DUBLIN, October 18, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "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" report to their offering.
The global industrial plugs & sockets market is projected to grow at a CAGR of 4.82% from 2016 to 2021, to reach a market size of USD 3.60 Billion by 2021
This growth is attributed to the growth of the manufacturing sector in South Asian countries and investments in sectors other than oil & gas in the Middle East and North Africa (MENA) region.
The Asia-Pacific market is projected to grow at the highest CAGR from 2016 to 2021. The region is the largest market for construction. The growth in the manufacturing sector, especially in Southeast Asian countries, coupled with the increase in power generation capacity in India, is expected to drive the industrial plugs & sockets market in Asia-Pacific.
Industrial Plugs & Sockets Market
Headwinds in the Chinese infrastructure sector could be a restraint for the industrial plugs & sockets market, as plugs & sockets form an important part of the sector. Additionally, plugs & sockets form a crucial part of the mining and any infrastructural sector. Thus, a slowdown in these sectors could hinder the growth of the industrial plugs & sockets market.
Leading players in the industrial plugs & sockets market include Legrand SA (France), Amphenol Corporation (U.S.), Mennekes (Germany), and Marechal Electric Company (France). New product launch was the strategy most commonly adopted by top players in the market, constituting 33% of the total developments from 2013 to 2016. It was followed by expansion, new product development, and mergers & acquisitions.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
3.1 Historical Backdrop, Evolution, & Current Scenario
3.2 Future Outlook
3.3 Conclusion
4 Premium Insights
5 Market Overview
5.1 Introduction
5.2 Industrial Plugs & Sockets: Market Segmentation
5.2.1 By Protection
5.2.2 By Type
5.2.3 By End-User
5.2.4 By Region
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Increasing Construction and Development Activities in Asia
5.3.1.2 Investments in Sectors Other Than Oil & Gas in Middle East
5.3.1.3 Growth of Manufacturing Sector in South East Asia
5.3.2 Restraints
5.3.2.1 Slowdown in Mining Industry
5.3.2.2 Slowing Industrial Growth in China
5.3.3 Opportunities
5.3.3.1 Investing in Asean
5.3.3.2 Growth in Sub-Saharan Africa N
5.3.4 Challenges
5.3.4.1 Grey Market
6 Industrial Plugs & Sockets Market, By Type
6.1 Introduction
6.1.1 Plugs
6.1.2 Sockets
7 Industrial Plugs & Sockets Market, By Protection
7.1 Introduction
7.1.1 Dust-Proof and Splash-Proof
7.1.2 Water-Proof
7.1.3 Explosion-Proof
8 Industrial Plugs & Sockets Market, By End-User
8.1 Introduction
8.1.1 Heavy Industry
8.1.2 Chemical & Pharmaceutical
8.1.3 Power Generation
8.1.4 Oil & Gas
8.1.5 Others (Sports& Entertainment, Agriculture, Military)
9 Industrial Plugs & Sockets Market, By Region
10 Competitive Landscape
11 Company Profiles
- ABB
- Amphenol Corporation
- Eaton Corporation PLC.
- Emerson Electric Co.
- Legrand SA
- Marechal Electric Group
- Mennekes
- Palazzoli Group
- SCAME Group
- Schneider Electric
For more information about this report visit http://www.researchandmarkets.com/research/cjd6wn/industrial_plugs
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