Global Wall Socket Market will grow at a CAGR 3.5% and reach USD 4.18 Billion by 2023

LEWES, Del. - Sept. 17, 2018 - PRLog -- Wall Socket Market will register a 3.5% CAGR in terms of revenue, reach US$ 4180 million by 2023, from US$ 3400 million in 2017.

A wall socket is a wall-mounted electrical receptacle that provides a point for consumers to plug in various electronic items. Wall outlets provide flexible access to electricity for use with a wide variety of components. Wall sockets make it easier and safer for occupants to power appliances, and are designed to minimize the risk of electrical shock, burns, and other related dangers.

The Major regions to produce wall socket are North America, Europe, China and Japan, which accounting for about 94 % of production in total. China is the largest production region (production share 58.22%).

Wall socket is mainly produced by Legrand, Schneider Electric, Siemens, Simon, S.A., Panasonic, Leviton, Vimar and Honeywell. And these companies occupied above 61.60% market share by sale value in 2015.

Along with the estate industry and ownership, North America, Europe, China and Japan are major consumption regions in wall socket market. The largest consumption region is China, accounting for 50.28% market share in 2015 by consumption volume. China is a promising region to be the fastest developing consumption region in the next few years.

The application of wall socket is residential application, commercial application, industrial application and other applications. Residential application is the major application, which accounts for more than 65% of consumption value. Commercial application is second large consumption filed of industrial plugs and sockets.

Although sales of wall socket brought a lot of opportunities, the industry barrier is rather high and the industry supply chain is rather closed. Therefore, the study group recommends the new entrants who just having money but without technical advantage and downstream support, do not to enter into the wall socket field hastily.

Over the next five years, Study projects that Wall Socket will register a 3.5% CAGR in terms of revenue, reach US$ 4180 million by 2023, from US$ 3400 million in 2017.

This report studies the global market, especially in North America, Europe, Asia-Pacific, South America, Middle East and Africa, focuses on the top 5 players in each region, with sales, price, revenue and market share from 2013 to 2018, the top players:

Legrand

Schneider Electric

Siemens

Simon, S.A.

Panasonic

Leviton

Vimar

Honeywell

Soben

ABB

Honyar

CHNT

DELIXI

BULL

Midea

Feidiao

Opple

Market Segment by Regions, this report splits Global into several key Regions, with sales, revenue, market share of top players in these regions, from 2013 to 2018 (forecast), like

North America (United States, Canada and Mexico)

Asia-Pacific (China, Japan, Southeast Asia, India and Korea)

Europe (Germany, UK, France, Italy and Russia etc.)

South America (Brazil, Chile, Peru and Argentina)

Middle East and Africa (Egypt, South Africa, Saudi Arabia)

Split by Product Types, with sales, revenue, price, market share of each type, can be divided into

Type A

Type B

Type C

Type I

Type L

Type N

Split by applications, this report focuses on sales, market share and growth rate in each application, can be divided into

Residential Application

Commercial Application

Industrial Application

Other Applications

Spanning over 145 pages "Forecast of Global Wall Socket Players Market 2023" report covers Wall Socket Market Overview, Global Wall Socket Sales, Revenue (Value) and Market Share by Players, Global Wall Socket Sales, Revenue (Value) by Regions, Type and Application (2013-2018), North America Top 5 Players Wall Socket Sales, Revenue and Price, Europe Top 5 Players Wall Socket Sales, Revenue and Price, Asia-Pacific Top 5 Players Wall Socket Sales, Revenue and Price, South America Top 5 Players Wall Socket Sales, Revenue and Price, Middle East & Africa Top 5 Players Wall Socket Sales, Revenue and Price, Global Wall Socket Players Profiles/Analysis, Global Wall Socket Market Forecast (2018-2023), Wall Socket Manufacturing Cost Analysis, Industrial Chain, Sourcing Strategy and Downstream Buyers, Marketing Strategy Analysis, Distributors/Traders, Market Effect Factors Analysis, Research Findings and Conclusion, Appendix.

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