Industrial Plugs & Sockets Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Industrial Plugs & Sockets Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : May, 2020 | Energy & Mining | PPT format

Report Digest


Global Industrial Plugs and Sockets Market: Snapshot

The global industrial plugs and sockets market will witness an upward growth in the period from 2017 to 2025 on account of the growing construction and infrastructure development activities across the globe, especially in Asia. The manufacturing sector in Asian countries is growing and the sector is witnessing a revival in North America. This is having a positive impact on the global industrial plugs and sockets market.

Among the various end use industries, it is the heavy industry segment which is anticipated to fuel the demand for industrial plugs and socket. The growth in the food processing, textile, and automobile industries is behind the burgeoning growth of the heavy industry segment during the forecast period from 2017 to 2025.

Players in the industrial plugs and sockets market are constantly vying for product innovation. Competing on the basis of price and product quality, manufacturers across the industrial plugs and sockets market are expected to witness stiff completion from one another. A growing trend in the global industrial plugs and socket market is the demand for dustproof plugs and sockets. Splash-proof sockets and plugs for industrial use have also become popular and gaining traction. While initially water proof industrial plugs and sockets were in high demand, the focus has shifted to splash proof and dust proof variants of industrial plugs and sockets, as these have wider industrial applications.

Global Industrial Plugs and Sockets Market: Overview

Industrial plugs and sockets are mainly used for making secure electric connection for equipment working under different voltages and frequencies. These appliances have wide applications in industries such as power generation and oil and gas, since they are splash proof, impact resistant, dust proof, and heat resistant. The industrial plugs and sockets have multifunctional applications in farming and commerce and may also include screw-less connection techniques for wires and cables.

The report on the global industrial plugs and sockets market provides a comprehensive insight into key market dynamics, strategies of major manufacturers and suppliers, current and emerging trends, and the competitive landscape. The research analysis highlights the relevant national and international standards for the technical specifications and evaluates the impact of recent technological advancements on the competitive dynamics. The study provides an elaborate analysis of the raw materials sourcing strategies of prominent manufacturers and product enhancements unveiled by them to diversify their product offerings in major regions. Prepared after thorough primary and secondary research, the report offers pertinent data on the market revenue and size of key segments. It primarily aims to help the market players in effective strategy formulation with all the relevant information.

Global Industrial Plugs and Sockets Market: Drivers, Trends, and Opportunities

The rising construction and development activities in Asia Pacific, a rapidly growing manufacturing sector in South East Asia, and considerable investments in oil and gas industry in the Middle East are the primary factors fuelling the growth of the industrial plugs and sockets market. Combined with this, the low cost of the raw materials and the use of advanced production technologies are expected to propel the demand for industrial plugs and sockets across the globe.

The lack of awareness about the advantages of industrial plugs and sockets along with the high cost involved in transportation of the products are likely to impede the growth of the market to an extent. Furthermore, slowing down of the industrial sector in China may also hinder the market growth in the region. However, rising industrial investment in various ASEAN countries and the growth of the construction sector and mining sector in Africa will unlock exciting growth opportunities for the industrial plugs and sockets market players.

Global Industrial Plugs and Sockets Market: Regional Outlook

The Asia Pacific region is expected to witness significant demand for industrial plugs and sockets. The growth of the regional industrial plugs and sockets market will be driven by the advancement in production technologies and the increased demand for plugs and sockets in emerging nations of Asia Pacific.  Increased demand for premium products that conform to international testing certifications in the U.S. and Canada has boosted the industrial plugs and sockets market.  Owing to the low cost of the raw materials, the industrial plugs and sockets market is expected to witness impressive growth in Europe and other regions as well.

Global Industrial Plugs and Sockets Market: Competitive Outlook

Leading manufacturers are continuously employing state-of-the-art production technologies and launching high-end products to gain a stronghold in the global market for industrial plugs and sockets. Some such prominent players vying for a significant share in the industrial plugs and sockets market are Scame Group, Legrand SA, Palazzoli Group, Amphenol Corporation, Mennekes, Marechal Electric Company, Schneider Electric, and Marechal Electric Group.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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