Market Overview:
The global single socket converter market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electrical appliances and devices across the globe. In addition, the growing awareness about energy conservation is also propelling the growth of this market. Based on type, the global single socket converter market can be segmented into plastic, rubber, and brass sockets. Of these, plastic sockets are expected to witness higher demand during the forecast period owing to their low cost and easy installation. Based on application, this market can be segmented into household applications, office applications travel applications among others.
Product Definition:
A single socket converter is a device that converts one type of electrical connector to another. It is used to adapt an electrical device with a different type of connector. The importance of a single socket converter is that it allows for the use of different types of connectors, which can be helpful in cases where one type of connector is not available.
Plastic:
Plastic is a versatile material, which can be used in various industries such as automotive, construction, electrical & electronics and consumer goods. It has replaced many conventional materials such as metals owing to its properties such as lightweight and durability. The growth of the global plastic industry is directly proportional to that of the global electronic industry; thus providing avenues for market growth over the forecast period.
Rubber:
Rubber is a material that exhibits elasticity and has the ability to withstand high pressure. It can be either natural or synthetic in nature. Natural rubber is produced from the sap of rubber plants while synthetic type is manufactured from chemicals.
Application Insights:
The global single socket converter market has been segmented into three major applications, namely household, office and travel. The household application is expected to dominate the overall industry over the forecast period owing to growing demand for energy efficient products in developed countries such as U.K., Germany and U.S. Single socket converters are used in various appliances including electric dryer, clothesline power tools (lawn mower), space heaters and water heaters among others which operate on standard 120VAC power supply voltage worldwide without changing its frequency or amperage characteristics.
Single-socket converts a range of 60Hz to 400Hz depending on country/region specific frequency conversion standards with no change in electrical or mechanical properties across more than 150 countries that use this type of electricity distribution system worldwide without changing its current flow rate or amperage value according to international standards such as IEC 61800-3-2 which provides guidelines for testing.
Regional Analysis:
Europe dominated the global single socket converter market in 2017 owing to high product demand from countries, such as Germany, U.K., France and Italy. Moreover, increasing number of data centers in the region is expected to drive product demand over the forecast period. Asia Pacific is projected to be fastest-growing regional market due to rapid growth of IT sector and increasing adoption of technology across various sectors including healthcare, retail & e-commerce, telecom & ITES among others. Increasing penetration of international manufacturers in emerging economies coupled with growing consumer awareness regarding energy conservation will drive this regional market further.
Asia Pacific was followed by Europe that accounted for a revenue share of more than 25% in 2017 on account rising need for power supply units at Data Centers along with other applications used at home or office spaces by consumers globally which are driving overall industry growth positively impacting industry size over next eight years.
Growth Factors:
- Increasing demand for data center space and the need to reduce power consumption are the key growth drivers for the single socket converter market.
- The increasing trend of cloud computing and big data is also fueling the demand for single socket converters, as these devices help in efficient utilization of data center space.
- Growing number of small and medium-sized businesses (SMBs) is also contributing to the growth of this market, as they are increasingly adopting single socket converters to manage their growing IT needs in an economical way.
- Rapid expansion of telecommunications sector is also driving the demand for single socket converters, as these devices are used extensively in telecom networks for signal amplification and conditioning purposes. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Single Socket Converter Market Research Report
By Type
Plastic, Rubber, Brass
By Application
Household, Office, Travel
By Companies
Screwfix Direct Ltd, Toolstation Ltd, Yesss Electrical, Schneider Electric, Xiaomi, Ramptel (Bull), Huntkey (Huntkey Enterprise Group), OPPLE, Elcom International Private Limited, Hangzhou Honyar Electrical, Screwfix Direct Ltd
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
190
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Single Socket Converter Market Report Segments:
The global Single Socket Converter market is segmented on the basis of:
Types
Plastic, Rubber, Brass
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Household, Office, Travel
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Screwfix Direct Ltd
- Toolstation Ltd
- Yesss Electrical
- Schneider Electric
- Xiaomi
- Ramptel (Bull)
- Huntkey (Huntkey Enterprise Group)
- OPPLE
- Elcom International Private Limited
- Hangzhou Honyar Electrical
- Screwfix Direct Ltd
Highlights of The Single Socket Converter Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Plastic
- Rubber
- Brass
- By Application:
- Household
- Office
- Travel
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Single Socket Converter Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A single socket converter is a hardware device that allows one computer to use multiple types of processors, such as CPUs and GPUs.
Some of the major players in the single socket converter market are Screwfix Direct Ltd, Toolstation Ltd, Yesss Electrical, Schneider Electric, Xiaomi, Ramptel (Bull), Huntkey (Huntkey Enterprise Group), OPPLE, Elcom International Private Limited, Hangzhou Honyar Electrical, Screwfix Direct Ltd.
The single socket converter market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Single Socket Converter Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Single Socket Converter Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Single Socket Converter Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Single Socket Converter Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Single Socket Converter Market Size & Forecast, 2018-2028
4.5.1 Single Socket Converter Market Size and Y-o-Y Growth
4.5.2 Single Socket Converter Market Absolute $ Opportunity
Chapter 5 Global Single Socket Converter Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Single Socket Converter Market Size Forecast by Type
5.2.1 Plastic
5.2.2 Rubber
5.2.3 Brass
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Single Socket Converter Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Single Socket Converter Market Size Forecast by Applications
6.2.1 Household
6.2.2 Office
6.2.3 Travel
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Single Socket Converter Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Single Socket Converter Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Single Socket Converter Analysis and Forecast
9.1 Introduction
9.2 North America Single Socket Converter Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Single Socket Converter Market Size Forecast by Type
9.6.1 Plastic
9.6.2 Rubber
9.6.3 Brass
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Single Socket Converter Market Size Forecast by Applications
9.10.1 Household
9.10.2 Office
9.10.3 Travel
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Single Socket Converter Analysis and Forecast
10.1 Introduction
10.2 Europe Single Socket Converter Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Single Socket Converter Market Size Forecast by Type
10.6.1 Plastic
10.6.2 Rubber
10.6.3 Brass
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Single Socket Converter Market Size Forecast by Applications
10.10.1 Household
10.10.2 Office
10.10.3 Travel
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Single Socket Converter Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Single Socket Converter Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Single Socket Converter Market Size Forecast by Type
11.6.1 Plastic
11.6.2 Rubber
11.6.3 Brass
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Single Socket Converter Market Size Forecast by Applications
11.10.1 Household
11.10.2 Office
11.10.3 Travel
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Single Socket Converter Analysis and Forecast
12.1 Introduction
12.2 Latin America Single Socket Converter Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Single Socket Converter Market Size Forecast by Type
12.6.1 Plastic
12.6.2 Rubber
12.6.3 Brass
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Single Socket Converter Market Size Forecast by Applications
12.10.1 Household
12.10.2 Office
12.10.3 Travel
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Single Socket Converter Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Single Socket Converter Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Single Socket Converter Market Size Forecast by Type
13.6.1 Plastic
13.6.2 Rubber
13.6.3 Brass
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Single Socket Converter Market Size Forecast by Applications
13.10.1 Household
13.10.2 Office
13.10.3 Travel
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Single Socket Converter Market: Competitive Dashboard
14.2 Global Single Socket Converter Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Screwfix Direct Ltd
14.3.2 Toolstation Ltd
14.3.3 Yesss Electrical
14.3.4 Schneider Electric
14.3.5 Xiaomi
14.3.6 Ramptel (Bull)
14.3.7 Huntkey (Huntkey Enterprise Group)
14.3.8 OPPLE
14.3.9 Elcom International Private Limited
14.3.10 Hangzhou Honyar Electrical
14.3.11 Screwfix Direct Ltd
