Market Overview:
The global socket outlets market is segmented on the basis of type, application and region. The type segment is further divided into single plug socket, double plug socket and others. The double plug socket had the biggest market share of 58% in 2018. The application segment is divided into home use, industrial use and commercial use. The home use segment had the highest market share in 2018 owing to increase in demand for smart homes globally. Region wise, the global Socket Outlets Market is classified into North America, Latin America, Europe Asia Pacific and Middle East & Africa. Asia Pacific held the largest share of the global Socket Outlets Market in 2018 due to increase in demand from countries such as China and India.
Product Definition:
Socket Outlets are devices that allow an electrical plug to be inserted and provide a connection to the electrical system. They come in many different shapes and sizes, but all have two or more contact points (or sockets) that accept the prongs on an electrical plug. Socket outlets are generally installed in walls, floors, and ceilings, and can be used to power lamps, appliances, etc.
Single Plug Socket:
Single plug socket is a device that has one electrical outlet and one plug for all your devices. It reduces the number of sockets in the wall outlet and hence, reduces the number of wires going into the wall. The single plug socket is mostly used in kitchen outlets as it eliminates extra work to find an additional extension cord for cooking appliances like microwave ovens or electric kettle.
Double Plug Socket:
Double plug socket is a two-piece electrical equipment that has two sockets at the end of it. One of the sockets is normally used to power the device and other one acts as an outlet for plugging in devices. The main advantage associated with this type of socket outlets is that there are no three-pronged plugs needed; instead, only one type of plug adaptor or transformer is required to fit all types of electrical equipment into any double socket outlet.
Application Insights:
The home use application segment led the global socket outlets market in 2018. This growth is attributed to the increasing number of consumers opting for smart homes, wherein they can control various electrical appliances using a smartphone app. Furthermore, rising adoption of smart sockets by manufacturers to provide an enhanced user experience is also responsible for driving demand in this segment.
The commercial use application segment was valued at USD 1,252.6 million in 2018 and is expected to witness significant growth over the forecast period owing to growing investments by businesses across different regions including North America and Europe Pacific region on a highspeed network infrastructure development basis as well as advanced technology implementation basis such as cloud computing & IT infrastructure & applications integration along with other services such as video-conferencing and data-centers which are contributing significantly towards industry expansion over the coming years.
Socket outlets have multiple uses at homes offices industrial places etc.
Regional Analysis:
North America dominated the global socket outlets market in 2018. The growth is majorly driven by countries such as U.S., Canada, and Mexico due to high demand for consumer electronics and surge in construction activities across these countries. Moreover, presence of key manufacturers such as APC Corp., Belkin International LLC, and Tripp-Lite Inc.
The Middle East & Africa (MEA) region has a huge potential for development considering its large population base especially in UAE, Saudi Arabia, Egypt etc.
Growth Factors:
- Increasing demand from the commercial sector for socket outlets as it provides easy and convenient way to power multiple devices simultaneously.
- Rapid urbanization and growing population, especially in the developing countries, is expected to drive the demand for socket outlets over the forecast period.
- Rising disposable income of consumers coupled with changing lifestyle is anticipated to boost the market growth during the forecast period.
- Technological advancements in electrical products such as smart sockets are projected to create new opportunities for market players over next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
Socket Outlets Market Research Report
By Type
Single Plug Socket, Double Plug Socket, Others, Double Plug Socket had the biggest market share of 58% in 2018.
By Application
Home Use, Industrial Use, Commercial Use
By Companies
Legrand, Schneider Electric, Siemens, Honeywell, Bull, Leviton, Chint Group, Panasonic, Philips, Feidiao, Simon, ABB
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Socket Outlets Market Report Segments:
The global Socket Outlets market is segmented on the basis of:
Types
Single Plug Socket, Double Plug Socket, Others, Double Plug Socket had the biggest market share of 58% in 2018.
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
Home Use, Industrial Use, Commercial Use
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:
- Legrand
- Schneider Electric
- Siemens
- Honeywell
- Bull
- Leviton
- Chint Group
- Panasonic
- Philips
- Feidiao
- Simon
- ABB
Highlights of The Socket Outlets 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:
- Single Plug Socket
- Double Plug Socket
- Others
- Double Plug Socket had the biggest market share of 58% in 2018.
- By Application:
- Home Use
- Industrial Use
- Commercial Use
- 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 Socket Outlets 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?
Socket outlets are a type of electrical outlet that is designed to be used with plugs that have two round prongs. Socket outlets are often found in bathrooms, kitchens, and other areas where there is a high demand for power.
Some of the key players operating in the socket outlets market are Legrand, Schneider Electric, Siemens, Honeywell, Bull, Leviton, Chint Group, Panasonic, Philips, Feidiao, Simon, ABB.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Socket Outlets Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Socket Outlets Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Socket Outlets Market - Supply Chain
4.5. Global Socket Outlets Market Forecast
4.5.1. Socket Outlets Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Socket Outlets Market Size (000 Units) and Y-o-Y Growth
4.5.3. Socket Outlets Market Absolute $ Opportunity
5. Global Socket Outlets Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Socket Outlets Market Size and Volume Forecast by Type
5.3.1. Single Plug Socket
5.3.2. Double Plug Socket
5.3.3. Others
5.3.4. Double Plug Socket had the biggest market share of 58% in 2018.
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Socket Outlets Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Socket Outlets Market Size and Volume Forecast by Application
6.3.1. Home Use
6.3.2. Industrial Use
6.3.3. Commercial Use
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Socket Outlets Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Socket Outlets Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Socket Outlets Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Socket Outlets Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Socket Outlets Demand Share Forecast, 2019-2026
9. North America Socket Outlets Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Socket Outlets Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Socket Outlets Market Size and Volume Forecast by Application
9.4.1. Home Use
9.4.2. Industrial Use
9.4.3. Commercial Use
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Socket Outlets Market Size and Volume Forecast by Type
9.7.1. Single Plug Socket
9.7.2. Double Plug Socket
9.7.3. Others
9.7.4. Double Plug Socket had the biggest market share of 58% in 2018.
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Socket Outlets Demand Share Forecast, 2019-2026
10. Latin America Socket Outlets Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Socket Outlets Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Socket Outlets Market Size and Volume Forecast by Application
10.4.1. Home Use
10.4.2. Industrial Use
10.4.3. Commercial Use
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Socket Outlets Market Size and Volume Forecast by Type
10.7.1. Single Plug Socket
10.7.2. Double Plug Socket
10.7.3. Others
10.7.4. Double Plug Socket had the biggest market share of 58% in 2018.
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Socket Outlets Demand Share Forecast, 2019-2026
11. Europe Socket Outlets Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Socket Outlets Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Socket Outlets Market Size and Volume Forecast by Application
11.4.1. Home Use
11.4.2. Industrial Use
11.4.3. Commercial Use
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Socket Outlets Market Size and Volume Forecast by Type
11.7.1. Single Plug Socket
11.7.2. Double Plug Socket
11.7.3. Others
11.7.4. Double Plug Socket had the biggest market share of 58% in 2018.
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Socket Outlets Demand Share, 2019-2026
12. Asia Pacific Socket Outlets Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Socket Outlets Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Socket Outlets Market Size and Volume Forecast by Application
12.4.1. Home Use
12.4.2. Industrial Use
12.4.3. Commercial Use
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Socket Outlets Market Size and Volume Forecast by Type
12.7.1. Single Plug Socket
12.7.2. Double Plug Socket
12.7.3. Others
12.7.4. Double Plug Socket had the biggest market share of 58% in 2018.
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Socket Outlets Demand Share, 2019-2026
13. Middle East & Africa Socket Outlets Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Socket Outlets Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Socket Outlets Market Size and Volume Forecast by Application
13.4.1. Home Use
13.4.2. Industrial Use
13.4.3. Commercial Use
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Socket Outlets Market Size and Volume Forecast by Type
13.7.1. Single Plug Socket
13.7.2. Double Plug Socket
13.7.3. Others
13.7.4. Double Plug Socket had the biggest market share of 58% in 2018.
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Socket Outlets Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Socket Outlets Market: Market Share Analysis
14.2. Socket Outlets Distributors and Customers
14.3. Socket Outlets Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Legrand
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Schneider Electric
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Siemens
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Honeywell
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Bull
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Leviton
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Chint Group
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Panasonic
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Philips
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Feidiao
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Simon
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. ABB
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook