Scope of the Study
A socket outlet is a socket for an electric plug that is fixed to the wall and connected to an electricity supply. It is a female socket connected to the power wiring in the building and will accept the male plug attached at the end of the flexible cord of an appliance such as a vacuum cleaner, electric fire or electronic equipment. The growing construction industry worldwide will drive the growth of the socket-outlet market in the upcoming future.
The market study is being classified by Type (Single Plug Socket, Double Plug Socket and Others), by Application (Home Use, Industrial Use and Commercial Use) and major geographies with country level break-up.
Legrand (France), Siemens (Germany), Schneider Electric (France), ABB (Switzerland), Honeywell (United States), Leviton (United States), Chint Group (China), Panasonic (Japan), Philips (Netherlands) and Niko Group (Belgium) are some of the key players profiled in the study.
Research Analyst at AMA predicts that Global Manufacturers will contribute to the maximum growth of Global Socket Outlets market throughout the predicted period.
Segment Analysis
AdvanceMarketAnalytics has segmented the market of Global Socket Outlets market by Type, Application and Region.
On the basis of geography, the market of Socket Outlets has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increase In the Construction and Development Activities
- Rising Awareness among the Consumers about House Safety
- Increased Disposable Income of the People
Market Trend
- High Demand For Dust and Water Proof Socket Outlets
Restraints
- Fluctuations in the Raw Material Prices
Opportunities
- Growing Construction Industry Worldwide
- Increasing Demand from Developing Countries
Challenges
- Availability of the Low-Quality Socket Outlets in Low Rate
Market Leaders and their expansionary development strategies
19th November 2018, Wire management and electrical installation company Legrand have announced the acquisition of Netatmo, a French startup that makes smart home devices such as security cameras, thermostats and security systems.
Key Target Audience
Socket Outlets Manufacturers, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
Customization in the Report Available:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase