The industrial
plugs & sockets market is expected to grow from an estimated USD 2.84
Billion in 2016 to USD 3.60 Billion by 2021, registering a CAGR of 4.82% from
2016 to 2021. The global market is set to witness significant growth, due to
the increasing construction and development activities in Asia, the growth of
the manufacturing sector in South Asian countries, and the revival of the
manufacturing sector in North America.
Browse 69 market data Tables
and 42 Figures spread through 134 Pages and in-depth TOC on "Industrial Plugs & Sockets Market by
Protection (Dustproof & Splash-Proof, Water-Proof, and Explosion-Proof),
Type (Plugs and Sockets), End-User (Oil & Gas, Power Generation, Chemical
& Pharmaceutical, and Heavy Industry) - Global Forecast to 2021"
The report’s
target audience includes:
·
Industrial plug & socket manufacturing
companies
·
Oil & gas, chemical, power, sports, and
entertainment companies
·
Governments and industry associations
·
Engineering, procurement, and construction (EPC)
companies
·
Consulting companies
·
Investment banks
The heavy industry segment is
expected to hold the largest share of the industrial plugs & sockets
market, by end-user, during the forecast period
The heavy industry segment led the industrial plugs &
sockets market in 2015, and is projected to dominate the market during the
forecast period. . The heavy industry segment is expected to grow at the
fastest rate during the forecast period. This segment is primarily driven by
the growth of the automobile, food processing, and textile industries, and is
expected to create new revenue pockets for the industrial plugs & sockets
market during the forecast period.
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Dustproof & splash-proof
to be the fastest growing segment in the industrial plugs & sockets market
With regard to the protection segment, dustproof &
splash-proof industrial plugs & sockets are expected to constitute the
fastest growing market from 2016 to 2021. These have wide industrial
application, unlike water-proof industrial plugs & sockets, which have a
limited set of industrial applications.
Asia-Pacific: The leading
market for industrial plugs & sockets
In this report, the industrial plugs & sockets market
has been analyzed with respect to five regions, namely, North America, Europe,
Asia-Pacific, South America, the Middle East, and Africa. Asia-Pacific is expected
to dominate the global industrial plugs & sockets market, given the
increasing construction and development activities in countries such as India
and China.
Scope of the
Report:
By Protection
·
Dustproof & Splash-Proof
·
Water-Proof
·
Explosion-Proof
By Type
·
Plugs
·
Sockets
By End User
·
Oil & Gas
·
Power Generation
·
Chemical & Pharmaceutical
·
Heavy Industry
By Region
·
North America
·
Asia-Pacific
·
The Middle East
·
South America
·
Africa
·
Europe
To enable an in-depth understanding of the competitive
landscape, the report includes profiles of some of the top players in the industrial plugs & sockets market.
These players include Legrand SA (France), Amphenol Corporation (U.S.),
Mennekes (Germany), and Marechal Electric Company (France). Leading players are
trying to penetrate the markets in developing economies, and are adopting
various strategies to increase their market share.
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