Socket converter is an electrical accessory, which is classified as a sub-segment of the electrical equipment industry. Socket converters are generally used when any power adapter of any electrical appliance is not fitting in a given wall socket or an extension cord. These power adapters usually do not fit due to discrepancies in sockets and plug designs across all regions. As a result, these socket converters are used to accommodate such electrical appliances.
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3-pin sockets are used for class-III electrical appliances which includes ovens, refrigerators and AC’s. These sockets allow electricity to the appliances in a secure and safe way and avoids electricity leakage from the metal bodies, which eliminates the risk of electrocution. According to this researhc and analysis, the 3-pin segment accounted for the major shares of this market during 2017.
This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the market till 2023. The increasing disposable income of consumers in the region that will lead to the growth in demand for electronic devices will be a major factor augmenting the demand for socket converters in APAC.
The global Socket Converters market is valued at xx million US$ in 2018 is expected to reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Socket Converters volume and value at global level, regional level and company level. From a global perspective, this report represents overall Socket Converters market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
Key companies profiled in Socket Converters Market report are Bull, Koninklijke Philips, Schneider Electric, Hangzhou Honyar Electrical, Huntkey Enterprise Group, Xiaomi and more in term of company basic information, Product Introduction, Application, Specification, Production, Revenue, Price and Gross Margin (2014-2019), etc.
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Table of Content
1 Socket Converters Market Overview
2 Global Socket Converters Market Competition by Manufacturers
3 Global Socket Converters Production Market Share by Regions
4 Global Socket Converters Consumption by Regions
5 Global Socket Converters Production, Revenue, Price Trend by Type
6 Global Socket Converters Market Analysis by Applications
7 Company Profiles and Key Figures in Socket Converters Business
8 Socket Converters Manufacturing Cost Analysis
9 Marketing Channel, Distributors and Customers
10 Market Dynamics
11 Global Socket Converters Market Forecast
12 Research Findings and Conclusion
13 Methodology and Data Source