The Global Electric Plugs & Sockets Market size was valued at USD 11.16 billion in 2019 and
is predicted to reach USD 19.77 billion by 2030, with a CAGR of 5.2% from 2020-2030. Electric
plugs and sockets are devices that allow electric appliances to establish secure connection
with power source. These are available in different frequencies with different shapes, sizes,
colors, as well as different voltage and current ratings. Plugs & sockets hold wide applications
in residential, commercial, and industrial sectors for establishing secure electric connections,
as they offer high impact strength and greater resistance to the flow of electric current.
Market Segmentations and Scope of the Study:
The global electric plugs & sockets market share has been analyzed based on type, power
rate, end user and geography. Based on type, the market is segmented into Two-Pin, Three-
Pin, Four-Pin, and Five-pin. Based on power rate, the market is fragmented into high power,
medium power, and low power. Based on end user, the market is divided into commercial,
industrial, and residential. Geographic breakdown and analysis of each of the previously
mentioned segments include regions comprising North America, Europe, Asia-Pacific, and
RoW.
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Geographical Analysis
North America is estimated to hold the major market share in the electric plugs & sockets
market over the forecast period owing to the increased adoption of electric plugs and sockets
in the residential and commercial sector. Moreover, presence of developed infrastructure and
tremendous growth in construction industry are expected to further drive the growth of electric
plugs & sockets market in this region. Asia Pacific is estimated to develop rapidly in the electric
plugs & sockets market with substantial increase in market share, demonstrating the highest
CAGR values throughout the forecast period. This is due to advancements of infrastructures,
along