Electric Plugs and Sockets Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
Electric Plugs and Sockets Market is segmented By Type (Three-pin, Two-pin, Four-pin, Five-pin), By End User (Residential, Commercial, Industrial), By....
Electric Plugs and Sockets Market Size
Market Size in USD
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 |
*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.