DUBLIN--(BUSINESS WIRE)--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 industrial plugs & sockets market is projected to reach USD 3.60 billion by 2021, growing at a CAGR of 4.82% from 2016 to 2021
Industrial plugs & sockets are used in the oil & gas, power generation, chemical & pharmaceutical, and heavy industries. Investments in sectors other than oil & gas in the Middle East and North Africa (MENA), and the growth of the manufacturing sector in South Asian countries, coupled with the revival of the manufacturing industry in North America, are expected to drive the industrial plugs & sockets market. The slowdown in mining activities will likely hinder market growth, as the mining industry is a potential end-user market for industrial plugs & sockets.
With regard to the protection segment, dustproof & splash-proof industrial plugs & sockets are expected to constitute the largest as well as 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. Dustproof & splash-proof industrial plugs & sockets find application in the textile, food processing, and metals & mining sectors.
Asia-Pacific is currently the largest market for industrial plugs & sockets, closely followed by North America. The Asian market is primarily driven by countries such as China, India, and Japan, where there is a high demand for industrial plugs & sockets. The market in this region is projected to grow at a high rate, with China expected to dominate the market. Despite the headwinds in the Chinese economy, the increasing domestic demand for various infrastructural facilities is expected to raise the growth rates slightly in 2017; this will likely boost the demand for industrial plugs & sockets.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industrial Plugs & Sockets Market, By Type
7 Industrial Plugs & Sockets Market, By Protection
8 Industrial Plugs & Sockets Market, By End-User
9 Industrial Plugs & Sockets Market, By Region
10 Competitive Landscape
11 Company Profiles
- Amphenol Corporation
- Eaton Corporation PLC.
- Emerson Electric Co.
- Legrand SA
- Marechal Electric Group
- Palazzoli Group
- SCAME Group
- Schneider Electric
For more information about this report visit http://www.researchandmarkets.com/research/2xh356/industrial_plugs