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Industrial Plugs & Sockets - Global Market Trajectory & Analytics

  • ID: 4805807
  • Report
  • April 2021
  • Region: Global
  • 372 pages
  • Global Industry Analysts, Inc
Global Industrial Plugs and Sockets Market to Reach $4 Billion by 2027

Amid the COVID-19 crisis, the global market for Industrial Plugs and Sockets estimated at US$3.2 Billion in the year 2020, is projected to reach a revised size of US$4 Billion by 2027, growing at a CAGR of 3.3% over the period 2020-2027. Plugs, one of the segments analyzed in the report, is projected to record 3.8% CAGR and reach US$1.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Sockets segment is readjusted to a revised 2.9% CAGR for the next 7-year period.



The U.S. Market is Estimated at $851.2 Million, While China is Forecast to Grow at 6% CAGR

The Industrial Plugs and Sockets market in the U.S. is estimated at US$851.2 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$822.7 Million by the year 2027 trailing a CAGR of 6.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.9% and 2.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.6% CAGR.

Select Competitors (Total 36 Featured):
  • ABB Group
  • Amphenol Corporation
  • Eaton Corporation PLC
  • Emerson Electric Company
  • Legrand SA
  • Marechal Electric Group
  • MENNEKES Electrical Products
  • Palazzoli Group
  • Scame Parre S.p.A.
  • Schneider Electric SA
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • Impact of Covid-19 and a Looming Global Recession
III. MARKET ANALYSIS

IV. COMPETITION
  • Total Companies Profiled: 36
Note: Product cover images may vary from those shown
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