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The global pin and sleeve devices market reached a value of US$ 72.22 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 102.67 Billion by 2027, exhibiting a CAGR of 5.80% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
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.
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.
IMARC Group provides an analysis of the key trends in each sub-segment of the global pin and sleeve devices market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product, material and end use.
Breakup by Product:
Breakup by Material:
Breakup by End Use:
Breakup by Region:
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.
|Base Year of the Analysis||2021|
|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|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|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)|
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