Learn about the global industrial plugs and sockets market through The Business Research Company, which provides information on industrial plugs and sockets market size, industrial plugs and sockets market drivers and restraints, industrial plugs and sockets market players, the COVID-19 impact on the industrial plugs and sockets market, and more.

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The global industrial plugs and sockets market is expected to grow from $2.50 billion in 2020 to $2.62 billion in 2021 at a compound annual growth rate (CAGR) of 4.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $3.2 billion in 2025 at a CAGR of 5.1%.

The increasing demand for smart grid networks is expected to drive innovation in industrial plugs and sockets manufacturing, thus driving the market during the forecast period.

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The industrial plugs and sockets market consists of sales of industrial plugs and sockets by entities (organizations, sole traders and partnerships) that manufacture industrial plugs and sockets. Plug and socket outlet is a mechanism for regular coupling between a flexible cable and an electrical circuit, it comprises a socket outlet and a plug. The socket-outlet is built to be linked to the electrical circuit. The plug is a component that is attached or intended to be connected to the end of a flexible cable that is connected to a device or connector.

Global industrial plugs and sockets market segments include:

By Type: Plug, Socket 

By Protection: Waterproof, Dustproof and Splash-Proof, Explosion-Proof, Others 

By End User: Power Generation, Oil And Gas, Heavy Industry, Chemical And Pharmaceutical, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the industrial plugs and sockets market in 2020.

The growing technological advancements is a major trend gaining popularity in the industrial plugs and sockets market. Major companies operating in the industrial plugs and sockets sector are focusing on developing technologically advanced solutions for industrial plugs and sockets.

TBRC’s industrial plugs and sockets market report covers:

Major Market Players: ABB Ltd, Amphenol Corporation, Legrand SA, Marechal Electric Group, Mennekes, Schneider Electric SA, Emerson Electric Co., Eaton Corporation PLC, Power and Control, Labhya Tech, Electech International Trades, Bals Deutschland.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Industrial Plugs And Sockets Global Market Report 2021: COVID-19 Growth and Change to 2030 is one of a series of new reports from The Business Research Company that provides industrial plugs and sockets market overviews, analyses and forecasts market size, share, industrial plugs and sockets market players, industrial plugs and sockets market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s industrial plugs and sockets market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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