The global Socket Outlets market was valued at US$ 5808 million in 2019 and it is expected to reach US$ 9190.9 million by the end of 2026, growing at a CAGR of 6.7% during 2021-2026.
A socket outlet is the familiar item mounted on the wall which a plug can be inserted. Socket outlets provide flexible access to electricity for use with a wide variety of components and make it easier and safer for occupants to power appliances, and are designed to minimize the risk of electrical shock, burns, and other related dangers.
Legrand was the global greatest company in Socket Outlets industry, with the revenue market Share of 18% in 2018, followed by Schneider Electric, Siemens, Honeywell, Bull, Leviton, Chint Group, Panasonic, Philips, Feidiao, Simon, ABB.
Global Socket Outlets Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Socket Outlets Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Legrand, Schneider Electric, Siemens, Honeywell, Bull, Leviton, Chint Group, Panasonic, Philips, Feidiao, Simon, ABB and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-socket-outlets-market-research-report
Segment by Type
- Single Plug Socket
- Double Plug Socket
Double Plug Socket had the biggest market share of 58% in 2018.
Segment by Application
- Home Use
- Industrial Use
- Commercial Use
Home Use is the greatest segment of Socket Outlets application, with a share of 50% in 2018.
Table of Content:
1 Socket Outlets Market Overview
2 Socket Outlets Market Competition by Manufacturers
3 Socket Outlets Retrospective Market Scenario by Region
4 Global Socket Outlets Historic Market Analysis by Type
5 Global Socket Outlets Historic Market Analysis by Application
6 Key Companies Profiled
7 Socket Outlets Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Socket Outlets Market Dynamics
10 Global Socket Outlets Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.