PUNE, India, October 7, 2016 /PRNewswire/ --
The report "Industrial Plugs & Sockets Market by Protection (Dustproof & Splash-Proof, Water-Proof, and Explosion-Proof), Type (Plugs and Sockets), End-User (Oil & Gas, Power Generation, Chemical & Pharmaceutical, and Heavy Industry) - Global Forecast to 2021" published by MarketsandMarkets, the market is expected to grow from an estimated USD 2.84 Billion in 2016 to USD 3.60 Billion by 2021, registering a CAGR of 4.82% from 2016 to 2021.
Browse 68 market data Tables and 45 Figures spread through 155 Pages and in-depth TOC on "Industrial Plugs & Sockets Market"
Early buyers will receive 10% customization on this report.
The global market is set to witness significant growth, due to the increasing construction and development activities in Asia, the growth of the manufacturing sector in South Asian countries, and the revival of the manufacturing sector in North America.
The heavy industry segment is expected to hold the largest share of the Industrial Plugs & Sockets Market, by end-user, during the forecast period
The heavy industry segment led the Industrial Plugs & Sockets Market in 2015, and is projected to dominate the market during the forecast period. The heavy industry segment is expected to grow at the fastest rate during the forecast period. This segment is primarily driven by the growth of the automobile, food processing, and textile industries, and is expected to create new revenue pockets for the Industrial Plugs & Sockets Market during the forecast period.
Dustproof & splash-proof to be the fastest growing segment in the Industrial Plugs & Sockets Market
With regard to the protection segment, dustproof & splash-proof industrial plugs & sockets are expected to constitute the fastest growing market from 2016 to 2021. These have wide industrial application, unlike water-proof industrial plugs & sockets, which have a limited set of industrial applications.
Asia-Pacific: The leading market for industrial plugs & sockets
In this report, the Industrial Plugs & Sockets Market has been analyzed with respect to five regions, namely, North America, Europe, Asia-Pacific, South America, the Middle East, and Africa. Asia-Pacific is expected to dominate the global Industrial Plugs & Sockets Market, given the increasing construction and development activities in countries such as India and China.
To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the top players in the Industrial Plugs & Sockets Market. These players include Legrand SA (France), Amphenol Corporation (U.S.), Mennekes (Germany), and Marechal Electric Company (France). Leading players are trying to penetrate the markets in developing economies, and are adopting various strategies to increase their market share.
Browse Related Reports:
Medium Voltage Cables & Accessories Market by Overhead (Conductors, Fittings & Fixtures), Underground & Submarine (MI Cables, XLPE Cables, Cable Terminations, Cable Joints), End-User (Infrastructure, Industrial, Renewables), & by Region - Forecast to 2021
Low Voltage Cable Market by Overhead (Conductors, Fittings & Fixtures, Others), by Underground (PVC Cables, XLPE Cables, Cable Terminations, Cable Joints, Others), by End-User (Infrastructure, Industrial, Renewables) and by Region - Global Trends & Forecast to 2020
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
701 Pike Street
Suite 2175, Seattle
WA 98101, United States
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/energy-and-power
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets