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At 9.6% of CAGR, U.S. Pin and Sleeve Devices Market Expected to Grow $30,549.2 Million By 2026 | Top Impacting Factors and Growth Opportunities

04-08-2020 10:32 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Allied Market Research

U.S. Pin and Sleeve Devices Market

U.S. Pin and Sleeve Devices Market

According to recent report published by Allied Market Research, titled, "U.S. Pin and Sleeve Devices Market by Product Type (Receptacle, Connector, Plugs, and Inlet) and End User (Residential, Commercial, and Industrial): Opportunity Analysis and Industry Forecast, 2019-2026", the U.S. Pin and Sleeve Devices Market size was valued at $14,452.5 Million in 2018, and is projected to reach $30,549.2 Million by 2026, registering a CAGR of 9.6% from 2019 to 2026.

Pin and sleeve devices are high-current power sources that help insulate power from chemicals, dirt, moisture, and grime. These devices are made up of high-quality components such as RFI filters, battery holders, LED lighting connectors, solid brass pins, and others.

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These highly secured devices protect the electrical connections in abusive environments. Pin and sleeve devices are used in various product ranges from metal-housed to high resistant plastic products. These devices are ideal for various applications as they act as medium between electronic device and current. They enable the flow of current though receptacle (socket) to the device through plug.

The rise in need for electronic devices requiring consistent current flow are adopting various optimum wiring devices such as plugs, receptacles, inlets, and connectors in industry verticals including mining & construction, aerospace & defense, automotive, entertainment, oil & gas, and others. The pin and sleeve connector is a cost-effective device, which offers several advantages over other connecting devices such as it can prevent disconnecting under high load and seal power connection.

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There is an increase in the demand for pin and sleeve devices, owing to growth in applications of connectors, sockets, plugs devices in residential, commercial, and industrial sector. Moreover, ease of installation, high durability, and safety measures according to the convenience of electrical connection also contribute toward the growth of the U.S. pin and sleeve devices market.

Top Impacting Factors:
The significant impacting factors in the U.S. pin and sleeve devices market include increase in demand for splash proof, waterproof, and dustproof plugs & sockets, surge in adoption of electronic appliances across various industry verticals, and rise in demand for plugs & sockets in residential sector in the U.S. are the major key drivers for the U.S. pin and sleeve devices market growth. However, increase in investment in wireless communication hinders the market growth. Furthermore, growth in adoption of smart plugs and sockets in the U.S. market and wide presence of data centers provides lucrative opportunities for the market growth.

Competition Analysis:
Competitive analysis and profiles of the major U.S. pin and sleeve devices market players, such as ABB Ltd., Eaton Corporation, Emerson Electric, Meltric Corporation, Schneider Electric, Walther Electric, Inc., Amphenol Corporation, Mennekes Electrotecnik GmbH & Co. KG, Hubbell Corporation, and Legrand SA. are provided in this report.

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Key Benefits for U.S. Pin and Sleeve Devices Market:
1. This study comprises analytical depiction of the U.S. pin and sleeve devices market size along with the current trends and future estimations to depict the imminent investment pockets.
2. The overall U.S. pin and sleeve devices market analysis is determined to understand the profitable trends to gain a stronger foothold.
3. The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.

U.S. Pin and Sleeve Devices Market Segments:
By Product Type:
1. Receptacle
2. Connector
3. Inlet
4. Plug

By End User:
1. Residential
2. Commercial
3. Industrial

Market Key Players:
1. Eaton Corporation plc
2. ABB Ltd.
3. Emerson Electric
4. Meltric Corporation
5. Schneider Electric
6. Walther Electric, Inc.
7. Amphenol Corporation
8. Legrand SA.
9. Hubbell Corporation

Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: U.S. Pin and Sleeve Devices Market, By Product Types
Chapter 5: U.S. Pin and Sleeve Devices Market, By End User
Chapter 6: Competitive Landscape
Chapter 7: Company Profile

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About Us:
Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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