Global Industrial Plugs and Sockets Market 2017-2021

Overview of the global industrial plugs and sockets market

Industrial manufacturing activities including the aircraft manufacturing process highly depend on the application of industrial plugs and sockets. These plugs and sockets are extensively used in the automotive sector to provide a connection for outdoor portable devices and machines. Research analysis on the global industrial plugs and sockets market identifies that the growing demand from the aerospace and automotive sectors will be one of the major factors that will have a positive impact on the growth of the market. The adoption of industrial plug and socket goods in these end-user industries minimizes the risks against workforce at these production units. Furthermore, the local automotive manufacturing sector in the US is an important end-user of industrial socket and plugs. The increasing investments in this sector will further boost the demand for industrial plugs and electric socket goods. Technavio's market research analysts predict that this global market will post a revenue of more than USD 3.1 billion by 2021.

One of the key trends that will stimulate growth in the global industrial plugs and sockets market during the projected period is the consolidation in the electrical equipment manufacturing industry. In 2012, an electrical components manufacturer called Cooper, based in the US, was acquired by Eaton. Similarly, the acquisition of a manufacturer of interconnect components called AUXEL FTG by Amphenol, in July 2016, resulted in an increasing number of mergers and acquisition activities.

Competitive landscape and key vendors

The industrial plugs and sockets market is highly fragmented due to the presence of numerous smaller regional players and several large and specialized players. The major vendors are trying to sustain the long-term volatility by expanding their product portfolios and geographic reach.

Key vendors in this market are -

• ABB
• Amphenol
• Hubbell
• Legrand
• ENNEKES
• TE Connectivity

Other prominent vendors in the market include Andeli Group, Bals Deutschland, Cavotec, Eaton, Emerson Electric, Gewiss, HIROSE ELECTRIC, HENGTONG ELECTRIC, I.L.M.E.,ITT, Leviton Manufacturing, LEWDEN METAL PRODUCTS, Marechalgroup, Molex, Palazzoli, Schneider Electric, Scame Parre, and WALTHER-WERKE.

Segmentation by product and analysis of the industrial plugs and sockets market

• Sockets
• Plugs

Industrial sockets are used to protect the internal components and terminals. This helps to avoid the accidental contact with the terminals. Industrial sockets are also commonly called connectors or receptacles. Manufacturers are coming up with high-grade industrial sockets. These sockets can remotely operate the current flow through integrated switch controls and automatic trip switches. Such product launches will drive the growth prospects for the industrial plugs and sockets market in the sockets segment.

Segmentation by geography and analysis of the industrial plugs and sockets market

• APAC
• Europe
• North America
• ROW

The air passenger traffic in several countries of APAC such as China, India, Malaysia, Thailand, and Vietnam is increasing. These countries are experiencing a rise in the demand for new vehicles such as electric vehicles (EVs). As a result, the automotive and aircraft manufacturing industries will also witness growth. Consequently, the demand for industrial plug and socket goods will also increase in these industries.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global industrial plugs and sockets market?
• What are the key market trends impacting the growth of the global industrial plugs and sockets market?
• What are the challenges to market growth?
• Who are the key vendors in the global industrial plugs and sockets market?
• What are the market opportunities and threats faced by the vendors in the global industrial plugs and sockets market?
• What are the trending factors influencing the market shares of APAC, Europe, North America, and ROW?
• What are the key outcomes of the five forces analysis of the global industrial plugs and sockets market?

Technavio also offers customization on reports based on specific client requirement.

This research report on the global industrial plugs and sockets market implements an in-depth market research methodology of qualitative and quantitative data collection techniques and assess the shifting paradigm of the demand-supply landscape for major segments of  heavy industry like tools and components.

This market research report on the global industrial plugs and sockets market offers major insights into the influencing market trends, drivers, and imperative challenges to help clients develop robust strategies. This market report covers geographies like the Americas, APAC, and EMEA to help the client expand in niche markets.

Our reports cover vendors like ABB, Amphenol, Legrand MENNEKES, W.W. Grainger, Eaton, Emerson, Schneider Electric to provide a holistic overview of the market for the estimated period of 2017-2021. Moreover, this report explicates the growth of related markets like roller bearings, which is expected to show a hike  of an impressive CAGR of above 4% by 2021. The upcoming industry report on the global industrial plugs and sockets market also offers insights into rapidly evolving segments of the heavy industry, including sectors like engineering tools.

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.