Industrial Plugs and Sockets Market Size, Share, and Industry Analysis By Protection (Dustproof & Splashproof, Waterproof, and Explosion-proof), By Type (Plug and Socket), By End-User (Chemical & Pharmaceutical, Heavy Industry, Oil & Gas, and Power Generation), and Regional Forecast, 2024-2032

Industrial plugs and sockets are accustomed to avoiding accidental or deliberate mismatching of plugs and connection prevention incompatible with frequency, current, voltage, and type of use. In addition, they provide safety for appliances and have multifunctional applications in commerce and farming, thereby boosting the industrial plugs and sockets.

Meanwhile, they aim to work on voltages and frequencies by establishing secure electric connections in machines and equipment. They are considered easy to install and low-cost materials, which helps drive the market expansion. Multiphase plugs, surface mounting, and panel mounting sockets are industrial plugs and sockets installed across different verticals.

The ease of installation, low cost of raw materials, and the use of advanced production technologies are the factors that are expected to propel the growth of the industrial plugs and sockets market over the coming years. Moreover, safety features built into these plugs and sockets, such as dustproof, waterproof, and explosion-proof, are the key factors accelerating the growth of the industrial plugs and sockets market. The global industrial plugs and sockets market is also expected to be driven by the increasing development of heavy industry segments such as textile, food, automotive, and electronics.

The lack of awareness about the importance of industrial plugs and sockets is a key factor impeding the growth of the industrial plugs and sockets market. Besides this, the high cost involved in the transportation of products is another factor hampering the development of the industrial plugs and sockets market.

The COVID-19 pandemic had the most significant short-term impacts on industrial plugs and sockets, which will be felt in supply chains. Many components and parts for manufacturing industrial plugs and sockets come from China, the U.S., and some parts of Europe. Production disruptions in China and the U.S. significantly impacted the industrial plugs and sockets market.

Due to the COVID-19 pandemic, many countries' local currencies have depreciated. There is a misalignment of supply and demand, resulting in financial losses for component/part manufacturers. Key components manufacturing industrial plugs and sockets are typically sourced in U.S. dollars, resulting in increased component costs.

KEY INSIGHTS

The report covers the following key insights:

• Recent Advancements in Industrial Plugs And Sockets Market


• Key Industry Trends


• Regulatory Landscape for Industrial Plugs And Sockets Market


• Key Industry Developments (Mergers, Acquisitions, and Partnerships)


• Impact of COVID-19 on the Market

SEGMENTATION

ANALYSIS BY PROTECTION

Based on protection, the plugs and sockets market is divided into dustproof & splashproof, waterproof, and explosion-proof. Splashproof components have a gasket and twist–lock ring, which seal the outlet and plug it together, whereas dustproof components act as a protector for dust prevention.

The waterproof segment will likely observe significant growth owing to several sealing ring designs. Water molecules cannot infiltrate the socket under normal pressure. Explosion-proof is set to hold a significant share as they are widely used to prevent any generated flamer, spark, or gases from escaping.

ANALYSIS BY TYPE

Based on type, the market is bifurcated into plugs and sockets. The plug-type segment is projected to account for a substantial share as it acts as a movable connector attached to an electrically operated device. In addition, the rising manufacturing of electronic components applicable in the industrial sector is enhancing the demand for plugs.

The expansion of industrial infrastructure, including construction and utilities, drives the demand for sockets for electrical connections, further supporting market growth.

ANALYSIS BY END USER

Based on end-user, the market is classified into chemical & pharmaceutical, heavy industry, oil & gas, and power generation. The heavy industry segment is projected to observe significant momentum during the forecast period owing to the need for a diverse set of tools to maintain the optimum output across large plants. Furthermore, the continuously increasing energy demand coupled with the increasing deployment of hydrocarbon exploration and production projects is likely to aid the power generation and oil & gas sectors.

The power generation segment is projected to grow considerably due to the rising investments in renewable energy projects to curb carbon emissions. Furthermore, increasing FDI in the chemical & petrochemical sector and the growing demand for chemicals & petrochemicals owing to the rising population and urbanization would lead to the segment growth over the forthcoming years.

REGIONAL ANALYSIS

The industrial plugs and sockets market has been segmented into five key regions: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America holds a significant market share in the industrial plugs and sockets market due to the extensive industrial facilities in the region.

The Europe market is expected to hold a notable share over the forecast period due to the presence of high economic countries such as Germany, the U.K., France, and others, which consist of huge industrial facilities such as chemicals, automotive, and others. Additional factor driving regional growth comprise the increasing demand for safe and reliable connected and disconnected devices for use in various environments. Furthermore, increased industrial investments are expected to offer high growth opportunities for the Asia Pacific industrial plugs and sockets market. The market is expected to grow significantly in Asia Pacific.

The Latin America market is also set to grow over the coming years owing to the rising greenfield investments in countries such as Mexico, Brazil, and others. These projects would lead to the development of numerous industries, further enhancing the market growth. The Middle East & Africa region records an increasing emphasis on economic transition and the development of manufacturing, IT, and other industries for revenue generation. The expanding industries would further create the demand for plugs and sockets in the region.

KEY PLAYERS COVERED

The report provides the profiles of key players such as Amphenol Corporation, ABB, Schneider Electric, Legrand, General Industrial Controls Pvt. Ltd. (GIC), MENNEKES Elektrotechnik GmbH & Co. KG, WEG, Emerson Electric, Gewiss, C&S ELECTRIC LTD., Eurolec Energy, and Hubbell.

KEY INDUSTRY DEVELOPMENTS

• In July 2019, Emerson upgraded the Appleton 200 A Powertite series of pin and sleeve plugs and receptacles.

• In April 2019, Marechal, a France-based electrical and electronic manufacturing company, introduced its first 40A switch disconnector.

In January 2019, Amphenol contributed significantly to the successful interconnection of peak power generating systems and offshore petroleum production for power distribution and data acquisition.