The global "Industrial Plugs & Sockets Market" is projected to grow at a CAGR of 4.82% from 2016 to 2021, to reach a market size of USD 3.60 Billion by 2021. This growth is attributed to the growth of the manufacturing sector in South Asian countries and investments in sectors other than oil & gas in the Middle East and North Africa (MENA) region.The report segments the industrial plugs & sockets market on the basis of type into plugs and sockets. The sockets segment is projected to dominate the industrial plugs & sockets market.
The report segments the industrial plugs & sockets market based on end-user into oil & gas, power generation, chemical & pharmaceutical, heavy industry, and other industries. The heavy industry segment is expected to grow at the fastest rate during the forecast period. Heavy industries include metals & mining, construction, food processing, automotive, and textile. The growth of these sectors, particularly food processing, textile, and automotive, will likely drive heavy industry segment. This segment is expected to create new revenue pockets for the industrial plugs & sockets market during the forecast period.
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.
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.
Target Audience:
- 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
Dominated End User:
- Oil & Gas
- Power Generation
- Chemical & Pharmaceutical
- Heavy Industry
Leading players in the industrial plugs & sockets market include Legrand SA (France), Amphenol Corporation (U.S.), Mennekes (Germany), and Marechal Electric Company (France).
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