Global Industrial Plugs and Sockets Market 2017-2021 with ABB, Amphenol, Hubbell, Legrand, ENNEKES & TE Connectivity Dominating

News provided by

Research and Markets

09 Nov, 2017, 17:45 GMT

DUBLIN, November 9, 2017 /PRNewswire/ --

The "Global Industrial Plugs and Sockets Market 2017-2021" report has been added to Research and Markets' offering.

The global industrial plugs and sockets market to grow at a CAGR of 4.10% during the period 2017-2021.

Global Industrial Plugs and Sockets Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

The latest trend gaining momentum in the market is Consolidation in the electrical equipment manufacturing industry. There are a large number of vendors present in the electrical equipment manufacturing business globally, which includes the industrial plugs and sockets manufacturers. Most of these vendors have a prominent presence in countries with low-cost labor, such as China. The presence of such a large number of such industries, as well as the huge manufacturing overcapacity, poses a major challenge during times of economic downturn.

According to the report, one of the major drivers for this market is Industrial growth in emerging economies. There has been a growing focus on domestic manufacturing and consumption in several emerging economies to meet the growing internal demand for manufactured goods and to reduce dependence on imports. This is encouraging several governments to develop and attract investments in local industries.

The rise in industrial activities in the developing nations of Asia and Latin America is expected to be a major growth driver for the industrial plugs and sockets market during the next five years. The leading consumer of industrial plugs and sockets across the globe is the secondary or manufacturing industry. The rise in manufacturing activities has a direct impact on the demand for industrial plugs and sockets.

Further, the report states that one of the major factors hindering the growth of this market is Volatility in raw material prices. One of the major challenges for a manufacturing-driven company is the cost of raw materials. The material cost for the production of plugs and sockets form a significant share of the total cost of manufacturing. Any notable change in the cost of raw materials may drive down the margins for the vendors of industrial plugs and sockets.

Market trends

  • Consolidation in the electrical equipment manufacturing industry
  • Adoption of technology in emerging markets
  • Growing investments in renewable energy

Key vendors

  • ABB
  • Amphenol
  • Hubbell
  • Legrand
  • ENNEKES
  • TE Connectivity

Other prominent vendors

  • Andeli Group
  • Bals Deutschland
  • Cavotec
  • Eaton
  • Emerson Electric
  • Gewiss
  • HIROSE ELECTRIC
  • HENGTONG ELECTRIC
  • I.L.M.E.
  • ITT
  • Leviton Manufacturing
  • LEWDEN METAL PRODUCTS
  • Marechalgroup
  • Molex
  • Palazzoli
  • Schneider Electric
  • Scame Parre
  • WALTHER-WERKE

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market Landscape

Part 06: Market Segmentation By Product

Part 07: Geographical Segmentation

Part 08: Decision Framework

Part 09: Drivers And Challenges

Part 10: Market Trends

Part 11: Vendor Landscape

Part 12: Key Vendor Analysis

Part 13: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/npm8h5/global_industrial

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com  

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Related Links

http://www.researchandmarkets.com