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2020
Pin And Sleeve Device Market

Pin and Sleeve Device Market by Product Type (Plug, Connector, Receptacle, and Inlet), and End User (Residential, Commercial, and Industrial): Global Opportunity Analysis and Industry Forecast, 2019–2026
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A05966
Pages: 243
Jan 2020 | 4193 Views
Author(s) : Shantanu Sachan & Divyanshi Tewari
Tables: 83
Charts: 72
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Pin and Sleeve Device Market Outlook - 2026

The global Pin and Sleeve device market size was valued at $68.10 billion in 2019, and is projected to reach $160.11 billion by 2026, registering a CAGR of 11.10% during the forecast period. Pin and sleeve devices are high-current power sources that help to insulate power from chemicals, dirt, moisture, and grime. These devices are made up of high-quality components such as RFI filters, battery holders, LED lighting connectors, and solid brass pins. These highly secured devices protect electrical connections in abusive environments. 

Pin and sleeve devices are used in various products, ranging from metal-housed to high resistant plastic products. These devices are ideal for various applications for the reason that they act as medium between electronic devices and current. They enable the flow of current though receptacles (sockets) to the device through plugs. 

Pin and Sleeve Device Market

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Rise in need for electronic devices that require uninterrupted electric supply demands adoption of optimum wiring devices such as plugs, receptacles, inlets, and connectors. These devices are used in various industry verticals that include mining & construction, aerospace & defense, automotive, entertainment, and oil & gas. Pin and sleeve connector is a cost-effective device, which offers several advantages over other connecting devices such as it can prevent disconnecting under high load and seal power connection. 

There is an increase in the demand for pin and sleeve devices, owing to the growth of connectors, sockets, and plugs in residential, commercial, and industrial sector. Moreover, ease of installation, high durability, and safety measures according to the convenience of electrical connection also contribute toward the global Pin and Sleeve device market growth.

Segment Overview

The global Pin and Sleeve device market share is analyzed by type, end user, and region. By type, it is fragmented into plug, connector, receptacle, and inlet. The connectors segment dominated the global Pin and Sleeve device industry, in terms of revenue, in 2019 and is expected to follow the same trend during the forecast period, owing to rise in development of computing technologies, consumer electronics, and communication (3C’s). 

Pin and Sleeve Device Market
By Product Type

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Inlet segment is expected to dominate the market in 2026.

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By end user, it is segmented into residential, commercial, and industrial sectors, wherein the industrial sector is further divided into automotive, manufacturing, oil & gas, energy & power, and others. 

Pin and Sleeve Device Market
By End User

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Industrial segment would exhibit the highest CAGR of 13.0% during 2019-2026.

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In 2018, the residential sector secured the highest global Pin and Sleeve device market share, however, the industrial segment is expected to witness highest CAGR of 13.0% during the forecast period. The oil & gas industry is expected to grow at the highest CAGR of 12.3% from 2019 to 2026.  

Pin and Sleeve Device Market
By Region

2026
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific holds a dominant position in 2018 and is expected to grow at a highest rate during the forecast period.

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Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific region is projected to experience the highest growth during the forecast period.

Top Impacting Factors

The dynamics such as growth in installation of plugs and sockets in the U.S. residential sector, rise in demand for dust proof & splash proof plugs & sockets, heavy investments in the military and submarine sector, and surge in adoption of electric appliances in various industrial verticals drive the global Pin and Sleeve device market. However, rise in adoption of wireless communication devices hamper the Pin and Sleeve device market growth. 

Furthermore, growth in shift toward adoption of smart plugs and sockets and rise in number of data centers is expected to create lucrative opportunities for Pin and Sleeve devices during the forecast period.

Some Major Factors Impacting the Pin and Sleeve Device Market Growth are Given Below:

Growth in Installation of Plugs and Sockets in the U.S. Residential Sector 

The electric plugs & sockets segment gained popularity in the residential end user sector as it offers substantial benefits for households, since these are one of the essential components to make any home-appliance work. The residential end user segment exhibited significant growth in the electric plugs & sockets industry, owing to rise in population that directly propels the demand for electricity in households. Furthermore, this was influenced by the increased rise in end-user security concerns.  

Rise in Demand for dust Proof and Splash Proof Plugs & Sockets

Advanced plugs and sockets provide shelter from dust and water splashes. These devices find wide applications in indoor and outdoor installations for safe as well as secure connectivity. In any residential, commercial, and manufacturing industry, secure plugs & sockets help monitor and control the flow of electricity, which can otherwise be harmful for workers. This has obligated key electric plug & socket manufacturers to introduce advanced products such as dust-proof and shock-proof plugs & sockets to deliver improved shock resistance and provide better safety. 

Increase in Adoption of Electric Appliances in Various Industrial Verticals

The net sales reported by the industrial machinery & equipment retailing sector was about $245.00 billion, in 2018, witnessing significant growth each year, owing to rise in the industrial sector. Moreover, technological advancements and surge in adoption of automated equipment are at a rapid pace in the U.S. Many manufacturing and processing industries are automating their processes to simplify their work & deal with the growing competition.

Competitive Analysis

The report provides a comprehensive analysis of the major Pin and Sleeve device market players such as ABB Ltd., Eaton Corporation, Emerson Electric, Meltric Corporation, Schneider Electric, Walther Electric, Inc., Amphenol Corporation, Mennekes Electrotecnik GmbH & Co. KG, Hubbell Corporation, and Legrand SA.

Furthermore, prominent strategies such as product launch, and business expansion are adopted by leading players to strengthen their business reach and position in the global Pin and Sleeve device market. For instance, Legrand SA expanded its product line with launch of radiant USB outlet Ultra-Fast USB Outlet. The company has launched this product to meet the rise in demand for efficient charging in various residential and commercial applications. 

Key Benefits for Stakeholders:

  • This report provides an extensive analysis of the current and emerging Pin and Sleeve device market trends and dynamics. 
  • In-depth Pin and Sleeve device market analysis is conducted by estimations for the key market segments between 2018 and 2026. 
  • Extensive analysis of the Pin and Sleeve device market size is conducted by following key product positioning and monitoring the top competitors within the market framework.
  • Key players are profiled and their strategies are analyzed thoroughly to understand the competitive outlook of the global Pin and Sleeve device market.

Key Market Segments & Key Market Players

Segments Sub-segments
By Product Type
  • Plug
  • Connector
  • Receptacle
  • Inlet

By End User
  • Residential
  • Commercial
  • Industrial
    • Automotive
    • Manufacturing
    • Oil & gas
    • Energy & Power

By Region
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Market Players
  • ABB Ltd.
  • Amphenol Corporation
  • Eaton Corporation plc
  • Emerson Electric Co.
  • Hubbell Incorporation
  • Legrand SA
  • Meltric Corporation
  • MENNEKES Electrotecnik GmbH & Co.KG
  • Schneider Electric SE
  • Walther Electric Corporation
 

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The global pin & sleeve device market possesses a high growth potential, owing to infrastructural development in residential, industrial and commercial.

Pin and sleeve devices are used in various electronic appliances in the form of sockets, plugs, receptacles, and inlets to provide secured and high-quality electrical connection. These devices protect a connection from abusive environment such as dust, chemical, moisture, and others. Pin and sleeve devices are used in electronic equipment, which indulge in power supply. These include welders, conveyors, compressors, portable tools, lighting, and home appliances. Moreover, pin and sleeve devices are used in manufacturing, automotive, marine, and other industries for electric charging, power connectivity, and other applications.

Rise in demand for splash proof and dustproof sockets & plugs find its application mainly in construction sites and restrooms. These dust proof and splash proof plugs and sockets offer benefits of fault-free electric circuits safe for human handling, which promotes its application in residential sector as well. This, in turn, drives the growth of the global pin and sleeve devices market. Moreover, rise in adoption of electrical appliances in residential, commercial, and industrial sector has also increased demand for cost-effective power connectivity devices such as plugs and receptacles. in addition, some applications in automotive, oil & gas, manufacturing, and other industries need smooth flow of current in corrosive environments where such watertight connectors and other pin and sleeve devices provide better results. hence, these devices witness significant rise in demand among these end users.

Key players operating in the global pin & sleeve device ABB Ltd., Eaton Corporation, Emerson Electric, Meltric Corporation, Schneider Electric, Walther Electric, Inc., Amphenol Corporation, Mennekes Electrotecnik GmbH & Co. KG, Hubbell Corporation, and Legrand SA.

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FREQUENTLY ASKED QUESTIONS?

A. The Global Pin and Sleeve Device Market is expected to grow at a CAGR of 11.1% from 2019 to 2026.

A. The Global Pin and Sleeve Device Market is projected to reach $160.11 billion by 2026.

A. To get the latest version of sample report

A. Growth in installation of plugs and sockets in the U.S. residential sector and rise in demand for dust proof and splash proof plugs & sockets drives the growth of Pin and Sleeve Device Market.

A. The key players profiled in the report include ABB Ltd., Eaton Corporation, Emerson Electric, Meltric Corporation, Schneider Electric, Walther Electric, Inc., Amphenol Corporation, Mennekes Electrotecnik GmbH & Co. KG, Hubbell Corporation, and Legrand SA.

A. On the basis of top growing big corporations, we select top 10 players.

A. The Pin and Sleeve Device Market is segmented on the basis of type, end user, and region.

A. The key growth strategies of pin and sleeve device market players include product launch, partnership, acquisition, expansion, product enhancement, and collaboration.

A. The Connector segment had generated the highest revenue in 2018.

A. The Industrial segment is expected to exhibit the highest CAGR during the forecast period.

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