Electric Plugs and Sockets Market 2030: Business Recovery Ideas and Experts Suggestions After COVID-19 Pandemic From Philips, Legrand SA, ABB Ltd., Schneider Electric SE, Wenzhou Chmag Electrical Co Ltd., Emerson Electric Co., Scame Group, Mennekes Eleckt
The global electric plugs and sockets market was pegged at $10.54 billion in 2018 and is expected to reach $15.53 billion by 2024, registering a CAGR of 6.7% from 2018 to 2024.
Key Benefits of Research:
The report provides a qualitative and quantitative analysis of the current Electric Plugs and Sockets Market trends, forecasts, and market size from 2020 to 2030 to determine the prevailing opportunities.
o Porter's Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.
o Top impacting factors & major investment pockets are highlighted in the research.
o The major countries in each region are analyzed and their revenue contribution is mentioned.
o The market report also provides an understanding of the current position of the market players active in the industry.
Get detailed COVID-19 impact analysis on Electric Plugs and Sockets Market: https://www.alliedmarketresearch.com/request-for-customization/1786?reqfor=covid
The global electric plugs and sockets market is segmented into type, power rate, end user, and geography. On the basis of type, the market is divided into two-pin, three-pin, four-pin, and five-pin. The three-pin segment held the largest share in 2018, accounting for more than one-third of the market. Moreover, the segment is expected to register the fastest CAGR of 7.0% during the forecast period.
Based on power rate, the market is divided into high power, medium power, and low power. The high power rate segment dominated the market, contributing around two-fifths of the market. However, the low power rate segment is projected to manifest the fastest CAGR of 7.3% during the study period.
On the basis of end user, the market is segmented into residential, commercial, and industrial. The residential segment held the largest share in 2018, contributing nearly two-fifths of the total revenue. However, the industrial segment is anticipated to portray the fastest CAGR of 7.5% through 2024.
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The global electric plugs and sockets market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across the Asia-Pacific region held lion's share in 2018, accounting for more than one-third of the market and is expected to continue its dominance throughout the forecast period. Furthermore, this region is projected to register the fastest CAGR of 7.7% during the forecast period.
The global electric plugs and sockets market report provides an in-depth analysis of the major market players such as Philips, Legrand SA, ABB Ltd., Schneider Electric SE, Wenzhou Chmag Electrical Co Ltd., Emerson Electric Co., Scame Group, Mennekes Elecktrotechnik Gmbh, Eaton Corp., and Amphenol Corporation.
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