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The latest research study “Pin And Sleeve Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that 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.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Pin and sleeve devices aid in acquiring high-quality, secure electrical connections in risky industrial environments. They provide power in various equipment such as motor gen-sets, conveyors, portable tools, compressors, welders, and lighting. They are utilized in industries that need high-powered connections for several devices and appliances. Some of the pin and sleeve devices available in the market are durable and assist in averting accidental disconnect under load. Nowadays, these devices are gaining traction as they are widely used for packaged food products in the food and beverage (F&B) industry.
Global Pin And Sleeve Devices Market Trends and Drivers:
One of the primary factors driving the market is the increasing construction of residential projects and commercial structures worldwide due to the rapid urbanization and the rising global population. Additionally, the escalating demand for portable or fixed power applications in hazardous areas is creating a positive market outlook. Besides this, the rising demand for consumer electronics has increased the product adoption rate of pin and sleeve devices as they are extensively utilized to supply power to electrical equipment in sports stadiums, amusement parks, and film shootings. In line with this, the growing travel and tourism, and entertainment industries are catalyzing the market growth for the pin and sleeve devices market. Moreover, constant product innovations, such as products that avert dust, dirt, and water jets, have increased the demand for this product in power applications for shipyards, marine environments, pulp and paper factories, military bases, heavy manufacturing locations worldwide, and wastewater treatment plants.
Pin And Sleeve Devices Market Report Scope
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Product, Material, End Use and Region
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
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.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
The report has been segmented the market into following categories:
List of Major Key Players:
The major players in the market are 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.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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