Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Socket Outlets 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) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Socket Outlets 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) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 153337 3300 Energy & Power 377 245 Pages 4.6 (49)
                                          

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.


Global Socket Outlets Industry Outlook


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:

  1. Legrand
  2. Schneider Electric
  3. Siemens
  4. Honeywell
  5. Bull
  6. Leviton
  7. Chint Group
  8. Panasonic
  9. Philips
  10. Feidiao
  11. Simon
  12. ABB

Global Socket Outlets Market Overview


Highlights of The Socket Outlets Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Single Plug Socket
    2. Double Plug Socket
    3. Others
    4. Double Plug Socket had the biggest market share of 58% in 2018.
  1. By Application:

    1. Home Use
    2. Industrial Use
    3. Commercial Use
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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

Global Socket Outlets Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. 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

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