Electric Plugs Sockets Market: Factors Restraining the Growth of the Market

By , in PR PR World on .

Portland, OR — 02/02/2018 — Electric plugs and sockets are power devices, which allow electrical equipment to be connected to the alternating current (AC) power source. These plugs and sockets can be classified based on current rating, voltage, type of connectors, size, and shape. Moreover, the types of plugs and sockets used in particular country are set by national standards, some of which are listed in the IEC technical report TR 60083. The scope of IEC TR 60083 explains: The report only comprises systems for which standard sheets are already published in a National Standard, which might be a National Standard of the country or any other IEC member country.

The global electric plugs and sockets market is largely driven by the swift growth in the manufacturing industry in South Asian countries such as China, India, and Japan. However, slowdown in mining activities would hamper the market growth, as the mining industry is one if the potential end-user markets for plugs & sockets. Moreover, the cumulative local demand for infrastructural facilities is expected to provide huge growth opportunities for the market in years to come.

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The market is segmented based on type, power rate, end-user, and geography. Based on type, the market is bifurcated into two-pin and three-pin. The power rate segment includes high power, medium power, and low power. Based on end-user, it is classified into residential, commercial, and industrial. The industrial segment further includes heavy industries, oil & gas, chemical & pharmaceutical, power generation, and others.

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Based on geography, it is analyzed across North America (U.S., Mexico, and Canada), Europe (UK, Germany, Russia, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

MARKET SEGMENTATION

BY TYPE

-Two-Pin
-Three-Pin

BY POWER RATE

-High Power
-Medium Power
-Low Power

BY END-USER

-Residential
-Commercial
-Industrial
-Heavy Industries
-Oil & Gas
-Chemical & Pharmaceutical
-Power Generation
-Others

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Jasmine Petters

Jasmine Petters

Jasmine hails from the city of Nizams, Hyderabad, and is currently pursuing her M.D. from there only. She is an internet wizard and has keen passion in All Things tech. She is a regular Comment contributor for The Daily Telescope and writes a Web column, in which she covers war, sports, and everything in between.
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