Global Socket Converter Market 2017-2021

  • ID: 4380406
  • Report
  • Region: Global
  • 74 pages
  • TechNavio
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FEATURED COMPANIES

  • BULL
  • Huntkey Enterprise Group
  • Koninklijke Philips
  • Schneider Electric
  • Xiaomi
  • MORE
About Socket Converter

Socket converter is an electrical accessory, which is classified as a sub-segment of the electrical equipment industry. Socket converters are generally used when any power adapter of any electrical appliance is not fitting in a given wall socket or an extension cord. These power adapters usually do not fit due to discrepancies in sockets and plug designs across all regions. As a result, these socket converters are used to accommodate such electrical appliances. The demand for socket converters is influenced by factors such as increasing electronic devices in a household, rise in construction spending, and increasing disposable income of consumers. House prices witnessed rapid growth in many countries across the globe despite the fragile global economic situation.

The analysts forecast the global socket converter market to grow at a CAGR of 6.50% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global socket converter market for 2017-2021. To calculate the market size, the report considers the sales of socket converters worldwide and excludes the sale of components involved and the service of socket converters.

The market is divided into the following segments based on geography:
  • Americas
  • APAC
  • EMEA
The report, Global Socket Converter Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • BULL
  • Koninklijke Philips
  • Schneider Electric
Other prominent vendors
  • Hangzhou Honyar Electrical
  • Huntkey Enterprise Group
  • Xiaomi
Market drivers
  • Increasing electronic devices per household
  • For a full, detailed list, view the full report
Market challenges
  • Growing traction of wireless charging
  • For a full, detailed list, view the full report
Market trends
  • Increasing electrification through hybrid decentralized power systems
  • For a full, detailed list, view the full report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • BULL
  • Huntkey Enterprise Group
  • Koninklijke Philips
  • Schneider Electric
  • Xiaomi
  • MORE
PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Market outline
PART 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: Market segmentation by product
  • 3-pin
  • 2-pin
PART 07: Geographical segmentation
  • APAC
  • EMEA
  • Americas
PART 08: Decision framework

PART 09: Drivers and challenges
  • Market drivers
  • Market challenges
PART 10: Market trends
  • Increasing electrification through hybrid decentralized power systems
  • Growing demand for smart homes and development of smart cities
  • Technological innovations
PART 11: Vendor landscape
  • Competitive scenario
  • Key vendors
  • Other prominent vendors
PART 12: Appendix
  • List of abbreviations
List of Exhibits
Exhibit 01: Percentage of countries with different voltage standards 2016
Exhibit 02: Plug types for different countries
Exhibit 03: Global socket converter market overview
Exhibit 04: Global socket converter market 2016-2021 ($ millions)
Exhibit 05: Five forces analysis
Exhibit 06: Segmentation of global socket converter market by product type 2016
Exhibit 07: Segmentation of global socket converter market by product 2016-2021 (% share)
Exhibit 08: Segmentation of global socket converter market by product 2016-2021 ($ millions)
Exhibit 09: Global 3-pin socket converter market 2016-2021 ($ millions)
Exhibit 10: Global 2-pin socket converter market 2016-2021 ($ millions)
Exhibit 11: Geographical segmentation of global socket converter market 2016
Exhibit 12: Geographical segmentation of socket converter market 2016-2021 (% share)
Exhibit 13: Geographical segmentation of socket converter market 2016-2021 ($ millions)
Exhibit 14: Socket converter market in APAC 2016-2021 ($ millions)
Exhibit 15: Bank of Indonesia rate, inflation, and GDP growth 2008-2016
Exhibit 16: Socket converter market in EMEA 2016-2021 ($ millions)
Exhibit 17: Building permits issued index in EU 2007-2016 (permits)
Exhibit 18: Socket converter market in Americas 2016-2021 ($ millions)
Exhibit 19: GDP per capita for selected countries 2005 and 2015 ($ trillions)
Exhibit 20: Different type of plugs and their description
Exhibit 21: Regulations related to high and low voltage cables
Exhibit 22: Global electrification rate
Exhibit 23: Global smart home market 2016-2021 ($ billions)
Exhibit 24: Smart home penetration regional share 2016-2021 (%)
Exhibit 25: Schneider Electric: Product portfolio
Exhibit 26: Other prominent vendors
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • BULL
  • Huntkey Enterprise Group
  • Koninklijke Philips
  • Schneider Electric
  • Xiaomi
  • MORE
New Report Released: - Global Socket Converter Market 2017-2021

The author of the report recognizes the following companies as the key players in the global socket converter market: BULL, Koninklijke Philips, and Schneider Electric.

Other Prominent Vendors in the market are: Hangzhou Honyar Electrical, Huntkey Enterprise Group, and Xiaomi.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is Increasing electrification through hybrid decentralized power systems. Electricity consumption is related to the economic development of a country. Though it is a complex relationship, electricity is a pre-requisite for economic growth, which includes infrastructure and social development.”

According to the report, one of the major drivers for this market is Increasing electronic devices per household. Consumer electronics such as refrigerators, air conditioners, TVs, and portable electronic devices are increasing in households worldwide. Increasing levels of disposable income and an urge to have a hassle-free life have led people to adapt to the usage of these electronic appliances.

Further, the report states that one of the major factors hindering the growth of this market is Growing traction of wireless charging. Wireless chargers are devices that allow a rechargeable device to get charged without connecting any wires between the device and the power source. Wireless chargers are a part of a wireless charging system. Wireless charging system contains two major parts, a transmitter and a receiver. The receiver is attached to the device that has to be charged, and the transmitter is part of the wireless charger connected to the main supply or power source.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • BULL
  • Koninklijke Philips
  • Schneider Electric
  • Hangzhou Honyar Electrical
  • Huntkey Enterprise Group
  • Xiaomi
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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