Industrial Plugs and Sockets Market: Clear Understanding of The Competitive Landscape and Key Product Segment
Industrial plugs and sockets function on very different frequencies and are used in secured electric connections in machines and equipments. In addition to that, industrial plugs and sockets come with multiple uses across farming and commerce industries, thereby boosting the global industrial plugs and sockets market. It also safeguards the equipment to which it is connected.
These plugs and sockets are made of low cost materials and are easy to install, which is likely to drive the expansion of the global industrial plugs and sockets market in forthcoming years.
The global industrial plugs and sockets market has been segmented based on four parameters of type, protection, end user, and region for better understanding of the market.
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Global Industrial Plugs and Sockets Market: Notable Developments
The global industrial plugs and sockets market has come across few developments in the recent years. One such development is mentioned below:
- In 2018, France based Schneider Electric SE entered into an agreement with Larsen & Toubro, a leading Indian multinational conglomerate, to acquire automation and electrical business of the latter. This strategic move is likely to expand the reach of Schneider Electric in the region.
Some well-known organizations in the global industrial plugs and sockets market comprise the below-mentioned:
- Legrand SA
- Mennekes Elektrotechnik GmbH & Co. KG
- Schneider Electric SE
- Amphenol Corporation
- Marechal Electric Company
- Eaton Corporation plc
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Global Industrial Plugs and Sockets Market: Key Trends
The following drivers, opportunities, and restraints characterize global industrial plugs and sockets market over the forecast period, from 2019 to 2027.