The Pin and Sleeve Device Global Market Report 2023, provides comprehensive information on the pin and sleeve device market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global pin and sleeve device market is expected to grow from $69.81 billion in 2022 to $76.08 billion in 2023 at a compound annual growth rate (CAGR) of 9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The pin and sleeve device market are expected to reach $102.94 billion in 2027 at a CAGR of 7.9%.
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Technological advancement is the key trend gaining popularity in the pin and sleeve device market. Major companies operating in the pin and sleeve device market are focusing on developing technological solutions to sustain their position in the market. For instance, in August 2020, Leviton Manufacturing Co. Inc., a US-based manufacturer of electrical wiring equipment, launched the LEV Series IEC 60309-1 and IEC 60309-2 pin and sleeve devices with the company’s Inform technology. Their unique feature incorporates 30-amp and 60-amp plugs, connectors, receptacles, inlets, backboxes, and mechanical interlocks made in North America. They are intended to simplify installation, withstand the harshest environments, and increase safety and productivity. Customers in manufacturing, food and beverage processing, original equipment manufacturers (OEMs), temporary and portable power applications, mining, entertainment venues, and fast-food environments are the best fit for these devices.
The pin and sleeve device market is segmented:
1) By Product: Plug, Connector, Receptacle, Inlet, Other Products
2) By Material: Metallic, Non-Metallic
3) By End Use: Residential, Commercial, Industrial
North America was the largest region in the pin and sleeve device market in 2022.
The table of contents in TBRC’s pin and sleeve device market report includes:
- Executive Summary
- Pin and Sleeve Device Market Characteristics
- Pin and Sleeve Device Market Trends And Strategies
- Pin and Sleeve Device Market – Macro Economic Scenario
- Pin and Sleeve Device Market Segmentation
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- Pin and Sleeve Device Market Other Major And Innovative Companies
- Global Pin and Sleeve Device Market Competitive Benchmarking
- Global Pin and Sleeve Device Market Competitive Dashboard
- Key Mergers And Acquisitions In The Pin and Sleeve Device Market
- Pin and Sleeve Device Market Future Outlook and Potential Analysis
Top Major Players
- Schneider Electric SE
- ABB Ltd.
- Eaton Corporation
- Emerson Electric Co.
- Amphenol Corporation
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