City of Industry, CA -- (SBWIRE) -- 07/17/2019 -- Industrial Plugs and Sockets are used for power connection in industrial applications. Industrial plugs and sockets are used for power connection in industrial applications or other situations rated at higher voltages and currents than household plugs and sockets. They are generally used in polyphase systems, with high currents, or when protection from environmental hazards is required. Industrial outlets may have weatherproof covers, waterproofing sleeves, or may be interlocked with a switch to prevent accidental disconnection of an energized plug.
The global market of industrial plugs and sockets is mature so the main market is replacement and some demand from industry.
The global industrial plugs and sockets market is mainly occupied by the existing enterprises. ABB, Schneider Electric, Legrand , Hubbell and Marechal Electric is the top 5 manufacturers which occupied about 35% revenue market share in 2016.
The consumption region of global industrial plugs and sockets market mainly concentrates in the North America, Europe and Asia-Pacific. Europe is the largest consumption region in the world. The global consumption volume was 63809 K pcs in 2016. It is estimated to reach 85715 K pcs by 2022.
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The application of industrial plugs and sockets is agriculture, industry, construction, sports & entertainment and other applications. Industry uses are the dominated application, which accounts for about 50% of revenue. Construction application is second large consumption filed of industrial plugs and sockets.
Although the market competition of industrial plugs and sockets is fierce in the world, there are many enterprises can obtain considerable profit from the manufacturing and marketing of industrial plugs and sockets and that is the reason that we believe there will also be enterprises enter this market. But it is suggested that enterprises those have plans to enter this industry have careful analysis of this market and the advantages or disadvantages of themselves.
The global Industrial Plugs and Sockets market is valued at 1790 million US$ in 2018 is expected to reach 2370 million US$ by the end of 2025, growing at a CAGR of 3.6% during 2019-2025.
The following manufacturers are covered:
ABB
Schneider Electric
Legrand
Hubbell
Marechal Electric
Mennekes
Amphenol
Eaton
Emerson Electric
Bals
Leviton
Palazzoli
Cavotec
Lewden
IDE ELECTRIC
Kedu
Scame
Chfrsia
C&S Electric
Segment by Type
Plugs
Socket
Mechanical Interlock
Segment by Application
Agriculture
Industry
Construction
Sports & Entertainment
Other
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