< Key Hightlight >

The global Wall Socket market was valued at 34.92 Million USD in 2020 and will grow with a CAGR of 3.42% from 2020 to 2027, based on HNY Research newly published report.
The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
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.
By Market Verdors:
Legrand
Schneider Electric
Siemens
Simon, S.A.
Panasonic
Leviton
Vimar
Honeywell
Soben
ABB
Honyar
CHNT
DELIXI
BULL
Midea
Feidiao
Opple

By Types:
Type A
Type B
Type C
Type I
Type L
Type N

By Applications:
Residential Application
Commercial Application
Industrial Application

Key Indicators Analysed
Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
Opportunities and Drivers: Identifying the Growing Demands and New Technology
Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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