Market Overview:
The global spelter sockets market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for spelter sockets in various applications such as chemical industry, transportation industry, and achitechive. Moreover, the growing demand for open spelter sockets and closed spelter sockets is also contributing to the growth of this market. However, volatility in prices of raw materials may restrain the growth of this market during the forecast period. On basis of type, open spelter socket segment is projected to hold major share in global Spelter Sockets Market by 2030 owing higher adoption rate across various industries on account on its features including easy installation and less weight as compared with closed type socket .
Product Definition:
A spelter socket is a type of electrical connector that uses a metal alloy known as spelter to make the electrical connection. Spelter sockets are often used in high-voltage applications, because the alloy has a high melting point and is resistant to corrosion.
Open Spelter Sockets:
Open spelter sockets is a cross-industry term used to define the interface between two different electrical systems. It can be defined as an open circuit without any kind of protection or insulation, which may be utilized to transfer high voltage electricity between two electrodes. The most common example of this type of socket is that of a live electrode and a grounded electrode in an electric outlet.
Closed Spelter Sockets:
Closed spelter sockets are used in the production of electronic equipment such as mobile phones, computers and laptops. The product is manufactured using high-grade stainless steel which has a very small opening at one end and is capable of withstanding high voltage electric current.
The other end consists of an orifice through which the cable must be connected; this orifice is closed by a metal plug that forms a complete electrical circuit with the equipment to be attached to it.
Application Insights:
Chemical industry was the largest application segment in 2016 and is expected to continue its dominance over the forecast period. The chemical industry mainly uses spelter as a raw material for making various products including solder, fluxes, acids, and chemicals used in several applications such as electronics assembly & disassembly, metal plating & cleaning.
The transportation industry is estimated to be one of the fastest-growing segments owing to increasing demand for automotive components along with an increase in global vehicle production. As per IEA estimates, global vehicle production will reach around 92 million units by 2021 from 70 million units in 2017 while IEA predicts that there will be rise of about 35% more vehicles sold than what was predicted by OICA earlier this year. This growth can be attributed towards growing middle-class population coupled with improved economic conditions particularly India & China which are major consumers of automotive components globally which further boosts product demand across several industries worldwide.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising demand from end-use industries such as chemical, transportation, and aerospace. China is one of the largest producers of spelter in this region owing to availability of raw materials such as antimony sulfide which are mined mainly in China and Australia.
The Asia Pacific regional market was followed by Europe with a share of 24.1%. The major countries contributing towards growth are Russia, Germany, France, Ucraine Italy among others due to high production rate coupled with growing demand for industrial machinery & equipment including electric motors & generators along with other applications involved heavy machinery manufacturing industry expansion for various infrastructure projects including buildings roads bridges etc.
Growth Factors:
- Increasing demand from the construction and automotive industries
- Growing popularity of spelter sockets in developing countries
- Rising awareness about the benefits of spelter sockets among consumers
- Technological advancements that have led to the development of new and innovative spelter sockets products
- The increasing number of online retail platforms that offer a wide range of spelter sockets products at competitive prices
Scope Of The Report
Report Attributes
Report Details
Report Title
Spelter Sockets Market Research Report
By Type
Open Spelter Sockets, Closed Spelter Sockets
By Application
Chemical Industry, Transportation Industry, Achitechive
By Companies
The Crosby Group, Nobles, Ropeblock, CERTEX, Union Wire Rope, GN Rope Fittings, Global Rope Fittings, Muncy Industries, PFEIFER Group, Mazzella Companies, Gunnebo Industries, SteelWireRope
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Spelter Sockets Market Report Segments:
The global Spelter Sockets market is segmented on the basis of:
Types
Open Spelter Sockets, Closed Spelter Sockets
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
Chemical Industry, Transportation Industry, Achitechive
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:
- The Crosby Group
- Nobles
- Ropeblock
- CERTEX
- Union Wire Rope
- GN Rope Fittings
- Global Rope Fittings
- Muncy Industries
- PFEIFER Group
- Mazzella Companies
- Gunnebo Industries
- SteelWireRope
Highlights of The Spelter Sockets 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:
- Open Spelter Sockets
- Closed Spelter Sockets
- By Application:
- Chemical Industry
- Transportation Industry
- Achitechive
- 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 Spelter Sockets 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?
Spelter sockets are a type of socket that is made from a metal alloy called spelter. Spelter sockets were originally developed for use in bicycles, but they are now also used in other applications.
Some of the major players in the spelter sockets market are The Crosby Group, Nobles, Ropeblock, CERTEX, Union Wire Rope, GN Rope Fittings, Global Rope Fittings, Muncy Industries, PFEIFER Group, Mazzella Companies, Gunnebo Industries, SteelWireRope.
The spelter sockets market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Spelter Sockets 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. Spelter Sockets Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Spelter Sockets Market - Supply Chain
4.5. Global Spelter Sockets Market Forecast
4.5.1. Spelter Sockets Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Spelter Sockets Market Size (000 Units) and Y-o-Y Growth
4.5.3. Spelter Sockets Market Absolute $ Opportunity
5. Global Spelter Sockets 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. Spelter Sockets Market Size and Volume Forecast by Type
5.3.1. Open Spelter Sockets
5.3.2. Closed Spelter Sockets
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Spelter Sockets 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. Spelter Sockets Market Size and Volume Forecast by Application
6.3.1. Chemical Industry
6.3.2. Transportation Industry
6.3.3. Achitechive
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Spelter Sockets 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. Spelter Sockets 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 Spelter Sockets 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. Spelter Sockets 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 Spelter Sockets Demand Share Forecast, 2019-2026
9. North America Spelter Sockets 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 Spelter Sockets 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 Spelter Sockets Market Size and Volume Forecast by Application
9.4.1. Chemical Industry
9.4.2. Transportation Industry
9.4.3. Achitechive
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Spelter Sockets Market Size and Volume Forecast by Type
9.7.1. Open Spelter Sockets
9.7.2. Closed Spelter Sockets
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 Spelter Sockets Demand Share Forecast, 2019-2026
10. Latin America Spelter Sockets 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 Spelter Sockets 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 Spelter Sockets Market Size and Volume Forecast by Application
10.4.1. Chemical Industry
10.4.2. Transportation Industry
10.4.3. Achitechive
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Spelter Sockets Market Size and Volume Forecast by Type
10.7.1. Open Spelter Sockets
10.7.2. Closed Spelter Sockets
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 Spelter Sockets Demand Share Forecast, 2019-2026
11. Europe Spelter Sockets 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 Spelter Sockets 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 Spelter Sockets Market Size and Volume Forecast by Application
11.4.1. Chemical Industry
11.4.2. Transportation Industry
11.4.3. Achitechive
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Spelter Sockets Market Size and Volume Forecast by Type
11.7.1. Open Spelter Sockets
11.7.2. Closed Spelter Sockets
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 Spelter Sockets Demand Share, 2019-2026
12. Asia Pacific Spelter Sockets 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 Spelter Sockets 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 Spelter Sockets Market Size and Volume Forecast by Application
12.4.1. Chemical Industry
12.4.2. Transportation Industry
12.4.3. Achitechive
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Spelter Sockets Market Size and Volume Forecast by Type
12.7.1. Open Spelter Sockets
12.7.2. Closed Spelter Sockets
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 Spelter Sockets Demand Share, 2019-2026
13. Middle East & Africa Spelter Sockets 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 Spelter Sockets 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 Spelter Sockets Market Size and Volume Forecast by Application
13.4.1. Chemical Industry
13.4.2. Transportation Industry
13.4.3. Achitechive
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Spelter Sockets Market Size and Volume Forecast by Type
13.7.1. Open Spelter Sockets
13.7.2. Closed Spelter Sockets
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 Spelter Sockets Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Spelter Sockets Market: Market Share Analysis
14.2. Spelter Sockets Distributors and Customers
14.3. Spelter Sockets Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. The Crosby Group
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Nobles
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Ropeblock
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. CERTEX
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Union Wire Rope
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. GN Rope Fittings
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Global Rope Fittings
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Muncy Industries
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. PFEIFER Group
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Mazzella Companies
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Gunnebo Industries
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. SteelWireRope
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
