The increasing implementation of building automation in urban commercial spaces and the high rate of replacement and reconditioning of aging power distribution networks will remain the main factors supporting the sale of industrial outlets & switches Flourishing infrastructural developments and a global shift towards alternative power generation would further create significant growth opportunity in the global industrial plugs and plugs market
As shown by a new research study from Persistence Market Research (PMR), the demand for industrial plugs and receptacles will reach 28 million units by the end of 2023 The market is expected to observe a moderate CAGR during the projection period, 2019-2029
Smart city initiatives, which attracted investment of over US $ 81 billion in 2018, are growing at a breakneck pace This flourishing space presents huge untapped market potential for manufacturers of the plug and socket market industrial
In the absence of a universally accepted substitute in the market, the market for industrial plugs and plugs is expected to experience healthy demand thanks to the rise in the industrial production index and robust growth in the modernization of the distribution network electric, although at a moderate pace
Persistence Market Research (PMR) has released a detailed study on the Industrial Plugs and Sockets Market, which includes global industry analysis for 2014-2018 and forecast for 2019-2029 Market report provides insight Clear understanding of the market concentration in seven different regions, across five different segments – product type, IP rating, voltage ratio, current rating, and end-use Industrial Plugs and Sockets Market report provides key insights on Parent Market Analysis, Price Analysis by Manufacturers, Regional Industrial Tension Potential, Product Mapping, Major Market Players by Region and Demand Trends in End Use Segments / p>
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Industry, mains plugs and sockets, Legrand
News from around the world – CA – Industrial sockets and sockets market 2029 Leading players: Legrand SA, TE Connectivity, Eaton Corporation PLC – Stock Market Vista
SOURCE: https://www.w24news.com
