixing Longyi
Romac
NSi
Penn-Union
CABAC
NARVA
SJ
Market Segment by Type, covers
Electrical industry
Telecommunications
Automotive
Other
Market Segment by Applications, can be divided into
Electrical industry
Telecommunications
Automotive
Other
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Related Information:
North America Lugs Market Growth 2019-2024
United States Lugs Market Growth 2019-2024
Asia-Pacific Lugs Market Growth 2019-2024
Europe Lugs Market Growth 2019-2024
EMEA Lugs Market Growth 2019-2024
Global Lugs Market Growth 2019-2024
China Lugs Market Growth 2019-2024
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