Press release
Electric Plugs and Sockets market 2021-2027 Global Industry Outlook- ABB, Schneider Electric, Emerson Electric, Legrand, Eaton Corporation
The Electric Plugs and Sockets market outlook looks extremely promising is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain, future roadmaps and its distributor analysis. The report provides pre COVID-19 historic data, the impact of the COVID-19, and also forecasts its recovery post-COVID-19.The report presents the market competitive landscape and a corresponding detailed analysis of the major vendors/key players in the market. Top Companies in the Global Electric Plugs and Sockets Market: ABB, Schneider Electric, Emerson Electric, Legrand, Palazzoli, Eaton Corporation, Philips, Siemens, Bull, KEG, Panasonic, 3M, Huntkey, DELI, Wenzhou Chmag Electrical, Mennekes Elektrotechnik, Scame, Amphenol, MI, ZOLEE,
The global electric plugs and sockets market was valued at $9,971.60 million in 2017, and is estimated to reach $15,530.20 million by 2024, growing at a CAGR of 6.7% from 2018 to 2024
Market Overview:
The increasing demand for smart grid networks is expected to propel the growth of the industrial plugs and sockets market in the coming years. The smart grid is new electricity production, distribution and transmission infrastructure capable of automating and handling the rising complexity and demands of electricity in the 21st century. With an increasing tendency towards green energy, the substitution of the grid with the smart grid has gained prominence and is expected to increase the market for industrial plugs and sockets. A smart grid can help minimize greenhouse gas emissions by up to 211 million metric tons and is far more stable than a conventional grid, the demand for smart grid technology reached $400 billion in 2020. The number of smart grid innovation firms worldwide is expected to be about 150, of which 77.4% are located in the United States. Therefore, the increasing demand for smart grid networks drives the growth of the industrial plugs and sockets market during the forecast period.
Industry News:
In January 2020, Siemens, a Germany-based automation company, acquired C&S Electric Limited for $324.83 million (EUR 267 million). The acquisition will enhance Siemen's position in the business, enabling it to better serve customers requiring electrification in areas including construction, industry, data centers, smart campuses, and other city infrastructure. C&S Electric Limited is a New Delhi-based manufacturer of electrical and electronic equipment.
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This report segments the global Electric Plugs and Sockets market on the basis of Types are:
High Power
Medium Power
Low Power
On the basis of Application, the Global Electric Plugs and Sockets market is segmented into:
Residential
Commercial
Industrial
Other
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The report has 150 tables and figures browse the report description and TOC:
https://www.marketinsightsreports.com/reports/01252562611/global-electric-plugs-and-sockets-market-research-report-2021?mode=Neha
Influence of the Electric Plugs and Sockets market report:
-Comprehensive assessment of all opportunities and risks in the Electric Plugs and Sockets market.
- Electric Plugs and Sockets market recent innovations and major events
-A detailed study of business strategies for the growth of the Electric Plugs and Sockets market-leading players.
-Conclusive study about the growth plot of Electric Plugs and Sockets market for forthcoming years.
-In-depth understanding of Electric Plugs and Sockets market-particular drivers, constraints, and major micro markets.
-Favorable impression inside vital technological and market latest trends striking the Electric Plugs and Sockets market.
What are the market factors that are explained in the report?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
-Analytical Tools: The Global Electric Plugs and Sockets Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
We also offer Customization on reports based on specific client requirement:
1- Country-level analysis for any 5 countries of your choice.
2- Competitive analysis of any 5 key market players.
3- 40 analyst hours to cover any other data points.
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Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information, and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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