Pin and Sleeve Devices Market Report by Product (Plug, Connector, Receptacle, Inlet, and Others), Material (Metallic, Non-Metallic), End Use (Residential, Commercial, Industrial), and Region 2024-2032
The global pin and sleeve devices market size reached USD 81.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 125.7 Billion by 2032, exhibiting a growth rate (CAGR) of 4.85% during 2024-2032.
Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
USD 81.4 Billion
Market Forecast in 2032
USD 125.7 Billion
Market Growth Rate 2024-2032
4.85%
Pin and sleeve devices assist in the acquisition of high-quality, secure electrical connections in high-risk industrial environments. They supply power in a wide range of equipment, including welders, motor gen-sets, compressors, conveyors, and portable tools and lighting. They are widely used in industries that require high-powered connections for various devices and appliances. Nowadays, several types of pin and sleeve devices are available in the market that are durable and help in preventing accidental disconnect under load.
Pin and Sleeve Devices Market Trends:
A considerably rising need for fixed or portable power applications in hazardous areas represents one of the key factors fueling the market growth. Moreover, a significant increase in the construction of residential projects and commercial infrastructure across the globe on account of rapid urbanization and the growing global population is driving the market. Furthermore, the escalating demand for consumer electronics is also positively influencing the market for pin and sleeve devices to connect computers, servers, mainframes, and cameras. They are also utilized to provide power to electrical equipment in amusement parks, sports stadiums, and film shootings. This, in confluence with the recovering entertainment and travel and tourism industries, is strengthening the market for pin and sleeve devices. Apart from this, the escalating demand for packaged food products is promoting the adoption of pin and sleeve devices in the food and beverage (F&B) industry around the world. Furthermore, the leading players are introducing products that provide protection against dirt, dust, and water jets. This is promoting their adoption in power applications for shipyards, military bases, marine environments, pulp and paper facilities, wastewater treatment plants, and heavy manufacturing locations worldwide.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global pin and sleeve devicesmarket report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product, material and end use.
Breakup by Product:
Plug
Connector
Receptacle
Inlet
Others
Breakup by Material:
Metallic
Non-Metallic
Breakup by End Use:
Residential
Commercial
Industrial
Automotive
Manufacturing
Oil and Gas
Energy and Power
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd, Amphenol Corporation, Eaton Corporation plc, Emerson Electric Co., Hubbell Incorporated, Legrand Group, MELTRIC (Marechal Electric Group), MENNEKES Elektrotechnik GmbH & Co. KG, Schneider Electric SE and WALTHER-WERKE Ferdinand Walther GmbH.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2023
Historical Period
2018-2023
Forecast Period
2024-2032
Units
Billion USD
Segment Coverage
Product, Material, End Use, Region
Region Covered
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered
ABB Ltd, Amphenol Corporation, Eaton Corporation plc, Emerson Electric Co., Hubbell Incorporated, Legrand Group, MELTRIC (Marechal Electric Group), MENNEKES Elektrotechnik GmbH & Co. KG, Schneider Electric SE and WALTHER-WERKE Ferdinand Walther GmbH.
Customization Scope
10% Free Customization
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The global pin and sleeve devices market was valued at USD 81.4 Billion in 2023.
We expect the global pin and sleeve devices market to exhibit a CAGR of 4.85% during 2024-2032.
The rising demand for consumer electronics, along with the growing utilization of pin and sleeve devices to connect computers, servers, mainframes, and cameras, is primarily driving the global pin and sleeve devices market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous end-use industries for pin and sleeve devices.
Based on the product, the global pin and sleeve devices market has been segmented into plug, connector, receptacle, inlet, and others. Currently, connector holds the majority of the total market share.
Based on the end use, the global pin and sleeve devices market can be divided into residential, commercial, and industrial. Among these, residential exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global pin and sleeve devices market include ABB Ltd, Amphenol Corporation, Eaton Corporation plc, Emerson Electric Co., Hubbell Incorporated, Legrand Group, MELTRIC (Marechal Electric Group), MENNEKES Elektrotechnik GmbH & Co. KG, Schneider Electric SE, and WALTHER-WERKE Ferdinand Walther GmbH.
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