Electric Plugs and Sockets Market Size

Market Size in USD Bn

CAGR5.6%

Study Period	2024 - 2031
Base Year of Estimation	2023
CAGR	5.6%
Market Concentration	Medium
Major Players	Schneider Electric S.E., Asea Brown Boveri Ltd. (ABB), Legrand S.A., Eaton Corporation plc., Mennekes Elektrotechnik GmbH & Co. KG and Among Others

*Disclaimer: Major players are listed in no particular order.

*Source: Coherent Market Insights

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Electric Plugs and Sockets Market Analysis

The electric plugs and sockets market is estimated to be valued at USD 13.38 Bn in 2024 and is expected to reach USD 19.59 Bn by 2031, growing at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031. The steady growth of the real estate and construction sectors across the globe is driving the need for electrical systems and components such as plugs and sockets in residential and commercial applications.