Electric plugs and sockets are electrical devices, which provide a mode for power supply. The global electric plugs and sockets market at $9,971.60 million in 2017, and is projected to reach $15,530.20 million by 2024, growing at a CAGR of 6.7% from 2018 to 2024. owing to rise in demand for safe and reliable electrical infrastructure across the globe.

Rise in construction and development of urbanization across the globe, increase in demand for safe electrical operations, and rise in demand for dust proof & splash proof plugs & sockets, drive the growth of the market.
In 2017, Asia-Pacific was the highest contributor, in terms of revenue, in the global electric plugs and sockets market with 37.62% of share. In addition, the three-pin segment contributed significant revenue to the market, majorly in the U.S. Furthermore, the industrial segment across end user in electric plugs and sockets segments are anticipated to witness the highest growth rate during the forecast period.

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KEY PLAYERS
• Legrand SA
• Philips
• Schneider Electric SE
• ABB Ltd.
• Emerson Electric Co.
• Wenzhou Chmag Electrical Co Ltd.
• Mennekes Elecktrotechnik Gmbh
• Scame Group
• Amphenol Corporation
• Eaton Corp.

Key Findings Of The Electric Plugs And Sockets Market:
• The three-pin segment accounted for the highest share in 2017 with $3,838.40 million, growing at a CAGR of 7.0% from 2018 to 2024.
• The high-power rate segment generated the highest revenue, accounting for $4,023.60 million in 2017.
• Asia-Pacific is expected to dominate the market, in terms of market share of 37.62%, during the forecast period.

Electric Plugs and Sockets Market Key Segments:

By Type
• Two-Pin
• Three-Pin
• Four-Pin
• Five-pin

By Power rate
• High Power
• Medium Power
• Low Power

By End User
• Residential
• Commercial
• Industrial

By Region
• North America
• Europe
• Asia-Pacific
• LAMEA

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